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Bitcoin price hits $72k as ETF inflows and short-covering drive rebound

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Bitcoin price has reclaimed the $72,000 level as flows and positioning turn more supportive.

Summary

  • Bitcoin price touched an intraday high near $72,000, its strongest level in weeks.
  • U.S. spot ETFs recorded solid net inflows while funding normalized and open interest rebuilt.
  • Major crypto assets rose 5%–8% on the day as liquidity and volumes improved across derivatives and spot venues.

Bitcoin (BTC) price has climbed back to the $72,000 area after a volatile stretch marked by forced liquidations, ETF outflows, and macro-driven risk aversion. The move higher follows several sessions of gradual recovery from lows near $63,000, as net selling from long-term holders slowed and fresh capital re-entered via spot ETFs and large over-the-counter blocks.

On the derivatives side, funding rates that had flipped sharply negative during the drawdown have normalized toward neutral, suggesting that aggressive short positioning is being unwound rather than extended. The rebound comes as broader risk markets remain choppy, indicating that bitcoin’s latest leg higher is being driven more by crypto-native flows and position reset dynamics than by a broad risk-on rally in equities.

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Bitcoin price hits $72k as ETF inflows and short-covering drive rebound - 1

Traders point to a combination of short-covering and structural demand from ETF buyers as key drivers of the latest push toward $72,000. After weeks of consolidation below key resistance levels, the reclaim of the $70,000–$72,000 band has forced some bears to buy back positions, adding fuel to the upside. At the same time, on-chain and fund data show continued interest from institutional allocators who are using dips to build or rebalance positions through regulated vehicles. This behavior contrasts with prior cycles, where sharp rebounds were often dominated by highly leveraged perpetual futures rather than spot-led flows. The current setup, with more of the move coming from cash market demand, is seen by some desks as a healthier backdrop even if volatility remains elevated.

Flows, leverage and next levels

Under the surface, market structure indicators still matter for judging whether the break toward $72,000 can sustain. Open interest in Bitcoin futures has increased from post-liquidation lows, but not yet to the extremes seen at previous local tops, which reduces the risk of an immediate, large-scale long squeeze. Funding across major venues is positive but contained, implying that traders are willing to pay a modest premium to stay long without crowding into highly leveraged bets. Options markets show a modest skew toward calls at higher strikes, with implied volatility elevated around upcoming macro data, reflecting a market that is optimistic but still hedging tail risks rather than abandoning protection altogether.

For investors and traders, the key focus now is whether bitcoin can hold above reclaimed support levels and convert the $70,000–$72,000 zone from resistance into a base for further advances. A clean break and sustained close above this area would open the door to tests of higher psychological levels flagged in recent research, while a failure could send the price back into the mid-$60,000s as momentum fades. Flows into spot ETFs, the behavior of large holders on-chain, and the pace of new leverage build-up will likely determine which scenario plays out. As regulatory frameworks such as MiCA advance and large platforms like Coinbase deepen their integration of bitcoin into mainstream investment products, market participants will be watching whether this latest move marks the start of a more durable leg higher or just another range expansion within an ongoing consolidation.

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High-Cashback Crypto Payments & Tiered Rewards

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High-Cashback Crypto Payments & Tiered Rewards

As crypto assets continue to expand from on-chain trading into everyday spending, payment products are becoming a core pillar of exchange ecosystems. Recently, one of the global leading digital asset trading platforms Gate officially launched the all-new Gate Card, introducing a high-cashback structure, a dual-track tier upgrade system, and elevated spending limits to further differentiate its offering in the crypto payments market.

One of the standout features of the new Gate Card is its cashback rate of up to 5%. Users earn rewards in multiple assets, including BTC, ETH, USDT, or GT, after each purchase. With a card fee of 1%, higher-tier users can fully offset costs and generate additional net returns, with monthly rewards capped at up to 250 USDT.

Unlike traditional payment cards that focus solely on convenience, this design transforms spending into a sustainable reward mechanism, making “spend-to-earn” a tangible reality.

The card’s tier system has also been upgraded with a dual-track progression model. Users can level up either by meeting spending thresholds or by qualifying through their VIP status, without the need to satisfy multiple overlapping conditions. Tier assessments are automated and take effect in the following month, offering a transparent and predictable growth path.

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This structure effectively links trading activity with consumption behavior, enhancing retention among higher-tier users while providing a clear upgrade route for entry- and mid-level users.

