Bitcoin is struggling to reclaim $70,000. The price chart looks uninspiring. And according to the data, surface reading is missing the most important thing happening in this market right now. Related Reading: Ethereum Is Flashing a Warning Signal Most Holders Are Ignoring – Here Is What It Says An XWIN Research Japan report has identified a structural divergence that the price alone cannot show. On the surface, the signals are bearish: the Exchange Whale Ratio confirms increased large-holder activity on exchanges, meaning the biggest participants are not accumulating — they are distributing. The market is struggling to break higher because the overhead selling pressure is real, consistent, and measurable. But beneath that surface, a different structure is forming. In the first quarter of 2026, public companies accumulated approximately 62,000 BTC — a figure documented in SEC filings, not estimated from on-chain inference. These are not traders reacting to price. They are corporations making balance sheet decisions, raising capital through debt and equity issuance, and converting it into Bitcoin regardless of short-term momentum. MicroStrategy alone represents a persistent, structurally driven demand flow that does not pause because the chart looks weak. Two markets are operating simultaneously at the same price. One is selling. The other is buying with borrowed capital and a multi-year time horizon. The report’s task — and this article’s — is to determine which one is building the future. The Buyers and the Sellers Are Not Playing the Same Game The report draws a distinction that changes how the current market should be read. Traditional long-term holders accumulate when conviction is high and reduce exposure when it falters. Corporate buyers operate differently. By issuing debt and equity to fund Bitcoin purchases, companies like MicroStrategy have created a demand flow that is structurally decoupled from short-term price signals. When the chart looks weak, they do not stop buying. They raise more capital and continue. That persistence is not sentiment — it is strategy, and it does not respond to the same triggers that move retail or even institutional traders. The ETF picture complicates the narrative further. BlackRock has continued to see inflows, but Grayscale outflows have offset them — producing rotation rather than net new capital entering the market. Total ETF holdings finished Q1 2026 flat to slightly down. The products exist. The conviction behind them, as a category, has not yet arrived. The report’s verdict on the current market structure is precise and should be stated plainly: whales are selling, corporations are accumulating, ETFs are treading water, and retail is net negative. These four participants are pulling in four different directions simultaneously. Bitcoin at $70,000 is not weak. It is fragmented — held in place by opposing forces of roughly equal short-term weight. The question the report leaves open is which force is building faster. Corporate balance sheets accumulating at scale suggest the answer, but the price has not yet confirmed it. Related Reading: An XRP Key Indicator Just Flipped Bullish — and Most Traders Are Not Watching It Bitcoin Holds Range Below Key Moving Averages Bitcoin continues to consolidate just below the $70,000 level, with price action showing clear hesitation after the sharp breakdown in February. The chart reflects a market still attempting to stabilize following a strong impulsive move to the downside, which was accompanied by a significant spike in volume — a typical signature of forced selling or liquidation-driven pressure. Since that capitulation event, BTC has been trading in a relatively tight range between roughly $62,000 and $72,000. This range-bound behavior suggests a temporary equilibrium between buyers and sellers, but not a confirmed reversal. Importantly, price remains below the 50-day and 100-day moving averages, both trending downward, indicating that short-term momentum is still structurally bearish. Related Reading: Binance Inflows Suggest Money Is Starting to Move Back Into Crypto – Find Out What Changed The 200-day moving average, positioned near the $90,000 region, continues to act as a distant dynamic resistance, reinforcing the broader trend shift from expansion to correction. Each attempt to push higher has so far resulted in lower highs, signaling that demand lacks conviction at current levels. Volume has declined noticeably during this consolidation phase, which raises a critical question: is selling pressure truly exhausted, or is this simply a pause before another leg lower? Until Bitcoin reclaims key moving averages, the structure favors caution over confirmation. Featured image from ChatGPT, chart from TradingView.com
Bitcoin price started a recovery wave above $68,000. BTC is now struggling to surpass $68,800 and showing signs of a fresh decline. Bitcoin failed to settle above $68,800 and trimmed most gains. The price is trading below $67,200 and the 100 hourly simple moving average. There was a break below a rising channel with support at $67,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another decline if it stays below the $68,000 and $67,800 levels. Bitcoin Price Faces Rejection Bitcoin price formed a base above $66,500 and started a recovery wave. BTC was able to settle above $67,200 to move into a short-term positive zone. The price climbed above the $67,500 resistance zone. The bulls even cleared the 38.2% Fib retracement level of the downward move from the $71,985 swing high to the $65,030 low. However, the bears were active near the $69,200 resistance zone. The price failed to clear the 61.8% Fib retracement level of the downward move from the $71,985 swing high to the $65,030 low. There was a fresh bearish reaction and there was a break below a rising channel with support at $67,200 on the hourly chart of the BTC/USD pair. Bitcoin is now trading below $67,200 and the 100 hourly simple moving average. If the price remains stable above $66,000, it could attempt a fresh increase. Immediate resistance is near the $67,800 level. The first key resistance is near the $68,500 level. A close above the $68,500 resistance might send the price further higher. In the stated case, the price could rise and test the $69,250 resistance. Any more gains might send the price toward the $69,500 level. The next barrier for the bulls could be $70,000. More Losses In BTC? If Bitcoin fails to rise above the $68,000 resistance zone, it could start another decline. Immediate support is near the $66,000 level. The first major support is near the $65,750 level. The next support is now near the $65,500 zone. Any more losses might send the price toward the $65,000 support in the near term. The main support now sits at $64,200, below which BTC might struggle to recover in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $66,000, followed by $65,500. Major Resistance Levels – $67,800 and $68,500.
A cluster of roughly 650,000 Bitcoin sits at the $70,000–$72,000 price range — coins bought by investors who are now waiting to break even. That supply overhang is the wall Bitcoin must climb if its March recovery is going to mean anything. Related Reading: Ripple’s RLUSD Stablecoin Sits On $1.57 Billion In Reserves: Audit Firm A Streak That Hasn’t Been Seen Since 2018 Bitcoin closed March up 2%, snapping five consecutive months of losses. It was the longest such run of red monthly candles since 2018, and data from CoinGlass confirms the streak is over. The final close puts Bitcoin at roughly $68,250 as April opens, with traders watching closely to see whether the momentum holds or fades. The last time Bitcoin strung together six straight losing months was in 2018 going into early 2019. What followed was a sharp turnaround — Bitcoin went on to post gains exceeding 300% over the next five months. THIS IS A MASSIVE DOSE OF HOPIUM. Bitcoin just printed its first green monthly candle after 5 consecutive red months. Let’s hope this is not an April Fool’s joke. pic.twitter.com/dUAw1Yb4aX — Ash Crypto (@AshCrypto) April 1, 2026 Some analysts are pointing to that episode as a rough blueprint for what could come next. Analyst Ash Crypto called the March close “a massive dose of hopium” on X, pointing to the possible shift in momentum as a sign that a sustained recovery could be underway. Trader Satoshi Flipper noted on X that the last time Bitcoin fell for six months straight, it climbed for the following five. That kind of historical comparison draws attention, though it rests on a single prior example. Last time BTC dumped 6 months in a row, it pumped the following 5 months in a row that came after! What are our next 5 months going to look like after BTC just finished dumping 5 months in a row? pic.twitter.com/DviQHfNell — Satoshi Flipper (@SatoshiFlipper) April 1, 2026 The $70,000 Zone Is The Real Test The $70,000–$72,000 range isn’t just a round number. It’s where the 50-day simple moving average, the 50-day exponential moving average, and the cost basis of a large block of investors all converge. Data from Glassnode shows that approximately 650,000 BTC were acquired in that price range — meaning a significant number of holders are underwater and likely to sell once they recover their losses. Breaking through that zone could open the door to $76,000, and potentially $80,000 after that. Trader Sheldon Diedericks said on X that Bitcoin could push up toward $83,000 on the monthly chart — a level that acted as support back in April 2025 and sits close to the 200-day exponential moving average. If the rally stalls, the floor levels matter just as much. The 200-week exponential moving average sits around $68,300 — just below where Bitcoin is currently trading. Below that, $59,400 marks the 200-week simple moving average, and around $54,000 sits Bitcoin’s realized price, a level watched closely as a potential bear market floor. Related Reading: Bitcoin ETFs Pull In $56B As CEO Pitches Crypto Over Gold April Has A Mixed Track Record Here’s the complication: April doesn’t always follow March’s lead. Based on data going back to 2013, Bitcoin has closed April in the green eight out of 13 years, with average returns around 12%. But nine out of those same 13 years, April moved in the opposite direction from March. More recently, Bitcoin dropped in April after a green March close in three of the four years between 2021 and 2024. Featured image from Meta, chart from TradingView
