Bitcoin gains momentum near $75K as ETF inflows rise and on-chain data signals continued accumulation despite geopolitical tensions.
Bitcoin trading gained momentum on Monday as investors reacted to ongoing tensions in the Middle East. Digital assets moved higher even as global markets faced uncertainty. Strong performance in crypto also stood in contrast to weakness in traditional safe-haven assets such as gold. As such, Bitcoin is now approaching a key resistance level that may shape the market’s next move.
BTC’s On-Chain Data Signals Continued Accumulation
Bitcoin rose as much as 3.7% during Monday trading, briefly moving above $74,400. At the same time, other major cryptocurrencies recorded stronger gains. Ether climbed about 6.9%, while Solana and XRP increased roughly 6.1% and 4.7%.
Tensions have remained high since the conflict with Iran began in late February. However, Bitcoin has held up better than several traditional assets during that period. Gold has fallen around 4.9% this month, while Bitcoin has gained about 12.5%.
Technical indicators suggest the broader upward trend remains intact despite recent price swings. Monthly charts show Bitcoin trading near $73,000 after pulling back from cycle highs above $100,000 earlier this year. A move toward the $75,000 area now places the asset near a key resistance level that traders are watching closely.
Image Source: TradingView
Meanwhile, momentum indicators point to a cooling phase rather than a break in market structure. The monthly relative strength index currently sits near 46. Earlier in the cycle, RSI reached overbought levels. Current readings show the market has reset while still remaining far from oversold territory. In previous bull markets, similar momentum resets often came before renewed price strength.
On-chain data also suggests long-term investors remain active. The Accumulation/Distribution metric continues to stay near cycle highs. In other words, larger investors appear to be holding or adding to positions rather than selling heavily during the recent pullback.
Caroline Mauron, co-founder of Orbit Markets, said market sentiment has improved over the past week.
“Crypto has been in a bullish mood despite geopolitical uncertainty,” Mauron said. “A break through $75,000 now appears very possible as retail and strategic buyers believe the worst drawdown is over.”
Bitcoin Gains 12% in March, Outpaces Gold During Geopolitical Turmoil
Data from U.S. spot Bitcoin exchange-traded funds recorded solid inflows last week. Net inflows across the 12 listed funds exceeded $763 million, marking the third straight week of positive flows.
So far in March, total ETF inflows have reached around $1.3 billion. BlackRock’s IBIT accounted for roughly 78% of that activity, according to BTC Markets analyst Rachael Lucas. Such concentration often reflects strong conviction among institutional buyers.
At the same time, Bitcoin’s behavior during the conflict has drawn attention. The asset has started to act more like a macro hedge during periods of geopolitical stress. Monday’s gains also came as crude oil trimmed earlier advances.
Earlier in the day, US President Donald Trump called on nations to help reopen the Strait of Hormuz, a critical global shipping route. Iran later said restrictions would mainly affect ships from “enemies,” referring to American and Israeli vessels.
Jeff Mei, chief operating officer at BTSE, said the direction of the conflict could shape Bitcoin’s next price movement. According to Mei, a faster resolution could allow Bitcoin to recover and move back toward the $100,000 level. However, if tensions persist for a longer period, prices may decline toward the $60,000 range.
