Bitcoin briefly climbed to $70,000, but sellers still defended the upper range. On the first trading day of March, spot Bitcoin ETFs posted $458 million in net inflows, reversing a quiet stretch and putting institutional demand back at the center of market attention.
The source article says risks tied to Iran had largely been priced in by the market, and the fresh ETF demand may indicate that bitcoin is recovering from oversold conditions. Price swings remain sharp. Even so, the return of inflows has reinforced a constructive tone after a period of weakness.
Ethereum clears $2,000 while XRP and SOL maintain separate trends
Ethereum ETF products recorded a smaller $38.7 million in inflows, yet ETH itself moved above $2,000. Market watchers cited in the report said ether could gain more room if bitcoin stabilizes in the $67,000 to $68,000 range.
XRP ETF data for March has not yet been released, though February showed steady net inflows with only two days of withdrawals totaling $8 million. Cumulative net inflows into XRP ETF products have now exceeded $1.24 billion. Solana ETF products have seen only one day of outflows since early February, a mere $14,000 on February 9, while other sessions brought in between $2 million and $30 million. Their cumulative net inflows are now close to $1 billion. Dogecoin-linked ETF products, by contrast, have remained largely inactive for several weeks.
Geopolitical shock hits prices, then a fast rebound follows
Geopolitics added another layer of pressure. After the first U.S. strike against Iran on Saturday, bitcoin and ether fell to $63,000 and $1,910, respectively, before quickly rebounding. QCP Capital, citing recent activity in the options market, said bitcoin may have a path toward $75,000.
The firm highlighted purchases of 1,000 BTC-27MAR26-74k-C contracts and 4,000 BTC-27MAR26-75k-C contracts. According to QCP Capital, the latest move was larger than the turbulence seen last June, yet it did not trigger panic selling. That contrast suggests the market is absorbing shocks with greater resilience even after five straight months of declines.
ETF demand and resistance levels now define the next move
Fresh ETF inflows and buying in high-strike call options show that some traders are positioning for recovery, but resistance above current levels remains intact. The report frames March as a test of whether renewed institutional participation can keep bitcoin pushing higher, or whether another rejection at resistance will send prices lower again.