Bitfinex Report: Bitcoin Returns to Above $70000, Institutions Attract Funds in Range or Intend to Break Market Trend Odaily Planet Daily News: Bitfinex Alpha's latest report points out that Bitcoin has regained its position at the $70000 mark before the Federal Reserve's March 18th interest rate meeting (FOMC) this week, and market momentum has significantly rebounded. Although the price has not yet broken through the current high point of the range, the recent four consecutive trading days of net inflows of spot ETF funds and sustained spot buying indicate that institutional investors are continuing to attract funds within the range, and the market is shifting from the previous clearing driven volatility phase to a more stable "suction style" structure. On chain and derivative data also show an improvement in market structure, with funding rates remaining neutral and open contracts gradually recovering. Data shows that around $72500, there was a peak of about $2.4 billion in short liquidation positions. Once the price breaks through key resistance, it may trigger further upward momentum. Against the backdrop of the escalating situation in the Middle East driving up oil prices, the market generally believes that inflationary pressures may further rise in the coming months, which will continue to affect the global financial market liquidity environment, including cryptocurrency assets.