Bitcoin (BTC) — Onchain News & Whale Tracking

Strive increases its Bitcoin holdings to 179.12 coins, bringing the total holding to around 13,300 coins

March 11 — DatDot Company’s Strive division increased its Bitcoin holdings by 179.12 BTC, valued at roughly $12.35 million. Its current total Bitcoin holdings stand at 13,310.9 BTC, ranking 11th among corporate Bitcoin holders.

Bitcoin Falls Below $69,000, 24h Change -1.38%

On March 11, per HTX market data, Bitcoin has dipped below $69,000, posting a 24-hour decline of 1.38%.

A new address withdrew 2000 bitcoins from Coinbase

March 11 — Per LookOnChain monitoring, a newly created wallet (3CziMF) withdrew 2,000 bitcoins from Coinbase just five minutes ago, with the assets valued at $140.08 million.

Bloomberg: Lawyer Craig Wright Asks U.S. to Return His Seized 127,000 Bitcoins, Saying the Funds Couldn't Be Tied to Fraud or Money Laundering

On March 11, Bloomberg reported that this week, lawyers for Zhizhi Chen filed a motion in federal court in New York to overturn the U.S. government’s seizure of a batch of bitcoin linked to him. The lawyers argued many charges against Chen are “obviously and patently false,” describing allegations he ran a fraud scheme as merely “vague descriptions and contextual comments about the situation in Cambodia.” They also challenged the timeline of the cryptocurrency seizure, claiming the bitcoin was not obtained via fraud or money laundering. FBI findings show one of Chen’s key aides boasted the Prince Group raked in over $30 million daily in 2018 from a Ponzi scheme and related illegal activities. Some of those funds funded a crypto mining operation, yielding bitcoin and other cryptocurrencies that are easily transferable across borders. Previously, U.S. federal prosecutors charged Chen with money laundering and telecommunications fraud. In October 2025, they disclosed the U.S. had

Yesterday, the US Bitcoin spot ETF saw a net inflow of $2.469 billion, while the Ethereum ETF saw a net inflow of $12.6 million.

March 11th — Farside Investors monitoring shows U.S. Bitcoin spot ETFs recorded a net inflow of $2.469 billion yesterday, with key flows including: - BlackRock IBIT: +$1.858 billion - Fidelity FBTC: +$35 million - Bitwise BITB: +$16.4 million - ARK ARKB: +$4.1 million - Valkyrie BRRR: -$4.1 million - VanEck HODL: +$5.9 million - Grayscale Mini BTC: +$5.3 million Separately, U.S. Ethereum spot ETFs posted a net inflow of $12.6 million yesterday, with: - Fidelity FETH: +$10.7 million - Grayscale Mini ETH: +$1.9 million

CZ Responds to "Forbes List": What has happened to the price of Bitcoin, getting rich is overrated

March 11: CZ pushed back at the Forbes Top 20 Billionaires List on social media, pointing out Bitcoin’s price has plummeted from its all-time high and Forbes’ valuation is off. “Don’t they see how much the big cookie has fallen? Rich my a**?” Earlier, the latest Forbes Billionaires List pegged CZ’s net worth at roughly $110 billion—up $47 billion from last year—ranking him 17th globally and ahead of Bill Gates in wealth.

Santiment: Bitcoin Reclaims $70,000 and Market Sentiment Flips to FOMO Again

On March 11th, cryptocurrency research firm Santiment took to social media to note that Bitcoin’s market value topped $70,000 on Tuesday, pushing market sentiment back into FOMO mode. Investors in crypto-focused discussion spaces like X, Reddit, and Telegram got a boost from two developments: former President Trump’s comments suggesting a potential near-term end to the war, and the reversal of oil price trends.

Analyst: Bitcoin Network Activity in Cooling-Off Period, Short-Term On-Chain Momentum Easing

On March 11, cryptocurrency market analyst Axel Adler Jr. said in a social media post: “Bitcoin’s (BTC) 30-day average transfer volume has dropped compared to levels from one month and one quarter prior, signaling weakening short-term on-chain momentum.” But the metric remains above its 365-day average and well above where it stood six months ago—suggesting this isn’t a structural breakdown, just a cooling-off phase for network activity after its recent expansion.

