Morgan Stanley, one of the leading banks in the US with $6.2 trillion in client assets and 16,000 financial advisors, has set a 0.14% management fee for its spot Bitcoin ETF (MSBT). The announcement is part of its updated S-1 registration statement filed with the US Securities and Exchange Commission (SEC) for said Bitcoin ETF. …
Investor sentiment in the crypto market sits at its lowest point in months — and the biggest Bitcoin holders are treating it like a buying window. Retail Sellers, Whale Buyers While everyday investors have been stepping back, wallets holding between 10 and 10,000 Bitcoin added roughly 61,568 coins over the past 30 days, according to data from market analytics firm Santiment. Related Reading: Over $6B: XAUT Futures Volume Rewrites Records On Binance That 0.45% increase in holdings came even as geopolitical tensions flared and broader financial markets turned choppy. At the same time, the smallest wallets — those holding under 0.01 BTC — also added coins, picking up around 213 Bitcoin, a 0.42% rise. The two groups moved in the same direction, but for different reasons, analysts say. ???????? Despite dipping to $68.1K today, Bitcoin’s key stakeholders are accumulating. Whales and sharks with 10-10K $BTC have accumulated 61,568 BTC (+0.45%) in the past month, which is a promising sign of an eventual breakout from this range. ???? Besides the current macroeconomic… pic.twitter.com/YDbRYNYH85 — Santiment (@santimentfeed) March 26, 2026 Dominick John, an analyst at Zeus Research, said that large holders are quietly stacking during flat-price periods, not reacting to daily headlines. Small wallet holders, he said, are driven by something else entirely — fear of missing out when prices tick upward. “Small wallets are chasing the momentum,” John said, adding that if retail buying overheats, a brief sell-off before the next accumulation wave is possible. A Pattern Analysts Have Seen Before Santiment analysts pointed to a longer historical pattern: when large wallets accumulate while smaller holders are selling, it has often preceded the start of a sustained price rise. The firm called the current behavior a “promising sign” that a breakout from the months-long trading range could be ahead — and that the direction of that breakout is more likely to be up than down. Bitcoin exchange outflows have also been steady throughout March, data shows. Coins leaving exchanges typically signal holders are moving assets into cold storage, a sign they plan to hold rather than sell in the short term. Not every major holder has been buying, though. On March 19, two Bitcoin whales moved tens of millions of dollars worth of coins onto exchanges — a move that often precedes a sale. That day, Bitcoin prices dropped as attacks on Gulf oil and gas infrastructure pushed energy prices higher and rattled markets tied to the Iran conflict. Related Reading: Iran Rejects Peace Talk Claims, Leaving Bitcoin Stuck At $70K Extreme Fear Grips The Market The Crypto Fear & Greed Index recorded a score of 10 on Thursday and 13 on Friday. Both readings fall firmly in “extreme fear” territory. The entire month of February and the week prior both averaged the same. A score of zero represents maximum fear; 100 represents peak greed. That kind of prolonged fear reading is unusual. It reflects a market where uncertainty has settled in — not as a spike, but as a sustained mood. Middle East tensions have been a key driver. US and Israeli strikes against Iran in February triggered a wave of retaliations across the region, and the conflict has continued to weigh on global markets since. Featured image from EG Healthcare, chart from TradingView
A veteran Bitcoin evangelist who entered the market when most people had never heard the word “blockchain” is now pointing the finger at the Trump family, not a crypto exchange, as many think, for the liquidation chaos that shook the crypto industry last October. Davinci Jeremie, one of the earliest known Bitcoin adopters, recently shared his unfiltered take on what he believes caused the October 10, 2025, crash. What Davinci Jeremie Actually Believes The October 10, 2025, crypto market crash is one of the most debated events of the current cycle, with traders still split over what really triggered the sudden collapse in price. In the months since, several theories have surfaced, ranging from Binance-led liquidations to coordinated sell attacks. Related Reading: Expert Analyst Says Bitcoin Expansion Is Over, It Won’t Rally Until This Is Over Speaking on The Sujal Show, Jeremie offered a perspective that was politically charged. In his view, the Trump family’s financial interests provide a simpler explanation for what happened to the crypto market on that day. “I think obviously the Trump family. It’s clear right now that the Trump family wants to push crypto down so that they can get as much as they want,” Jeremie said. According to the early Bitcoin believer, wealthy participants approach markets differently. In his words, short-term thinking dominates retail behavior, with many looking for quick gains or rapid wealth creation. Large players, however, operate on extended timelines, often spanning five to ten years. “If you’re wealthy, you don’t think in short terms as most people do; you think in long terms,” he said. The Binance Theory That Took Over Crypto Jeremie’s take stands in opposition to the explanation that dominated industry discourse in the months following October 10. The October 2025 crypto crash, primarily on October 10, saw over $19 billion in leveraged positions liquidated within 24 hours. The sell-off began shortly after Donald Trump signaled plans to impose an additional 100% tariff on Chinese imports. That caused traders to dump risky investments, from stocks to Bitcoin. However, that crash was much more pronounced on the crypto market than expected. Related Reading: Bitcoin Roadmap To $300,000: Analyst Shares Step-By-Step Guide To The Top After the immediate aftermath of the crash, much of the attention was directed to crypto exchange Binance. The exchange quickly became the focal point of speculation, with many pointing to liquidation cascades on its derivatives platform as the primary reason for the crash. The theory was amplified after OKX CEO Star Xu went public with his criticisms, which were based on Binance’s promotional campaign that offered 12% APY on USDe. According to Star Xu, the campaign by Binance blurred the line between USDe and stablecoins like USDT and USDC, and retail investors were not aware of the systemic risks relating to the synthetic stablecoin ecosystem. Davinci Jeremie is known as one of the earliest Bitcoin adopters, having entered the market when BTC was trading around $1. His reputation grew significantly years later when an old YouTube video resurfaced of him urging viewers to buy at least $1 worth of Bitcoin. The clip has since become one of the most referenced moments in crypto history. Featured image from Pngtree, chart from Tradingview.com
