TREE NEWS reports: Bitcoin closed below its 50-day moving average for the first time since August, ending a 66-day streak above the line, with the price near $80,600 and still about 10% above its 200-day average. US spot bitcoin ETFs saw $137.9 million in net outflows on Friday, a second straight day of outflows after Thursday’s $635.6 million, the largest single day since June, for a two-day total of about $773.5 million.
Bitcoin Falls Below 50-Day Moving Average for First Time Since August
The break of a 66-day streak above the 50-day average matters less as a signal in itself than as a marker of how quickly ETF flows have turned: two consecutive outflow days totaling roughly $773.5 million, including the largest single day since June, suggest the marginal buyer that sustained the streak has stepped back. That the price remains about 10% above its 200-day average frames this as a short-term momentum shift rather than a broader trend break. Whether the outflows persist or reverse is the open question, and the gap to the longer-term average is the buffer worth watching.
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