BTC jumps by 8.07% to reach $73,340, breaking through the resistance level at $73,000 as the trading volume over 24 hours reaches $68.3 billion
The market capitalization reaches $1.47 trillion, maintaining a dominance ratio of 58.84% in the cryptocurrency market
Bitcoin cash exchange-traded funds recorded inflows of $458.2 million and $225.2 million from March 2 to 3, reflecting previous outflows
Market overview
BTC price movement shows strong momentum with volume confirmation for breaking the $73,000 level
The market dominance ratio remains stable at 58.84% as the total market cap of cryptocurrencies reaches $1.47 trillion
Total inflows from institutions through Bitcoin Cash ETFs exceeded $683 million over two days, indicating renewed confidence
Driving fundamental factors
MicroStrategy bought 1,000 BTC in just one day, setting a record for purchases as the price surpassed $73,000
The American Bitcoin mining company owned by the Trump family has accumulated more than 500 BTC in 21 days, bringing its total to 6,500 BTC
Michael Saylor indicated that there are plans for further purchases, noting that his buying power exceeds selling pressure
The transfer of 1,498 BTC worth $109.8 million to Coinbase Institutional indicates continued institutional accumulation
Smart money flows
Long whales hold 389 positions with an average entry of $77,874, currently trading below the entry level
Short whales dominate with 728 positions and an average entry of $82,119, with a long/short ratio of 0.34
Top traders showed net selling pressure, with $5.49 million sold against $1.67 million bought in the last hour
Profitability levels vary, with 267 long whales and 242 short whales currently making profits
Trading strategy
The key resistance level at $73,072 has been broken; the next targets are in the range of $75,000–$78,915 if momentum continues
The Relative Strength Index shows neutral to bullish momentum, with a bullish accuracy of 66.7% and three bullish signals
It is recommended to accumulate in the range of $72,000–$73,000 with a stop loss set at $70,500
Daily trading volume must remain above $60 billion to confirm the validity of the current breakout
Risk warning
The Fear and Greed Index at 19 indicates a state of extreme fear despite the rise, warning of potential volatility
A long/short ratio of 0.34 indicates dominance of short positions, creating the risk of short pressure above $75,000
Traders with high leverage should reduce their exposure to 3 times or less and maintain a strict stop loss.