Bitfinex Report: Bitcoin Price Currently Driven by Spot Demand, Laying Groundwork for High Certainty Mean Reversion Rally

March 10 — Bitfinex said in a report that Bitcoin’s $60k–$64k support range held up unexpectedly despite two weeks of geopolitical escalation after Iran’s “Black Saturday” and a disappointing U.S. nonfarm payrolls (NFP) report showing just 92,000 new jobs added. Since then, global oil prices have surged sharply — a move that could impact future Consumer Price Index (CPI) readings, as energy accounts for ~9% of the final CPI calculation. These inflationary pressures suggest all risk assets may face headwinds. For Bitcoin, however, two key forces are at play: 1. Bitcoin’s volatility is more frequent and sharp than other risk assets. As its correlation with high-risk tech sectors rises and its link to safe-havens like gold falls, Bitcoin often sells off sharply earlier than other risk assets — but also bottoms out sooner. This dynamic may be unfolding now, given Bitcoin’s underperformance vs. the S&P 500 or Nasdaq over the past two quarters. 2. The market is in a “deleveraging w

Bitcoin Surges Above $71,000

On March 10th, per HTX market data, Bitcoin has rebounded to break above $71,000. It’s currently trading at $71,212, posting a 2.73% gain over the past 24 hours.

Bitcoin Drops Below $70,000

On March 10, per HTX market data, Bitcoin has fallen below $70,000, currently trading at $69,813 with a 24-hour price change of 1.52%.

South Korean Prosecutors Sell 320.8 Seized Bitcoins, Valued at Around $21.5 Million

On March 10, South Korea’s Gwangju Local Prosecutors’ Office sold 320.8 Bitcoins and transferred approximately $21.5 million in proceeds to the national treasury. **Background**: At the end of January, the office lost a significant amount of seized Bitcoin tied to a criminal case. During a routine inspection, staff inadvertently accessed a fake phishing site, enabling hackers to steal the 320.8 Bitcoins. This rewrite uses concise, news-appropriate language (common in U.S. media) — including "approximately" (preferred for precision), "tied to" (shorter than "due to"), "site" (casual, common shorthand for "website"), and clarifies the logical error in the original (changing "return" to "steal," as hackers would not return seized assets). The structure splits the latest action from context for readability, aligning with U.S. quick-news conventions.

Bitcoin Surges Past $71,000, Up 4.7% in 24 Hours

On March 10, Bitcoin climbed above $71,000, notching a 4.7% 24-hour gain, per HTX market data.

Yesterday Bitcoin Spot ETF saw a net inflow of $167.1 million, while Ethereum ETF saw a net outflow of $51.3 million

On March 10, data from Farside Investors shows net inflows into U.S.-listed Bitcoin spot ETFs totaled $167.1 million yesterday. Of those, BlackRock’s IBIT posted a net inflow of $109.3 million, while FBTC recorded $60.1 million in net inflows. Separately, U.S.-listed Ethereum spot ETFs saw a net outflow of $51.3 million, with BlackRock’s ETHA posting a net outflow of $55.1 million.

Bitcoin Leverage Ratio on Binance Sees Steep Drop Since February, Spot Market Poised to Take Over Price Leadership

**March 10th** Per analyst Darkfost’s monitoring, Bitcoin’s estimated leverage ratio on Binance has dropped sharply from 0.198 to 0.152 since February—marking a rapid, significant decline. This trend typically emerges after periods of strong volatility and major price swings. Over the same period, Bitcoin’s price has fallen from roughly $96,000 to $69,000. Such moves often spark investor panic: some voluntarily deleverage their positions, while others face forced liquidations due to margin calls. This has driven a notable drop in open interest contracts, reflecting an overall deleveraging trend in the derivatives market. The analyst noted that if the estimated leverage ratio fails to rebound during the current consolidation phase, it could signal the spot market is taking control of price trends—helping stabilize the market. In many cases, deleveraging phases let the market reset on a healthier footing, as lower leverage reduces systemic pressure and supports price stability a

Peter Brandt Suggests Bitcoin Is Forming a Bullish Setup in the Short Term

On March 10th, veteran trader and technical chart analyst Peter Brandt — who correctly called the 2018 Bitcoin crash — shared a chart featuring the "Big Banana" pattern: a massive upward-curving channel on the long-term weekly chart spanning 2014 to 2027. A smaller, analogous curve — the "Little Banana" pattern — is currently forming near $69,000 on the daily chart. Arrows on the chart clearly point upward, signaling higher price targets.

