Odaily News According to Lin Chen, head of Asia Pacific business at Deribit, the BTC ETF still had a net outflow of 829.9 million US dollars this week, with a total reduction of 10,358.34 BTC. Only a small inflow of 160.44 BTC was seen on Wednesday, and the rest of the time was a net outflow. Among them, BlackRock reduced its holdings by 4,239.38 and Fidelity reduced its holdings by 3,813.02. The current price is hovering around 84,000, and the market panic greed index is 30 (fear). The short-term market sentiment is low. The Federal Reserve’s interest rate meeting on March 20 and the tariffs to be implemented in April are challenging market confidence.
At the same time, ETH ETF funds outflow was tragic this week - the total weekly net outflow reached 189.9 million US dollars, and a total of 99,266.82 ETH were reduced. Among them, BlackRock reduced its holdings by 33,776.47, and Fidelity reduced its holdings by 31,695.05, with heavy selling pressure. The price of ETH has fallen below the 2,000 US dollar mark, and the ETH/BTC exchange rate has also continued to fall, currently only 0.0229.