Overview
- BTC repeatedly faded near $73,000–$74,000 this week and slipped back toward $71,000 after Middle East escalation headlines, yet it remains higher on the week.
- U.S. spot Bitcoin ETFs notched five straight inflow days, including $180.4 million on March 13 led by BlackRock’s IBIT, with roughly $1.34 billion for March and about $1.9 billion over three weeks.
- Derivatives point to caution, with Binance funding turning deeply negative on March 10–11 and options flow concentrated in $75,000 calls and $60,000 puts ahead of quarter‑end.
- Signals are mixed on valuation: Bloomberg-cited metrics place MVRV Z‑Score near 0.38 and outline a $45,000–$60,000 accumulation zone, while CryptoQuant’s Sunny Mom says a structural bottom is unconfirmed with MVRV near 1.2 and long‑term holder support still light.
- Geopolitical tensions and next week’s Federal Reserve meeting are key catalysts, as prediction markets lift the probability of BTC hitting $100,000 before 2027 to roughly 40%–50%.