Fidelity's Bitcoin ETF Sees $43.1M Outflow Amid Bearish Market Indicators
Fidelity's Bitcoin ETF (FBTC) reported a significant outflow of $43.1 million on July 30, according to Farside Investors data.
The price of BTC currently sits at $63,712, with bearish technical indicators in place. The Moving Average Convergence Divergence (MACD) has printed a death cross, and the Relative Strength Index (RSI) remains neutral.
This suggests that the downward pressure on Bitcoin prices is expected to continue before any potential test of upper resistance. The Bollinger Bands indicate a narrow trading range, with support at $62,873 and resistance at $65,563.