As quantum computing continues to evolve, questions about its potential impact on Bitcoin are gaining renewed attention. At the center of the debate is whether the world’s largest cryptocurrency could one day be vulnerable to the immense processing power of quantum machines. While the technology is still in its early stages, the discussion around long-term security is becoming increasingly relevant. Amid the frenzy, crypto analyst Luke Martin has shared the only public comment Satoshi Nakamoto made about the quantum computing risk on Bitcoin. Martin revealed on X that in 2010, a user named llama raised concerns about what would happen if BTC cryptographic signatures were broken by quantum technology, and whether that could render BTC worthless. What Satoshi Nakamoto Actually Said About Quantum Risk Satoshi’s response acknowledged that a sudden breakthrough could pose a serious threat, and a gradual advancement in quantum computing would give the network time to adapt and transition to stronger cryptographic methods. He further explained that users could upgrade their software, and upon doing so, their holdings would be re-signed using a more secure algorithm. Related Reading: Bitcoin Bombshell: Google’s 2029 Quantum Warning Sparks New Fear The current narratives surrounding quantum computing as an imminent threat to Bitcoin are being overstated. An analyst known as pika2zero on X argued that the technology is still far from the level required to meaningfully challenge BTC’s cryptography, despite recent claims suggesting otherwise. Pika2zero pointed out that the current most advanced quantum systems operate at around 6,000 qubits and can only be maintained for 13 seconds. In his view, this is nowhere near the scale needed to break modern encryption, which requires 500,000 stable qubits in 9 minutes, especially as the technology is getting exponentially harder. Even minor disturbances are capable of collapsing the entire computation. However, he further questions the assumptions behind the Heisenberg Uncertainty Principle, suggesting that the real requirements for breaking modern cryptography could be millions of qubits, rather than the commonly cited estimates. Building and operating such a machine to attack BTC would require massive resources, potentially only accessible to major technology firms like Google, IBM, or other Bigtech, and would demand enormous energy and infrastructure. From pika2zero’s perspective, an individual hackster can not have a $10 billion supercomputer the size of a building and the energy demand of a small city in his basement to attack BTC. Will Bitcoin Adopt Stronger Quantum Defenses In Time? Senior analyst at CoinDesk and advisor at Coinsilium Group, James Van Straten, has also offered insight into BIP 360 as a short-term solution for quantum resistance. However, it will not address the full scope of the problem. Van Straten argues that using quantum computing to access Patoshi’s coins is estimated at around 1 million BTC and could be considered a fair game. Related Reading: Bitcoin Demand Heats Up: Coinbase Premium Green For 25 Straight Days At the same time, he points to alternative approaches such as Hourglass V2. James noted that the market had previously demonstrated its ability to absorb significant selling pressure and handle close to 1 million BTC over 30 days in December without systemic disruption. Featured image from Pixabay, chart from Tradingview.com
On-chain data shows the average Bitcoin exchange deposit has ballooned to a significant size, a potential sign that whales are making inflows. Average Bitcoin Exchange Inflow Hits 2.62 BTC As pointed out by CryptoQuant community analyst Maartunn in an X post, the mean Exchange Inflow has shot up for Bitcoin. The “Exchange Inflow” here refers to an indicator that keeps track of the BTC transactions that are heading toward centralized exchanges from self-custodial wallets. Related Reading: Dogecoin Network Comes Alive: Active Addresses Jump 28% In the context of the current topic, the version of the metric that’s of interest is the one tracking mean exchange deposits. That is, this indicator measures the size of the average transfer that’s being sent to exchange-related wallets. When the value of the metric is high, it means the average exchange inflow is significant in scale. Such a trend can be a sign that large entities are actively participating in exchange deposit activity. On the other hand, the indicator being low can suggest that smaller hands are the ones responsible for the current exchange inflows. Now, here is the chart shared by Maartunn that shows the trend in the 7-day exponential moving average (EMA) of the mean Bitcoin Exchange Inflow over the past year: As displayed in the above graph, the 7-day EMA of the mean Bitcoin Exchange Inflow has just observed a rapid surge, indicating that whales have potentially ramped up their deposit activity. Generally, one of the main reasons why investors transfer their coins to exchanges is for selling-related purposes, so this spike in the mean Exchange Inflow may be a sign that the big-money hands are preparing to exit from the cryptocurrency. The latest high level of the indicator isn’t ordinarily seen, serving as a rare signal for the network. “The average BTC transaction sent to exchanges climbed to 2.62 BTC, a level that typically only appears during high-stress market moves,” explained the analyst. From the chart, it’s visible that the last time the Exchange Inflow saw a similar surge was alongside the price crash at the start of February. It now remains to be seen whether the latest spike in the indicator will have any effect on the Bitcoin price. Related Reading: Recent Bitcoin Rally Saw Retail Shift To Selling, Glassnode Reveals In some other news, very old Bitcoin hands have shown activity recently, as Maartunn has highlighted in another X post. From the chart, it’s visible that multiple large transactions involving tokens older than ten years have been spotted on the blockchain over the past couple of days. In total, these transactions have broken dormancy for about 600 BTC, worth about $41.2 million right now. BTC Price Bitcoin has made some recovery from its lows as its price has climbed back to $68,500. Featured image from Dall-E, chart from TradingView.com
Crypto analyst Sykodelic has declared that the Bitcoin bleed is almost over and suggested that BTC is unlikely to drop to $40,000 as some experts predict. He alluded to the 2022 bottom to explain why the leading crypto is likely to find a bottom soon and begin a new bull cycle. Analyst Explains Why Bitcoin Will Soon Find A Bottom In an X post, Sykodelic said the Bitcoin bleed is almost over and that people expecting a drop to the $40,000 range will be sidelined. He further remarked that this is how people who were waiting for a drop to $12,000 were sidelined during the 2022 bottom. Commenting on the current BTC price action, the analyst noted that the leading crypto is trading in the largest pocket of supply it has seen in over five years, just below the higher-time-frame (HTF) bullish structure. Related Reading: Bitcoin Price At $59,000 Is The Line In The Sand, Here’s What You Should Know He stated that back in 2022, the Bitcoin price action was totally different. Back then, BTC had lost its HTF structure, and there was zero demand below. Instead, what was below was “clear air” with Bitcoin dropping below. However, the analyst said such price action is unlikely to occur this time around. Sykodelic said that the most he sees happening this time around is a deviation from the range low at around $60,000, then a reclaim, followed by a push back above $74,400, which would confirm an expanded flat. The analyst added that if a deviation move below $60,000 occurs, it is very likely due to the U.S.-Iran war, and that it could happen in the next two weeks. Lastly, he mentioned that there have been signs of large accumulation across the board, with much greater strength. As such, the analyst is confident that this downtrend will be over much faster than most people expect. Why BTC Could Drop To As Low As $46,000 In an X post, popular crypto analyst Willy Woo stated that old-school on-chain models suggest that Bitcoin will form a bottom between $46,000 and $54,000. He further remarked that the Orange line on the accompanying chart corresponds to the capital stored in BTC, and it has been leaving since November. The analyst also pointed out that the CVDD Floor Model has the advantage of climbing over time and is currently at $45,500. Related Reading: The Last Time Bitcoin Sentiment Was This Bad Was 2022, But There Was A Silver Lining However, Willy Woo cautioned that these models rely on past behavior and that there have been only four prior bear markets, all within a secular bull market in risk equities. As such, he noted that if the foundation collapses, Bitcoin and the broader crypto market will enter uncharted territory, which could lead to a deeper bear market. At the time of writing, the Bitcoin price is trading at around $68,600, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
A market expert has outlined five distinct phases in the Bitcoin (BTC) bear market that could indicate when the leading cryptocurrency has hit a bottom. The analysis concludes that the cryptocurrency could still face additional downward pressure before ultimately reaching its final price floor this year. The Early Phases Of Bitcoin’s Price Bottom Ardi, a technical analyst on X, has used the market structure and price movements during the 2022 bear market to predict when Bitcoin could reach a price floor in this current bear cycle. In his analysis, he shared the five phases that could indicate that a bottoming process is already underway. According to the analyst, these five distinct stages have repeated across multiple assets, eras, and cycles, meaning they are not just limited to Bitcoin and could be used to determine the bottom timeline of other cryptocurrencies. He noted that Phase A is marked by an abrupt halt in the previous trend that has been pushing the Bitcoin price downward. He stated that a violent event usually takes place here, breaking the old momentum and forcing the market out of a clean downtrend. Related Reading: What Happens To The XRP Price If The 5D Bottoming Blueprint Repeats Itself? In Phase B, Ardi emphasized that this is where Bitcoin’s trading range will likely begin building. The analyst noted that the market is currently in this stage, suggesting that Bitcoin could still be months away from hitting a bottom. He explained that this stage is typically the longest of the five, often causing investors and traders to lose interest as prices consolidate and move sideways without a clear direction for weeks or months. After this comes Phase C, which the analyst described as a critical “test.” During this period, BTC is expected to make one final move in the direction of its previous downtrend, shaking out the weak hands and trapping bulls. Based on the analyst’s chart, Phase C will likely mark Bitcoin’s final market bottom. However, Ardi expects this move to trigger breakout traders into taking wrong positions, allowing the market to determine whether any significant pressure remains. The Final Stages Of The Bottoming Process Moving forward, Ardi noted that Phase D likely marks the end of the Bitcoin bear market, with a new trend gradually taking shape ahead of a bullish breakout. During this period, Bitcoin’s market structure could begin to strengthen, even as overall sentiment remains cautious, and participants may still feel uncertain about the safety of entering long positions. Related Reading: What Every XRP Holder Must Understand As Activity Wanes For the final phase of this bottoming process, Ardi expects Bitcoin to break out of its range-bound movement, making the emerging bullish trend more visible to the broader market. He noted that most traders trust this stage because it is the first point at which the market’s direction appears clear. However, he warned that this can be a trap. Traders often buy only when conditions feel safe and sell when the trend seems obvious, but by then, they may have already lost their advantage and missed the opportunity to accumulate at lower prices. Featured image created with Dall.E, chart from Tradingview.com