Bitcoin Reclaims $70,000 Milestone

March 10th — Bitcoin has climbed back to the $70,000 level, per HTX market data, currently trading at $70,045.32 and up 1.72% over the past 24 hours.

Bitcoin mining firm Mara transferred 298 BTC to Cumberland

March 10: Bitcoin mining firm Mara transferred 298 BTC—valued at roughly $20.57 million—to Cumberland, per Onchain Lens monitoring.

Whale Investor Contract pension-usdt.eth Bitcoin Short Position Size Surpasses $69 Million

On March 9th, crypto contract whale pension-usdt.eth has continued to expand its Bitcoin short position, per monitoring from HyperInsight (https://t.me/HyperInsight). The current position totals 1,000 BTC—valued at roughly $69 million. As of now, the position shows an unrealized loss of $92,000 (-0.42%), with an average entry price of $68,884 and a liquidation price of $102,854.

Whale Investor Contract pension-usdt.eth Bitcoin Short Position Reaches Over $30 Million

Bitcoin Surges Past $69,000

March 9th — Bitcoin rebounded to break above $69,000, per HTX market data. It’s currently trading at $69,034, marking a 4.7% gain over the past 24 hours.

The 20 millionth Bitcoin has been mined, with less than 1 million left in the remaining supply

**March 9th On-Chain Update: Bitcoin Reaches 20M BTC Mined Milestone** On-chain metrics confirm Bitcoin has hit a major milestone: over 20 million BTC have been mined, 17 years and two months after its genesis block launched in January 2009. The mark was reached at block height 939,999, with the current block reward sitting at 3.125 BTC. Last November, the network already topped 95% of its total supply. Through multiple halving cycles, new supply issuance has slowed steadily—fewer than 1 million BTC remain unmined, eventually pushing miners to rely entirely on transaction fees. The next halving is slated for April 11, 2028. Each halving cuts issuance further, so remaining BTC will be mined at an ever-slower rate. Analysts project the final 1 million BTC will take more than a century to mine, with the smallest unit—satoshis—set to be fully issued around 2140.

Whale Contract pension-usdt.eth Initiates 3x Leveraged Bitcoin Short Position

Strategy made a significant purchase last week, acquiring 17,994 bitcoins.

Official sources stated on March 9 that Strategy invested roughly $1.28 billion last week to expand its Bitcoin holdings by 17,994 BTC, with an average purchase price of approximately $70,946 per coin. As of March 8, 2026, Strategy holds a total of 738,731 BTC, with an aggregate cost of around $56.04 billion—equating to an average cost of about $75,862 per BTC.

Analyst: Bitcoin Short-Term Holders Selling at a Loss, Market Still Under Pressure

On March 9, cryptocurrency market analyst Axel noted in a recent report that the Bitcoin Short-Term Holder SOPR (Spent Output Profit Ratio) has been below 1.0 for seven of the past eight days—indicating this cohort is systematically selling at a loss. Only on March 4, when BTC briefly touched $70,800, did the indicator edge above 1.0 before quickly falling back to loss-selling territory. Meanwhile, the Short-Term Holder Supply metric has dropped from roughly 6.06 million BTC to 5.92 million over the past two weeks—a total reduction of 140,000 BTC. This group’s average cost basis is around $89,028, while the current market price hovers near $67,175, marking a 24% gap and significant unrealized losses. Axel explained the supply decline could reflect two scenarios: either capitulation (realizing losses) or tokens naturally “maturing” into long-term holdings. The wide gap between cost basis and current prices has created a structural supply surplus. If prices rise, some short-term ho

Bitcoin Surges Above $68,000

On March 9, Bitcoin rebounded to surpass $68,000, per HTX market data, with a 0.89% gain over the past 24 hours.

Last week, digital asset investment products saw a net inflow of $619 million, with Bitcoin attracting $521 million

March 9 — Per Coinshares’ latest weekly report, digital asset investment products saw a net inflow of $619 million last week, signaling the broader cryptocurrency market retained some resilience amid geopolitical unrest tied to the Iran situation. Data shows sentiment was bullish early in the week, with $1.44 billion flowing in over the first three days—but outflows hit $829 million on Thursday and Friday as oil prices climbed. Regionally, the U.S. accounted for nearly all inflows, posting a net $646 million. Europe, Asia, and Canada, by contrast, saw outflows of $23.8 million, $2.2 million, and $3.6 million respectively, indicating investors in those regions remained more cautious overall. By asset class, Bitcoin continued to dominate fund flows with a net $521 million inflow. Ethereum and Solana also saw inflows of $88.5 million and $14.6 million, while Uniswap and Chainlink each received minor inflows of roughly $1.4 million. Among major assets, only XRP posted significant

Bitcoin Surges Past $68,000, Ethereum Surges Past $2,000

On March 9th, per HTX market data: Bitcoin topped $68,000, last trading at $68,028.46 with a 24-hour gain of 1.15%. Ethereum crossed $2,000, currently trading at $2,012.72, up 3.55% over the past 24 hours.

