Bitcoin News said in a post on X that Bitcoin was trading near $80,600 after closing below its 50-day moving average, the first break under that level since August. The move ended a 66-day stretch in which BTC had stayed above the 50-day average. The post also said Bitcoin remains about 10% above its 200-day moving average.
At the same time, U.S. spot Bitcoin ETFs posted net outflows for a second straight trading day. Net outflows totaled $137.9 million on Friday, following $635.6 million on Thursday. Thursday’s figure was the largest single-day outflow since June. Combined, the two sessions saw about $773.5 million leave the products, according to the figures cited by Bitcoin News.
ChainCatcher reported that Bitcoin News said in a post on X that Bitcoin was trading near $80,600 after closing below its 50-day moving average. The break marked the first time since August that Bitcoin had fallen under that line, ending a 66-day run above the average.
According to the post, Bitcoin is still trading about 10% above its 200-day moving average.
U.S. spot Bitcoin ETFs record two straight days of net outflows
U.S. spot Bitcoin ETFs saw net outflows of $137.9 million on Friday, extending the streak of net outflows to two trading days. On Thursday, the products recorded $635.6 million in net outflows, the largest single-day outflow since June.
Across the two sessions, total net outflows reached about $773.5 million.
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