Bitcoin (BTC) “annihilated” low sellers with its recent trip to monthly highs as cryptocurrency liquidations surpassed $500 million.

Key Points:

• Bitcoin bears suffer as BTC price hits $74,000.

• The analysis anticipates more liquidations in the future, including long positions, with the market possibly falling below $70,000 to test support.

• Bitcoin inflows begin to copy broad ETF rebound by 2026.

BTC Price Analysis: “Bulls Just Regained Control”

New analysis from CryptoReviewing, the pseudonymous co-founder of trading community Wealth Capital, claims that the “entire market scenario” for Bitcoin has changed.

Over the past few days, BTC price fluctuations eliminated both long and low positions worth hundreds of millions of dollars, but ultimately the journey to $74,000 cost more.

“The bears just got wiped out,” CryptoReviewing concluded.

Accompanying exchange order book data from the monitoring resource CoinGlass shows prices breaking through liquidation walls.

Wednesday’s combined Bitcoin and altcoin liquidation reached $600 million, with more low positions removed than at any time since February 25.

“And now the entire market scenario has changed… At $73,000-$75,000, we have a large liquidity zone that can be pushed, potentially leading to even higher levels,” CryptoReviewing continued.

“However, below $65,000 – $71,000, approximately 4 times more liquidity has been accumulated, making it a “more likely” zone from a liquidity perspective to visit next. The bulls have just regained control. “

Such a support test is also planned for Keith Alan, co-founder of the Material Indicators trading platform.

As part of a new market analysis released on Wednesday, Alan argued that a consolidation phase should be part of a credible trend change.

“A test of support sooner or later would be fit, but I’m not sure the market will make it that uncomplicated for us. Regardless of how the situation develops, IMO, the longer the grind lasts, the more sustained the rally will likely be,” he wrote.

Nevertheless, Alan cautioned that long-term bearish signals remain in place, expecting Bitcoin’s “next decline” to come from the current setup.

Bitcoin ETF in spotlight amid ‘historic acceleration’

As Cointelegraph reports, the price increase was accompanied by renewed interest in Bitcoin from institutional sources.

Related: “This Is Not World War III:” Five Things to Know About Bitcoin This Week

US spot Bitcoin Exchange Traded Funds (ETFs) saw a net inflow of almost $500 million on Wednesday.

Data from a British investment company Investors from Farside confirms that since February 24, fund inflows have been net positive on all but one trading day. Even then, outflows were modest at just $27.5 million.

So far in March, ETFs have raised more than $1.1 billion in capital.

Commenting, trading news source Kobeissi Letter noted that interest in ETFs has increased significantly this year, leaving U.S. Bitcoin and Ethereum offerings lagging after months of outflows.

“Investors are pumping money into US funds at a record pace: US-listed ETFs have earned +$380 billion so far in 2026, marking their best year on record. This represents an raise of +80% compared to the first two months of 2025.” revealed on X

Kobeissi described the U.S. ETF industry as “experiencing a historic acceleration in investor demand.”