The crypto market’s fear gauge hit 15 — deep inside “Extreme Fear” territory — yet the biggest Bitcoin holders quietly moved in the opposite direction. Related Reading: Strategy’s Bitcoin Bet Now $3.35 Billion In The Red As Saylor Tells Investors To Wait Whale Wallets Grow Their Share Of Total Bitcoin Supply According to crypto analytics platform Santiment, wallets holding between 10 and 10,000 BTC increased their collective share of total supply to 68% last week, up from 68% seven days prior. Whales were not buying blindly. Santiment disclosed the accumulation happened as Bitcoin held steady around $71,000 — a price level that large holders appear to have treated as an entry point worth acting on. While that shift may look small on paper, Santiment flagged it as a meaningful directional change after weeks of selling pressure. Bitcoin was trading around $71,470 at the time of the report, up about 6% over the prior week. Source: Santiment The timing stands out. Just over a week earlier, whale behavior told a very different story. Reports indicate that in the two days leading up to March 6, large wallet holders had offloaded 65% of the Bitcoin they accumulated between February 23 and March 3 — a mass exit that coincided with Bitcoin briefly touching $74,000 before pulling back. A Bottom Signal That Depends On What Retail Does Next Santiment says the renewed accumulation by large holders is encouraging, but the picture isn’t complete yet. What analysts are watching now is whether everyday investors — those with smaller wallets — start trimming their holdings. Data shows that historically, Bitcoin has tended to hit its floor not when big money walks away, but when ordinary buyers give up and sell. “Markets rarely reward the majority consensus immediately,” Santiment said in its weekly report. If retail participation stays elevated or keeps climbing, analysts say that could signal more downside ahead rather than a recovery. That caution is reinforced by on-chain analyst Willy Woo, who recently said Bitcoin remains “solidly in the middle of its bear market” when viewed through a long-range liquidity lens — a read that cuts against any near-term optimism. Related Reading: Bitcoin Climbs Back To $73,000 As Short Squeeze Wipes Out $246M In Futures Bets ETF Inflows Offer A Counterpoint To Bearish Sentiment Not everything in the market is pointing down. US spot Bitcoin ETFs posted their first five-day inflow streak of 2026, pulling in roughly $767 million across the week. That kind of sustained institutional interest is harder to dismiss, and it adds a layer of complexity to what is otherwise a cloudy short-term outlook. Whether whale accumulation marks the start of a sustained recovery or just a brief pause in a longer slide will likely depend on how retail investors behave in the days ahead. Santiment says it wants to see small wallet holdings decline while large wallet positions continue rising — the classic pattern of coins moving from uncertain hands into more committed ones. For now, that shift has started. Whether it holds is another question. Featured image from Shutterstock, chart from TradingView
The blockchain co-founder said the goal is to make the "self-sovereign" method of Ethereum users running their own nodes a user-friendly experience.
Bitcoin is outperforming equities and gold since the Middle East conflict began, as institutional inflows return while broader market sentiment remains cautious.
Washington has spent years talking about a US CBDC as a distant possibility. It was an abstract policy idea, safely contained inside white papers and partisan messaging. But then the Senate put a number on it and made it very real. On March 2, senators voted 84-6 to invoke cloture on the motion to proceed […]
The post The six senators who voted against the March digital dollar ban: Johnson, Lee, Murphy, Scott, Tuberville, and Van Hollen appeared first on CryptoSlate.