Crypto prices came under pressure again on Friday as Treasury yields, not crude, became the macro variable traders could not ignore. Bitcoin slipped back below $69,000 after a short-lived relief rally earlier this week, while ether also traded lower, as hopes for a near-term easing in the Iran conflict faded and the US 10-year yield stayed near 4.42%. That is the core argument The Kobeissi Letter pushed in a widely shared thread via X: the market’s center of gravity has shifted from the oil spike itself to the rates shock that follows it. “The bond market is, by far, the biggest problem for the US right now, much bigger than the energy price situation,” Adam Kobeissi wrote. In the longer note, the firm sharpened the point further: “For weeks, markets have been fixated on oil, war headlines, and geopolitical escalation. But beneath the surface, a much larger force has been building, and it’s now beginning to take control. The bond market is now dictating the path of equities, commodities, and ultimately, policy itself.” Related Reading: Fidelity Sees Key Crypto Catalysts Emerging For Q2 2026 The market action this week fits that thesis. On Thursday, President Donald Trump said he would pause attacks on Iran’s energy plants for 10 days, until April 6, saying talks were “going very well.” Yields initially eased on the headline, but the move did not hold. By the end of the session, the 10-year Treasury yield had climbed to 4.415%, the highest since July, while mortgage rates had already risen to their highest since October and Fed Governor Lisa Cook said the war had shifted the balance of risks toward inflation. Futures markets had moved to price virtually no chance of a Fed cut in 2026. And the data shows the stress. The MOVE Index, a gauge of Treasury volatility, is at 115.02, up 17.86% on the day. Kobeissi also showed a FedWatch distribution that, in Kobeissi’s reading, now points to a base case of rates staying broadly unchanged through September 2027, a dramatic reversal from late 2025, when markets were still debating how many cuts the Fed would deliver in 2026. This is truly historic: In just 27 days of the Iran War, the discussion has now become about Fed rate HIKES. Just weeks ago, investors were debating how many rate cuts the Fed would implement in 2026. Now? There’s a 48% chance of an interest rate HIKE by January 2027. And,… https://t.co/ccQ91LLH3g pic.twitter.com/ve2drzl4Rb — The Kobeissi Letter (@KobeissiLetter) March 26, 2026 The firm tied that repricing to a labor market it says has deteriorated even before the latest inflation shock, citing deep downward revisions to payroll data over the last three years and a February unemployment duration of 25.7 weeks. For crypto, the message is straightforward: this is still trading as a liquidity-sensitive macro asset class. When Trump first said on March 23 that the US would postpone strikes and pursue talks, bitcoin rallied more than 5% to as high as $71,794 in New York, with altcoins also moving higher. That relief move has since unwound. By Friday, bitcoin was trading at $68,639 and ether at $2,061.81, both down on the day as the market rotated back to yields, policy risk and tighter financial conditions. BitMEX co-founder Arthur Hayes framed the crypto angle more directly in his usual shorthand. “Almost there … If Trump invades Iran what is Buffalo Bill Bessent going to do to calm the UST market?” he wrote, referring to Treasury Secretary Scott Bessent. Almost there … If Trump invades Iran what is Buffalo Bill Bessent going to do to calm the UST market? pic.twitter.com/7H2qakadgT — Arthur Hayes (@CryptoHayes) March 26, 2026 The point is not simply that war could rattle markets, but that a deeper selloff in Treasuries could force some form of response from Washington. In Hayes’ macro framework, crypto does not meaningfully recover just because geopolitical tensions ease; it recovers when bond-market stress becomes severe enough to bring liquidity back into the system, whether through Bessent, the Fed, or both. Related Reading: Crypto Analysts Warn: Traders Misreading The Clarity Act Could Miss The Real Opportunity Kobeissi’s framework is similar. The firm argues that as yields move toward the 4.50% to 4.70% range on the 10-year, the odds of some form of policy response rise sharply because the White House has already shown it is sensitive to bond-market stress. That leaves crypto watching the same dashboard as every macro desk: Treasury yields, rate expectations and the credibility of any de-escalation headline. If bond volatility cools, crypto assets could respond the way they did earlier this week, snapping higher on even a modest improvement in war headlines. But if yields continue grinding upward, the market may keep treating bitcoin and the rest of crypto less as geopolitical hedges than as another expression of the global rates trade. At press time, the total crypto market cap stood at $ Total crypto market cap chart, 1-week chart | Source: TOTAL on TradingView.com ds Featured image created with DALL.E, chart from TradingView.com
