Overview
- Bitcoin pierced the $74,000 resistance for the first time in weeks and is holding in the low $70,000s after logging its best weekly performance since September 2025.
- CoinGlass data show roughly $344 million in 24‑hour crypto liquidations, about 83% from shorts, underscoring a squeeze that accelerated the move.
- U.S. spot bitcoin ETFs notched a five‑day inflow streak totaling about $767 million last week, with roughly $1.3 billion in net March inflows reported so far.
- Signs of de‑escalation around the Strait of Hormuz, including two commercial transits and softer rhetoric, coincided with oil and the dollar easing and a rebound in risk appetite.
- Price now trades above its 50‑day average near $71,125, though a derivatives‑heavy market, cautious funding and positioning, and the Fed’s March 17–18 decision keep volatility risk elevated.