BTC and ETH prices now track spot ETF flows directly, with inflows lifting prices and outflows triggering declines of matching magnitude.

Since last October, BTC ETF assets dropped 43% from $169.5 billion to $96.4 billion while the price fell 41% from $125,000 to the current $73,000 level; ETH ETF assets plunged 63% from $32 billion to $11.6 billion as the price dropped 59% from $4,800 to $2,000, confirming the tight correlation over the past six months.

With BTC price at $73028.58 sitting inside the Bollinger Bands and testing the lower support at $72726.25, the oversold RSI(14) at 24.92 signals exhaustion yet the MACD death cross at -902.63 and price below both EMA50 at $76225.57 and EMA200 at $77078.91 reinforce the bearish structure, suggesting any bounce will likely stall at upper band resistance near $78717.98 before further downside pressure resumes amid sustained ETF outflows.