Bitcoin ETFs Lose $2.26 Billion in Two Weeks

Bitcoin ETFs have experienced a total outflow of $2.26 billion over the past two weeks, indicating a softening in institutional demand. Despite the price holding at $77,326, the RSI remains neutral at 56, while the MACD continues to stay below the signal line. Although short-term SMAs (20 and 50) are still trending upward, the ETF outflows could break the momentum. Therefore, a downward movement may be expected in the short term, but the intensity of the decline could be limited.

Coinbase stock is under pressure amid news of significant outflows from Bitcoin ETFs. Technical indicators also confirm the weakness: the RSI is approaching oversold territory at 35.6, while the MACD is below the signal line and negative. The price is trading below both the 20-day and 50-day moving averages. In the short term, the downtrend is expected to continue, but oversold conditions could trigger a potential rebound.

MSTR, a stock with high correlation to Bitcoin, is facing negative signals from significant outflows in Bitcoin ETFs. Technical indicators confirm the weakness: RSI at 36 is approaching oversold territory, MACD is below the signal line and negative, and the price is trading below both the 20-day and 50-day moving averages. The daily loss of 3.8% from the last close is notable. While selling pressure is likely to persist in the short term, the RSI not yet entering oversold territory supports an expectation of weak trading rather than a sharp decline.

Large outflows from Bitcoin ETFs are signaling weakness in the cryptocurrency market and could negatively impact Bitcoin mining stocks such as MARA. Although the stock has risen 11.5% in the last 24 hours, the RSI at 61.8 is approaching overbought territory, raising questions about the sustainability of the rally. While the MACD line remains above the signal line, indicating a positive outlook, the news flow could increase selling pressure in the short term. Trading above the SMA20 and SMA50 provides technical support, but macro headwinds like ETF outflows may weaken this support. Therefore, a bearish move is expected in the near term.