Bitcoin’s recent price action may be showing its first signs of relief as a closely watched indicator tied to US demand has just changed direction. The Coinbase Premium Gap has moved back into positive territory following nearly 10 weeks of persistent negative readings, a stretch that coincided with Bitcoin’s decline from around $95,000 to below $65,000 in February. Coinbase Premium Turns Positive The Coinbase Premium Gap, which measures the price difference between Bitcoin on Coinbase, the primary exchange for US-based institutional and retail investors, and its price on offshore platforms such as Binance, stayed in negative territory for the entirety of Bitcoin’s correction from $95,000 to the mid-$60,000 range. Related Reading: Bitcoin Climbs Back To $73,000 As Short Squeeze Wipes Out $246M In Futures Bets Whenever the Coinbase Premium Gap is negative, it usually means that traders in the United States are selling Bitcoin at a faster pace than buyers are stepping in. A positive gap indicates the opposite dynamic of demand from US investors pushing Coinbase prices higher relative to the price in the global market. Notably, the metric entered a sustained negative zone on January 1 and held there through March 7, which is a period during which US spot demand was largely absent among crypto investors At its worst, the gap reached -175 on February 2, coinciding with the most severe phase of Bitcoin’s price crash. At the time of writing, the Coinbase Premium Gap has now turned positive, registering a reading of +25.4 according to data shared by CryptoQuant analyst @IT_TECH_PL. The reversal of the Coinbase Premium Gap from a low of -175 to a positive reading is the first step in a meaningful change in market structure. Chart Image From X. Source: @IT_TECH_PL The current reading, while still early and modest relative to the depth of the prior negative regime, is the first consistent sign that American spot demand may be returning to Bitcoin. It shows that those same participants may be slowly accumulating Bitcoin again compared to the rest of the world. However, the broader structure of Bitcoin’s price action still leaves room for further downside before the formation of a definitive bottom. Bitcoin Could Still Drop To $50,000 Before Bottom Although a few on-chain signals are slowly turning constructive, a few analysts are cautious before declaring the broader correction over. A technical analysis from crypto analyst Ted Pillows points to a longer-term technical indicator that has always coincided with Bitcoin bottoms. According to his observation, the last two major bear-market lows occurred below the 300-week exponential moving average (300W EMA). In both cases, Bitcoin fell more than 15% beneath the indicator before the final bottom was established. Bitcoin Price Chart. Source: @TedPillows On X Related Reading: Strategy’s Bitcoin Bet Now $3.35 Billion In The Red As Saylor Tells Investors To Wait Bitcoin’s 300-week EMA is currently around $57,100. Applying the same pattern would imply a possible move to around $50,000, which would represent a decline of roughly 15% below the indicator. Nonetheless, this projection does not guarantee that Bitcoin will revisit that level before forming a bottom. Featured image from Pexels, chart from TradingView
The race for the "everything exchange" makes Wall Street operators and crypto exchanges rivals and partners at the same time.
Bitcoin edged toward an important weekly close above $70,000 that would include a reclaim of an important 200-week trend line.
During the Iran conflict, gold attracted safe-haven demand, while Bitcoin’s reaction reflected liquidity conditions and broader market sentiment rather than acting as a classic crisis hedge.
After another failed attempt at breaking the $74,000 resistance, the Bitcoin price continues to hover around the psychological $70,000 level, with very little — if any — momentum to boast of. Some analysts expect this price level to serve as a rebound point for the flagship cryptocurrency; however, data from a recent on-chain evaluation implies that the Bitcoin market might still see a final shake-off before the real move begins. Historic MVRV Z-Score Comes In Sight — What This Means For Price In a March 14 post on X, popular market analyst Ali Martinez put forward an interesting on-chain outlook on the Bitcoin price, showing the flagship cryptocurrency might soon establish a local price bottom. This hypothesis is based on readings obtained from the Bitcoin MVRV Z-Score metric. Related Reading: On-Chain Data Shows Why Bitcoin’s Next Stop Could Be At $82K For context, the MVRV Z-Score metric measures whether Bitcoin is either undervalued or overvalued by comparing its market value to its realized value. When the MVRV Z-Score enters negative territory, it indicates that the Bitcoin price has become significantly lower than the average cost basis of holders. According to Martinez, there have been historical occurrences where the Bitcoin Z-Score reached a -0.262 reading, followed by a decisive rebound of the BTC price. As shown in the chart below, these occurrences were during the 2015, 2019, and 2022 cycle lows — all of which preceded the start of sustained bullish trends. If historical patterns continue to hold — as it has thrice held — the recent approach of the -0.262 level could be a sign that Bitcoin might soon reach a level where active accumulation becomes the trend. However, it is worth noting that the Z-Score is still somewhat far from the pivotal level, as it currently stands near 0.469. For this reason, it is reasonable to expect prices to head further south before reaching the expected Z-Score level. In a scenario where this Z-Score is reached, it is also important to note that an immediate trend reversal is not promised. This is because, in the past cycles (per MVRV data), the Bitcoin price spent weeks — sometimes, months — establishing solid grounds, before finally making its major move. Hence, the scenario might occur similarly if the Z-Score falls to that level. Bitcoin Market At A Glance As of this writing, BTC is valued at around $71,480, reflecting an over 1% price increase in the past 24 hours. According to data from CoinGecko, the price of Bitcoin is up by more than 6% on the weekly timeframe. Related Reading: Solana Key Indicator Flashes First Bullish Signal Since January – Market Rebound Incoming? Featured image from iStock, chart from TradingView
Bitcoin entered the weekend hovering near $71,000, well off the previous week's spike above $74,000, but far below the highs it touched at the beginning of the year. On price alone, the market looks pretty composed. However, underneath, its structure looks much less comfortable. Data shows spot activity fading while derivatives keep doing more of […]
The post Bitcoin’s $71k rally has a problem most traders aren’t watching appeared first on CryptoSlate.
