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CoinGape 2025-03-19 04:47:28

BlackRock Bitcoin ETF Inflows At Six Week High, Will BTC Price Regain $90K Quick?

Spot Bitcoin ETF inflows have once again come back into positive territory with BlackRock’s iShares Bitcoin Trust (IBIT) leading the flows. The BlackRock Bitcoin ETF scooped a total of 2,660 BTC yesterday hinting that the institutional demand is coming back once again. Market analysts are curious whether it will help BTC price regain $90K levels in a short time period. BlackRock Bitcoin ETF Records Highest Inflows in Six Weeks After a series of consecutive outflows over the last few weeks, the BlackRock Bitcoin ETF (IBIT) has now seen fresh flows coming in once again over the last two trading sessions. On Tuesday, IBIT scooped a total of 2,660 Bitcoins, worth a total of $217.26 million. This marks the highest single-day inflow for the ETF since February 4, 2025, reported analyst Trader T . Source: Trader T Trading activity around $IBIT also surged, with the ETF recording a substantial $1.6 billion in trading volume. This sharp uptick in inflows and activity underscores renewed investor interest in Bitcoin amid ongoing market developments. Institutional Demand for BTC On the Rise While the BTC price has faced huge volatility in recent times, on-chain data shows that long-term holders have continued to accumulate at every dip. As per the data from Glassnode, this Bitcoin cohort has accumulated a massive 167,000 BTC—valued at nearly $14 billion—in the past month. Source: Glassnode On the other hand, Michael Saylor’s MicroStrategy has announced plans to raise a massive $500 million for additional BTC purchases. The company, now operating under the name Strategy, has announced plans to issue 5 million shares of its 10.00% Series A Perpetual Strife Preferred Stock. Each share of the perpetual preferred stock is set at a stated value of $100. While the BTC price has been facing the brunt of the Trump tariff war, Bitwise CIO Matt Hougan said that it won’t stop Bitcoin from reaching $1 million in the long term. Will BTC Price Regain $90,000 Quickly? Although BlackRock Bitcoin ETF inflows resumed once again, the Bitcoin price is still flirting under $83,000 recently. Crypto analyst Ali Martinez has also pointed out that BTC faces rejection at the 200-day Simple Moving Average (SMA) at around $84,000. Additionally, the 50-day SMA is presenting an extra hurdle, positioned at the $91,000 mark. Source: Ali Martinez On the downside, if Bitcoin doesn’t hold above $80,000, it can further lead to a drop to $75,000 and lower. The Federal Reserve Interest rate decision coming on Wednesday would be crucial to deciding further BTC action from here. The post BlackRock Bitcoin ETF Inflows At Six Week High, Will BTC Price Regain $90K Quick? appeared first on CoinGape .

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