Crypto界网 reports that, according to a tweet from CryptoQuant: Despite ongoing global instability and the expectation of a prolonged bear market, the low exchange deposit levels confirm that selling pressure on Bitcoin has been exhausted.

Deep潮TechFlow News, March 4th, according to The Block, despite the ongoing escalation of conflicts between the US, Israel, and Iran, and the market's reassessment of Middle Eastern geopolitical risks and the Fed's short-term rate cut expectations being delayed, Bitcoin remains strong. Analysts believe that after weeks of consolidation, institutional funds have re-entered the market, providing significant support for a rebound. The flow of spot ETF funds has returned, supporting a price rebound. Additionally, on-chain and derivatives data also show a rebound in risk appetite, with Bitcoin perpetual contract open interest recording the largest single-day increase since July 2025. Leverage has expanded significantly, but there may be a time lag between ETF share trading and actual Bitcoin spot purchases. The settlement and hedging mechanisms of institutional products could weaken the immediate transmission effect of short-term price movements.

Funding Rates still nearing negative territories across the board, even with $BTC crossing $71K