TechFlow news, March 16 — According to LinChen, Head of APAC Business at Deribit, the U.S. spot Bitcoin ETF saw a net outflow of $829.9 million this week, reducing holdings by 10,358.34 BTC. Only on Wednesday was there a slight inflow of 160.44 BTC, with net outflows on all other days. Among them, BlackRock reduced its holdings by 4,239.38 BTC and Fidelity by 3,813.02 BTC. The current price hovers around $84,000, with the Fear & Greed Index at 30 (indicating fear), reflecting weak short-term market sentiment. Market confidence is being tested by the upcoming Federal Reserve meeting on March 20 and the tariffs set to take effect in April.
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