Overview
- Bitcoin, which topped $75,000 on Tuesday, reached its highest level since early February after a rapid squeeze of bearish bets lifted prices toward $76,000.
- U.S. spot Bitcoin ETFs recorded their strongest week in months with roughly $786 million to $833 million of net inflows, led by BlackRock’s iShares fund drawing about $612 million.
- Cooling U.S. producer prices at 4.0% year over year, with negotiation signals between Washington and Tehran, reduced concern that higher oil would keep inflation elevated.
- Derivatives data show more than $500 million of positions were liquidated over 24 hours, with about 80% coming from short bets against Bitcoin and Ether according to CoinGlass.
- On-chain analytics indicate large wallets added roughly 30,000 BTC in March, and Morgan Stanley’s new Bitcoin ETF brought in modest early assets, broadening institutional buying channels.