Bitcoin ETF Outflows Reach $526.5 Million in Four Days

Bitcoin News

Bitcoin (BTC) is being tested after U.S. spot Bitcoin ETFs recorded four straight sessions of redemptions totaling $526.5 million, according to ETF issuer flow data reviewed by COINOTAG. The withdrawals included $225.1 million on July 23, $240.1 million on July 24, $11.6 million on July 27 and $49.7 million on July 28, leaving the asset trading near $64,200 at the time. The weekly price sequence showed Bitcoin slipping from about $66,700 to $64,000 before recovering toward $65,100, a range that indicates demand is defending the lower band but not yet forcing a breakout. The same demand dashboard showed weaker appetite in perpetual futures, where buying pressure and funding costs for longs eased, while open interest edged higher, suggesting leverage became more careful rather than aggressively bullish. Options positioning also cooled: puts stood at about 52 for every 100 calls, down from roughly 76 in late June. The more stable factor is long-term holder behavior. Unrealized losses have narrowed modestly and realized losses have eased, meaning a brief move below $64,000 would not automatically break the market's support structure if it occurs without forced selling by that cohort. For our Bitcoin coverage, the key question is whether ETF demand returns before lower leverage becomes a persistent drag.

As of July 30, the Federal Reserve's latest rate hold did not give Bitcoin a clean directional catalyst, and derivatives positioning shows why the market remains pinned near $64,000. Across crypto futures and perpetuals, 24-hour liquidations totaled $383.6 million, with long positions accounting for $271.7 million and shorts $111.9 million, according to exchange derivatives data. Bitcoin contributed about $60.3 million to the liquidation tape, while Ethereum added $69.6 million, showing that leveraged traders were forced to step back after expecting a post-Fed move higher. The shorter-term picture is more constructive: over the most recent four-hour window, $22.9 million of positions were liquidated, but shorts made up $16.2 million of that total, more than double the $6.7 million on the long side. That sequence often appears when downside bets are exhausted and dip buyers begin to absorb supply. Because the Fed decision was already priced, the market is treating this range as a positioning reset rather than a macro verdict, and volume confirmation is needed before any breakout can be trusted. Liquidity maps place dense short liquidation pockets between $65,000 and $65,300, while long liquidation clusters sit near $63,100 to $63,300. The practical setup is a compressed box: a high-volume break above $65,000 would target the upper liquidity pool, while a loss of the low-$63,000 zone could trigger cascading long exits and renewed bear market volatility.

Bitcoin's technical structure remains fragile but not broken, and the latest exchange market data shows it holding the $63,000 to $64,000 support band while several altcoin names struggle to defend their own moving averages. The asset is trading above its 100-day moving average near $63,300, yet it remains below the 50-day and 200-day averages, leaving the broader trend sideways rather than decisively bullish. After the local low near $59,000, Bitcoin formed higher lows, which suggests buyers are still defending the recovery base. A sustained improvement would require a move above $65,500 and the 50-day average, while the 50-day near $67,500 and the 200-day near $73,200 form the main overhead barriers. Momentum has stabilized but not confirmed: the RSI around 53 shows modest improvement, but volume is still well below the June panic phase, meaning neither side has full control. The weakness in Altcoin majors reinforces the cautious tone. Solana slipped under its 100-day average near $74.50 with $72 support in focus, and Zcash fell toward $462 after losing its 50-day and 100-day averages. Zcash's RSI near 43 and Solana's RSI near 48 show the pullback has not yet reached full oversold conditions, leaving room for additional consolidation. If Bitcoin loses $63,000, the next tests would be $61,000 and then the $59,000 June low.

The four-session redemption streak broke on July 29, when U.S. spot Bitcoin ETFs recorded a net inflow of $32.1 million, according to fund flow data. BlackRock's IBIT drove the reversal with $89.8 million in single-day inflows, pushing its cumulative total to $60.4 billion, while Fidelity's FBTC offset part of the gain with $43.1 million in redemptions. Total net assets across all Bitcoin spot ETF products stood at $77.5 billion. The divergence extended to Ethereum, where spot ETFs swung to an $18.7 million net outflow on the same day, led by $16.1 million leaving Fidelity's FETH despite $14.3 million entering Morgan Stanley's MSSE. The split suggests institutional allocators are rotating toward Bitcoin exposure while trimming Ethereum positions, a pattern that could reinforce Bitcoin's relative strength if it persists into August.

(as of 08:00 UTC) For Bitcoin, COINOTAG's proprietary 42-indicator composite S/R scoring engine rates the $63,649 support at 79/100, driven by Fibo 0.236, S1 and HVN confluence, while $66,956 resistance scores 76/100 from Donchian Upper, Swing High, LVN and EMA 100. With spot at $64,003, price is pressing the $64,283 cluster (46/100, BB Middle, SMA 20, EMA 50) from below. Funding at 0.0069%, $12.38 billion open interest and a 1.63 long/short ratio show crowded longs but modest leverage; Fear and Greed at 28 signals fear. A volume-led break above $64,283 could open $65,316 and then $66,956, while losing $63,649 would expose $61,468 and invalidate the near-term bullish thesis, with RSI at 49 and a bearish MACD confirming sideways neutrality.