PANews February 21 News, according to The Block, on-chain analysis firm Glassnode pointed out that Bitcoin has fallen below the True Market Mean. Historically, this indicator has often served as the dividing line between expansion and contraction cycles. Currently, the structural support level below may be around $54,900. Additionally, the net flow of US spot Bitcoin ETFs has resumed a continuous outflow, weakening the support previously provided by marginal demand. In the derivatives market, panic sentiment has eased but has not turned optimistic. Implied volatility has retreated from its high levels, indicating traders are unwinding downside protection positions but have not yet widely established long positions.
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
Bitcoin Hits 40-Day High At $74.3K As Crypto Market Adds $320B
Bitcoin surged by $1,800 to a 40-day high of $74,300 in just 30 minutes, reflecting increased investor optimism amid ongoing geopolitical tensions. The crypto market gained $320 billion, as short positions worth $113 million were liquidated, highlighting a potential bullish trend.
BlockChainReporter8m ago
BTC Short-Term Rise of 0.73%: On-Chain Fund Inflows to Exchanges and Short Liquidations Create Amplified Uptrend
2026-03-16 10:45 to 11:00 (UTC), BTC experienced short-term price volatility, with a return rate of +0.73% within 15 minutes. The trading price range was 73230.0 to 73784.0 USDT, with a fluctuation amplitude of 0.76%. During this period, market attention increased, with trading volume and volatility both intensifying compared to normal levels, as investors focused on the driving factors behind the volatility.
The main driver of this volatility was multiple large-scale on-chain BTC fund inflows into a major exchange——data showed separate inflows of 1,500 BTC and 800 BTC, with active on-chain
GateNews10m ago
BlackRock ETF address transferred 1701 BTC to a certain CEX, worth approximately $125 million
Gate News reports that on March 16, according to Onchain Lens monitoring, a BlackRock ETF address transferred 1701 BTC to a certain CEX, valued at approximately $125 million.
GateNews30m ago
BlackRock ETF address deposits 1701 BTC to a certain CEX, worth approximately $125 million
Gate News reports that on March 16, according to Onchain Lens monitoring, BlackRock ETF addresses deposited 1701 BTC to a certain CEX, valued at approximately $125 million.
GateNews30m ago
Crypto Market Cap Surges Past $2.5T As Bitcoin and Ethereum Rally
The crypto market is recovering, with a market cap of $2.52T and a 3.23% increase. Bitcoin and Ethereum rose by 3.20% and 7.28%, respectively. Other gains include D ($D) at 728.37%. DeFi TVL and NFT sales also increased, while the Australian Senate supports a crypto regulatory framework.
BlockChainReporter38m ago
