Bitcoin has rebounded from a recent dip, fueled by over $1 billion in net inflows into U.S. spot Bitcoin ETFs over three days, reversing a multi-week outflow streak. BlackRock’s IBIT ETF has been a dominant force, purchasing nearly $300 million in BTC on Feb 26th alone, and leading daily inflows with $297.37 million on Feb 25th. This institutional demand coincides with a price recovery, briefly pushing Bitcoin towards $70,000 before settling around $67,300. While the inflows signal improved market sentiment and 'buying the dip,' analysts caution against assuming a definitive trend reversal. Derivatives markets still show traders hedging against downside risk, with put options significantly more expensive than call options. Despite the positive ETF flows, Bitcoin remains below key moving averages and faces overhead supply, suggesting a more mature market structure with less volatile price swings. Ethereum spot ETFs are also experiencing consecutive inflows, albeit on a smaller scale.
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