Bitcoin (BTC) Price Rises 1.8% This Week Despite $976M ETF Outflows

The week of March 15-21, 2025, saw the crypto market weather volatility, macroeconomic uncertainty, and shifting investor sentiment

The week of March 15-21 saw the crypto market cope with volatility, macroeconomic uncertainty, and shifting investor sentiment, with Bitcoin price and the broader market feeling the heat.

As of Friday, March 21, the global crypto market cap stands at $2.84 trillion, down 3.9% from midweek highs. Trading volume plummeted 27.83% to $89.91 billion, signaling a cooling of activity. The price of BTC is $83,878, down 2.8% in the last 24 hours.

Bitcoin Price Rises 1.8% In the Week Despite $976M ETF Outflows

The week kicked off with a jolt as 21Shares announced the liquidation of two actively managed ETFs—the ARK 21Shares Active On-Chain Bitcoin Strategy ETF (ARKC) and ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY)—set to finalize by March 28.

Breaking: 21Shares to Liquidate Two Crypto ETFs - Shift Ahead?21Shares has announced the closure of:ARK 21Shares Active Bitcoin Ethereum Strategy ETF ( $ARKY )ARK 21Shares Active On-Chain Bitcoin Strategy ETF ( $ARKC )? Key Dates:Shareholders can sell their stakes…

The move follows $976 million in outflows from U.S.-listed spot Bitcoin ETFs this month, reflecting a broader market downturn. Bitcoin price, which hovered around $84,000 early in the week, dipped as low as $76,800 amid tariff speculation and global trade tensions, only to claw back above $80,000 by midweek.

Institutional moves painted a mixed picture. Michael Saylor’s Strategy (formerly MicroStrategy) scooped up $10.7 million worth of BTC (130 coins) between March 10-16, reinforcing its bullish stance despite a consolidating market.

Meanwhile, BlackRock’s IBIT ETF saw its largest single-day inflow in six weeks, adding 2,660 BTC (≈$217 million) on March 19, a sign that big players remain confident even as retail investors grow skittish. The Fear & Greed Index slid to 27, underscoring bearish sentiment.

Altcoins followed Bitcoin’s lead with uneven results. Ethereum (ETH) slipped 2.05% to $1,973, struggling to reclaim $2,000, while Solana (SOL) dropped 4% to $127.91. XRP held steadier, down just 1.12% to $2.41. On the upside, EOS surged 25.72% to lead the pack, buoyed by isolated bullish momentum.

EOS price surged to a multi-week high after developers announced a major rebrand and a shift toward a new era in finance for $EOS.

Macro factors loomed large, with the Federal Reserve’s FOMC meeting on March 19 adding pressure. Analysts warn that prolonged economic uncertainty—coupled with Trump-era tariff concerns—could drag BTC lower, potentially revisiting the $73,000-$74,000 range if U.S. equities falter.

Bitcoin Price Analysis: Rounded Top Draws Crash Concerns

Bitcoin price has dropped 2.5% in the last 24 hours as of 5:29 a.m. EST to trade at $84,080 on a 33% drop in trading volume to $25.6 billion.

The chart indicates a rounded top formation, signaling a potential reversal from a bullish to a bearish trend. BTC price has been declining from the recent high of ≈$109,396, confirming a weakening bullish momentum.

The next immediate support from the current price sits 16% lower, around the $69,000 – $72,000 range, where Arthur Hayes pegs a potential bottom. A deeper correction could see Bitcoin price drop to the major support zone at the $55,000 – $58,000 level.

Conversely, the $90,000 level remains a key resistance, untested since March 7. If sentiment turns bullish post-Fed, BTC could push toward $90,000 next week toward the previous consolidation area of $86,000 – $87,000.

There are no strong bullish reversal candles present yet, meaning further downside is possible. The decreasing volume does not show strong bullish interest, indicating sellers remain in control. It also means Bitcoin may experience a slow bleed to the $77,000 level if overall market conditions don’t change.

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