Bitcoin ETFs recorded over $250 million in net inflows on March 17, the highest since Feb. 4. Despite renewed institutional interest, BTC price remains below $85,000 as traders await the FOMC rate decision.
BTC ETF inflows hit highest level since Feb. 4
Bitcoin’s spot exchange-traded funds (ETFs) recorded over $250 million in net inflows on March 17, the largest single-day increase since early February. The surge in institutional demand comes after five consecutive weeks of outflows totaling $5.4 billion, per SoSoValue data.
According to Farside Investors, all major Bitcoin ETF issuers reported positive inflows, including Fidelity, BlackRock, and Grayscale. Fidelity’s FBTC led with $127.3 million, followed by ARK Invest’s ARKB at $88.5 million.
BlackRock’s IBIT added $42.3 million, while Grayscale’s GBTC, which had seen persistent outflows in recent weeks, received $14.2 million.
Despite the inflows, Bitcoin’s price remains locked below $85,000, struggling to break through key resistance.
Bitcoin price consolidates ahead of FOMC rate decision
BTC/USD is trading near $83,000 after failing to secure a daily close above $84,600. Since March 12, Bitcoin has repeatedly tested the $85,000 level but has been unable to sustain momentum.
The market is now eyeing the Federal Open Market Committee (FOMC) meeting on March 19, which could trigger increased volatility.
CME’s FedWatch tool shows a 99% probability that the Federal Reserve will maintain interest rates at 4.25%–4.50%, leaving traders to speculate on Chairman Jerome Powell’s comments regarding future policy shifts.
“Crypto markets could see a short-term rally if the Fed signals future rate cuts,” Bitget Research chief analyst Ryan Lee noted. “However, a hawkish stance could reinforce tighter financial conditions, impacting risk assets.”
Traders split between $95K rally or deeper correction
The uncertainty surrounding Bitcoin’s next move has divided analysts. While some see potential for an upside breakout, others warn of a correction toward key support levels.
“Everyone is asking me about the next BTC move,” trader Lucky posted on X. “There are two possibilities: a push toward $95K or a dip to $73K.”
Meanwhile, trader Merlijn The Trader pointed to technical weakness, stating that Bitcoin had broken down from a rising wedge formation and could target $78,000 if bulls fail to regain control.
On-chain data suggests institutional investors may be regaining confidence after weeks of hesitation. If ETF inflows continue, Bitcoin could build enough momentum to reclaim its all-time high of $108,786. However, if price action remains sluggish, a retest of $80,000 or lower remains a possibility.
