Crypto markets have seen significant ETF outflows across Bitcoin, Ethereum, and Solana. According to data from Lookonchain, the 24-hour net flow of Bitcoin ETFs was -7,272 BTC (-$465.16M) on June 4, with a weekly net flow of -27,214 BTC (-$1.74B). Meanwhile, Ethereum and Solana ETFs saw outflows of -45,424 ETH (-$80.45M) daily and -174,427 ETH (-$308.91M) weekly, as well as -71,897 SOL (-$5.03M) daily and -35,674 SOL (-$2.5M) over seven days.
Price action on the 4-hour chart shows Bitcoin trading at $42,121.3 within its Bollinger Bands, with upper resistance at $73,489.52 and lower support at $61,426.89. The EMA50 at $70,365.36 and EMA200 at $74,994.31 indicate clear overhead resistance, while the RSI(14) at 29.77 signals oversold conditions and the MACD(12,26) at -2,408.23 confirms the death cross, pointing to continued downside pressure.
Traders are now factoring in these outflows as they monitor broader market crash scenarios, particularly those related to AI industry impacts on risk appetite.