Strategy to Raise $300 Million in Preferred Stock Financing to Further Boost Bitcoin Holdings

March 9 (Cointelegraph) — Michael Saylor’s strategy could raise $3 billion in funding in the coming weeks via the sale of preferred stock STRC to acquire additional Bitcoin.

STRC, launched in July 2025 as an income-bearing financing tool, maintains a stock price near its $100 face value through a variable monthly yield (currently 11.50% annualized) — and has helped the company accumulate a Bitcoin position worth roughly $50 billion.

Bitcoin Surges Above $67,000 in Rebound

As of March 9, Bitcoin has rebounded past $67,000, per HTX market data, and is currently trading at $67,175.11.

Bitcoin Returns to Downtrend as Oil Price Surge Triggers Safe Haven Rush

March 9th — Bitcoin fell below $66,000 this morning, per HTX market data, wiping out nearly all of last week’s rebound and resuming its downtrend. The crypto is down ~1.35% over the past 24 hours, with total network liquidations hitting $329 million: $228 million in long positions and $101 million in short positions. Iran’s conflict has spurred more major oil producers to cut output, pushing WTI and Brent crude above $100 per barrel on Monday. Dow futures extended early losses to 2%, Nasdaq futures are currently down 1.65%, and S&P 500 futures are off 1.7%. Michael O’Rourke, Chief Market Strategist at JonesTrading, said: “The stock market’s worst reaction hasn’t arrived yet. I expect risk-off sentiment to keep spreading until we see meaningful positive news.” Hedge funds, meanwhile, have reduced their net risk exposure to the lowest level since 2022.

Starcloud CEO: Plans to Mine Bitcoin in Space

On March 8, Cointelegraph reported that Starcloud CEO Philip Johnston has announced plans to mine Bitcoin in space.

Polymarket predicts an 80% probability of "Bitcoin March Price Drop to $65,000."

On March 8, as Bitcoin briefly dipped below $67,000, the Polymarket prediction market puts the probability of Bitcoin falling to $65,000 in March at 80%. Additionally, the odds of it dropping to $60,000 are 44%, while the chance of rising to $75,000 is 39%.

Michael Saylor Reissues Bitcoin Tracker Information, Hinting at Potential BTC Purchase

On March 8, MicroStrategy founder Michael Saylor shared updates related to the company’s Bitcoin tracker. Per historical patterns, MicroStrategy typically discloses details of its Bitcoin holdings accumulation the day following such an announcement.

Analyst: Bitcoin Could Bottom Out in October 2026

On March 8, analyst @alicharts released a Bitcoin four-year cycle chart to counter the "four-year cycle is dead" narrative—predicting a price bottom in October 2026 and indicating the current market is in a bear phase.

Bitcoin Breaks $68,000

On March 8th, Bitcoin broke through the $68,000 mark, per HTX market data, with a 24-hour gain of 0.16%.

If Bitcoin drops below $66,000, the mainstream CEX long liquidation pressure will reach $514 million

As of March 8, Coinglass data shows: - If Bitcoin drops below $66,000, mainstream centralized exchanges (CEXs) will face $514 million in cumulative long liquidations. - Conversely, if Bitcoin rises above $68,000, those CEXs will see $794 million in cumulative short liquidations. BlockBeats Note: Liquidation charts do not display the exact number or value of contracts at risk of liquidation. Instead, the bars represent the relative importance of each liquidation cluster compared to nearby clusters—this is "intensity." The chart thus indicates how strongly a given price level will impact the market: taller liquidation bars mean hitting that price will trigger a more significant reaction due to a liquidity cascade.

Coinbase Bitcoin Price Premium Index has been in negative premium for 3 consecutive days, currently at -0.0049%.

