Bitcoin ETFs break 5-week outflow streak as analysts eye recovery

The funds negotiated in exchange for Bitcoin are returned to weekly entries while Bitcoin holds up above the level of crucial support of $ 85,000, which, according to analysts, is necessary for the next leg.

According to data From Sosovalue, the 12 ETF Bitcoin of 12 points experienced a notable turnaround, ending their weekly sequence of outings with significant net entries totaling $ 744.35 million during the week from March 17 to 21.

In particular, the FNB Bitcoin recorded positive net flows all last week, from $ 274.59 million on Monday, followed by $ 209.12 million, $ 11.8 million, 165.75 million dollars and ending with $ 83.09 million on Friday.

The majority of entries during the week came to Blackrock’s Ibit, which attracted $ 537.5 million, followed by the FBTC in Fidelity with $ 136.5 million. In addition, the positive impetus came from Arkb of Ark 21Shares, the Mini Bitcoin Trust of Graycale and Hodl de Vaneck with $ 79.5 million, 23.9 million dollars and $ 11.9 million respectively.

However, it was not a total victory at all levels, because Bitb de Bitwise, BTCO D’Unt Investo, the EZBC of Franklin Templeton and the GRAYCALE GBTC have always seen combined outings of $ 45 million.

However, global reversal is a welcome sign After nearly $ 5.4 billion in outings In the past five weeks. The decline was largely motivated by a broader macro uncertainty, in particular the previous pricing threats of Trump, which disturbed the markets and attenuated the risk of the risks.

However, the feeling can now be tilted in favor of Bitcoin while Trump softens his position on the reciprocal prices of April 2, which releases the fears of a full -fledged trade war. At the same time, the federal reserve has reported It can hold the rate increases.

At the time of the press, Bitcoin (BTC) increased by 4.4% in last week, switching to a market capitalization of $ 1.72 billion while he was exchanging $ 86,918 per room.

Analysts say that for Bitcoin to maintain this momentum, it is crucial to maintain the level of $ 85,000.

Ryan Lee, Bitget Research chief analyst, said that a weekly fence greater than $ 85,000 is essential to avoid a potential decline at $ 76,000 and to maintain the structure of the Haussier market intact.

Meanwhile, Markus Thielen of 10x Research note In a March 23 report, Bitcoin’s inversion indicators have become bullish, the 21 -day mobile average now at $ 85,200. He stressed that similar configurations in September 2023 and August 2024 preceded solid rallies.

“The technical backdrop has now reset to a point where a renewed trend could take place in a plausible way,” said Thielen.