US lawmakers on Friday unveiled the Digital Asset PARITY Act — a wide‑ranging draft bill that would reshape tax and regulatory treatment for digital assets while drawing immediate criticism for excluding Bitcoin (BTC). Introduced by Representatives Max Miller and Steven Horsford, the measure would, among other changes, create a narrow tax exemption for small stablecoin transactions and alter how staking income is treated. Key PARITY Act Provisions Under the PARITY proposal, regulated payment stablecoins used in transactions worth less than $200 would be exempt from recognizing gains or losses, provided the stablecoin’s price remains within 1% of its dollar peg at the time of payment. Related Reading: NVIDIA Faces Class Action After Court OKs $1 Billion Crypto-Mining Revenue Claims – Stock Dips 7% The bill also contains several other notable provisions, on staking for example, as it seeks to change the tax timing for income earned by passive participants in proof‑of‑stake (PoS) networks, permitting those “passive stakers” to defer the immediate tax consequences of staking rewards. Yet the bill’s approach to staking and mining has become a focal point for criticism. The Bitcoin Policy Institute (BPI) has been one of the most vocal opponents, arguing that PARITY’s staking deferral provisions create an uneven, technology‑biased tax regime that disadvantages proof‑of‑work (PoW) networks such as Bitcoin. BPI Objection Over Bitcoin Exclusion The Bitcoin Policy Institute contends the draft perpetuates the “phantom income” problem that both miners and stakers previously acknowledged needed legislative relief, but solves it only for stakers. The organization warned that by offering deferral to staking participants while leaving miners outside the relief, the bill effectively penalizes mining and undermines technological neutrality. Related Reading: MARA Holdings’ Bitcoin Sell-Off: 15,000 BTC Liquidated As Prices Crash Below $69,000 BPI called the imbalance “a two‑tier tax regime,” and urged lawmakers to remedy it by restoring a broader de minimis exemption that is not limited to stablecoins and by extending the deferral election to all block‑reward recipients — miners as well as stakers — or otherwise explicitly including mining in the relief. The Bitcoin Policy Institute argued these fixes are minimal but necessary steps if Congress truly intends to maintain US leadership in Bitcoin and digital asset innovation. Left unchanged, the group warned, the draft could disadvantage proof‑of‑work systems and shift innovation offshore. At the time of writing, Bitcoin was trading at roughly $66,000, representing a 4% and almost 6% loss in the 24-hour and seven-day time frames, respectively, as the broader crypto market wraps up the week to the downside. Featured image from OpenArt, chart from TradingView.com
Bitcoin (BTC) has plummeted below $66K, trading at $65,675 at press time, which is a 3.98% drop in 24h, and a 47.9% dip from its October all-time high (ATH) of $126K. Source: CoinMarketCap Liquidations in Bitcoin futures positions totaled $189.17 million, with long positions accounting for $173.24 million. Traditional assets have not been spared, with …
The crypto market is consolidating. Bitcoin and Ethereum have traded within the same range for more than 50 days. And in the third week of March, the derivatives market made its first significant statement about what comes next. Related Reading: Unknown Wallet Buys $107 Million In Ethereum – Purchase Pattern Points To Bitmine A CryptoQuant analysis tracking perpetual futures activity has identified a meaningful acceleration in open interest: on March 16, combined Bitcoin and Ethereum OI climbed to approximately $30 billion — the highest reading since late January, and a level that was not reached gradually but in a single week of concentrated positioning. Bitcoin OI reached $23 billion. Ethereum approached $16 billion. Both moved in the same direction, at the same time, during the same price rally. That synchronicity matters. When open interest builds across two major assets simultaneously during a relief rally, it does not reflect organic spot demand — it reflects traders opening leveraged positions in anticipation of a directional move. The capital is not buying Bitcoin and Ethereum. It is betting on them. Fifty days of consolidation have a way of building pressure. The $30 billion in open interest now sitting in perpetual futures is the market’s way of declaring that the range will not last forever — and that when it breaks, the move will be amplified. When Crypto Leverage Moves, It Goes to Binance First. The CryptoQuant report is precise about where the $30 billion in open interest is actually sitting. Binance absorbed the largest share of the inflow by a significant margin: BTC open interest on the exchange rose by $829 million, while ETH open interest climbed by approximately $1.6 billion — a combined $2.4 billion in new leveraged exposure flowing into a single venue during a single week. Bybit and Gate.io recorded meaningful gains as well, but the heatmap data leaves no ambiguity about the hierarchy. That concentration is not coincidental. It is structural. During periods of strong price momentum, capital does not distribute evenly across the derivatives landscape — it gravitates toward the deepest, most liquid venues where large positions can be opened and closed without slippage. Binance is that venue. It has been for every significant derivatives expansion in recent memory, and the March rally was no exception. What the concentration reveals is as important as the size. When $2.4 billion in new open interest flows into a single exchange in one week, the resulting positions are tightly clustered. Clustered positions create clustered liquidation levels. And clustered liquidation levels mean that when the market moves against those positions, it does not move gradually. The leverage is on Binance. The range is still intact. Those two facts belong in the same sentence. Related Reading: $2.3 Billion Ethereum Has Left OKX And Binance This Quarter: The Sell-Side Supply Is Thinning The Entire Market Has Given Back a Year of Gains The total crypto market cap stands at $2.31 trillion, down 0.21% on the week — a marginal move on a candle that opened at $2.32 trillion, reached $2.44 trillion, and has since retreated. That weekly high rejection at $2.44 trillion is the operative fact. The market attempted to reclaim lost ground and was turned back. The macro context is what makes the current level sobering. Total market cap peaked near $4.1 trillion in late 2025 — the highest level in crypto’s history — and has retraced