Svmuu News On-chain data analytics firm CryptoQuant stated that ahead of the Federal Reserve's upcoming interest rate decision, sentiment among derivatives market traders has clearly shifted towards bullishness. However, if the Bitcoin price continues to rise, it may encounter resistance in the range of $75,000 to $85,000.
CryptoQuant Head of Research Julio Moreno pointed out that there has been a noticeable increase in long positions in the perpetual futures market recently, indicating that traders generally expect further short-term price upside. As Bitcoin broke through $70,000, a significant number of short positions were liquidated, while new long positions continued to be established above $73,000.
Simultaneously, funding rates also reflect a shift in market sentiment. Bitcoin perpetual futures funding rates remained in "extremely negative" territory before March 13th, but have turned broadly positive since March 15th, suggesting traders are willing to pay fees to maintain long positions. Ethereum funding rates have also mostly stayed positive since March 9th.
However, CryptoQuant notes that if Bitcoin continues to rise, it may first encounter resistance around $75,000, which corresponds to the lower bound of the "Traders’ On-chain Realized Price." The next significant resistance zone is around $85,000, a level that has acted as a price barrier during rallies in October 2025 and January of this year.