A drop to $54,000 could mark one of the strongest buying opportunities in Bitcoin’s current cycle, according to on-chain data analysts — but the price still sits roughly 20% above that level, and some market watchers say the bottom may not yet be in. Related Reading: More Than 40% Of Altcoins Are Hitting Rock Bottom — And Experts Say It’s Worse Than The Last Crash Realized Price Draws Attention From Long-Term Investors The metric at the center of the conversation is Bitcoin’s Realized Price, currently near $54,000. Unlike the daily spot price, this figure reflects the average cost at which every coin on the network last changed hands. When Bitcoin trades below that level, data shows the market has often been in the grip of fear-driven selling — and historically, those moments have attracted long-term buyers looking to accumulate at a discount. CryptoQuant analyst Tugce highlighted the metric in a recent breakdown, pointing to past cycles where Bitcoin crossed below its Realized Price and later staged significant recoveries. Bitcoin’s Best Buy Zone? History Says This Is It! “Below 54,000 dollars, Bitcoin is cheap compared to the market average, and it is a perfect place to make gradual accumulation and collect Bitcoin.” – By @cryptometugce pic.twitter.com/S9j9Eh7LqX — CryptoQuant.com (@cryptoquant_com) March 31, 2026 She cautioned, though, that investors should not expect a quick turnaround. Recovery timelines have ranged from as few as seven days to more than 300 days in past cycles, and prices can continue falling even after crossing below that threshold. Bitcoin is currently trading at around $67,250 and has lost around 20% so far this year. This decline has been going on for the last five months, starting in October 2025. So far, the total decline from the peak is around 40%. Whale Activity And Institutional Demand Raise Caution Flags Not everyone is looking at the Realized Price with the same level of optimism. According to CryptoQuant’s statistics, whales are moving a lot of Bitcoin into the popular exchange platform Binance. This could possibly be a precursor to a sell-off. The Whale Ratio on the Binance exchange rose from 0.39 on March 25 to 0.66 on March 29 before paring some of the gains. On March 29 alone, the exchange received a net of 2,003 Bitcoins valued at around $134 million. Additionally, the Coinbase Premium Index has once again gone into the red, which could indicate a decrease in institutional interest in the asset class. Global pressures on the markets are also a factor in the current decline of the asset class. Geopolitical tensions and oil prices are at a high, and the bond market is struggling. This has caused a lot of pressure on the asset class in the last few months. Earlier in March, the asset class fell to a low of $65,000 due to the high level of volatility in the markets. Related Reading: Bitcoin ETFs Pull In $56B As CEO Pitches Crypto Over Gold On average, around now is when #Bitcoin continues its decline in midterm years. pic.twitter.com/JZ7Rcx2wJY — Benjamin Cowen (@intocryptoverse) March 27, 2026 Pattern From Past Cycles Points To Possible Continued Weakness According to crypto analyst Benjamin Cowen, the current scenario in the markets is similar to the midterm cycles of 2014, 2018, and 2022. This is the period when the asset class loses steam between the second and third quarters of the year after a strong bull run in the first half of the year. Therefore, according to this pattern, the current weakness could continue into the future. According to the technical analysis of the asset class’s chart, a bear flag formation could cause the asset class to fall between the range of $50,000 and $41,000. Featured image from Meta, chart from TradingView
With the first quarter of 2026 over, Bitcoin’s weak showing looks less like a single crypto-specific break and more like the product of a market that spent the past months under growing macro and geopolitical pressure. As Q1 closed out on March 31, Bitcoin was trading near $66,280 and down about 24% for the year, […]
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Bitcoin price started April back above $68,000 after a late-March relief rally tied to hopes that the Iran war could move toward de-escalation. According to CryptoSlate's data, the flagship digital asset gained more than 3% in the last 24 hours to reach as high as $69,170 before retreating to about $68,456 as of press time, […]
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A new analysis released by CryptoQuant, written by contributor CryptoMe, suggests that Bitcoin (BTC) may still have room to fall this year, and that the collapse could give the ideal purchasing opportunity for long-term investors. Bitcoin Bottom At $54,000? In a Monday report, CryptoMe highlighted the cryptocurrency’s Realized Price indicator as a key reference point and argued that periods when spot prices dip at or below that level have historically been attractive accumulation zones. The Bitcoin Realized Price is, in simple terms, the market’s average cost basis: the price paid for all coins in circulation weighted by when they last moved. Notably, this Bitcoin metric has frequently acted as meaningful support during past bear markets. Related Reading: XRP Price Alert: Expert Predicts $0.80 On Bitcoin’s Potential Retreat To $60,000 When Bitcoin spot prices drop below the Realized Price indicator, the analyst says, the market is often in a state of capitulation — characterized by negative news, extreme fear, and pervasive pessimism. Bitcoin’s Realized Price sits at roughly $54,000, compared with a market price near $67,000 at the time of writing— a gap of about 19.4% between these levels. CryptoMe argues that if the cryptocurrency were to fall to the Realized Price or below, that area would be a potential market bottom in the current bear cycle, and an optimal zone for spot purchases and step‑by‑step accumulation. Prepare For Drawdowns CryptoMe also reminded investors of two important caveats. First, historical episodes show that when Bitcoin does move beneath the Realized Price, it can remain there for widely varying lengths of time — from as few as seven days to as long as 301 days. The analyst warned prospective buyers at these levels to be prepared for a potentially extended period of underperformance before prices recover. Related Reading: US Labor Department Eyes 401(k) Crypto Access, Bitcoin Considered In New Rule Second, a drop below the Realized Price indicator does not imply a fixed floor: CryptoMe asserts that the broader crypto market may fall further, and investors must be ready for deeper drawdowns. Despite those warnings, the analyst concluded on a bullish note: “Below $54,000, Bitcoin is cheap compared to the market average, and it is a perfect place to make gradual accumulation and collect Bitcoin.” After failing to break through the key resistance level of $76,000 last week, Bitcoin has dropped by almost 12% to its current trading price. This surge in volatility has been linked to increased Middle Eastern tensions and rising oil prices, which have caused investors to withdraw their funds from riskier assets. As a result, Ethereum (ETH), XRP, and Solana (SOL) have all followed Bitcoin’s price movement, falling to crucial support levels. Featured image from OpenArt, chart from TradingView.com
On-chain analytics firm Glassnode has revealed how the smaller Bitcoin investor cohorts shifted toward distribution in the recent rally. Bitcoin Accumulation Trend Score Shows Selling From Small Entities In a new post on X, Glassnode has talked about the recent trend in the Bitcoin Accumulation Trend Score. This on-chain indicator basically tells us about whether BTC investors are accumulating or distributing right now. The metric accounts for two factors when calculating its value: the 30-day balance changes happening in the wallets of the investors and the size of those wallets. The latter factor means that larger entities have a higher weightage in the score. Related Reading: Dogecoin Still Trapped In Triangle—29% Move Brewing? When the value of the indicator is greater than 0.5, it means the investors are in a phase of accumulation. The closer is the metric to 1, the stronger is this behavior. On the other hand, the Accumulation Trend Score being under 0.5 suggests distribution is dominant, with the strongest selling occurring at the zero mark. In the context of the current topic, the Accumulation Trend Score of the collective network isn’t of interest, but rather the Wallet Size version, which showcases the behavior of the various investor cohorts divided based on balance size. Below is the chart shared by Glassnode that shows the trend in the Bitcoin Accumulation Trend Score by Wallet Size over the last few months. From the graph, it’s visible that the Bitcoin Accumulation Trend Score took on a shade of blue for some of the groups during February, suggesting investors of various sizes were accumulating. In March, however, distribution has become dominant, with holders across the board participating in no or little accumulation. Two cohorts in particular stand out for their behavior: the below 1 BTC and 1 to 10 BTC ones. These groups, which correspond to the smallest of investors in the market, took to heavy distribution at the start of March, with the Accumulation Trend Score hitting close to zero. From the chart, it’s visible that BTC’s surge toward $76,000 was met with continued selling from these groups, suggesting that the retail hands were exiting alongside the recovery. Recently, BTC’s recovery has retraced, but behavior among the below 1 BTC and 1 to 10 BTC cohorts hasn’t changed. That said, the 1,000 to 10,000 BTC group has seen the metric just edge past the neutral zone, a sign that the whales are participating in some accumulation. Related Reading: OG Bitcoin On-Chain Models Could Hint At $46,000-$54,000 Floor: Analyst On the whole, though, Bitcoin holder behavior remains largely that of distribution. “Broad-based accumulation across wallet sizes remains absent, limiting the sustainability of upward moves,” noted the analytics firm. BTC Price Bitcoin has stayed down since its latest plunge as its price has continued to trade around $66,700. Featured image from Dall-E, chart from TradingView.com
Bitcoin price started a recovery wave above $67,500. BTC is now consolidating below $68,800 and might struggle to continue higher. Bitcoin started a recovery wave above $67,000 and $67,200. The price is trading above $67,000 and the 100 hourly simple moving average. There is a rising channel forming with resistance at $68,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another decline if it stays below the $68,500 and $68,800 levels. Bitcoin Price Eyes Recovery Bitcoin price formed a base above $65,500 and started a recovery wave. BTC was able to settle above $66,000 to move into a short-term positive zone. The price climbed above the $67,200 resistance zone. The bulls even cleared the 38.2% Fib retracement level of the downward move from the $71,986 swing high to the $65,030 low. However, the bears are now active near the $68,500 resistance zone. Bitcoin is now trading above $67,000 and the 100 hourly simple moving average. If the price remains stable above $67,000, it could attempt a fresh increase. Immediate resistance is near the $68,500 level or the 50% Fib retracement level of the downward move from the $71,986 swing high to the $65,030 low. The first key resistance is near the $68,800 level. There is also a rising channel forming with resistance at $68,800 on the hourly chart of the BTC/USD pair. A close above the $68,800 resistance might send the price further higher. In the stated case, the price could rise and test the $69,250 resistance. Any more gains might send the price toward the $69,500 level. The next barrier for the bulls could be $70,000. Another Drop In BTC? If Bitcoin fails to rise above the $68,800 resistance zone, it could start another decline. Immediate support is near the $67,000 level. The first major support is near the $66,800 level. The next support is now near the $65,800 zone. Any more losses might send the price toward the $65,800 support in the near term. The main support now sits at $65,000, 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 – $67,000, followed by $65,800. Major Resistance Levels – $68,500 and $68,800.
