Bitcoin (BTC) and the broader cryptocurrency market witnessed severe fluctuations this week, at first after President Trump reaffirmed the plans of the US Crypting Reserve. However, it lost the gathering quickly, which led to another wave of liquidation and uncertainty.
After a long period of sale, BTC fell to $ 78,000 last week. The announcement of the encryption reserve briefly sparked relief, which prompted BTC to a little less than $ 95,000. However, the gains were short -term, with BTC sliding again with a decrease in open interest and the financing rates were made mixed. Follow Altcoins a similar pattern, initially holding before restoring the gains.
ETF flows turn red again
ETF flows for market frequency reflect. While the Bitcoin Spot investment funds recorded a purely 94.3 million dollars on February 28, it was not sufficient to reverse the broader direction of external flows. IBIT from Blackrock Money Bleeding, ETHEREUM ETFS upgrade this style, with total flows of $ 2.82 billion through large ETHE Ratecale withdrawals.
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Open interest data indicates the rolling uncertainty. He led CME with 155.74K BTC in OI, while Binance is late with 109.17K BTC. Despite some OI gains, the total change has been over 24 hours negative across most stock exchanges, indicating that merchants reduce exposure amid volatile price procedures.
Funding rates drew a picture of conflicting feelings. BTC rates have fluctuated between positivity and negativity through stock exchanges, while ETHEREUM has seen slightly stable financing on OKX and Dydx. Solana and XRP showed an increase in financing rates, indicating increasing speculation, but also the possibility of more corrections.
The liquidation data has highlighted the fragility of the market, with $ 669 million in liquidation over the past 24 hours. Bitcoin formed 222 million dollars, followed by ETAREUM with $ 134 million. The majority of this is the long rank, especially on the Bybit and Binance.
Looking at the future, BTC needs to stick to more than $ 86,000 to restore the traction ascending, while Altcoins must settle to avoid more sales. While Trump’s pro -Cracipo’s position initially raised optimism, merchants remain cautious because organizational clarity and institutional flows will determine whether the market can maintain any useful direction in the coming weeks.
