Odaily Planet Daily reports that Bitfinex Alpha’s latest report indicates that Bitcoin has regained the $70,000 level ahead of the Federal Reserve’s March 18 FOMC meeting, signaling a clear rebound in market momentum. Although the price has not yet broken above the current range’s high, consecutive net inflows into spot ETFs over the past four trading days, coupled with sustained spot buying, suggest that institutional investors are steadily accumulating within the range. The market is transitioning from a此前 driven by liquidations to a more stable, accumulation-based structure.
On-chain and derivatives data also indicate improved market structure, with funding rates remaining neutral and open interest gradually recovering. Data shows that around $72,500, approximately $2.4 billion in short positions were concentrated; a breakout above this key resistance level could trigger further upward momentum. Amid rising oil prices driven by escalating tensions in the Middle East, the market generally expects inflationary pressures to intensify over the coming months, which will continue to influence liquidity conditions in global financial markets, including cryptocurrency assets.