Between 08:30 and 08:45 (UTC) on March 4, 2026, BTC recorded a +0.83% return, with a price range of 69,305.8 to 69,914.2 USDT, and an amplitude of 0.88%. In a short period, market attention significantly increased, trading volume expanded compared to usual, reflecting rapid capital flow and heightened volatility.
The main drivers of this movement were partial short covering and concentrated liquidation of leveraged positions. Previously, after BTC tested a key support level, short positions were forced to cover and buy, pushing the price higher. Meanwhile, on-chain large transfers and average transaction amounts increased noticeably, indicating active participation by institutions and large investors, combined with technical oversold recovery, creating strong upward momentum.
Additionally, the outflow pressure of ETF-related funds temporarily eased, coupled with optimistic sentiment about policy benefits (such as the expected passing of the CLARITY Act), prompting some funds to position early. The fear and greed index dropped to a historic low, prompting some investors to buy the dip against the trend. At the same time, active addresses and transaction counts on the chain increased, restoring market participation. On the technical side, the daily RSI fell from extreme oversold levels to neutral, and momentum indicators showed short-term recovery needs. Macroeconomic asset volatility and short-term risk aversion among funds amplified the impact of this movement.
It is important to note that BTC remains in a high-volatility zone, and the short-term rebound faces strong resistance at $72,000. The ETF fund outflow trend has not fully reversed, and market sentiment still risks further deterioration. It is recommended to closely monitor large on-chain fund movements, market sentiment indicators, and key technical support and resistance levels, as short-term volatility risks should not be underestimated. For ongoing market updates and in-depth on-chain data, please follow mainstream market platforms and on-chain monitoring tools.
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
Bitcoin Conference 2026 in Las Vegas: Original Satoshi Times Newspaper Goes on Auction with BMAG ...
Nashville, TN, USA, April 10, 2026 — Among the rarest physical artifacts in Bitcoin’s seventeen-year history—an original copy of The Times of London from January 3, 2009, the newspaper whose front-page headline Satoshi Nakamoto embedded into the genesis block—will be offered for public sale at Bitco
CryptoBreaking31m ago
Bitcoin, Ethereum, and Arbitrum Lead Top NFT Sales of Week
The NFT sector experienced notable sales this week, led by Bitcoin, Ethereum, and Arbitrum. Top sales included the $X@AI BRC-20 NFT at $8,097,669, reflecting growing investor confidence in the market. Other blockchains like Polygon and Flow also had significant sales.
BlockChainReporter38m ago
Miners brace for changing economics ahead of 2028 Bitcoin halving
Bitcoin’s fifth halving is slated for April 2028, and the mining sector is entering that cycle with far tighter margins than in 2024. A mix of higher input costs, strained energy markets and increasingly explicit regulatory expectations are reshaping how miners operate, finance, and plan for the
CryptoBreaking42m ago
Bloomberg strategist Mike McGlone: a crypto bear market or at the early stage, with Bitcoin potentially falling back to $10k
Bloomberg strategist Mike McGlone says the crypto bear market may be in its early stages, and Bitcoin could fall to $10k. Even though Bitcoin ETFs have matched S&P 500 ETF returns, Bitcoin ETFs have higher volatility and the valuation of underlying assets that lack real support remains elevated.
GateNews55m ago
SpaceX holds 8,285 BTC worth about $603 million and lost nearly $5 billion in 2025 due to its integration of xAI
SpaceX currently holds 8,285 bitcoins, worth approximately $603 million. Despite losses of nearly $5 billion due to its acquisition of xAI, it has not sold any bitcoins since mid-2024, remaining the fourth-largest holder of corporate bitcoin holdings.
GateNews1h ago
