Bitcoin ETF Inflows Spike to $200M, Can BTC Price Break $80K in March?

Key Insights:

• US spot Bitcoin ETFs have continued the inflow streak with nearly $200 million capital influx on Monday.
• BlackRock’s IBIT recorded the largest inflow of $169.3 million.
• The strong BTC ETF performance has fueled hopes of Bitcoin price rallying to the psychologically critical $80,000 level.

Bitcoin’s (BTC) institutional demand has once again strengthened this week as U.S spot ETFs registered close to $200 million in daily inflows.

As crypto ETFs gain momentum, BlackRock’s IBIT Bitcoin ETF led the charge with the highest inflows among other funds. Analysts are now optimistic on BTC price soaring above $80,000 in March.

A Look at Bitcoin ETF Inflow Data

According to data from Farside UK, BTC ETFs witnessed a good recovery in inflows following early March volatility. The total net inflows in the current market were about $199.4 million on Monday, March 17.

The BlackRock Bitcoin ETF accounted for the largest share at $169.3 million, while Fidelity Investments followed with $24.4 million. Moreover, previous records also indicate sustained institutional interest, with a March 10 Bitcoin ETF inflow of $246.9 million and a $167.1 million influx on March 9.

The overall pattern indicates a turnaround for Bitcoin ETFs in February and March as net withdrawals reached $227.9 million on March 5 and $348.9 million on March 6.

The reversal commenced with a large inflow of $458 million on March 2, in which IBIT contributed over $263 million. This revival in crypto ETF demand has coincided with Bitcoin price stabilizing in the low-to-mid $70,000 range.

The Kalshi prediction market platform has also stirred the market sentiment around BTC price surging to $80,000. In a post on X, they wrote, “Our traders forecast Bitcoin will hit $80,000 this month.” The platform betting chart 2.87K votes in favor of BTC hitting the much-awaited target.

Analyst Points to Bitcoin Price’s Technical Standpoint

Despite strong Bitcoin ETF inflows, technical indicators suggest a subtler picture. Crypto analyst Ted Pillows argued that Bitcoin’s current structure can be explained as a recurring pattern across previous market cycles.

He remarked, “During an uptrend, $BTC always has a false breakdown below the support zone. During the downtrend, Bitcoin has a fakeout above the resistance zone.”

Bitcoin price chart technical analysis | Source: Ted Pillows on X

Ted Pillows shared a chart that spotlights a preceding rising wedge breakdown in January, which triggered a drastic slump below the $60,000 territory. The same arrangement seems to be taking shape as BTC traded in an upward channel and challenges the resistance area between $73,000 and 76,000.

The recent move above this range resembles what he describes as a “fakeout” during a downtrend. However, in case of a sustained breakout, things could change drastically.

He added, “Just like BTC broke above $94,000 in Jan 2026, it’s possible that BTC could reclaim the $76,000 zone and pump as high as the $80,000 level.”

Meanwhile, the projected direction for BTC price also flagged a downside risk. Thus, Ted Pillows cautioned, “But after that, a dump is inevitable.”

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