Analysis: Institutional funds drive bitcoin strength, but pressure remains to break through the $75,000 resistance level

ChainCatcher reports that bitcoin briefly surpassed $74,000 on Monday, continuing its upward trend this week. Analysts believe strong institutional demand is driving the price, and global crypto ETF products saw net inflows of around $1 billions last week, marking three consecutive weeks of positive inflows. Among them, US bitcoin spot ETFs dominate, with Strategy and other companies continuing to increase their bitcoin holdings. BlackRock's bitcoin ETF attracted approximately $1.75 billions in inflows over the past three weeks.

Despite the return of institutional funds, market structure shows that the rally remains fragile. Crypto market liquidity has tightened since the end of January, and the proportion of short-term holders in profit is below 50%. The options market has concentrated open interest near $75,000, which could amplify price volatility if this level is breached. Analysts point out that bitcoin has formed an accumulation zone in the $62,000–$72,000 range and may continue to fluctuate within this range in the short term. If the $75,000 options cluster is broken, derivatives hedging could accelerate the rally; if not, consolidation may persist, with investors watching developments in war, energy markets, and Federal Reserve policy.