![Bitcoin [BTC]](/cdn-cgi/image/onerror=redirect,width=640,height=640,format=webp/https://storage.googleapis.com/uploads.mongoosehq.com/url/media/111823822/3786750308e2b4f36ba0f54bc727b55d20ed07c211495e6c7932ab75c126d7af)
Overview
- Bitcoin rebounded from a weekend low near $65,000 to trade above $70,000, briefly reaching about $71,100 as risk sentiment improved.
- Crude prices fell from near $120 to roughly $90 per barrel after the president suggested the Iran conflict could be over soon, easing inflation fears and lifting equities and crypto.
- U.S. spot Bitcoin ETFs recorded about $568 million in net inflows last week, taking cumulative inflows above $55 billion and providing a steady institutional bid.
- Derivatives positioning reset with estimated leverage ratios falling and futures open interest declining, while more than $115 million in shorts were liquidated during the rebound.
- On‑chain data show a realized‑price gap around $89,000 and short‑term holders selling at a loss, leaving a supply overhang as markets await CPI and the Fed for direction.