Bitcoin slips below $67k as ETF outflows curb risk appetite
Key takeaways
BTC is down 2%, erasing the recovery earlier this week,
US-listed spot ETF recorded an outflow of $173.73 million on Wednesday, breaking its two days of inflow this week.
Bitcoin faces continued losses amid weaker institutional demand
Bitcoin (BTC) prices continued to decline on Thursday, trading below $67,000, almost completely erasing the recovery from earlier in the week. Institutional demand also appears to be faltering, as spot Exchange Traded Funds (ETFs) experienced a significant outflow of over $173 million on Wednesday, ending a two-day streak of inflows.
This decline in demand coincides with a growing sense of bearish sentiment in the market, which is further amplified by US President Donald Trump’s recent remarks suggesting an escalation of the ongoing conflict.
On Wednesday, President Trump addressed the nation, warning that the ongoing conflict could drag on until late April. He stated that the US would take extreme measures over the next two to three weeks, including threats to attack Iranian power plants and send Iran back to the “stone age” if no agreement is reached.
These statements have dampened hopes for de-escalation, which in turn has reduced investor appetite for riskier assets. The US Dollar (USD) and Oil prices have risen as a result, while US equities and other risk assets have suffered, effectively erasing the gains Bitcoin saw earlier this week.
Data from CoinGlass indicates that institutional interest in Bitcoin remains uncertain. Spot Bitcoin ETFs saw a significant outflow of $173.73 million on Wednesday, following two days of positive inflows earlier this week. This suggests indecisiveness among institutional investors, who appear hesitant to increase exposure to risk assets amid ongoing market uncertainty.
According to Glassnode’s weekly report on Wednesday, Bitcoin remains trapped within a broad trading range of $60,000 to $70,000. While the market shows early signs of stabilization, it has not yet shown enough momentum to break decisively in either direction.
The report indicates that Bitcoin’s on-chain conditions reflect a continued period of repair, with elevated supply in loss and long-term holder capitulation still not fully resolved. However, spot demand has shown some improvement, signaling that sellers are not entirely in control of the market anymore.
Bitcoin Price Forecast: BTC could record further losses
The BTC/USD 4-hour chart is bearish and efficient as Bitcoin is trading below $66,400 on Thursday, erasing the recovery from earlier this week. The near-term bias is mildly bearish.
Bitcoin remains capped well below the clustered 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs) between roughly $70,800 and $84,800, which reinforces downside pressure despite the recent bounce attempts.
Currently, the technical indicators are bearish. The Relative Strength Index (RSI) on H4 sits at 51, just above the midline.
The Moving Average Convergence Divergence (MACD) remains below the signal line, indicating persistent selling pressure.
If the market continues its decline, sellers would meet immediate support at $65,900. Breaking this level would expose the key psychological level at $60,000.
On the flipside, if the bulls regain control of the market, they would encounter resistance at the $69,200 level, with the major resistance around $72,600.
A daily close above $72,600 would signal a bullish break from the sideways structure and open the door toward the 100-day EMA near $76,400.
The post Bitcoin slips below $67k as ETF outflows curb risk appetite appeared first on CoinJournal.
Filed under: Bitcoin - @ April 2, 2026 11:28 am