The Bitcoin price isn’t crashing because miners are dumping. That’s the easy narrative and right now, it’s wrong. Since early 2025, the Miner Supply Ratio has been sliding lower, meaning miners are actually sending less BTC to exchanges like Binance. Normally, that should ease selling pressure. Prices should stabilize… maybe even bounce. But instead? Price …
Head of Research Vetle Lunde said subdued derivatives activity and limited inflows point to a cautious market, but one forming a bottom.
Bitcoin’s latest stretch of sideways price action around $70,000 is being read by some traders as a sign that the cryptocurrency is finally settling down. However, technical analysis shows that the structure now forming on the daily chart might not actually be a recovery base at all but a distribution pattern before a new low that has already appeared once before during a bigger decline since late 2025. Bitcoin’s Distribution Mechanism Is Still The Same According to a crypto analyst that goes by the name Ardi on the social media platform X, Bitcoin’s distribution phases keep looking identical because the mechanism never really changes. This is in relation to Bitcoin’s current price action, which has been trading in a range between $63,000 and $72,000 since early February. Related Reading: Breaking Down The $100 XRP Prophecy: Is There A Timeline? The idea behind this technical analysis is that Bitcoin’s behavior in bearish phases tends to follow a recognizable sequence. Price moves into a range, traders begin to treat the consolidation as stability, liquidity builds above local highs, and then a brief breakout above the range pulls in optimism from many crypto traders. However, that optimism does not always last. Once the price fails to hold above the range highs, the structure starts to weaken, and the next breakdown to the range support takes place. The chart attached to the analysis presents two nearly identical subsections. The first distribution range played out between roughly the mid-$80,000 region and the low-$90,000s between November 2025 and January 2026. This move eventually concluded with Bitcoin pushing higher, touching highs around $96,000, failing to accept above the range, and then breaking down towards the lower end of the range. That decline led into a break below the low support level that eventually dragged the price to as low as $63,000 in early February. Bitcoin Price Chart. Source: @ArdiNSC On X Why A Move Below $50,000 Is Now On The Table A sweep of local highs above $76,000 in early March generated headlines about how the Bitcoin price is now recovering. However, the price ultimately failed to hold above the range and began rolling over again. As it stands, price action in the past few days has mostly been bearish candlesticks, which have caused the Bitcoin price to be pushing to the lower end of the current range again. Related Reading: 4 Bitcoin Targets To Be On The Lookout For As Price Retests S/R Zone The most bearish part of the chart is the projected zone that follows the current range. Projecting the previous markdown in late January to the current price action would see the Bitcoin price break below the local $63,000 bottom. Particularly, the chart projected a similar outcome, with the highlighted markdown box extending down to $50,000 and as low as $48,000. This projection follows similar outlooks from multiple analysts that have predicted Bitcoin might break below $50,000 before creating a new bottom. Featured image from Dall.E, chart from TradingView.com
Bitcoin price is knocking on the door again, but this time, the setup feels different. After reclaiming the $70K zone, BTC price is once again testing resistance, yet the usual signs of exhaustion are missing. Instead, selling pressure appears to be fading while underlying demand quietly strengthens. So here’s the real question: Is Bitcoin price …
Bitcoin is trading near $70K, but deep-chain data shows a stressed market structure as most short-term holders (STHs) are losing money. Of about 5.7M BTC held by STHs, only 8% are profitable while ~92% are underwater, suggesting possible sell pressure ahead. Strategy’s realized price for its 762K BTC sits around $75.6K, lining up with recent …
Bitcoin traders are again staring at a chart structure that resembles the setup that preceded the market’s roughly 30% drop from late January into early February. But several order-flow analysts argue the comparison is incomplete, because the underlying spot-book picture looks materially stronger this time. Will The 30% Bitcoin Crash Repeat? That debate picked up on March 24 after analyst Exitpump (@exitpumpBTC) posted a chart comparing the current range with the earlier breakdown zone. The visual similarity is hard to miss: in both cases, BTC traded inside a defined consolidation before slipping into the lower end of the structure. In the earlier episode from January 29 to February 5, that pattern gave way to a sharp -30% move into the low-$60,000s. In the current one, Bitcoin was trading around the $70,000 area, with price again sitting near a vulnerable-looking part of the range. Exitpump’s core argument is that the resemblance in price structure masks a key difference in liquidity. “I see people are comparing current spot to previous range and what many are missing here is that now aggregated spot orderbooks have way more passive demand than they had in the previous range,” he wrote. “Dump to low $60Ks is okay, acceptable, but not expecting bigger downtrend while such passive demand stays.” Related Reading: Bitcoin Holds $70K – Is The High‑Beta