Bitcoin Plummets! $900M Bitcoin ETF Exit Sparks Fear, Experts Predict Next Moves!

Bitcoin Spot ETFs have seen a surge of withdrawals, with $900 million pulled in the last week. This marks a continuation of a trend that has seen institutional investors pulling capital from these funds, particularly from Grayscale’s GBTC. While Bitcoin ETFs first spurred market bliss, the subsequent decline indicates a shift in mood. Analysts are discussing whether this is a one-time sell-off or a more serious indicator of decreasing confidence. With Bitcoin’s price reacting to these moves, the market is paying close attention to how ETF flows will impact the next stage of its journey.

Bitcoin ETF Outflows Intensify as Grayscale GBTC Leads the Exodus

The past week has seen Bitcoin Spot ETFs collectively register outflows nearing $900 million, with Grayscale GBTC suffering the largest withdrawals. Institutional investors, who were once driving Bitcoin’s momentum through ETFs, now appear to be offloading their positions. One key reason behind this could be investors reallocating funds to lower-cost ETFs, such as those offered by BlackRock and Fidelity.

Table 1- Published on Tradingview, on March 17, 2025

The sell-off has also coincided with Bitcoin struggling to hold above $84,391.48. This reflects a mix of profit-taking and uncertainty over regulatory and macroeconomic factors. Despite these outflows, other ETFs have been absorbing some of the capital, preventing a steeper decline in Bitcoin’s value. Analysts remain divided on whether this exodus is a short-term phenomenon or an early indicator of a larger shift in institutional sentiment.

Bitcoin Price Prediction and Impact on the Last 24 Hours

This news has significantly impacted BTC’s price actions, contributing to increased volatility. In the last 24 hours, It has fluctuated between key support and resistance levels. The trading day of March 16 started with a founding resistance at $84,391 before pulling back to a support level of $83,733.  The RSI oversold at 10:55 UTC suggested a possible rebound, leading to a price increase that peaked at $85,119. However, this rally was short-lived, as Bitcoin entered a downward channel at 23:05 UTC, finding new support at $81,981.

Chart 1, Analyzed by ShwetaCW, published on TradingView, March 17, 2025

As of March 17, Bitcoin’s price movement remains uncertain. The day started with an upward channel, fueled by a golden cross from the previous night. However, an oversold condition at 4:00 UTC triggered a downward shift, keeping Bitcoin range-bound between $84,391.48 resistance and $81,981.09 support. If it breaks above $84,39, it could rally toward the $85,000–$86,000 range. Alternatively, failure to hold may lead to a further drop toward $81,981. Bitcoin price prediction suggests that upcoming ETF flows will play a key role in determining whether it can sustain upward momentum or face further corrections.

What’s Next for Bitcoin?

The Bitcoin Spot ETF outflows continue to weigh on market sentiment, adding pressure to its price action. With nearly $900 million in outflows, investors are wary of further declines. While Bitcoin remains volatile, its ability to hold the $81,981 support level will be crucial in determining its next move. A break above resistance could push the price toward $85–$86K. Failure to maintain steam may result in more falls. Bitcoin ETFs have an impact on market liquidity, therefore traders are constantly monitoring inflows and outflows for price signals. Bitcoin price prediction remains uncertain, hinging on whether institutional investors regain confidence or continue reducing their holdings in the coming sessions.