Blackrock's $19.5M Bitcoin ETF Outflow Fuels Bearish Sentiment

Blackrock's IBIT Bitcoin ETF experienced a significant outflow of $19.5 million on September 10, 2026, as reported by Farside Investors.

The BTC price was trading at $78,373.56 within the Bollinger band on the 4-hour chart, with the price below the EMA50 resistance level at $78,861.81 and a MACD death cross at -257.53 indicating bearish momentum.

The Relative Strength Index (RSI) was neutral at 42.93, suggesting room for a test of the lower band support at $77,906.69 before any potential push towards the upper band at $79,735.45.

This outflow occurs as models predict sustained institutional selling pressure over the past six months.