Institutional interest continues to grow, but a stronger dollar and shifting interest rate expectations are keeping a lid on the latest rally.
Profit-taking by short-term Bitcoin traders accelerated the BTC drop below $70,000, but spot and futures traders may kickstart a quick recovery.
Data of the Bitcoin URPD shows a supply chasm exists between $72,000 and $81,000, potentially making resistance in the region relatively light. Bitcoin URPD Signals Air Gap Until $81,000 In a new post on X, analyst Ali Martinez has talked about how Bitcoin support and resistance levels are looking from the perspective of the UTXO Realized Price Distribution (URPD). This indicator tells us about the amount of supply that was last transacted or purchased at the various price levels that BTC has visited in its history. Related Reading: Bitcoin Spot ETFs See 14-Day Netflows Surge: Demand Returning? Below is the chart shared by Martinez that shows the URPD for Bitcoin as it currently stands. From the graph, it’s visible that the levels between $60,000 and $70,000 hold the cost basis of a notable amount of the supply. The $67,000 mark, in particular, has a huge value on the URPD. Earlier, the bearish price action had meant that Bitcoin slipped all the way to the $60,000 level. What had followed the decline was a consolidation period in the region below $70,000. As the price moved sideways here and trading occurred, supply saw repricing into levels falling inside the range, which is potentially why the region is now looking so dense on the URPD. This week, Bitcoin has finally seen a breakout above $70,000, meaning that it’s now past the dense zone. As is apparent from the chart, the nearby levels in the up direction only hold a relatively small share of the supply. Generally, when the market mood is bearish, investors in loss can react to surges to their acquisition level by exiting the market. They may do so fearing that the price rally is only temporary and that they could fall underwater again. Due to this, large levels of the URPD that are situated above the spot price can act as potential centers of resistance in the future. Since the $72,000 to $81,000 price range is relatively thin with supply right now, it may not provide too much resistance to Bitcoin. As the analyst explains, “if momentum builds, there is open air in that range.” For momentum to build, the support levels below might have to hold first. Just like how large supply zones above can provide resistance, those below can act as support cushions instead. This happens as investors accumulate more to defend their acquisition level. Related Reading: Bitcoin Surge To $74,000 Fueled By US Institutions, Coinbase Premium Signals As the Bitcoin market sentiment has been quite bearish recently, it remains to be seen whether dips into the supply cluster at $70,000 and below will be met with buying. BTC Price At the time of writing, Bitcoin is trading around $70,500, up 4% over the past week. Featured image from Dall-E, chart from TradingView.com
To stay in the game, rather than try to outlearn every new release, learn how to use AI to strengthen your finances and build a buffer against industry disruption, says Naja.
Bitcoin bounced back this week as stablecoin inflows surged, and DeFi faced fresh pressure from Aave governance strife, exploits and exchange security moves.
In a Cointelegraph interview, Arthur Hayes explains why global markets may not be pricing in a longer war in the Middle East, and what that may mean for energy prices, liquidity and Bitcoin.
Bitcoin’s recent break above $70,000 is leading to questions of whether this is the start of a new impulsive leg higher or just another stop in a longer bottoming process. Crypto analyst CrypFlow, posting on X, laid out a technical case for why Bitcoin may be in the early stages of forming a major cycle bottom and why October 2026 could mark the launchpad for the next full-scale bull run. The analysis is based on multi-year trendlines, cycle behavior, and the Stochastic RSI indicator. Bitcoin Is Respecting Trendline That Has Held Since 2018 Technical analysis of Bitcoin’s price action on the monthly timeframe shows that the leading cryptocurrency’s price action is still respecting a multi-year trendline that has quietly shaped Bitcoin’s biggest cycle lows. That ascending trendline connects the 2018 cycle bottom with the 2022 bottom and now appears to be acting as support again in 2026. Bitcoin’s current position is now sitting right on top of that structure. Related Reading: Bitcoin Just Flashed Death Cross That Has Led To Previous Bottoms, But What’s The Target? CrypFlow also pointed to a major horizontal zone that previously acted as resistance around the 2021 cycle top. That old ceiling around $69,000 is now being tested as support in the current price action. That kind of role reversal is very important for Bitcoin’s price action, because it shows the cryptocurrency may be trying to build a base at the intersection of that old resistance band and the rising trendline. If Bitcoin manages to stay above the current zone near $69,000 without falling to the $50,000 region, it would mirror the structure seen at the 2022 bottom. That low formed at a similar confluence where the rising trendline met the previous cycle’s resistance from the 2017 peak. Timeline For A New Bull Run Price levels get all the attention. Time gets almost none, and according to CrypFlow, that is precisely where most people are getting this cycle wrong. The analyst pointed to the Stochastic RSI to track how long this indicator has spent below the zero line during each major bear market cycle, and the historical pattern is striking in its consistency. Related Reading: Analyst Says It’s Time For Bitcoin, But What’s Important About $58,000? In the 2018/2019 cycle, the Stochastic RSI spent approximately 365 days below zero before Bitcoin mounted its real reversal and the next bull market began. The same held true in the 2022/2023 bear market cycle, where Bitcoin spent roughly one full year below zero before the sustained recovery kicked in. This cycle, however, Bitcoin’s Stochastic RSI has only been below zero for around 120 days. Putting it all together, this opens up a scenario where Bitcoin forms a double bottom later this year, likely around October 2026, before the next major bull run begins. This doesn’t necessarily mean Bitcoin is about to crash further. What it does suggest, according to CrypFlow, is that the price action hasn’t completed the slow, grinding work that true cycle bottoms are built on. Featured image from Pngtree, chart from Tradingview.com
The penalty underscores the critical need for robust system safeguards to prevent costly disruptions in financial markets.
