Bitcoin ETF outflows hit $57.63M amid price testing $62K support and Fed minutes ahead
Bitcoin ETF outflows reached $57.63 million on August 14, continuing a three-day withdrawal streak as BTC hovered near $62,000 support. Despite nearly $1.1 billion inflows last week to Bitcoin and Ether ETFs, Bitcoin fund turnover hit a low, signaling cautious trading. BTC trades below key moving averages, with a critical support zone between $61,500 and $62,000 under pressure. Upcoming Federal Reserve minutes and inflation data will influence whether buyers defend this floor or BTC declines further toward a $52,000 target if support breaks.
Bitcoin ETF outflows reached $57.63 million on August 14, continuing a three-day withdrawal streak as BTC hovered near $62,000 support. Despite nearly $1.1 billion inflows last week to Bitcoin and Ether ETFs, Bitcoin fund turnover hit a low, signaling cautious trading. BTC trades below key moving averages, with a critical support zone between $61,500 and $62,000 under pressure. Upcoming Federal Reserve minutes and inflation data will influence whether buyers defend this floor or BTC declines further toward a $52,000 target if support breaks.
What's Your Reaction?
