Bitcoin News: Brazil Bans Major Pension Funds From Cryptocurrency Investments

In a significant move that could impact the cryptocurrency market, Brazil’s top financial policy body has imposed restrictions on pension funds’ investments in digital assets.

Brazil Bars Major Pension Funds From Investing in Cryptocurrencies

Brazil’s top financial policy body, the National Monetary Council (CMN), has banned some pension funds, known as Entidades Fechadas de Previdência Complementar (EFPCs), from investing in cryptocurrencies due to their high risk. The EFPCs manage retirement savings for tens of thousands of unionized and company-employed workers, typically investing in bonds and equities. The ban, published under Resolution 5.202/2025, prohibits these funds from allocating any portion of their guarantee reserves into Bitcoin (BTC) or other digital currencies. A Ministry of Finance notice states that the resolution also prohibits investments in virtual assets, considering their specific investment characteristics and associated risks.

Big Bitcoin (BTC) Predictions Falling Apart

Influencers hyped Bitcoin with extreme targets, but an analyst warned of a correction and predicted a 30% drop. A list of “Top 10 Offenders” is planned to expose hype-driven predictions. Egrag aims to buy BTC at $30K–$35K, suggesting caution and believing the current rally may be nearing its peak. A controversy has arisen as a social media market voice criticized exaggerated targets made by key opinion leaders, accusing large BTC holders of encouraging hype and fear by manipulating their followers with bold predictions.

Bitcoin ETFs See $93.2M in Net Outflows After 10 Straight Days of Inflows

After ten consecutive days of positive inflows into spot Bitcoin ETFs, March 28 marked the first day of negative flows since March 13. Total net outflows amounted to $93.2M, breaking a strong streak of investor demand. The outflows were concentrated solely in Fidelity’s Bitcoin ETF, with no other ETF experiencing significant changes in flows that day. This suggests the movement was specific to Fidelity rather than a market-wide trend. The rest of the major ETFs, including those from BlackRock, Bitwise, ARK 21Shares, Grayscale, and others, reported flat flows, indicating a pause in activity across most issuers.

Crypto Whales Trigger Massive Accumulation Ahead of Bull Run

CryptoQuant reports that seasoned investors are now holding, with low VDD indicating strong accumulation trends. Historical data shows low VDD phases often precede price surges, hinting at a possible Bitcoin rally ahead. The shift from quick sell-offs to strategic holding suggests a more confident and stable bullish market outlook. The analytical platform also highlighted four major phases of accumulation in this bull cycle, each reflecting increased strategic buying from market participants.

Saylor Buys the Dip: 22,000 BTC Acquired Amid Bitcoin Drop

As Bitcoin wavers below $85,000, Michael Saylor, the crypto icon, challenges the turmoil. His company, Strategy (formerly MicroStrategy), has invested $1.9 billion to purchase 22,000 BTC. In a market affected by Trump’s protectionist announcements and macroeconomic uncertainty, Saylor showcases unwavering conviction that Bitcoin is the ultimate digital asset. By acquiring 22,048 BTC at $86,969 each, Saylor exploits the decline as an opportunity. Strategy now holds 528,000 BTC, accounting for 2.5% of the total supply, a new record. The average purchase price is $67,458.