About 97% of the machines used to mine Bitcoin currently come from companies based in China. This heavy reliance on foreign technology has created a bottleneck at American ports and raised alarms about the long-term security of the network. Related Reading: Bitcoin ETFs Pull In $56B As CEO Pitches Crypto Over Gold To fix this, US Senators Bill Cassidy and Cynthia Lummis introduced the Mined in America Act. The bill aims to move the production of specialized computer chips and mining rigs onto American soil. Cleaning Up The Mining Supply Chain The proposed law creates a special “Mined in America” certification for data centers. To earn this label, a facility must prove it is not using equipment made by “foreign adversaries.” This would force a massive shift in how the industry operates. Right now, most miners buy their hardware from Chinese giants like Bitmain or MicroBT. Under the new rules, companies would have to phase out that gear in favor of US-made alternatives. It is a bold attempt to build a domestic industry from the ground up. Digital asset mining is a big part of our economy. We should be doing it here in America. Proud to introduce the Mined in America Act with @SenLummis, which secures supply chains, backs U.S. manufacturing, and supports this key industry.https://t.co/qZdv6SEe3g — U.S. Senator Bill Cassidy, M.D. (@SenBillCassidy) March 30, 2026 Reports indicate that federal agencies would play a major role in this transition. The National Institute of Standards and Technology would be tasked with helping US manufacturers develop more efficient chips. This move is designed to ensure that the US does not just host the mining power, but actually owns the technology behind it. By making the hardware at home, the industry could avoid the shipping delays and customs seizures that have slowed down growth over the last year. Connecting Mining To National Reserves The legislation does more than just worry about hardware. It also seeks to lock in a plan for a Strategic Bitcoin Reserve. US President Donald Trump has previously expressed support for the government holding a stockpile of the digital currency. This bill would codify that idea into law. It suggests that the Bitcoin held in this national reserve should ideally come from “Mined in America” facilities. This creates a direct link between national security and the computers humming in rural warehouses across the country. Related Reading: Bitcoin Faces Fresh Pressure As Oil Crosses $104 For First Time In 4 Years Data shows the US currently accounts for roughly 38% of the global hashrate, which is the total computing power used to secure the Bitcoin network. While that makes the US a leader in operations, it remains a follower in manufacturing. Officials said the bill would use the Manufacturing Extension Partnership to give small and medium-sized American factories the tools they need to compete. The goal is to turn Bitcoin mining into a pillar of American industrial policy rather than just a niche financial activity. Featured image from Unsplash, chart from TradingView
Bitcoin may no longer be moving in lockstep with the S&P 500 over a short time frame, but that does not mean it has escaped the broader risk-off regime. In Axel Adler Jr.’s latest morning brief, the more important signal is not the breakdown in short-term correlation, but Bitcoin’s continued relative weakness against US equities. Bitcoin Weakens Against The S&P 500 Adler’s argument rests on two charts that, taken together, push back on the increasingly familiar claim that a lower BTC-equity correlation automatically points to decoupling. The first is the 13-week BTC-S&P correlation, which has recently turned negative and stayed below zero. On the surface, that could look constructive for Bitcoin. But Adler argues that the reading is easy to misinterpret. “The 13-week correlation measures how closely the weekly returns of BTC and the S&P 500 have moved together over a short window,” he wrote. “Over recent weeks, the short-term correlation has turned negative and has been holding below zero. At first glance this might look like a loosening of the link between BTC and equities – but in practice it more likely reflects the choppy nature of recent weeks, where isolated Bitcoin bounces have alternated with continued weakness in the index.” Related Reading: OG Bitcoin On-Chain Models Could Hint At $46,000-$54,000 Floor: Analyst That distinction is central to the note. A falling or negative correlation only says that the two assets are no longer moving neatly together over that window. It does not say Bitcoin is strong. It does not say capital is treating BTC as a defensive asset. And it does not confirm that the market has begun to price Bitcoin independently of the same macro pressures hitting equities. For that, Adler points to the second chart: the BTC/S&P price ratio. This is where the case for decoupling breaks down. The ratio, which tracks Bitcoin’s performance relative to the S&P 500, has declined since the start of the year and remains under pressure. In practical terms, that means Bitcoin has been underperforming stocks even during periods when the short-term correlation has weakened. “What matters to the market here is not the fact of negative correlation per se, but whether it is accompanied by sustained BTC outperformance over the S&P,” Adler wrote. “That confirmation is not there yet, so it is too early to talk about Bitcoin achieving genuine independence from the risk-off regime.” Related Reading: JPMorgan Says Bitcoin Is Beating Gold And Silver During The Iran War That framing matters because it shifts the focus away from a single statistical measure and back toward market behavior. If Bitcoin were truly decoupling, the relative-strength picture would likely be improving. Instead, Adler argues, the market is still assigning Bitcoin the role of a higher-beta risk asset, one with “higher risk and a larger drawdown amplitude” than the index. He makes the point even more explicitly in the note’s conclusion. “The market is currently sending an uncomfortable but fairly honest signal,” Adler wrote. “The S&P 500 continues to decline, and BTC is not merely staying vulnerable to external risk-off pressure – it continues to underperform the index in relative terms. The prevailing regime remains risk-off.” In that framework, the more useful trigger to watch is not whether correlation stays negative for another week, but whether the BTC/S&P ratio can reverse and hold higher. Adler says only “a new stable regime” of relative outperformance would support a real decoupling thesis. Until then, the market message remains straightforward: the relationship between Bitcoin and equities may have become less linear, but not less risk-sensitive. At press time, BTC traded at $66,652. Featured image created with DALL.E, chart from TradingView.com
There are now over 47 million cryptocurrencies in existence. That number alone may explain a lot of what is happening to prices of altcoins right now. Related Reading: Bitcoin ETFs Pull In $56B As CEO Pitches Crypto Over Gold Altcoins: A Market Spread Too Thin Blockchain networks have become token factories. Solana hosts more than 22 million tokens. Base accounts for over 18 million more. BNB Smart Chain adds another 4 million on top of that. With that much supply chasing a limited pool of investor money, most of these assets simply cannot attract enough buyers to hold their value. Analysts call it liquidity dilution — capital spread too thin to support the crowd. That structural problem is now showing up in the numbers in a dramatic way. Data from CryptoQuant shows that over 40% of all altcoins are currently trading at or near their all-time lows. More than 40% of Altcoins near All-Time Lows “This is even higher than during the previous bear market, which peaked at ~38%… However, when such extreme underperformance appears, it can also create very attractive opportunities.” – By @Darkfost_Coc pic.twitter.com/XvAmKiKyyQ — CryptoQuant.com (@cryptoquant_com) March 30, 2026 That figure surpasses the previous bear market peak of around 38%, making this cycle the worst on record for altcoin performance. CryptoQuant analyst Darkfost put it bluntly. Altcoins, he said, have never faced this kind of pressure in the current cycle. Staggering Losses The losses across individual coins are staggering. Bitcoin has fallen roughly 45% from its all-time high — painful, but modest compared to what has happened further down the market cap rankings. XRP has shed 60% from its peak. Solana sits 70% below its high. Cardano has collapsed 90% from where it once traded. Some smaller assets are in even worse shape. VeChain is down approximately 98% from its record price and is hovering just above an all-time low. Ethena hit a new all-time low recently, last trading around $0.09. Arbitrum and SUI are both sitting at levels where a further drop would push them into all-time low territory. Macroeconomic uncertainty and geopolitical tensions have added weight to an already fragile market. Risk assets across the board have taken hits, and crypto — altcoins above all — has absorbed some of the heaviest blows. Related Reading: 8.25M XRP Exit Long-Term Holders As Whales Buy $1.20–$3 Bitcoin Holds Up. Most Altcoins Don’t. Bitcoin’s relative steadiness compared to the rest of the market has drawn attention. While it is not immune to the selling pressure, its decline has been far less severe than what altcoins have experienced. That gap between Bitcoin and the broader crypto market is a defining feature of this particular downturn. Featured image from Unsplash, chart from TradingView
