Bitcoin ETFs lost $143M as Trump's crypto reserve proposal fueled investor fears.
Ethereum ETFs broke an eight-day outflow streak, recording a $14.6M net inflow.
Bitcoinโs price rise triggered $479M in liquidations, affecting over 159,000 traders globally.
The U.S. spot Bitcoin ETF market is in turmoil, with net outflows nearly doubling overnight. Investors are pulling funds at an alarming rate, driven by growing uncertainty over President Donald Trumpโs controversial proposal for a national crypto reserve. On March 4, Bitcoin ETFs saw $143.43 million in outflows, triggering a wave of liquidations that wiped out millions in trader positions.
Meanwhile, Ethereum ETFs quietly staged a comeback, ending an eight-day losing streak with fresh inflows of $14.6 million.
With Bitcoin and Ethereum moving in opposite directions, the market is at a critical turning point. Hereโs whatโs happening and what it could mean next.
Bitcoin ETFs See Heavy Outflows
According to Farside data, Bitcoin spot ETFs recorded a total outflow of $143.5 million, nearly twice the previous day’s $74.19 million.
Fidelityโs FBTC and ARK 21Sharesโ ARKB led the outflows, losing $46.08 million and $43.92 million, respectively. Franklin Templetonโs EZBC also faced heavy selling, with investors withdrawing $35.71 million.
Other funds, including Bitwise, Invesco Galaxy, and WisdomTree, also saw outflows. However, Grayscaleโs mini Bitcoin Trust recorded a net inflow of $35.77 million, slightly offsetting the losses.
Bitcoin Price and Market Liquidations
Bitcoinโs price is trading around $87,620, reflecting a 5.4% gain. Despite the rise, the market saw a wave of liquidations, with traders losing $479 million in just 24 hours.
About 159,125 traders were affected, with the biggest single liquidation happening on Binanceโs XRP/USDT pair, worth $6.82 million.
Ethereum ETFs Break Losing Streak
After eight consecutive days of outflows, Ethereum spot ETFs saw a net inflow of $14.58 million on March 4. Fidelityโs FETH led with $21.67 million in fresh capital, while Grayscaleโs ETHE and mini Bitcoin Trust funds attracted $10.71 million and $8.46 million, respectively.
Meanwhile, BlackRockโs IBIT experienced $26.27 million in outflows, but this did not reverse the overall positive trend.
- Also Read :
- Crypto Price Prediction: How Are Trump’s New Policies Impacting Bitcoin and Altcoin Markets?
- ,
Ethereum Price Analysis
Ethereumโs price also showed some recovery, surging 6% to trade near $2,200. However, it still faces resistance around the $2,280 level, and if it fails to break through, another decline could follow below $1900.
On the other hand, if Ethereum fails to clear resistance, another drop below $1,900 could follow.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
Market swings, liquidations, and record-breaking inflows – just another day in the world of crypto.