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Coinbase Financial Markets will provide 24/7 access to over 20 futures contracts as the exchange expands its prime brokerage offering.
The bill legally formalizes oversight over Pakistan's crypto industry, sanctions compliance and anti-money laundering regulations.
Stress in the $3.5 trillion private credit market could ripple into digital assets through both macro contagion and tokenized credit markets, experts warn.
BitGo CEO Mike Belshe discusses institutional adoption of crypto, market structure, and how infrastructure companies are shaping the future of digital assets.
Kalshi faces a class action over a $54M prediction market on Iran Supreme Leader Ali Khamenei leaving office.
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The new onchain trading engine from the xStocks platform enables trading of more than 70 tokenized equities across Ethereum and Solana.
The crypto exchange responded to a Senate inquiry over sanctions by claiming that “no Binance account transacted directly with an Iran-based entity.“
This dispute highlights the need for clear licensing in DeFi, potentially impacting collaboration and innovation in the crypto space.
The post Curve Finance accuses PancakeSwap of copying stableswap code without permission appeared first on Crypto Briefing.
Chainlink (LINK) is approaching a critical technical moment as price pushes back toward a key resistance zone while the broader chart structure signals growing pressure beneath the surface. After months of tight consolidation and repeated rejections near the same level, the market is now watching closely for a decisive breakout. $9.55–$9.60 Resistance Zone Remains the Key Barrier Chainlink has once again pushed back into the critical resistance zone between $9.55 and $9.60, a range that has historically acted as a significant ceiling for the asset. According to crypto analyst Cipher X, this area has already rejected price action in previous attempts, creating a persistent barrier that bulls have struggled to overcome. Related Reading: Analyst Says Chainlink Price Could Crash 50% If This Level Fails The current technical setup shows Chainlink ranging just beneath this resistance, lacking the necessary momentum to force a breakout. Cipher X emphasizes that a clean break and a sustained hold above the $9.60 level are required. Without this decisive shift in market structure, the asset remains trapped in a consolidatory phase, vulnerable to exhaustion. If the $9.60 level is successfully breached and flipped into support, the outlook becomes bullish. In this scenario, Cipher X expects a swift upward move targeting the $9.90 to $10.20 range. However, the risk of rejection remains high given the history of this zone. If the price continues to fail at the $9.60 mark, a retracement is the most likely outcome. Cipher X suggests that a pullback toward the $9.00–$8.80 liquidity zone would not be surprising, as the market would likely seek a deeper floor to gather the strength required for another attempt at the resistance. Multi-Year Consolidation Signals A Major Chainlink Setup Bitcoinsensus highlighted that Chainlink is currently experiencing strong monthly range compression following its previous expansion cycle. The asset has been locked in a broad consolidation phase for several years, a structure that often appears after a major bullish run as the market cools off and prepares for the next long-term move. Related Reading: Chainlink On Standby: A Big Move Is Loading, But Bitcoin Decides At the moment, price action has returned close to the lower boundary of this multi-year range, an area that historically acts as a key demand zone where buyers tend to step in. Given this positioning, the next major move for LINK will likely depend on how the market reacts around this level, making the range resolution especially important. According to the analysis, what matters most now is whether the price reclaims higher levels within the range or accepts trading below it. Extended periods of consolidation like this often precede powerful trend moves, but clear confirmation is still required before a sustained breakout or breakdown can be expected. Featured image from Freepik, chart from Tradingview.com
The planned investments represent a sliver of its gold and foreign exchange reserves.
