BTC surges 7.63% breaking 74k! ETF attracts 155M, is the bull market back?
In the past 24 hours, Bitcoin (BTC) has rebounded strongly, with a 24h increase of about 7.63%, briefly surpassing the 74,000 USD mark (rising from a low of around 68k-70k), and market sentiment has rapidly warmed up. Data shows that recently, the net inflow of U.S. spot BTC ETF has been strong, with a single-day or recent peak reaching 155M-462M USD (some sources indicate that the cumulative total over two weeks exceeded 1.47B USD), and institutions like BlackRock continue to buy, driving prices to recover.
Behind the rebound: institutional funds dominate, coupled with geopolitical hedge demand and a revival of the 'digital gold' narrative. The growth of on-chain active addresses, stable network fundamentals, and the rebound of the fear-greed index show that retail FOMO is gradually emerging.
Is the bull market really here? Short-term momentum is strong; if it holds above 74k, the next target may be 75k-80k. But beware of pullbacks: high leverage can lead to easy fluctuations after liquidations, and we are still in the critical 70k range. If macro or geopolitical risks worsen, support may be under pressure. Leveraged players should be cautious, DYOR, and manage positions.
This time is a structural rebound driven by institutions, not the start of a full bull market. Opportunities are emerging, but volatility is high; rationally holding quality assets is key. $BTC
