Between 08:30 and 08:45 (UTC) on March 4, 2026, BTC recorded a +0.83% return, with a price range of 69,305.8 to 69,914.2 USDT, and an amplitude of 0.88%. In a short period, market attention significantly increased, trading volume expanded compared to usual, reflecting rapid capital flow and heightened volatility.
The main drivers of this movement were partial short covering and concentrated liquidation of leveraged positions. Previously, after BTC tested a key support level, short positions were forced to cover and buy, pushing the price higher. Meanwhile, on-chain large transfers and average transaction amounts increased noticeably, indicating active participation by institutions and large investors, combined with technical oversold recovery, creating strong upward momentum.
Additionally, the outflow pressure of ETF-related funds temporarily eased, coupled with optimistic sentiment about policy benefits (such as the expected passing of the CLARITY Act), prompting some funds to position early. The fear and greed index dropped to a historic low, prompting some investors to buy the dip against the trend. At the same time, active addresses and transaction counts on the chain increased, restoring market participation. On the technical side, the daily RSI fell from extreme oversold levels to neutral, and momentum indicators showed short-term recovery needs. Macroeconomic asset volatility and short-term risk aversion among funds amplified the impact of this movement.
It is important to note that BTC remains in a high-volatility zone, and the short-term rebound faces strong resistance at $72,000. The ETF fund outflow trend has not fully reversed, and market sentiment still risks further deterioration. It is recommended to closely monitor large on-chain fund movements, market sentiment indicators, and key technical support and resistance levels, as short-term volatility risks should not be underestimated. For ongoing market updates and in-depth on-chain data, please follow mainstream market platforms and on-chain monitoring tools.
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
K33: Bitcoin Consolidation Range Selling Pressure Weakens, Market May Be Transitioning from Distribution Phase to Bottom-Building Phase
K33 research report states that Bitcoin has recently oscillated within the $60,000 to $75,000 range, with weakening selling pressure in the market, displaying characteristics of establishing a bottom. Long-term holders tend to accumulate coins, which helps stabilize prices, but macroeconomic uncertainty remains, which may impact risk appetite and capital inflows.
GateNews13m ago
Bhutan Moves $37.75M in Bitcoin, Signals Renewed Selling Activity
After transferring a substantial amount of Bitcoin, the Kingdom of Bhutan has returned to the crypto spotlight. Crypto and blockchain analytics firm Arkham recently reported that Bhutan recently emptied the primary holding addresses of Bitcoin with a value of about 37.75 million dollars.
Bhutan
BlockChainReporter14m ago
Gold and Silver Rise Over 2% Intraday, BTC and ETH Volatility Indices Both Drop Over 3%
According to Gate News, on March 25, gold and silver prices rose to $4,566.21 per ounce and $72.860 per ounce, respectively. The volatility indices for Bitcoin and Ethereum declined slightly. In foreign exchange, the US dollar appreciated marginally against the Chinese yuan and Japanese yen. European stock indices generally rose, while WTI and Brent crude oil prices declined slightly. The Gate platform has integrated multiple financial products, facilitating users' global asset trading.
GateNews15m ago
Empery Digital, a Bitcoin treasury company, sold common stock to raise $25 million and reduced its holdings by 63 BTC last week.
Bitcoin treasury company Empery Digital announced a fundraising of $25 million at $5.39 per share, planning to sell 4,638,219 shares of common stock and an equal number of warrants. The new funds will be used to repay share repurchase loans, while also disclosing the sale of 63 bitcoins at an average price of $72,791 per bitcoin, with current holdings reduced to approximately 3,439 bitcoins.
GateNews15m ago
NASDAQ-listed company CIMG released Q1 financial results, holding 730 bitcoins valued at $63.97 million
Gate News reports that on March 25, Nasdaq-listed company CIMG released its first quarter 2026 financial report. The financial statement shows that as of December 31, 2025, the company holds 730 Bitcoin, with a book value of $63,978,821. In terms of revenue, CIMG achieved total revenue of $15,768,796 in the three months ending December 31, 2025, compared to $22,853 in the same period of the previous year.
GateNews17m ago
