Bitcoin Surges to $68K on ETF Inflows, US Macroeconomic Boost
Bitcoin rallied past $68,000, driven by renewed spot ETF inflows and improved macroeconomic sentiment following US policy signals.Summary
Bitcoin (BTC) surged to a weekly high near $68,600, recovering from lows around $62,400 within 24 hours. This rebound was supported by positive net inflows into spot Bitcoin ETFs, which totaled $257.7 million on Feb. 24, ending five weeks of redemptions. A macroeconomic boost also contributed, as markets interpreted US President Donald Trump’s economic remarks as signaling reduced near-term policy uncertainty, lifting risk appetite. Derivatives data suggests the rally was primarily driven by spot demand rather than excessive leveraged positioning, as open interest has stabilized and funding rates remain slightly negative. This indicates the market has reset leverage, with cumulative volume delta showing spot buyers are actively driving the price increase.
(Source：Cointelegraph)