- Bitcoin faces its worst Q1 close since 2018, dropping 11.86% in Q1 2025, per Coinglass data.
- Fidelity’s FBTC recorded $93.16M in outflows, ending a 10-day Bitcoin ETF inflow streak.
- Bitcoin struggles below $85,000 as 62.3% of traders expect further price declines.
The price recovery of Bitcoin experienced a rapid downswing eliminating all recent price increases. The market is conservative since investors worry about upcoming April 2 tariffs and strong core PCE data outcomes. BTC maintains a current trading value of $82,289 after a 1.7% decrease in its value throughout the last 24 hours. The present bearish trend indicates Bitcoin will experience its longest first-quarter market downturn since 2018.
According to Coinglass metrics, the Bitcoin price dropped by 11.86% throughout Q1 2025, surpassing Q1 2020’s 10.83% loss without reaching the 49.7% Q1 2018 dip. Current market analysis demonstrates that traders have taken on more short positions since the long/short ratio dropped to 0.6051. Trading experts predict BTC will decrease in value as more than 61% of market participants project downward price action but less than 39% expect price growth.
Bitcoin ETFs Experience Outflows After 10-Day Inflow Streak
The recent BTC price reduction occurred at the same time as reduced investments from spot Bitcoin ETFs, which strengthened bearish market perspectives. Fidelity’s FBTC experienced $93.16 million worth of withdrawals on Friday, thus ending its longest recorded annual series of inflows, which had spanned ten straight days. Institutional demand showed volatility when FBTC recorded $97.14 million in inflows on the day before the reported figure.
All U.S.-based ETFs currently show $2.22 billion in total trading volume although market sentiment stays guarded. The demand for BTC continues to exist at a restrained rate despite institutional investors neither actively decreasing their risk profile nor pursuing excess risk reduction efforts.
Key Support and Resistance Levels for Bitcoin
Bitcoin encounters strong selling pressure at $85,000, which prevents the price from surmounting this level. When buyers establish control above $85,000, BTC’s price may move upward toward $90,000. A lack of successful price recovery at $85,000 would trigger more price drops, which could drive BTC toward $80,000 support.
Market involvement has decreased as the cryptocurrency’s open interest decreased by about 4.5% throughout the last 24-hour period. Fewer market participation reflected by declining open interest often produce short-term calm conditions in market prices.
During the closing period of Q1 2025, market observers will examine BTC price development together with institutional market involvement patterns. The forthcoming period will demonstrate whether BTC prices will strengthen or decline deeper after experiencing recent weaknesses.
