Bitcoin prices traded cautiously after US-listed spot Bitcoin ETFs snapped a three-day inflow streak, adding pressure to an already fragile market structure.
Summary
- Bitcoin traded cautiously near $67,000 after US-listed spot Bitcoin ETFs ended a three-day inflow streak, flipping back to net outflows.
- ETF flow data points to waning institutional demand, reinforcing fragile market structure amid ongoing price consolidation.
- Technically, BTC remains well below its 50-day moving average, with RSI in the low-30s, keeping near-term momentum tilted to the downside.
Bitcoin price struggles as ETF momentum stalls
Bitcoin (BTC) was trading around $67,000 at press time, struggling to attract strong upside follow-through after recent attempts to stabilize.
ETF flow data shows Bitcoin spot ETFs recorded steady inflows over the previous three sessions, signaling a brief return of institutional demand as BTC attempted to stabilize near $67,000.
However, that trend reversed in the latest session, with net outflows replacing inflows, suggesting renewed caution among investors amid ongoing price consolidation.
The halt in ETF inflows comes as broader risk sentiment remains mixed, with traders closely watching whether institutional demand can reassert itself after weeks of volatility.
Bitcoin price action weak below key moving average
The daily chart shows Bitcoin remains well below its 50-day simple moving average, which is currently hovering near $85,000. This large gap highlights the depth of the recent correction and signals that the broader trend remains under bearish control.
Meanwhile, the Relative Strength Index (RSI) is holding below the neutral 50 level. It sits in the low-30s, suggesting bearish momentum is still dominant, even as selling pressure has eased compared with January’s sharp breakdown.
On the downside, immediate support sits near $66,500–$66,000, a level that has repeatedly attracted buyers in recent sessions. A decisive break below this zone could expose Bitcoin to deeper losses toward $64,000, followed by a broader psychological support area near $60,000.
On the upside, initial resistance is located around $70,000, where prior rebound attempts have stalled. Beyond that, stronger resistance emerges near $74,000–$75,000, a former support zone that now acts as a selling area.
A sustained move above these levels would be required to signal a shift in near-term momentum.
Overall, Bitcoin remains in a consolidation phase following a sharp correction, with ETF flow data and broader market sentiment likely to determine whether BTC breaks higher or resumes its downward trend in the days ahead.
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