Bitcoin Price Surges Past $75K on Spot BTC ETF Inflows, Ahead of FOMC

Bitcoin surged above $75,000, trading around $75,720, as strong spot BTC ETF inflows—led by BlackRock’s IBIT—fuel a bullish move. Over the past week, US spot Bitcoin ETFs recorded their strongest weekly inflows since mid-January, reaching about $996 million. IBIT alone added more than $250 million in a single day, while Grayscale’s GBTC saw modest outflows. The inflows are described as more institution-driven than retail-led rallies, which may help support longer trends. Additional market mechanics amplified the move: roughly $89 million in Bitcoin positions were liquidated in 24 hours, with many liquidations tied to short trades, creating extra buying pressure. Bitcoin dominance also rose to around 59.5%, suggesting capital rotation away from smaller altcoins into Bitcoin amid risk caution. Traders now focus on the upcoming FOMC meeting for signals on interest rates and liquidity that could affect Bitcoin in both the short term and longer-term risk pricing. Near-term technical levels cited are resistance around $78,320, support near $75,000, and a deeper support area around $73,200. Commentator Jack Yi (Liquid Capital) frames the move as a rebound and advises risk management and taking profits, particularly around higher target zones.