coin-img-ETHETH+7.40%coin-img-BTCBTC+6.40%coin-img-SOLSOL+4.26%coin-img-XRPXRP+4.45%coin-img-XAUTXAUT+0.07%coin-img-TAATAA-50.32%coin-img-USDCUSDC-0.03%coin-img-DOGEDOGE+7.29%coin-img-ETHETH+7.40%coin-img-BTCBTC+6.40%coin-img-SOLSOL+4.26%coin-img-XRPXRP+4.45%coin-img-XAUTXAUT+0.07%coin-img-TAATAA-50.32%coin-img-USDCUSDC-0.03%coin-img-DOGEDOGE+7.29%coin-img-ETHETH+7.40%coin-img-BTCBTC+6.40%coin-img-SOLSOL+4.26%coin-img-XRPXRP+4.45%coin-img-XAUTXAUT+0.07%coin-img-TAATAA-50.32%coin-img-USDCUSDC-0.03%coin-img-DOGEDOGE+7.29%coin-img-ETHETH+7.40%coin-img-BTCBTC+6.40%coin-img-SOLSOL+4.26%coin-img-XRPXRP+4.45%coin-img-XAUTXAUT+0.07%coin-img-TAATAA-50.32%coin-img-USDCUSDC-0.03%coin-img-DOGEDOGE+7.29%

Bitcoin Breaks Above $71,700 Range as Institutional Spot Demand and Rising Leverage Drive Rally

Bitcoin climbed to $74,050 this week, with institutional demand driving the move, CryptoQuant community analyst Maartunn said in a March 5 post cited by ChainThink. The Coinbase premium hit $61, pointing to significant U.S. institutional buying confirmed by order flow, while about $790 million in Bitcoin was accumulated via TWAP orders between $1 million and $10 million. Bitcoin has moved back above the upper boundary of the $71,700 range, with Maartunn stating that sustained trading above this level would validate the breakout and keep the outlook bullish. He also cautioned that derivatives leverage has risen quickly, with $3.55 billion in new leveraged positions in Bitcoin (+18%) and $1.8 billion in Ethereum (+17%), and that any drop in buying pressure could trigger rapid liquidations and heightened volatility.
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