Bitcoin ETFs rebound with $744.35M in inflows as BTC holds $85K support, boosting market optimism for further gains - IcoHolder.

Spot Bitcoin exchange-traded funds (ETFs) have seen a significant recovery in weekly inflows, coinciding with Bitcoin’s price stabilization above the key $85,000 support level. Analysts believe maintaining this support is crucial for Bitcoin to continue its upward momentum.

Data from SoSoValue reveals that the 12 spot Bitcoin ETFs experienced a notable turnaround, ending a streak of outflows with a total of $744.35 million in net inflows during the week of March 17–21. This shift marks a strong rebound after several weeks of declining investment.

Throughout the week, Bitcoin ETFs saw steady inflows, with $274.59 million on Monday, followed by $209.12 million on Tuesday, $11.8 million on Wednesday, $165.75 million on Thursday, and closing the week with $83.09 million on Friday. The majority of the capital flow came into BlackRock’s IBIT, which alone attracted $537.5 million, while Fidelity’s FBTC brought in $136.5 million. Other funds like ARK 21Shares’ ARKB, Grayscale’s mini Bitcoin Trust, and VanEck’s HODL also contributed with $79.5 million, $23.9 million, and $11.9 million respectively.

Despite these positive trends, some funds still saw outflows. Bitwise’s BITB, Invesco’s BTCO, Franklin Templeton’s EZBC, and Grayscale’s GBTC experienced a combined outflow of $45 million. Nevertheless, the overall shift is seen as a welcome development following the loss of nearly $5.4 billion in outflows over the previous five weeks, which were attributed to broader macroeconomic uncertainty, including concerns over trade tensions stemming from former President Trump’s tariff threats.

The outlook for Bitcoin appears brighter as sentiment shifts in favor of the cryptocurrency. Trump has softened his stance on the upcoming April 2 reciprocal tariffs, alleviating fears of a full-scale trade war, while the Federal Reserve has suggested it may pause interest rate hikes. These factors have helped calm market fears and restored some risk appetite.

As of the latest update, Bitcoin had risen by 4.4% over the past week, reaching a market cap of $1.72 trillion and trading at $86,918 per coin. Analysts emphasize that maintaining the $85,000 level is vital for Bitcoin’s continued bullish trajectory. Ryan Lee, chief analyst at Bitget Research, stressed that a weekly close above $85,000 is necessary to avoid a potential pullback to $76,000, thus preserving the positive market structure.

Markus Thielen from 10x Research also noted that Bitcoin’s technical indicators are turning bullish. He highlighted that similar setups in 2023 and 2024 led to strong rallies, with the 21-day moving average now sitting at $85,200. Thielen remains optimistic that the market is primed for another upward trend.