Gate News reports that on March 17, Bitcoin surged in Asian morning trading, breaking the $75,000 mark for the first time since early February 2026, marking the eighth consecutive day of gains and setting the longest winning streak in nearly two years.
As of 1:30 a.m. UTC, Bitcoin remained above $75,000, with a 24-hour increase of about 3%. Compared to the recent low of around $60,000 caused by market sell-offs amid Middle East tensions in February, the current rally has nearly reached 25%, indicating a clear recovery in market sentiment.
On-chain data further supports the bullish outlook. Recent exchange inflows of Bitcoin have significantly decreased, easing spot selling pressure. Meanwhile, activity among large addresses has increased, with whale transactions reaching a six-year high. Historically, such signals often appear during key trend reversals. Additionally, the issuance of stablecoins has expanded, coupled with continuous inflows into spot ETFs. In the past three weeks, U.S.-based related products have seen net inflows of approximately $2.1 billion, suggesting new capital is entering the market.
Fund flow trends indicate a shift from gold to Bitcoin. Gold prices have recently retreated, while Bitcoin maintains its upward momentum. On the Polymarket platform, the probability of Bitcoin reaching $80,000 this month has risen to 56%, reflecting increased market expectations for short-term gains. However, historical experience shows that when forecast probabilities approach 60%, profit-taking and correction pressures often follow.
Macroeconomic uncertainties remain. Global energy prices stay high, and the Middle East situation is still unclear, but Bitcoin has recently outperformed traditional assets. The upcoming Federal Reserve interest rate decision will be a key factor, potentially influencing capital flows and risk appetite.
From a technical perspective, $75,000 has become a critical support level. If the price can hold above this zone, the market may further test the $80,000 resistance; if it falls below, a new correction phase could begin. Currently, multiple factors are at play, and Bitcoin’s trajectory remains in a crucial window.
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BTC edges up 0.46% in 15 minutes: institutional fund outflows and macro risk-off sentiment in sync drove the move
From 15:00 to 15:15 (UTC) on 2026-04-16, BTC logged a +0.46% return within 15 minutes. The price fluctuated in a range of 73,939.7 to 74,440.0 USDT, with an amplitude of 0.68%. During this time window, market attention increased, short-term volatility intensified, and fund-flow characteristics changed noticeably.
The main driver of this deviation is the continued outflow of large amounts of capital from exchanges. According to on-chain data, in the past 24 hours the net flow was -14,408.84 BTC, mainly concentrated in large transfer ranges of more than $1 million (especially>$10M net outflow -12,987.03 BTC). This shows that institutions and large holders actively reduced their BTC holdings on exchanges, and short-term selling pressure was significantly lowered. Against the backdrop of persistently weak liquidity, with order book depth remaining at a low level for a long time, the price has become more sensitive to medium-sized buy orders—amplifying the impact of even modest inflows on spot market price action.
In addition, macro conditions changed in parallel and produced a synchronized effect: easing geopolitical tensions in the Middle East boosted overall market sentiment. International gold prices rose, global equity markets hit new highs, and the market re-evaluated the probability of the Federal Reserve cutting rates within the year, further increasing investor attention to safe-haven assets (including BTC). At the same time, on-chain data indicates that the “whale” trading activity during this phase is at an annual low (>$1M transfers fell to 1,485 transactions). With heavy market wait-and-see sentiment and limited short-term supply, BTC’s responsiveness to sudden buy-side capital was further enhanced.
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