Bitcoin breaks through 75,000! Major funds "show their cards" to accumulate chips, pointing toward 80,000?

Under the dual boost of improving risk sentiment and institutional buying waves, the crypto market experienced a historic moment this morning. On March 17, Bitcoin’s price surged past the $75,000 mark, reaching a high of $75,464, hitting a new high since February 4 of this year.

This is not just a numerical breakthrough but also a psychological breach for both bulls and bears. As the price stands on a new level, the market participants’ most focused concerns are the main capital movements behind the candlesticks, changes in large holder positions, and the chip battles at key levels.

1. Breakthrough Record: How Was the $75,000 Level Taken?

● Looking back at the past 24 hours, this breakout was not achieved overnight but accompanied by significant on-chain movements and capital resonance. According to on-chain data analysis, during the critical upward push from last night to early this morning, multiple large transfers exceeding 1,000 BTC concentrated into trading platforms, with a net inflow of about 2,800 BTC. Such large-scale, concentrated wallet transfers are often seen as precursors to institutional or major player entry.

● Once the funds arrived, the market responded swiftly. Buy orders on the order book increased by 12%, and the futures market also reacted, with long positions increasing by 8% and short positions decreasing by 5%. This combination of spot absorption and futures long resonance created a strong buying force, pushing Bitcoin up by 0.70% within 15 minutes and successfully stabilizing above the $75,000 level.

2. AiCoin Data Perspective: The “Open Card” Battles of Major Funds

As the market size expands, crypto investments are no longer a game of blind guesses by retail investors but are based on detailed data strategies. Using AiCoin’s professional data tools, we can see through the surface and understand the current main players’ cards.

1. Monitoring Major Orders: Where Are the Whales Lurking?

● During this breakthrough past $75,000, the traces of major orders are exceptionally clear. AiCoin’s main order tracking system shows that last night’s rally was not driven by retail traders but by dozens of large orders worth over a million dollars each. Especially when breaking through the critical resistance at $74,500, the sell walls were decisively eaten through by large buy orders, demonstrating the main players’ determination to seize the level.

● Currently, monitoring indicators show that although the price has hit new highs, there are no signs of large-scale distribution by major funds. Instead, after the rally, the volume has decreased and the price has moved sideways, indicating that the big funds still hold a positive outlook and are not rushing to exit.

2. Chip Peak Analysis: $80,000 as the Next “Fighting Zone”

● In spot trading, chip peaks are the golden standard for support and resistance. According to AiCoin’s on-chain chip distribution data, as Bitcoin breaks through $75,000, the support structure below becomes clearer.

● Currently, the $72,500 to $73,500 range forms a densely traded chip peak, which is the main cost zone for recent turnover and provides a solid bottom support. However, looking upward toward the $80,000 level, the situation is quite different. This area is stacked with a large amount of previous trapped positions and recent short positions.

● If Bitcoin attempts to push toward $80,000, these “historical burdens” and newly established short stop-loss orders will be activated, creating strong liquidity selling pressure. As market analysts point out, this week’s volatility is likely to revolve around the $70,000 to $80,000 range, with $80,000 being the “battlefield” for bulls and bears.

3. Main Capital Flows: The Dance of ETFs and Whales

● The healthy aspect of this rally lies in its capital composition. Unlike the typical retail-driven speculation wave, this time the main capital inflow shows features of “institutional dollar-cost averaging + whale accumulation.”

● Data shows that last week, the 12 US spot Bitcoin ETFs saw net inflows exceeding $763 million, marking the third consecutive week of net capital inflow. Among them, BlackRock’s IBIT product accounted for 78% of the inflow. This highly concentrated inflow is interpreted by analysts as long-term strategic buying rather than short-term speculation.

● Additionally, on-chain data reveals the movements of another “whale”—MicroStrategy (now renamed Strategy Inc.). Last week, the company bought nearly $1.6 billion worth of Bitcoin at an average cost of around $70,000. This increased its holdings to approximately 761,000 BTC and sent a clear signal to the market: institutional funds are still actively accumulating, with the cost basis moving closer to $70,000.

3. Macro and Sentiment: Market Heat Still “Lukewarm”

● Despite the new high in Bitcoin’s price, market sentiment indicators show a subtle “coolness.” Currently, the crypto market sentiment index is only 46, slightly higher than before but still in the neutral zone, far from the “extreme greed” stage.

● This “price rise with modest enthusiasm” scenario is actually seen as ideal by veteran investors. It indicates that the rally is not built on leverage and FOMO but is driven by genuine capital entry. Once the sentiment index breaks above 50 into greed territory, it could signal a stage top.

● Meanwhile, macro-level potential turning points still exist. From March 17 to 18, the Federal Reserve will hold a rate meeting. Although the market widely expects a very low chance (2.6%) of a rate cut in March, the dot plot and Powell’s comments on future rate paths will be key factors influencing risk assets. If hawkish signals are released, they could suppress Bitcoin’s push above $80,000; if dovish signals are given, it could serve as the best “trigger” for the main forces to attack the $80,000 level.

4. Market Outlook: Hold Steady or Take Profits?

Regarding the next trend, professional analysts have differing views, but based on AiCoin data, we can outline clear trading boundaries.

● Support and Defense: The short-term key support has moved up to $73,000. As long as the price stays above this chip peak, the current upward trend will not easily reverse, and any pullback could be an opportunity for latecomers to buy in.

● Resistance and Battles: $80,000 is the current major technical and psychological resistance. To break through, sustained inflows from major funds and increased open interest in futures are necessary. It’s worth noting that market makers near $80,000 hold structured short options positions, which could intensify price volatility and even cause “pinning” effects if spot prices approach.

● Potential Risks: Be cautious of the risk of a squeeze if long positions become overly concentrated. If buying momentum weakens, profit-taking at high levels could trigger chain reactions.

Bitcoin’s breakthrough of $75,000 is a triple victory for institutional bulls, data-driven bulls, and macro sentiment recovery. Using AiCoin’s main order insights to track whale movements, planning buy and sell points based on chip peaks, and monitoring main capital flows to judge market sustainability—today’s transparent data makes the footprints of major players impossible to hide.

With $80,000 just around the corner, the brutal game of battles remains unchanged. For investors, rather than guessing tops and bottoms, it’s better to keep an eye on on-chain data: as long as big players keep buying, the trend remains on our side.