Era Over? That distinction matters because the chart he shared suggests the market is not entering this setup with the same thin bid support seen before the earlier flush. In his framing, the prior range featured fewer resting bids and more overhead asks. The current range, by contrast, shows thicker spot-book demand and relatively lighter sell-side pressure, implying that even if BTC revisits the lows, the path to a deeper trend breakdown may be less straightforward. Exitpump also pushed back on the idea that this type of deeper spot-book liquidity is easily manipulated. After one user asked whether spoofing is common in aggregated order-book data, he replied: “deeper depth spot orderbooks don’t spoof, those bids sit there for weeks or even months.” That is a consequential point in the context of the trade. If the demand visible in the book is genuine and sticky rather than tactical and fleeting, then the market may have a stronger absorption layer beneath price than it did during the January-February slide. Related Reading: Bitcoin Miner Selling Pressure Drops To Near Three-Year Low Still, the short-term flow picture is not cleanly bullish. In a separate post, Exitpump said the order books had “flipped bearish,” adding that “yesterday was better, but looks like momentum to the upside is fading away.” He also flagged positioning risk, saying open interest RSI was near an extreme and that “chances of longs unwind has increased.” Other market watchers pointed to the same deterioration from different angles. Maartunn (@JA_Maartun) noted that the Coinbase Premium Gap had turned negative again, a sign that Coinbase spot demand was lagging. Zord’s (@ZordXBT) read was more explicitly cautious: “Funding stays positive + Volume is down + Coinbase in deep red territory. Not going to lie, price wise the chart looks like it wants to continue but orderflow wise, things are looking like distribution.” He then laid out what would need to improve to make the move more convincing. “Maybe some more volume + Coinbase in green would be good. Funding slightly down will be cherry on the cake.” At press time, BTC traded at $71,482. Featured image created with DALL.E, chart from TradingView.com
Iran told the International Maritime Organization this week that non-hostile ships could pass through the Strait of Hormuz. That single statement was enough to send Bitcoin back above $70,000 — a level it had been struggling to hold as tensions between Washington and Tehran kept traders on edge. Related Reading: Shiba Inu Flirts With $0.0000052 Support As Exchange Supply Swells A Volatile 48 Hours For Bitcoin The ride up was not smooth. For roughly two days, Bitcoin whipsawed as headlines shifted by the hour. US President Donald Trump threatened to bomb Iranian power plants. Then he didn’t. Reports surfaced of possible peace talks. Tehran denied them. Each headline moved the price. By the time Washington’s formal 15-point proposal leaked through regional media, Bitcoin had climbed to $71,100 — up just 0.3% in 24 hours, but the direction mattered more than the number. Announces a Truce to Stop the War with Iran Trump surprises the world with a tweet that flips the table! President Donald Trump has suddenly announced a 5-day truce in exchange for negotiations toward a comprehensive solution with Iran. He stated that there were “good and… pic.twitter.com/nrln9EysTo — khaled mahmoued (@khaledmahmoued1) March 23, 2026 The broader market felt it too. WTI crude dropped 5.31% to $87.44 a barrel. Brent crude fell 6.06% to just under $100. Gold rose 2.50% to $4,586. Risk assets and safe havens moved in opposite directions, and Bitcoin sat somewhere in between — part speculative bet, part hedge, depending on who was buying. The Proposal That Moved Prices Washington delivered its offer through Field Marshal Syed Asim Munir, Pakistan’s Chief of Army Staff, who served as the go-between. The plan covers 15 points. According to reports, it asks Iran to shut down its key nuclear facilities — Natanz, Isfahan, and Fordow — halt further uranium enrichment, and eventually hand existing stockpiles over to the International Atomic Energy Agency. In return, all active sanctions would be lifted with a written guarantee against reimposition. The US has also offered to help Iran develop civilian nuclear power plants for electricity generation. For crypto traders, the details mattered less than the signal. A potential end to the conflict meant lower oil prices, easing inflation pressure, and more appetite for risk. Bitcoin responded accordingly. Tehran’s Denial Keeps The Market Guessing Iran’s government has refused to acknowledge any negotiations are taking place. Missile strikes linked to Tehran and its allied forces have continued even as the proposal circulates. Related Reading: Bitcoin Shorts Squeezed Out $44M As Spot Demand Stays Weak That contradiction — a goodwill gesture at the Strait of Hormuz alongside ongoing military action — has left markets in a holding pattern. Bitcoin holding above $70,000 reflects cautious optimism, not conviction. One firm rejection from Tehran could unwind the move fast. Traders are watching every statement out of Iran closely, knowing the next headline could push prices in either direction. Featured image from Unsplash, chart from TradingView
