Bitcoin is testing the $70,000 level after briefly surging toward $74,000, as the market attempts to stabilize following a volatile period marked by geopolitical uncertainty and rapid price swings. While the recent rally helped restore short-term momentum, analysts are closely monitoring on-chain data to determine whether the move reflects a broader shift in market structure or simply a temporary recovery within an ongoing consolidation phase. Related Reading: The $73,000 Test: Crowded Shorts And Negative Funding Fueled Bitcoin’s 15% Recovery According to top analyst Axel Adler, recent exchange flow data reveals a notable development that could signal underlying accumulation. An unusually large Bitcoin outflow was recorded this week, with approximately 31,900 BTC leaving exchanges in a single day. Historically, events of this magnitude have often been associated with large-scale transfers into cold storage, suggesting that some market participants may be moving coins off trading platforms for longer-term holding. Over the past seven days, Bitcoin netflows from exchanges have remained consistently negative. Daily outflows included roughly 2,867 BTC on February 27, 1,205 BTC on February 28, 251 BTC on March 1, 6,129 BTC on March 2, 1,819 BTC on March 3, a sharp 31,900 BTC on March 4, and 3,478 BTC on March 5. In total, approximately 47,700 BTC exited exchanges during the week, one of the largest weekly outflow figures observed over the past year. Stablecoin Flows Reveal Liquidity Deployment Into Bitcoin The report also examines stablecoin activity across exchanges, highlighting an important shift in liquidity dynamics during early March. Data from the All Stablecoins (ERC20) Exchange Netflow metric tracks the daily net movement of stablecoins across trading platforms and provides insight into how capital flows into and out of the crypto market. For most of 2025, stablecoin netflows displayed a largely neutral pattern, characterized by alternating inflows and outflows without a sustained directional trend. Several notable spikes occurred during the year, including inflows of roughly $2.7 billion in July and approximately $2.4 billion in September. However, a more significant regime shift emerged in early March 2026. Related Reading: The $1.35 Floor: How Extreme Negative Funding Is Priming XRP For A High-Velocity Trend Reversal At that time, the chart recorded a large stablecoin inflow of about $1.1 billion entering exchanges. Within just a few days, the trend reversed, with netflow falling to around -$37.5 million. While the current outflow is not extreme relative to historical swings, the rapid transition from inflow to outflow suggests that incoming liquidity was quickly deployed. According to the analysis, this movement likely connects directly to the anomalous Bitcoin outflow observed on March 4. The sequence suggests that stablecoins were first deposited onto exchanges, converted into Bitcoin through spot purchases, and then withdrawn into cold storage. Large-scale accumulators trigger this behavior, buying Bitcoin on exchanges and immediately transferring it to long-term custody. Bitcoin Tests Key Level Around $70K The 4-hour chart shows Bitcoin consolidating near the $70,000 level after a sharp recovery from the late-February lows around $63,000. Following the geopolitical-driven selloff, BTC entered a sideways structure for several weeks before breaking higher in early March and briefly reaching the $74,000 region. This move pushed the price above the short-term moving averages, signaling improving momentum. Currently, Bitcoin is testing the confluence of several technical levels near $70K. The price has pulled back from the recent local high and is now hovering around the descending 200-period moving average, which is acting as immediate resistance. The 50-period and 100-period moving averages are slightly below the current price, forming a short-term support cluster in the $68,000–$69,000 range. Related Reading: Manufacturing The Bitcoin Reserve: Inside The Trump Family’s 11,000-Miner Expansion At American Bitcoin From a structural perspective, the recent breakout shifted the market from a short-term downtrend into a consolidation phase with slightly higher lows. However, the rejection near $74,000 indicates that bullish momentum still faces overhead pressure. If Bitcoin manages to hold above the $69K support zone, the market could attempt another push toward the $73K–$74K resistance area. A decisive break above that region would confirm renewed bullish momentum. Conversely, losing the $68K support cluster could trigger another retest of the $65K–$66K range where strong buying previously emerged. Featured image from ChatGPT, chart from TradingView.com
Exhausted sellers may be giving Bitcoin some breathing room — but analysts say that’s a long way from a recovery. Related Reading: SEC Vs. Justin Sun Case Ends In $10M Settlement, Traders Eye TRX Price Reaction US Buyers Return, Pushing Prices Off Multi-Week Lows Data from on-chain analytics firm CryptoQuant shows the Coinbase Bitcoin Premium — a measure of US-based buying demand — has flipped from its most negative readings in early February to its highest point since October. That shift helped carry Bitcoin to a one-month high of $74,000 on Thursday, briefly touching the 50-day exponential moving average. It didn’t last. By Friday morning, the price had dropped more than $3,000, sliding back below $71,000 as momentum faded almost as fast as it built. The rally came alongside a wave of ETF inflows and what Nick Ruck, director of LVRG Research, called “renewed risk appetite.” But even as buyers stepped in, the broader conditions hadn’t changed. Ruck said that the advance “quickly faced headwinds,” with macro uncertainty and softer economic signals pulling the market back down. Bitcoin is still in a bear market despite the recent rally. Our Bull Score Index remains at 10/100, deep in bearish territory. The current move is likely just a relief rally, not the start of a new bull phase. pic.twitter.com/bh4O6jQPD6 — CryptoQuant.com (@cryptoquant_com) March 5, 2026 Bear Market Indicators Remain At Historic Lows CryptoQuant’s Bull Score Index — a composite reading of Bitcoin’s technical and fundamental health — sits at just 10 out of 100. That places it, by the firm’s own assessment, deep in negative territory. Reports from the firm say the number hasn’t moved despite the recent price action. “Even after the recent price rally, fundamental and technical indicators still point to a bear market environment,” CryptoQuant stated Thursday. The firm was blunt about what the brief climb likely represents: a short-term release of pressure, not a turning point. Unrealized losses among traders and long-term holders had reached levels last seen in July 2022 before the recent easing. That kind of exhaustion can slow a slide without reversing it. One signal pointing to easing pressure emerged Friday, when analysts said market momentum appears to be approaching a “critical shift.” According to their assessment, Bitcoin may be moving out of a phase marked by peak negative momentum — a stage that has often preceded broader changes in market direction. What follows that shift, and how quickly it unfolds, remains uncertain. Related Reading: Solana Stablecoins Hit $650 Billion In Monthly Transactions Macro Headwinds Keep A Lid On Any Optimism February nonfarm payrolls data, expected to show a slowdown, loomed as an added weight on sentiment. Analysts pointed to those “softer macro signals” as a reason cryptocurrencies remain open to fresh downside. Liquidity conditions had been supportive enough to spark the relief move, but not strong enough to sustain it. Bitcoin’s brief climb above $74,000 drew attention. The pullback drew more. With the Bull Score Index anchored near the floor and macro conditions still unsettled, analysts are watching for whether US buying demand holds — or fades just like the rally did. Featured image from Defenders of Wildlife, chart from TradingView