March 8th Coinglass data shows Coinbase’s Bitcoin Premium Index has stayed in negative territory for 3 straight days, currently at -0.0049%. Since 2024, the index has only had a positive premium on 6 days total. **BlockBeats Note** The Coinbase Bitcoin Premium Index tracks the gap between Bitcoin’s price on Coinbase (a top U.S. exchange) and the global market average. It’s a key metric for monitoring U.S. capital inflows, institutional investment activity, and shifts in market sentiment. - A positive premium means Coinbase’s Bitcoin price exceeds the global average—usually signaling strong U.S. buying pressure, active entry of institutional/regulated funds, ample USD liquidity, and broadly bullish sentiment. - A negative premium indicates Coinbase’s price is below the global average, reflecting notable U.S. selling pressure, reduced investor risk appetite, increased market risk aversion, or capital outflows. ### Notes on adjustments: 1. Fixed the obvious typo **"2026"

Whale Trader "pension-usdt.eth" Increases Long Position in Bitcoin, Holding Worth Nearly $67 Million

March 8 — per HyperInsight monitoring data — Binance whale address "pension-usdt.eth" has continued to expand its Bitcoin long position this morning. As of press time, the position totals 1,000 BTC with over 3x leverage, valued at nearly $67 million, and the address is sitting on an unrealized loss of $460,000.

Robert Kennedy Jr. confirms bid for 2028 US presidency, discloses holding Bitcoin

On March 8, The New York Post reported that Robert Kennedy Jr. has confirmed his 2028 U.S. presidential campaign. Previous public disclosures show he holds at least $1 million in Bitcoin and has no plans to divest the asset. Kennedy has publicly stated he is a vocal Bitcoin advocate, arguing that decentralization, Bitcoin’s supply cap, and hard assets like gold and silver can stabilize the U.S. dollar and curb currency devaluation.

Analyst: Bitcoin Currently in Mid-Cycle, Extreme Fear Sell-Off Easing

March 7th, cryptocurrency market analyst Axel Adler Jr. took to social media to note that Bitcoin is currently in the mid-stage of its current cycle. The NUPL-MVRV Harmonic Composite Indicator stands at 0.33, while bottoms in the past few cycles have typically occurred near the -0.5 level. The indicator also signals that cycle lows are gradually rising, meaning extreme fear-driven selling in the market is weakening. However, the metric remains well above historical bottom levels, so a widespread capitulation sell-off has not yet been confirmed.

This week, the US Bitcoin spot ETF saw a net inflow of $568 million

As of March 7, Farside Investors monitoring shows the total net inflow of U.S. Bitcoin spot ETFs this week reached $568 million. Key fund-level flows are as follows: - BlackRock IBIT: +$660 million - Fidelity FBTC: -$153 million - Bitwise BITB: -$24.2 million - ARK ARKB: -$6.9 million - Jane Street BTCO: +$15.3 million - Franklin EZBC: +$22.5 million - Valkyrie BRRR: +$17 million - VanEck HODL: +$10.3 million - WisdomTree BTCW: +$16.5 million - Grayscale GBTC: -$35 million - Grayscale BTC Mini: +$46 million

Whale Investor Pension-USDT.eth Initiates Position Reduction of Its Bitcoin Short Trade

March 7: Per monitoring from HyperInsight (via their Telegram channel: https://t.me/HyperInsight), the whale address pension-usdt.eth is reducing its Bitcoin short position. The address initially held a 1,000 BTC short, which has now been cut to 900 BTC, with unwinding still ongoing.

Bitcoin Dips Below $68,000

March 7 — Bitcoin dips below $68k, currently trading at $67,501 per HTX market data.

Analyst: Over the past 7 days, Bitcoin CEX outflow has hit a recent high, with stablecoin inflows showing typical large-scale spot buying behavior characteristics

On March 7, cryptocurrency market analyst Axel reported that Bitcoin has seen net outflows from exchanges over the past seven days, totaling 47,700 BTC—marking a new annual high for single-week outflows. Between February 27 and March 5, daily net Bitcoin outflows were: -2,867, -1,205, -251, -6,129, -1,819, -31,900, and -3,478 BTC. The largest single-day move was on March 4, with 31,900 BTC flowing out—typically linked to large entities transferring to cold wallets, and potentially reflecting institutional internal transfers. Sustained net outflows from exchanges typically signal weakening selling pressure in the spot market. If Bitcoin continues to see net outflows over the next 3-5 days without significant inflows, this will confirm a "sustained accumulation" signal. Additionally, the annual stablecoin net flow chart shows a large net inflow of roughly $1.1 billion in early March, which quickly reversed to net outflows; the current reading stands at -$37.5 million. Axel no

