On March 11, news reported that against the backdrop of easing tensions in the Middle East, the New Fire Research Institute stated that institutional buying confidence in the US crypto market is stronger. According to industry data, Bitcoin spot ETFs continue to see net inflows, and Coinbase premiums have turned positive from negative. In addition, several major DAT companies have made rare collective efforts: Strategy and Bitmine continue to increase their positions, and SharpLink has also increased its Ethereum holdings again after two months. With the concentrated push from institutional funds, Bitcoin has strongly broken through the $70,000 mark and is attempting to advance further, with market bottom characteristics becoming increasingly apparent.
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