Bitcoin ETF Investors Still Down $5K Amid Renewed Institutional Demand

Current Price Momentum

I noticed that Bitcoin hit $76,000 on March 17. This price is the highest it has been since early February so you should pay attention. Many funds were empty before but this rally brings new life to the market.

Institutional Flow Reversal

Axel Adler Jr. says that big groups added about 26,600 BTC to their spot ETFs. I think this 2% increase in total holdings proves that people wants to buy again. You saw negative flows back in February when 1,883 coins left every single day. The seven day average is now about 1,472 coins per day which is much better. Check your account because you are probably still losing money on this trade.

Unrealized Losses Still Heavy

Adler believes the average price where people break even is $79,962. I see that you are likely down about $5,174 for every Bitcoin you own. This gap creates a wall because people wants to sell as soon as they get their money back.

Potential Resistance at $80,000

Adler thinks a price above $79,962 will signal a big change in the market. You need to watch for more than 2,000 coins being bought every day. If those two things happen then the market will move from shaky to strong.

Broader Market Snapshot

Data from CoinGecko shows the price went up 5% in just one week. You should know the price is still 11% lower than it was one year ago. I know it is also 41% lower than the all time high price it ever reached.

Outlook

Keep your eyes on the $80,000 line to see what happens next. I expect more buying from big firms to lead us to a real breakout. Prepare yourself for a big drop if the buying stops suddenly.