The Bitcoin ETF records an influx of $274.6 million after a five-week outflow streak. Are there any incoming calls in BTC prices?

Bitcoin exchange trade funds recorded an influx of $274.6 million on March 17, sparking speculations of a potential reversal.

The Bitcoin (BTC) ETF experienced a notable turnaround, ending its spill streak on March 17 with a massive spill totaling $274.6 million, marking its highest daily inflow since February 4. ARKB was second in, recording a new influx of $88.5 million, with BlackRock's IBIT, Grayscale's Bitcoin Fund at $14.2 million and Bitwise's BITB at $2.3 million. None of the funds recorded net outflows on the day.

While these numbers seem encouraging, it is important to note that Bitcoin ETF has finished its five-week spill of nearly $5.4 billion, according to data from SoSoValue. This was driven primarily by the macroeconomic uncertainty that follows after Trump introduced tariffs. This offset the positive impact of efforts to buttress Bitcoin and other assets by including them in strategic reserves.

Meanwhile, Bitcoin prices currently combine levels of around $83,000, and are currently trading at $82,883. The 20-day exponential moving average is $85,559, serving as BTC for dynamic resistance levels. Not regaining the 20-day EMA suggests that the bear is under control. If the price can break and hold resistance above $85,500, then the transition from $88,000 to $90,000 could be on the horizon. However, if you fall below the $82,000 support, there could be an additional downside for the next level of support at $80,000.

However, as wider trends suggest long-term bullishness when zoomed out, the $274.6 million inflow on March 17 could be a signal of new institutional trust after a long period of outflow.

According to trader Coinbo, Bitcoin prices have recently broken up from the cup and handle pattern, forming a bullish flag pattern, indicating a potential rally towards $125,000 in the coming months. So, if Bitcoin can regain its main resistance level, bearish integration around the $82,000-$83,000 level could serve as the basis for the next upward movement.