Bitcoin ETF Flows Plummet as Ethereum Draws In $9M

Yesterday, Bitcoin ETF flows saw an outflow of $265 million as Ethereum drew in $9 million in inflows. This comes as a continuation of selling pressure from institutional channels on Bitcoin, while Ethereum remains steady with buyer interest. According to the data provided by @CryptoKing4Ever, Bitcoin is currently trading at $63,107.47 and is stuck in a bearish structure. The EMA50 is at $64,111.91 and the EMA200 is at $63,862.77, acting as overhead resistance for the asset. Meanwhile, the MACD prints a death cross at -358.84, and the RSI sits neutral at 39.77. The market remains trapped between Bollinger bands with upper resistance at $65,329.52 and lower support at $62,455.66.