Bitcoin Price Recovery

Bitcoin (BTC) price extended its recovery Monday, climbing above $88,000, as a confluence of macroeconomic and institutional factors boosted market sentiment.

BTC traded at $88,599 at press time, up 4.24% in 24 hours.


The rally followed last week’s 4.25% rebound and came as open interest surged and ETF inflows returned.

According to CryptoQuant, total open interest crossed $32 Billion, while CoinGlass reported a $614.6 Million jump in BTC-USDT futures on Binance during early trading.


CoinGlass noted in a tweet, “About 7,000 BTC open interest was added on Binance futures,” suggesting increased trader exposure and imminent volatility.

Arthur Hayes Sets BTC at $110K Target—But Warns of Retrace

BitMEX co-founder Arthur Hayes predicted that Bitcoin could reach $110,000 before retracing to $76,500.

In a post on X, Hayes said macroeconomic tailwinds—especially the Federal Reserve’s dovish tone and President Donald Trump’s flexible tariff stance—could push BTC to new local highs.


> “The Fed will shift from quantitative tightening to quantitative easing,” Hayes claimed, expecting liquidity to drive BTC demand. He also downplayed the long-term impact of U.S. tariffs, calling them “temporary” disruptions to broader price trends.

Hayes suggested that Bitcoin may eventually target $250,000 but emphasized the likelihood of a pullback after the $110K level.

Bitcoin ETF Inflows Return as Strategy Buys More BTC

Institutional appetite showed signs of recovery last week. According to CoinGlass, Bitcoin spot ETFs recorded $744.30 Million in net inflows after posting $830.5 Million in outflows the previous week.


Meanwhile, crypto firm Strategy acquired $584 Million in BTC on March 24, raising its holdings to 506,137 BTC.

The company used proceeds from 1.97 million share sales and a broader $21 Billion stock issuance program.

Critics warn Strategy’s aggressive accumulation may be propping up BTC above $80,000. A funding shortfall or stock issuance pause could pressure prices.

Still, ETF inflows suggest broader investor interest may be returning.

BTC Price Faces Resistance at $89K as Bulls Test Key Levels

Despite Monday’s upside, BTC price continues to struggle near critical resistance.

According to Ali Martinez, BTC faces a “key resistance cluster at $89,000,” where the 50-day moving average meets a descending trendline.

Rekt Capital added that Bitcoin is testing the 21-week EMA as support. “Reclaim the 21-EMA as support and Bitcoin will be able to breakout to ~$93,500,” the analyst posted on X.

Although BTC price hit an intraday high of $88,804 Monday, it failed to hold above $88,000 during previous sessions. The March 3 daily close at $92,000 remains a key level for bulls.

Stablecoin Reserves Surge as Traders Eye Fresh Liquidity

On-chain data also points to bullish undercurrents. CryptoQuant reported that Binance’s ERC-20 stablecoin reserves hit an all-time high of $31 Billion.


Rising stablecoin balances often signal incoming buy pressure as traders prepare to enter markets.

Coupled with rising open interest, this suggests liquidity may support further upside—but also raises risks.

> “Leverage-driven pumps increase liquidation risk,” CryptoQuant warned. If the rally loses steam, overexposed positions could trigger cascading sell-offs.

Macro Factors Remain in Focus for BTC Price

Economists expect the core Personal Consumption Expenditures (PCE) index, the Federal Reserve’s preferred inflation gauge, to rise by 2.7% in February.

If confirmed, this would support Fed Chair Jerome Powell’s recent statements on transitory inflation and reinforce bets on rate cuts in 2025.

Trump’s reported plan to soften some tariffs ahead of April 2 also lifted equities.

S&P 500 futures jumped 1.5% on March 24, further easing fears of a full-scale economic slowdown.

BTC Price Eyes $92K—But Momentum Remains Fragile

While Bitcoin appears well-positioned to challenge $92,000, its momentum remains fragile.

Concerns about recession, excessive AI stock valuations, and U.S. federal spending cuts continue to weigh on broader risk markets.

Bitcoin’s short-term path hinges on ETF demand, macro policy shifts, and leveraged trader behavior.

As liquidity builds and open interest climbs, volatility could spike in either direction.