In terms of benefits, Gate Card adopts a T0–T4 tiered framework, with each level corresponding to different cashback rates and monthly caps. Top-tier users can enjoy up to 5% cashback with a monthly limit of 250 USDT. The progressively increasing benefits strengthen long-term engagement and encourage users to continuously expand activity and asset holdings.

High spending limits further underscore the product’s focus on premium use cases. Gate Card supports single-transaction and daily limits of up to $500,000 and a monthly cap of $1,500,000, with no annual limits for VIP10-VIP14, making it suitable for cross-border payments, large purchases, and capital management. These elevated limits significantly enhance the card’s appeal to high-net-worth users and improve the real-world utility of crypto assets.

In addition, the global coverage has further expanded its application scenarios. Gate Card can be used in over 100 countries and regions, covering approximately 130 million merchants worldwide that accept Visa. It supports both online and offline payments as well as ATM withdrawals. Users can choose between virtual and physical cards, with additional support for Google Pay, enabling seamless mobile and multi-scenario payments.

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Overall, the new Gate Card builds a closed-loop growth model centered on trading, spending, and tier progression. Higher tiers unlock greater rewards, which in turn stimulate increased spending and trading activity, reinforcing user engagement and asset retention.

As the crypto industry moves toward broader adoption and real-world integration, payment tools are emerging as a vital bridge between on-chain assets and the global economy. Through its combination of high cashback, generous limits, and structured growth incentives, Gate Card offers a compelling blueprint for crypto payments with stronger yield potential and ecosystem synergy.

Looking ahead, Gate plans to further integrate crypto payments into its broader platform ecosystem, expand global use cases, and accelerate the large-scale adoption of digital assets in everyday life, helping shape a more sustainable growth model for the industry.

About Gate

Gate, founded in 2013 by Dr. Han, is one of the world’s earliest cryptocurrency exchanges. The platform serves over 50 million users with 4,400+ digital assets and pioneered the industry’s first 100% proof-of-reserves. Beyond core trading services, Gate’s ecosystem includes Gate Wallet, Gate Ventures, and other innovative solutions.

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For more information, please visit: Website | X | Telegram | LinkedIn| Instagram | YouTube

Disclaimer: This content does not constitute an offer, solicitation, or recommendation. You should always seek independent professional advice before making investment decisions. Note that Gate may restrict or prohibit certain services in specific jurisdictions. For more information, please read the User Agreement via https://www.gate.com/user-agreement.

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Coinbase leads crypto stocks higher after Trump signals support for digital asset market structure bill

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Coinbase leads crypto stocks higher after Trump signals support for digital asset market structure bill

Shares of Coinbase and other cryptocurrency companies surged Wednesday after President Donald Trump threw his weight behind the industry’s battle against U.S. banks over yield-bearing stablecoins — adding to momentum the firms were already feeling from bitcoin‘s bounce.

Coinbase was last up more than 12%. Other digital asset firms such as Strategy and Circle jumped 9% and nearly 6%, respectively. Meanwhile, shares of JPMorgan Chase and Bank of America fell less than 1%.

“The Genius Act is being threatened and undermined by the Banks, and that is unacceptable,” Trump said late Tuesday in his social media post. “They need to make a good deal with the Crypto Industry because that’s what’s in best interest of the American People.”

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Greenlighting firms to issue dollar-pegged digital tokens that offer interest-like returns has been a sticking point of the Clarity Act, a market structure bill for the crypto industry, in the U.S. Congress.

Crypto companies also got a boost as cryptocurrencies staged a comeback. Bitcoin and ether advanced 5% and 6% on Wednesday, respectively.

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Why is Crypto Up? Bitcoin Reclaims $71,000 as Market Shrugs Off Middle East Escalation

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Why is Crypto Up? Bitcoin Reclaims $71,000 as Market Shrugs Off Middle East Escalation

Why is crypto up today? Crypto progenitor Bitcoin (BTC) just staged a massive V-shaped recovery, reclaiming $71,000 hours after global headlines screamed war.

The weekend dip to $63,000, triggered by intensifying conflict involving Israel, the U.S., and Iran, looked like the start of a risk-off collapse.

It wasn’t. Instead, the market absorbed the shock, flushed the leverage, and kept buying. While traditional markets panicked over blocked supply lines in the Strait of Hormuz, crypto participants saw a discount. That matters. It signals a shift in market resilience that bears did not account for.

Discover: Crypto’s best pre-launch token sales.

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Bitcoin Price Action: Institutional Resilience Meets Geopolitical Risk

The drop was sharp, but the recovery was cleaner. When news of the escalation broke, leverage got flushed immediately.

