Bitcoin ETF Inflows: A False Dawn Before a Price Correction—Price Analysis

• If global liquidity trends hold, Bitcoin could challenge $95,000 in the coming weeks.
• At the $95,000 price level, 1.2 million investors hold 726,000 BTC. 
• Bitcoin ETFs recorded a substantial $13.33 million in inflows on March 12.

Bitcoin spot ETFs saw a return of inflows on March 12, with $13.33 million net positive, but analysts warn that a key resistance level could trigger a sharp price correction.

This inflow doesn’t paint the full picture . Ethereum spot ETFs continued to struggle, posting net outflows of $10.40 million for the sixth consecutive day. Since inception, the cumulative total net inflow across Bitcoin ETFs stands at an impressive $35.42 billion.

Mixed Signals: ETF Flows vs. Analyst Warnings

Digging into the numbers, ARK 21Shares Bitcoin ETF (ARKB) led the inflows with $82.60 million, while BlackRock’s iShares Bitcoin ETF (IBIT) experienced outflows of $47.05 million. Grayscale’s GBTC ETF also saw $11.81 million in outflows. 

This mixed bag suggests strong, but cautious, institutional interest in Bitcoin.

The intensifying global tariff war under United States President Donald Trump has heightened concerns about an impending US recession. On March 10, the US stock market suffered a “Black Monday” event, with major indices tumbling. 

Related: Standard Chartered: Bitcoin Correction Linked to Stock Market Dip

The Dow Jones Industrial Average fell 2.08%, dropping nearly 900 points, while Nasdaq dropped 4%. Also, the SP 500 declined 2.7%

This downturn also extended to the crypto market, with Bitcoin plunging below $77,000 to a low of $76,560 on Monday. However, Bitcoin has since rebounded, reaching a daily high of $84,358.58 within the past 24 hours, as per CoinMarketCap data.

Bitcoin’s Price: Key Levels to Watch

At press time, BTC trades at $82,963.17, a 2% increase in the past day. The Relative Strength Index (RSI) sits at 40.67, suggesting Bitcoin is near oversold territory, but not yet signaling a strong reversal.

The Bollinger Bands (BB) tell a similar story. Bitcoin’s upper resistance is around $96,624, while lower support is near $77,638. The middle BB line at $87,131 acts as a key pivot.

Related: Bitcoin at $82K: Analysts flag $75K support, a break could trigger a fall to $63K

But according to crypto analyst Ali Martinez, Bitcoin could surge by mid-April if global liquidity expansion continues, following historical trends.

But first, he warns, Bitcoin must smash through a major resistance barrier at $95,000 – a level where 1.2 million investors hold 726,000 BTC.