Overview
- Bitcoin touched roughly $73,000 for the first time in about a month, with U.S. spot ETFs taking in about $1.45 billion over five sessions, including $458 million on Mar. 2 and $225 million on Mar. 3.
- Derivatives data show a short squeeze with about $460 million in bearish positions liquidated versus roughly $80 million in long wipes, while funding rates normalize and open interest rebuilds.
- Ethereum saw major holders accumulate about 320,000 ETH as daily active addresses hit 837,200 — a decade high — alongside $38.6 million of net inflows to U.S. spot ETH ETFs; price trades around the $2,000–$2,170 zone.
- XRP continues to defend the $1.30–$1.33 demand area, with a single‑day $6.97 million inflow into U.S. spot XRP ETFs and Hidden Road going live on the NSCC directory on Mar. 2 as traders watch $1.36 and $1.45 for resistance.
- Tensions involving the United States, Israel and Iran keep volatility elevated, and desks say the rally’s durability hinges on holding the $70,000–$72,000 band as markets navigate upcoming macro catalysts.