Bitcoin traded around $74,420 after rising 5.2% in 24 hours as risk-on sentiment improved. Bitcoin is up about 13% since February 28, while the S&P 500 and Japan's Nikkei are up roughly 1% and gold is down around 9% over the same period. Glassnode said easing bearish positioning, ETF buying, and spot buying supported the move, while Deribit data shows the 25-delta skew improved from -10% to -4.5%. Glassnode also highlighted last week's $786 million in U.S. spot Bitcoin ETF net inflows, although analysts said a weaker volatility spread still shows caution.