ChainCatcher reports that CryptoQuant analysis indicates Bitcoin’s current price is hovering between $62,000 and $68,000. The futures market funding rates remain in negative territory, suggesting that bearish sentiment is dominating the market. Unlike the previous bottom around $80,000, when funding rates were mostly positive.
Since 2025, the dominant force in the market has been selling pressure, with buy orders only absorbing supply. Current selling pressure is at its highest level in three months. Notably, the futures market has maintained high leverage for 16 consecutive months. Since Bitcoin’s previous all-time high, excessive leverage has been decreasing. Analysts point out that while price declines have forced some investors to liquidate, they have actually improved market leverage health, which is a positive long-term signal.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Chainlink CCIP Becomes Exclusive Bridge for Coinbase Wrapped BTC to the Monad DeFi Ecosystem
Chainlink CCIP now enables Coinbase’s cbBTC to bridge from Base to Monad, opening direct access to Bitcoin-backed DeFi liquidity.
Monad will access more than $5 billion of cbBTC to lend, trade, and for Bitcoin-based DeFi products.
Chainlink has enabled Coinbase Wrapped BTC (cbBTC) to move fr
CryptoNewsFlash6m ago
"ETH Swing Master" unrealized gains have increased to $12 million, with no positions closed yet. Recently, successfully bottomed out BTC at an average price of $68,000.
March 5 news shows that the "ETH Swing Master" address currently holds a 15x leveraged ETH long position, with an unrealized profit of $9.2 million. At the same time, this address also bought the dip in BTC during the short-term bottom for BTC and ETH, with unrealized profits exceeding $2.8 million. The total unrealized profit now exceeds $11 million, and the outlook remains bullish.
GateNews33m ago
Bitcoin ETFs Draw $462M as BTC Briefly Hits $73K
US spot Bitcoin ETFs saw renewed demand on Wednesday, with inflows broad-based across major issuers as BTC briefly breached the $73,000 level. Net inflows into spot BTC funds reached $462 million for the day, marking the third consecutive day of net buying and lifting the weekly total to
CryptoBreaking47m ago
Bitcoin ETF attracts $462 million, BTC briefly surpasses $73,000
U.S. spot Bitcoin ETF recorded a net inflow of $462 million on Wednesday, with a three-day total of $1.1 billion. BlackRock IBIT was the fund with the largest single-day inflow. Although the capital inflow indicates an improvement in market sentiment, the Fear & Greed Index remains in the "Extreme Fear" zone, and more sustained inflow data is needed to confirm a trend reversal.
MarketWhisper51m ago
US Spot Bitcoin ETFs Add $225M as BlackRock IBIT Offsets Redemptions
US spot Bitcoin ETFs posted mixed trading flows on Tuesday, reflecting a nuanced backdrop for the U.S. ETF market as investors weighed short-term liquidity against broader risk-off sentiment. Data from SoSoValue showed that overall spot BTC ETFs drew a net inflow of $225.2 million, highlighting
CryptoBreaking1h ago
