Gate News Report, March 18 — As the cryptocurrency market recently rebounded, on-chain fund movements for Bitcoin have shown significant changes. Julio Moreno, Head of Research at CryptoQuant, pointed out that on March 16, the hourly inflow of Bitcoin to centralized exchanges reached about 6,100 coins, the highest since February 20, with large transfers accounting for up to 63%, the highest since October 2025.
This data is often seen as a potential sell pressure signal. Market participants tend to transfer Bitcoin to exchanges for selling or converting into stable assets, so large inflows in a short period usually indicate some funds are preparing to take profits. Historical trends show that such situations often coincide with price resistance phases.
In terms of price, Bitcoin has risen about 12% this month and briefly hit around $76,000 on March 17, marking a six-week high. However, attempts to break through the $75,000 level repeatedly failed, forming clear short-term resistance. On-chain data shows that this range corresponds to a cluster of trader costs, which typically act as a pressure zone during weak cycles.
On a macro level, U.S. interest rate policies remain a key factor influencing market sentiment. The market generally expects the Federal Reserve to keep rates unchanged this month, with related interest rate futures indicating a nearly 99% probability. However, amid inflation pressures and geopolitical tensions, expectations for rate cuts within the year are cooling, which could constrain risk assets including Bitcoin and Ethereum.
Additionally, the on-chain “realized price” indicator shows that the average cost for active traders is about $84,700, a level that has historically served as a critical resistance zone. If prices continue to rise, this range may become an important test in the next phase. In the short term, the interplay between fund inflows and macro expectations has made Bitcoin’s trend more sensitive.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Grayscale Research Head: Bitcoin Rally Above $76K Could Signal Start of Bull Market Phase One
Grayscale research head Zach Pandl analyzes Bitcoin's rebound from a February low, using the realized price metric to show recent buyers at breakeven and hint at an early bull phase, with a reported bottom around $65k-$70k.
Grayscale’s Pandl: Bitcoin hit ~63k in Feb, rose to ~76k; realized price ~74k shows recent buyers breakeven, hinting at early bull phase and a bottom around 65-70k.
GateNews47m ago
Scammers Impersonating Iranian Officials Demand Bitcoin and USDT from Ships in Strait of Hormuz
Gate News message, April 21 — Scammers posing as Iranian officials are demanding Bitcoin (BTC) and Tether (USDT) as transit fees from ships in the Strait of Hormuz, according to a warning from MARISKS, a Greece-based maritime risk management firm. The scheme falsely promises "safe transit
GateNews1h ago
Bitcoin, Ethereum and Solana ETFs Record Positive Net Inflows on April 21
Gate News message, according to the April 21 update, Bitcoin ETFs recorded a 1-day net inflow of 3,599 BTC (approximately $272.59 million) and a 7-day net inflow of 18,914 BTC (approximately $1.43 billion). Ethereum ETFs showed a 1-day net inflow of 34,380 ETH (approximately $79.25 million) and a 7-
GateNews1h ago
Fidelity and Capital Group Become Strive's Two Largest Shareholders
Gate News message, April 21 — Fidelity and Capital Group have become the two largest shareholders of Strive, a Bitcoin treasury company, according to CEO Cole Macro. The two firms collectively hold ASST shares valued at approximately $152.8 million, as confirmed by the company's latest
GateNews1h ago
Charles Schwab to Launch Bitcoin and Ethereum Trading, Releases Educational Content on BTC
Charles Schwab plans to expand into crypto, offering Bitcoin education and direct BTC/ETH trading, allowing customers to buy Bitcoin in accounts; analysts call it a major mainstreaming moment.
Schwab announces an expansion into cryptocurrency with Bitcoin education and direct BTC/ETH trading, enabling clients to hold Bitcoin in their accounts; analysts view this as a turning point toward mainstream adoption.
GateNews1h ago
U.S. Indo-Pacific Commander Highlights Bitcoin's Potential as 'Computer Science Tool'
Gate News message, April 21 — Admiral Samuel Paparo, commander of U.S. Indo-Pacific Command, testified before the Senate that Bitcoin demonstrates significant potential as a computer science tool and holds value as an instrument of power projection. Paparo stated that Bitcoin is a tangible reality w
GateNews1h ago
