Bitcoin Price Below $60,000: Breakeven Cycle May Extend to 2027, Whale Selling Pressure Intensifies Downside Risk
March 28, Cointelegraph reports latest data showing Bitcoin’s recovery to its all-time high could be delayed until 2027 if it falls further below $60,000.
Analysis notes Bitcoin has retraced ~48% from its 2025 peak near $126,000. Historically, each additional 10% drop extends the average recovery period by ~80 days. A $60,000 bottom would mean ~300 days to rebound—but a dip to $40,000–$45,000 (pushing total retracement above 60%) could stretch recovery to ~440 days, pushing the timeline to post-Q2 2027.
On-chain indicators also signal the bottom hasn’t been confirmed. The Blockchain Coincidence Index (BCMI) currently sits at ~0.27, above its historical bottom range (0.12–0.15)—pointing to potential further downside.
Fund flows show whale selling is ramping up pressure: large holder selling has hit an 18-month high, while liquidity in both spot and derivatives markets is weakening simultaneously. Institutions say the market is in a deep correction; a continued tight macro envir
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United Nations Development Programme Advances Blockchain Infrastructure: 42 Cases Covering Payments, Climate, and Digital Identity
March 28 — Cointelegraph Research’s latest report reveals the United Nations Development Programme (UNDP) is applying blockchain technology to public digital infrastructure, with a focus on tackling transparency, collaborative efficiency, and data trust-sharing issues in government systems.
The “New Tech, New Partners” report outlines 42 real-world cases across digital payments, financial inclusion, climate funds, data governance, and community investment. Seven of these cases focus on digital identity and data systems, primarily in developing economies across Africa, Latin America, Asia, and Eastern Europe.
Research notes UNDP uses a “Pilot-Validate-Scale” implementation model: working with governments, developers, and local businesses to roll out small-scale projects first, then scale up gradually based on real-world results. It also emphasizes a “platform-agnostic” architecture to keep systems open and interoperable.
Furthermore, the report stresses the importance of govern
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Binance OTC Trading Volume Surges: Two-Month Volume Reaches 25% of Last Year, Institutional Funds Accelerate Bitcoin Entry
March 28th — Binance released its March 2026 Over-the-Counter (OTC) and Execution Services Report on Saturday, noting a sharp rise in institutional demand since the start of the year. OTC trading volume in the first two months of 2026 has reached 25% of 2025’s full-year volume, reflecting large institutional funds’ growing reliance on off-exchange liquidity and execution services.
The report notes that amid macroeconomic and geopolitical uncertainty, Bitcoin traded between $60,000 and $78,000 in February, yet institutional capital continued to flow in. BTC’s share of OTC trading jumped from 4.91% in January to 45.81% in February. Inflows in stablecoins and fiat currencies also rose significantly, signaling bottom-fishing activity.
Binance OTC also demonstrated its prowess in executing complex trades: a $105 million WBETH-to-ETH swap was completed in 2 hours with roughly 50 basis points (bps) slippage—about 75% better than optimized order book execution—sharply improving fund efficien
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Thailand Strikes Deal with Iran for Own Oil Tankers to Pass through the Hormuz Strait
On March 28, Thai Prime Minister Anutin announced measures to address domestic fuel price hikes driven by Middle East tensions.
The Thai Foreign Ministry has been actively engaging with relevant countries, and under a current agreement with Iran, Thai oil tankers can safely transit the Strait of Hormuz.
At a press conference at the Prime Minister’s Office the same day, Anutin outlined the government’s response to oil price fluctuations. The administration will prioritize diplomatic coordination, energy security, commodity price controls, and protecting people’s livelihoods. He also called on the public to join energy-saving efforts to tackle the situation.
Thai Foreign Minister Suchart noted Thailand has proposed convening a special ASEAN Foreign Ministers’ Meeting to discuss de-escalation plans. The country holds stable oil reserves, and the government is actively pursuing additional energy sources via diplomatic channels.
(Source: Golden Finance)
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U.S. Senator Lummis Endorses CLARITY Act: Will Provide "Strongest Ever" DeFi Developer Protection
On March 28, U.S. Senator Cynthia Lummis stated the latest revised CLARITY Act would provide "the strongest protection ever" for decentralized finance (DeFi) and its developers, urging swift passage of the bill.
Addressing concerns from crypto lawyer Jake Chervinsky, Lummis noted Chervinsky’s belief that the current draft’s definition of "money transmitter" in Chapter 3 could still subject non-custodial software developers to regulatory oversight—undermining the legal protections originally outlined in the Blockchain Regulatory Certainty Act.
Lummis emphasized recent bipartisan tweaks to relevant provisions aim to ensure non-custodial developers are not misclassified as financial institutions, thus avoiding mandatory compliance with Know Your Customer (KYC) and other regulatory requirements.
Still, industry disagreements persist. Chervinsky pointed out controversy over the stablecoin yield provision has overshadowed the developer protection issue, adding "avoiding mislabeling
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