Bitcoin News: Bitcoin ETF Inflows Plummet 73% Amid Waning Institutional Confidence

Recent data reveals a significant shift in sentiment among institutional investors towards Bitcoin ETFs, with inflows crashing by a staggering 73% in just one week. This sudden change in trend raises questions about the future of these financial instruments and the broader implications for the cryptocurrency market.

Bitcoin ETF Inflows Crash 73%—Is Institutional Confidence Fading Fast?

The spot Bitcoin ETF market saw a significant decline in inflows over the past week, dropping by 73.6 percent to $196.48 million from $744.35 million the previous week. A $93.16 million outflow on March 28 ended a 10-day inflow streak. The market reaction was prompted by broader negative trends in equity markets, which caused investors to reevaluate their risk positions. As sentiment weakened, spot Bitcoin ETFs reflected the pressure.

Bitcoin: Crucial Group in Extreme Distress – Implications for BTC Future

Bitcoin’s price has been experiencing a downward trend, dropping by 1.4% over the past week and hitting a low of $81k. This has caused a state of panic among short-term investors, with data from CryptoQuant indicating extreme fear and selling activity. Both whales and retailers are selling, indicating a strong lack of market confidence in Bitcoin’s future.

Larry Fink Warns Bitcoin Could Threaten U.S. Dollar’s Dominance

BlackRock’s CEO, Larry Fink, has expressed concerns about the status of the U.S. dollar as the global reserve currency. Fink warned in his annual letter to shareholders that the escalation of U.S. debt and continuous deficit could undermine its reserve currency status. He further stated that if current economic trends persist, Bitcoin and other digital assets could diminish the dollar’s status. Fink recognized the potential of digital assets, although he acknowledged that they pose risks to the U.S. economy.

Brazilian Judge Allows NFT Subpoenas to Bitcoin Wallets in Fraud Case

A court in Brazil has authorized the use of non-fungible tokens (NFTs) to notify unidentified defendants in a case involving missing Bitcoins (BTC) tied to an alleged pyramid scheme, BWA Brazil. The decision stems from legal action filed by the court-appointed trustee of BWA Brazil’s bankrupt estate, seeking to interrupt the statute of limitations on claims related to crypto assets allegedly acquired using creditor funds. The estate requested that the court permit digital service of process by minting NFTs containing the relevant legal documents and transmitting them to wallet addresses involved in the initial transactions. The Public Prosecutor’s Office submitted a favorable opinion supporting the trustee’s petition.

Whales Suppress BTC Price Below $85K

Bitcoin (BTC) price remains trapped below $85,000. On-chain and technical indicators suggest whales may be controlling recent price action. Despite recovering from a sharp weekend drop to $81,600, BTC’s upward momentum remains capped amid warnings of spoofing, reduced global liquidity, and looming resistance levels. Data from Material Indicators co-founder Keith Alan points to persistent spoofing behavior manipulating Bitcoin’s order book, with large-volume ask orders repeatedly halting BTC’s gains NEAR $87,500, while bids laddered down to $78,000 signal a coordinated effort to buy the dip.