Bitcoin ETFs saw a net outflow of $93 million on Friday, marking the end of a strong 10-day accumulation phase that added over $1.07 billion in BTC. Despite this, Bitcoin’s price has remained resilient, rebounding from a 10-day low of $82,000 to reclaim $84,000 over the weekend. Data from FairSide reveals that the entire outflow came from Fidelity’s FBTC, while BlackRock’s iShares Bitcoin Trust (IBIT) and other U.S.-approved spot ETFs recorded neutral flows. This suggests a divergence in institutional sentiment, with some investors taking profits while others continue to hold their positions.
Bitcoin ETFs Remain Neutral Despite Market Caution
Bitcoin’s brief dip below $82,000 coincided with increased regulatory uncertainty. The U.S. Congress recently scrutinized Paul Atkins, the pro-crypto SEC chair nominee under Donald Trump, raising concerns about potential regulatory shifts.
However, BlackRock and other major institutional players have chosen to hold rather than sell, indicating a calculated long-term approach. Analysts suggest that institutional investors are weighing broader macroeconomic risks, particularly concerns over Trump’s proposed trade policies and their impact on traditional markets.
Bitcoin’s appeal as a non-correlated asset continues to attract capital, reinforcing its position as a hedge against economic uncertainty. The concentration of outflows in Fidelity’s FBTC, rather than across all ETFs, further suggests that the selling pressure is isolated rather than widespread.
Unrealized Profits and Bitcoin’s Strong Support at $82K
Before the Friday sell-off, Bitcoin ETFs had acquired over $1.07 billion in BTC over the past 10 days. This accumulation significantly limited short-term supply, which has helped Bitcoin maintain key support above $82,000.
Notably, many institutional investors who entered the market when BTC dropped below $77,000 remain in profit, reducing the incentive to sell. This dynamic may explain why Bitcoin’s price has held firm while leading altcoins like Ethereum (ETH), Solana (SOL), and Ripple (XRP) have lagged.
What’s Next for Bitcoin ETFs and Institutional Demand?
The coming weeks will be critical in determining whether Bitcoin ETFs resume accumulation or if further outflows signal a shift in sentiment. Investors will closely monitor U.S. regulatory developments and broader economic conditions to assess Bitcoin’s status as a safe-haven asset.
If macroeconomic trends favor Bitcoin’s role as a hedge, ETF inflows could return, pushing BTC toward new highs. However, prolonged uncertainty or negative regulatory actions could trigger deeper corrections.
For now, BlackRock and other key institutional players are maintaining their positions, signaling confidence in Bitcoin’s long-term outlook.
Bitcoin Price Forecast: Key Resistance at $84,400 Amid Bearish Formation
Bitcoin’s price trajectory remains uncertain as BTC trades at $82,363, hovering near key support levels. The Bollinger Bands indicate tightening volatility, with major resistance at $84,412 and $88,215.
A bearish pennant formation suggests a potential downside risk if BTC fails to break above $84,400. In this scenario, selling pressure could drive the price toward $80,600 or even the lower Bollinger Band at $80,237.
However, if BTC can maintain support above $82,000 and break past $84,400 with strong volume, a rally toward $88,215 becomes possible, negating the bearish outlook. Bitcoin’s next move at this crucial level will determine its short-term trend.
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