Bitcoin finally broke the level $75,000thus recording the highest price in six weeks.
A huge wave of liquidation of shorts and record highs this year inflows into ETFs are fueling the rally, and the market is waiting for the Fed’s decision, which could determine whether this is more than just a rally “dead cat”.
Short squeeze wipes out nearly half a billion bearish positions
On Tuesday morning Bitcoin is recorded in the vicinity $74,000-$75,000after touching the level in the Asian session $75,937.
This is the highest level since the beginning of February and an increase of nearly 25% relative to the February low at $60,000.
The mechanism of the current increases is quite simple. Funding rates on perpetual contracts have been negative for a while 14 consecutive daysthe longest since December 2022, when BTC was trading at $16,000 after the crash FTX.
The bears became too comfortable and the market verified the situation.
Data CoinGlass they speak for themselves.
USD 499 million liquidated positions in 24 hours, of which USD 330 million were shorts.
Squeeze-driven moves usually last for a short period of time, ranging from a few days to a few weeks
– he assessed Dominick John With Zeus Research.
On the other hand Rick Maeda With Presto Research he sees the matter like this:
BTC’s move towards $76,000 and Ethereum’s stronger rebound look driven by capital flows, i.e. ETFs and corporate purchases
ETFs and Saylor are flooding the market with money
Spot Bitcoin ETFs recorded the sixth consecutive session with positive inflows, a total of over USD 968 millionand brought it to the market on March 16 USD 201.6 million from the institution.
Since the beginning of March, ETFs have already received approx. USD 1.3 billionmaking March potentially the first positive month since October.
Meanwhile Michael Saylor I buy like there’s no tomorrow.
His Strategy purchased in the week ending March 15 22,337 BTC for USD 1.57 billionafter average $70,194 per piece.
Twelfth week of purchases in a row.
The company’s total portfolio is now 761,068 BTC with a value of approx. USD 55.8 billionalthough at an acquisition cost USD 57.6 billion Strategy is still sitting on an unrealized row loss USD 1.7 billion.
The Fed decides and the market plays two scenarios
It is in session today and tomorrow FOMC.
The market gives 99% chances of keeping rates at the same level 3.50–3.75% and there is no surprise here.
There’s something else at stake. Updated on economic plots and projections.
If the median moves from one cut to two in 2026, it will be the signal bulls are waiting for. Problem?
Bitcoin he was falling after 7 out of 8 FOMC meetings in 2025, so history is not an ally here.
By the way, this is one of the last meetings of the term Jerome Powellbecause he will probably take over his seat in May Kevin Warsh.
Zone on the charts $78,000-$84,000 is full of on-chain resistances, and $79,000 coincides with 50% Fibonacci retracement.
Ethereum it jumped to approx. $2,300 (+8%), Solana down $95 (+4%), XRP down $1.50 (+6%).
Index Fear & Greed went from “extreme fear” to level “fear”. 28. It’s better, but we’re still far from euphoria.
The dark horse of the next bull market? Hyperliquid soars to over $40
In the wave of the general market rebound, it stands out Hyperliquid.
Token HYPE gained 25% during the week and tests the area on Tuesday $41with capitalization exceeding USD 10 billion.
A decentralized perpetual exchange generates volumes of… USD 42 billion per week and takes over traffic that until recently belonged only to centralized platforms.
Interestingly, 97% revenue from fees goes to the automatic purchase of tokens from the market, which at USD 54 million monthly fees create real demand pressure.
Arthur Hayesco-founder BitMEXsees HYPE even on $150 in this cycle. To the historic peak ($59.30 from September 2025) is still missing approx. 36%but if you’re holding this token, the last week has probably given you a lot of reasons to be optimistic.
Disclaimer: The article does not constitute investment advice.
