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Bitcoin inflows spike as BTC tests $75K resistance
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Bitcoin inflows spike as BTC tests $75K resistance

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Bitcoin inflows to centralised exchanges surged to 6,100 BTC on March 16, the highest since February, as the asset approached resistance near $75,000.

The spike coincided with Bitcoin’s roughly 12% monthly rally to a six-week high near $76,000, raising concerns that traders may be preparing to sell into strength.

“Historically, spikes in large deposits to exchanges have been associated with increased selling pressure,”

Said CryptoQuant head of research, Julio Moreno.

Large inflows accounted for 63% of total deposits, the highest share since October 2025, suggesting increased activity from bigger holders potentially positioning for distribution.

The move comes ahead of the Federal Reserve’s rate decision, with markets pricing a 98.9% chance of no change, though policymakers may signal fewer or no rate cuts this year amid inflation and geopolitical risks, and following the move Bitcoin was unchanged at $74,020.

Moreno noted that Bitcoin faces near-term resistance at $75,000, a level tied to the lower band of traders’ realised price, which has historically acted as a ceiling during weaker market phases.

The broader realised price sits around $84,700, marking a higher resistance level if Bitcoin breaks out, after repeated rejections near $75,000 on major exchanges including Coinbase.

At the time of reporting, Bitcoin price was $74,264.12.

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