One thing that has stood out about Bitcoin is how different the recent bull cycle was from other bull cycles. For example, even after the Bitcoin price surged to new all-time highs, the altcoins never followed, and therefore, there was no explosive altcoin season as many expected. Following this deviation, crypto analyst Swallow Academy has purported that the digital asset is likely to keep deviating, and that would mean that it has now entered another bear market cycle. Why Bitcoin Price Is Headed Below $30,000 The chart shared on the TradingView website by the crypto analyst points to the fact that the Bitcoin price has completed a Head and Shoulders pattern. The first shoulder had been formed at the start of the year 2025, and when the digital asset hit a new all-time high later in the year, then the head was formed. Related Reading: The Dogecoin Setup That Could Create New Crypto Millionaires Then, moving into 2026, when the price began a brutal reversal, a second shoulder was formed. Now, the crypto analyst admits that the second shoulder is a bit weak, but it is still a shoulder, and this has completed the pattern. The end of this pattern points to the fact that the Bitcoin price is weakening and could crash further. This structure actually points to much lower zones than most of the market is expecting. But the crypto analyst explains that even though some people say it’s extreme to say that the cryptocurrency has entered a bear market, the facts say otherwise. Since this cycle is not the same as other cycles, it is then logical to expect that the bear market will not play out the same. As before, the opposite of what the market expects usually happens, and since most investors are expecting Bitcoin not to fall below $40,000, it is likely that it will go much lower. In addition, the Bitcoin price had been struggling to hold support at $70,000, and if this support is lost, it could open the way for deeper declines. Related Reading: Altcoin Trading Volumes Hit Multi-Month Lows, Market Interest Waning Once the Bitcoin price begins to fall again, the crypto analyst puts the first stop at $52,300, where there is support. However, the analyst expects this level to eventually fail as well, and then the next stop for Bitcoin would be to bottom somewhere around $30,000. As Swallow Academy explains, this level would then be the most logical level to begin accumulating BTC. This is because Bitcoin recoveries are usually swift once the price hits a bottom and it begins to reverse again. Featured image from Dall.E, chart from TradingView.com
On Tuesday, a bitcoin wallet originally owned by Irish drug dealer Clifton Collins moved $35 million worth of BTC after 10 years of dormancy.
Bhutan transferred 519.7 BTC, worth $36.75 million, to two wallets on Wednesday, according to Arkham data.
Metaplanet, a Tokyo-listed company with one of the world’s largest corporate Bitcoin treasuries, is launching the MetaPlanet Card this summer exclusively for shareholders. The card rewards users with 1.6% of every purchase in Bitcoin, making it easy to earn crypto through everyday spending. This move aims to enhance shareholder value and engagement, while strengthening the …
In his 2026 annual shareholder letter, BlackRock CEO Larry Fink laid out an ambitious outlook for the firm’s presence in digital assets, forecasting that BlackRock’s crypto business — and the broader market — could be generating roughly $500 million in annual revenue within the next five years. Tokenization Will ‘Update The Plumbing’ Of Finance As reported by Forbes, BlackRock has positioned itself as a market leader in Bitcoin (BTC), handling about 800,000 BTC worth approximately $55 billion for its clients through its iShares Bitcoin Trust exchange-traded fund (ETF). Beyond Bitcoin exposure, BlackRock has expanded into tokenized funds: its USD Institutional Digital Liquidity Fund, known as BUIDL, became the world’s largest tokenized fund last year after surpassing $2 billion in assets under management (AuM). Related Reading: Circle (CRCL) Crashes Below $100 After Senate Revises Crypto Bill To Ban Stablecoin Rewards Fink singled out tokenized products and stablecoin operations as major pillars of the firm’s strategy, disclosing that BlackRock manages $65 billion of stablecoin reserves and nearly $80 billion of digital-asset exchange-traded products (ETPs). Those figures, the executive said, reflect how BlackRock has moved quickly to establish institutional-quality offerings in the digital markets. Additionally, the CEO argued that tokenization has the potential to “update the plumbing of the financial system,” broadening access to investments in the same way the internet expanded commerce in the 1990s. BlackRock CEO Warns US Risks Losing Crypto Lead Citing research from Juniper, Fink noted that about half the world’s population already carries a digital wallet on their phone, and suggested that those same wallets could one day be used to invest in diversified portfolios as easily as sending a payment. Fink painted tokenization as a generational opportunity and warned of strategic risk if the US falls behind. Last year, he urged faster adoption of digitization and tokenization, arguing that other nations could overtake the US if it lags. Related Reading: Bitcoin Expert Predicts ‘Golden Entry Window’ For Next Bull Market In October 2026 At the same time, the BlackRock CEO pushed back on skeptics like Warren Buffett who dub Bitcoin “worthless,” characterizing the asset instead as one that people hold for reasons tied to insecurity. “You own bitcoin because you’re frightened of your physical security. You own it because you’re frightened of your financial security,” he wrote in its shareholders letter, adding that a longer-term rationale for holding Bitcoin is protection against the debasement of financial assets driven by fiscal deficits. At the time of writing, Bitcoin was trading at $69,420, down 2% over the last 24 hours and down 7% over the last seven days, amid a broader market sell-off on Tuesday. This follows last week’s rejection at the $76,000 resistance level, which the cryptocurrency failed to surpass. Featured image from the Wall Street Journal, chart from TradingView.com
