Bitcoin briefly dropped to $65,000, with net inflows of spot ETFs remaining sluggish for two consecutive days.
As Bitcoin continues to hit new all-time highs, analysis firms 10X Research and Swissblock have both pointed out the possibility of a pullback, but the good news is that they remain optimistic about the future market outlook.
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Bitcoin Drops to 65K at One Point
Bitcoin hit a record high of $73,787 on March 14, but dropped to $65,588, down 11.11% on the evening of the 15th.
Although it briefly rose above $70,000 to $70,659 after the U.S. stock market opened, it was trading around $68,686 at the time of writing.
Bitcoin Plunges! ETF Net Inflow Only $130 Million on 3/14, Bitcoin Significantly Retreats
Bitcoin ETF Sluggish for Two Consecutive Days
Farside Investors data shows that the net inflow of Bitcoin spot ETF was $198 million on March 15.
Compared to the net inflow of $1.045 billion on March 12 and $683 million on March 13, the net inflow of funds for two consecutive days was slightly sluggish on 3/14: $132 million.
Bitcoin ETF Net Inflow Doubles, BTC and BNB Continue to Push to New Highs
Grayscale GBTC remains the main force of net outflows at -$139 million, on par with BlackRock's net inflow; the total net inflow of Bitcoin spot ETF is approximately $12.1 billion since its listing on January 11.
Net inflows for various issuers on March 15 are as follows:
BlackRock IBIT: $139 million
Fidelity FBTC: $155 million
Bitwise BITB: $20 million
Vaneck HODL: $15 million
Valkyrie BRRR: $1.2 million
Franklin EZBC: $2 million
- Wisdomtree BTCW: $3.3 million
