$BTC The coin has been trading below $75,000 for several weeks, even as whales and financial institutions have increased their holdings of the coin.
Sell walls are the result of macroeconomic tensions, causing a rebalance between buys and fire sales.
The key event to watch is the Fed’s interest rate decision, expected within a week.
Bitcoin ($BTC) has traded consistently below $75,000 for the past 35 days since falling below this level on February 4th. This month, the flagship cryptocurrency hit $74,031 on the back of optimism regarding favorable regulations, but has since traded at $70,525 at the time of writing.
Source: CoinMarketCap
Bitcoin sell wall at $75,000
Several recent developments, including a surge in whale purchases and steady institutional accumulation, should push the price above this resistance.
Blockchain analytics platform CryptoQuant shows a sharp increase in normalized order volume (more than $1 million) for whale trades this month. The current number of whales in stock is 3.204 million. $BTC – Highest cumulative amount since 2024.
$BTC Whale purchases continue to increase.
Also, a sell wall has formed up to 75k. pic.twitter.com/nxYQRXcByt
— CW (@CW8900) March 11, 2026
Last week, inflows into digital asset investment products reached $619 million for the second week in a row. Spot Bitcoin ETF inflows have already reached $418.03 million this week, led by BlackRock with $295.31 million.
Bitcoin treasury companies are not left out either, with Strategy recently purchasing $1.28 billion worth of Bitcoin.
The recent drop in oil prices due to the US-Iran conflict and the shift of investor funds from gold to digital assets have also contributed to $BTCrising momentum.
Still, the $75,000 sell wall is still there, suggesting whale sales at these prices rather than continued accumulation. In addition to next month’s inflation data, there is also heightened market uncertainty regarding the Federal Reserve’s upcoming announcement on interest rates. The latter takes into account past oil prices that have soared to more than $100 per barrel, which could lead to short-term risk-off. $BTC sale.
$BTC price prediction
$BTC A break above $72,000 could signal a bullish recovery, with a short squeeze and possible Fed rate cuts fueling further upward momentum. A fall below $65,000 could lead to further decline towards $60,000.
Regarding the ongoing war, US President Donald Trump has said the war could end “soon”, a claim Iran has dismissed as nonsense. For now, the US continues to destroy mine-laden ships in the Strait of Hormuz, while Iran considers US Silicon Valley companies to be “legitimate targets” due to their ties to the US military.
