Crypto
Bitcoin ETF Flows Plummet $165M Daily Amid Bearish Market Sentiment
Bitcoin's ETFs recorded a significant outflow of $165.46 million in daily net flow on September 10, according to data from @lookonchain.
The 7-day net flow for Bitcoin ETFs turned positive at $661.59 million, a stark contrast to the daily numbers. Ethereum ETFs saw a similar trend with a 1-day net flow of -$23.2 million against a +$94.95 million 7-day net flow.
Bitcoin's price is currently testing lower Bollinger support near $77,517.45 and is facing resistance from the EMA50 at $78,752.83. The MACD death cross at -388.34 reinforces bearish momentum in the market.