Bitcoin faced a sell-off on March 12, 2025, as Wall Street sellers re-entered the market amid a temporary relief from lower-than-expected US CPI inflation data, which indicated a cooling trend with the headline CPI at 2.8% and core CPI at 3.1%. Although Bitcoin reached a three-day high of $84,437, it quickly reversed to around $82,400, showing a consolidation phase. Analysts noted cautious optimism regarding Bitcoin's pricing, suggesting that it might be in the process of exiting a recently filled CME gap, which could confirm bullish trends if support is established around $82,000. However, significant net outflows from Bitcoin ETFs highlighted growing caution among institutional investors, particularly with Grayscale’s Bitcoin Trust decreasing BTC holdings significantly. Overall, while inflationary pressures seemed to ease, market conditions remain volatile, affecting both retail and institutional sentiment.

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