Oil tops $90 as Middle East tensions escalate, raising fears of global supply disruptions, pushing risk assets lower.
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CleanSpark produced the most bitcoin among the three miners in February, while Cango and BitFuFu combined added more than 680 BTC.
Kraken secures Fed payment access, MARA clarifies its Bitcoin treasury plans, Fold cuts $66M in debt, and analysts say NYSE tokenization could attract institutions.
It is one of the oldest questions in crypto: when prices fall and the headlines turn ugly, where does anyone actually make money? For Asheesh Birla, founder of Evernorth and a former senior figure at Ripple, the answer during the current downturn has a simple starting point: XRP. XRP is the third-biggest digital currency by …
A Polymarket account bearing George Cottrell’s name made multiple geopolitical bets, amid growing scrutiny over prediction markets.
Binance's response highlights the increasing regulatory scrutiny on crypto exchanges, emphasizing the need for robust compliance measures.
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The list of altcoin-based spot exchange-traded funds grows longer with the addition of 21Shares' TDOT Polkadot ETF.
KuCoin must stop offering its services in Dubai, the emirate's crypto regulator said this week, as it is not appropriately licensed.
Blumenthal, a top Democrat on an investigative panel within the Senate Homeland Security Committee, opened a Binance inquiry last month.
Bitcoin’s derivatives market is showing where the next major price reactions could occur. A liquidation map tracking leverage positions on the Binance BTC/USDT perpetual market highlights clusters of highly leveraged trades positioned above the current market price. This arrangement provides clues about how the next Bitcoin price move could unfold, how much short traders can be liquidated in the next sweep, and what could probably happen after. Massive Short Liquidation Wall Sits Around $71,800 Bitcoin has spent the past 24 to 48 hours trading above $70,000, offering an early glimpse into how price action may unfold for the leading cryptocurrency throughout March. Interestingly, technical analysis of the BTC liquidation heatmap on Binance, which was posted on X by crypto analyst Sherlock, shows clusters of highly leveraged trades positioned just above the current market price. This is notable to watch, as clusters often influence price direction because markets tend to move toward zones where large volumes of forced liquidations can occur. Related Reading: Analyst Says Bitcoin Price Bottom Hasn’t Happened Yet, Gives Timeline To Expect Reversal The most prominent liquidity target revealed by the chart is around $71,800, where a dense concentration of short liquidations has formed. This area is dominated by extremely high leverage positions, particularly 50x and 100x leverage, which shows that many Bitcoin traders are heavily positioned on the assumption that Bitcoin will fail to reclaim above $72,000. As shown in the Coinglass liquidation chart below, the vertical liquidation bars around $71,000 to $72,000 are significantly larger compared to surrounding levels. This shows a buildup of short positions that would be forced to buy back Bitcoin if the market rises into that zone. A move to that level could therefore lead to a chain reaction of liquidations, which in turn would contribute to a move upward as short positions are closed. BTC/USDT Liquidation Map. Source: @Sherlockwhale On X What Happens After The Liquidity Sweep? After the $71,800 level, the structure of the liquidation map changes noticeably. The bars on the chart become thinner across the $72,000 to $76,000 range, and the cumulative liquidation curve flattens. This means that once the initial wave of short liquidations is triggered, there may not be enough additional liquidation fuel to sustain a prolonged rally. Related Reading: Bitcoin Pattern Memory Predicts The Bottom, And It’s Below $40,000 According to Sherlock, that forced buying from liquidated shorts could carry Bitcoin from $71,800 to $75,000, but extending the rally beyond that point would need real buyers and organic demand. Not forced buying. At the time of writing, Bitcoin is trading at $70,500. The leading cryptocurrency faced sustained downward pressure throughout most of February, although signs of gradual spot accumulation are beginning to appear, and this could support a steady rally in March. If new buyers fail to support the price after liquidity at $76,000 is taken, then the price could quickly lose upward momentum. In that case, the price could fall straight back below $60,000. Featured image created with Dall.E, chart from Tradingview.com
The dual impact of rising oil prices and weak job data heightens stagflation fears, challenging the Fed's policy response and market stability.
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The sharp move higher triggered heavy profit-taking from short-term holders, data shows.