Following a three-day streak above $70K, Bitcoin (BTC) has fallen below this resistance level, trading at $68,131 (down 3.96% in 24) at the time of writing. Blockchain analytics firm CryptoQuant shows that Bitcoin selling pressure among short-term holders (STHs), or people who hold BTC for less than 155 days, has recently spiked. In the last …
Data of the Bitcoin URPD shows a supply chasm exists between $72,000 and $81,000, potentially making resistance in the region relatively light. Bitcoin URPD Signals Air Gap Until $81,000 In a new post on X, analyst Ali Martinez has talked about how Bitcoin support and resistance levels are looking from the perspective of the UTXO Realized Price Distribution (URPD). This indicator tells us about the amount of supply that was last transacted or purchased at the various price levels that BTC has visited in its history. Related Reading: Bitcoin Spot ETFs See 14-Day Netflows Surge: Demand Returning? Below is the chart shared by Martinez that shows the URPD for Bitcoin as it currently stands. From the graph, it’s visible that the levels between $60,000 and $70,000 hold the cost basis of a notable amount of the supply. The $67,000 mark, in particular, has a huge value on the URPD. Earlier, the bearish price action had meant that Bitcoin slipped all the way to the $60,000 level. What had followed the decline was a consolidation period in the region below $70,000. As the price moved sideways here and trading occurred, supply saw repricing into levels falling inside the range, which is potentially why the region is now looking so dense on the URPD. This week, Bitcoin has finally seen a breakout above $70,000, meaning that it’s now past the dense zone. As is apparent from the chart, the nearby levels in the up direction only hold a relatively small share of the supply. Generally, when the market mood is bearish, investors in loss can react to surges to their acquisition level by exiting the market. They may do so fearing that the price rally is only temporary and that they could fall underwater again. Due to this, large levels of the URPD that are situated above the spot price can act as potential centers of resistance in the future. Since the $72,000 to $81,000 price range is relatively thin with supply right now, it may not provide too much resistance to Bitcoin. As the analyst explains, “if momentum builds, there is open air in that range.” For momentum to build, the support levels below might have to hold first. Just like how large supply zones above can provide resistance, those below can act as support cushions instead. This happens as investors accumulate more to defend their acquisition level. Related Reading: Bitcoin Surge To $74,000 Fueled By US Institutions, Coinbase Premium Signals As the Bitcoin market sentiment has been quite bearish recently, it remains to be seen whether dips into the supply cluster at $70,000 and below will be met with buying. BTC Price At the time of writing, Bitcoin is trading around $70,500, up 4% over the past week. Featured image from Dall-E, chart from TradingView.com
Bitcoin’s brief rally above $73,000 during the past day has the feel of a price performance that could still fade, fast, noisy, and familiar to anyone who has watched bear-market rebounds fail. What is different this time is not the price print, but the growing alignment of signals pointing to a possible transition out of […]
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Bitcoin’s recent break above $70,000 is leading to questions of whether this is the start of a new impulsive leg higher or just another stop in a longer bottoming process. Crypto analyst CrypFlow, posting on X, laid out a technical case for why Bitcoin may be in the early stages of forming a major cycle bottom and why October 2026 could mark the launchpad for the next full-scale bull run. The analysis is based on multi-year trendlines, cycle behavior, and the Stochastic RSI indicator. Bitcoin Is Respecting Trendline That Has Held Since 2018 Technical analysis of Bitcoin’s price action on the monthly timeframe shows that the leading cryptocurrency’s price action is still respecting a multi-year trendline that has quietly shaped Bitcoin’s biggest cycle lows. That ascending trendline connects the 2018 cycle bottom with the 2022 bottom and now appears to be acting as support again in 2026. Bitcoin’s current position is now sitting right on top of that structure. Related Reading: Bitcoin Just Flashed Death Cross That Has Led To Previous Bottoms, But What’s The Target? CrypFlow also pointed to a major horizontal zone that previously acted as resistance around the 2021 cycle top. That old ceiling around $69,000 is now being tested as support in the current price action. That kind of role reversal is very important for Bitcoin’s price action, because it shows the cryptocurrency may be trying to build a base at the intersection of that old resistance band and the rising trendline. If Bitcoin manages to stay above the current zone near $69,000 without falling to the $50,000 region, it would mirror the structure seen at the 2022 bottom. That low formed at a similar confluence where the rising trendline met the previous cycle’s resistance from the 2017 peak. Timeline For A New Bull Run Price levels get all the attention. Time gets almost none, and according to CrypFlow, that is precisely where most people are getting this cycle wrong. The analyst pointed to the Stochastic RSI to track how long this indicator has spent below the zero line during each major bear market cycle, and the historical pattern is striking in its consistency. Related Reading: Analyst Says It’s Time For Bitcoin, But What’s Important About $58,000? In the 2018/2019 cycle, the Stochastic RSI spent approximately 365 days below zero before Bitcoin mounted its real reversal and the next bull market began. The same held true in the 2022/2023 bear market cycle, where Bitcoin spent roughly one full year below zero before the sustained recovery kicked in. This cycle, however, Bitcoin’s Stochastic RSI has only been below zero for around 120 days. Putting it all together, this opens up a scenario where Bitcoin forms a double bottom later this year, likely around October 2026, before the next major bull run begins. This doesn’t necessarily mean Bitcoin is about to crash further. What it does suggest, according to CrypFlow, is that the price action hasn’t completed the slow, grinding work that true cycle bottoms are built on. Featured image from Pngtree, chart from Tradingview.com
