Bitcoin price climbs as global markets shake, fueled by ETFs and institutional buying

Bitcoin is experiencing a strong recovery, climbing above $75,000 as global markets face volatility. This rally is fueled by a resurgence in spot ETF inflows, with BlackRock’s IBIT and Fidelity’s FBTC leading the way, totaling $199.4 million on March 16th alone. On-chain data confirms a return of buyer activity after February’s sell-off, and companies like Strategy are continuing to accumulate BTC, adding to the positive momentum. Notably, Bitcoin has been viewed as an “oasis of calm” amidst geopolitical tensions, attracting investors seeking a resilient asset. While short covering played a role, the current rally is supported by multiple factors – ETF flows, increased buying pressure, corporate accumulation, and a favorable macro environment – making it more sustainable than previous bounces. Despite remaining below its all-time high, Bitcoin’s structure is significantly healthier, with a combination of leverage and fundamental demand driving its upward trajectory.

(Source：CryptoSlate)