#GateAIGateClawOfficiallyLaunches

On March 15, bitcoin bulls took decisive action after taking a pause the previous day following sellers' pushback at the monthly high test. The opposition failed to capitalize on their success, which became the catalyst for forming a new wave of buying.

In the morning hours of Monday, the upward momentum led to a new test of the monthly maximum ($74 000). At the time of writing, the struggle for this level continues.

The Fear and Greed Index remained in the zone of extreme fear, jumping from 15 to 23 points.

According to Coinglass, over the last 24 hours, bitcoin short liquidations of ($99.5 million) accounted for 92.5% of the total figure together with long liquidations.

CryptoQuant linked bitcoin's consolidation at levels above $70 000 to the SOPR coefficient as applied to long-term investors, which reached a level of 1. Analysts explained this by "veterans" protecting their purchase levels at $70 650. They separately noted the depletion of miner sales, which was reflected in the Puell Multiple (Puell Multiple).