Bitcoin sees $1B ETF inflows after brutal outflow streak, setting up the clearest path to $90,000
Bitcoin rebounded with $1B in ETF inflows after heavy outflows, fueling speculation for a potential March rally to $90,000.Summary
Bitcoin has stabilized around $67,300 after an early-February dip, coinciding with a three-day streak of net inflows into US spot Bitcoin ETFs totaling over $1 billion, the strongest run this month. This has renewed speculation that BTC could reach $90,000 in March, although derivatives positioning suggests traders remain cautious, still buying downside protection.
Options markets show low implied probability for reaching $90,000 soon, and CME data indicates traders are hedging against further drops. However, open interest on CME for March expirations is bullishly skewed (3-to-1 calls vs. puts), and volatility has eased, suggesting a transition from panic to conditional optimism. The ETF market remains the key driver; sustained strong inflows are needed to absorb overhead supply, especially given that ETFs have seen $2.6 billion in net outflows since the start of 2026.
Furthermore, significant supply clusters exist overhead between $82,000 and $117,000, where holders with unrealized losses might sell into rallies. Macroeconomic events in March, including CPI data and the Fed meeting, also introduce uncertainty, as Bitcoin remains sensitive to interest rate expectations. A credible path to $90,000 requires softer inflation data, a less restrictive Fed tone, and continued strong ETF demand.
(Source：CryptoSlate)