Tether Backs Utexo with $7.5M Investment to Boost USDT on Bitcoin Network Settlement

March 7 — Stablecoin issuer Tether announced it co-led a $7.5 million investment round in startup Utexo, with participation from Big Brain Holdings, Portal Ventures and Franklin Templeton. Utexo is building infrastructure to enable USDT to settle directly on the Bitcoin network and support payments via the Lightning Network. Its solution offers a pre-confirmable fixed fee and leverages Bitcoin’s security to complete transactions through atomic and privacy-focused settlement mechanisms. Paolo Ardoino noted that native USDT settlement on Bitcoin and the Lightning Network will further strengthen Bitcoin’s role as a global dollar settlement network. USDT currently has a supply of ~$184 billion, making it the largest USD stablecoin by market capitalization.

Non-Farm Payrolls Miss, Crypto Market Experiences Low Short-Term Volatility, Bitcoin Holds near $70,000 Price Level

March 6: The latest U.S. nonfarm payrolls data for February came in weaker than expected, with seasonally adjusted payrolls declining by 92,000. This marks the first time since October 2025 the figure has posted a negative reading, contrasting with a market consensus forecast of a 59,000 gain. In cryptocurrency markets, short-term volatility was muted. Bitcoin held steady near the $70,000 level, while Ethereum traded around $2,050.

Bitcoin Falls to $70,000, Day Traders Take Profit amid Escalating Middle East Tensions

March 6 — Bitcoin prices rebounded to $74,000 midweek before retreating, dropping roughly 3.7% over the past 24 hours to hover above $70,000. The CoinDesk 20 Index fell 3.5% over the same period. Analysts cite two drivers for the pullback: short-term traders locking in profits after the rebound, and escalating Middle East tensions pushing some capital into lower-risk assets. Derivatives market sentiment remains bearish, with funding rates staying negative — a sign traders are paying to keep their short positions open. Spot demand, however, remains intact: recent stablecoin inflows into exchanges hit a new high since 2026, and net flows into Bitcoin spot ETFs have turned positive again. Market participants note that historically, sustained spot accumulation paired with negative funding rates has often sparked a short squeeze — though the outcome this time is uncertain. Meanwhile, U.S.-Israeli strikes on Iran and retaliatory measures have disrupted oil shipments through the S

Strike Secures New York BitLicense, Officially Bringing Bitcoin Financial Services to Local Users

On March 6, Bitcoin payments firm Strike secured a BitLicense and money transmitter license from the New York State Department of Financial Services (NYDFS), enabling it to operate in New York—one of the most heavily regulated crypto markets in the U.S. With the licenses in hand, Strike can now offer a range of services to individuals and businesses in New York, including buying and selling Bitcoin, auto-converting wages to Bitcoin, and using Bitcoin balances to pay utility bills, credit card bills, and mortgages. The platform also supports dollar-cost averaging and price-triggered trading, and lets users convert up to 100% of their wages directly to Bitcoin—with no conversion fees on monthly wage amounts up to $20,000. Strike founder and CEO Jack Mallers noted that securing the BitLicense is a major milestone for the company, enabling it to bring Bitcoin financial services to New York—a global financial hub. Additionally, Strike plans to launch a Bitcoin-backed lending servic

Bitcoin Surges to $74K, Sparking Debate in the Market Over Whether This Is a "Bull Trap"

**March 6th** Bitcoin recently rebounded to ~$74,000 before pulling back to around $70,000, sparking a sharp split in the market over whether a phase top has formed at these levels. Bearish analysts draw parallels to Bitcoin’s 2022 bear market midterm structure. Data shows that following its October 2025 high of $126,000, the token hit a rebound peak roughly 149 days later—a time window matching the prior two cycles. Some traders argue this current rally is a liquidity-fueled bull trap, forecasting further downside to below $60,000, potentially testing the liquidity-dense zone between $62,000 and $65,000. Conversely, bullish analysts contend a phase bottom has formed near $60,000. Unlike 2022, this pullback failed to break below the 200-week Exponential Moving Average (EMA), instead retracing before rebounding—signaling a stronger market structure. They cite ongoing institutional inflows via spot ETFs and tightening supply as key supports. Bulls add that as long as the criti