What to know : Bitcoin rebounded above $70,000 after a brief weekend sell-off to around $65,000, showing resilience as energy-market volatility eased. U.S. spot bitcoin ETFs have continued to attract institutional demand, with about $568 million in net inflows last week and cumulative net inflows now above $55 billion. On-chain, derivatives and prediction-market data indicate that conditions are stabilizing and trader sentiment is turning more bullish, even as overall conviction remains muted.
Bitcoin pushed back above $70,000 Tuesday morning East Asia time, completing a rapid recovery from a weekend selloff that briefly dragged the largest digital asset down to around $65,000.
The move higher came as volatility in energy markets eased after crude oil surged amid fears of disruptions in the Strait of Hormuz. Bitcoin dipped alongside risk assets during the initial shock but quickly stabilized in the mid $60,000 range — given Wall Street's insulation from the energy crisis — before climbing again as markets digested the geopolitical headlines.
Market maker Enflux said the cryptocurrency showed notable resilience despite the scale of the energy shock.
“Bitcoin dipped below 66k during the initial risk-off wave yet quickly stabilized back in the 66k to 68k range,” the firm said in a note to CoinDesk. “In relative terms, it held up better than equities and even some traditional hedges.”
Institutional demand has also remained supportive.
U.S. spot bitcoin ETFs drew about $568 million in net inflows last week, following $787 million the week prior, according to data from SoSoValue, pushing cumulative net inflows across the products above $55 billion.
Early data from SoSoValue shows that Monday’s U.S. inflows were about $57 million, though not all issuers had reported at the time of publication.
Onchain and derivatives indicators suggest the market is stabilizing after the recent volatility, though conviction has yet to fully return.
“Overall, conditions are stabilizing, with momentum, ETF demand, and profitability metrics improving modestly,” analysts at Glassnode wrote in a recent report. “However, capital flows remain soft, speculative participation is limited, and broader conviction has yet to fully return.”
Prediction markets also flipped more bullish as bitcoin rebounded.
On Polymarket, the odds that BTC will reach $75,000 in March jumped to about 56% on Monday from roughly 34% a day earlier, highlighting how quickly trader expectations shifted as the cryptocurrency reclaimed the $70,000 level.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
