Key Highlights
Bitcoin is up about 8.5% for the week, trading around $71,000.
Spot Bitcoin ETFs have added about $1.3B net so far in March, flipping the month positive after a weak stretch.
Perpetual funding has stayed negative at points, suggesting traders kept leaning short into the rebound.
Bitcoin is poised for its strongest weekly gain since September 2025, climbing about 8.5% to above $71,000 while pulling ahead of equities, gold, and tech indexes.
Over the past two weeks, Bitcoin has gained about 13% since Middle East tensions intensified, while short-term co-movement with tech benchmarks has eased compared with earlier periods when BTC traded more like a high-beta tech proxy.
U.S. spot Bitcoin ETFs have attracted around $1.3 billion in net inflows, marking the first positive month since October and providing a steadier bid for spot prices.
Derivatives positioning still looks defensive. Funding rates in perpetual futures have been negative at points even as prices pushed higher, a sign that many traders maintained short exposure through the move.