On-chain analysis indicates supply exhaustion from sellers at the $63,000 mark. Exchange flows remained neutral to negative, suggesting coins were moving to cold storage rather than flooding order books. Regional data supports this. Iranian exchange outflows suggest local capital flight seeking safety in digital assets, while global desks treated the geopolitical risk as a liquidity event to fill bids.

Tagus Capital noted in a recent newsletter that Bitcoin is exhibiting “defensive characteristics” despite its high-beta reputation. Where gold retreated after a brief spike, Bitcoin stabilized and reversed. The smart money absorbed the selling pressure. No capitulation.

Bitcoin Price Prediction: $71,000 Reclaimed, Is $75,000 Next?

The chart is painting a clear invalidation of the bear case. Reclaiming $71,000 changes the market structure entirely. The $65,700 level has now flipped from previous resistance to a fortress of support. The V-shape recovery confirms demand at lower levels was stronger than the panic.

Why is Crypto Up? Bitcoin Reclaims $71,000 as Market Shrugs Off Middle East Escalation
Bitcoin is entering a v-shape recovery. Source: TradingView

If Bitcoin holds above $70,500, the path to $74,000 opens up quickly. Clear that cleanly, and $75,000 is the next logical target. However, if the price loses $69,000, we likely re-test the weekend lows.

The current setup aligns with the VanEck macro bottom thesis, suggesting the $60,000-$63,000 zone was the final shakeout before the next leg up. Momentum indicators on the 4-hour chart have reset, giving bulls room to run.

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Discover: The hottest new crypto around.

Market Resilience: Why Crypto Outperformed Gold and Oil

Traditional safe havens reacted predictably to the conflict. Oil jumped 7% on supply fears. Gold added 2%. Yet, Bitcoin’s 12% bounce from the $63,000 lows outpaced them both. This decouples Bitcoin from the “risk-on only” narrative.

While altcoins like Cardano and Dogecoin are lagging behind Bitcoin, the broader crypto price prediction landscape is turning bullish.

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Billionaire Ray Dalio recently dismissed Bitcoin’s safe-haven status, yet the market ignored him. Bitcoin gained despite the war escalating. Institutional desks used the weekend gap, when traditional equity markets were closed, to bid on the asset that never sleeps.

The post Why is Crypto Up? Bitcoin Reclaims $71,000 as Market Shrugs Off Middle East Escalation appeared first on Cryptonews.

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Exodus or firewall? Blockchain analysts clash over Iran’s crypto outflows

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Exodus or firewall? Blockchain analysts clash over Iran’s crypto outflows


When airstrikes hit Iran on Feb. 28, crypto outflows from Nobitex spiked 873%, suggesting a “digital bank run” was ongoing. The reality may be more complex.

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Aster price forms inverse head and shoulders, $1.06 emerges

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Aster price forms inverse head and shoulders, $1.06 breakout target emerges - 1

Aster price is forming a potential inverse head and shoulders pattern, signaling a possible trend reversal. A confirmed breakout above $0.79 could trigger a bullish rally toward the $1.06 resistance target.

Summary

  • Inverse head and shoulders pattern forming
  • $0.79 neckline key breakout level
  • Breakout target projected near $1.06

Aster’s (ASTER) recent price action is beginning to show early signs of a structural reversal as a classic technical pattern emerges on the chart. After a prolonged corrective phase, the formation of an inverse head and shoulders pattern suggests that bullish momentum may be building beneath key resistance.

Aster price key technical points

  • Bullish Reversal Pattern: Inverse head and shoulders formation developing
  • Neckline Resistance: $0.79 acts as the key breakout level
  • Technical Target: Breakout projects a move toward $1.06 resistance
Aster price forms inverse head and shoulders, $1.06 breakout target emerges - 1
ASTERUSDT (4H) Chart, Source: TradingView

Aster’s current price structure closely resembles a classic inverse head and shoulders pattern, one of the most widely recognized bullish reversal formations in technical analysis. The chart shows a clear left shoulder, followed by a deeper head, and a developing right shoulder, indicating that selling pressure may gradually be weakening.

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The defining feature of this formation is the neckline resistance, which in this case sits near the $0.79 level. Historically, this region has acted as a strong barrier for price action. Previous attempts to break above this zone resulted in bearish reactions, highlighting the presence of significant supply at this level.

However, repeated tests of resistance often weaken selling pressure over time. Each time the market approaches the neckline, sellers must absorb additional buying demand. Eventually, this process can lead to a decisive breakout if buying pressure becomes strong enough to overwhelm supply.