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bitcoin’s derivatives market is showing where the next major price reactions could occur. A liquidation map tracking leverage positions on the Binance BTC/USDT perpetual market highlights clusters of highly leveraged trades positioned above the current market price. This arrangement provides clues about how the next Bitcoin price move could unfold, how much short traders can be liquidated in the next sweep, and what could probably happen after. Massive Short Liquidation Wall Sits Around $71,800 Bitcoin has spent the past 24 to 48 hours trading above $70,000, offering an early glimpse into how price action may unfold for the leading cryptocurrency throughout March. Interestingly, technical analysis of the BTC liquidation heatmap on Binance, which was posted on X by crypto analyst Sherlock, shows clusters of highly leveraged trades positioned just above the current market price. This is notable to watch, as clusters often influence price direction because markets tend to move toward zones where large volumes of forced liquidations can occur. Related Reading: Analyst Says Bitcoin Price Bottom Hasn’t Happened Yet, Gives Timeline To Expect Reversal The most prominent liquidity target revealed by the chart is around $71,800, where a dense concentration of short liquidations has formed. This area is dominated by extremely high leverage positions, particularly 50x and 100x leverage, which shows that many Bitcoin traders are heavily positioned on the assumption that Bitcoin will fail to reclaim above $72,000. As shown in the Coinglass liquidation chart below, the vertical liquidation bars around $71,000 to $72,000 are significantly larger compared to surrounding levels. This shows a buildup of short positions that would be forced to buy back Bitcoin if the market rises into that zone. A move to that level could therefore lead to a chain reaction of liquidations, which in turn would contribute to a move upward as short positions are closed. BTC/USDT Liquidation Map. Source: @Sherlockwhale On X What Happens After The Liquidity Sweep? After the $71,800 level, the structure of the liquidation map changes noticeably. The bars on the chart become thinner across the $72,000 to $76,000 range, and the cumulative liquidation curve flattens. This means that once the initial wave of short liquidations is triggered, there may not be enough additional liquidation fuel to sustain a prolonged rally. Related Reading: Bitcoin Pattern Memory Predicts The Bottom, And It’s Below $40,000 According to Sherlock, that forced buying from liquidated shorts could carry Bitcoin from $71,800 to $75,000, but extending the rally beyond that point would need real buyers and organic demand. Not forced buying. At the time of writing, Bitcoin is trading at $70,500. The leading cryptocurrency faced sustained downward pressure throughout most of February, although signs of gradual spot accumulation are beginning to appear, and this could support a steady rally in March. If new buyers fail to support the price after liquidity at $76,000 is taken, then the price could quickly lose upward momentum. In that case, the price could fall straight back below $60,000. Featured image created with Dall.E, chart from Tradingview.com
The Bitcoin price has slipped below the $69,000 mark once again after facing strong rejection near the crucial $72,000 resistance level. The repeated failure to break above this barrier has intensified selling pressure across the market, pushing BTC into a fresh corrective phase. Technical indicators are now beginning to tilt bearish, suggesting that bullish momentum …
Earlier this week, Tether also invested in the sleep-technology startup Eight Sleep, at a $1.5 billion valuation.
The Bitcoin price might be standing at one of those uncomfortable moments markets love, where bullish signals scream “rally,” but the chart quietly whispers, “careful.” A technical signal known as the Inter-exchange Flow Pulse (IFP) indicator has just flashed a golden cross for $BTC. Historically, that crossover has marked the beginning of major rallies. According …
Bitcoin is at $68,807, down 5.19% today. Ethereum is at $2,005, barely clinging to the $2,000 level that traders treat as psychological bedrock, down 5.46%. Solana has dropped 6.47%, one of the worst performances among major coins today. XRP is down 4.50%. The total crypto market is sitting at $2.36 trillion, down 3.58% since yesterday. …
A war scare, $228 million yanked from crypto funds, and a price ceiling Bitcoin couldn’t break — here’s what’s happening. Crypto markets are deep in the red today. Bitcoin has dropped to $69,729, Ethereum sits at $2,042, and XRP is down to $1.38. The total market has shed over $80 billion in 24 hours. Three …
Bitcoin’s latest rally has injected fresh optimism into the market, but the analyst believes the move may be setting the stage for a critical turning point rather than the start of a sustained uptrend. After weeks of volatility and uneven momentum, BTC has climbed toward key resistance levels, prompting debate over whether the current surge reflects strength or a temporary rebound within a broader market structure. Is Bitcoin Repeating A Classic Market Structure Pattern? The reason Bitcoin is simply rallying at the current range is to set what is likely the macro lower high. Crypto analyst Ardi pointed out on X that this area was the longest consolidation range of the entire 2021-2025 bull run, which lasted roughly 259 days between March and November 2024. During that extended sideways phase, more value was transacted, more positions were built, and more liquidity was exchanged in that range than at any other level on the chart over the four-year cycle. Related Reading: Bitcoin Supply Shift: 212,000 BTC Moves Into Long-Term Holder Hands, Price Nearing A Bounce? When the price pulls back into a zone with that kind of history where months of market participants have occurred, reactions are rarely insignificant. The liquidity created during nearly nine months of accumulation does not simply disappear once the market moves higher. Instead, all the liquidity is sitting in that area. From a structural perspective, Ardi argues that this region was always the most logical destination for a macro pullback, followed by a short-term rally. This zone is where the market built its foundation for BTC to surge toward the $126,000 region, marking it a key technical level that the market would not easily break through on its first attempt. How Consolidation Could Prepare The Next Expansion The market may be misreading the current setup of Bitcoin, and many traders expect price action to follow a pattern similar to the 2022 downturn. Analyst Bobby A has highlighted that the true “pain trade” could unfold in the opposite direction. Instead of dropping lower, BTC could stage a strong leg upward and quickly push the price back toward the low six-figure region. Such a move would leave a large portion of the market sidelined and waiting for lower prices that will never arrive. Related Reading: Bitcoin Consolidates Near Key Support Band — $77,000 Holds The Key To The Next Move Bobby A suggested that from the surge, BTC could transition into a multi-month consolidation phase, ranging between $80,000 and $100,000. This kind of sideways structure would allow momentum to reset while sentiment remains divided. However, by the time the consolidation range matures, many traders might once again position themselves for a major breakdown below the January lows, which may ultimately never materialize. Regardless of how the path unfolds, there is a strong possibility that BTC’s next upward move may have already begun. Featured image from Pixabay, chart from Tradingview.com
Wall Street is pouring billions into public Bitcoin mining companies, but the investment thesis has little to do with the emerging industry's future. Instead, the financial institutions are treating these crypto firms as critical power-and-permitting infrastructure, a scarce asset in an artificial intelligence boom that is increasingly constrained not by a lack of advanced semiconductors, […]
The post Bitcoin mining costs has surged past $70,000, and Wall Street is funding miners’ AI escape hatch appeared first on CryptoSlate.
