Bitcoin (BTC) traded above $72,000 for the first time since April, lifted by a resumption of net inflows into US-listed spot bitcoin ETFs. BlackRock's IBIT alone absorbed $640M over the prior five sessions, bringing cumulative AUM across the complex back above $58B.
Analysts at Galaxy attributed the renewed bid to a softening macro backdrop and 'persistent' structural demand from RIAs. Funding rates on the perpetual futures market rose to 18% annualized, the threshold favored by basis arbitrage strategies.
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This article is reported for educational purposes only. It is not a recommendation to buy, sell, or hold any security. Markets carry risk — you can lose money. Do your own research and consult a licensed professional before acting.
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| Ticker | Action | Entry | Exit | P&L | Date | |
|---|---|---|---|---|---|---|
| COIN | buy | $205.30 | $228.90 | +$1888 | Mar 5, 2025 | Momentum Breakout — Growth Equities |