There were $836 million in net outflows between March 18 and March 21, the report said.

Hardly any value is being moved on-chain, a sign nobody wants to sell, one analyst said.

Over $100 million in bitcoin and ether shorts have been liquidated over the past 24 hours.

U.S.-listed spot bitcoin ETFs saw over $830 million of outflows so far this week, and are poised for the first negative week since late January.

The latest price moves in bitcoin (BTC) and crypto markets in context for March 22, 2024.

Fantom's impending Sonic upgrade, expected to boost transaction processing speeds, may have galvanized investor interest in the cryptocurrency.

The pace of net inflows into spot bitcoin ETFs has slowed considerably, with a significant outflow recorded in the past week, the report said.

The market might take a breather this weekend, says Singapore's QCP Capital.