The sharp outflow marks a significant acceleration in selling pressure after several days of persistent red flows. ETF assets continue to trend lower, confirming ongoing institutional distribution.

BTC fell to $59,320, extending its recent decline and reaching new local lows. The combination of heavy ETF outflows and weakening price action suggests risk appetite remains subdued.

Unless ETF flows stabilize, Bitcoin may remain under pressure as institutional investors continue reducing exposure.
BlackRock ETF has sold $239,270,000 worth of Bitcoin.

Bitcoin has broken below the lowest band on the Rainbow Chart — the "Fire Sale" zone — for only the second time in history. The first occurrence was during the 2022 FTX collapse, which marked the cycle bottom.

At current levels near $59K (roughly 50% off the highs), the model shows no support beneath this band.

Bitcoin continues trading near local lows while liquidation liquidity remains heavily concentrated above the current price.

Key observations:
• Immediate resistance is building around $60K–62K, where several short-term liquidity clusters have formed.
• Much larger liquidation pools remain higher at $63K–66K, with the strongest concentration extending toward the $69K–75K region.
• Below current price, downside liquidity has thinned considerably after the recent liquidation cascade, suggesting many leveraged longs have already been flushed.

The heatmap currently favors an upside liquidity hunt if buyers manage to reclaim nearby resistance. However, failure to hold current levels could still trigger additional volatility before any meaningful recovery.

At the moment, the largest magnetic liquidity remains above price, making upside sweeps increasingly attractive once selling pressure begins to fade.