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2 Indicators Turn Bullish for Bitcoin: What’s Next for BTC’s Price?


2 Indicators Turn Bullish for Bitcoin: What’s Next for BTC’s Price?

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Bitcoin (BTC) surged from $68,000 to $74,000 on March 4, marking a new monthly high. On-chain data reveals a significant rise in Binance futures open interest, and U.S. spot Bitcoin ETFs have accrued about 23,600 BTC since February 25, indicating increased institutional demand.

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Bitcoin (BTC) jumped from $68,000 to roughly $74,000 on March 4 to reach a new monthly high, as two distinct datasets flashed bullish signals nearly simultaneously.

On-chain data shows a sharp spike in Binance futures open interest delta coinciding with the price breakout, while U.S. spot Bitcoin ETFs have added approximately 23,600 BTC to their holdings since February 25, pointing toward fresh institutional demand entering the market.

Read the article at CryptoPotato

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