Macro investor Jordi Visser is arguing that Bitcoin’s original purpose is coming back into focus as the Federal Reserve faces a new macro trap shaped by debt, oil, slowing growth and weakening employment. In a note published March 30 under the banner “D.O.G.E. 2.0,” Visser says that mix could leave policymakers unable to impose the kind of economic pain a traditional inflation fight would require. His framework repurposes the acronym into four pressures: debt as the structural constraint, oil as the inflation shock, growth as the casualty of tighter conditions, and employment as the side of the Fed’s mandate that may soon take precedence. The broader claim is not simply that inflation could return, but that it could return in a form monetary policy cannot easily fix. Why Bitcoin Could Be The Big Winner Visser’s argument starts with supply-side stress. He points to oil prices rising after the war with Iran disrupted flows through the Strait of Hormuz, while import-price pressures and higher memory-chip costs linked to AI demand were already feeding through global supply chains. “That is what makes this moment dangerous,” he writes. “The inflation problem may be returning, but it is returning for reasons the Fed cannot easily solve, all while affordability remains a major political issue. Rate hikes do not reopen Hormuz. They do not create more DRAM.” Related Reading: OG Bitcoin On-Chain Models Could Hint At $46,000-$54,000 Floor: Analyst From there, he shifts to what he sees as the crucial difference between today and the 1970s. Back then, Visser notes, federal debt stood near 35.5% of GDP in 1970 and around 31.6% by 1979. Today, he says, the comparable figure is about 122.5%. That changes the amount of pain the system can absorb. In his telling, the United States is confronting the possibility of a second inflation wave with a debt burden roughly four times heavier than at the end of the last major oil-driven inflation era. He makes the same point through asset valuations. The stock-market-capitalization-to-GDP ratio, he argues, is now above 200%, versus roughly 42% in 1975 and 38% in 1979. In practical terms, that means a determined inflation fight would not only hit a more indebted fiscal structure and a more fragile Treasury market, but also a far more financialized economy. “This is not just a replay of the 1970s,” Visser writes. “It is the 1970s problem inside a far more levered system.” The labor side of the equation is equally important in his thesis. Visser points to a February 2026 employment report showing nonfarm payrolls down 92,000, unemployment at 4.4%, and payroll employment having changed little on net in 2025. Wage growth, he says, has also eased materially from its 2023 peak. That backdrop matters because it makes a renewed inflation offensive harder to justify politically and economically than it was during the post-COVID tightening cycle. Related Reading: JPMorgan Says Bitcoin Is Beating Gold And Silver During The Iran War Visser argues the Fed has already begun preparing markets for that distinction. He cites Chair Jerome Powell’s March 18 press conference, where Powell acknowledged higher energy prices could lift inflation in the near term while reiterating that central banks often try to “look through” energy shocks if inflation expectations remain anchored. Visser also notes Vice Chair Philip Jefferson’s warning that persistently higher energy prices could weigh on both inflation and spending, intensifying the Fed’s dual-mandate dilemma. That is where Bitcoin enters the story. Visser ties the current setup back to Bitcoin’s creation during the 2008-09 financial crisis, arguing that Satoshi Nakamoto’s design was a direct response to a monetary system dependent on bailouts, intervention and expanding guarantees when stress becomes intolerable. “Bitcoin was born as a response to a system in which governments and central banks could always create more money, extend more guarantees, and socialize more losses when the structure became too fragile to endure discipline,” he writes. “Whether you view that as protest, timestamp, or both, the message was unmistakable.” His conclusion is that Bitcoin does not require hyperinflation to validate that thesis. It only requires markets to believe that each inflation fight will be shorter, each easing cycle will arrive sooner, and each downturn in a debt-heavy system will push policymakers back toward accommodation. At press time, Bitcoin traded at $66,466. Featured image created with DALL.E, chart from TradingView.com
Crypto analyst Sweep has revealed that 20 Bitcoin indicators have flashed bullish at the same time, providing a bullish outlook for the leading crypto. Based on this development, the analyst has predicted that BTC could rally to $150,000, marking a new all-time high (ATH). 20 Bitcoin Indicators Hint At Rally To $150,000 In an X post, Sweep stated that 20 independent indicators are bullish at the same time. He noted that this has only happened three times in Bitcoin’s history, and each time was followed by a 300% rally. The first of this indicator is the Global M2 money supply, which just hit an all-time high (ATH) while BTC is still lagging. Related Reading: None Of The 30 Bitcoin Market Peak Indicators Have Been Hit, So Why Did The Price Crash? Sweep further revealed that the Dollar Index is at 100, the exact level that preceded 500% rallies twice before. Another bullish indicator is that BTC’s exchange reserves have fallen to a 7-year low, with only 2.1 million BTC remaining across all crypto exchanges. The drop in these exchange reserves has come as whales bought 270,000 BTC over 30 days, the largest accumulation wave since 2013. Another bullish indicator is that the Fear and Greed index has been stuck at extreme fear for 46 straight days, currently at 12. Bitcoin’s weekly RSI has printed 27.48, the third time in history that it has been this low. Furthermore, funding rates have been negative for weeks, with traders paying fees to short BTC. Meanwhile, Sweep also mentioned that the stablecoin supply has hit an all-time high of $320 billion, with supply sitting on the sidelines. Miners have been in capitulation for 4 months straight, the longest stretch this cycle. At the same time, the hash rate is recovering from a 22% decline. The Macro Angle For BTC Sweep mentioned bullish macro indicators, such as the Fed ending quantitative tightening, draining the reverse repo from $2.5 trillion to nearly zero, and resuming purchases of Treasury bills. Furthermore, Consumer confidence is in the second-lowest zone ever recorded in 70 years of data, while the ISM manufacturing is back in expansion for the first time in 40 months. Related Reading: The Last Time Bitcoin Sentiment Was This Bad Was 2022, But There Was A Silver Lining Another bullish indicator is that the Bitcoin ETF flows have turned positive in March, with $2.5 billion in inflows. SoSoValue data shows that the BTC ETFs are on course to end a streak of four consecutive months of outflows. Sweep mentioned that BTC has just printed 5 consecutive red monthly candles, which has happened only once and led to a 308% rally afterwards. Lastly, 92% of short-term holders are underwater. The analyst noted that the last time this many signals aligned was in November 2022, when Bitcoin was trading at $16,000. Since then, BTC has pumped to a new ATH of $126,000. At the time of writing, the Bitcoin price is trading at around $67,500, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
Bitcoin has shed about $3,500 in value over recent days, slipping from above $70,000 earlier in March to around $66,500, as short-term holders take their exits. On one particularly turbulent day, about 22,000 BTC were moved to exchanges in a single session. Yet, the Bitcoin price is still holding above support and hasn’t broken below the $60,000 range. A different dynamic is quietly taking shape, one that raises a more important question than the selloff itself: who is actually absorbing all the Bitcoin being sold? ETF Demand Is Quietly Absorbing Market Supply Short-term holders, those who acquired Bitcoin relatively recently and are most sensitive to price drawdowns, have been routing coins to exchanges at an elevated pace. However, on-chain data from CryptoQuant data reveals a counterforce of equal or greater magnitude. Related Reading: What Every XRP Holder Must Understand As Activity Wanes The latest data points to a steady flow of Bitcoin moving into institutional hands, particularly through spot ETFs. Over the past 30 days, roughly 63,000 BTC has been accumulated by institutions. This figure stands in contrast to the daily selling pressure coming from short-term holders. As shown in the ETF flows chart below, which was first posted on the social media platform X by a crypto analyst with the name Crypto Tice, green bars representing ETF inflows consistently offset red periods of outflows, even during days where price action isn’t holding up as expected. This has given rise to a pattern of large buyers stepping in to buy BTC during dips and after they’ve slowed down, effectively soaking up available liquidity. Bitcoin ETF Tracker. Source: @CryptoTice_ On X Are Sellers Running Out Of Bitcoin To Sell? March had its ups and downs in terms of price action, with Bitcoin briefly reclaiming levels above $76,000 before falling back under pressure as selling increased toward the end of the month. As it stands, the Bitcoin price is most likely going to close March below $70,000, and it is even at risk of closing the month red, which would bring it to six consecutive months of bearish closes. At the time of writing, Bitcoin is trading at $67,339, which places it just 0.57% above its March open of $66,970. Related Reading: The Bitcoin Price Bottom Is Close, But There Is Still A Crash Below $60,000 Left On the other hand, US-based Spot Bitcoin ETFs are currently sitting on $1.2 billion in net inflows for March 2026, bringing an end to four consecutive months of net outflows. This turnaround shows that institutional appetite is starting to return after a prolonged period of reduced exposure, with capital gradually flowing back into Bitcoin. Although these inflows have not been strong enough to fully counterbalance the short-term selling pressure on the Bitcoin price, they do point to a willingness among larger players to accumulate at the current price range. Short-term holders, by definition, have a finite supply of coins acquired at recent prices. If the current absorption rate continues, then the supply available to sellers will continue declining while demand is still strong. Featured image created with Dall.E, chart from Tradingview.com
Investors are currently sifting through a decade of market data to see if a massive spike in energy costs will sink Bitcoin and the crypto market. Related Reading: Bitcoin ETFs Pull In $56B As CEO Pitches Crypto Over Gold While many people focus on the immediate price of oil, the real damage to Bitcoin in the past often came from internal industry blowouts rather than what was happening at the gas pump. The 2014 crash happened alongside the Mt. Gox exchange failure. In 2022, the Terra-Luna collapse wiped out billions. These events, rather than just expensive fuel, played the biggest role in deepening previous bear markets. The Weight Of Geopolitics On Digital Assets Reports indicate that West Texas Intermediate (WTI) crude oil jumped above the $104 mark on Monday. This is the highest price seen in nearly four years. US President Donald Trump recently expressed a desire for the US to maintain indefinite control over the oil industry in Iran. Such statements and global tensions usually push oil higher. When energy becomes this expensive, it often acts as a drag on the entire economy. It takes money out of the pockets of everyday people who might otherwise buy digital assets. Data shows that Bitcoin miners also feel the sting because their operations require significant amounts of power. In the past 12 years, there have only been three times when oil hit this specific $104 level. Because these events are so rare, some analysts believe it is hard to say for sure that one causes the other. The first instance occurred in June 2014 when ISIS moved into northern Iraq. Bitcoin was trading around $600 at the time but lost 21% of its value over the next 10 weeks. It stayed down for a long time. It actually took more than two years for the price to climb back to where it started before that specific oil spike. Searching For Patterns In A Volatile Market The most recent example happened in May 2022. This followed a proposal by the European Commission to phase out Russian oil imports. Bitcoin did not just dip; it fell 25% in only seven days. That specific crash started a bear market that lasted for 19 months. Even though oil prices eventually dropped back below $100 for several years, the damage to the crypto world was already done. Based on reports, the current return to triple-digit oil prices has many traders on edge. They are watching to see if history will repeat itself or if the market has become strong enough to handle the pressure. Related Reading: 8.25M XRP Exit Long-Term Holders As Whales Buy $1.20–$3 A Fear Of Broad Economic Pullbacks Not every spike leads to a permanent disaster. In March 2022, Bitcoin dropped 15% after the Russia-Ukraine war began and oil soared. However, that loss was erased in less than a month. Even though oil stayed high, Bitcoin managed to recover its footing quickly. This shows that the relationship between the two is not always a straight line. Sometimes the market reacts to the news of war more than the actual cost of the commodity. Featured image from Trade Brains, chart from TradingView
