Bitcoin inflows to exchanges spike as BTC hits resistance at $75K
Centralized crypto exchanges recorded a spike in Bitcoin hourly inflows on Monday as the crypto market rallied, with one analyst warning it could signal selling pressure.
Hourly Bitcoin flows into exchanges spiked to 6,100 BTC on March 16, the highest since Feb. 20, reported head of research at CryptoQuant, Julio Moreno, on Tuesday.
He added that the share of large inflows reached 63% of total inflows, which is the highest since mid-October 2025.
It comes as Bitcoin has rallied around 12% so far this month, hitting a six-week high of around $76,000 on March 17.
Traders often send Bitcoin (BTC) to exchanges in preparation to sell or exchange for stablecoins.
“Historically, spikes in large deposits to exchanges have been associated with increased selling pressure,” the analyst noted.
Bitcoin exchange flows have spiked this week. Source:
CryptoQuant
Fed may signal no rate cuts this year
The spike in exchange inflows comes just days before the Federal Reserve’s meeting and rate decision on Wednesday, which can have an impact on crypto sentiment.
However, markets have priced in no changes to the US interest rate this month, with CME futures predicting a 98.9% probability of them remaining the same and only a 1.1% chance that they will be increased.
The Fed could even signal no interest rate cuts at all this year in the wake of the US-Iran war and increasing inflation concerns, reported the Associated Press on Wednesday.
Bitcoin realized price resistance at $75,000
Moreno also noted that if Bitcoin continues to rally, it could first find resistance at $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.
The asset came just shy of $75,000 three times on Coinbase over the past 24 hours and hit resistance each time, according to TradingView.
The actual Realized Price, or the average break-even price for active traders, which acted as resistance in October and January, is currently around $84,700.
Bitcoin is facing resistance at the lower band of the onchain RP. Source:
CryptoQuant
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US PPI report to test Bitcoin, gold and Nasdaq as December rate hike looms
Nvidia falls to its lowest valuation in 14 years! "Super bull" Tom Lee calls for bottom fishing, retail investors are buying more as it drops, but Wall Street is divided
After the market opened on Thursday, retail investors went against the trend and bought up Nvidia, with net purchases reaching $111 million in just half an hour, setting a record for the same period. Investors such as Tom Lee have publicly supported the company, with institutions optimistic about strong order backlogs extending to 2028, robust revenue growth, and opportunities created by declining valuations. Meanwhile, institutions like Bernstein and Goldman Sachs have become more cautious about Nvidia's outlook, with concerns focusing on management succession and technological leadership following Jensen Huang's departure.
Jane Street boosts Fidelity Bitcoin ETF stake 8x in Q3, trims BlackRock IBIT
From SpaceX to Anthropic, the market has new strategies for dealing with tech giants' IPOs
The market's response strategies to major listings are currently centered around "index inclusion expectations": the new regulations allow mega IPOs to be included in the six major indices within 15 days, triggering concentrated buying by passive funds. Investors are positioning themselves in advance and using options to hedge and amplify buying power. However, Anthropic has a free float of only about 6%; shares available for sale by employees on the first day and privately placed shares with no lock-up period may create supply pressure. On the other hand, index arbitrageurs are facing a rare opportunity.
Crypto prices
More
