The post Why is the crypto market up today? Bitcoin and utility protocols reveal on-chain whale inflows appeared on BitcoinEthereumNews.com.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Fresh institutional inflows into Bitcoin are driving a crypto market rebound, while on-chain data shows whales increasingly moving capital into utility protocols like Mutuum Finance. Summary U.S. spot Bitcoin ETFs saw about $458m in net inflows, helping BTC recover to around $68k after weekend volatility. Funds such as iShares Bitcoin Trust (IBIT) from BlackRock led the inflows as institutions treated the recent decline as a buying opportunity. Mutuum Finance has raised over $20.7m and launched its V1 lending protocol on the Sepolia testnet, signaling growing interest in utility-driven projects. The digital asset market is experiencing a notable upward trend. This recovery follows a weekend of high volatility where geopolitical tensions briefly pushed prices lower. The current rally is largely driven by a significant return of institutional confidence, particularly through U.S.-based spot Bitcoin ETFs. Market data shows that large investors are not only stabilizing the “king of crypto” but are also beginning to shift their focus toward emerging utility protocols that offer functional financial tools. Bitcoin  The primary reason for today’s market surge is the aggressive buying behavior from institutional investors. On Monday, March 2, U.S. spot Bitcoin ETFs recorded approximately $458 million in net inflows. This massive injection of capital effectively absorbed the “weekend shock” that had briefly sent Bitcoin tumbling toward the $63,000 level. By Tuesday morning, Bitcoin had reclaimed the $68,000 mark, signaling a swift rejection of the lower price range. BlackRock’s IBIT fund remains the dominant force in this recovery, accounting for roughly half of the recent inflows. Over the last three trading sessions alone, U.S. spot ETFs added nearly $1.1 billion in total. This level of buying suggests that institutional desks are treating the recent…

---

Filed under: News - @ March 5, 2026 9:26 am