Bitcoin ETFs in the U.S. witnessed significant inflows last week, with analysts cautioning about potential price drops if demand weakens. Data from Farside Investors shows that the 10 ETFs attracted a total of $2.6 billion in new investments during the five days ending March 15. The majority of these inflows occurred early in the week, with a surge from Monday to Wednesday pushing BTC to nearly $74,000.

However, the momentum slowed towards the end of the week, with only $133 million and $198 million of net inflows recorded on Thursday and Friday, respectively. As a result, Bitcoin experienced a sharp decline over the weekend, dropping below $65,000.

Analysts like 10x Founder Markus Thielen highlighted Monday and Tuesday as crucial days, noting that a correction could be imminent if ETF inflows do not meet expectations following recent market volatility. The report suggests a potential retracement to $59,035, representing a 10% decrease from current prices.

Despite the possibility of a deeper correction, the report remains positive about the overall trajectory of the crypto market. Thielen commented that Bitcoin could potentially climb significantly higher in the coming months as the bull market continues. Reclaiming the $70,000 threshold could pave the way for further gains.

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