Bitcoin Surges 7% After Trump’s Crypto Reserve Announcement
- Bitcoin price increased by 7% in the past hour, surpassing $92,000.
- The price rose 15% from recent lows of $78,000.
- Spot demand drove the rally, indicating an organic market move.
- Spot Cumulative Volume Delta (CVD) identified buyers as aggressors.
- Over $200 million in spot inflows occurred within the past hour.
- Futures open interest declined, supporting a non-speculative surge.
The recent Bitcoin rally saw its price rise to over $92,000 due to strong spot demand and significant inflows exceeding $200 million in the last hour. This movement was characterized by reduced futures open interest, highlighting real buying activity.
Source (2.6)https://www.coindesk.com/markets/2025/03/02/bitcoin-s-surge-after-trump-s-crypto-reserve-news-showing-signs-of-sustainable-bullish-run?rand=52298
