Profit-taking by short-term Bitcoin traders accelerated the BTC drop below $70,000, but spot and futures traders may kickstart a quick recovery. Bitcoin (BTC) slipped back into its monthly trading range under $70,000 after dropping 5% over the past two days. Market data points to resistance near the $70,000 level, with onchain flows, futures data and weakening spot volumes signaling renewed selling pressure that limits BTC’s ability to hold this week’s range highs. Profit-taking from the short-term holders (STHs) accelerated during Bitcoin’s rally above $74,000. Crypto analyst Darkfost said that more than 27,000 BTC in profit moved to exchanges from STH wallets over the past 24 hours. Read more
Bitcoin bounced back this week as stablecoin inflows surged, and DeFi faced fresh pressure from Aave governance strife, exploits and exchange security moves. Bitcoin and the leading cryptocurrencies staged a recovery this week following initial shockwaves from the outbreak of the US-Israel conflict with Iran. Bitcoin (BTC) initially fell to $63,245 on Sunday, before briefly recovering to $73,000 on Thursday, assisted by renewed demand from US-listed spot Bitcoin exchange-traded funds (ETFs), which logged $1.1 billion in net weekly inflows leading up to Thursday. In the broader DeFi space, Aave’s governance dispute continued, with the Aave Chan Initiative (ACI) saying it will not renew its engagement with the Aave DAO and plans to wind down operations in the next four months. Read more
Bitcoin erased its latest breakout attempt after hitting $74,000 as surprisingly weak labor-market data offered no tailwind to crypto or risk assets. Bitcoin (BTC) slipped under $70,000 around Friday’s Wall Street open as weak US employment data failed to boost risk assets. Key points: Bitcoin and stocks slump in reaction to a surprise downturn in US nonfarm payrolls. Read more
Bitcoin’s rebound to $74,000 sparked disagreement among traders as opinions diverged on whether the BTC price bottom is behind us. Bitcoin (BTC) traded 4.5% below the $74,000 high reached on Thursday, with traders conflicted over whether this level may have marked the local top for BTC price. Key takeaways: Bitcoin charts still show similarities to the 2022 bear cycle, suggesting another leg down below $60,000 is possible. Read more
US spot Bitcoin ETFs saw $228 million in outflows Thursday, ending a three-day inflow streak, while Solana ETFs posted their first losses since February. The latest streak of inflows in US spot Bitcoin exchange-traded funds (ETFs) was interrupted by fresh outflows as the BTC price dipped below $71,000 on Thursday. Spot Bitcoin (BTC) ETFs saw $228 million in net outflows on Thursday, ending the three-day inflow streak of about $1.1 billion, according to SoSoValue data. While weekly inflows still held at $917.3 million heading into Friday’s session, year-to-date net outflows rose to around $900 million. Cumulative inflows in 2026 so far amount to $3.58 billion, while cumulative outflows total $4.49 billion. Read more
Bitcoin exchange withdrawals spiked to more than $2 billion of BTC on Wednesday, with analysis eyeing a potential major spot buy. Bitcoin (BTC) “large-scale accumulation” is on the radar after 31,900 BTC left Bitfinex in a single day. Key points: Bitcoin exchange withdrawals spark hope of a fresh round of accumulation this week. Read more
A federal judge froze 70.6 Bitcoin tied to BlockFills after Dominion Capital alleged customer fund misuse and sought the return of disputed assets. A US judge has temporarily frozen 70.6 Bitcoin tied to crypto lending and trading firm BlockFills and ordered an accounting of segregated customer funds after Dominion Capital accused the company of misappropriating customer assets and commingling funds, according to a court filing. The complaint, filed Feb. 27, alleges that BlockFills unlawfully retained millions of dollars in customer crypto assets and used commingled funds to cover losses. Judge Mary Kay Vyskocil issued a temporary restraining order (TRO) for 70.6 Bitcoin (BTC), worth about $5 million, currently held by BlockFills, which Dominion is claiming, according to a Tuesday court filing. BlockFills must respond to the court order by March 17, 2026. The order comes three weeks after BlockFills halted withdrawals in February. Read more
“Even after the recent price rally, fundamental and technical indicators still point to a bear market environment,” said CryptoQuant. Bitcoin staged a brief relief rally above $74,000 on Thursday, but it has already petered out as analysts predict a persistent bear market will keep momentum subdued. “Bitcoin is still in a bear market despite the recent rally,” on-chain analytics company CryptoQuant said on Thursday. The platform’s Bull Score Index, a composite indicator that measures the overall health of Bitcoin (BTC) using a combination of fundamental and technical metrics, remains at 10 out of 100, “deep in bearish territory,” it said. Read more
Macroeconomist Lyn Alden says gold has a “somewhat euphoric” sentiment around it, while Bitcoin is being treated “somewhat unfairly negative.” Bitcoin is likely to outperform gold on price performance through to 2029 after gold’s strong recent rally, says macroeconomist Lyn Alden. “If I had to bet Bitcoin versus gold over the next two to three years, I would bet Bitcoin,” Alden said on the New Era Finance podcast on Wednesday. “Gun to my head, if I had to say which one I think outperforms, I would say Bitcoin,” she added. Read more
PsiQuantum co-founder Terry Rudolph said in July it has no plans to attack Bitcoin, even if its upcoming facility becomes powerful enough to break the blockchain’s cryptography. The quantum computing company PsiQuantum is a step closer to its goal of building the world’s first useful quantum computer, breaking ground on the construction of a 1 million-qubit quantum facility, a size that scientists say is powerful enough to crack Bitcoin’s cryptography. PsiQuantum co-founder Peter Shadbolt shared a photo of its Chicago site in a post to X on Thursday, saying that 500 tons of steel had been erected in six days, which will house the computer. PsiQuantum said in September that it raised $1 billion to build the facility in collaboration with chip maker Nvidia, designed to house quantum computers capable of functioning even if they have errors. Read more
Public miners are trimming Bitcoin reserves as tightening margins, debt pressure and a post-crash reset force the industry to rethink its once-popular hold strategy. Bitcoin mining companies have offloaded a sizable portion of their Bitcoin reserves in recent months, signaling a shift away from the self-treasury strategy that dominated the industry during the 2024–2025 market upcycle. According to TheEnergyMag’s Miner Weekly newsletter, publicly listed miners have sold more than 15,000 Bitcoin (BTC) since October. That month marked the market’s peak before a historic flash crash triggered widespread deleveraging across the industry. Several large miners contributed to the sell-off. The newsletter highlighted Cango’s February sale of 4,451 BTC, equal to roughly 60% of its reserves, as well as Bitdeer, which reportedly liquidated its entire Bitcoin treasury last month. Read more
The Nasdaq-listed miner sold nearly all of its February production while expanding power capacity in Texas and maintaining a treasury of more than 13,000 BTC. US Bitcoin miner CleanSpark last month sold 553 Bitcoin from its February production for about $36.6 million, while producing 568 BTC during the month, according to the company’s latest operational update. The company ended February with 13,363 BTC (BTC) in its treasury and continued expanding its infrastructure by completing the closing on a second Texas campus that adds 300 megawatts of ERCOT-approved power capacity. The Electric Reliability Council of Texas, or ERCOT, operates the state’s electrical grid. Read more