VX: TZ7971

Recent market dynamics of BTC

Dynamics of main capital

Over the past 12 hours, the main capital inflow in the BTC market has been significant, reaching as high as $226 million, far exceeding the $101 million in outflows, resulting in a net inflow of $125 million. This indicates a strong willingness of the main forces to buy, and shows obvious signs of accumulation.

Technical analysis indicators

The current BTC price is firmly above the EMA24 and EMA52 moving averages, and the EMA moving averages have formed a golden cross and are pointing upwards. In addition, the MACD's bullish crossover above the zero line confirms the upward momentum. However, despite showing overbought conditions, the main capital still shows signs of supporting the bottom, suggesting limited room for short-term correction.

ETF capital inflow situation

Recently, the net inflow of the US spot BTC ETF has reached a new high in nearly two weeks, reaching $275 million, with the largest inflow being $127 million into the FBTC ETF. This capital inflow is positively correlated with the BTC price, injecting optimistic sentiment into the market.

Liquidation data and leverage operations

In the leveraged market, there has been a relatively large-scale liquidation in the short term. In the past hour, the total contract liquidation amount on the network was $13.42 million, with BTC long positions accounting for 33.57% of the liquidation, reaching $4.5 million. In addition, some whales have realized their profits on short positions, such as 512.64 BTC short positions that were fully closed this morning, with a total profit of $6.21 million, while 50x leveraged holders have also cleared 6,210.89 BTC short positions, with an estimated profit of $9.46 million.

Market views and expectations

Currently, BTC trading volume is active, and capital is showing a positive flow trend, which may drive the price to break through further. Considering the current strong inflow of main capital and technical indicators, BTC has the potential to be bullish in the short term. Intraday, attention should be paid to the $84,000 resistance level, and a breakout and consolidation above this level is needed for further upside, otherwise it may still come down.

Pay attention to the market leverage risk and ensure reasonable position management to prevent liquidation losses.

Federal Reserve Interest Rate Decision

The Federal Open Market Committee (FOMC) of the United States will hold an important meeting from March 18 to 19, which may have a profound impact on US economic policy and the cryptocurrency market.

At this meeting, the Federal Reserve (Fed) will make important decisions related to the US economy, particularly whether to cut interest rates. Interest rate cuts are generally seen as a positive signal, providing growth momentum for the cryptocurrency market.

However, the Fed Chairman Powell has repeatedly stated this year that he has no intention of cutting interest rates. This has led to capital outflows from the cryptocurrency market, seriously affecting investor sentiment. At the same time, Powell and the Federal Open Market Committee are weighing larger factors in the US economy, including the relationship between interest rate cuts and inflation, as well as the impact of tariff policies. These factors make many believe that Powell is unlikely to change his stance.

Currently, the cryptocurrency market is facing many major challenges. The market has been in a "extreme fear" state recently, although sentiment has improved somewhat. However, the cryptocurrency industry still lacks enough compelling stories to attract the attention of mainstream consumers. For a market to survive and develop, it not only needs to avoid crises, but also constantly create growth momentum. Unfortunately, no such powerful story has emerged so far.

In other words, the FOMC may be the greatest hope for igniting new momentum in the cryptocurrency market. After Trump's election, the cryptocurrency market experienced strong growth, but then stagnated and lost its upward momentum. As the connection between cryptocurrencies and traditional markets becomes increasingly tight, the decline of the industry may trigger a broader economic recession. Therefore, the industry needs to find a way to restore investor confidence.

Will Trump's intervention change the situation?

This FOMC meeting may become an important "lifeline" for the cryptocurrency industry. Recent US CPI reports showing inflation lower than expected have brought some positive signals to the cryptocurrency market. These data may help convince Chairman Powell that the US economy can withstand another rate cut. However, the market has not pinned all its hopes on this report.

Instead, Trump may play a key role in changing the situation. He has publicly supported rate cuts many times and has even called himself the "Crypto President". He has also taken many measures to support the industry. Therefore, it is possible that Trump will put pressure on the FOMC to force it to cut interest rates.

A typical example of Trump's influence is his recent display of Tesla products in the White House. Tesla's stock price had previously fallen, raising concerns about the company's valuation collapsing. However, after Trump publicly supported Tesla on March 10, the company's stock price rebounded. Tesla is closely linked to the cryptocurrency market, clearly demonstrating Trump's understanding of the power of market narratives on asset values.

In other words, Trump is aware of the power of market narratives and is willing to take action to influence them. If he can convince the Federal Open Market Committee to cut interest rates, this could provide an important "lifeline" for the cryptocurrency market.