Crypto rally: BTC tops $73K but analysts warn $70K must hold as ETFs and technicals shape next move

first published 2026-03-04T06:09:44Z

U.S.-listed spot Bitcoin ETFs recorded roughly $1.4 billion of inflows over the past five days, yet Bitcoin’s spot price stayed rangebound. Bitfinex analysts told CoinDesk that ETF mechanics — authorized participants often create/redeem shares and short ETF shares before purchasing the equivalent BTC hours or a business day later — can delay actual spot purchases and mute immediate bullish price effects. Since January 2024, 11 U.S. spot ETFs have registered over $55 billion of cumulative inflows. Analysts also cited geopolitical tensions and rising oil prices as additional pressures on price action.

AI Analysis

Facts: ETFs had ~$1.4B inflows over five days and >$55B cumulative since Jan 2024; analysts say APs commonly short ETF shares and only buy corresponding BTC hours or a business day later, creating a lag that mutes immediate bullish impact; analysts also pointed to geopolitical tensions and rising oil prices as headwinds.

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