While this figure alone may seem modest, the two-week trend tells a different story. During this period, total new investments flowing into spot BTC ETFs have reached around $1.47 billion.

The market is closely monitoring whether institutional demand is showing a clear recovery after a weak start to the year.

ETF Inflows Support Bitcoin Prices

BTC has shown renewed upward momentum in recent days. The fresh capital flowing into spot ETFs appears to have a supportive effect on prices after weeks of stagnation.

According to SoSoValue, U.S.-listed spot Bitcoin ETFs have attracted roughly $1.47 billion in new allocations over the past two weeks.

Data from Bloomberg Intelligence over a broader timeframe indicate a similar trend. Investors have directed around $1.7 billion into U.S. spot BTC ETFs since February 24, signaling that institutional players may feel the market has bottomed, at least in the short term.

ETF Flows Don’t Always Impact Spot Prices Immediately

Not all market participants share the same optimism.

Bitfinex analysts note that ETF inflows do not always translate directly into immediate buying pressure in the spot market. Authorized participants can sometimes create ETF shares and short sell before acquiring underlying Bitcoin, meaning the actual impact on prices may be delayed.

Bitcoin Seen as a Geopolitical Hedge

Nevertheless, some market observers see a changing role for Bitcoin. Bitfire CEO Livio Weng suggests BTC is increasingly considered a geopolitical hedge, rather than purely a speculative risk asset.

Unlike gold, Bitcoin trades 24/7 and can move across borders instantly, allowing capital to react quickly during periods of geopolitical tension. For some investors, this makes Bitcoin a potential safe haven in global crises.

On-Chain Data Suggest Caution

Blockchain data indicate a more cautious picture.

Glassnode reports that buying momentum has significantly weakened, and realized profits have sharply declined. The 30-day moving average of realized gains has fallen approximately 63% since early February.

Only 57% of Bitcoin Supply in Profit

Another key metric is the portion of Bitcoin supply in profit.

At current levels, only about 57% of circulating Bitcoin is in profit, a level historically associated with the early stages of bear markets.

Glassnode also highlights the short-term investors’ cost basis, estimated near $70,000. This suggests that approaching this level may trigger exits from break-even positions, potentially converting upward moves into distribution zones.

Critical Price Range

Overall, the picture for BTC is complex.

On one hand, institutional capital via ETFs signals renewed market stability. On the other, on-chain data suggest investor behavior could remain fragile.

Many analysts view the $70,000–$72,000 range as a key zone that could determine Bitcoin’s short-term trajectory.

Current Bitcoin Metrics

• Bitcoin price: ~$72,500

• ETF net inflows (latest day): $155 million

• Two-week ETF inflows: ~$1.47 billion

• Total inflows since Feb 24: ~$1.7 billion

• Bitcoin supply in profit: ~57%

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube and Twitter for the latest news and updates.

The post Bitcoin Surges Above $72K as ETF Inflows Continue appeared first on Coin Engineer.

Bitcoin Supply in Profit Nears Euphoric Levels

CryptoQuant analyst Darkfost evaluates Bitcoin’s on-chain dynamics, focusing on the supply in profit. Specifically, the profit supply metric—the percentage of circulating Bitcoin valued higher than its purchase price—has surpassed 85%. This metric dropped to 75% during the recent correction but has rebounded with the price recovery. (Euphoria: A state of extreme optimism and excitement in the market, often associated with rapid price increases.) 

Historically, profit levels above 90% align with euphoric market phases. While this level has not yet been reached, the upward movement suggests euphoria. Darkfost notes that these phases often accelerate price increases but may lead to short-term pullbacks. Additionally, past cycles show the lowest profit supply at 45-50%, coinciding with bear markets. Thus, monitoring this metric is critical for identifying trend reversals. 

Related: PCE Inflation Report Could Trigger Crypto Market Surge 

Leverage Ratio and RSI: Market Aggression Declines

CryptoQuant analyst Crypto Lion examines leverage ratio and RSI data. Notably, CryptoQuant’s proprietary metric, which multiplies RSI by the open interest-reserve ratio, analyzes speculative positioning. Crypto Lion observes that RSI fluctuations are higher compared to the summer of 2021. However, leverage dynamics indicate the market is not overheating. Moreover, the market is shifting away from aggressive leverage, trending toward organic, spot-driven growth. 

As Bitcoin’s supply in profit rises, its price climbs above $94,000. Investors are eyeing the $100,000 psychological resistance. On-chain data suggests the market is approaching euphoria, but reduced leverage points to a healthier uptrend. At the time of writing, Bitcoin is trading at $94,551. 

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube and Twitter for the latest news and updates. 

The post Bitcoin Supply Exceeds 85% in Profit: Is the Rise Beginning? appeared first on Coin Engineer.