The US, through the primary intermediary Field Marshal Syed Asim Munir (Pakistan’s Chief of Army Staff), has sent Iran a 15-point plan aimed at bringing an end to the prevailing war. In the plan, the US proposes the lifting of all active sanctions on Iran, with a guarantee that the sanctions will not be re-imposed. …
Bitcoin price started a recovery wave above $69,200. BTC is now back above $70,000 and might aim for a steady increase if it clears $71,650. Bitcoin started a decent recovery wave above $69,500 and $70,000. The price is trading above $70,000 and the 100 hourly simple moving average. There is a bullish flag pattern forming with resistance at $70,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another decline if it stays below the $71,200 and $71,650 levels. Bitcoin Price Faces Resistance Bitcoin price started a recovery wave above the $68,800 pivot level. BTC climbed above the $69,200 and $69,500 resistance levels. The bulls were able to push the price above the 38.2% Fib retracement level of the downward move from the $75,997 swing high to the $67,343 low. The price even climbed above $71,200 before the bears appeared near the $71,650 level. Bitcoin is now trading above $70,000 and the 100 hourly simple moving average. If the price remains stable above $69,500, it could attempt a fresh increase. Immediate resistance is near the $70,700 level. There is also a bullish flag pattern forming with resistance at $70,700 on the hourly chart of the BTC/USD pair. The first key resistance is near the $71,650 level or the 50% Fib retracement level of the downward move from the $75,997 swing high to the $67,343 low. A close above the $71,650 resistance might send the price further higher. In the stated case, the price could rise and test the $72,500 resistance. Any more gains might send the price toward the $73,200 level. The next barrier for the bulls could be $73,500. Another Decline In BTC? If Bitcoin fails to rise above the $71,650 resistance zone, it could start another decline. Immediate support is near the $70,000 level. The first major support is near the $69,500 level. The next support is now near the $69,000 zone. Any more losses might send the price toward the $68,200 support in the near term. The main support now sits at $67,500, below which BTC might struggle to recover in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $69,500, followed by $69,000. Major Resistance Levels – $70,700 and $71,650.
US business activity slowed in March, and the new PMI data delivered a warning that markets are starting to price in: growth is losing momentum just as price pressures pick up again. That creates a pretty tough backdrop for Bitcoin to trade in. When the economy cools while inflation stays elevated, traders expect the Federal […]
The post Bitcoin faces a new threat after US PMI reignites stagflation fears appeared first on CryptoSlate.
Bitcoin’s halving clock is ticking toward what analysts call a critical threshold — and the crypto market has bigger problems on its hands right now. Related Reading: XRP Ledger Signals Growth With $1M Unlock And Activity Surge Conflicting Signals From Washington And Tehran Reports indicate that US President Donald Trump described recent contact with Iranian officials as productive, suggesting both sides had found common ground on winding down hostilities. He even floated the idea of Iran sharing control over the Strait of Hormuz and working alongside whoever leads the country after Supreme Leader Ali Khamenei. Markets moved fast on those words. Bitcoin climbed from roughly $68,850 to $71,250 — a gain of about 3.50% — while Ethereum rose 2.50% to $2,125. Oil, which had been trading above $100 a barrel, dropped to $89.40. Iran’s Foreign Ministry Pushes Back Spokesperson Esmail Baqaei said his government has not held any talks that could be described as productive with Washington. He added that Iran has not responded to messages passed through third-party countries — Turkey, Oman, and Egypt among them — urging a negotiated off-ramp from the conflict. Iran’s conditions for ending the war remain unchanged: US military bases closed, American forces disarmed, full control of the Strait of Hormuz transferred to Iranian governance, financial compensation for war damages, and a binding guarantee against future military action. Those are not conditions that bend easily. Markets Caught Between Two Stories With Washington and Tehran offering opposing accounts of where diplomacy stands, crypto traders were left with little to go on. Bitcoin stalled near the $70,000 mark, unable to hold the momentum it briefly found on Trump’s remarks. The mismatch in statements from both governments has kept investors cautious, and analysts say continued volatility is likely as long as the geopolitical situation stays unresolved. Oil prices are a key variable. If the conflict heats back up — especially around the Strait of Hormuz, through which a significant portion of the world’s oil passes — energy costs could surge again. Higher energy prices feed inflation, and inflation clouds the outlook for interest rates. That chain of events tends to pull risk assets lower, and crypto has not been immune. Upcoming releases on US inflation and unemployment claims, along with commentary from the Federal Reserve on how rising energy costs might shape rate decisions, are all on traders’ radar this week. Related Reading: Crypto Adoption No Longer Optional, Survey Finds As 72% Of Finance Leaders Signal Commitment Whale Activity Points To A Market At A Crossroads On-chain data shows Bitcoin’s Exchange Whale Ratio sitting at 0.7. Based on historical patterns, that level has often appeared near market bottoms, which some read as a sign that large holders are accumulating rather than selling. Featured image from Trends Research, chart from TradingView
