Bitcoin (CRYPTO: BTC) surged 7% in a single day move to $73,000, as heavy ETF inflows and improving technical structure combine to support price despite lingering macro uncertainty.
Is It A Relief Rally Setup?
Crypto chart analyst Ali Martinez highlighted multiple factors pointing toward potential short-term upside:
- Strong ETF Demand: Spot Bitcoin ETFs added $776 million last week and another $789 million so far this week, signaling sustained institutional accumulation.
- Light Overhead Supply: On-chain URPD data from Glassnode shows relatively thin supply between $72,000–$81,000 after BTC reclaimed the $70,685 …