Bitcoin exchange inflows and ETF outflows created 34,000 BTC in local selling pressure, but data suggest a rally toward $80,000 remains on the table.

U.S.-listed spot bitcoin exchange-traded funds have seen more than $2.26 billion in outflows over the past two weeks.

Bitcoin held below $78,000 as spot ETFs shed over $1 billion for a second straight week and U.S.-Iran deal speculation rattled markets.