Hougan says bitcoin could reach that milestone if it captures a larger share of the global store-of-value market, though analysts say it would likely take years of institutional adoption and macro shifts.
Forensic analysis of lobbyist Mauricio Novelli’s phone reportedly uncovered a draft document outlining a $5 million payment tied to Argentina's president's promotion of the Libra token.
The next trillion-dollar payments network won't have a checkout page. No card number, no CVV, no human at the keyboard. Just machines paying machines, thousands of times a second, for fractions of a cent.
On Mar. 12, the Commodity Futures Trading Commission (CFTC) issued a staff advisory telling exchanges to tighten surveillance on event contracts. Simultaneously, the regulator opened a 45-day rulemaking process that asks pointed questions about inside information, manipulation, and whether some markets serve the public interest at all. Two weeks earlier, the agency had spotlighted two […]
The post The CFTC starts crackdown on the growing insider problem in prediction markets appeared first on CryptoSlate.
Valory co-founder David Minarsch says autonomous agents running on the Olas protocol are giving retail traders a 24/7, strategy-driven edge on platforms like Polymarket.
According to the latest on-chain data, Ethereum appears to be entering a state of undervaluation, with the potential of rebounding to new highs. However, the question is — is it really time to buy ETH? ETH Could Drop Another 40% Before Bear Cycle Ends In a new Quicktake post on the CryptoQuant platform, crypto analyst Burak Kesmeci shared that Ethereum, the second-largest cryptocurrency by market cap, is starting to become relatively cheap. The relevant on-chain indicator in this observation is the MVRV (Market Value to Realized Value) ratio, an indicator that compares a coin’s market cap and its realized cap. Related Reading: Strategy’s Bitcoin Bet Now $3.35 Billion In The Red As Saylor Tells Investors To Wait Typically, the MVRV ratio offers insight into how the value the investors (of Ethereum, in this case) hold (the market cap) measures against the value they put in (the realized cap). When the value of this ratio is greater than one, it means that more investors are in profit at the moment. On the flip side, a lower-than-one ratio suggests that holders are currently underwater. Typically, high MVRV values are considered cycle top signals, while a low ratio indicates that the cryptocurrency has either reached or is close to a bottom. According to Kesmeci, the Ethereum MVRV is currently at 0.9, meaning that ETH might be getting undervalued. However, Kesmeci mentioned that while Ethereum is indeed cheap, there is still a chance the altcoin gets cheaper from its current price point. To explain this point, the analyst highlighted the Realized Price Bands metric, noting that the ETH price has often gravitated toward the green band (the Realized Price lower band) in bear cycles. According to data from CryptoQuant, the green band currently sits at around $1,152, suggesting a potential further downturn of over 40% from the current price point. Kesmeci added: So yes, MVRV at 0.9 confirms ETH is getting cheaper. But the chart also clearly shows that MVRV has a habit of pushing down to 0.5 and below during full bear cycles. The Realized Price Bands confirm the same picture. Ethereum can dive into much colder waters from here. In summary, the Ethereum price is at risk of further downside from its current price point, despite being nearly 60% down from the current cycle high. Prediction Market Bets On Ether Losing No. 2 Crypto Spot According to an ongoing prediction market on Polymarket, Ethereum is being projected to lose its position as the second-largest cryptocurrency. The odds of the altcoin getting flipped rose to as high as 57% on the prediction market platform on Saturday. As of this writing, the Ether token is valued at around $2,090, with a market capitalization of over $253.1 billion. According to CoinGecko, the closest cryptocurrency (excluding stablecoins) to ETH is BNB, with a market capitalization of over $89 billion. Related Reading: Bitcoin Fails To Break $74,000 Resistance: Analyst Predicts ‘Structural Bottom’ Yet to Form Featured image by DALL-E, chart from TradingView
Regulatory uncertainty around stablecoins may disadvantage banks, as crypto firms continue expanding while financial institutions wait for clearer rules.
