BULLISH 📈 : Bitcoin Reaches $71k Amid $1.1B ETF Inflows And Strategy Buy

On March 4, 2026, Bitcoin (BTC) is valued near $71,000 following a significant capital influx of $1.1 billion into US spot Bitcoin ETFs over the past week.

Key Developments in Bitcoin Investment

US spot Bitcoin ETFs saw $1.1 billion in net inflows after a five-week period of outflows, indicating institutional recovery interest.
The IBIT ETF dominated daily inflows with 50% of $458.2 million, suggesting a shift towards larger issuers and impacting liquid supply by moving coins to cold storage.
BlackRock's Bitcoin ETF experienced its largest inflow in five months, totaling $767.47 million.
Yesterday's total net inflow for Bitcoin spot ETFs was $562 million, the highest in seven days.

Corporate Strategy and Accumulation

Strategy Chairman Michael Saylor announced an additional purchase of 3,015 BTC for approximately $201 million.
This acquisition increases Strategy’s holdings to 720,737 BTC, valued at around $54 billion at an average price of $75,985 per BTC.
Saylor’s actions underscore a trend where corporate treasuries consider Bitcoin as a long-term reserve asset rather than a speculative trade.

Market Implications

Bitcoin reclaims the $71,000 resistance level, challenging a bearish structure on the daily chart.
A sustained break above this price point with volume support could drive momentum toward new all-time highs.