Spot Bitcoin ETFs continue to attract capital inflows
After experiencing several volatile trading sessions, these funds have maintained a strong inflow momentum. Among them, BlackRock's IBIT fund contributed the largest share, with an additional inflow of $143.6 million. Following closely is Fidelity's FBTC, which saw an inflow of $23.2 million, while Bitwise's BITB recorded $3.1 million. ARK Invest's ARKB added $2.4 million, and VanEck's HODL brought in $8.1 million.
On March 9 and 10, inflow amounts reached $167.1 million and $246.9 million, respectively, but slightly retreated to $53.8 million on March 12. Since their launch, cumulative inflows have been concentrated in a few products. According to data, BlackRock's IBIT has attracted over $6.3 billion, while Fidelity's FBTC has gathered nearly $1.1 billion.
Analysts remain optimistic about BTC price
Meanwhile, analysts are closely monitoring Bitcoin's technical structure. Crypto analyst Ali Martinez noted that Bitcoin has entered a "low resistance zone," indicating that the asset may move upward under relatively low selling pressure.
A chart shared by crypto analyst Michaël van de Poppe shows Bitcoin trading at approximately $71,720 on a 4-hour timeframe, rebounding from March's lows. The chart highlights a high-low structure forming around $65,117, which Poppe describes as a support level that the market continues to hold.
Above the current price range, the chart marks potential resistance zones between $76,604 and $79,127, while a broader upward target range approaches $80,646. The technical setup also indicates that Bitcoin has reclaimed its short-term moving average after a series of consolidations.
Poppe described the recent price fluctuations as typical end-of-week volatility. He stated on social media: "This is a classic price movement for Bitcoin on Friday afternoons." He pointed out, "The price climbed to recent highs and then retraced after gaining liquidity."
Poppe added that he will closely monitor the next few trading days, as he expects new highs to emerge soon. "I’m eager to see the price action in the coming days, but I suggest we will attack the highs again in the next two weeks," he said.