Overview
- Bitcoin briefly traded near $76,000 on March 17 before easing back to the mid-$70,000s after a fast intraday spike.
- U.S. spot Bitcoin ETFs notched a sixth straight day of net inflows, adding $199.4 million on Monday and about $963 million since March 9, led by BlackRock’s IBIT and Fidelity’s FBTC.
- Derivatives data from Coinglass showed roughly $486 million in short positions were liquidated over 24 hours, contributing to the rapid price move.
- Corporate treasury buying intensified supply concentration, with Strategy adding 22,337 BTC in recent days at an average near $70,194.
- CoinShares reported $1.06 billion of inflows into crypto investment products last week and nearly $140 billion in ETP assets under management, as traders watch resistance near the $79,000–$80,000 band.