Bitcoin’s price is still in range rather than in a full risk‑off spill after a post‑expiry sell‑off, a string of red monthly closes, and geopolitical tensions. Bitcoin Remains Rangebound March 30th QCP Market Colour reports that Bitcoin briefly slipped to around $65k during thin Asian trading (low‑liquidity window where smaller orders can push price around disproportionately). It then snapped back into its usual weekend band between $66k and $67k. Throughout the month, this has been a recurring pattern: price softens into the weekend as traders cut risk, then grinds higher again as the new week begins. Bitcoin will likely stay stuck in its current range as Trump’s 10‑day halt on strikes against Iranian energy assets runs toward its April 6 expiry, a point at which traders are bracing for a possible flare‑up. Related Reading: Google Says End For Bitcoin Is Near? Quantum Computers Could Attack Crypto This Soon In options, post‑expiry volatility compression is “muted”; traders are still paying for gamma, overwriters are sidelined, and the vol surface signals caution but not panic. Positioning is defensive rather than euphoric, which fits a market that is stable but not ready to break higher. Everything points at Bitcoin being headed for a sixth straight negative monthly close and its first three‑month losing stretch to kick off the year, highlighting how fragile sentiment remains. Geopolitical Tensions Heighten According to QCP, “Washington is signalling escalation risk”. The U.S. insists talks are moving forward, but the continued troop buildup indicates it is still preparing for potential ground operations. Meanwhile, Iran’s partners in Yemen keep warning they could disrupt key supply routes if the conflict worsens. Any blockade in the Bab al‑Mandeb strait could dramatically worsen the existing inflation shock, a scenario the administration can hardly stomach with approval ratings sagging and midterms on the horizon. Macro and geopolitics are tightly intertwined. Elevated oil, war risk premium and supply‑chain vulnerabilities keep the famous stagflation narrative alive, which continues to muddy Bitcoin’s role between high‑beta risk asset and emerging macro hedge. As long as Trump’s strike pause holds and there is no major policy surprise, BTC likely stays range‑bound and headline‑driven into early April. “The Majority Of Market Participants Are Operating At A Loss” On-chain, all this tension translates to Long‑Term Holder SOPR (profitability) recently slipping below 1.0, new data from Crypto Dan for Crypto Quant shows. Veteran holders are now selling at a loss: classic “surrender” or early capitulation behavior. Since long‑term holders are usually the least reactive to short‑term price swings, a period where they start locking in losses often signals that the entire market has entered a capitulation phase. Bitcoin: Long Term Holder SOPR. Source: Crypto Quant. According to Crypto Dan, these kinds of conditions have often preceded phases where selling pressure slowly runs out, paving the way for market bottoms or areas that sit near long‑term lows. The analyst believes that it may be too early to call this the definitive bottom, but a stage where losses are broadly shared typically marks the last leg of fear and the first real window of opportunity for patient buyers. Related Reading: Over Half Of US Crypto Users Don’t Understand This Scary Tax Rule Put together, range‑bound price, cautious options, and long‑term holder stress suggest we’re in a late correction phase, where the market is still under pressure but closer to washing out and stabilizing, not yet in the clear new bull leg where price starts trending higher with conviction. At the moment of writing, BTC trades for $66k. Source: BTCUSDT on Tradingview Cover image from Perplexity, BTCUSDT chart from Tradingview
The Bitcoin price is approaching a decisive moment, according to the head of a major crypto analytics firm. A clearly defined price threshold has been identified, and falling below it could accelerate the current downturn. The warning centers on how both market structure and investor behavior may shift if this level fails, raising concerns about a deeper and more aggressive bear phase. Crypto CEO Flags A Critical Bitcoin Price Level Joao Wedson, founder of the crypto analytics platform called “Alphractal”, has issued a warning about a critical price level that could shape the next phase of the Bitcoin market. According to Wedson, $60,490 represents the realized price of Binance’s Bitcoin reserve, effectively the average cost basis of the exchange’s entire BTC holdings. Related Reading: What Happens To The XRP Price If The 5D Bottoming Blueprint Repeats Itself? As long as Bitcoin trades above this level, Binance’s reserve remains in profit. However, a sustained drop below $60,490 would push the largest exchange-held Bitcoin reserve into unrealized loss. In practical terms, that shift would mean the bulk of BTC held on Binance was acquired at higher prices than the current market value. This is why Wedson views the level as more than just another technical support. Realized price metrics tied to large reserves often function as structural market boundaries. When the price holds above them, it signals that major holders remain comfortably in profit and have little pressure to distribute their coins. That dynamic can help stabilize the market during periods of volatility. But the structure changes if that threshold breaks. Wedson noted a similar scenario in the 2022 bear market, when Bitcoin stayed below Binance’s reserve realized price for months. During that time, large holders faced unrealized losses, keeping downward pressure on the market. This matters because holders in profit are less likely to sell, but once losses appear, selling pressure can rise as they seek to limit further downside. Because Binance controls the largest Bitcoin reserve among exchanges, the $60,490 level carries broader market implications. If Bitcoin loses this zone decisively, it would remove a key profitability cushion for one of the market’s largest holders. According to Wedson, that type of structural shift is exactly the kind of development that tends to deepen bear markets. Related Reading: If Bitcoin Should Be Worth $280,000 Right Now, What’s The Real Value Of Dogecoin And XRP? How Market Psychology Could Amplify The Downtrend The implications extend beyond institutional positioning to overall market sentiment. A decisive break below the identified level could weaken confidence among participants, reinforcing negative expectations. As sentiment shifts, more investors may adopt defensive strategies, contributing to additional selling pressure. This interaction between price movement and psychology creates a feedback loop. Declines can trigger fear, which in turn leads to further declines. Wedson’s warning highlights how this cycle could intensify if the key level fails. However, he believes that if Bitcoin holds above it, the market may retain a degree of stability. If it falls below, the conditions described point toward a deepening bear market. Featured image created with Dall.E, chart from Tradingview.com
It sounds out of a sci-fi video game, but new research suggest quantum attackers could break Bitcoin’s blockchain and steal coins mid-transaction sooner than it was originally expected. Is Doomsday Near For Bitcoin? A new whitepaper and blogpost published on Tuesday by Google’s Quantum AI team claims that Bitcoin and Ethereum’s cryptography can be broken with fewer than 500,000 physical qubits and roughly 1,200 “logical” qubits, far below the “millions” that used to be cited. Related Reading: Hyperliquid’s Tokyo Edge Exposed — Secret Time Gap Is Tilting The Market Most blockchains and cryptocurrencies protect wallets and transactions using 256‑bit elliptic curve cryptography (a very strong mathematical lock) based on the discrete logarithm problem (ECDLP‑256). The research points at a significant decreased in the resources needed to break the ECDLP-256. The blog post says: We estimate that these circuits can be executed on a superconducting qubit CRQC with fewer than 500,000 physical qubits in a few minutes, given standard assumptions about hardware capabilities that are consistent with some of Google’s flagship quantum processors. This is an approximately 20-fold reduction in the number of physical qubits required to solve ECDLP-256 and a continuation of a long history of gradual optimization in compiling quantum algorithms to fault-tolerant circuits. “Cryptographically-relevant quantum computers (CRQS) pose a threat to widely deployed public-key cryptography”, the whitepaper claims. Instead of attacking wallets, the research models a live attack where a quantum adversary could steal bitcoin mid‑transaction in about 9 minutes by quickly using the briefly revealed public key to calculate the private key, giving a 41% chance of beating Bitcoin’s 10‑minute block time. In this sense, Ethereum might be less vulnerable than Bitcoin, as it confirms its transactions faster. The Culprit: Taproot This results put Taproot, Bitcoin’s 2021 upgrade, in a different perspective. Although Taproot boosted privacy and efficiency, it started exposing public keys on‑chain by default, stripping away the “hash-first” protective layer that older address formats had. Therefore, it has widened the pool of quantum‑exposed coins to about 6.9 million BTC, including Satoshi‑era and heavily reused addresses. A quantum computer is a computer that uses the rules of quantum physics to process information in ways