Bitcoin ETF Outflows Hit 225M as BTC Breaks Key Support

At the same time, derivatives pressure has made the drop sharper. CoinGlass data showed roughly $449.9 million in crypto liquidations over 24 hours, with long positions taking most of the hit.

Options expiry also added noise, with reports pointing to a $14 billion bitcoin expiry event that pulled the price toward major liquidity zones.

This helps explain why Bitcoin ETF outflows now carry extra weight. When ETF redemptions arrive during a fragile tape, they can reinforce existing weakness rather than create it.

That is why the market reaction felt outsized relative to the headline number alone.

Bitcoin ETF Outflows leave BTC price at a key chart level

From a chart standpoint, the market has entered a sensitive zone. Bitcoin is hovering near $65,000 to $66,000, an area trader Ted Pillows called an “important support zone.”

He argued that holding this band could open the door to a 6% to 8% rebound.

Bitcoin Price in Focus Amid ETF Outflows | Source: X

Still, the near-term structure remains shaky. The BTC price has struggled to reclaim the $68,000 to $69,000 area, and that region now looks like firm resistance after repeated rejections. As long as bitcoin stays below it, sellers keep the short-term edge.

Below the market, $65,000 is the first level for BTC price that traders are defending. A clean break there could expose $63,900 and then $62,500, both areas that stand out as stronger demand zones in recent trading commentary.

Amid the Bitcoin ETF fund flow data, investors are keeping a close track of these price levels. On the other side, a quick reclaim of $68.4K to $69.2K would ease immediate pressure and put $70,000 back in view.

Recent reports also placed spot bitcoin near $66,300 to $66,500 on March 28, showing that the price is still sitting right on the edge of that decision zone.