HomeNewsBitcoin Rebounds 4% After CPI Data, But Can Bulls Break $75K Resistance?

Bitcoin Rebounds 4% After CPI Data, But Can Bulls Break $75K Resistance?

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Bitcoin surged nearly 4% after a cooler-than-expected February CPI report printed at 2.4%, sparking a short squeeze that liquidated over $267 million in positions. However, analysts note the rally faces significant on-chain resistance, with a dense liquidity cluster and persistent short bias threatening to cap further gains unless bulls demonstrate stronger conviction.


Bitcoin showed resilience following key macroeconomic data releases, trading above its early February low near $59,000. The latest Consumer Price Index report from the Bureau of Labor Statistics came in at 2.4%, below expectations and shifting debate in favor of bulls.

The reaction saw Bitcoin close up 3.93%, marking its strongest intraday gain in two weeks. Short liquidations accounted for roughly 85% of the $267 million flushed from the market. Despite this, bears argue that annual inflation remains elevated, as noted by critics.

On-chain data reveals a persistent short bias, with Bitcoin’s funding rates remaining negative. A dense short-side liquidity cluster is forming between $70,000 and $75,000, presenting a key resistance zone. Analysts observe roughly $150 million in Bitcoin sell pressure in this range.

While BTC ETFs saw a $15 million inflow after two days of outflows, the trend is considered weak. Data indicates U.S. investors are not yet stepping in aggressively. The technical setup suggests the rally was fueled more by a short squeeze than sustained buying pressure.

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