Bitcoin Rally May Be Correction as ETF Outflows Persist, Analyst Says, Eyes 200-Week MA Near $57,000

Bitcoin exchange-traded funds recorded continuous net outflows since Jan. 19, with about 17,400 BTC sold via ETFs in the week of Jan. 19 and a further 9,540 BTC offloaded the following week after prices moved below the ETF cost basis, according to analyst @alicharts cited by BlockBeats on Feb. 3. The analyst argues the recent price rebound should be treated cautiously, suggesting that without fresh capital inflows the move could represent a corrective bounce rather than a full trend reversal. If selling pressure continues to build, @alicharts highlights the 200-week moving average, currently near $57,000, as the next key level to watch, noting it has historically acted as major macro support and could mark an area where long-term demand may recover. BlockBeats adds that, as of press time, U.S. crypto ETFs showed net inflows on the first trading day of this week, and the feared panic exit by ETF investors has not materialized.