Bitcoin ETF saw a net outflow of $210 million in a single day, as the market digests the pullback of institutional funds.
According to Lookonchain’s latest data: Bitcoin spot ETFs recorded a net outflow of 3,321 BTC on the day, about $210 million. On a 7-day basis, they are still net outflow of 297 BTC, about $18.8 million. Ethereum ETFs saw a net outflow of 3,515 ETH in a single day, about $6.52 million, but on a 7-day basis they still have a net inflow of 1,573 ETH, about $2.92 million.
In one sentence: BTC is “seeing higher volume on daily outflows, but weekly remains weak”; ETH is “giving back on the daily, but the weekly is still absorbing.” Since the funding rhythm differs, the market is more likely to exhibit a divergence—BTC weak repair while ETH shows relatively better downside resistance.
As for the current price:
$BTC 63710.7, up 0.90% in 24h. High 63960, low 62268. Funding rate: 0.003023%. Pivot point PP at 63370; R1 above at 63959; S1 below at 62962. As long as price holds above PP, the rebound can still test R1. If it falls back below S1, that would indicate the selling pressure caused by ETF outflows has not ended.
My view: Don’t chase at highs in the short term. Prioritize assessing the quality of support within the 63370–62962 range. Consecutive net ETF outflows suggest institutions are reducing risk exposure. If price rebounds without accompanying fund inflows, it can easily turn into a “pass-by” move. ETH’s 7-day flow is still net inflow, which is relatively steadier—but since there was also daily outflow, overall risk appetite remains cautious.
In terms of trading, focus more on structure: talk about rebound quality only after BTC holds S1; if it breaks S1, lower expectations. Don’t get thrown off by day-to-day swings—watch whether ETF flows can shift from net outflow back to net inflow.
Pivot point
$BTC R1:63958.57 S1:62961.87 |
$ETH R1:1907.57 S1:1852.10
$BTC #BTC $ETH #ETH #ETF