Bitcoin ETF Inflows Rack Up $76.4 Million Amidst Market Chaos! Bitcoin Poised for Recovery?

U.S. spot Bitcoin ETFs (exchange-traded funds ) are showing signs of resilience, recording $76.4 million in net inflows on Tuesday, signaling a second consecutive day of positive flows following last week’s market turmoil1. According to SoSoValue data, Tuesday’s inflow follows Monday’s $1.5 million inflow, starkly contrasting the seven-day outflow of $878 million that concluded last Friday.

BlackRock’s IBIT ETF is leading the charge, attracting $38.2 million on Tuesday. Ark and 21Shares’ ARKB followed with inflows of $13.4 million, while Bitwise’s BITB reported nearly $11 million in inflows1. The Grayscale Bitcoin Mini Trust and Franklin Templeton’s EZBC also reported positive flows1.

Experts Weigh In on the Bitcoin Situation

According to Peter Chung, head of research at Presto Research, “Much of the ETF inflows are driven by the basis trade (i.e., long spot ETF short CME futures). In the last few days, the CME basis yield has rebounded as the risk-on assets started to stabilize1.” Chung added, “The ETF inflows over the last few days may therefore be a result of the changing dynamics between the spot and the futures market.”

Watch: Outflows from Bitcoin ETFs in the US surged last week, as trade war concerns gripped the market. Peter Chung from Presto Research told Reuters he believes that investors in crypto ETFs will remain on the sidelines until there is more certainty over tariffs pic.twitter.com/cSMq2p44zy

— Reuters Business (@ReutersBiz) April 15, 2025

Despite the ETF inflows, the Bitcoin price has experienced a 2% dip over the past 24 hours. Bitcoin currently trades at $83,500. This volatility is due to the broader market instability, influenced by recent tariff policies from U.S. President Donald Trump.

What’s Next for Bitcoin?

The trading volume has been on the decline for Bitcoin ETFs. The total trading volume was seen at $1.6 billion on Tuesday. However, a volume of $2.2 billion was observed on Monday, and $3.5 billion on Friday. On the other hand, Spot Ethereum ETFs are still experiencing outflows. On Tuesday, $14.2 million in exits was observed. This marks the 6th consecutive day of negative flows for Ethereum ETFs. These mixed signals coming from Bitcoin ETFs suggest a complex of market forces and investor sentiment, highlighting both the opportunities and risks in the evolving cryptocurrency landscape.

Bitcoin Price Analysis of the Last 24 Hours: Bitcoin Slumps to $83K

Bitcoin commenced trading yesterday at $84,485. It continued the downtrend from the previous day to rest at the $84,300 support. Twenty minutes into the day, a golden cross appeared on the MACD, and Bitcoin started ascending. Several minor corrections were observed but a general uptrend ensued till 8:15 UTC. At that point, the coin’s advances were rejected by the $86,000 mark. However, the bulls persisted, and Bitcoin continued to test the resistance. But, Bitcoin failed to break across and eventually faced a reversal with the 9:30 golden death cross. A correction occurred, after which Bitcoin spiked up with a golden cross. 

Chart 1: published on TradingView, April 16, 2025

But the golden cross could only push Bitcoin to $86,400. This upward spike met a sharp correction with a death cross at 13:55 as Bitcoin slumped to $84,950 by 14:30 UTC. An hour later, Bitcoin formed an extended downtrend, which would take it down to $83,100 by 1:00 UTC on April 15. With the market now heavily oversold, the Bitcoin price faced a reversal. However, the uptrend could only take Bitcoin to $83,950 before losing steam. Since then, Bitcoin has been down to test the support. 

Bitcoin Price Prediction: Can Bitcoin Recover Today?

Bitcoin’s performance has been impressive since last week. However, projections of a potential correctional phase were being made, and it seems like the correction has arrived. But as of the latest update, Bitcoin seems to have found the bottom of this phase and is ready to stage a recovery. $84,000 posed some resistance. But if it breaks, upward movements will be easier for the coin.