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Bitcoin Holds Near $74,000 After $76,000 Spike as ETF Inflows and Whale Buying Rebound

Traders await the Federal Reserve’s update to gauge if the flow-led rally can overcome resistance near the $80,000 area.

Overview

  • U.S. spot bitcoin ETFs notched six straight sessions of net inflows since March 9, bringing in roughly $963 million after about $767 million the prior week.
  • On-chain data show large wallets accumulated around 30,000 BTC (about $2.1 billion) in the first half of March, reinforcing renewed institutional demand.
  • A wave of derivatives-driven liquidations helped propel the jump, with total crypto liquidations around $609 million and $330–$486 million from shorts over 24 hours.
  • Bitcoin briefly topped out near $75,900 on March 17 before easing back to roughly $74,000, with key resistance highlighted around $75,000–$80,000 and an ETF cohort realized price near $80,000.
  • Markets widely expect the Fed to hold rates today at roughly a 99% probability as investors weigh guidance against a backdrop of elevated oil prices and Middle East tensions.