Senator Chris Murphy says it’s likely people close to Donald Trump with 
“inside information” made bets on prediction markets on when the US would 
strike Iran.

Dems plan bill to curb prediction markets after ‘very specific’ Iran strike bets

XRP may be nearing a potential rebound as Binance funding rates plunge into 
extreme negative territory, a market setup historically tied to short squeezes 
and swift upside moves when heavily crowded short positions unwind. XRP 
Funding Rates Flash Contrarian Signal as Bearish Sentiment Reaches Extreme 
Levels XRP may be approaching a potential market signal as […]

XRP Signals Potential Short-Squeeze Setup as Binance Funding Rates Turn Deeply Negative

Ethereum price started a fresh increase and tested $2,200. ETH is now 
correcting gains and might decline further if it trades below $2,030. Ethereum 
started a downside correction below the $2,120 zone. The price is trading 
above $2,065 and the 100-hourly Simple Moving Average. There is a key bullish 
trend line forming with support at $2,030 on the hourly chart of ETH/USD (data 
feed via Kraken). The pair could start a fresh decline if it stays below the 
$2,135 zone. Ethereum Price Starts Downside Correction Ethereum price started 
a fresh increase above the $2,065 resistance, like Bitcoin. ETH price rallied 
above the $2,120 and $2,150 resistance levels. The bulls even pumped the price 
above $2,180. A high was formed at $2,200 before there was a downside 
correction. The price dipped below $2,120 and tested the 50% Fib retracement 
level of the upward move from the $1,929 swing low to the $2,200 high. 
Ethereum price is now trading above $2,065 and the 100-hourly Simple Moving 
Average. There is also a key bullish trend line forming with support at $2,030 
on the hourly chart of ETH/USD. If the bulls remain in action above $2,030, 
the price could attempt another increase. Immediate resistance is seen near 
the $2,100 level. The first key resistance is near the $2,135 level. The next 
major resistance is near the $2,150 level. A clear move above the $2,150 
resistance might send the price toward the $2,200 resistance. An upside break 
above the $2,200 region might call for more gains in the coming days. In the 
stated case, Ether could rise toward the $2,250 resistance zone or even $2,320 
in the near term. More Losses In ETH? If Ethereum fails to clear the $2,135 
resistance, it could start a fresh decline. Initial support on the downside is 
near the $2,065 level. The first major support sits near the $2,030 zone, the 
trend line, and the 61.8% Fib retracement level of the upward move from the 
$1,929 swing low to the $2,200 high. A clear move below the $2,030 support 
might push the price toward the $2,000 support. Any more losses might send the 
price toward the $1,965 region. The main support could be $1,920. Technical 
Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the 
bullish zone. Hourly RSI &#8211; The RSI for ETH/USD is now below the 50 zone. Major 
Support Level – $2,030 Major Resistance Level – $2,135

