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Bitcoin’s Institutional Tug-of-War: Geopolitical Tensions Clash with USD 920 Million ETF Surge

BTCUSD  pared some of its gain on the escalation of geopolitical tension between Iran and Israel.  It hits an intraday low of $69655 and is currently trading around $69979.

Bitcoin spot ETFs saw a strong rebound in institutional demand over the March 4–5 trading sessions, totaling around USD 920 million in net inflows. BlackRock's IBIT became the clear market leader, collecting USD 263 million on March 4 and raising its daily haul to USD 306 million on March 5, followed by Fidelity's FBTC's consistent strength (averaging roughly USD 95 million daily) and Bitwise's BITB (USD 36 million+ daily). Already topping USD 900 million in cumulative monthly inflows, this early March surge marks a clear reversal of February's poor outflow trend and points to a strong institutional "buy-the-dip" attitude notwithstanding continuous market volatility.

 

 

Technicals

CMP -$69976

Trend

4- Hour chart

Value

 

 

55 EMA

$68891

CMP > 55 EMA

Bullish

200- EMA

$71209

CMP <200- EMA

Bearish

365- EMA

$76158

CMP >365 EMA

Bullish

 

Major support- $64000/$60000/$52500/$50000. Major bullishness only above $74000.

 

Momentum indicator (4-hour chart)

Inference

Value

CCI(50)

Bullish

97.60

ADX

Neutral

-

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

 

 

 

 

 

 

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