Bitcoin's price fell sharply to below $65,000 on April 2, a 7% drop from the previous day, triggering $250 million in market liquidations.

US Bitcoin ETFs experienced mixed net inflows, totaling $39.47 million on Tuesday, despite the price drop.

Analysts see the price correction as a normal part of the market cycle, often associated with profit-taking.

The Grayscale Bitcoin Trust (GBTC) faced net outflows, while BlackRock's iShares Bitcoin Trust (IBIT) saw a significant net inflow of $150 million.

Cathie Wood's ARK 21Shares Bitcoin ETF recorded its largest ever outflow of $87.5 million, overtaking GBTC for the first time.

ProShares launched two new Bitcoin ETFs, attracting investor attention with products tracking double the daily performance of Bitcoin and its inverse.

Trading volume for Bitcoin ETFs hit a record $111 billion in March, with BlackRock's IBIT capturing half of the volume, indicating robust demand.

Predictions for Bitcoin's future price are mixed, with some analysts forecasting a high of $88,000-$90,000 by month-end, while others expect a potential drop to $42,000.

Bitcoin is currently priced at $66,125, a 5% decline over the past week, highlighting the market's volatility.