Bitcoin nearly touched $74,000 on Thursday. Today, it is down 3.29% and trading around $70,355 at the time of writing. The run to $74,000 wiped out $471 million in crypto derivatives in under 24 hours, $348 million of it from short positions caught badly offside. It was the largest daily short liquidation since late February, …
Bitcoin price is flashing a rare combination of growing adoption and tightening supply, a setup that historically precedes strong price expansions. The bulls are attempting to lift the price above the bearish influence, while the on-chain data has also turned bullish. The BTC wallet holders are rising while the exchange supply is plunging. This divergence …
Bitcoin faces 2% reversal from the 50-day EMA on Thursday, Slips below $71000. The surge in altcoins OKB, Human Protocol, and Kite continues to raise concerns. Wll the pressure hold for Ethereum, XRP, and these altcoins as the US -Iran War extends? Top Cryptocurrencies Bitcoin, Ethereum, and XRP showed cautious trading, with a roughly 2% …
Vancouver city staff concluded that bitcoin is not an allowable asset for municipal investment under local law.
Data shows the Bitcoin spot exchange-traded funds (ETFs) have seen their 14-day netflow trend climb into the positive territory, ending a period of sustained outflows. Bitcoin Spot ETF Netflow Has Been Rising Recently As highlighted by on-chain analytics firm Glassnode in a new post on X, the Bitcoin spot ETFs have seen their 14-day netflow trend climb higher recently. “Spot ETFs” refer to investment vehicles that allow investors to gain indirect exposure to an underlying asset’s price movements. Related Reading: Bitcoin Surge To $74,000 Fueled By US Institutions, Coinbase Premium Signals In the United States, the Securities and Exchange Commission (SEC) approved spot ETFs for Bitcoin back in January 2024. Thus, these funds have now been active for more than two years. Since spot ETFs trade on traditional markets, they provide for an off-chain route into BTC. Whenever a trader invests into them, the fund buys the on-chain tokens and custodies them on their behalf. This convenience of the vehicles has made them a popular mode of investment among the more traditional investors, like institutional entities. Now, here is the chart shared by Glassnode that shows the 14-day netflow trend for the Bitcoin spot ETFs over their history so far: As displayed in the above graph, the 14-day Bitcoin spot ETF netflow trend has witnessed a sharp rise into the positive territory recently. Note that Glassnode defines “netflow” as the 30-day change in the combined holdings of the US-based funds. Earlier, the netflow trend had dropped into the negative territory, implying outflows were dominating the market. Not only that, the negative netflows had been persistent, so there was consistent selling pressure coming from ETF users. With the recent surge in the metric, however, the trend appears to have flipped. From the chart, it’s visible that the indicator has witnessed a continuation to the growth as the Bitcoin price has rallied above the $70,000 level. “Institutional demand remains tentative, but early re-accumulation signs are emerging,” noted Glassnode. It now remains to be seen whether spot ETFs will follow this trajectory in the near future or if another cooldown will happen. Related Reading: Bitcoin Historically Bottoms Between These MVRV Levels—Where Are They Now? In some other news, the Binance Bitcoin Net Taker Volume has shot up recently, as CryptoQuant community analyst Maartunn has pointed out in an X post. The Net Taker Volume is an indicator that keeps track of the difference between the taker buy and taker sell volumes on a given exchange (which, in the current case, is Binance). As is visible in the above graph, the 7-hour moving average (MA) of the Binance Bitcoin Net Taker Volume has seen a notable positive spike close to $100 million, suggesting taker buy volume has outpaced the taker sell one. “The current pump is mirroring the moves from Nov 7 and Nov 25,” said Maartunn. BTC Price At the time of writing, Bitcoin is trading around $71,000, up more than 5% in the last seven days. Featured image from Dall-E, chart from TradingView.com
XRP has climbed back above the $1.40 mark this week, a level that previously acted as resistance, but analysts warn that the rally does not eliminate the risk of a deeper pullback. The cryptocurrency’s most critical support zone at $1.30 remains under pressure, and broader market forces—particularly Bitcoin’s (BTC) price action—could determine what happens next. XRP Locked Between $1.30 Support And $1.50 Resistance In a recent report, analyst Sam Daodu described $1.30 as the most heavily tested support level for XRP so far in 2026. Since February, the token has repeatedly slipped into the low $1.30 range, only to find buyers stepping in before a decisive breakdown could occur. Related Reading: Bitcoin Tops $73,000, Expert Explains Why The Rally Isn’t Over Yet According to Daodu, a key reason XRP has continued to defend this area is that it is slightly lower, around $1.27. On-chain cost basis data indicates that roughly 443 million XRP were accumulated at that price level. As the market approaches this entry point, many of these holders have added to their positions, creating buying pressure that has consistently pushed the price back above $1.30. For now, Daodu sees XRP trading within a clearly defined range, with $1.30 acting as the floor and $1.50 serving as resistance. The analyst said a meaningful shift in trend would require a breakout beyond one of those levels, and the direction of that move will likely depend on external catalysts. Bitcoin And Middle East Tensions As Key Threats Bitcoin stands out as the most significant variable. XRP and BTC are currently moving in close alignment, with a reported correlation of 0.84. Historically, XRP has tended to magnify Bitcoin’s price swings by