Gareth Soloway, chief market strategist at VerifiedInvesting.com, is doubling down on his short-term bullish thesis for crypto, and the charts he is looking at are telling a story that most of the market is missing. While the S&P 500 slides, Bitcoin is green. That divergence, he says, is the most important signal in the market …
Prominent analyst Darkfost shares that Bitcoin remains a long time away from establishing a new all-time high (ATH), despite an ongoing market correction that has lasted over five months. The market expert also discusses the role of halving events following a major cyclical change. Related Reading: Bitcoin Probes $73,000 Liquidity Pocket: Is The Next Leg Toward $80,000 Loading? Bitcoin In Early Stages Of Bear Market – Analyst On October 6, 2025, Bitcoin notably recorded its present ATH of $126,100. Since then, the leading cryptocurrency has experienced multiple significant price pullbacks, forming a bear market. According to Darkfost in an X post on March 14, this corrective phase has only lasted 159 days, which may appear longer to investors, especially considering the price swings recorded in this period. However, historical data suggests the current downturn may still be relatively early when compared to previous market cycles. Looking at the time intervals between earlier ATHs and the next cycle peaks indicates that Bitcoin typically takes several years to establish a new record high. For instance, during the 2017 market cycle, it took 1,180 days for Bitcoin to reach a new ATH after the prior peak. In leading to the 2021 cycle all-time high, the market required 1,093 days before another record high was recorded. In comparison, the most recent cycle in 2025 saw a shorter interval of 849 days before Bitcoin climbed to its latest peak. Despite these long recovery periods, one notable positive trend is that the time between new all-time highs appears to be gradually decreasing, suggesting Bitcoin is developing into a mature asset. Related Reading: Why The XRP Price Might Crash To $0.87 Before The Bear Market Ends Bitcoin Halvings And ATH Historically, the halving event has always been a forerunner to a new all-time high (ATH). However, the launch of the Bitcoin spot ETFs altered this arrangement during the 2025 cycle when Bitcoin rose above the 2021 ATH of $69,000 in March 2024, prior to the halving event in April 2024. Notably, Darkfost opines that the establishment of a new ATH has never depended on the Bitcoin halving, as he believes this event always occurred when the bear market had ended. Nevertheless, the halving event remains important to the Bitcoin market and ecosystem because it reduces mining rewards every four years. This is a key component of the Bitcoin system that allows the asset to continue to serve as a hedge against inflation, particularly against the consistent redistribution of profits by miners. At press time, Bitcoin trades at $71,429, reflecting a 6.91% gain in the past week. Featured image from Unsplash, chart from Tradingview
Only a few crypto tokens will experience price rallies and asymmetric upside, while broad altcoin market rallies are a thing of the past.
The Ethereum Foundation has completed a direct sale of 5,000 ETH to BitMine Immersion Technologies, the publicly traded treasury firm chaired by Fundstrat’s Tom Lee, in an over-the-counter transaction valued at $10.2 million. The transaction comes at a time when large investors appear increasingly comfortable accumulating Ethereum during the current price range, with on-chain data showing several large wallets quietly building major ETH positions in recent days. Related Reading: DOJ, Europol Freeze $3.5M In Crypto After Dismantling Global Proxy Fraud Network BitMine Continues Ethereum Buying Strategy According to a recent announcement, the Ethereum Foundation sold 5,000 ETH worth roughly $10.2 million directly to BitMine Immersion Technologies, a publicly traded crypto treasury company chaired by Fundstrat’s Tom Lee. The sale cleared at an average price of $2,042.96 per ETH, and according to the Ethereum Foundation, the proceeds are earmarked to support the Foundation’s operations, including protocol research and development, ecosystem grants, and community funding. The Foundation confirmed that the on-chain transaction would originate from an EF Safe multisig wallet and is part of its ongoing treasury management activities. Interestingly, this is not the first time the Ethereum Foundation is selling to a corporate Ethereum holding company. Back in July 2025, the Foundation sold 10,000 ETH to SharpLink Gaming at an average price of $2,572, a deal worth $25.7 million. Ethereum is currently down by almost 60% from its 2025 all-time high of $4,946. However, BitMine has maintained its buying program and is taking advantage of the low prices in anticipation of a rally. BitMine’s purchase from the Ethereum Foundation fits into a much bigger accumulation campaign that began when the company adopted an Ethereum treasury strategy in mid-2025. Since pivoting away from its previous focus on Bitcoin mining, BitMine has quickly built one of the largest institutional ETH reserves in the world. Recent disclosures show the company now holds more than 4.53 million ETH, representing about 3.7% of Ethereum’s total circulating supply. Ethereum Whales Step In To Accumulate At Current Prices Large institutional treasuries are not the only entities accumulating Ethereum. On-chain data shows that several individual whales have also been building significant positions over the past few days. Data shared by the on-chain analytics tracker EyeOnChain shows that a wallet identified as ‘0x8E34’ has been steadily withdrawing Ethereum from exchanges since March 11. The whale recently added 6,413 ETH worth about $13.83 million, bringing its total accumulation to 80,157.67 ETH in just four days. Interestingly, the position is already showing an unrealized profit above $980,000. Related Reading: $100K Bitcoin? Prediction Market Odds Climb To 40% Another large buyer was identified by the on-chain analytics platform Lookonchain. According to the data, a wallet labeled 0x743d recently spent 3.79 million USDT to acquire 1,827 ETH. Over the past four days, this same whale has reportedly spent $24.79 million to purchase 11,985 ETH, with an average entry price of about $2,068 per ETH. Featured image from Yellow.com, chart from TradingView
The Ethereum Foundation completed a $10.2 million OTC sale of 5,000 ETH to BitMine as part of its treasury management strategy to fund operations and ecosystem development.