approximately 44% from that peak, erasing the entirety of the 2025 bull run and returning to levels last traded in early 2024. This is not a correction within a bull market. It is a full cycle rollover. Related Reading: The Bitcoin Coinbase Discount Is Back: History Says That Is Worth Watching The weekly moving average configuration confirms the structural damage. Price has broken decisively below the 50-week MA, which has now turned lower from the $3.5 trillion region. The 100-week MA, the green line ascending through approximately $2.9 trillion, provided no meaningful support — price sliced through it and has not reclaimed it since. The 200-week MA continues its long-term ascent near $2.1 trillion and represents the last major structural support visible on this timeframe. The current level of $2.31 trillion is trading in the gap between the 200-week MA below and the 100-week MA above. That gap is the battleground. Reclaiming $2.9 trillion is the minimum requirement for any credible structural recovery argument. Until then, the chart describes a market in retreat, not consolidation. Featured image from ChatGPT, chart from TradingView.com
While Bitcoin sits near $70,000 and many investors are questioning whether they missed the rally, macro investor Lawrence Lepard is making a bullish case: the biggest move is still ahead, and the window to buy cheap is closing fast. Buy the Dip or Regret It Lepard’s message to anyone sitting on the sidelines is clear. …
An interesting statement from Grant Cardone has led to a different kind of conversation. According to the popular American businessman, the Bitcoin price should be $280,000. His claim that Bitcoin should already be trading at $280,000 raises a deeper question: if that valuation were accurate today, what would it imply for the rest of the market? That question becomes even more interesting when applied to cryptocurrencies like Dogecoin and XRP, which tend to move in tandem to Bitcoin. Grant Cardone’s $280,000 Bitcoin Call And What It Implies The real estate mogul, who oversees about $5.3 billion in assets through his firm CardoneCapital, recently took to X to deliver a blunt verdict on the state of Bitcoin: “Bitcoin should be $280,000.” No chart attached, no lengthy thread. Just four words carrying the weight of a man who has put $70 million of his firm’s balance sheet behind Bitcoin. Related Reading: Bitcoin Distribution Mechanism Has Not Changed, All Roads Point To Crash Below $50,000 At the time of writing, Bitcoin is trading far below that $280,000 price projection. To put this into perspective, Bitcoin is currently trading just below $70,000, at around $67,750, meaning Cardone’s projection implies a 4x revaluation. However, that kind of move doesn’t exist in isolation. When Bitcoin goes on such a move, the liquidity spills into altcoins, pushing them into price rallies of their own. What The XRP And Dogecoin’s Prices Could Look Like In That Scenario Dogecoin has always traded as a high-beta extension of Bitcoin. When Bitcoin trends upward, Dogecoin often amplifies that move, driven by retail momentum and speculative cycles. If Bitcoin were to move from roughly $70,000 to $280,000, maintaining current ratios alone would already imply a significant shift. At a 4x Bitcoin move, Dogecoin could theoretically follow into a similar multiple, placing it somewhere around the $0.35 to $0.40 range from current levels near $0.09. That is the conservative view based purely on correlation. However, Dogecoin rarely rallies only 4x in strong bull phases. In previous cycles, it has outperformed Bitcoin by a wide margin during peak momentum periods. If that dynamic repeats, a Bitcoin price at $280,000 could easily place Dogecoin closer to a new all-time high above $0.73 and probably even above $1. Related Reading: Breaking Down The $100 XRP Prophecy: Is There A Timeline? On the other hand, XRP is currently trading near $1.43. That puts the XRP/BTC ratio at approximately 0.00002. If Bitcoin were to re-rate to $280,000 while that ratio stays constant, XRP would be trading somewhere between $5.60 and $6.00. That alone would already see the XRP price trading at price peaks compared to the current range, which many long-term holders have been waiting for. XRP’s upside is always discussed in terms of utility and integration into cross-border payments. In a scenario where Bitcoin reaches $280,000, those utility conditions could amplify XRP’s role as a bridge asset and even cause the XRP price to break above double digits above $10. Featured image created with Dall.E, chart from Tradingview.com
Bitcoin is moving deeper into US household finance as homebuyers squeezed by high borrowing costs and limited supply look for new ways to fund a down payment without selling their digital assets. On March 26, Better Home & Finance and Coinbase launched a structure that lets eligible borrowers pledge Bitcoin or USD Coin (USDC) stablecoin […]
The post Homebuyers can now borrow against Bitcoin to get a mortgage without selling or liquidation risk appeared first on CryptoSlate.
Blockchain analytics firm Chainalysis puts the number at close to $20 billion — the estimated volume of dirty money that flowed through Xinbi, a Chinese-language crypto marketplace, between 2021 and 2025. Now the UK government wants to shut it down. Related Reading: Ethereum Supply Tightens As Staking And Outflows Hit Record Highs Scam Hubs At The Center Of It All Britain’s Foreign, Commonwealth & Development Office announced Thursday that it has imposed sweeping sanctions on Xinbi, a platform accused of providing crypto-based services, scam tools, and other criminal resources to bad actors across Southeast Asia. The move freezes any UK-linked assets tied to the platform and bans British banks, crypto firms, and citizens from doing any business with it — financial or otherwise. Xinbi is not just a payment processor for criminals. Reports indicate the platform sits at the center of a web of interconnected illicit operations, many of them tied to scam compounds scattered across Southeast Asia — operations that have drawn global attention for their use of trafficked workers to run large-scale fraud schemes targeting victims worldwide. Those who exploit vulnerable people, abuse