Crypto prices enjoy a solid March relief rally. But, how and why?

cointelegraph.com:

After a rocky start to the new year, March may finally have set the crypto markets back on an upward trajectory. Back in February, news of the war between Russia and Ukraine created significant opportunities for traders to reenter the market at diminished prices. This did not last long, however.

The market soon began to recover, and traders who hoped to see Bitcoin (BTC) fall below $40,000 once more were left on the sidelines.

On March 28, Bitcoin rose back above $48,000 after nearly three months of consolidation. But, surprisingly, key stakeholders with 100 to 10,000 BTC held in their wallets have continued to quietly take profit.

Whales dumped 178,150 BTC over the course of five months, equating to $8.39 billion at current price levels.

Yet, shark and whale Tether (USDT) holders have also dumped $816.4 million in Tether in just three weeks, which compounds the concern further. A bullish scenario would typically need these high-tier traders to hold more USDT as it implies more buying power.

One of Santiment’s primary metrics confirming that a flat or bearish market may be ending is Mean Dollar Invested Age, and it measures the average age of investments in Bitcoin.

In short, a flattening or lowered period indicates that previously dormant tokens have been moving and reveals a greater chance of long-term bullish price movement.

An extended tapering-off period can be seen for the first time in 2022, outside of a few one-day dips in BTC’s Mean Dollar Invested Age line. In most cases, this line tapering off generally foreshadows good long-term prospects for an asset’s price.

But, what propelled prices upwards in March so rapidly? For starters, the topic of the war, COVID-19 cases and higher inflation are being less talked about in