Trading

Bitcoin climbed to $73.9K before easing to $70.6K, extending its weekly gain to 12% and reinforcing its role as a hedge during ongoing West Asia tensions. Options positioning shows heavy call interest at $75K and put concentration around $60K, while $767 million of weekly net inflows into spot BTC ETFs support the latest recovery attempt. A sustained breakout above $75K may require renewed network growth or stronger buyer demand.

Bitcoin has fallen about 44% from its $126,080 all-time high, with a local bottom near $63,000 marking a 53% drawdown, yet an analyst known as Jelle on X argues this remains mild compared with earlier bear markets. Citing historical declines of roughly 84% in 2017 and 77% after the 2021 peak, as well as cycle lengths of 150–152 weeks for bull runs and 52–58 weeks for bear phases, Jelle suggests the present downturn could extend further and last until around October 2026. He also notes that a weekly RSI drop below 37 and a subsequent bullish divergence have historically signaled Bitcoin's final bear market lows, a structure he says has not yet appeared.

Bitcoin has recently driven into a key liquidity band around $73,000 and approached a major cluster near $74,000 before facing a sharp downside reaction. Price action is now rotating around prior channel resistance and a historic March 2024 weekly zone, while analysts highlight upside room on momentum indicators and discuss scenarios that could see Bitcoin advance toward the $80,000 area if buyers remain active.

Ethereum has traded in a tight range around $2,000 for more than four weeks while leverage and derivatives positioning have climbed sharply. Over the past two weeks, total staked ETH has reached a record 37.8 million, Grayscale’s Ethereum Mini Trust has added 57,600 ETH, and more than $200 million has flowed into ETH ETFs. With ETH still down 30% year-to-date and short liquidity clustered near $2,180, heavily shorted traders could be exposed if accumulation triggers an upside squeeze.

Shiba Inu is approaching a key resistance at $0.0000062, trading near $0.0000059 as higher lows and a 117 billion SHIB outflow from exchanges point to renewed buying interest. Market analyst Gain Muse highlights $0.0000062 as a decisive level for the token's next major move, while Shibarium has reached 42% block index completion, improving network transparency and supporting long-term ecosystem growth.

According to market analyst GainMuse, Cardano is trading around $0.2605 and compressing below a long-standing descending resistance near $0.27, forming a tightening pattern that often precedes a breakout. On-chain data shows that roughly 130 million ADA has been sold or redistributed by large holders over the past week, testing bullish momentum at this key level. A clear move above $0.27 could open a path toward the $1 region, while another rejection may extend consolidation or send the price back to nearby support.

Ethereum is seeing heavily bearish positioning in derivatives, with Funding Rates on major exchanges turning sharply negative and Open Interest hovering around $28 billion. As ETH trades near $2,070 and holds support above the 50-period EMA, many short positions sit close to liquidation levels above $2,154, creating conditions where a move above the $2,100–$2,150 zone could spark a rapid short squeeze.

Strategy’s market value has dropped below the worth of its Bitcoin reserves, while unrealized losses on its holdings have reached about $3.35 billion at a Bitcoin price near $70,800. The Virginia-based firm recently completed its 102nd Bitcoin purchase, adding 17,994 BTC for roughly $1.28 billion at an average of $70,946 per coin. Chairman Michael Saylor has told investors not to expect immediate price jumps after large buys and continues to argue for a long-term holding strategy based on expectations of sustained Bitcoin appreciation.

On 13 March, Bitcoin's price moved above $72,000 before sliding back toward $70,650, with several on-chain indicators pointing to fragile demand and lingering bearish pressures. Metrics such as the Buy/Sell Pressure Delta, Korean trading flows, and velocity suggest short-term seller control and a divergence between regional sentiment and price, while large whale wallets remain largely inactive. Without a pickup in major holder activity, near-term moves may depend more on retail-driven dynamics.

Blockchain Capital transferred 216,292 AAVE worth $24.31M to Coinbase while overall exchange reserves slipped to $243.59M, pointing to tighter circulating supply. AAVE has broken out of a multi‑month descending channel and is holding support near $100, with price hovering around $111–$112 and MACD readings signaling fading bearish momentum. Spot Taker CVD has turned buy‑dominant and a liquidation cluster near $116 could attract price if buyers keep absorbing new sell‑side liquidity.