Fidelity's Bitcoin ETF Sees $4.1 Million Outflow Amid Bearish Trend
Fidelity's (FBTC) Bitcoin ETF has seen a significant outflow of $4.1 million in the latest update from Farside Investors.
This comes as traders continue to monitor the price of Bitcoin, which is currently trading at $63,711.95 within its Bollinger bands.
The EMA200 at $63,744.26 serves as immediate support for the price, while the higher EMA50 at $64,350.66 acts as a cap on any potential upside.
The MACD death cross at -264.24 reinforces the bearish trend structure in the market, with the RSI at 38.47 keeping momentum neutral ahead of any test of lower band support at $63,263.31.