Bitcoin re-emerged after months of cross-breeding, increasing by more than 7 per cent in the day, and the price went up to $69,000. The market research institute VanEck mentioned that there are now many common “touch bottoms” indicators, where net inflows of overload bitcoin ETF are restored and the market discussion of the subsequent rebound space is warming again.
Several bottom indicators have emerged
In a recent study, VanEck stated that bitcoin had triggered 8 of the 12 market-generated signals, which related to indicators such as MVRV Z-score, a higher-ever-historical retreat, the level of unrealized gains and losses and the ratio of profit to supply. The article also mentioned that at some point in the past three months, all 12 signals had appeared at one time, indicating that the market had undergone deeper adjustments.
In terms of price performance, Bitcoin has been sorted over a long period of between $62,000 and $64,000, and has now made a breakthrough. According to the data cited in the report, its MVRV Z-score is about 0.53, in a relatively neutral region, meaning that the deviation between current prices and currency holding costs is not extreme.
Demand positive with ETF return
In addition to valuation indicators, the market is also concerned with changes in demand in the chain. Reports indicate that Bitcoin watch demand has changed to positive for the first time since February 2026, with a size of approximately 25,000 BTCs. This usually means that pre-winding has been reduced, and the market has begun to re-absorbed liquidity after the release of the sale.
At the same time, the real bitcoin ETF in the United States has resumed several consecutive trading days of net inflow. For institutional funds, the direction of ETF funds is often seen as an important window for observing medium-term needs. If net inflows continue, they may continue to support spot prices.
Markets focus on two resistance zones.
In terms of technical position, after a $65,000 rise in bitcoin, the previous upward pressure was seen by the market as a new short-line support. The next major resistance reported is in the vicinity of $7.13 million to $7.15 million, which is close to the 200-day average.
If it continues, the market will also focus on the $75,000 to $766.38 million range. According to the article, effective price breakthroughs could mean a further weakening of the downward trend at a larger level. In addition to the price structure, the market is also watching whether the relatively strong and weak indicators are back on their feet 50 to confirm whether the buyout continues to be advantageous.
Macro-policy factors still affect emotions.
The context in which the recent recovery in risk assets has been driven also includes the weakening of the United States dollar and the fall in return for the United States Treasury debt buyback exercise. It was reported that such changes had increased the interest of some of the funds in highly volatile assets, which had benefited bitcoin.
In addition, the market is also following developments in the United States subsequent vote on the CIAT Act, changes in Federal Reserve interest rates and the evolution of the situation in the Middle East. These factors may still affect institutional risk preferences and influence the subsequent flow and volatility of Bitcoin.