🕵️ Blackrock withdrew 3,719 $BTC ($274.41M) from Coinbase in the past 9 hours and deposited 2,018 $BTC ($124.88M). Net inflow: 2,018 $BTC ($149.53M).

March 17 Afternoon BTC Analysis: Abnormal Rally is a Trap! BTC Rebound Space is Limited, Patiently Wait for Key Nodes BTC rebound is about to top out, must fall below 80,000, daily line breakout above 75,000 appears strong, but is actually the 4th wave rebound on the weekly chart, not a trend reversal. US stocks and gold are weakening simultaneously, BTC's counter-trend rally is abnormal, harboring risks of luring longs. The rebound high will likely be in the 78,800-80,000 range, with limited upside space. Focus on key time windows on March 19 and April 6, with a potential wave top around early April 6. Short-term suggestion: deploy shorts, enter shorts at 75,300-76,000, target 73,000-72,500 #比特币站上7.5万美元

🚀 BITCOIN SURGE NOT DRIVEN BY FOMO 10x Research states that Bitcoin's recent surge did not come from new money inflows, but was primarily due to put option liquidations. ⭐ Mechanism behind it: 🟢 Many put orders in the $55K–$60K zone were closed 🟢 Market makers forced to buy BTC to hedge 🟢 Create buying pressure → push price sharply higher ⭐ Results: 🟢 BTC broke through resistance zone $73,750 – $74,400 🟢 At times approached nearly $76,000 ⭐ Key point: No large call option money inflows yet → Meaning no genuine bullish momentum from the market ➡️ Conclusion: Current upward momentum is more (hedging-driven) in nature rather than a sustainable trend → caution warranted on pullback sessions.