Institutional flows push Bitcoin to $74,000, but $75,000 resistance remains strong.

ChainCatcher report: On Monday, Bitcoin briefly broke above $74,000, continuing its upward momentum this week. Analysis suggests strong institutional demand is driving the price, alongside approximately $1 billion in net inflows into global crypto ETFs last week—marking the third consecutive week of positive inflows. U.S. spot Bitcoin ETFs dominate these inflows, with Strategy and other firms continuing to accumulate Bitcoin; BlackRock’s Bitcoin ETF has attracted around $1.75 billion in inflows over the past three weeks. Despite the return of institutional capital, market structure indicates lingering vulnerability in the rally. Crypto market liquidity has tightened since late January, with the percentage of short-term holders in profit below 50%. Options markets show concentrated open interest near the $75,000 level, which could amplify price volatility if this level is breached. Analysis notes that Bitcoin has formed an accumulation zone between $62,000 and $72,000 and may remain range-bound in the short term. A breakout above the dense options zone at $75,000 could accelerate gains through derivative hedging; failure to break through may lead to continued consolidation as investors await developments in geopolitical conflicts, energy markets, and Federal Reserve policy.