Bitcoin climbed to an intraday high of $75,937 during Asian trading on March 17, marking its first break above the $75,000 level since early February. The source says BTC had bottomed near $63,000 when the Iran conflict intensified in late February, then recovered into the $74,000 to $76,000 range.
The move was accompanied by heavy liquidations across leveraged crypto markets. According to the article, total liquidations reached nearly $498 million, with more than $330 million coming from short positions as bearish trades opened during the February sell-off were forced out.
Fund inflows and a fresh Strategy purchase added support
The report says Bitcoin led weekly inflows with $793 million, while the past three weeks brought in a cumulative $2.7 billion, taking net inflows for the year to around $1.2 billion. On March 16, Michael Saylor’s Strategy disclosed a purchase of 22,337 BTC at an average price of $70,194, for a total of roughly $1.57 billion.
The same piece notes that Bitcoin has risen about 10% since late February, a period when regional tensions pushed markets to price in the risk of energy supply disruptions. Over that stretch, BTC outperformed the S&P 500, Nasdaq 100, gold, and silver. The article frames that pattern as support for the view that Bitcoin is being treated less like a pure risk asset and more like a macro hedge.
$75,000 turns into the key near-term level
On the chart, the article argues that a clear move above $75,000 on strong volume could open a path back to $80,000. Beyond that, the next resistance zones listed are $85,000, $93,000, and $101,000. If price fails at current levels, BTC could fall back into the $62,000 to $72,000 range that has held for more than a month. The source identifies $72,000 and $70,000 as the levels bulls need to defend.
At the same time, the article says professional traders remain cautious. Funding rates and futures premiums are still moderate, suggesting that price has moved faster than conviction and that sustained volume is still needed to confirm the rally.
Playnance opens G Coin trading on March 18
Running alongside Bitcoin’s price action, Playnance launched the Token Generation Event for G Coin on March 18. Before public trading began, the presale had already closed with $38.9 million raised and more than 202,000 holders, according to the source.
The article says the Playnance ecosystem processes about 2 million daily transactions across more than 10,000 on-chain games, connects to 2.5 million sports events annually, and reaches over 100 financial markets through more than 2,000 connections. G Coin is positioned as the token used for payments, settlements, rewards, and participation in prediction markets across that ecosystem.
Total supply is fixed at 77 billion tokens. About 24.37 billion are in circulation, while more than 3.15 billion are locked through ecosystem activity. The report adds that unsold presale tokens are subject to a 12-month cliff followed by gradual release over 24 months. On the infrastructure side, PlayBlock is described as the gasless on-chain processing layer, while PlayW3 connects users to gaming and prediction markets. Together, they support more than 30 game studios, 6,000 affiliates, and over 2,000 partner platforms.