BULLISH 📈 : Bitcoin surges above $69,000 as ETF inflows rebound

Bitcoin surged to $69,550, the highest in over a week, after a swift ascent from $62,350. This rise coincided with US stock markets recovering, enticing investors to re-enter the market.

ETF Cash Inflows Resume

US-listed Bitcoin ETFs attracted $257.7 million on Tuesday, reversing five weeks of outflows totaling nearly $4 billion.
Fidelity garnered $83 million, while BlackRock’s iShares Bitcoin Trust received $79 million.
The inflow signals renewed institutional confidence amid a stabilizing macroeconomic environment.

Stock Market and Economic Factors

The broader stock market recovery partly tied to US President's State of the Union address, highlighting economic successes such as falling mortgage rates and a 1.7% drop in core inflation.
Markets interpreted the speech as a sign of reduced policy instability.

Spot Buying Drives Rally

Bitcoin's aggregated open interest decreased from over 240,000 BTC to 235,167 BTC, indicating traders closing positions rather than opening new ones.
Funding rates remain slightly negative at -0.0037%, suggesting short sellers are paying fees to those betting on higher prices.
The cumulative volume delta shows real purchasing activity is driving the move, not speculation.
Options market dynamics, including dealers' positive gamma positions, act as a shock absorber, smoothing price swings.