Bitcoin price started a fresh increase and cleared the $74,650 zone. BTC is consolidating and might aim for more gains above the $75,500 level.
Analysts say reclaiming $76,000, sustained spot market buy volume and consistent inflows to the Bitcoin ETFs are the necessary components required for a rally to new highs.
Public Bitcoin miners sold hard in early 2026. Over 32,000 BTC left their wallets in the first quarter alone, more than they offloaded during all of 2025.
Bitcoin climbed hard during the Iran conflict. From late February through early April, the cryptocurrency posted an 11.75% gain while traditional markets stumbled and oil choke points tightened across the Middle East.
Inflows to exchanges reached 11,000 BTC per hour last Wednesday. The on-chain realized price of traders at $76,800 acts as a critical resistance. Average deposits rose to 2.25 BTC, driven by movements exceeding 1,000 BTC. During Thursday's session, the crypto market witnessed a massive whale inflow toward exchanges.
Bitcoin punched through $75,000. But futures traders aren't buying the rally.
Bitcoin consolidates between $73,000 and $75,000 as liquidations trigger a short squeeze, but weak spot demand keeps the upside momentum in check.
Negative funding rates may signal a market bottom, suggesting potential bullish trends and increased institutional interest in Bitcoin. Bitcoin funding rates hit most negative levels since 2023: Glassnode.
On-chain data shows the Bitcoin short-term holders reacted to the recent price surge by sending a significant amount of BTC to centralized exchanges. Bitcoin Short-Term Holders Deposited 61,000 BTC During The Rally As pointed out by CryptoQuant community analyst Maartunn in an X post, the Bitcoin short-term holders have recently participated in a notable amount of exchange deposit activity.
Bitcoin's futures funding rate has remained negative even as BTC bounced back above $75,000. Should traders be worried?
Beijing-based educator Jiang Xueqin has sparked renewed debate in the crypto market after claiming that Bitcoin may have been created by U.S. intelligence agencies. In a recent interview and podcast appearance, Jiang raised questions about Bitcoin's origins, highlighting its anonymous creator, its free global release, and its underlying infrastructure.
Morgan Stanley's Bitcoin ETF launch may drive institutional crypto adoption, impacting market dynamics amid geopolitical uncertainties. Morgan Stanley's Bitcoin ETF $MSBT debuts on NYSE amid geopolitical tensions.