Bitcoin Price Prediction: ETF Exodus Pushes BTC Toward 200-Week MA At $58,500
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Bitcoin falls below $63,200, recording a 19% decline in February, its worst monthly performance since June 2022. Spot ETFs see $203 million in outflows, indicating institutions are reducing exposure. The critical support level is now at the 200-week moving average of $58,500 if Bitcoin fails to hold the $62,000 to $60,000 range.
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- Bitcoin falls below $63,200 as February losses reach 19%, marking the worst monthly performance since the June 2022 crypto collapse.
- $203 million in spot ETF outflows on February 23 extend the longest outflow streak since 2025, signaling institutional capital is exiting.
- The 200-week moving average at $58,500 emerges as the next critical support if Bitcoin loses the $62,000 to $60,000 zone.
Bitcoin price today trades near $63,191, down another 0.08% as sellers push the token toward its fifth consecutive monthly decline. The move places Bitcoin on track for its worst month since June 2022, when the collapse of TerraUSD triggered failures across Three Arrows Capital and BlockFi.
ETF Outflows Hit $203M As Institutions Reduce Exposure
Bitcoin spot ETFs recorded $203.82 million in net outflows on February 23, according to SoSoValue data. The exodus marks one of the l…
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