normal computers can’t. Instead of bits that are either 0 or 1, it uses qubits, which can be 0, 1, or a blend of both at the same time, letting the machine explore many possibilities in parallel. Classical computers explore possibilities one‑by‑one (even if very fast). This means that, for certain math problems (like factoring huge numbers used in cryptography), a powerful quantum computer could solve in minutes what would take a classical supercomputer longer than the age of the universe. What This Means For Concerned Traders Despite it is true that no such machine exists yet, earlier this month Google set 2029 as an internal deadline for post‑quantum migration, compressing the perceived timeline for “Q‑day.” Researchers warn that post-quantum migration will take years, even if the hardware is not here yet. Related Reading: Over Half Of US Crypto Users Don’t Understand This Scary Tax Rule On the social network X, some users have already expressed their quantum panic. Coin Metric co-founder and Bitcoin advocate Nic Carter highlighted another paper released today from Oratomic, Caltech and UC Berkeley, showing quantum computers can break crypto with just 10,000 reconfigurable atomic qubits. and the craziest thing is that the Google Quantum AI paper (above) is maybe not even the most concerning quantum paper released _today_https://t.co/mSZi5Lk7do — nic carter (@nic_carter) March 31, 2026 Roughly one‑third of Bitcoin’s supply is now modeled as potentially quantum‑exposed over a long enough horizon, which could change how desks value old coins, Taproot usage and address‑reuse hygiene. Traders should watch for Taproot adoption metrics, progress or gridlock around BIP‑360‑style upgrades, and whether Bitcoin devs move toward a dated migration plan as Google’s 2029 clock ticks louder. At the moment of writing, BTC trades for the highs $66k. Source: BTCUSD on Tradingview Cover image from Perplexity, BTCUSD chart from Tradingview
As Bitcoin (BTC) retests a crucial level after breaking down of a bearish pattern, an analyst has suggested that the flagship crypto’s final correction before the next bull market could start in the coming days. Related Reading: Ethereum Could Hit $40,000 And Beat Bitcoin, Standard Chartered Says Start Of ‘Final Washout’ Is Days Away In a Monday analysis, market observer Ali Martinez affirmed that Bitcoin’s final leg down before the next bull run could be around the corner based on the flagship crypto’s past cycle’s behavior. The analyst explained that historically, the crossover between BTC’s 50 and 200 Simple Moving Averages (SMAs) has marked the “‘absolute bottom’ of every major cycle since 2014.” Over the past 12 years, whenever these two lines crossed on the three-day chart, it has consistently signaled the start of the “final washout” before the next bull market begins. In 2014, 2018, and 2022, Bitcoin had already declined by 50%-72% from its cycle peaks when the 50- and 200-SMAs crossed. 23-33 days after the crossover, the cryptocurrency continued its correction, retracing another 45%-52% before bottoming. In 2022, “another lower low formed 156 days later, completing the bear structure and opening the door for the next bull market.” Now, Bitcoin has already seen a 52% correction from its October 2025 peak, while the SMAs crossed over on February 27. “As of today, we are exactly 30 days into this signal,” the analyst detailed, adding that “If history ‘rhymes,’ we are likely entering the Final Accumulation Window of this cycle within the next 3 to 6 days.” Martinez noted that while the final leg down could be intimidating, history has shown that the crossover is the “Golden Opportunity” for long-term investors. Based on its 40%-50% “resets,” the analyst suggested two main accumulation zones: the $40,000 and $30,000 levels. Structurally, this setup has historically aligned with the last major downside move before a generational macro bottom forms. (…) The countdown to the next vertical move has begun. Bitcoin Bear Flag Breakdown Confirmed? After closing the week around the $66,000 mark, Bitcoin has surged to the $67,000-$68,000 area to retest a crucial level from below. The flagship crypto has been trading between $62,000-$74,000 for nearly two months, developing a bearish formation during this period. Notably, BTC has formed a bearish flag pattern on the daily timeframe, retesting the formation’s lower and upper boundaries multiple times since early February. Following last week’s correction, the cryptocurrency retraced over 10% from its recent highs to a four-week low of $65,000 on Sunday. Related Reading: The Last Time Bitcoin Sentiment Was This Bad Was 2022, But There Was A Silver Lining Amid this performance, Bitcoin lost the lower boundary of its bear flag formation, risking a second leg down toward lower levels. Analyst Crypto Jelle noted that the cryptocurrency is currently retesting the formation from below after today’s bounce, which could confirm that the pattern’s support has turned into resistance if BTC price is rejected. In addition, the market watcher pointed out that the cryptocurrency’s bear market lows have historically formed below the Fibonacci 0.618 retracement levels, which could place BTC’s bottom below the $57,000 area. “Is this time different? Doubt it,” Jelle concluded. Featured Image from Unsplash.com, Chart from TradingView.com
The US Labor Department published a proposed regulation on Monday intended to give 401(k) participants access to alternative investments, including crypto assets such as Bitcoin (BTC). The Employee Benefits Security Administration (EBSA) framed the rule as “historic,” saying it lays out a clear, process-driven framework that plan fiduciaries can follow when evaluating non-traditional assets for defined contribution plans. Safe‑Harbor Rules For 401(k) Considering Crypto At the heart of the proposal are safe-harbor procedures designed to guide plan managers through the selection of designated investment alternatives. Under the rule, fiduciaries would be required to evaluate potential alternatives, addressing factors such as expected performance, fees, liquidity, valuation methods, appropriate performance benchmarks, and the complexity of the crypto assets. The department emphasized that the rule is intentionally neutral with respect to asset classes: it does not endorse any particular type of investment but instead sets out a prudent process for review and selection. Related Reading: XRP Price Alert: Expert Predicts $0.80 On Bitcoin’s Potential Retreat To $60,000 The move follows President Trump’s executive order, “Democratizing Access to Alternative Assets for 401(k) Investors,” and represents an attempt to translate that directive into practical regulatory guidance, according to the statement on the matter. Labor Department officials say the proposed rule returns the agency to a long-standing approach that focuses on fiduciary process rather than picking winners and losers among asset types. “The department’s days of picking winners and losers are over. Our rule clearly spells out that managers must evaluate any and all potential product offerings by following a prudent process,” said Deputy Secretary of Labor Keith Sonderling. Treasury And SEC Back Labor Proposal The EBSA noted that the Biden administration’s 2022 compliance guidance — which effectively discouraged fiduciaries from offering crypto options — diverged from the Employee Retirement Income Security Act’s (ERISA) requirements, contributing to the limited uptake of alternatives in retirement plans. The new proposal aims to remove that regulatory uncertainty by providing concrete, process-based protections for fiduciaries who choose to consider crypto investments. Officials from other agencies welcomed the initiative as part of a broader push to expand retirement investment options. Related Reading: XRP Nears Key Turning Point As Descending Wedge Tightens Treasury Secretary Scott Bessent praised the Labor Department’s rulemaking as “another step in ushering in President Trump’s Golden Age,” saying the proposal seeks to broaden access to additional retirement options for “millions of Americans” while protecting retirement assets. Securities and Exchange Commission (SEC) Chairman Paul Atkins also expressed support, noting that enabling Americans to participate in innovation and economic growth through diversified, long-term investments is important for retirement planning and that the SEC helped formulate the proposal. If finalized, the rule would provide plan fiduciaries with a structured path to consider crypto and other alternative assets without immediately exposing them to the compliance risks that had discouraged inclusion in recent years. At the time of writing, Bitcoin was trading at $66,580, having failed to capitalize on moves slightly above $68,000 earlier on Monday. Featured image from OpenArt, chart from TradingView.com
Bitcoin price started a recovery wave above $67,000. BTC is now consolidating below $68,500 and might struggle to continue higher. Bitcoin started a recovery wave above $67,000 and $67,500. The price is trading above $67,500 and the 100 hourly simple moving average. There was a break above a bearish trend line with resistance at $67,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another decline if it stays below the $68,500 and $68,800 levels. Bitcoin Price Attempts Recovery Bitcoin price extended losses and tested the $65,000 zone. BTC formed a base above $65,000 and recently started an upside correction above $66,000. The price climbed above the $67,000 resistance zone. There was a break above a bearish trend line with resistance at $67,350 on the hourly chart of the BTC/USD pair. The bulls even cleared the 38.2% Fib retracement level of the downward move from the $71,985 swing high to the $65,030 low. Bitcoin is now trading above $67,500 and the 100 hourly simple moving average. If the price remains stable above $67,200, it could attempt a fresh increase. Immediate resistance is near the $68,500 level or the 50% Fib retracement level of the downward move from the $71,985 swing high to the $65,030 low. The first key resistance is near the $68,800 level. A close above the $68,800 resistance might send the price further higher. In the stated case, the price could rise and test the $69,250 resistance. Any more gains might send the price toward the $69,500 level. The next barrier for the bulls could be $70,000. Another Decline In BTC? If Bitcoin fails to rise above the $68,500 resistance zone, it could start another decline. Immediate support is near the $67,200 level. The first major support is near the $67,000 level. The next support is now near the $66,200 zone. Any more losses might send the price toward the $65,500 support in the near term. The main support now sits at $65,000, below which BTC might struggle to recover in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $67,000, followed by $65,000. Major Resistance Levels – $68,500 and $68,800.
