Bitcoin ETFs Post Record Net Outflow Amid Market Caution

A net outflow of $201.9 million from Bitcoin ETFs on August 28 marked a significant event in the crypto market, led by ARKB with a withdrawal of $114.9 million, followed closely by IBIT at -33.4 and BITB at -49.7.

The only notable exception was MSBT, which saw an inflow of $9.3 million.

Despite the price action remaining within the Bollinger band, with upper resistance at $80,682.40 and lower support at $77,087.55, traders are cautious about the impact of sustained ETF redemptions on short-term volatility.

The 4-hour structure still holds a bullish bias above the EMA50 at $76,847.51, but the MACD death cross signals fading momentum, with the RSI staying neutral at 43.19.