human rights and defraud innocent victims will face serious consequences. Today we have: ❌ Targeted largest known scam compound in Cambodia. ❌ Sanctioned an illicit crypto marketplace. ❌ Frozen more London properties. pic.twitter.com/0PFp0h8Uyt — Foreign, Commonwealth & Development Office (@FCDOGovUK) March 26, 2026 Two individuals were also sanctioned in the action. Thet Li is accused of running the international financial network of the Prince Group, a Cambodia-based company tied to large-scale crypto fraud. Hu Xiaowei is alleged to have worked within that same financial network and to have links to #8 Park, a scam compound connected to the Prince Group. Cutting Off The Money Pipeline Chainalysis, which provided blockchain data supporting the sanctions, described the move as targeting the scam ecosystem’s on- and off-ramps — the critical pathways that allow criminal operators to move money in and out of the legitimate financial system. According to the firm, Xinbi acted as a commercial hub, offering payment processing and marketing services to fraud operators who needed reliable infrastructure to run their schemes. The FCDO said the sanctions are designed to isolate Xinbi from the broader crypto system, disrupting its ability to send and receive transactions. In practice, that means cutting the platform off from the exchanges, wallets, and financial services it depends on to function. Related Reading: Bitrue Says XRP Should Already Be At $10, Traders Are Betting It Gets There A Line Between Legal And Illegal Crypto What stood out in the UK government’s statement was its language. Officials drew a clear line between legitimate crypto activity and criminal misuse of the technology — a distinction regulators have not always been quick to make publicly. That framing matters to the industry. For years, critics have pointed to crypto’s role in fraud and money laundering as evidence the entire sector needs to be reined in. The Financial Action Task Force estimates that between two and 5% of global GDP passes through traditional financial networks as laundered funds each year. Data from Chainalysis puts illicit crypto transactions at below 1% of total activity on-chain — a figure the industry frequently cites in its defense. Featured image from Pixabay, chart from TradingView
Bitcoin fell to its lowest level in over two weeks as traders adopted a more cautious stance after the year’s biggest options expiration, Bloomberg reported. At the moment of writing, BTC trades for the highs $66k. Related Reading: GameStop Didn’t Sell Bitcoin — What It Did Instead Will Anger BTC Maxis Bitcoin Options Market Turns Defensive The drop followed the largest Bitcoin options expiry of 2026 so far, with roughly $14 billion in notional contracts rolling off on Friday. Around 30–40% of open interest in front‑month Bitcoin options was wiped out in a single session, leaving a “cleaner” positioning landscape. Spot volumes picked up versus the previous session (e.g. +10–20%), suggesting the move was driven by more than just options mechanics. Positioning shows traders are bracing for a drawn‑out conflict, Griffin Ardern, co‑founder of multi‑asset manager Primal Fund, said. The risk of stagflation, and even “forced rate hikes” has sharply deepened bearish sentiment. Post‑expiry, more people were buying protection than betting on upside. Options flows skewed toward puts, with put volumes outpacing calls: over the past 24 hours, the put/call ratio has climbed to 1.3, signaling that traders are loading up on downside protection as they head into the weekend. Derivatives Positions Hold The Key According to Fortune, market participants view derivatives positioning going a long way toward explaining the recent still. James Harris, CEO of asset manager Tesseract, believes institutional players spent much of the first quarter selling upside calls, essentially betting that prices wouldn’t rip higher, to harvest premium in a quiet market. That flow pushed risk onto market makers, who in turn have been buying dips and fading rallies to keep their books roughly hedged. Traders say this setup has effectively smoothed out volatility, with Bitcoin’s price repeatedly drifting back toward the so‑called “max pain” zone around $75,000, where the most options expire worthless. In practice, those hedging flows have worked like a magnet, pulling BTC higher on dips but also putting a lid on how far rallies can run. Related Reading: Bitcoin Rangebound At $70K While Macro Cracks Deepen – Why Analyst Says It’s Too Early To Call A Bottom What Traders Should Look For Next The shift in positioning comes after a powerful Q1 run, with Bitcoin still up double‑digit % year‑to‑date even after the latest pullback. If defensive positioning in options persists (elevated put/call, negative skew, higher near‑term IV), it may signal traders are bracing for another leg lower rather than a quick “buy‑the‑dip” rebound. For active traders, the setup favors disciplined risk management: tighter stops on leveraged longs, selective hedging via short‑dated puts, and watching whether defensiveness eases or intensifies into the next major macro/data catalyst. At the moment of writing, BTC’s price has crashed under $67k. Source: BTCUSD on Tradingview Cover image from Perplexity, BTCUSD chart from Tradingview
Bitcoin fell back toward $65,000 on Friday as investors cut exposure to risk assets after another round of Middle East tensions kept oil prices elevated, pushed Treasury yields to their highest levels in months, and lifted the dollar. According to CryptoSlate's data, BTC dumped nearly 5% to around $66,484, its lowest price since the beginning […]
The post Bitcoin drops toward $65k after new Trump Iran delay sends oil higher, triggering $200M wipeout appeared first on CryptoSlate.
Bitcoin is trading at $66,636 at the time of writing, down 3.82% on the day, with the Coinpedia technical analysis gauge firmly in Strong Sell territory. The move lower hasn’t caught everyone off guard, but the speed of it has. Over $115 million in BTC long positions were liquidated in a single hour as the …
Bitcoin dropped below $67,000 and ether under $2,000 as ETF outflows resumed and the dollar strengthened amid macro and geopolitical tension.
