BlackRock Pulls Out a Whopping $115.9M from Bitcoin Trust: Is the Crypto Market in Trouble?

Data shows that IBIT, the iShares Bitcoin Trust managed by BlackRock, began losing $115.9 million on April 3rd 2025. BlackRock Bitcoin Trust (IBIT) experienced a massive outflow of $115.9 million, sparking concerns about Bitcoin ETF outflows. Since IBIT launched, the fund has seen one of its top-ever withdrawals on April 3, 2025. The recent withdrawal from IBIT is part of a larger trend of Bitcoin ETF outflows and may impact Bitcoin price prediction models.

Understanding the Impact of Bitcoin ETF Outflows on the Cryptocurrency Market

The strong money withdrawal from IBIT follows an increasing movement pattern within Bitcoin exchange-traded funds (ETFs). BlackRock’s IBIT experienced $72.7 million worth of money leaving the fund, which brought an end to sixteen continuous days of investor cash flow into the account during the late December point in time. The Wise Origin Bitcoin Fund (FBTC) managed by Fidelity, experienced an outflow of funds totaling $208.5 million on December 19, 2024. Investor sentiment, along with market volatility, seems to be reaching peaks based on these noticeable movements within cryptocurrency markets. ​

As the largest asset manager in the world, BlackRock Bitcoin Trust plays a significant role in shaping Bitcoin ETF outflows and the broader cryptocurrency market. Market outflows matched Bitcoin price movements that triggered a decline from $92,175 to $98,431 during December 2024. Various market trends that impact Bitcoin prices can be explained by U.S. Federal Reserve monetary policies and broader economic instability. All market participants must follow cryptocurrency market developments because they may create major effects on its upcoming performance. 

Bitcoin Price Prediction: Will ETF Outflows and Market Volatility Send Bitcoin to $87K?

High price volatility dominates the Bitcoin 5-minute trading period on Binance that features an immediate upsurge followed by brisk price regression. The price unsuccessfully attempted an upward breach of $87,000 because powerful resistance intervened. The market price showed an obvious downward movement from its peak as Bitcoin moved toward the support area between $82,000 and $83,000 until buyers entered to stabilize the trend. BTC markets are at present demonstrating consolidating price activities within an $83,000 – $84,000 range, thus trying to establish new strength.

Analyzed by Triparna Baishnab, published on TradingView (April 3, 2025)

A price movement exceeding $84,000 will create new possibilities for reaching the previous peak. Insufficient support will likely steer the market into an additional ongoing decrease. Technical indicators signal important point changes during market shifts. RSI (Relative Strength Index) crossed overbought twice before the market trend transition showed sellers entering the market. The price fell below overbought zones, which indicated market conditions suitable for a possible trend change.

After a significant price drop, the MACD indicator showed a positive trend change when it produced a Golden Cross pattern. The bearish momentum obtained confirmation from a Death Cross formation right before the price drop occurred. The cryptocurrency will likely experience additional price gains provided that both the RSI index stays above 50 and the MACD indicator shows an ascending pattern. Besides monitoring support and resistance levels and RSI movements and MACD crossovers, traders need to confirm upcoming direction trends in the market.

Will the massive withdrawal from BlackRock Bitcoin Trust spark a wider market downturn?

BlackRock Bitcoin Trust (IBIT) saw a massive $115.9 million withdrawal on April 3, 2025, marking one of its largest outflows. During late December 2024 Fidelity’s Wise Origin Bitcoin Fund (FBTC) along with other Bitcoin ETFs experienced $208.5 million in investor withdrawal. The traditional investment tool BlackRock Bitcoin Trust (IBIT) permits investors to buy Bitcoin through a securities-based format.  The price movement of Bitcoin matches postures which result from U.S. Federal Reserve decisions and global economic instability.

Bitcoin maintains high volatility because it failed to cross above $87,000 and now hovers around $83,000 to $84,000. RSI indicated two signals of overbought conditions before market sellers entered, and MACD showed bearish momentum before the market decline. Bitcoin could break past its resistance barriers once RSI maintains a value above 50 and MACD shows an upward direction. Traders need to observe additional verification signals before taking any trading actions.