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Bitcoin Defies Geopolitical Gravity: Institutional Inflows Fuel Bullish Rebound Toward USD 70,000

 

BTCUSD  gained above $70000 despite escalation of Middle East tension. assets.  It hits an intraday low of $66147 and is currently trading around $67569.

Led by BlackRock's IBIT (USD 263.2 million) and Fidelity's FBTC (USD 94.8 million), spot Bitcoin ETFs had a strong institutional bounce on March 2, 2026, with net inflows totaling USD 458.2 million. Although this rise reversed the outflows seen at the end of February and pushed cumulative 2026 inflows past the USD 25 billion threshold, the momentum met immediate friction on March 3 as geopolitical instability caused tiny net outflows of roughly USD 14.1 million. Though Bitcoin prices dipped below the USD 66,000 mark owing to worldwide "risk-off" mood, core goods like BlackRock's IBIT sustained positive flows, drawing a sharp contrast between strong institutional demand and the high-frequency sensitivity of the wider crypto market to global conflict.

 

Technicals

CMP -$67300

Trend

1- Hour chart

Value

 

 

55 EMA

$67775

CMP > 55 EMA

Bullish

200- EMA

$67072

CMP >200- EMA

Bullish

365- EMA

$67530

CMP >365 EMA

Bullish

 

Major support- $64000/$60000/$52500/$50000. Minor bullishness only above $72500.

 

Momentum indicator (4-hour chart)

Inference

Value

CCI(50)

Bullish

97.60

ADX

Bullish

 Strength increased from 14.59 to 16.25

It is good to buy on dips around $67000 with SL around $64000 for a TP of $80000.

 

 

 

 

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