roughly 1.8 times. In practical terms, that means a 10% decline in Bitcoin could translate into an 18% drop for XRP. Daodu cautions that if Bitcoin were to fall below $60,000 again, XRP would likely follow, regardless of the token’s individual fundamentals or technical structure. Geopolitical factors are also contributing to market fragility. Rising tensions in the Middle East have already sparked risk-off sentiment across the crypto market in early March. Should the situation worsen, Daodu said investors could reduce exposure to more speculative assets first, placing additional pressure on altcoins such as XRP. BTC As The Key To Break $1.50? On the upside, a sustained breakout above $1.50 would likely require more than just stability in Bitcoin. Historically, altcoins gain momentum when Bitcoin advances decisively, drawing fresh capital into the broader market. Daodu posits that XRP is no exception; a strong upward move in BTC could provide the tailwind needed for the altcoin to attempt surpass higher resistance levels. Related Reading: Crypto Treasury Inflows Slide To October 2024 Levels—What Happened? Between $1.58 and $1.60 lies a substantial supply zone. Approximately 2 billion XRP were purchased at those levels, leaving many holders underwater for months. As the price approaches that range, investors seeking to exit at breakeven could generate heavy selling pressure, the analyst reported. Clearing $1.50 would signal renewed strength, but absorbing supply closer to $1.60 may prove to be the more difficult challenge. At the time of writing, XRP was trading at $1.41, marking a 3% loss over the previous 24 hours. Featured image from OpenArt, chart from TradingView.com
For most of Solana’s short history, meme coin trading defined a large chunk of its activity. That appears to be changing. According to a research note from Grayscale Investments, February’s record volume – $650 billion in stablecoin transactions – was driven by a move toward SOL–stablecoin trading pairs and real payment activity — not speculative bets on short-lived tokens. Related Reading: US Should Act On Bitcoin, Not Just Praise It, Ex-Advisor To Trump Says The network processed more transactions tied to practical money movement than at any point in its existence. The massive figure covers stablecoin transactions recorded on Solana during February 2026. It marks the highest monthly total ever logged on any blockchain — and it arrived in just 28 days. Grayscale’s data shows the number more than doubled the previous peak, which was set only four months earlier in October 2025. Low Fees Drive Small Payment Growth Standard Chartered had previously flagged Solana’s fee structure as a key reason the network was drawing payment-focused users. Low transaction costs make small transfers practical in a way that higher-fee blockchains cannot easily match. Developers have taken notice, building financial tools designed to run entirely on the internet, including micropayment systems that would be unworkable at higher cost per transaction. Stablecoins Power Blockchains Stablecoins — digital tokens pegged to currencies like the US dollar — have become one of the main engines of blockchain activity broadly. On Solana, they are increasingly being used to move money rather than to trade in and out of volatile assets. That distinction matters. Volume built on payments tends to be stickier than volume built on speculation, which can evaporate when market conditions shift. Solana now holds the fourth-largest stablecoin supply of any blockchain. Its ranking in USDC circulation is even more striking: second place, trailing only Ethereum. USDC is widely regarded as the stablecoin most favored by institutional users, which makes Solana’s position in that particular ranking significant. Ethereum Holds Its Ground On High-Value Assets The February data does not suggest Solana has overtaken Ethereum overall. According to figures from rwa.xyz, Ethereum carried $15.57 billion in tokenized real-world assets over the past 30 days. Solana’s comparable figure was $2 billion. Tokenized assets — which can include bonds, real estate, and other financial instruments brought onto a blockchain — represent the higher-value end of on-chain finance, and Ethereum remains the dominant platform for that segment. Related Reading: Iran’s Crypto Market Shaken As Outflows Skyrocket 700% What Solana appears to be winning is the retail and payments layer: fast, cheap, high-frequency transfers that add up quickly in volume even if individual transactions are small. Whether that translates into broader institutional adoption remains an open question, but February’s numbers give the network a data point it did not have before. Featured image from SOPA/Getty Images, chart from TradingView
Bitcoin is regaining strength after pushing back above the $70,000 level, a move that has helped restore a degree of bullish sentiment following weeks of heightened volatility. The recovery comes after a turbulent period for global markets, during which geopolitical developments and macro uncertainty triggered sharp swings in price action across risk assets. Related Reading: Manufacturing The Bitcoin Reserve: Inside The Trump Family’s 11,000-Miner Expansion At American Bitcoin According to a recent report from CryptoQuant by XWIN Research Japan, Bitcoin experienced notable volatility between late January and early March 2026. During this period, the asset briefly fell into the mid-$60,000 range before staging a sharp rebound in early March that lifted prices back toward the $73,000 area. The report notes that the initial decline was largely triggered by geopolitical developments. On February 28, reports of a US–Israel military strike on Iran escalated tensions across the Middle East, injecting significant uncertainty into global markets. As risk sentiment deteriorated, Bitcoin quickly dropped to roughly $63,000 on February 29. However, the sell-off