ETF inflows and short covering push Bitcoin back to $73,000
Bitcoin jumps above $70k; $200m ETF inflows and short covering drive rebound
Bitcoin reclaimed $70,000 and tested $73,000. CryptoQuant ties the move to ETF demand and a short squeeze.
Volatility spiked from late January to early March 2026. Price dipped to the mid‑$60,000s, then rebounded toward ~$73,000 in early March (CryptoQuant).
Geopolitics hit risk assets on Feb 28. Reports of a US–Israel strike on Iran weighed on markets. CryptoQuant notes Bitcoin slid to ~$63,000 on Feb 29.
Stabilization followed fast. By Mar 2, price was back near $70,000 (CryptoQuant).
Momentum built on Mar 4–5. Price pushed above $73,000 as investors reassessed conditions (NewsBTC).
- ETF flows returned. Early March saw several hundred million dollars into US spot ETFs. Mar 4 alone topped $200m (CryptoQuant).
- Derivatives aided the squeeze. Open interest jumped. Funding turned negative. Shorts unwound and were liquidated as price rose (CryptoQuant).
On‑chain signals are mixed. The 90‑day Realized P/L Ratio stays below 1.0. More coins sit at unrealized losses. Yet the Coinbase Premium Index turned positive, hinting at recovering US demand (CryptoQuant).
Technicals improved. Price reclaimed the 50‑ and 100‑period MAs. The 200‑period MA near ~$74,000 is next resistance. Volume expanded on the breakout. Holding above $70,000 would set support. A failure risks a $68,000–$69,000 retest.
