Bitcoin Integrated Market Index Hits 96 After 178-Hour Bearish Futures Streak Ends

Bitcoin's Integrated Market Index rose to 96 on March 16, its highest level in 30 days, after futures taker flow reversed and ended roughly 178 hours of bearish positioning that began on February 15, analyst Axel Adler Jr. said. Adler's model aggregates derivatives signals such as futures flows and price deviation on a 0–100 scale, classifying readings above 55 as bullish and below 45 as bearish, and it turned higher on March 10 when both taker flow and open interest rose together. With Bitcoin briefly trading above $74,000 on March 16, the model now places its 30-day fair value near $70,000, implying a premium of about $3,400 that Adler suggests can persist during periods of strong demand while the derivatives flow index remains elevated. CoinGecko data show total crypto market capitalization increased 2.6% to just under $2.6 trillion over the past 24 hours, as BTC pushed above $74,000, Ethereum moved past $2,200, several major altcoins gained more than 10% in seven days, and about $380 million in leveraged positions were liquidated, including roughly $303 million from traders positioned for price declines.