For the inverse head and shoulders pattern to activate, Aster must break and close above the $0.79 neckline. Confirmation of the breakout would indicate that buyers have regained control of market structure, potentially triggering a new bullish expansion phase.

Once confirmed, the technical target for the pattern sits near $1.06. This projection is calculated by measuring the distance from the head to the neckline and extending that range above the breakout point. Interestingly, this level also aligns with the next high timeframe resistance zone, adding further technical significance to the target.

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Volume will play a crucial role in determining whether the breakout can succeed. Bullish continuation patterns typically require a noticeable increase in trading volume to confirm that market participation is expanding. Without strong volume support, breakouts can often fail and revert back into consolidation.

At the moment, the pattern remains unconfirmed, as price is still trading slightly below the neckline resistance. Until the $0.79 level is reclaimed on a closing basis, the inverse head and shoulders formation remains a developing setup rather than an activated signal.

From a market structure perspective, this consolidation beneath resistance may actually strengthen the potential breakout scenario. Prolonged compression below key levels often builds liquidity, which can lead to sharp expansion once the market resolves directionally.

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If the breakout occurs with strong momentum, the path toward $1.06 could open quickly as short sellers are forced to cover positions and buyers chase the move higher.

What to expect in the coming price action

Aster is approaching a critical technical inflection point at $0.79. A confirmed breakout above this neckline with strong volume would activate the inverse head and shoulders pattern and project a rally toward the $1.06 resistance zone.

However, failure to break this level could keep price consolidating below resistance until sufficient momentum builds for a decisive move.

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Bitcoin Weekly Death Cross Keeps the Bear Market Alive

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Bitcoin Weekly Death Cross Keeps the Bear Market Alive

A new Bitcoin death cross would ensure continuation of the bear market unless a “major bullish catalyst” appears, per new BTC price analysis.

Bitcoin (BTC) needs a “major bullish catalyst” to avoid canceling out its March rally, says the latest analysis.

Key points:

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  • New findings warn that short-term BTC price strength does not remove the risk of the bear market continuing.

  • Bitcoin faces plenty of overhead resistance in the mid-$70,000 zone.

  • A “death cross” formed of two weekly trend lines is still on course to confirm this week.

BTC price caught between multiple trend lines

In an X update on Wednesday, Keith Alan, cofounder of trading resource Material Indicators, warned that BTC price weakness was still present beyond low time frames.

BTC/USD one-hour chart. Source: Cointelegraph/TradingView

Bitcoin hit monthly highs of $73,019 at the day’s Wall Street open, continuing a rebound that accompanied renewed conflict in the Middle East.

While this quickly led to predictions of a bull market comeback and even new all-time highs, Alan was frank about the BTC price outlook.

“This is an important candle to watch on the $BTC chart,” he summarized. 

“On the surface, we’re seeing a short squeeze. From a technical perspective, this D candle is attempting to validate R/S Flips at the 21-Day SMA, the 2021 Top at $69k, and a Timescape Level at $71.3k.”

BTC/USD one-day chart. Source: Cointelegraph/TradingView

Alan referred to various key levels near the spot price, including the 21-day simple moving average (SMA) at around $67,550, per data from TradingView.

Also on the radar were the 50-day SMA at $76,350, along with the 21-week and 100-day SMA trend lines at $88,000 and $87,300, respectively.

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“If bulls can push price up from here I expect some friction around psychological resistance ~$75k, technical resistance at the $50-Day MA, and the next Timescape Level at $78.3k,” he continued. 

“A support test, sooner than later, would be healthy, but I’m not sure that the market is going to make it that easy on us.  However this develops, IMO, the longer it takes to grind up, the more durable the rally will likely be.”

Bitcoin death cross still due this weekly candle

As Cointelegraph reported, long-term price expectations for the current bear market favor a bottom at or below the $50,000 mark.

Related: ‘This is not World War III:’ Five things to know in Bitcoin this week

A return to BTC price downside, Alan warned, could come as soon as next week, thanks to a so-called “death cross” involving the 21-week and 100-week SMAs.

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BTC/USD one-week chart with 21, 100 SMA. Source: Cointelegraph/TradingView

A death cross occurs when the former trend line crosses below the latter, implying weaker recent price action compared to the longer-term trend.

“The caveat to that is the simple fact that next week we will print a death cross between the 21 and 100 Week MAs, and that will likely be a precursor to the next leg down unless we get a major bullish catalyst,” he concluded.