Analyst: Institutional Spot Demand is Currently Bitcoin's Primary Price Driver

2026.03.05 08:50:26

March 5th update: CryptoQuant community analyst Maartunn took to social media to note, “Bitcoin hit $74,050 this week—and this move isn’t random. Several metrics show institutional demand is driving the breakout: Coinbase’s premium reached $61 per Bitcoin, pointing to a sizeable influx of U.S. institutional buy orders, backed by order flow data.” Institutions have snapped up roughly $790 million worth of Bitcoin via TWAP orders—typically used by large funds to accumulate positions without moving the market—ranging from $10k to $1M in size. Technically, Bitcoin has reclaimed the $71,700 range high and extended its rally. A hold above this level would confirm the range breakout and keep the bullish trend intact. Still, risks remain: Leverage in the derivatives space has spiked, with $3.55 billion (+18%) in new leveraged positions for Bitcoin and $1.8 billion (+17%) for Ethereum. These fresh positions need ongoing spot demand to stay stable. If buying support fades, over-leveraged positions could face quick liquidations, triggering volatility. Right now, institutional spot demand is still the key pillar supporting Bitcoin’s rally.

Add to Favorites Download image Share x Copy link

Relevant content

Yesterday, Bitcoin ETFs posted a net outflow of $61.1 million, while Ethereum ETFs reported a net inflow of $7.4 million.

According to monitoring by Farside Investors, U.S. spot Bitcoin ETFs recorded a net outflow of $61.1 million yesterday, with IBIT seeing a net outflow of $14.3 million and FBTC a net outflow of $46.8 million. U.S. spot Ethereum ETFs posted a net inflow of $7.4 million, all of which came from ETHA.

21 minutes ago

A French residential property was broken into three times after its former owner was revealed to be a crypto millionaire, with two robbers sentenced.

A residence in France’s Somme department was targeted by three groups of robbers in less than a month, who demanded cryptocurrency ransom from the current owner. The incident stems from the former resident’s past crypto wealth, as their financial information was allegedly leaked to the dark web. Notably, the current owner does not hold the relevant crypto assets, and one of the robberies even resulted in the victim being bound and beaten. Two men involved in the third break-in have recently been sentenced to 3 years and 18 months in prison respectively. (Protos)

21 minutes ago

Harmony: Rollback plan is being advanced, minting vulnerability fix activated

L1 public blockchain Harmony tweeted that it is advancing a rollback plan and has reached an agreement with validators and exchanges on the specific implementation path. The fix for the minting vulnerability has been activated, and the full list of attacker wallets will be released soon. Earlier reports noted that the number of abnormally minted ONE tokens on the Harmony network exceeded 3 trillion, involving six anomalous blocks.

21 minutes ago

Crypto whale DoshiAtoll increased its 40x leveraged Bitcoin short positions to 2,135 units, becoming the largest short position holder on Hyperliquid.

Per Lookonchain’s monitoring, whale DoshiAtoll has added to its 40x Bitcoin short position, lifting it to 2,135 BTC worth nearly $136 million — making it the largest short position on Hyperliquid. The short’s liquidation price is $64,592.3, with an average entry price of $63,851.

21 minutes ago

Gambler 0x66f8 keeps adding to his $BTC short, which has now grown to 2,136 $BTC($136M), making him the largest on-ch...

Gambler 0x66f8 keeps adding to his $BTC short, which has now grown to 2,136 $BTC($136M), making him the largest on-chain $BTC bear. Liquidation price: $64,592.3

21 minutes ago

Address poisoning is everywhere. Always double-check the wallet address before sending funds, and never copy an addre...

Address poisoning is everywhere. Always double-check the wallet address before sending funds, and never copy an address from your transaction history. Another victim copied a wallet address from the transaction history and sent funds without double-checking, losing $100K!

21 minutes ago

Hot feeds

A trader profits $448K by monitoring #Binance's new listings!

2024.12.13 17:37:29

Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.