Analyst Willy Woo has highlighted how some old-school Bitcoin on-chain models could suggest a bottoming zone for the asset in the current cycle. Bitcoin Bottomed Between Realized Price & CVDD In Past Bear Markets In a new post on X, analyst Willy Woo has talked about where the Bitcoin bottom could lie according to two on-chain models. The models in question are the Realized Price and CVDD. Related Reading: KPMG, PwC Involved In Tether’s First-Ever Audit: Report First, the “Realized Price” keeps track of the cost basis or acquisition value of the average token part of the cryptocurrency’s circulating supply. Whenever the spot price is above this metric, the investors as a whole could be assumed to be in a state of net unrealized profit. Similarly, the asset being below the level can imply the dominance of loss on the blockchain. As shown in the chart shared by Woo, the Bitcoin Realized Price has been sliding down recently, meaning that average investor cost basis has been declining. In other words, the average capital invested per holder is down, so some net capital could be considered to have left the cryptocurrency. Following the drawdown in the Realized Price since November, its value has dropped to around $54,200. So far in the latest bearish market phase, Bitcoin has yet to retest this level. From the chart, it’s visible that past bear markets found their bottoms when BTC was below the indicator. Interestingly, the other model in the chart, the CVDD, served as a sort of lower bound across these cycles, with BTC never dipping below it. The CVDD, standing for Cumulative Value Days Destroyed, is an indicator created by Woo that derives from the popular Coin Days Destroyed (CDD) metric. A “coin day” is a quantity that 1 BTC accumulates after being dormant on the blockchain for 1 day. When a token dormant for some number of days is moved, its coin days reset back to zero and are said to be destroyed. The CDD measures the number of coin days being reset across the network in this manner. The CVDD goes a step further and attaches a USD value to each of these coin days, based on the BTC price at the time, and takes their cumulative sum. Additionally, it applies a normalization factor by taking the sum’s ratio with the total age of the market (in days). Related Reading: Bitcoin Unrealized Loss Hits 15% Of Market Cap—Still Below FTX Capitulation Levels Today, the Bitcoin CVDD is sitting at $45,500. If the pattern from the last few cycles is anything to go by, it’s possible that BTC could find a bottom somewhere between this level and the Realized Price at $54,200. That said, the analyst also added a caution, noting: Models use past behaviour… there’s only been 4 prior bear markets and they have been inside a secular bull market in risk equities. If that foundation collapses, we will be in uncharted territory (deeper bear). BTC Price Bitcoin has again failed to maintain its recovery as its price has slipped to the $67,200 mark. Featured image from Dall-E, chart from TradingView.com
The XRP price traded at around $1.30 on Monday as markets consolidated and Bitcoin (BTC) fought to hold above $67,000, but the calm belies meaningful downside risk if BTC revisits its key support at $60,000, according to market analyst Sam Daodu. Key Levels For XRP Price In his latest report, Daodu warns that XRP’s price action tends to amplify Bitcoin moves. He noted that this year the XRP price has behaved with roughly a 1.8-to-1 correlation to BTC’s declines. That means XRP is vulnerable to a steep retracement if BTC loses ground. Related Reading: XRP Nears Key Turning Point As Descending Wedge Tightens On XRP’s outlook, Daodu points to a sequence of support levels that could determine how far losses extend. The immediate floor is at about $1.28, where 443 million XRP have been accumulated by holders who have stepped in on dips. If that level breaks, buying interest thins, and the next material support is around $1.11 — the low seen in February. Beneath $1.11, Daodu identifies $1.00 as the next notable cushion for the XRP price, with a deeper support cluster near $0.82, which would mean a near 40% decline for the altcoin on top of current losses. The analyst asserts that once $1.28 gives way, a rapid slide to $1.11 could follow, and if that fails, a drop toward $1.00 or lower would be possible because there are few bids between those levels. What Could Push BTC Back To $60,000 Daodu’s scenario hinges on Bitcoin revisiting $60,000, a test he regards as the most important support for BTC so far this cycle. He cites macro drivers that could pressure Bitcoin, notably the conflict in Iran and elevated oil prices. “As long as oil stays above $100 and the war keeps escalating, Bitcoin stays under pressure,” he said, framing those geopolitical and commodity dynamics as key determinants of Bitcoin’s near-term path. Related Reading: Bitcoin Price Will Do A ‘Big Print’ If This Happens; Pundit Explains There are, however, events that could help decouple the XRP price from Bitcoin’s movements. Daodu highlights two potential catalysts: the passage of the long-anticipated CLARITY Act and renewed inflows into spot crypto exchange-traded funds (ETFs). Passage of the CLARITY Act would, in his view, create a legal framework enabling institutions to use XRP for settlement at scale. Likewise, sustained ETF inflows would produce consistent buying pressure that could support XRP’s price. At the time of writing, the XRP price was at $1.32, having recorded a 8% weekly loss, according to CoinGecko data. Featured image from OpenArt, chart from TradingView.com
The Bitcoin price could be on the verge of a major surge as new discussions from market watchers warn that the next big print from policymakers is inevitable. They point to key catalysts, including geopolitical tensions, banking stress, and more, that could trigger this move. Once it unfolds, Bitcoin is projected to explode in value, driven by adoption from both institutions and retail investors. Why Experts Say A Big Print Is Coming On March 29, LG Doucet, host at the crypto media company Milk Road, interviewed John Haar, managing director at Swan Private, on YouTube. During the discussion, Doucet asked Haar about the current market conditions that trigger another large-scale printing event. Related Reading: Crypto Trader Predicts Bitcoin Price Will Hit $100,000 Again When This Happens Haar noted that there have been two major prints in most people’s adult lives, the most recent occurring during the COVID-19 pandemic. He explained that at the time, many people began adopting Bitcoin as a monetary and fiscal response to the global crisis, likely seeing the leading cryptocurrency as a hedge against inflation. In the interview, Haar stated that “it’s only a matter of time before the next big print.” While he did not provide a specific date for when this could happen, the Swan Private managing director expressed confidence that a large-scale printing event is inevitable. Haar outlined nine catalysts that could trigger a potential big print. First, he pointed to a large-scale geopolitical war or military mobilization as a major factor. He emphasized, however, that the ongoing conflict between the US and Iran does not yet qualify as a big-print catalyst, unless the war escalates significantly. Another key catalyst, according to Haar, is AI-driven labor displacements, which he believes could lead to the passage of a substantial new spending bill. He also highlighted the risk of state budget collapses or the need for federal or private credit bailout. Additionally, Haar warned of potential pension system insolvencies and regional banking sector crises, similar to those seen in 2023 following the collapse of major banks such as Silicon Valley Bank. Looking ahead, Haar also highlighted other big print catalysts such as a structural expansion of entitlements, including Social Security, Medicaid, Medicare, and student loan forgiveness. Finally, he noted that a major climate event or natural disaster could trigger a big print. Haar emphasized that any of these scenarios, or a combination of them, could occur within the next 3 to 24 months. How This Affects The Bitcoin Price During the interview, Doucet asked how large-scale adoption could affect cryptocurrencies, specifically Bitcoin. Haar noted that during such events, adoption of Bitcoin rises as investors tend to allocate more to the cryptocurrency than to other asset classes. He noted that asset classes like real estate are slow to sell and are not easily traded, while private equity is harder to access. Related Reading: Bitcoin Last Line Of Defense Revealed: Can BTC Price Still Go To $40,000? For his long-term projection, Haar forecasts that Bitcoin could hit $1 million per coin between 2030 and 2035 regardless of a big print. He also noted that, over the next few years, institutional adoption of Bitcoin will be gradual but steady, likely driving its valuation upward. Featured image from Pixabay, chart from Tradingview.com
Bitcoin’s market sentiment has crashed by a large margin since hitting a new all-time high of $126,000 back in 2025. This drop in sentiment reflects how the broader cryptocurrency market has performed and how investors are now responding to the crypto market. The sentiment being this bad also carries some major implications for the Bitcoin price, especially since the sentiment is at its worst it’s ever been in over three years. Bitcoin Fear & Greed Index Crashes To 9 The Bitcoin Fear & Greed Index is an index that takes into account a number of factors across the crypto market and then creates an aggregate score to represent investor sentiment. This index goes from 1-100, representing sentiment from Extreme Greed to Extreme Fear. Related Reading: The Crowd Is Bearish On Bitcoin, But History Says That’s Bullish At each end of the spectrum, it shows whether investors are currently bullish or bearish on Bitcoin and the entire market. Naturally, Extreme Greed points to a time of peak bullishness and Extreme Fear points to a time of extreme bearishness; both serve their purpose to show how investors are moving. Currently, the Bitcoin Fear & Greed Index is sitting at a score of 9, according to alternative.me, which is a state of Extreme Fear. The interesting thing about this score is the fact that the index has not been this low since 2022. This means that the Bitcoin Fear & Greed Index just hit a new 3.5-year low. One major difference between the 2022 low and now is the fact that it was driven by notable events in the crypto industry. The most popular of these was the crash of the FTX crypto exchange, in which the resulting fallout sent the Bitcoin price below $17,000. Why This Could Be Good For The Market While periods of Extreme Fear often signify that there is a lot of bearishness among investors, these have historically been levels where the market has marked a bottom. This was the case back in 2022 following the FTX crash when the Bitcoin price reached its bottom. Over the next few months, the cryptocurrency’s price would begin to recover again. Related Reading: Bitcoin Last Line Of Defense Revealed: Can BTC Price Still Go To $40,000? The same trend played out back in 2019 as well, when the market entered a period of Extreme Fear. But as always, the bottom was marked at this level, and the Bitcoin price went on to rally to new all-time highs. Going by these past performances, the current fear dominating the market could suggest that a bottom is close. Featured image from Dall.E, chart from TradingView.com