proved short-lived. Market conditions stabilized within days, and by March 2 Bitcoin had already recovered to around the $70,000 level. Momentum accelerated shortly afterward, as renewed buying pressure between March 4 and March 5 pushed BTC above $73,000, signaling a potential shift in short-term sentiment as investors reassess the broader market environment. ETF Inflows And Short Covering Fuel Bitcoin’s Rebound The CryptoQuant report further explains that renewed inflows into US spot Bitcoin ETFs played a major role in driving the recent rebound. In early March, several hundred million dollars flowed into these investment vehicles, providing direct support to spot market demand. On March 4 alone, ETF inflows exceeded $200 million, highlighting a resurgence in institutional participation after a period of weaker activity. Derivatives markets also contributed significantly to the rally. Open Interest increased sharply while funding rates shifted into negative territory, indicating that many traders had positioned aggressively on the short side. As Bitcoin’s price began to rise, these crowded short positions were forced to unwind, triggering waves of short liquidations that amplified upward momentum through short covering. On-chain indicators present a more nuanced picture. The report notes that some bearish signals remain, including the 90-day Realized Profit/Loss Ratio staying below 1.0 and a growing share of coins currently held at unrealized losses. At the same time, constructive developments are emerging beneath the surface. One example is the Coinbase Premium Index, which recently returned to positive territory after an extended period of negative readings. This shift suggests that demand from US-based investors is beginning to recover. The move toward $73,000 appears to be driven primarily by a combination of ETF inflows and short-covering in derivatives. Related Reading: The $11,000 Deficit: Why the Record $8.9B Bitcoin ETF Drawdown Is Paralyzing Wall Street’s BTC Appetite Bitcoin Breaks Above Key Resistance As Momentum Strengthens The chart shows Bitcoin trading near $73,100 after a strong upward move that pushed the price decisively above the $70,000 level. This breakout follows several weeks of consolidation between roughly $64,000 and $69,000, where the market repeatedly tested both support and resistance without establishing a clear direction. From a technical perspective, the recent rally allowed Bitcoin to reclaim its short-term moving averages, including the 50-period and 100-period lines, which had previously acted as resistance during the consolidation phase. The ability to break above these levels suggests a shift in short-term momentum as buyers regain control of the market. Related Reading: Surpassing FTX-Era Lows: 38% Of Altcoins Hit Record Lows As Liquidity Abandons The Crypto Fringe Price is now approaching the 200-period moving average, which sits slightly above the current level and represents a key technical barrier near the $74,000 region. This level could act as the next resistance zone, as longer-term participants often use it as a reference for trend confirmation. Volume has also increased during the breakout, indicating stronger participation as the market moves higher. The sharp upward candles reflect aggressive buying pressure, which aligns with the short-covering dynamics observed in derivatives markets. If Bitcoin manages to consolidate above $70,000, the breakout could establish this level as a new support zone. However, failure to maintain this structure could lead to another retest of the $68,000–$69,000 region before the market attempts a new directional move. Featured image from ChatGPT, chart from TradingView.com
Bitcoin price started a steady increase above $70,500 and $72,500. BTC is now consolidating and might aim for a fresh increase above $72,500. Bitcoin started a fresh increase after it settled above the $70,000 zone. The price is trading above $70,000 and the 100 hourly simple moving average. There is a bullish trend line forming with support at $69,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip again if it trades below the $70,000 and $69,000 levels. Bitcoin Price Starts Downside Correction Bitcoin price extended its increase above the $68,500 zone. BTC gained pace for a move above the $70,000 resistance zone. The price even rallied above the $72,000 resistance. Finally, the bears appeared near $74,000. A high was formed at $74,062, and the price recently started a downside correction. There was a move below $72,000 and the 23.6% Fib retracement level of the upward move from the $66,164 swing low to the $74,062 high. Bitcoin is now trading above $70,000 and the 100 hourly simple moving average. There is also a bullish trend line forming with support at $69,000 on the hourly chart of the BTC/USD pair. If the price remains stable above $70,000, it could attempt a fresh increase. Immediate resistance is near the $72,000 level. The first key resistance is near the $72,500 level. A close above the $72,500 resistance might send the price further higher. In the stated case, the price could rise and test the $73,200 resistance. Any more gains might send the price toward the $74,000 level. The next barrier for the bulls could be $75,000 and $75,500. Downside Correction In BTC? If Bitcoin fails to rise above the $72,000 resistance zone, it could start another decline. Immediate support is near the $70,000 level or the 50% Fib retracement level of the upward move from the $66,164 swing low to the $74,062 high. The first major support is near the $69,000 level. The next support is now near the $68,500 zone. Any more losses might send the price toward the $68,000 support in the near term. The main support now sits at $66,200, 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 below the 50 level. Major Support Levels – $70,000, followed by $69,000. Major Resistance Levels – $72,000 and $72,500.
