The Bhutanese government sells another $6.7 million worth of BTC again

Bitcoin spot ETF experienced a net inflow of $767 million last week, while BlackRock's IBIT recorded weekly net inflows of $601 million.

According to SoSoValue data, from March 9-13, Bitcoin spot ETF net inflows reached $767 million, marking three consecutive weeks of increases. BlackRock's ETF IBIT saw net inflows of $601 million, Fidelity's ETF FBTC received $148 million in net inflows, while Grayscale's Bitcoin Trust GBTC experienced outflows of $25.8498 million. As of press time, total net assets reached $9.183 billion, with cumulative net inflows of $5.614 billion.

Santiment: Large Bitcoin Wallets Resume Accumulation, Fear and Greed Index May Diverge from ETF Inflows

According to data from on-chain analytics firm Santiment, as Bitcoin's price stabilizes near $71,000, large address holders now control approximately 68.17% of circulating supply, demonstrating an accumulation trend. Bitcoin reserves on exchanges have also fallen to eight-year lows, indicating that holders are more inclined toward long-term storage rather than selling. Despite the market's fear index remaining elevated, the renewed accumulation by large holders may signal a potential price rebound and provide structural support to the market.

Analyst: After the options expiration on March 20, the market is betting on BTC surging to $75,000

According to crypto analyst Murphy's analysis, the GEX data expiring on March 20 shows approximately $180 million in Long Gamma structure near $74,000, which suppresses price volatility. Therefore, BTC price will oscillate around that level. After the expiration date, changes in the options structure suggest market bets on BTC rallying toward $75,000, with resistance near $80,000, while support is found in the $65,000-$67,000 range.

Strait of Hormuz shipping crisis impacts industrial metals, BTC reclaims $71,300

Middle East tensions escalate as U.S. military takes action against Iranian energy facilities. Iran warns of retaliation, Strait of Hormuz transit volume declines, shipping risks rise, and aluminum supply chains tighten. U.S. 2022 GDP revised down to 0.7%, PCE remains at 3.1%, and the job market stays resilient. In the crypto market, BTC returns to the key level of 71,300 dollars.

Bitcoin Approaching $73,000: Strong ETF Capital Inflows, BTC May Challenge $80,000 Level

Bitcoin's recent price rebound is approaching $73,000, driven by institutional capital inflows and geopolitical factors. Mainstream crypto assets such as Ethereum and XRP have also risen in sync. Research indicates that Bitcoin's gains are primarily sourced from ETF capital inflows and increased institutional holdings, with market sentiment recovering. Technical analysis shows $70,000 to $71,000 as support levels, with a breakthrough above $75,000 potentially triggering stronger gains.

Whale Closes WTI Crude Oil Short Position for $473K Profit, Retains $48M BTC and Nasdaq Positions

In the past 4 hours, the address marked as "Heavy Position Layout in Three Major Markets" has reduced its WTI crude oil short position by 51,025 lots, worth approximately $5.05 million, with profits of about $473,000. The current position has decreased to $2.5 million, with only cryptocurrency and US stock positions remaining.