Odaily Planet Daily reports that CryptoQuant, a on-chain data analysis firm, said that before the Federal Reserve’s upcoming interest rate decision, derivatives market traders’ sentiment shifted noticeably bullish; however, if Bitcoin’s price continues to rise, it may encounter resistance in the $75,000 to $85,000 range.
Julio Moreno, Research Director at CryptoQuant, noted that recent increases in long positions in the perpetual futures market indicate that traders generally expect further upward price movement in the short term. As Bitcoin broke above $70,000, a large number of short positions were liquidated, while new long positions continue to be established above $73,000.
Meanwhile, the funding rate also indicates a shift in market sentiment. Bitcoin perpetual contract funding rates remained “extremely negative” until March 13, but have since turned generally positive as of March 15, signaling that traders are willing to pay fees to maintain long positions. Ethereum funding rates have also largely remained positive since March 9.
However, CryptoQuant notes that if Bitcoin continues to rise, it may first encounter resistance near $75,000, a level corresponding to the lower boundary of the Traders’ On-chain Realized Price. The next key resistance zone is around $85,000, which previously acted as a price barrier during the rallies in October 2025 and January of this year.