A recent report from Bitfinex Alpha indicates that Bitcoin has regained the $70,000 mark ahead of the Federal Reserve's (FOMC) March 18th policy meeting this week, with market momentum clearly rebounding. Although the price has not yet broken through the current range high, the net inflow of funds into spot ETFs over the past four trading days, along with sustained spot buying, suggests that institutional investors are continuously accumulating within the range, and the market is shifting from a previous liquidation-driven volatility phase to a more robust "absorption" structure. On-chain and derivatives data also show an improved market structure, with funding rates remaining neutral and open interest gradually recovering. Data shows that short liquidation positions peaked at around $2.4 billion around $72,500, which could trigger further upward momentum once the price breaks through key resistance. Against the backdrop of escalating tensions in the Middle East driving up oil prices, the market generally believes that inflationary pressures may further increase in the coming months, which will continue to impact the liquidity environment of global financial markets, including crypto assets.