Bitcoin is trading above the $71,000 level as the market navigates heightened volatility, reflecting a phase of uncertainty following recent price swings. While short-term momentum remains unstable, underlying on-chain data suggests that the current market structure may differ significantly from previous cycles. Related Reading: Bitmine Locks 68% of Ethereum Holdings As Staking Position Surpasses $6.75B According to a CryptoQuant report, UTXO Age Bands data for 2025–2026 presents a pattern that contrasts sharply with historical bear markets. In both the 2018 and 2021 cycles, the share of Bitcoin held for six months or longer declined rapidly, signaling widespread distribution as long-term holders exited positions into weakness. In the current cycle, however, this dynamic is notably absent. Despite price pullbacks, the proportion of long-term held coins is not declining. Instead, it is holding steady or even gradually increasing. This suggests that a significant portion of capital in the market has no immediate intention to sell, even under volatile conditions. This behavior extends beyond traditional “HODLing.” It reflects a structural shift in market participants, where capital appears more patient and less reactive to short-term price fluctuations. As a result, the classic distribution mechanisms that defined previous downturns are not manifesting in the same way, challenging conventional interpretations of current market conditions. Institutional Flows Redefine Bitcoin’s Market Structure The report further explains that since the approval of spot Bitcoin ETFs in January 2024, market behavior has undergone a structural shift. Institutional participation has diverged meaningfully from traditional retail patterns. ETF issuers hold acquired BTC in cold custody structures, meaning their selling decisions are largely disconnected from short-term price fluctuations. This creates a different supply dynamic compared to previous cycles, where retail-driven distribution played a more dominant role. In parallel, broader developments such as digital asset treasury (DAT) adoption and discussions around national strategic reserves are reinforcing this shift. These participants operate with fundamentally different time horizons and risk frameworks, raising the threshold at which they are willing to sell. At the same time, consistent ETF inflows continue to introduce new demand into the market, allowing price dips to be absorbed rather than amplified by excess supply. Within this context, the current cycle appears less like a confirmed bear market and more like a transitional phase between paradigms. The traditional four-year halving cycle is becoming less predictive as institutional capital reshapes market dynamics. Looking ahead, the planned launch of a bank-issued Bitcoin ETF by Morgan Stanley—with significantly larger capacity—further supports this thesis. On-chain data increasingly suggests not the start of a downtrend, but the continuation of a structurally evolving upcycle. Related Reading: Ethereum Whales Return to Profitability as Historical Bottom Signal Reappears Bitcoin Stabilizes Above $70K, but Trend Structure Remains Weak Bitcoin is currently trading just above the $71,000 level, attempting to stabilize after a sharp corrective move that began in early February. The chart shows a clear breakdown from prior highs near $95,000–$100,000, followed by a steep decline and a subsequent consolidation phase. From a structural perspective, BTC remains in a downtrend on the daily timeframe. Price continues to trade below the 50-day and 100-day moving averages, both of which are trending downward, indicating sustained bearish momentum. The 200-day moving average remains significantly above the current price, reinforcing longer-term trend weakness and acting as a key resistance zone. Related Reading: Ethereum Exchange Inflows Signal Shift: Whales Reduce Selling Pressure The recent price action suggests a range-bound recovery rather than a confirmed reversal. Bitcoin briefly pushed toward the $74,000 region but failed to maintain upward momentum, indicating limited buyer conviction. Volume analysis supports this, with the largest spikes occurring during the sell-off phase, while the recovery has been characterized by relatively muted participation. In the near term, the $70,000 level has flipped into a key pivot zone. Holding above it is critical for short-term stability, while resistance remains in the $73,000–$75,000 range. A break below $70K could expose the $65,000 region again, while a sustained reclaim of higher levels is required to shift momentum. Featured image from ChatGPT, chart from TradingView.com
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bitcoin's resilience amid geopolitical tensions and institutional support suggests a potential shift in its role as a stable value store.
The post Bernstein says Bitcoin bottom is in, reaffirms $150K year-end target appeared first on Crypto Briefing.
