On 14 March 2026, analysis showed that Bitcoin long-term holders spent about 15.1 million BTC in the 2025 cycle, less than the 15.3 million BTC recorded in 2021. Large internal transfers by Coinbase and growing holdings by spot ETFs and corporate treasuries are reshaping long-term holder metrics and may be dampening peak-cycle selling pressure.

Former UK Prime Minister Boris Johnson recently wrote in The Daily Mail that he had long feared Bitcoin was a Ponzi scheme and now believes those fears are confirmed. He argued that BTC lacks intrinsic value, relies on the "greater fool" dynamic, and depends on new investors, even suggesting collectibles like Pokémon cards could be superior investments. However, investigations and economists have concluded that Bitcoin does not fit the formal definition of a Ponzi scheme, emphasizing the absence of a central operator and guaranteed returns.

On March 13, 2026, Robert Kiyosaki used social platform X to warn of what economist Jim Rickards calls a "New Depression" and mounting stress on major banks and private credit funds. In response, he said he is expanding his exposure to gold, silver, oil, Bitcoin, and Ethereum as he expects capital to move away from traditional financial institutions.

Bitcoin climbed 4% on Friday to retest the $74,000 resistance level before pulling back to around $72,215 near the top of its consolidation range. According to analyst Sunny Mom, on-chain indicators such as the 6–12 month holder cohort's losses, an MVRV ratio near 1.2, and a low long-term holder share of Realized Cap suggest the market remains in a stress phase without a firm structural bottom. She outlines scenarios from a sharp capitulation drop to an extended trading band between $60,000 and $80,000, with volatility expected inside the $60,000 to $70,000 zone.

On 13 March, Bitcoin climbed to $73.9K after spot ETFs recorded 570 BTC of positive inflows valued at $41.9 million, before sellers pushed the price back towards $70K. Bitcoin's funding rates have mostly been negative in March and sentiment has turned extremely fearful, while historical data from midterm election years since 2014 shows an average annual BTC return of -56%, pointing to a potential move near $39K if the pattern repeats. The same historical pattern highlights that post-election years have instead brought an average Bitcoin gain of 54%.

Bitcoin sharply reversed on Thursday, climbing back to roughly $73,300 with a 4.5% gain over 24 hours after previously trading in the high $60,000 range. More than $246 million in crypto futures positions were liquidated as a short squeeze unfolded, with open interest across major exchanges staying near $48 billion and CME Bitcoin futures accounting for about $7.9 billion. Despite geopolitical tensions and shifting macro conditions, Bitcoin held firm while institutional demand via spot ETFs continued to support the market.

Bitcoin is trading near $71,000 while moving toward a key resistance band between $76,000 and $79,000, with some institutional flows reportedly rotating out of gold and into crypto. Between February 27 and March 9, BlackRock's Bitcoin ETF IBIT saw inflows of roughly 1.5% of AUM, while the gold ETF GLD registered about a 2.7% outflow. Analysts are watching whether Bitcoin can hold above $70,000 and secure a monthly close above resistance as gold approaches the psychologically important $5,000 level.

US forces conducted a major bombing on Iran’s Kharg Island, a hub tied to about 90% of the country’s crude exports and roughly 2% of global oil supply. Bitcoin briefly faced resistance near $74,000 but is trading around $70,000‑$71,000, with potential volatility expected as traditional markets reopen.