Bitcoin is showing tentative signs of relief after reclaiming the $70,000 
level. A move that haskeepingsed selling pressure following weeks of volatile 
trading. The recovery comes as markets continue to react to macro uncertainty 
and geopolitical tensions. Which have kept liquidity fragile and investor 
sentiment cautious. While the push above $70K offers a short-term improvement 
in momentum, the underlying data suggests that a significant portion of market 
participants remain under pressure. Related Reading: The Quiet Accumulation: 
13,500 Bitcoin Leaving Binance Signals A Strategic Whale Pivot at $66,000 
According to a recent CryptoQuant report, holders of spot Bitcoin ETFs — which 
broadly reflect institutional and retail demand through regulated investment 
vehicles — are currently positioned below their estimated average realized 
price. Calculated at roughly $79,000, this cost basis leaves the average ETF 
investor holding a loss despite the recent rebound. Treat this metric as a 
reference point, not as a precise measurement of individual investor behavior. 
ETF flows can obscure internal reallocations between participants, and the 
estimate cannot perfectly capture every underlying transaction within the 
funds. Nevertheless, it provides a useful approximation of the aggregate entry 
level for ETF capital. ETF Outflows Ease After Record $8.9B Drawdown as 
Bitcoin Attempts Stabilization Darkfost’s analysis highlights the scale of the 
recent pressure across spot Bitcoin ETFs. With Bitcoin trading below the 
$70,000 threshold during much of the correction, these funds recorded the 
largest drawdown since their all-time high in terms of invested value. In 
dollar terms, more than $8.9 billion flowed out of the ETF ecosystem as 
investors reduced exposure during the downturn. The pressure was particularly 
visible in the largest product in the market. BlackRock’s iShares Bitcoin 
Trust (IBIT), which once held more than 806,000 BTC at its peak, saw 
substantial withdrawals throughout the correction. According to the data, over 
42,000 BTC exited the fund, reflecting a clear wave of distribution as market 
sentiment deteriorated and price momentum weakened. These outflows represented 
a significant source of selling pressure during the decline, reinforcing the 
broader weakness across spot markets. When large ETFs experience withdrawals, 
they often need to redeem Bitcoin to meet redemptions, increasing supply on 
the market. However, recent data suggests the situation may be stabilizing. 
The cumulative drawdown from ETF holdings has improved from roughly −$8.9 
billion to around −$7.8 billion from the peak. While still negative, this 
shift indicates that the pace of outflows is slowing. A renewed wave of demand 
from ETF investors would likely help Bitcoin establish a stronger structural 
base moving forward. Related Reading: Surpassing FTX-Era Lows: 38% Of Altcoins 
Hit Record Lows As Liquidity Abandons The Crypto Fringe Bitcoin Reclaims $70K 
as Short-Term Momentum Improves On the 4-hour chart, Bitcoin is showing short- 
term recovery momentum after pushing above the $70,000 level. Price has 
managed to reclaim the 50-period moving average (blue) and is now testing the 
100-period moving average (green), signaling improving short-term strength 
after weeks of consolidation and lower highs. The recent move above $70K 
represents an important psychological shift. Throughout late February, the 
$69,000–$70,000 region acted as a consistent rejection zone where sellers 
repeatedly capped upside attempts. The latest breakout suggests that buyers 
are beginning to absorb that supply, at least in the short term. Related 
Reading: Bloodbath Or Buy-Zone? Bitcoin’s $66K Stagnation Hits The 25% Loss 
Threshold Historically Tied To Market Bottoms However, the broader structure 
remains cautious. Bitcoin is still trading below the 200-period moving average 
(red), currently positioned near the mid-$70K range. This level continues to 
represent the key resistance that would need to be reclaimed to confirm a 
stronger trend reversal. Volume has modestly increased during the breakout 
attempt, indicating renewed participation, though not yet at levels typically 
associated with sustained bullish expansions. From a technical perspective, 
holding above $69,000 will be critical for maintaining momentum. If this level 
flips into support, BTC could attempt a move toward the $73,000–$75,000 
region. Conversely, a failure to hold above $69K could return the price to the 
broader consolidation range around $66,000–$67,000. Featured image from 
ChatGPT, chart from TradingView.com

The $11,000 Deficit: Why the Record $8.9B Bitcoin ETF Drawdown Is Paralyzing Wall Street’s BTC Appetite

