Overview
- Bitcoin touched as high as $74,000, returning to levels last seen in early February and reclaiming the $70,000–$74,000 band traders view as pivotal.
- U.S. spot bitcoin ETFs drew roughly $1.45 billion in net inflows over the past five trading days, restoring a structural bid after weeks of weakness.
- Derivatives data show about $463 million in short positions were liquidated in the latest surge, pointing to a squeeze that accelerated upside momentum.
- Broader crypto joined the rebound, with ether near $2,130, solana around $91, and crypto-linked equities such as Coinbase and Strategy posting double‑digit gains.
- Policy and market‑structure signals added to the institutional narrative, with President Trump endorsing the Clarity Act, Hidden Road joining the NSCC directory, and Binance’s ETH reserves slipping to roughly 3.46 million, a multi‑year low.