Bitcoin ETF Outflows Reach $93M, Institutional Sentiment Shifts – Will BTC Recover to $84K?

Bitcoin ETF witnessed a major shift as investors pulled out $93 million, ending a 10-day streak of continuous buying. This sudden outflow raised concerns about short-term market sentiment, especially as Fidelity’s FBTC recorded the highest withdrawals. Meanwhile, BlackRock’s IBIT remained steady, reflecting a divided stance among institutional investors. Although, Bitcoin price held firm even briefly touching $84,000 before retracing. Analysts suggest that while short-term volatility is expected, long-term institutional interest in ETFs remains strong. Investors are now closely watching whether this trend reverses or shows a shift in market dynamics.

Bitcoin ETF Sell-Off and Its Market Impact

On March 31st, Bitcoin ETFs recorded a $93 million net outflow suggesting a shift in institutional investment patterns. Fidelity’s FBTC faced the largest withdrawals, contributing significantly to the decline. This marks the end of a 10-day buying spree, during which institutions consistently accumulated Bitcoin through ETFs. In contrast, BlackRock’s IBIT showed a neutral stance, with no major inflows or outflows, indicating that not all institutions are pulling back.

BTC ETF Flow (US$m) Published on FairSide as of March 31

Despite these withdrawals Bitcoin price managed to recover briefly, reaching $84,000 before retracing. Analysts believe the market remains resilient, with bullish sentiment still present among some institutional investors. Additionally, BlackRock’s IBIT is still one of the largest BTC holders, maintaining a strong presence in the ETF market. Bitcoin Price Prediction remains uncertain as investors wait to see if this recent sell-off is a short-term correction or the start of a broader trend. Meanwhile, market watchers are closely monitoring upcoming ETF flows and institutional moves to gauge Bitcoin’s next potential direction.

Bitcoin Bears Take Control as Downward Channel Forms

Bitcoin price showed strong bullish momentum on March 30th, with RSI entering the overbought zone at 1:10 UTC and again at 2:20 UTC. This upward push was interrupted by a death cross at 3:30 UTC, signaling a shift to bearish conditions. A golden cross at 6:40 UTC triggered a brief recovery, driving BTC toward $83,533.05, where it encountered resistance. Bears regained control with a death cross at 15:00 UTC, leading to a downward trajectory. Small recoveries at 17:00 UTC and 22:05 UTC were not enough to reverse the trend.

Chart 1, analyzed by ShwetaCW, published on TradingView, March 31, 2025

On March 31st, a death cross at 00:15 UTC pushed BTC into oversold territory by 00:40 UTC, with support holding at $81,797.9. A golden cross at 1:10 UTC sparked a rebound, and another at 4:30 UTC strengthened the upward movement. However, a golden cross at 6:10 UTC initiated another downward trend. Based on Bitcoin Price Prediction, if this bearish pressure continues, BTC could break below the $81,279.79 support level, potentially testing $80,800 or lower. A reversal, however, might see the price breach the $83,533.05 resistance and extend its gains.

Bitcoin ETF Outflows Trigger Uncertainty: What’s Next for BTC?

The $93 million outflow from BTC ETFs has sparked concerns about institutional sentiment, with Fidelity’s FBTC seeing significant withdrawals. Meanwhile, BlackRock’s IBIT remained steady, indicating a mixed outlook. Despite this Bitcoin price briefly climbed to $84,000 before retracing. According to Bitcoin Price Prediction, if selling pressure persists, BTC could drop below $81,279.79 and approach $80,800. Alternatively, renewed buying momentum might push the price past $83,533.05, leading to further gains. Investors are keeping a close eye on Bitcoin ETF trends for potential market direction.

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