The cryptocurrency market saw a pivotal moment on March 28, 2025, as Bitcoin ETFs experienced significant outflows of $93 million, ending a 10-day buying streak that had accumulated over $1.07 billion in BTC. Despite the outflows, Bitcoin’s price demonstrated resilience, holding key support at $82,000 and rising to $84,000 over the weekend.
The outflows were predominantly from Fidelity’s FBTC, while BlackRock’s IBIT and other U.S.-approved spot ETFs saw neutral flows. This divergence suggests differing institutional investor sentiment, with BlackRock maintaining a more cautious yet confident stance on Bitcoin.
The main reasons behind the mixed ETF activity could stem from macroeconomic risks, including concerns about trade policies and their effect on traditional markets. Bitcoin continues to be seen as a hedge against these risks, leading to ongoing interest in the asset. However, many of the institutional investors who acquired Bitcoin during its recent dip below $77,000 are still holding onto their positions due to large unrealized profits, further supporting Bitcoin’s price stability.
As Bitcoin hovers around $82,000, its ability to maintain this level despite the ETF outflows signals strong underlying demand. Institutional capital continues to focus on Bitcoin, leaving altcoins like Ethereum (ETH), Solana (SOL), and XRP trailing behind in terms of price performance.
Looking ahead, the next few weeks will be critical in determining whether Bitcoin ETFs resume their accumulation trend or if further outflows signal a shift in sentiment. Key regulatory decisions, especially concerning U.S. policies, will likely influence institutional demand. If Bitcoin remains a safe-haven asset amid broader market uncertainties, ETF inflows could return, potentially pushing BTC to new highs.
In the short-term, Bitcoin faces critical resistance at $84,400. If it fails to break this level, selling pressure could drive the price lower to $80,600 or beyond. However, a strong rally above $84,400 with substantial volume could negate bearish signals, leading to a potential rally towards $88,215. The coming days will determine Bitcoin’s next significant move.
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