JPMorgan says the Iran war has produced an unusual market split: bitcoin is showing signs of safe-haven demand while gold and silver, the traditional geopolitical hedges, have weakened under the pressure of outflows, profit-taking and deteriorating liquidity. In a report dated March 26, Nikolaos Panigirtzoglou and his team said bitcoin has held up better than precious metals since the conflict escalated. Gold is down about 15% this month, according to the bank, while gold ETFs recorded nearly $11 billion in outflows in the first three weeks of March. Silver has also come under pressure, with JPMorgan saying ETF inflows built since last summer have now been unwound, even as bitcoin funds continued to post net inflows over the same stretch. Bitcoin Shows Safe-Haven Demand That divergence is not just a price story. JPMorgan argues it is also visible in positioning and market structure. Gold and silver had become heavily crowded trades after a run that pushed gold close to $5,500 an ounce and silver near $120 earlier this year. Related Reading: The Bitcoin Price Bottom Is Close, But There Is Still A Crash Below $60,000 Left As rates rose, the dollar strengthened and investors moved to de-risk, those positions started to unwind. CME-based positioning shows a sharp drop in gold and silver exposure since January, while bitcoin futures holdings have stayed comparatively stable in recent weeks. The bank’s explanation is more nuanced than a simple “bitcoin replaced gold” narrative. Bitcoin initially sold off with other risk assets when the war broke out, briefly falling into the low-$60,000 range before stabilizing back in the high-$60,000 to low-$70,000 area. JPMorgan’s point is that bitcoin did not behave like a classic shelter in the first shock phase, but it recovered as flows returned, while gold and silver kept losing support. Related Reading: Bitcoin Recovery Lacks One Key Ingredient, Glassnode Warns JPMorgan also tied that relative resilience to crypto’s utility in a stressed jurisdiction. “The deterioration in liquidity conditions in gold has seen its market breadth decline below that of bitcoin currently,” the bank wrote. In a separate summary of the same report, JPMorgan said, “The surge in Iran’s crypto activity highlights the role of cryptocurrencies as a safe haven asset in countries experiencing economic and monetary instability and geopolitical stress.” The bank cited Chainalysis data showing increased Iranian crypto activity after the outbreak of war, including transfers from domestic exchanges into self-custody wallets and international platforms. That combination of borderless settlement, self-custody and round-the-clock trading sits at the center of the bank’s argument. Bitcoin’s momentum indicators, which had fallen into oversold territory, are now moving back toward neutral, JPMorgan said, suggesting selling pressure may be easing. Gold and silver momentum, by contrast, swung from overbought to below-neutral as liquidations accelerated. The bank’s liquidity work points the same way: gold’s market breadth has now fallen below bitcoin’s, while silver’s thinner depth has made its decline even more violent. At press time, BTC traded at $68,597. Featured image created with DALL.E, chart from TradingView.com
On‑chain trackers showed GameStop’s $324 million worth of bitcoin leaving its wallets for Coinbase. Many assumed a full‑blown dump, but SEC filings show the company still has exposure to Bitcoin, just not in the way most traders think. Related Reading: Bitcoin Rangebound At $70K While Macro Cracks Deepen – Why Analyst Says It’s Too Early To Call A Bottom A Bitcoin “Covered-Call” Deal On paper, GameStop now only owns 1 BTC. The gaming company’s latest 10-K reveal that instead of offloading the 4,710 BTC it bought January last year, the video game retailer has pledged 4,709 of 4,710 BTC to Coinbase for a covered call strategy, receiving about $368 million in cash while capping upside above roughly $105,000–$110,000 per BTC. A covered call is an options strategy where you own an asset and sell call options against it to collect premium income, but in exchange you cap your upside if the price moves sharply higher. This is exactly what GameStop did: it handed Coinbase almost all its BTC as collateral and sold call options on that stack. In return, it pulled in upfront cash premium plus a receivable, instead of a volatile asset on its books. This agreement lets Coinbase rehypothecate, commingle, or even sell the pledged Bitcoin, which is why accounting rules force GameStop to derecognize the coins and book a “digital asset receivable” instead. In contrast with classic corporate Bitcoin treasuries (MicroStrategy‑style HODL), GameStop is using BTC more like a yield‑bearing financial instrument than a long‑term conviction bet. Why GameStop Chose Yield Over Upside GameStop’s strategy answers to the reality of the era of digital download gaming. With shrinking sales due to a decreasing demand for physical media and little room to grow, the company is increasingly using financial engineering to squeeze out income. The company’s revenue went down roughly 25% year‑on‑year and about 14% in Q4 2025. Therefore, in handing its Bitcoin to Coinbase and selling call options on it, GameStop is using the premiums and credit line to pull forward cash it desperately needs today. Related Reading: Binance Just Declared War On Quiet Market Makers —3 Red Flags Every Trader Should Watch GameStop is an example of a new phase in corporate Bitcoin adoption, where treasuries don’t just buy and hold but actively lend, pledge, and option‑out their coins for yield, giving execution and rehypothecation power to venues like Coinbase. If Bitcoin rips through six figures, GameStop shareholders may watch Coinbase and options counterparties enjoy most of the upside while GME is left with a fixed‑income‑style payout, a dynamic traders should factor into any “Bitcoin‑linked equity” thesis. At the moment of writing, BTC’s price crashes under $67k. Source: BTCUSD on Tradingview Cover image from Perplexity, BTCUSD chart from Tradingview
The Bitcoin price is once again approaching a critical zone, but the current setup suggests traders may be walking into a trap. Despite strong liquidity clusters building above the $70,000 level, key derivatives data show weak conviction, rising leverage dominance, and a lack of real spot demand. This combination often precedes sharp, unexpected moves in …
One analyst noted that this reflects short-term profit-taking rather than a shift in long-term conviction.
