Bitcoin has been experiencing a period of heightened volatility lately and currently its price is hovering over the $83,000 mark. At press time, the price of the token stands at $83,065 with a surge of 2.0% in the last 24 hours as per CoinGecko.
As investors focus on the market details, Exchange-Traded funds (ETFs) can also become indicators that provide information about the cryptocurrency’s price trajectory.
ETFs are one of the many fatcors that influence the price of Bitcoin. According to the data from April 3 2025 by SoSoValue, the cumulative total net inflow is $36.14 billion after accounting for the $99.86M in daily total net outflow.
Will Bitcoin Reach $88,000 Mark?
Institutional involvement in the cryptocurrency market leads to changes in the market price of the token. However, it is important to note that the impact of institutional ETFs on Bitcoin price depends on various factors such as market sentiments, investor demand, and regulatory environments.
From the above data by SoSoValue, it can be seen that the investors are actually pulling their money out of Bitcoin ETFs. With this trend of investors pulling their money out could make it harder for Bitcoin to go to $88,000 mark.
Talking about ETFs, BlackRock, a leading asset manager, launched its BTC ETF in Europe. For the institution, this move was a means to expand its reach but if one looks at the broader picture, it is going to lead to increased accessibility and liquidity which in turn might increase the price of the Bitcoin token.
The Risk of a Drop to $70K: Outflows Loom Large
On the contrary, if the token experiences significant outflows from these Bitcoin ETFs, it could cause a sense of panic within the industry and can lead to increased sell-off pressure. According to analysts, the price of Bitcoin can dip to $70,000 which is the next support level.
The recent $99.86 million in outflow is also a significant amount and is a red flag that cannot be ignored. If this continues, it will indicate the draining confidence among investors.
To look at the broader picture, as of April 3, 2025, data from SoSoValue show a weekly outflow of $107.81 million. To study this, let’s compare it with past data from the below image:
- April 3, 2025: -$107.81M
- March 28, 2025: $196.48M
- March 21, 2025: $744.35M
- March 14, 2025: -$838.27M
- March 7, 2025: -$799.39M
The first week of April shows an outflow, which is in contrast with the mixed data from March. The first week of March on the other hand had a significant outflow of $799.39M, the price of the BTC token at that time was priced at around $85,590, followed by substantial inflows in the subsequent weeks. However, the last week of March saw $196.78M in inflows, and the price of BTC tokens was priced around $81,488 as per CoinGecko.
Also, from the above data it can be seen that the inflow in the last week of March and the outflow in the first week of April has a difference of $88.67 million which indicates a shift in the investor interest.
Bitcoin’s trajectory depends on upcoming ETF inflow trend. The fluctuating data from recent weeks indicates the existing uncertainty, which is causing traders to stay vigilant and analyse the crypto market closely.
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