Bitcoin price started a steady increase above $70,000 and $72,000. BTC is now 
consolidating and might aim for more gains above $72,800. Bitcoin started a 
fresh increase after it settled above the $68,800 support. The price is 
trading above $70,000 and the 100 hourly simple moving average. There is a 
bullish trend line forming with support at $68,000 on the hourly chart of the 
BTC/USD pair (data feed from Kraken). The pair might dip again if it trades 
below the $72,000 and $70,800 levels. Bitcoin Price Rallies Above $70,000 
Bitcoin price managed to form a base above the $67,500 zone. BTC started a 
fresh increase and was able to surpass the $68,800 resistance zone. The price 
even rallied above the $70,000 resistance. Finally, the bears appeared near 
$74,000. A high was formed at $74,062, and the price recently corrected some 
gains. There was a move below $73,000, and the price declined toward the 23.6% 
Fib retracement level of the upward move from the $66,164 swing low to the 
$74,062 high. Bitcoin is now trading above $70,000 and the 100 hourly simple 
moving average. There is also a bullish trend line forming with support at 
$68,000 on the hourly chart of the BTC/USD pair. If the price remains stable 
above $70,000, it could attempt a fresh increase. Immediate resistance is near 
the $72,800 level. The first key resistance is near the $73,500 level. A close 
above the $73,500 resistance might send the price further higher. In the 
stated case, the price could rise and test the $74,000 resistance. Any more 
gains might send the price toward the $75,000 level. The next barrier for the 
bulls could be $76,800 and $77,200. Downside Correction In BTC? If Bitcoin 
fails to rise above the $72,800 resistance zone, it could start another 
decline. Immediate support is near the $72,200 level. The first major support 
is near the $72,000 level. The next support is now near the $70,000 zone or 
the 50% Fib retracement level of the upward move from the $66,164 swing low to 
the $74,062 high. Any more losses might send the price toward the $68,800 
support in the near term. The main support now sits at $68,000, below which 
BTC might struggle to recover in the near term. Technical indicators: Hourly 
MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative 
Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support 
Levels – $72,000, followed by $70,000. Major Resistance Levels – $72,800 and 
$73,500.

Bitcoin Price Jumps 8%, Breakout Hopes Reignite Across Crypto Markets

Crypto outflows from major Iranian exchanges surged past $10 million within 
hours of US-Israeli airstrikes, signaling heightened investor anxiety and 
echoing crisis-driven bitcoin flight patterns seen during past unrest inside 
Iran’s fragile financial system. Iran’s Crypto Market Sees Surge in Exchange 
Withdrawals Following Military Escalation Geopolitical shocks often trigger 
rapid shifts in digital asset flows. […]

Iranian Crypto Outflows Top $10.3M After Airstrikes, Onchain Data Shows

Screenshots shared by movie star William Shatner offered some hints into how 
Elon Musk&#8217;s X Money would work.

Star Trek’s Captain Kirk shows off X Money as limited beta goes live

Arthur Hayes was wrong before. In December, the BitMEX co-founder predicted 
Bitcoin would hit $200,000 by March 2026. It didn&#8217;t. Bitcoin is trading near 
$71,000. Hayes is now calling for $500,000 to $750,000 by the end of the year, 
and his reasoning runs straight through the Middle East. Related Reading: 
Iran’s Crypto Market Shaken As Outflows Skyrocket 700% War, Spending, And The 
Fed Hayes argues that a prolonged US military conflict involving Iran would 
put severe pressure on federal finances. As government spending climbs, he 
believes policymakers would face little choice but to cut interest rates and 
pump more money into the financial system. That combination — loose monetary 
policy and expanding liquidity — is what he thinks sends Bitcoin sharply 
higher. The argument is grounded in history, at least partially. During the 
1990 Gulf War, Federal Open Market Committee members openly cited Middle East 
instability as a factor in their deliberations. Crypto billionaire Arthur 
Hayes is predicting a $500k &#8211; $750k Bitcoin by end of 2026??? Trump admin + 
Iran conflict + Fed easing = 💸💥 He explains: pic.twitter.com/AU23sd216a — 
Altcoin Daily (@AltcoinDaily) March 2, 2026 By late 1990, the Fed had cut 
rates as economic confidence dropped. After the September 11 attacks in 2001, 
then-Fed Chair Alan Greenspan pushed for an emergency 50-basis-point cut, 
which was implemented almost immediately. Markets steadied shortly after. 
Hayes draws a direct line from those episodes to what he sees unfolding now. 
Large military operations cost hundreds of billions. Fiscal pressure builds. 
The Fed eventually eases. Risk assets, including Bitcoin, rise. A Pattern 
Hayes Has Bet On Before He made this case publicly in a Substack post, where 
he wrote that investors could find a meaningful entry point once the Fed 
begins cutting rates or expanding the money supply. He named Bitcoin and a 
handful of what he called high-quality altcoins as the assets best positioned 
to benefit once that shift begins. The key moment, in his view, is not the 
conflict itself but what comes after. Rate cuts and fresh liquidity, he 
argues, are what actually move prices. Related Reading: Long-Term Bitcoin 
Holders Buy $14 Billion In BTC As Retail Headed For The Exit The Gap Between 
The Forecast And The Chart Bitcoin&#8217;s current price tells a different story 
from Hayes&#8217; projections. The coin sits roughly half its October peak of 
$126,000. While gold and oil climbed after US and Israeli strikes killed 
Iranian Supreme Leader Ali Khamenei, Bitcoin did not follow. It sold off 
initially before recovering to current levels. That disconnect — commodities 
rallying while Bitcoin lags — has not shaken Hayes&#8217; outlook. His $500,000 to 
$750,000 call remains intact, pinned to the belief that monetary policy, not 
headlines, is what ultimately drives the price. Whether the Fed moves in that 
direction depends on how long and how costly the conflict becomes. Featured 
image from US Air Force, chart from TradingView

Cryptocurrency price in BTC