The crypto market is flashing a clear warning, and this time, it’s not just technicals driving the move. Bitcoin price has slipped to $68,670, Ethereum price has dropped near $2,050, and over $336 million in liquidations have already been triggered as geopolitical tensions escalate. The catalyst? A sharp deterioration in the US–Iran conflict, which is …
A large batch of Bitcoin and Ethereum options is set to expire this Friday, with total value crossing $15.58B billion as per Deribit insights. This marks one of the largest single-day expiries of the year and will take place at 8:00 UTC. The put/call ratios stand at 0.63 for Bitcoin and 0.57 for Ethereum, showing …
On-chain analytics firm CryptoQuant has pointed out how Bitcoin has tended to revisit or stay below the Realized Price in past bear markets. Currently, this level is located at $54,000. Bitcoin Hasn’t Gone Below Realized Price This Cycle In a new post on X, CryptoQuant has talked about what the Realized Price is telling us about Bitcoin right now. The “Realized Price” here refers to an on-chain indicator that keeps track of the cost basis or acquisition level of the average investor on the BTC network. When the spot price of the asset is trading above this metric, it means the addresses as a whole are in a state of net unrealized profit. On the other hand, BTC’s value being below the indicator suggests an underwater status for the overall network. Related Reading: Bittensor (TAO) Rallies 35%, But Social Sentiment Stays Mixed Now, here is the chart shared by CryptoQuant that shows the trend in the Bitcoin Realized Price over the history of the cryptocurrency: As displayed in the above graph, Bitcoin broke through the Realized Price at the end of the 2022 bear market and since then, the asset has maintained above this line. This suggests that investors have enjoyed net profits in this period. Recently, the cryptocurrency has faced some notable bearish momentum, but so far, it has managed to stay some distance above the Realized Price. Currently, the metric is situated at $54,000. From the chart, it’s visible that past bear markets generally saw Bitcoin spend time at or below this level. When the majority of the investors are in loss, selling pressure with the motive of profit-taking starts running out, so it may be why the asset historically found bottoms below the metric. While the holders as a whole are still in the green, a significant segment of the userbase is already underwater at the current price levels. As the below chart shows, the Realized Price of the short-term holders has been floating some distance above the spot price recently. The short-term holders refer to BTC investors who purchased their coins within the past 155 days, so their Realized Price tracks the average buying price of coins that moved over the last five months. With the spot price currently being under this level, it would appear that this group is in a state of loss. “Recent buyers are underwater, creating sell pressure on every bounce,” noted the analytics firm. Related Reading: Bitcoin Whales Go Silent: Large Transactions Plummet Strategy, the largest Bitcoin treasury company in the world, has also seen the asset drop under its cost basis with the recent bearish action. At present, the firm’s Realized Price is sitting around $75,600. “Right where the recent rally got rejected, the market is reacting to this level,” said CryptoQuant. BTC Price Bitcoin has continued to consolidate sideways recently as its price is trading around $68,400 right now. Featured image from Dall-E, chart from TradingView.com
Bitcoin’s market structure is showing a split signal: institutional demand through ETFs is accelerating, while short-term holders are still selling into exchanges at a loss. That divergence is helping explain why BTC has held up near the $70,000 area even as retail stress remains visible in on-chain data. In his latest Morning Brief, Axel Adler Jr. said US spot Bitcoin ETFs absorbed 62,986 BTC over the past 30 days, equal to $11.3 billion in net inflows between February 24 and March 25. Over that stretch, cumulative ETF holdings rose to 1,326,874 BTC. The pace of buying also picked up materially. Adler said the 7-day simple moving average of ETF flows reached 3,288 BTC per day, versus 1,256 BTC for the 30-day average, meaning the current weekly pace is running about 2.6 times above the monthly trend. That institutional bid has so far outweighed episodic outflows and coincided with a move in Bitcoin’s price from $64,100 to $71,307 over the same month. Adler’s read is that ETF demand is providing a floor, but not a clean breakout signal on its own. For that to happen, he argued, the short-term flow trend needs to stay positive for several more sessions and the market still needs to avoid a fresh run of negative macro-driven ETF days. Related Reading: Analyst Who Predicted Bitcoin $125,000 Top Reveals What To Expect Next The other side of the picture is far less constructive. Adler said short-term holders remain firmly in a loss-realization regime, with loss-side flows to exchanges at 15,500 BTC per 24 hours. Total short-term holder inflows to exchanges stood at 35,200 BTC per day, a sign that selling pressure remains active even if it has not yet reached the kind of extreme typically associated with final capitulation. Bitcoin STH Stress Eases But Whales Prevent Rally That broader stress signal is partly offset by a separate observation from Darkfost, who argued that panic behavior among newer holders has eased meaningfully since the February flush. He wrote: “When BTC fell below $60,000, a wave of panic emerged among the youngest investors (STHs), pushing them to send around 100,000 BTC (7-day sum) to Binance at the beginning of February. This behavior has evolved significantly, as these STH inflows to Binance have now been divided by four. Today, these inflows have reached their lowest recorded level, at around 25,000 BTC.” That does not contradict Adler’s thesis so much as refine it. Retail stress is still there across exchanges, but the most acute panic phase may be fading. Darkfost framed the shift as “a rather positive signal,” adding that the drop in Binance inflows represents “a real reduction in selling pressure” during what he called a difficult period for risk assets. Related Reading: Bitcoin Recovery Lacks One Key Ingredient, Glassnode Warns Even so, order-book data suggests Bitcoin is not yet out of the woods on the upside. CoinGlass flagged “heavy sell wall at 72.3k–72.6k” and called it “key resistance on any bounce.” It also pointed to near-term bids around $69,200, stronger support at $68,200 to $68,500, and deeper liquidity around $67,000 to $67,500. In CoinGlass’s words, “This is a classic setup of heavy overhead supply with layered bids below. Unless BTC reclaims the major sell wall overhead, short-term price action still looks more likely to sweep lower liquidity first before staging a stronger bounce.” Taken together, the data points to a market where institutional accumulation is absorbing supply fast enough to steady price, but not yet force a decisive breakout. The constructive case is straightforward: ETF demand remains well above trend, panic selling among short-term holders continues to cool, and Bitcoin holds above $70,000. The risk is just as clear. If ETF flows roll over and the market fails to clear the $72,300-$72,600 sell wall, the next move could still be a sweep into lower liquidity before any stronger recovery takes shape. At press time, BTC traded at $69,573. Featured image created with DALL.E, chart from TradingView.com
GameStop's latest 10-K filing shows that it did not sell 4,709 BTC it acquired last year, but pledged it as collateral with Coinbase Credit.
