🔑 The Main Drivers Behind BTC’s Current Move
Large Spot Bitcoin ETF Inflows (Institutional Demand)
The biggest and most immediate driver is renewed institutional buying through U.S. spot Bitcoin ETFs.
• U.S. spot BTC ETFs recorded over $1 billion in net inflows in just a few trading sessions
• One single day (March 3) saw ~$458 million flow into ETFs
• BlackRock’s IBIT alone accounted for a large share of these inflows
This creates direct spot-market demand, tightening available supply and pushing price higher
BTC
65,491.14
-2.88%