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

BlackRock Bitcoin ETF (IBIT) scooped a total of 2,660 BTC on Tuesday worth $217 million while BTC price face rejection at 200 SMA.
By Bhushan Akolkar
March 19, 2025
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BlackRock Bitcoin ETF Scoops 5250 BTC As BTC Price Knocks Past $100K

Highlights

  • BlackRock's iShares Bitcoin Trust (IBIT) recorded its highest single-day inflows in six weeks, adding 2660 BTC.
  • Long-term Bitcoin holders have accumulated 167,000 BTC—worth $14 billion—in the past month.
  • Bitcoin currently trades under $83,000, following rejection at the 200-day SMA ($84,000).

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.

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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.

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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.

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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.

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Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.