Bitcoin moved from roughly $64,000 toward $70,000 as U.S. spot ETFs recorded a third consecutive day of buying. More than 8,000 BTC were reportedly purchased in the latest session, with BlackRock accounting for over 4,000 BTC.

• BTC pushed above $70,000
• ETH gained around 20% in one day
• SOL also posted strong gains
• Many other altcoins advanced roughly 5%–7%

Three Forces Behind the Move

The rally has been supported by several catalysts arriving at the same time.

• Around $1.2B in BTC shorts were liquidated within one hour

• U.S. Treasury monthly long-bond buybacks are set to rise from $2B to at least $4B

• Political support for clearer U.S. crypto regulation strengthened sentiment

• ETF buying added genuine spot demand behind the squeeze

Altcoin Rotation

HYPE gained around 11% after renewed discussion of a compliant U.S. path for Hyperliquid, while Injective received SEC registration for transfer-agent services through an affiliated entity. Tokenization also remained a major theme across the broader market.

Levels Ahead

• BTC resistance: $73,000–$75,000
• Higher BTC zone: $80,000–$82,000
• ETH recovery test: $2,400–$2,500

After such a sharp move, a 2%–5% correction would not be unusual as traders lock in profits.

📌 Takeaway
The current crypto rebound is being driven by more than short covering alone. ETF accumulation, easier liquidity conditions and improving regulatory sentiment are reinforcing the move, but sustained spot volume will determine whether the rally develops into a broader trend.

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