Ethereum Price Corrects Gains, Drifts Toward Key Support Zone

Bitcoin is regaining strength after pushing back above the $70,000 level, a 
move that has helped restore a degree of bullish sentiment following weeks of 
heightened volatility. The recovery comes after a turbulent period for global 
markets, during which geopolitical developments and macro uncertainty 
triggered sharp swings in price action across risk assets. Related Reading: 
Manufacturing The Bitcoin Reserve: Inside The Trump Family’s 11,000-Miner 
Expansion At American Bitcoin According to a recent report from CryptoQuant by 
XWIN Research Japan, Bitcoin experienced notable volatility between late 
January and early March 2026. During this period, the asset briefly fell into 
the mid-$60,000 range before staging a sharp rebound in early March that 
lifted prices back toward the $73,000 area. The report notes that the initial 
decline was largely triggered by geopolitical developments. On February 28, 
reports of a US–Israel military strike on Iran escalated tensions across the 
Middle East, injecting significant uncertainty into global markets. As risk 
sentiment deteriorated, Bitcoin quickly dropped to roughly $63,000 on February 
29. However, the sell-off proved short-lived. Market conditions stabilized 
within days, and by March 2 Bitcoin had already recovered to around the 
$70,000 level. Momentum accelerated shortly afterward, as renewed buying 
pressure between March 4 and March 5 pushed BTC above $73,000, signaling a 
potential shift in short-term sentiment as investors reassess the broader 
market environment. ETF Inflows And Short Covering Fuel Bitcoin’s Rebound The 
CryptoQuant report further explains that renewed inflows into US spot Bitcoin 
ETFs played a major role in driving the recent rebound. In early March, 
several hundred million dollars flowed into these investment vehicles, 
providing direct support to spot market demand. On March 4 alone, ETF inflows 
exceeded $200 million, highlighting a resurgence in institutional 
participation after a period of weaker activity. Derivatives markets also 
contributed significantly to the rally. Open Interest increased sharply while 
funding rates shifted into negative territory, indicating that many traders 
had positioned aggressively on the short side. As Bitcoin’s price began to 
rise, these crowded short positions were forced to unwind, triggering waves of 
short liquidations that amplified upward momentum through short covering. On- 
chain indicators present a more nuanced picture. The report notes that some 
bearish signals remain, including the 90-day Realized Profit/Loss Ratio 
staying below 1.0 and a growing share of coins currently held at unrealized 
losses. At the same time, constructive developments are emerging beneath the 
surface. One example is the Coinbase Premium Index, which recently returned to 
positive territory after an extended period of negative readings. This shift 
suggests that demand from US-based investors is beginning to recover. The move 
toward $73,000 appears to be driven primarily by a combination of ETF inflows 
and short-covering in derivatives. Related Reading: The $11,000 Deficit: Why 
the Record $8.9B Bitcoin ETF Drawdown Is Paralyzing Wall Street’s BTC Appetite 
Bitcoin Breaks Above Key Resistance As Momentum Strengthens The chart shows 
Bitcoin trading near $73,100 after a strong upward move that pushed the price 
decisively above the $70,000 level. This breakout follows several weeks of 
consolidation between roughly $64,000 and $69,000, where the market repeatedly 
tested both support and resistance without establishing a clear direction. 
From a technical perspective, the recent rally allowed Bitcoin to reclaim its 
short-term moving averages, including the 50-period and 100-period lines, 
which had previously acted as resistance during the consolidation phase. The 
ability to break above these levels suggests a shift in short-term momentum as 
buyers regain control of the market. Related Reading: Surpassing FTX-Era Lows: 
38% Of Altcoins Hit Record Lows As Liquidity Abandons The Crypto Fringe Price 
is now approaching the 200-period moving average, which sits slightly above 
the current level and represents a key technical barrier near the $74,000 
region. This level could act as the next resistance zone, as longer-term 
participants often use it as a reference for trend confirmation. Volume has 
also increased during the breakout, indicating stronger participation as the 
market moves higher. The sharp upward candles reflect aggressive buying 
pressure, which aligns with the short-covering dynamics observed in 
derivatives markets. If Bitcoin manages to consolidate above $70,000, the 
breakout could establish this level as a new support zone. However, failure to 
maintain this structure could lead to another retest of the $68,000–$69,000 
region before the market attempts a new directional move. Featured image from 
ChatGPT, chart from TradingView.com

The $73,000 Test: Crowded Shorts And Negative Funding Fueled Bitcoin’s 15% Recovery

Bitcoin price started a steady increase above $70,500 and $72,500. BTC is now 
consolidating and might aim for a fresh increase above $72,500. Bitcoin 
started a fresh increase after it settled above the $70,000 zone. The price is 
trading above $70,000 and the 100 hourly simple moving average. There is a 
bullish trend line forming with support at $69,000 on the hourly chart of the 
BTC/USD pair (data feed from Kraken). The pair might dip again if it trades 
below the $70,000 and $69,000 levels. Bitcoin Price Starts Downside Correction 
Bitcoin price extended its increase above the $68,500 zone. BTC gained pace 
for a move above the $70,000 resistance zone. The price even rallied above the 
$72,000 resistance. Finally, the bears appeared near $74,000. A high was 
formed at $74,062, and the price recently started a downside correction. There 
was a move below $72,000 and 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 $69,000 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 $72,000 level. The first key 
resistance is near the $72,500 level. A close above the $72,500 resistance 
might send the price further higher. In the stated case, the price could rise 
and test the $73,200 resistance. Any more gains might send the price toward 
the $74,000 level. The next barrier for the bulls could be $75,000 and 
$75,500. Downside Correction In BTC? If Bitcoin fails to rise above the 
$72,000 resistance zone, it could start another decline. Immediate support is 
near the $70,000 level or the 50% Fib retracement level of the upward move 
from the $66,164 swing low to the $74,062 high. The first major support is 
near the $69,000 level. The next support is now near the $68,500 zone. Any 
more losses might send the price toward the $68,000 support in the near term. 
The main support now sits at $66,200, 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 below the 50 level. Major Support Levels – $70,000, 
followed by $69,000. Major Resistance Levels – $72,000 and $72,500.

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