Analysis: The four major DAT giants increased their holdings simultaneously for the first time in six months, helping BTC break through the $70,300 resistance level.
PANews reported on March 13th that Newfire Research Institute, a subsidiary of Newfire Technology (1611.hk), published an analysis stating that BTC successfully broke through the key resistance level of $70,300 with increased volume. Major funds maintained a steady net inflow, effectively clearing out the floating shares that had been fluctuating in the $60,000 range and successfully establishing a new price center. In the past six months, four leading DAT companies—Strategy, MARA, BitMine, and SharpLink—have collectively increased their positions for the first time since March. Latest data shows that these institutions now hold 5.5% of the total BTC supply. This institutional-level "resonance" not only solidifies the price center after the breakout but also signifies that the market has entered a consolidation phase of upward movement.
Meanwhile, the traditional financial system is paving the way for Bitcoin's compliance at an unprecedented pace. The US February CPI data met expectations, and the market has fully priced in the expectation of unchanged interest rates in March. The elimination of macroeconomic uncertainty provides a clear window for observing large-scale capital inflows. From the upcoming announcement of the first batch of stablecoin licenses in Hong Kong to Wells Fargo's official entry into the stablecoin market with the WFUSD trademark, traditional financial giants have transformed from "observers" to "infrastructure builders." In particular, VanEck's push to include digital asset ETFs in corporate 401(k) retirement plans and Kraken's xStocks tokenized stock trading volume reaching new highs in partnership with Nasdaq are gradually integrating crypto assets with traditional finance. Furthermore, Coinbase's consistently maintained positive premium is direct evidence of the robust purchasing power of US institutional investors.
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