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Bitcoin reaches $72,000 with $1 billion inflow: Investors have moved past the expected trend
Despite geopolitical tensions in the Middle East, Bitcoin (BTC) has reached the $72,000 level amid increasing demand for spot ETFs.
Cryptocurrency markets continue to attract investor attention by demonstrating a strong recovery amid global uncertainties. Bitcoin (BTC) gained over 7% in the last 24 hours, climbing back above the $70,000 mark. This rise was particularly supported by positive momentum in the US-based spot Bitcoin ETF sector for the second consecutive day.
Data shows that after a $458 million inflow recorded on March 2, there was also a net inflow of approximately $225 million on March 3. Market analysts note that while the risk of conflict in the Middle East remains on the table, investors are responding to the situation more calmly than expected. Ethereum (ETH) also benefits from this optimistic sentiment, trending upward and trading above $2,050.
ETF Inflows and Open Position Growth
This market activity is not limited to spot purchases; derivatives market data also presents an interesting picture. The increase in open position ratios indicates that investor interest in leveraged trading is rising again. Experts say that $69,400 has previously been a strong resistance level for Bitcoin, but current demand is sufficient to overcome this barrier.
On the other hand, this situation proves that investors have shifted from a risk-averse mode to an “appropriate entry point search” mode. It should also be remembered that geopolitical risks affecting energy supply could trigger new turbulence in the markets.