BlackRock IBIT Sees $8.8M Bitcoin Outflow Amid Ongoing Market Volatility

BlackRock's IBIT Bitcoin ETF saw an outflow of $8.8 million in its latest flow data, released on July 28, 2026. The current price of BTC is around $32,291.92, hovering inside the Bollinger band on the 4-hour chart. The price has been testing lower support at $32,251.29, while the EMA50 resistance holds strong at $64,669.58 and the EMA200 at $63,916.4. The MACD death cross remains bearish with a reading of -269.47, and the RSI is at 33.57, leaving room for further downside before any potential recovery.

This institutional move follows the past year's volatility swings, which have left the market digesting ETF positioning. Despite this latest outflow, it's essential to consider the broader context of the market and its ongoing adjustments.