Renowned macro analyst Alex Krüger is pushing back on a comparison that has taken hold across desks since strikes involving Iran began: that markets are replaying the 2022 Russia-Ukraine shock, with crypto and Bitcoin in particular tracing an uncomfortably familiar pattern. Yes, the setups rhyme, Krüger wrote in a March 4 Substack note. But he argues the analogy breaks where it matters for Bitcoin: monetary policy and the persistence of the energy shock. “Markets are panicking. Everyone sees 2022 again. The chart setups look almost identical and the energy shock is real,” he wrote. “But the comparison falls apart under scrutiny. The macro is different, and the oil disruption is transitory.” What Is Crucial For Bitcoin Now Krüger’s starting point is historical rather than crypto-specific: wars and kinetic conflicts have often created “buying opportunities,” even when the initial impulse is risk-off. The reason 2022 became so toxic for risk, he says, wasn’t the invasion itself, it was what came after. In 2022, Bitcoin and overall risk assets bottomed on the day Russia invaded Ukraine (Feb. 24), then bounced hard, then rolled over by late March as markets resumed sliding. The war was the catalyst, not the engine. The engine was a Federal Reserve forced into an aggressive hiking cycle with inflation already running hot, and an oil spike that worsened the inflation problem. Krüger’s core claim is that 2026 does not have the same policy backdrop. In 2022, the Fed was “behind the curve” with year-over-year inflation at 7.9% and the real Fed Funds rate around -7.5% when war broke out. Today, he says the Fed is in “wait-and-see mode,” with inflation trending lower and real rates around +1.2%. Related Reading: Manufacturing The Bitcoin Reserve: Inside The Trump Family’s 11,000-Miner Expansion At American Bitcoin He frames the policy asymmetry in blunt terms: “Even if the oil spike pushes headline inflation temporarily higher, the Fed has room to look through it. At +1.2% real rates, they don’t need to tighten into a supply shock. In 2022 they had no choice — at -7.5% they were catastrophically behind. That’s the difference that matters for risk assets.” Krüger points to recent Fed communication as consistent with that stance. John Williams said oil would affect the “near-term inflation outlook” but that persistence mattered: “code for: we’re not moving unless this lasts,” Krüger wrote, while noting the US is less oil-dependent than past decades. Treasury Secretary Scott Bessent also argued the US is “in a very different position than when Russia invaded Ukraine.” Since the strikes began, Krüger noted, four Fed officials have spoken publicly without changing their outlook; Williams described the market reaction as “muted,” Neel Kashkari said it’s “too soon to know” and still sees one to two cuts this year if inflation cools, and hawk Beth Hammack called policy “neutral” while urging an extended pause. The second pillar of Krüger’s argument is that the oil disruption in 2026 is more likely to be temporary than the structural break of 2022. Then, Europe lost access to roughly 4.5 million barrels per day of Russian crude and refined products and sanctions made that disruption effectively permanent; Brent surged near $130 on March 8 and didn’t sustainably break below $90 until late August. Related Reading: Bitcoin To $11 Million By 2036? This AI-Deflation Thesis Is Turning Heads This time, he argues, Iran’s own barrels are not the key variable. Iran produced roughly 3.3 million bpd and exported about 1.9 million bpd before the strikes, mostly to China through shadow channels at an $11–$12 discount to Brent, with most of its tanker fleet already sanctioned, meaning “additional sanctions on Iran post-war would change nothing.” The market’s focus, instead, is the Strait of Hormuz, where roughly 14 million bpd transits — about 20% of global petroleum liquids consumption and where traffic has “dropped almost to a standstill.” Krüger says the futures curve is doing the real talking. In 2022, the front month repriced about +50% and the tenth contract +29%, signaling a long repair job. In 2026, he estimates the front month is up +32% but the tenth contract only +12%, “despite a shock affecting 4.4x more barrels,” implying traders see an expiration date to the disruption rather than a rewiring of supply chains. Tail Risk Is The Curve’s “Tell” Krüger is explicit about what could turn a “transitory” shock into a 2022-style regime shift: direct, repeated hits that take refining capacity or LNG offline for months. Iran has already struck Ras Tanura, Fujairah, and Qatari LNG facilities, he wrote, mostly with debris from intercepted drones but he sees an escalation pattern toward energy infrastructure, with “tens of thousands of drones in reserve.” “If direct hits start landing on refining capacity — SAMREF, Jebel Ali, Jubail — that is lost production that does not come back with a ceasefire. Refineries take months to repair,” he wrote. “And the risk is no longer limited to oil. This is becoming a products and gas crisis, not just a crude problem.” Krüger added that QatarEnergy has shut down LNG output at Ras Laffan and Mesaieed, removing roughly a fifth of global LNG export capacity. For Bitcoin, the takeaway is less about pattern-matching the chart and more about watching whether the macro “off-switch” remains credible. Krüger’s rule of thumb is simple: if the back end of the curve starts repricing, for example, if that tenth contract moves from roughly +12% toward +25%, the market is signaling the shock is turning structural. “But as of today,” he wrote, “the curve hasn’t blinked. Don’t confuse a transitory geopolitical shock (2026) with a major liquidity crisis (2022).” At press time, Bitcoin traded at $ Featured image created with DALL.E, chart from TradingView.com
A retired US Army combat medic has predicted that XRP will overtake Bitcoin as the world’s most valuable cryptocurrency — a claim that would require XRP’s price to climb from $1.41 to nearly $24. Related Reading: Iran’s Crypto Market Shaken As Outflows Skyrocket 700% A Long Road To The Top Patrick L. Riley, who now operates as a market commentator on social media, posted the forecast on X without offering supporting data or a specific timeline. It was not his first time making the claim. Last month, Riley said XRP would become the top-ranked crypto within six years, regardless of whether Bitcoin breaks the $150,000 price level this year. He added that if Bitcoin fails to reach that threshold and reclaim its 12-year trend line, it could collapse to as low as $1,000. Based on current market data, XRP sits fourth by total market value at close to $87 billion. Bitcoin leads at $1.45 trillion. Ethereum ranks second at $254 billion. BNB holds third place at $89.3 billion, just ahead of XRP. I’m going to make two very not bold predictions. 1: This will not be a 4-5 week long war. 2: XRP will pass Bitcoin. — Patrick L Riley (@Acquired_Savant) March 4, 2026 Before XRP could even challenge Bitcoin, it would first need to pass BNB — a gap of roughly 3.5% — and then Ethereum, which would require a price increase of about 190%, pushing XRP past $4.15. Surpassing Bitcoin would demand a further surge to $23.70. XRP last overtook Ethereum in December 2019. Since then, the token has bounced between third and fourth place, often trading blows with BNB for position. Other Voices, Similar Claims Riley is not alone in making this kind of forecast. In August 2025, a finance commentator known as Coach JV said XRP would claim the top spot by 2030, with Bitcoin falling to second. In March 2025, Jacob King, CEO of SwanDesk, made a similar argument after the US government confirmed it had added XRP to its national crypto stockpile. King said the US had effectively sidelined Bitcoin by choosing XRP for its strategic reserve, and that XRP’s market cap would surpass Bitcoin’s with certainty. No timeline was given. Riley Also Weighs In On The Israel-Iran War Beyond crypto, Riley’s post touched on the military conflict between Israel and Iran that broke out on February 28. The US and Israel launched coordinated strikes against Iranian leadership, nuclear infrastructure, and proxy forces. Related Reading: US Should Act On Bitcoin, Not Just Praise It, Ex-Advisor To Trump Says Reports indicate Supreme Leader Ayatollah Ali Khamenei was killed on the first day of the campaign, along with other senior officials. Iran responded with more than 200 missiles and drones targeting Israeli territory and US military positions in the Gulf region. At the outset, US President Donald Trump said the operation might run for about four to five weeks, with the possibility it could stretch longer. Riley later rejected that estimate in a post, though he did not explain what led him to think the conflict would wrap up sooner. Featured image from Vecteezy, chart from TradingView