Crypto continues to show resilience with bitcoin (BTC) steadily trading around $70-$71k after briefly dropping below the $70k mark over the weekend, outperforming prior Middle East‑driven sell‑offs where thin liquidity exaggerated downside. Related Reading: Bitcoin PMI Cycle Is The Only Signal That Matters, Analyst Explains Why New QCP’s Market Colour argues that Trump’s failed push for Iran to reopen the Strait over the weekend set the scene for bitcoin’s start of the week. At first, risk assets slipped as traders braced for a spike in geopolitical danger, factoring in possible attacks on Iranian power facilities if the choke-point stayed shut. Once the deadline expired and Trump revealed that any strikes were being delayed due to “productive conversations”, the nerves calmed down a bit and crypto stabilized along with the rest of the risk complex. An Era Shift For Bitcoin? The kind of resilience BTC is showing may partly stem from reduced leverage in the market, but it could also hint at the very early beginnings of a new phase for BTC, where it no longer behaves like a straightforward peer to traditional risk assets. The QCP report also suggests that bitcoin could increasingly function as a “neutral escape valve”, amidst US national debt passing $39 trillion, all the stagflation chatter and a classic policy trap for central banks (can’t ease aggressively or inflation would run rampant, can’t tighten without the risk of a recession). Let’s not forget the core facts that could make bitcoin a neutral escape valve: BTC has a fixed supply cap of 21 million coins, while fiat can expand indefinitely as governments issue more debt and central banks monetize deficits. As US and global debt piles up, fiat increasingly depends on inflation, financial repression, or higher taxes to stay sustainable. However, BTC’s rules do not change with policy decisions. This is the basis on which investors see bitcoin as a neutral, permissionless asset that offers a way out of mounting fiat debt risk and potential currency debasement. Related Reading: Bitcoin Price Will Not See A Proper Surge Until This Happens; Analyst Geopolitical Unrest Drags On Adding to all of this is the “yuan‑for‑passage” concept floated by Iran, which would effectively settle Hormuz access in Chinese yuan rather than USD, framing an incremental, still‑hypothetical step in de‑dollarization. Right now, the dollar is still firm and the US bond market continues to function, but repeated war scares and sanction risk keep re‑opening the conversation around neutral, permissionless settlement rails like bitcoin. With past QCP notes arguing that BTC is no longer a straightforward high‑beta play but also not yet a full safe haven, the asset now lives in the in‑between. As the war drags on and US debt climbs, each new shock becomes a live test of whether BTC behaves more like a growth stock, a commodity hedge, or something structurally new in portfolios. At the moment of writing, BTC's price sits just below the $70ks. Source: BTCUSD on Tradingview Cover image from Perplexity, BTCUSD chart from Tradingview
Bitcoin is trading around $69,900, down roughly 2.3% in the last 24 hours. The broader crypto market has dropped in tandem, shedding 1.71% of its total value. If you are wondering what is behind the move, the answer lies less in crypto itself and more in what is happening in the world right now. The …
Bitcoin continued its upward momentum above $71,000 on Tuesday as investors continued to weigh the market impact of President Donald Trump’s decision to pause planned US attacks on Iranian power and energy infrastructure for five days. Data from CryptoSlate showed that the top cryptocurrency was trading at around $71,185 as of press time, rising 4% […]
The post Bitcoin eyes bullish move to $75,000 where the real fight for recovery is decided beyond Iran pause appeared first on CryptoSlate.
Bernstein analyst Gautam Chhugani believes Bitcoin’s recent low near $71,000 may mark a cycle bottom after the price dropped about 50% from its October 2025 peak. The firm highlights steady ETF inflows, rising institutional demand, and easing macro pressures as reasons for confidence and maintains a $150,000 year‑end target for 2026. Bernstein also notes Strategy’s …
Bitcoin’s price action is looking uncertain on the surface, but one crypto analyst believes the real story is playing out far from the charts that most traders are watching. According to crypto analyst Crypto Tice, all of that Bitcoin price noise obscures a single, quietly reliable signal that has accurately traced out every major Bitcoin cycle in history: the Purchasing Managers’ Index. In a post on X, Tice noted that the PMI cycle is the only one that matters, and right now, it is flashing. The PMI Cycle Has Defined Every Bitcoin Bottom The PMI is a monthly economic indicator that tracks business activity across manufacturing and services sectors. On the surface, this may seem disconnected from the crypto market. However, the analyst’s outlook on the PMI is grounded in historical repetition: Bitcoin tends to form its most important lows when PMI is contracting, not when optimism is high. Related Reading: Breaking Down The $100 XRP Prophecy: Is There A Timeline? During these contraction phases, liquidity quietly grows in the background. The crypto market appears weak, sentiment turns negative, and price action stalls or drifts lower. But this is the exact period where long-term accumulation has always taken place for Bitcoin. As shown in the chart below, each major Bitcoin cycle shows green zones forming during periods of PMI contraction, followed by strong upward expansions once conditions change. These conditions are based on previous market bottoms, with examples being the accumulation ranges before the 2017 and 2021 rallies. Green-shaded zones labeled “scale out” periods consistently correspond with peak price phases across multiple cycles in 2013, 2017, and 2021. Red-shaded “scale in” zones, by contrast, highlight the accumulation floors. Bitcoin Price Chart. Source: @CryptoTice_ On X What The PMI Indicator Is Saying Now At the time of writing, the Purchasing Managers’ Index is sitting at a reading just above 48, which is bordering below the expansion signal reading of 50. What this means is that Bitcoin is currently sitting in the early phase of the PMI, which is the same structural zone that preceded each of the major rallies catalogued in the chart above. Related Reading: 4 Bitcoin Targets To Be On The Lookout For As Price Retests S/R Zone The indicator on the chart is positioned in a red accumulation zone and is expected to resolve to the upside over the coming months. According to the analyst, Bitcoin is currently in the exact same zone that marked every major buy window in history. However, this current accumulation zone won’t be available much longer. Bitcoin is currently trading at $71,070 with a 3.8% increase in the past 24 hours. It has spent quite a bit of time trading around $70,000, which is giving more credit to the idea that it has already bottomed. Notably, some analysts have begun pointing to this possibility. However, Bitcoin is still dealing with investor fear sentiment. Bitcoin sentiment is now back in fear, just days after showing signs of recovery. Featured image created with Dall.E, chart from Tradingview.com
Despite its relative rarity, the event reflects normal network behavior, as nodes adopt the chain with the most cumulative proof of work.
