Bitcoin broke above $70,000 yesterday after that crazy weekend sell-off down to around $65,000. What stood out: it seems that volatility in the energy markets is finally easing, helping the market catch its breath again. Oil prices fell below $100, and that moved Wall Street — perfect timing considering how late it is in Florida and how the US markets are starting the day.

Institutional money continues to flow in. Last week, we saw approximately 66k in net inflows into US spot Bitcoin ETFs, bringing the total to over 66k since launch. That’s quite impressive given the recent shocks.

And then the sentiment: on-chain data and derivatives indicators show that the market is stabilizing. Market maker Enflux noted that Bitcoin demonstrated remarkable resilience — it briefly dipped below 66k but quickly recovered to 66k-68k. Better than many stocks even. The prediction markets also became more optimistic; the chance that BTC will reach $75,000 in March jumped to about 56% on Monday.

Glassnode analysts said that conditions are stabilizing, although broader conviction remains cautious. Capital flows are still weak, and speculative participation is limited. But with Bitcoin now around $73,500, it looks like we’ve moved past that acute volatility. Interesting to see how quickly the market adjusted once the geopolitical shock was over.