Bitcoin Plunges Amid Trade Jitters and ETF Outflows, Analysts Eye Key Support Levels

Bitcoin experienced a significant downturn, dropping below $80,000 on February 27, 2025, amid escalating global trade tensions and anxieties over upcoming U.S. inflation data, according to RTTNews. The overall crypto market capitalization saw an overnight loss of over 6.5%, falling to $2.63 trillion before recovering slightly to $2.66 trillion. Bitcoin itself declined 6.5% overnight and 18.5% over the past week, trading at $80,639.73, which is 26% below its all-time high. Bearish sentiment was reflected in Bitcoin-based ETF outflows, which totaled $276 million on Thursday, following $755 million in outflows on Wednesday. Matrixport analysts suggest this correction could extend into March or April. As of today, 4.4 million BTC are at a loss, with the supply in profit dropping from 19.7 million to 15.3 million BTC, according to analyst Axel Adler. Bulls must defend the $80K mark and push BTC back above $85,500 to avoid further declines.