The price of Bitcoin strongly rebounded to 71,559,946,888, breaking through $84,000

- The spot Bitcoin price increased by over 4% today, currently reported at $84,398, reflecting positive market sentiment in the short term. This rise may be related to recent macro policy expectations and technical adjustments. Previously, Bitcoin experienced fluctuations in early March, but the strong rebound over the weekend brought it closer to its historical high, needing only about a 15.6% increase to hit a new record.

Bitcoin's market dominance continues to strengthen

- The ETH/BTC exchange rate reached a nearly five-year low, with Bitcoin's market share rising to 62.15%, well above the level during Ethereum's peak in 2021. Analysts believe that the current market is still in the 'Bitcoin season,' with investors more inclined to hold Bitcoin rather than altcoins. According to CoinMarketCap data, the altcoin season index is only 13/100, further confirming Bitcoin's dominance.

ETF fund flows are diverging, with Bitcoin ETF now experiencing net inflow

- Although the Bitcoin ETF recently saw a single-week outflow of $2.7 billion (led by BlackRock's IBIT), as of March 12, the Bitcoin ETF has turned to a net inflow of $13.33 million, while the Ethereum ETF continues to see net outflows. Traditional financial institutions like BlackRock are incorporating Bitcoin ETFs into some investment portfolios, indicating a gradual acceptance of cryptocurrencies in the mainstream market.