#加密市場回漲 The cryptocurrency market is currently showing significant warming momentum. Bitcoin leads the charge: Bitcoin (Bitcoin) has recently reclaimed the 71,000 USD mark and surged above 73,000 USD in March 2026. Sector rotation: Artificial intelligence (AI) concept coins are performing strongly, with the sector showing overall gains exceeding 10%. Major coins follow: Ethereum (Ethereum), Solana (SOL), and Dogecoin (DOGE) and other major cryptocurrencies are generally rising in sync with Bitcoin, with gains around 5%. Key drivers of market recovery Political and geopolitical factors: Market concerns about geopolitical conflicts have eased, with risk-averse sentiment shifting toward risk assets. Policy expectations surrounding former U.S. President Trump and related personnel nomination announcements have provided volatility stimulus to the crypto market. Institutional capital inflows: Bitcoin spot ETFs continue to attract capital, with net monthly inflows reaching 2.5 billion USD. Public companies like MicroStrategy (MicroStrategy) continue to add Bitcoin to their financial reserves, prompting more companies to follow suit. Regulation and legalization: The United States has passed The Genius Act (The Genius Act), formally recognizing crypto assets and establishing a regulatory framework for stablecoins. Mainstream financial institutions (such as BlackRock and JPMorgan Chase) and exchanges (such as the New York Stock Exchange) are actively positioning themselves in crypto asset trading. $BTC $DOGE $ETH

Coin News reports, ME News reports, on March 25 (UTC+8), CryptoQuant analysis states that Bitcoin short-term holders' realized price is higher than the current price, causing selling pressure on every rebound. These holders collectively hold approximately 5.7 million BTC, of which only about 8% are in profit, and approximately 92% are in loss, leading to massive supply pressure on the market. Additionally, the strategy's realized price (approximately 762,000 BTC) is near $75,600, which is precisely the area where recent rebounds have encountered resistance, and the market has reacted to this level.

CryptoQuant analysis indicates that Bitcoin is currently trading at approximately $70,000. Short-term holders (STH) have a realized price higher than the current price, with only about 8% of the approximately 5.7 million BTC in profit and about 92% in loss, forming potential selling pressure. Meanwhile, Strategy's approximately 762,000 BTC has a realized price of about $75,600, which is consistent with the recent price rebound resistance zone. The overall average realized price is approximately $54,000, a level where prices typically fall back to or remain below during historical bear markets. Data shows the current market faces resistance at the upper cost zone, compounded by concentrated loss positions, indicating the structure remains relatively fragile.