All of the Bitcoin exchange-traded fund (ETF) products in the market extended their outflow streak to 4 weeks in a row, as the flagship digital asset bowed down to the crypto bears. Despite hopping on to a 7-day high of $93,288 after Donald Trumpโs team approved the highly-awaited U.S. Bitcoin Reserve, Bitcoin (BTC) price lost momentum amid rising geopolitical and macroeconomic tensions.
Bitcoin ETFs Take A Hit As Bitcoin Price Tanks
Across the 11 Bitcoin ETF products currently live on the stock markets, $739.2 million in 7-day outflows considerably slimmed the Bitcoin ETF market cap. Weighing $98.48B, or roughly 5.7% of all Bitcoin (BTC) market capitalization, the ETF market saw an eye-watering $409.3 million going out of the balance sheets on March 7, 2025, according to Farside Investors.
Last time Bitcoin ETF outflows of such magnitude happened in late February, most noticeably the $1.138 billion drawdown on February 25, 2025. Coming in strong on February 21, 2025 with a monthly high of $99.2K, the BTC bull rally didnโt last long. Since, the Bitcoin (BTC) price freefall escalated to concerning levels, going all the way down to $78.9K on the last day of the month.
Is Bitcoin Price Doomed To Slide Below $73K?
As market fear looms back this Monday, crypto analysts are not expecting an immediate breakthrough in Bitcoinโs (BTC) price. To illustrate, popular crypto pundit Tender Market Research named $70K as the soft bounce zone, which is coming up โbefore any potential change of directionโ, the pro analyst claims on X.
On top of that, this dim Bitcoin (BTC) price projection aligns with the market participants turning more fearful than last week. As the Crypto Fear & Greed Index hits extreme fear levels of 20, a further BTC sell-off can be triggered, potentially ending up consolidating between $67K to $73K, dubbed as โResistance Turned Support Zoneโ by the market researcher.
โWe are bearish and we will sell bitcoin and make profits.โ, – concludes the crypto chart analystโs message, adding that โevery rally should be your opportunity to sellโ. On the other hand, other popular market watchers are less pessimistic about the upcoming Bitcoin (BTC) price trajectory.
While more Bitcoin (BTC) price volatility is to be expected, popular analyst Ali Martinez has drawn attention to a potential macro trend shift. According to his chart, Bitcoin (BTC) might be on the verge of exiting the โbearโ phase, displayed in light blue color.
While this could turn into a rebound bull run in case of bulls regaining the steering wheel, thereโs also a chance of entering the โextreme bearโ phase, which would solidify Tender Marketโs prediction of Bitcoin (BTC) to $70K. As of press time, the top crypto asset BTC is priced at $79,957.55, according to CoinGecko.
On The Flipside
- The Bitcoin price flop below $80K triggered huge liquidations on Derivatives, as leveraged traders got wiped out of more than $1.02 billion in 24 hours.
- Despite Bitcoinโs 5% dive in 24 hours, $60 million of over-leveraged short BTC positions were liquidated, according to CoinGlass real-time data.
Why This Matters
Institutional investor activity often portrays the general market sentiment, especially since Bitcoinโs ETF products are taking up more than 5% of all BTC market capitalization.
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