Overview
- Bitcoin rose roughly 2% through $72,000 and briefly topped $73,000, outperforming U.S. equity futures even as the dollar index pushed above 100 and oil hovered near $100 per barrel.
- U.S. spot Bitcoin ETFs logged multi‑day net inflows, totaling hundreds of millions this week, including a fourth straight day of net buys on Thursday.
- On‑exchange reserves fell to about 2.75 million BTC, with roughly 14.5 million BTC held by long‑term holders, while corporate demand included Strategy’s purchase of about 11,000 BTC and broader public company additions reported near 350,000 BTC over a recent period.
- Derivatives data showed persistent short positioning on some venues with negative funding rates earlier this week, keeping the risk of a short squeeze live if price breaks higher.
- Markets cited the SEC‑CFTC “Joint Harmonization Initiative” as a constructive regulatory signal even as Iran‑related tensions, higher yields, and stronger dollar conditions continue to pressure risk assets.