Over the last day, Bitcoin prices have remained within the $70,000 – $72,000 region, recording no significant movement. This market calmness comes after the premier cryptocurrency’s initial breakout above the $70,000 resistance during the past week, before prices retraced. With Bitcoin now sustaining a price move above the former $70,000 barrier, on-chain data has identified the multiple key levels that deserve investors’ attention in analyzing the next major price move. Related Reading: Bitcoin Probes $73,000 Liquidity Pocket: Is The Next Leg Toward $80,000 Loading? Bitcoin Bulls Eye Return To $95K Region, But Key Resistance Awaits In an X post on March 14, seasoned analyst Ali Martinez states that Bitcoin confronts a major price barrier at the $73,726 price point, according to data from Glassnode’s MVRV Pricing Bands. For context, these bands represent a common valuation framework derived from the MVRV Ratio, and used to assess whether Bitcoin is undervalued, fairly valued, or overvalued relative to the cost basis (realized price) of investors. Notably, Bitcoin presently trades around $71,600 below the -0.5 band, a notable support level in bull markets, that presently aligns with the $73,726 price level. According to Ali Martinez, if Bitcoin can decisively reclaim this level, it would boost bullish sentiments and potentially initiate a price surge to around $95,894, which currently represents the mean band and is considered the fair market value for Bitcoin. If market demand is sustained, Bitcoin could continuously rise to the +0.5 band at $118,062, which would represent a strong zone for bullish expansion. However, investors should start exhibiting caution once prices reach the +1.0 band at $140,229, which is considered an extreme overvaluation zone. At this point, Bitcoin is considered far above its fair value and realized price, triggering a high possibility of a pullback via profit-taking. On the other hand, a price rejection at $73,726 could force a price drop to around the realized price at $54,703, representing a potential 25% decline. Related Reading: Bitcoin Crash Far From Over? Analyst Shares How Painful Bear Markets Can Get Bitcoin Market Overview At press time, Bitcoin is valued at $71,626, following a minor 0.81% gain in the past 24 hours. However, daily trading volume is also down by 59.36%, suggesting that market participation has recently declined. On the larger timeframes, weekly and monthly gains of 5.08% and 8.35%, respectively, indicate significant price gains in the last few weeks. Coupled with the revival of the Bitcoin spot ETFs market, the premier cryptocurrency may be gathering momentum for full-scale recovery. But it remains early to tell. Featured image from Unsplash, chart from Tradingview
Santiment says the recent uptick in Bitcoin whale accumulation is a "positive reversal," and the platform is watching for retail selling to confirm a potential market bottom.
Pi Network just marked its seventh official anniversary with one of the most significant product releases in its history. On Pi Day 2026, the team unveiled a wave of new features that move the project meaningfully closer to the utility-driven ecosystem it has been building toward since 2019. This is not a roadmap update. These …
Each escalation in the Iran conflict has been larger than the last, but each bitcoin drawdown has been getting smaller.
