BlackRock IBIT hits key support level! Bitcoin ETF fund flows reverse, technical indicators release bullish signals.

As the price of Bitcoin's upward momentum slows, the world's largest Bitcoin ETF—iShares Bitcoin Trust (IBIT)—has retreated to the key support level of $63.80 this week, down 8.4% from its peak. Data shows that IBIT recorded a net outflow of $77 million on Tuesday, and the overall fund flow for spot Bitcoin ETFs also shows a weak trend, with over $1.4 billion flowing out this month. Technical analysis indicates that Bitcoin has formed a bullish flag pattern and has completed a retest of the key support level. If it holds the $112,000 level, it could provide a rebound opportunity for IBIT and the spot Bitcoin ETF.

IBIT touches the support level, ETF capital inflow momentum weakens The iShares Bitcoin Trust (IBIT) has fallen back to a key technical support level as the momentum of Bitcoin prices weakens. This week, the ETF price dropped to a low of $63.80, a decline of 8.40% from the peak earlier this year, but still about 51% higher than the lowest point in 2025.

SoSoValue data shows that the fund's capital inflow momentum has significantly slowed down. On Tuesday, IBIT recorded a net outflow of 77 million USD, causing its total assets under management to drop to 83.8 billion USD. Since its inception, the ETF has accumulated a net inflow of 57 billion USD. As the most successful ETF product in history, IBIT's total assets once surpassed the peak of 86 billion USD in July, and it is now the eighth largest and most profitable ETF fund under BlackRock. This month, other Spot Bitcoin ETFs also performed poorly. On Tuesday, there was a total net outflow of 196 million USD, causing the cumulative fund outflow for the month to exceed 1.4 billion USD.

Is the current IBIT price worth buying? Technical Analysis shows bullish signals The price trend of the IBIT ETF is highly synchronized with the performance of Bitcoin, so predicting its direction requires an in-depth analysis of the technical patterns of Bitcoin prices. The daily chart shows that the price of Bitcoin has been continuously retreating since it reached a high of $123,192 on July 14, dipping to a key support level of $112,000 (this level is an important technical threshold since May 23). Currently, Bitcoin has formed a typical bullish flag pattern – this technical structure, composed of vertical rising and falling channels, usually indicates that the trend will continue. At the same time, BTC has completed the "breakout-retest" pattern, falling back to test the 112,000 USD support level, and such retests are often regarded as a signal for trend continuation. In addition, the price of Bitcoin has achieved mean reversion through a pullback, touching the 50-day Exponential Moving Average (EMA), and successfully backtested the rising trend line formed since the low in April.

Technical analysis support rebound expectations, IBIT may rise in sync with Bitcoin Comprehensive Technical Analysis indicates that Bitcoin is most likely to experience a rebound towards the historical high of $123,192. If it effectively breaks through this resistance level, it will confirm a bullish breakout and may drive the BTC price towards the target level of $125,000. In this scenario, the IBIT ETF, which closely tracks Bitcoin prices, is also expected to rebound in sync.

【Conclusion】 Despite recent outflows of funds facing the Spot Bitcoin ETF, key technical patterns for Bitcoin have released positive signals. The stabilization of IBIT at key support levels, combined with bullish flags and successful retests of technical resonance, provides an important observation window for crypto investors seeking to position themselves in the Bitcoin ETF at lower levels. The next phase of the market will depend on whether Bitcoin can effectively launch a counterattack relying on the $112,000 support.