Spot Bitcoin ETFs see record 10-day outflow streak, analyst calls it ‘contrarian indicator’

Bitcoin has bounced back from the $70,000 zone multiple times in 2026, but analysts are warning that the next test of that level could end differently. A Line That Has Held Since 2017 The lower boundary of a rising wedge pattern — a trendline that first appeared as support in mid-2017 — has absorbed several sharp drops over the years. Bitcoin touched it during the FTX-driven crash of November 2022, when prices fell to $15,400, and the line held. It held again three times in the opening months of 2026, at $60,000 in February, then at $64,900 and $65,000 in March and April. Related Reading: Bitcoin’s 4-Year Rhythm Is Still Playing Out, Says Crypto CEO Crypto market commentator MichaelXBT brought renewed attention to the pattern after Bitcoin dropped below $74,000 for the first time in over a month. Based on his chart analysis, the support trendline now sits around the $70,000 mark, and a confirmed break below it would be historically significant. Bitcoin 10-Year Wedge Support: $70k If th

Bitcoin saw its lowest levels since the middle of April as BTC price action continued ot diverge from thriving US stock markets.

Bitcoin has hit what one analyst describes as a major ceiling after losing the support level that held the market together for months. Following a failed push toward $83,000, the analyst now believes buying Bitcoin at current prices carries more risk than opportunity. Instead, he points to a much lower target, a level where buyers may finally step back into the market with conviction. Bitcoin’s Former Support Has Turned Into Resistance The analyst’s outlook centers on the collapse of the $80,500 area, a level that previously acted as the backbone of Bitcoin’s trading range for months. During earlier pullbacks, buyers repeatedly defended that zone and helped stabilize price action, allowing Bitcoin to recover and attempt new highs. That dynamic now appears to have reversed. Related Reading: Can The Ripple Banking License Serve To Push The XRP Price To $25? After briefly climbing toward $83,000 in May, Bitcoin failed to maintain momentum and quickly lost strength. The rejection created w

Nearly 40% of all Bitcoin in circulation was bought at prices higher than where it trades today, leaving a large share of holders sitting on losses. That figure, cited by analyst Darkfost, captures the strain building across the market as big players pull back from buying and demand shows little sign of recovery. Related Reading: […]

Solana price has held above the key $80 support zone despite mounting selling pressure, with one analyst arguing the level could determine whether the token begins a new recovery phase or enters a deeper bear market decline. According to data…

The Bitcoin price has been in a massive downward trend throughout this week. Data from CoinMarketCap shows that BTC has declined by over 6% in the last seven days and nearly 10% in just two weeks. A combination of factors has contributed to this negative trend, including massive outflows in Spot Bitcoin ETFs, the ongoing […]

Crypto analyst Fergani has predicted that the biggest altcoin season will happen this year. The analyst also revealed the catalyst that will drive this bullish momentum for altcoins, as he noted that this could be the latest real run for these crypto assets.  Analyst Predicts This Year Will Be The Biggest Altcoin Season Ever In […]