Ethereum is tightening below a critical $2,149 resistance level, building pressure as bulls and bears jockey for control. A decisive breakout above this zone could trigger strong momentum, potentially sending the price toward the next major resistance near $2,750. A Test Of The Key $2,149 Resistance Ethereum is currently testing the $2,149 resistance level. According to insights from Bitcoin Meraklısı, this threshold represents a significant pivot point for the asset’s near-term trajectory. A successful breach and consolidation above this mark would likely act as a catalyst, providing the necessary technical clearance for the price to gain substantial upward momentum. Related Reading: Ethereum Price Pushes Higher as Bulls Fuel Market Optimism While an intermediate resistance zone exists around the $2,380 level, it is not currently viewed as a formidable barrier. Instead, it is expected to serve as a temporary pause or a minor consolidation point rather than a definitive reversal zone. The primary objective for bulls following a sustained breakout is situated near the $2,750 mark. This area represents the first zone of heavy supply and historical resistance that could challenge the prevailing trend. Reaching this level would mark a significant recovery phase, aligning with the broader bullish expectations outlined in recent technical assessments. For those seeking deeper structural clarity, a comprehensive Elliott Wave analysis is considered. This framework provides the underlying wave counts that support the current price targets, with hopes that the market structure produces a favorable outcome. Ethereum Hits First Micro Support Zone In a recent update, More Crypto Online noted that Ethereum has moved into its first micro support zone, mirroring a similar development to Bitcoin. While the presence of support is encouraging, the pullback has been sharper than expected and does not resemble a typical wave 2 correction, leaving the overall market structure somewhat uncertain. Related Reading: Ethereum Rising Wedge Warning: Breakdown Could Send Price Toward $1,500 This sharp retracement raises questions about the sustainability of the current bullish trend. Unlike a normal corrective wave, which tends to be shallower and orderly, Ethereum’s move suggests that selling pressure is stronger than usual, and buyers are testing their conviction at this level. In this context, the market still has the potential to extend lower toward the $1,820 region. Such a scenario would indicate a deeper retracement is underway, challenging both short-term and intermediate support zones. The first signal that this bearish scenario could gain credibility would be a sustained break below the red support line highlighted on the chart. A decisive close below this level would represent the initial structural break and could pave the way for further downside, altering the current outlook for Ethereum in the near term. Featured image from Freepik, chart from Tradingview.com
The SEC's dismissal may embolden blockchain innovators but raises concerns about regulatory clarity and investor protection in decentralized finance.
The post SEC drops fraud case against BitClout founder Nader ‘Diamondhands’ Al-Naji appeared first on Crypto Briefing.
While many in the industry believe stablecoin rewards are the only sticking point for the US CLARITY Act, a crypto executive said more obstacles could appear.
The Bitcoin price has not particularly impressed over the past two weeks, but it appears to have steadied its movement within a clear consolidation range. In its latest attempt to shine, the premier cryptocurrency faced fierce resistance around $74,000 on Friday, March 13. Interestingly, the latest on-chain data suggests that the $74,000 resistance might not be the barrier it appears to be. According to a prominent crypto analyst on the social media platform X, the Bitcoin price seems to have a free runway to return to above the $80,000 mark. BTC Price Has Free Runway To $82,000: Analyst Market pundit Ali Martinez took to the X platform to share an on-chain insight into the Bitcoin price movement over the coming weeks, with a return to around $82,000 looking more likely with no obstacles. This on-chain observation is based on the UTXO Realized Price Distribution (URPD) metric, which shows the next relevant levels for BTC. Related Reading: Ethereum Whale Loads Up $152M In ETH In Three Days — How Much More Will He Buy? The URPD metric shows how critical a price level is by tracking the volume of cryptocurrency purchased at a specific level. This is because the capacity for a Bitcoin price level to function as a support or resistance zone usually depends on the number of BTC investors who have their cost basis at the given level. Typically, price levels below the current spot value with substantial buying activity are often considered major support regions. Meanwhile, levels above the current price with significant investor cost bases usually function as major resistance areas. According to Martinez, the Bitcoin price has entered a low-resistance region, with barely any obstacles in its way until around $82,045. This puts into question the rejection recently faced around the $74,000 mark, which has insignificant investor activity per the UTXO Realized Price Distribution metric. A move to this next major on-chain resistance would mean an over 17% surge from the current price point, with an upward movement of that magnitude not seen so far this year. However, if the Bitcoin price doesn’t find the bullish momentum necessary to spur a rally toward the $82,000 mark, the next major support cushion sits at around $66,898. Ultimately, it appears that Bitcoin price might be looking to expand its consolidation range, with $82,000 as the potential upper boundary. Bitcoin Price Overview As of this writing, the price of BTC stands at around $70,820, reflecting a mere 0.5% jump in the past 24 hours. According to data from CoinGecko, the flagship cryptocurrency is up by more than 3% in the past seven days. Related Reading: Charles Edwards Says Bitcoin Is In A Value Zone, But Not Yet At Deep Value Featured image from DALL-E, chart from TradingView