As the cryptocurrency market surged on Monday, centralized crypto exchanges saw a rise in Bitcoin inflows. An analyst said this could be an indication of selling pressure.
According to Julio Moreno of CryptoQuant’s head of research, the daily Bitcoin flow into exchanges peaked at 6,100 BTC in March, which is the highest level since February 20.
The following is a list of the most popular ways to get in touch with someone. added This is the largest share since October 20, 2025.
Bitcoins are a new phenomenon rallied So far, this month has seen a 12% increase in the price of a six-week high Around $76,000 was spent on March 17
Bitcoins are often traded by traders.BTCExchanges are used to prepare for the sale or exchange of stablecoins.
“Historically, spikes in large deposits to exchanges have been associated with increased selling pressure,” Analyst noted
Fed might not announce any rate reductions this year
Crypto sentiment can be affected by the spike in inflows just days ahead of Wednesday’s Federal Reserve rate meeting.
CME futures have not priced any changes in US interest rates for this month. predicting Only 1.1% of people think they’ll be raised.
Related: Trump ups pressure for Fed chair Powell to cut rates ‘right now’
In the aftermath of the US-Iran War and rising inflation fears, the Fed may even announce no rate reductions at all for this year. reported The Associated Press reported on this Wednesday.
Bitcoin price resistance reached $75,000
Moreno said that Bitcoin could also first become a mainstream currency if it continues to rise. find resistance 75,000.
“These levels represent the lower band of the traders’ onchain Realized Price, which historically acts as price resistance in bear markets,” “He said”
Coinbase showed the asset just below $75,000 at least three times in the last day and it was met with resistance on each occasion. according TradingView.
The current Realized Price or average breakeven price of active traders is around $84,700. This was the resistance level in October and January.
Magazine: Metaplanet’s Japan Bitcoin bet, Bithumb ordered suspension: Asia Express
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Source: cointelegraph.com
