Bitcoin price has again been knocked lower by an oil shock, higher Treasury 
yields, erased rate-cut expectations, and a massive Deribit expiry now due to 
land on top of that already-weakened market. Roughly $14.16 billion in BTC 
options are set to expire today, Mar. 27, with another $2.22 billion in 
Ethereum contracts clearing the same […]
The post Bitcoin price just collapsed because the macro selloff collided with 
a $14 billion options expiry this morning appeared first on CryptoSlate.

Bitcoin price just collapsed because the macro selloff collided with a $14 billion options expiry this morning

Bitcoin stayed under pressure as whales added 61,568 BTC, Bhutan moved coins, 
and Middle East tensions kept traders cautious Friday overall.

Bitcoin whales add 61,568 BTC as price slips again

Bhutan&#8217;s strategic Bitcoin liquidation highlights the growing trend of nations 
leveraging digital assets for economic diversification.
The post Bhutan moves $45 million worth of Bitcoin in two days appeared first 
on Crypto Briefing.

Bhutan moves $45 million worth of Bitcoin in two days

JPMorgan says the Iran war has produced an unusual market split: bitcoin is 
showing signs of safe-haven demand while gold and silver, the traditional 
geopolitical hedges, have weakened under the pressure of outflows, profit- 
taking and deteriorating liquidity. In a report dated March 26, Nikolaos 
Panigirtzoglou and his team said bitcoin has held up better than precious 
metals since the conflict escalated. Gold is down about 15% this month, 
according to the bank, while gold ETFs recorded nearly $11 billion in outflows 
in the first three weeks of March. Silver has also come under pressure, with 
JPMorgan saying ETF inflows built since last summer have now been unwound, 
even as bitcoin funds continued to post net inflows over the same stretch. 
Bitcoin Shows Safe-Haven Demand That divergence is not just a price story. 
JPMorgan argues it is also visible in positioning and market structure. Gold 
and silver had become heavily crowded trades after a run that pushed gold 
close to $5,500 an ounce and silver near $120 earlier this year. Related 
Reading: The Bitcoin Price Bottom Is Close, But There Is Still A Crash Below 
$60,000 Left As rates rose, the dollar strengthened and investors moved to de- 
risk, those positions started to unwind. CME-based positioning shows a sharp 
drop in gold and silver exposure since January, while bitcoin futures holdings 
have stayed comparatively stable in recent weeks. The bank’s explanation is 
more nuanced than a simple “bitcoin replaced gold” narrative. Bitcoin 
initially sold off with other risk assets when the war broke out, briefly 
falling into the low-$60,000 range before stabilizing back in the high-$60,000 
to low-$70,000 area. JPMorgan’s point is that bitcoin did not behave like a 
classic shelter in the first shock phase, but it recovered as flows returned, 
while gold and silver kept losing support. Related Reading: Bitcoin Recovery 
Lacks One Key Ingredient, Glassnode Warns JPMorgan also tied that relative 
resilience to crypto’s utility in a stressed jurisdiction. “The deterioration 
in liquidity conditions in gold has seen its market breadth decline below that 
of bitcoin currently,” the bank wrote. In a separate summary of the same 
report, JPMorgan said, “The surge in Iran’s crypto activity highlights the 
role of cryptocurrencies as a safe haven asset in countries experiencing 
economic and monetary instability and geopolitical stress.” The bank cited 
Chainalysis data showing increased Iranian crypto activity after the outbreak 
of war, including transfers from domestic exchanges into self-custody wallets 
and international platforms. That combination of borderless settlement, self- 
custody and round-the-clock trading sits at the center of the bank’s argument. 
Bitcoin’s momentum indicators, which had fallen into oversold territory, are 
now moving back toward neutral, JPMorgan said, suggesting selling pressure may 
be easing. Gold and silver momentum, by contrast, swung from overbought to 
below-neutral as liquidations accelerated. The bank’s liquidity work points 
the same way: gold’s market breadth has now fallen below bitcoin’s, while 
silver’s thinner depth has made its decline even more violent. At press time, 
BTC traded at $68,597. Featured image created with DALL.E, chart from 
TradingView.com

JPMorgan Says Bitcoin Is Beating Gold And Silver During The Iran War

Vietnam detained ONUS-linked suspects in an alleged crypto fraud probe 
involving token sale promotions, price manipulation, and user losses.

Cryptocurrency price in EUR