Shorts crowd in as Bitcoin’s structure turns bullish: Will BTC fall again?

Bitcoin is no longer moving like a market under control. It is moving like pressure has started slipping out of bearish hands.

On the 17th of March, key signals aligned at once. The Inter-Exchange Flow Pulse rose, Spot sell pressure near $75K weakened, and funding stayed deeply negative.

Therefore, this did not look like a random bounce. It looked like a market preparing to punish stubborn bears.

Bitcoin’s structural signal turns bullish again

The Inter-Exchange Flow Pulse crossed back above its 90-day moving average. Historically, that signal appeared when exchange liquidity started rotating with purpose again.

That was not retail noise. Those flows usually reflected activity from market makers, arbitrage desks, and larger hands repositioning capital. In particular, similar flips showed up before stronger expansion phases in 2016, 2019, and 2023.

Source: CryptoQuant

After a long stretch of suppressed flows in 2025, this change hit differently. It suggested that professional capital had started moving again instead of sitting frozen.

Meanwhile, that kind of rotation often arrived before broader trading activity expanded. The market rarely sent that message politely.

The $75K sell wall disappears as BTC pushes higher

Bitcoin [BTC] then pushed into $75K, and the spot market stopped offering real resistance. Sell orders around that zone thinned out, which meant the overhead wall started losing its teeth.

Source: X

That mattered more than most traders wanted to admit. When ask-side liquidity faded, buyers no longer needed to fight through stacked supply.

Therefore, upward movement became easier, cleaner, and more dangerous for anyone still expecting rejection.

This was the ugly part for bears. They had leaned on visible resistance, and that resistance started disappearing in real time. Failure to do so would see the price stall again below the range. It did not, though, and that said enough.

Are negative Funding Rates fueling the next squeeze?

Funding stayed deeply negative even as Bitcoin rose, showing shorts were overcrowded and increasingly trapped. Crowded positioning often fueled violent reversals once price refused to break lower.

Source: X

However, squeezes needed spot demand too, and with sell pressure already weakening near $75K, this looked stronger than a cheap bounce.

Final Thoughts

• Bitcoin’s structure improved before sentiment caught up, and that was usually where real moves began.
• If Spot demand held firm, deeply negative funding could have fueled the next brutal squeeze higher.