TechFlow News, March 16: QCP Capital published an analysis stating that approximately 8,000 open contracts (BTC-27MAR26-75K-C) are clustered around the $75,000 strike price for BTC options expiring at month-end. If the price breaks above this level, market makers will be forced to hedge using near-term call options or spot positions—potentially triggering a gamma squeeze and further amplifying upward momentum. The current key resistance level stands at $74,500, with a dense concentration of short positions awaiting liquidation above this level.
Meanwhile, escalating geopolitical tensions are driving sustained expansion in on-chain liquidity. Heightened tensions related to Iran have prompted more users to seek cross-border liquidity via on-chain channels. Last week, USDC supply hit a record high of $81.1 billion, contributing to broader stablecoin supply growth.
On the institutional front, Bitcoin spot ETFs have recorded net inflows for five consecutive days. BlackRock’s ETF has seen net inflows for three consecutive weeks, totaling $1.75 billion. Strategy is also continuing to accumulate BTC. Currently, BTC and ETH are trading above $74,000 and $2,270 respectively—diverging from the trends observed in equities and gold.
