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Bitcoin faced fresh institutional selling this week as spot ETF outflows returned while BTC traded near USD 80,000. Reports cited about USD 165 million in withdrawals on September 10 and another USD 120 million on Wednesday. At the same time, Iran eased foreign exchange rules for Bitcoin and Tether use in international trade.
InteractiveCrypto reported that 2,148 BTC, worth about USD 165 million, left spot Bitcoin ETFs on September 10. Research firm Icrypex separately reported about USD 120 million in ETF outflows on Wednesday.
Those withdrawals followed a stronger period for institutional demand. Bitcoin rose about 20% over the past month, while the iShares Bitcoin Trust attracted roughly USD 3.5 billion in net inflows during that period.
The rebound came after the August 19 market washout. Michael Bucella of Neoclassic Capital said forced selling eased, then spot buying and ETF demand improved. Can renewed ETF demand push Bitcoin through the USD 83,000 to USD 86,000 supply zone?
Bitcoin remains below the four-hour MA-20 at USD 77,838 and the MA-50 at USD 78,929. The Ichimoku Kijun at USD 77,968 also acts as immediate resistance.
Meanwhile, BTC remains above the daily MA-200 at USD 70,061. RSI stands at 41.43, while CCI shows modest selling pressure. MACD gives a strong sell signal, and ADX remains neutral.
Stoch RSI and the Awesome Oscillator also remain neutral. Bull/Bear Power favors sellers, while subdued volatility supports a sideways intraday tone. The current range sits between USD 75,202 and USD 79,229.
The supplied market assessment assigns a 72% probability to further downside and 28% to an upside break. A drop below support could deepen the retracement. A bullish shift requires stronger momentum above resistance.
Read More: Bitcoin Market Outlook: 7 Signals Crypto Investors Should Watch
Iran’s central bank relaxed foreign exchange rules on September 11. The change allows domestic businesses to use Bitcoin and Tether for international trade.
The move expands a regulatory use case for digital assets inside Iran. The report described the immediate global market effect as limited, leaving ETF flows and price structure as stronger near-term Bitcoin drivers.
Bitcoin still trades about 10% lower in 2026 despite its recent monthly rebound. Bucella said Bitcoin remains healthier than many other crypto assets, while altcoin leverage and open interest require more caution.
He also noted that overall leverage and open interest resemble levels seen before the October 10, 2025 crash. That event erased USD 19 billion in crypto leverage in one day.
Grayscale research head Zach Pandl said investors increasingly use crypto within broader portfolio allocation strategies. He linked that trend to diversification, rising bond yields, and concerns around dollar debasement.
Bitcoin’s rebound faces renewed pressure as ETF withdrawals return and short-term technical signals remain weak. Still, BTC holds above its daily MA-200 after gaining about 20% in a month. ETF demand, the USD 83,000 to USD 86,000 supply zone, and current support levels remain key market factors.