Fidelity’s latest quarterly crypto livestream framed the second quarter of 2026 as a transition period for crypto assets, with the firm’s speakers pointing to a mix of macro, regulatory, and on-chain developments that could shape the next phase of the market. The discussion centered on bitcoin’s current consolidation, the growing role of stablecoins, and whether smart contract platforms could find new momentum through tokenization and AI-driven developer productivity. Crypto Outlook For Q2 2026 Jurrien Timmer, Fidelity’s director of global macro, described the recent selloff as a “mild winter” rather than the kind of deep crypto washout seen in prior cycles. Bitcoin, which he said peaked around $126,000 before falling to roughly $60,000, has already endured a drawdown of more than 50%, but he argued that such declines should become less severe as the asset matures. “I’m not looking for an 80% drawdown, which would be a pretty harsh winter,” Timmer said. “I think a 50% to 60% drawdown, which is what we’ve had, is probably as much as it needs to go. Again, not market timing here, but I think we’re in the zone. So yes, a mild winter, but maybe spring is around the corner.” That view ties into a broader Fidelity debate around whether bitcoin’s four-year cycle is still intact. Max Wadington of Fidelity Digital Assets said Q1 likely confirmed the timing component of the cycle, given that the prior all-time high in November 2021 lined up closely with the market peak in late 2025. But both speakers argued that the mechanism behind the cycle is changing as halvings matter less and demand-side factors take on greater importance. Related Reading: Sen. Lummis Predicts Crypto Market Structure Markup In April, Senate Passage By Year-End For Timmer, the immediate setup is less about a fresh breakout than a base-building phase. He said bitcoin appears to be testing a range around $60,000 to $70,000 while the market searches for a new narrative after both the “hard money” and speculative trades lost momentum. “We’ve done the hard money narrative. Gold is running that show right now. We had the speculative narrative,” Timmer said. “And so I think it’s sitting here waiting for a new storyline, if you will. It’ll still be related to those two. But something needs to happen.” One possible catalyst is macro policy. Timmer said he is watching prospective leadership changes at the Federal Reserve closely, arguing that a closer alignment between the Fed and Treasury in managing the debt load could eventually revive the hard-money case for bitcoin if markets begin to question central bank independence. In his telling, gold has already responded to that theme, while bitcoin has lagged. The macro picture is not one-dimensional, however. Timmer said bitcoin is currently caught between two identities: an “aspirational store of value” tied to monetary debasement and a speculative asset that often trades in line with tech risk. Related Reading: Crypto Adoption No Longer Optional, Survey Finds As 72% Of Finance Leaders Signal Commitment He pointed to a disconnect between rising global money supply, which he pegged at around $120 trillion and up roughly 12% year over year, and bitcoin’s weaker recent performance. At the same time, he noted that software stocks have been under pressure, and bitcoin has moved more in that direction than alongside hard-money assets. Wadington’s Q2 focus sits further down the stack. He highlighted tokenization, DeFi, and stablecoins as major themes already gaining traction, especially after Fidelity Digital Assets launched its own dollar-backed stablecoin, FIDD. He stressed that stablecoins should not be viewed as long-term investments so much as on-chain cash instruments designed for round-the-clock, low-cost global transfers. More interestingly, he said the next leg for Ethereum and Solana may come not only from AI agents transacting on-chain, but from AI making crypto developers more productive in the near term. “What I’m looking for are any signs or signals that show the thousands of crypto developers getting marginally or incrementally more productive,” Wadington said. “And I think that’ll have a direct impact on the underlying value of these assets. I personally don’t think it’s something that’s been talked about much that we could see come up in the metrics pretty shortly here.” At press time, the total crypto market cap stood at $2.41 trillion. Featured image created with DALL.E, chart from TradingView.com
Bitcoin on Tuesday confirmed its impact on the ongoing US-Iran War. The Flahship cryptocurrency surged nearly 4% from the $68,000 USD region to $71,000 USD, showing increased buyer interest after a 19 March close. Currently trading at $70,900, the Bitcoin trading volume surged 41%. This happened when Trump started talks toward a ceasefire, though there …
