End of net outflows! ETF net inflow of 15.4 million euros on Monday, will Bitcoin rise to 80,000 next?

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End of net outflows! ETF net inflow of 15.4 million euros on Monday, will Bitcoin rise to 80,000 next?

Bitcoin spot ETF saw net outflows for consecutive week, indicating a decrease in buying interest, causing Bitcoin price to pull back from the high of 73K to 60K; in the United States this week on March 25th (Monday), there was a slight recovery in fund inflows, with a net inflow of $15.4 million, including $35.5 million in inflows for BlackRock's IBIT, $261 million in inflows for Fidelity's FBTC, while GBTC saw outflows of $350 million.

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Bitcoin spot ETF saw net outflows for a week in a row, indicating a decrease in buying interest, causing the Bitcoin price to pull back from its high of 73K to 60K; in the United States this week on Monday, 3/25, there was a slight recovery in fund inflows, with a net inflow of $15.4 million, with IBIT from BlackRock seeing an inflow of $35.5 million, FBTC from Fidelity seeing an inflow of $261 million, while GBTC saw an outflow of $350 million.

Source: coinglass

10x research, a company known for its astonishing predictions, believes that unless the Bitcoin trading price falls below 68,000, it will remain bullish. In their previous bullish forecast, they suggested a potential increase of 15,000-20,000 points.

As the end of March approaches, the trading conditions for this week can be anticipated if institutional investors intend to show more Bitcoin exposure this quarter. Due to a certain scale of institutions needing to publicly disclose their investments, investment institutions with assets under management exceeding $100 million entering Bitcoin ETFs will also be disclosed in mid-May. If well-known institutions enter the Bitcoin market, it is expected to benefit the market sentiment for Bitcoin. Have institutional investors entered the Bitcoin spot ETF? The truth will be revealed in the 13F report in mid-May.

Source: 10x research