Onchain analysts say Shapeshift founder Erik Voorhees appears to be quietly 
rebuilding a sizable ethereum position—snapping up roughly $56.5 million worth 
of ETH over the weekend—though the activity has not been publicly confirmed by 
Voorhees himself. Onchain Data Shows Possible $56M ETH Accumulation by Crypto 
Veteran Erik Voorhees Blockchain data reviewed by onchain trackers indicates 
[…]

Crypto Veteran and Shapeshift Founder Erik Voorhees Appears to Scoop up Nearly 25,000 ETH, Analysts Say

Bitcoin is showing early signs of recovery after firmly holding a major 
confluence support zone. The strong reaction from this level suggests that 
buyers have stepped in to absorb selling pressure. With the market beginning 
to stabilize, attention is now turning to whether this defense could mark the 
start of a broader bullish reversal. How Bitcoin Defends Major Confluence Zone 
Bitcoin has successfully defended a major confluence zone and is beginning to 
show early signs of recovery. According to Cryptorphic, after consolidating 
around the 200-week EMA and the Weekly Fair Value Gap between $70,000 and 
$76,000, market behavior appears to be shifting from absorption into the early 
stages of a potential trend reversal. Related Reading: Bitcoin Probes $73,000 
Liquidity Pocket: Is The Next Leg Toward $80,000 Loading? From a key level 
perspective, the reclaimed support zone now sits between $70,500 and $73,900, 
where buyers have stepped in to stabilize the market. On the upside, 
resistance lies between $80,600 and $85,000, which represents the next major 
hurdle for bulls. However, the bullish outlook would be invalidated if Bitcoin 
records a weekly close back below the $68,000 level. Recent technical 
developments also support the improved structure. The latest weekly candle has 
formed a strong bullish setup right at the 200-week EMA, indicating that the 
earlier wave of aggressive sell-side pressure was absorbed by strong demand. 
Price has also reclaimed the $73,900 level, effectively flipping the former 
demand zone back into an active support area. The long lower wicks seen in 
previous weekly candles further reinforce this view. Rather than random noise, 
they point to consistent buying interest and institutional accumulation during 
the pullback. With selling pressure appearing to fade, the path of least 
resistance now seems tilted toward the upper boundaries of the previous range. 
BTC Breaks Out of Local Compression Charting the path ahead, Cryptorphic 
pointed out that Bitcoin appears to be breaking out of its immediate local 
compression phase. If the price can maintain strength above the $74,000 level, 
it would support the idea that a higher-timeframe base has already formed. 
Under that scenario, the next key objective for bulls would be a move toward 
$80,600, a level that previously served as a breakdown point. Related Reading: 
Is Bitcoin Price Bottom In? MVRV Z-Score Says ‘Not Yet’ Should Bitcoin manage 
to push beyond the $85,000 mark, the outlook could shift even more decisively 
to the upside. A breakout above that resistance is expected to trigger a fresh 
impulsive move, potentially toward the $100,000 psychological milestone. From 
a broader perspective, the bias remains bullish. The recent correction has run 
its course, while the strong reaction at the 200-week EMA suggests that the 
market structure has been successfully defended. Thus, the environment 
continues to favor a long-term “buy the dip” strategy, with the market 
potentially rewarding those who accumulated during the retest of the $70,000 
region. Featured image from Pixabay, chart from Tradingview.com

Bitcoin Shows Early Trend Reversal Signs After Major Support Hold

Regulators found 6.65 million violations at Bithumb, including 45,772 crypto 
transfers involving 18 unregistered overseas VASPs.

South Korea fines Bithumb $24M, orders 6-month partial business suspension

At the time of writing, Bitcoin (BTC) trades in the highs $73,000, 
outperforming both equities and gold in late‑quarter trading. A Late-Quarter 
Bitcoin Plot Twist Tensions around Iran and the Middle East are intensifying, 
yet BTC is rallying. According to a QCP Market Colour from today, we might be 
bracing for “a late-quarter plot twist” as not only BTC broke through key 
resistance and rose above the $74,000 area on Monday morning, but Ethereum 
(ETH) is following along, trading around $2.7k at the present moment. Related 
Reading: Bitcoin Eyes Mid-$80,000s As Peter Brandt Flags ‘Horn’ Pattern The 
Comeback Of The “Digital Gold”? The “digital gold” and “geopolitical hedge” 
narratives that had had been questioned earlier in the year seem to be making 
a strong comeback. The market insight from QCP suggests that the reason for 
this is that, as tensions around Iran do nothing but continue to rise, the on- 
chain users have embarked on a search for cross-border liquidity and capital 
mobility. This need explains that stablecoin liquidity is also surging. Last 
week, USDC supply set a fresh all‑time high above $81 billion, lifting overall 
stablecoin float and signaling fresh dollar liquidity coming on‑chain. On the 
derivatives side, QCP flags bitcoin’s spot price closing in on a big month‑end 
call strike, with about 8,000 contracts targeting higher prices. A decisive 
move above $75,000 dollars could spark a gamma‑driven buying rush, but $74.500 
dollars is the first key barrier, with a pocket of short positions waiting to 
be liquidated just above that level. Key spot levels to watch this week are 
$70,000–$71,000 as major support and $75,000 as the line that would confirm a 
more sustained bullish trend if broken with volume. Related Reading: Ethereum 
Price Rockets Above $2,200 as Bulls Tighten Market Control Michael Saylor is 
betting on a similar bitcoin rebound as the one we saw back in the first phase 
of the Russia‑Ukraine conflict in 2022, only now without the same kind of 
systemic blow‑ups, in the light of Trump’s Clarity Act. Strategy, Saylor’s 
Bitcoin-maximalist corporation, has just announced that it acquired $1.57 
billion worth of BTC. They now hodl around 761,068 BTC. Strategy has acquired 
22,337 BTC for ~$1.57 billion at ~$70,194 per bitcoin. As of 3/15/2026, we 
hodl 761,068 $BTC acquired for ~$57.61 billion at ~$75,696 per bitcoin. $MSTR 
$STRC https://t.co/6hv6PjzOKQ — Michael Saylor (@saylor) March 16, 2026 What 
This Means For Traders As BTC increasingly trades again like “digital safe 
haven” beta, sensitive to war and macro headlines but supported by structural 
ETF and corporate demand, the trade‑off is clear: dips into the $70k–71k 
support zone may attract buyers, while a daily close above $75,000 could open 
the door to a momentum‑driven extension toward $80k. However, failure at 
resistance risks a sharp long‑liquidation could flush bitcoin back into the 
high‑$60ks. BTC’s price trends to the highs $73k on the daily chart. Source: 
BTCUSD on Tradingview Cover image from Perplexity, BTCUSD chart from 
Tradingview

Bitcoin Price Hits $74K As Geopolitical Tensions Spike, Is BTC Poised For a Fresh Leg Down?

Bitcoin price rallied to a 5-week high of $74,157 on Monday morning amid 
institutional and whale accumulation. Can the bellwether climb past the 
$75,000 psychological support level ahead of the Federal Reserve interest rate 
decision set to be revealed later…

Cryptocurrency price in THB