Over $44 million in short positions were wiped out on Binance in a single hour Monday — the largest one-hour short liquidation since February 6 — yet the price surge it helped trigger drew little enthusiasm from actual buyers. Related Reading: Shiba Inu Flirts With $0.0000052 Support As Exchange Supply Swells Futures Chaos, Not Fresh Money, Lifted BTC Bitcoin climbed to a weekly high of $71,801 on Binance during the US market session, pushed higher largely by forced closures of short positions rather than new capital entering the market. Aggregated open interest across Bitcoin futures fell by roughly 9,700 BTC — a 3.5% drop — over 13 hours while prices rose. When open interest falls during a rally, it typically means traders are exiting positions, not adding them. That’s not the signature of a confident bull run. The Coinbase premium, which tracks whether US buyers are paying above or below the global average price, stayed negative throughout the move. Reports indicate limited spot demand from US participants during the entire rally window. Binance Volumes Sink To Bear Market Levels The broader picture looks just as thin. According to crypto analyst Darkfost, March is on pace to record the lowest Binance spot volume since the third quarter of 2023 — around $52 billion, compared to $88 billion that September. That September figure itself came during a period widely characterized as a bear market. Exchange flow data tells a similar story: seven-day cumulative flows on Binance hit their lowest point since 2024, based on data reported by analyst Arab Chain. Coinbase flows held relatively steady by comparison, suggesting longer-term holders are maintaining activity while shorter-term traders pull back. The trigger for Monday’s price action was a news report that US President Donald Trump had paused plans for military strikes on Iran’s energy infrastructure, citing diplomatic progress. Iran’s foreign ministry quickly denied that any such talks had taken place. BTC still rallied on the headline. Whale Activity Flashes An Unusual Signal One data point stands apart from the rest. A market analyst identified a record spike in what’s called whale inflow momentum — a measure of how fast large amounts of Bitcoin are being moved onto exchanges. The current reading of 74 is higher than any point in the past 11 years. The last time it exceeded this level was in 2015, when it hit 124. Related Reading: Bitcoin Holds As Gold Posts Worst Week Since 1983 Amid Iran War High whale inflows don’t automatically signal selling. But reports note the elevated pace points to aggressive capital rotation and hedging among large holders, which could make Bitcoin’s price more sensitive to short-term swings in the weeks ahead. For now, the rally stalled around the $71,000 to $72,000 range, with no clear indication that the demand needed to push meaningfully beyond it has arrived. Featured image from zoranm/Men’s Health, chart from TradingView
The Bitcoin network recently underwent an uncommon two‑block reorganization near block height 941,880, when competing chains briefly formed among major mining pools including Foundry USA, AntPool, and ViaBTC. In Bitcoin’s proof‑of‑work system, short reorganizations like this can occur when blocks are found nearly simultaneously, creating a temporary fork that’s resolved once one branch becomes longer …
Bitcoin has now spent four consecutive months under the $100,000 mark for the first time since it crossed the milestone back in 2024. This move signaled a return to the bear market, and the trend has persisted since then. Even now, sellers are more than likely still dominating the market, despite the market recovery. One crypto analyst notes an interesting trend concerning Bitcoin, suggesting that participation from smaller investors might be dying out. Retail Investors Are Gone, And Bitcoin Could Be In Trouble The recent Bitcoin downtrend has suggested a drying up of liquidity in the crypto market, and this is represented by the data showing a decline in participation from retail trades. In a chart shared by crypto analyst Crypto Tice, it showed that retail investment has plummeted since Bitcoin price hit its all-time high. Related Reading: Altcoin Trading Volumes Hit Multi-Month Lows, Market Interest Waning The analyst highlights that transactions below $10,000 specifically have accounted for the majority of the decline. This means that retail investors, or smaller investors who are not institutions, are no longer putting money into the digital asset at the rate at which they were before. This trend, the analyst explains, is a demand destruction and is often a predecessor of major Bitcoin bear markets in history. The trend has always been similar: first, retail leaves, and next, the volume begins dropping, and these are bear market signals. If the analyst is right, then it means that the Bitcoin decline is far from over. As the crypto analyst explained, the data is “screaming” right now that a bear market is coming. Crypto Tice warns that this is the time to be cautious and not the time for “blind optimism”. When Will The Bull Market Return? Bull markets are often driven by an influx of liquidity, triggering a buying spree, and this is no different. Naturally, retail investors play a huge role in this, meaning their absence from the market often spells doom. As the analyst explains, until these retail investors return, then the Bitcoin price recoveries are likely to remain capped, meaning it has limited upside in the meantime. Related Reading: Why The XRP Supply In The Billions Is Not A Problem Going by the shared chart, retail investment will have to rise above 10% again in order to trigger another sustained run. In the last year, the highest level has been 30% at the start of 2025, which was a precursor to the Bitcoin price hitting multiple all-time highs. Thus, a return to this level could trigger the next major run, possibly move $100,000. Featured image from Dall.E, chart from TradingView.com