Bitcoin is consolidating near a crucial support band, with $77,000 emerging as the key level to watch. A breakout above it could signal bullish momentum and a trend reversal, while failure to hold may keep Bitcoin in a corrective phase or push it lower. Bitcoin Re-Approaches Critical High-Timeframe Support After 0.786 Fibonacci Deviation Crypto analyst Luca highlighted that Bitcoin recently dipped below the high-timeframe support range marked in purple, briefly deviating toward the 0.786 Fibonacci point of interest around $65,900. Following that move, the price is now approaching the previously lost high-timeframe support zone, which coincides with the early April 2025 bottoming structure. This region also overlaps with the 3-day Bull Market Support Band, an area that has served as a strong reversal point several times over the past few months. Related Reading: Bitcoin Coiling At Key Support — Major Move Brewing Luca explained that this confluence of technical levels is the reason he has not yet reduced his hedge positions. Instead, he prefers to remain cautious until the market provides clearer confirmation of strength. According to Luca, such confirmation would likely come from Bitcoin reclaiming the lost support range or breaking above the Bull Market Support Band. Until that happens, the analyst warns that the current approach to this zone could still result in a rejection, meaning the move might represent a temporary bounce rather than a confirmed recovery. Luca also emphasized that traders should focus more on protecting capital rather than chasing profits at this stage. Only once clear strength appears, and the probability shifts toward a sustained upside continuation, would it make sense to adopt a more aggressive bullish stance. $77,000 Emerges As The Critical Confirmation Level For BTC According to Luca, the key confirmation level he is watching right now sits around $77,000. A decisive breakout above that level would signal stronger market momentum. Thus, Luca plans to gradually scale out of his hedge positions and rotate that capital back into his spot holdings, anticipating a more sustainable move to the upside. Related Reading: Bitcoin Price Slumps 5%, Bearish Momentum Returns With Force Luca also noted that attempting to squeeze out an extra 10–15% gain at current levels may not be the best risk decision. Instead of aggressively chasing short-term profits, he prefers to wait for a clear confirmation that the market structure is shifting in favor of the bulls. He added that the potential upside could be significantly larger if Bitcoin successfully reclaims the $77,000 level. However, exiting hedge positions too early could expose traders to the risk of a bullish fakeout, where the price briefly moves higher before resuming its downward trend. Because of that possibility, Luca maintains a cautious stance until stronger confirmation appears. Featured image from Pixabay, chart from Tradingview.com
"Bitcoin is still inside a bear market, despite the recent price rally," Julio Moreno, head of research at CryptoQuant, said.
Bitcoin (BTC) has just flashed a ‘Death Cross,’ a technical signal that has historically preceded major market bottoms. Market analyst CrypFlow, who identified the chart pattern, notes that the current setup is unfolding almost identically to the 2022 bear market cycle. In his analysis, he outlines a potential price target for a Bitcoin bottom and shares what history suggests could come next if the death cross follows the same trajectory as in previous cycles. Bitcoin Death Cross Signals More Downside CrypFlow shared his foreboding analysis on X, confirming a Death Cross on the three-day BTC chart that had previously signaled bear-market bottoms. The formation comes as Bitcoin faces significant selling pressure and market volatility, with investor sentiment down the drain and geopolitical tensions fueling more fear and panic, pushing holders to exit the market. Related Reading: Expert Trader Says Bitcoin Surge To $220,000 Is Coming, But This Will Happen First CrypFlow has stated that the current Death Cross formed against a backdrop of Bitcoin trading around $66,200 at the time of the analysis, with the figure well below the 50 Simple Moving Average (SMA) at $89,799 and the 200 SMA at $91,226. The massive gap between the price and both moving averages underscores how aggressively the market has deteriorated since Bitcoin’s cycle top above $126,000 in October 2025. The analyst draws a direct comparison between the current Death Cross and the 2022 bear market cycle, in which an identical Death Cross pattern preceded Bitcoin’s most devastating price crash to a final bottom. In that cycle, CrypFlow noted that the Death Cross formation came after reaching a peak above $66,000. Once Bitcoin reached this ATH level, it began trending downwards, forming a Death Cross, which eventually led to a final capitulation low one month later. Interestingly, the cryptocurrency experienced a Double Bottom after crashing again in 2023, with this final decline serving as the foundation for the next bull run. Analyst Shares BTC Bottom Target And Timeline The Death Cross pattern is widely recognized as a bearish warning sign, indicating more pain ahead for Bitcoin. Following the 2022 cycle, when the market bottomed roughly one month after the cross was confirmed, CrypFlow has identified March 29, 2026, as a critical window to watch for Bitcoin’s potential price floor this cycle. He suggests a possible target near $50,000, framing the projected one-month timeframe as a historically informed inflection point rather than a guaranteed outcome. Related Reading: Analyst Says It’s Time For Bitcoin, But What’s Important About $58,000? CrypFlow has outlined three distinct conditions it intends to monitor as that window approaches. The first is continued price weakness into late March, which could serve as a behavioral confirmation that the current cycle is mirroring past patterns. The second condition the analyst is watching for is evidence of seller exhaustion near the March 29 window. His third and perhaps most important condition is the reclaiming of key moving averages following any potential bottom. CrypFlow stressed that this reclaim should be viewed as confirmation of a completed bottom. Featured image from Getty Images, chart from Tradingview.com
On Thursday, Bitcoin mining company Core Scientific Inc. (Nasdaq: CORZ) announced that it had secured up to $1 billion from Morgan Stanley (NYSE: MS) to accelerate the shift of its Bitcoin mining facilities (all 10 sites) into AI data centers. Per terms of the agreement, Core Scientific will receive an initial $500 million, 364-day loan. …