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The king of cryptocurrency is underperforming, as March has been marred by numerous negative announcements and additional tariffs. Expectations for this month revolved around other countries signing trade agreements with the U.S., similar to the UK. However, Canada, the EU, and China chose to stand firm, further diminishing hopes for April 2. What do experts have to say?
Bloomberg’s Insight on Bitcoin
According to Farside data, for the first time since March 5, BTC ETFs experienced net inflows. Following hundreds of billions in sales, ETF entries bolstered by ARKB saw a net increase of $13.3 million. Data for today’s inflows will be available in the coming hours and will be crucial, as only three net inflow days have occurred since February 24, and they were not consecutive.
If today also sees significant net inflows, the trend could pivot toward ETFs. One of the notable aspects of cryptocurrency is its strong market reaction to news, suggesting that the anticipated trade crisis in April may already be priced in.
ETF sentiment shifted positively, as Bloomberg analyst Eric pointed out. He noted that with net inflows expected today, this topic will gain significant attention:
“The graph shows Bitcoin 
$107,496 ETF inflows falling to $35 billion (down from a peak of $40 billion). Given a total market size of $115 billion, this indicates that over 95% of investments remained strong despite the painful 25% decline = Boomers show you how it’s done…”
What’s Next for Cryptocurrencies?
Daan Crypto Trades highlights BTC’s struggle to hold above the daily 200MA/EMA. This area is critical for medium and long-term trends and market direction. The daily chart shows that the 200EMA hovers around $86,000, aligning with last week’s CME GAP. This key point should be monitored closely, especially with the weekend approaching.
If the $86,000 mark is regained, investors may find some relief. Known for his optimism, Poppe wrote about the current state:
“This week’s PPI and CPI data were very positive.
These suggest inflation is not accelerating, making it easier for the Fed to potentially lower interest rates. I expect M2 supply to gain momentum, leading Bitcoin to restart its upward trend.”