Bitcoin price failed to stay above $70,500 and declined further. BTC is now consolidating below $70,500 and might continue to move down. Bitcoin started a fresh decline from well above the $71,200 zone. The price is trading below $70,500 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $70,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another decline if it stays below the $70,000 and $70,500 levels. Bitcoin Price Dips Further Bitcoin price failed to continue higher above $72,000 and reacted to the downside. BTC trimmed gains and declined below the $71,200 support. The bears pushed the price below $70,500 and $70,000. The price tested the $68,000 zone. A low was formed at $68,115, and the price is now consolidating losses near the 23.6% Fib retracement level of the downward move from the $71,985 swing high to the $68,115 low. Bitcoin is now trading below $70,200 and the 100 hourly simple moving average. There is also a bearish trend line forming with resistance at $70,050 on the hourly chart of the BTC/USD pair. If the price remains stable above $68,200, it could attempt a fresh increase. Immediate resistance is near the $69,200 level. The first key resistance is near the $70,000 level and the trend line. A close above the $70,000 resistance might send the price further higher. In the stated case, the price could rise and test the $70,500 resistance or the 61.8% Fib retracement level of the downward move from the $71,985 swing high to the $68,115 low. Any more gains might send the price toward the $71,200 level. The next barrier for the bulls could be $72,000. More Losses In BTC? If Bitcoin fails to rise above the $70,000 resistance zone, it could start another decline. Immediate support is near the $68,400 level. The first major support is near the $68,000 level. The next support is now near the $67,200 zone. Any more losses might send the price toward the $66,800 support in the near term. The main support now sits at $65,500, below which BTC might struggle to recover in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $68,400, followed by $68,000. Major Resistance Levels – $70,000 and $70,500.
Bitcoin (BTC) has recently breached the key psychological support level of $70,000, trading at $68,739.30 (-3.49% in 24h) at press time. This happened after the Pentagon reported plans to execute a “final blow” on Iran, in addition to the upcoming expiration of $16.4 billion in Bitcoin and Ethereum options on Friday. Source: CoinMarketCap Bitcoin breakout …
Toncoin is at a critical juncture as it tests the $1 range, a key level that has anchored its trading for weeks. How it reacts here could determine whether the range holds or breaks, setting the stage for either a bullish flip or an accelerated drop. With strong fundamentals in play but the chart still in control, traders are watching closely for the decisive signal. Range Flip Or Breakdown: What BTC Pair Tells Us About Toncoin Charting the TON/BTC and TON/USDT daily pairs, analyst Umair Crypto points out that Toncoin is at a critical juncture. On the BTC pair, the RSI has broken above its trendline, signaling early bullish momentum. However, the 200 SMA on this pair remains the key level to watch, as it will determine whether the $1 support on the USDT pair holds or if the range flips higher. Related Reading: Toncoin, Quant Seeing Whale Activity Explosion, Big Move Ahead? The BTC pair has been consolidating within a range for 166 days, and the recent RSI trendline breakout above 50 hints that bullish pressure is building. Meanwhile, on the USDT pair, price is attempting to recover the 50 SMA, showing early signs of strength, though confirmation is still needed. From here, two scenarios are possible. If the BTC pair closes convincingly above the 200 SMA, it would likely trigger a range flip on Toncoin’s USDT pair to the upside. Conversely, if the BTC pair gets rejected at the 200 SMA, the range may break down, putting Toncoin at risk of forming a lower low below $1. Such a breakdown would shift the market structure into bearish territory and could accelerate selling pressure, making $1 a crucial level to watch. $1 Support: More Than Just A Psychological Level The analyst stressed that the $1 level is far more than a psychological benchmark; it is a critical structural support that anchors the entire TON/USDT range. If this level fails, the decline could accelerate sharply, making it a key inflection point for traders and investors alike. Holding above $1 is essential to maintain the current range and prevent a potential breakdown that could trigger further selling pressure. Even with strong fundamental catalysts, the market has remained largely unresponsive. AlphaTON Capital Corp recently launched a $100 million treasury strategy, while TON Wallet officially expanded into the US market, both moves signaling growing institutional adoption. Related Reading: Lucky Train Launches TON-Based Web3 Project With Staking-Like Participation Model At this critical juncture, the BTC pair’s 200 SMA is shaping up as the ultimate deciding factor. A decisive close above this level could reinforce $1 as strong support and pave the way for a bullish range flip. Conversely, rejection at the 200 SMA could tip the market into bearish territory, signaling that structural weakness now overrides fundamental optimism. Featured image from Adobe Stock, chart from Tradingview.com
Leading US exchange Coinbase has partnered with Better Home & Finance (Better.com) mortgage lender, to launch cryptocurrency-backed mortgages. Henceforth, home buyers can pledge their Bitcoin (at 250% collateral) or USDC (at 125%) as collateral for home loans without selling them (the tokens). This eliminates capital gains tax since there are no realized gains. Additionally, these …
The corporate Bitcoin treasury boom is losing oxygen: a $100 billion public-company bet has shrunk, buying has collapsed outside Strategy (formerly MicroStrategy), and the financing model that drove the trade is starting to fail. Data from CryptoQuant show that the Michael Saylor-led company bought about 45,000 Bitcoin over the last 30 days, the largest 30-day […]
The post The $100 billion corporate Bitcoin surge is down to one buyer as other companies stop adding appeared first on CryptoSlate.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.