Bitcoin tops $69,500 after stock market rebound as ETF flows flip positive
Bitcoin tops $69,500 after stock market rebound, with the cryptocurrency surging to a weekly high near $69,500 after recovering from lows around $62,400 in less than 24 hours. The move coincided with improving sentiment across US risk assets and a flip back to net inflows for US spot Bitcoin exchange-traded funds (ETFs)
What moved Bitcoin
Bitcoin’s rebound came as US equities recovered and traders interpreted recent US policy messaging as reducing near-term uncertainty, boosting risk appetite across markets.
A key catalyst cited by market coverage was the return of net inflows into US spot Bitcoin ETFs: about $257.7 million on Feb. 24, with inflows led by Fidelity and BlackRock’s iShares Bitcoin Trust (IBIT), according to figures referenced in the report.
Bitcoin tops $69,500 after stock market rebound as ETF flows flip positive
US spot Bitcoin ETFs recorded $257.7M in net inflows on 2026-02-24, ending a prolonged period of weekly net redemptions cited in the report. The same coverage highlighted issuer-level contributions, including roughly $83M for Fidelity and about $79M for IBIT.
Derivatives backdrop: leverage looks contained
Derivatives data referenced in the report showed open interest declining and funding rates staying relatively contained, which can be consistent with a rally driven more by spot buying than by aggressive leverage buildup. The report also noted aggregated open interest stabilizing near 235,167 BTC after higher levels earlier in the week, alongside slightly negative funding (around -0.0037% as cited).
Bitcoin tops $69,500 after stock market rebound and what traders are watching next
With BTC back above $69,000, attention has turned to whether upside momentum can carry price toward $70,000 and whether sell pressure reappears near recent resistance. The same report pointed to order-book strength previously seen in the $60,000–$63,000 region and cautioned that renewed sell pressure could signal a slowdown in buy-side aggression.
Context & Analysis
Broader macro headlines also fed the day’s tone: coverage of President Donald Trump’s 2026 State of the Union described him emphasizing economic progress. Some outlets have also scrutinized and contextualized specific economic claims made in the address.
Concluding Remarks
Bitcoin’s quick rebound to the $69,000–$69,500 area left the market focused on two near-term questions: whether ETF inflows persist and whether derivatives positioning stays restrained. If both hold, bulls may keep probing $70,000 while any renewed risk-off shift in equities or a spike in leveraged long positioning could raise reversal risk.
FAQs
Q : Why did Bitcoin rally to $69,500?
A : A rebound in overall risk sentiment and a return to net inflows for U.S. spot Bitcoin ETFs were cited as the main drivers.
Q : What does it mean that ETF flows “flipped positive”?
A : It means net daily creations outweighed redemptions, resulting in a net inflow — about $257.7 million on Feb. 24, according to the report.
Q : What does negative funding suggest in this context?
A : Negative funding generally indicates that short sellers are paying long holders. This can imply traders aren’t aggressively piling into leveraged long positions despite rising prices.
Q : Bitcoin tops $69,500 after a stock market rebound does that guarantee $70,000 next?
A : No. The report describes $70,000 as a psychological level. Whether price moves higher depends on sustained demand and if sell pressure emerges near resistance.
Q : What is open interest and why does it matter?
A : Open interest refers to the number of outstanding derivatives contracts. Falling open interest during a rally can suggest leverage is not expanding aggressively, even as prices rise.
Q : Which ETFs led inflows in the cited data?
A : The report highlighted Fidelity and BlackRock iShares Bitcoin Trust (IBIT) as leading inflows on Feb. 24.
Facts
Event
Bitcoin surged to a weekly high near $69,500 as risk appetite improved and US spot Bitcoin ETF flows turned positive.Date/Time
2026-02-25T00:00:00+05:00 (date of move as described); ETF flow datapoint: 2026-02-24T00:00:00+05:00Entities
Bitcoin (BTC); US spot Bitcoin ETFs; Fidelity; BlackRock; iShares Bitcoin Trust (IBIT)Figures
~$69,500 high; ~$62,400 prior low; $257.7M net ETF inflows (Feb. 24); ~235,167 BTC aggregated open interest (as cited); funding ~-0.0037% (as cited)Quotes
“economic turnaround for the ages” (as characterized in coverage of the State of the Union)Sources
Cointelegraph via TradingView; AP; Barron’s