Fidelity Sees $2.8M Bitcoin ETF Outflow Amid Bearish Market Conditions

Fidelity's Bitcoin ETF saw significant outflow on July 28, 2026, with $2.8 million withdrawn from the fund. This comes at a time when the BTC price is experiencing downward pressure, currently sitting at $63,161.23 and testing support at $63,374.46.

The technical indicators are bearish, with the EMA50 and EMA200 capping upside, while the MACD death cross reinforces downside pressure. The RSI(14) remains neutral but suggests further weakness before any potential recovery attempt.

This sustained institutional selling has caused traders to factor this into their short-term crypto market crash scenarios, incorporating it into their BTC price prediction models.