Bitcoin just dropped 24% from its all-time high — what happens next? Analysts say BTC is “very close to its local bottom,” but could a Black Swan event send it crashing even lower? Macro turmoil shakes Bitcoin Bitcoin’s (BTC) price…

“What we’re seeing now is looking just like March 2017”. Analysts explain why Bitcoin could soon recover — or crash harder

Right now, NEAR Protocol is going through a tough time, with its token on the 
decline. The big question is, how long will this downward trend last, and can 
the token regain its former strength? Let’s take a closer look…

NEAR Protocol price prediction 2025-2030: Is there hope for a recovery?

The Kaito project, merging AI and data analysis, launched its KAITO token in 
February 2025 through an airdrop. While the token’s listing generated a lot of 
hype, the distribution method has left the community with mixed reactions. In 
this article,…

What is Kaito coin? Kaito controversy explained

Bitcoin (BTC) price has risen 8% from its March 11 low of $76,703, driven in 
part by large investors aggressively buying the dip with leverage.
Margin longs on Bitfinex surged to their highest level since November 2024, 
adding 13,787 BTC over 17 days. Currently standing at $5.7 billion, this 
bullish leveraged positioning signals confidence in Bitcoin&#8217;s upside potential 
despite recent price weakness.
_Bitcoin/USD (orange, left) vs. Bitfinex BTC margin longs (right). Source: 
TradingView / Cointelegraph_
Some analysts argue that Bitcoin&#8217;s price is closely linked to the global 
monetary base, meaning it tends to rise as central banks inject liquidity.
With recession risks mounting, the likelihood of expansionary monetary 
policies increasing the money supply grows. If this correlation holds, 
Bitfinex whales could be well-positioned to capitalize on a rally above 
$105,000 in the next two months.
_Source:__pakpakchicken_
For instance, X user Pakpakchicken claims to have identified an 82% 
correlation between the global money supply (M2) and Bitcoin&#8217;s price.
When central banks drain liquidity by raising interest rates or reducing bond 
holdings, traders become more risk-averse, leading to weaker demand for 
Bitcoin. Conversely, periods of monetary easing tend to fuel greater investor 
interest in the asset, increasing its price potential.
## **Bitfinex whales go long BTC as M2 bottoms**
In early September 2024, Bitfinex margin traders added 7,840 BTC in long 
positions, coinciding with a period of bearish momentum as Bitcoin struggled 
to reclaim the $50,000 level for over three months.
Despite the downturn, Bitfinex whales held their positions, and Bitcoin&#8217;s 
price surged past $75,000 less than two months later. Notably, the global M2 
money supply bottomed out around the same time these traders increased their 
Bitcoin exposure, further reinforcing the correlation.
It may be impossible to establish a direct cause-and-effect relationship 
between money supply and investors&#8217; willingness to accumulate Bitcoin, 
especially given the influence of major events during these periods.
For example, Donald Trump&#8217;s election as US president in November 2024 
significantly fueled Bitcoin&#8217;s rally due to the new administration&#8217;s pro- 
crypto stance, regardless of global M2 trends and liquidity conditions.
_Spot Bitcoin ETF net flows, USD. Source: CoinGlass_
Similarly, Michael Saylor&#8217;s latest plan to raise up to $21 billion in fresh 
capital for Strategy to acquire more Bitcoin could shift market dynamics, even 
accounting for the $4.1 billion in net outflows from Bitcoin spot exchange- 
traded funds (ETFs) since Feb. 24.
Strategy remains the largest corporate Bitcoin holder, with 499,096 BTC 
acquired at a total cost of $33.1 billion, reinforcing its long-term bullish 
strategy.
## **Clearer crypto regulation, Strategy capital increase**
In essence, the expansion of the global money supply may have influenced the 
increase in Bitfinex margin longs, but Bitcoin&#8217;s push toward $105,000 could be 
primarily driven by industry-specific news and events.
A Wall Street Journal report on March 13 revealed that representatives of 
Donald Trump have held discussions about potentially acquiring a stake in 
Binance.
_**Related:**__**US Bitcoin ETFs break outflow streak with $13.3M inflow**_
So far, the market impact of a more crypto-friendly US government has yet to 
yield concrete benefits.
For example, the Office of the Comptroller of the Currency (OCC) has not yet 
clarified whether banks can custody digital assets and manage stablecoins 
without prior approval.
Similarly, Acting SEC Chairman Mark Uyeda announced plans to remove crypto- 
specific provisions from a proposed rule that would expand exchange 
definitions.
The US Securities and Exchange Commission is currently reviewing requests from 
spot Bitcoin ETF issuers to permit in-kind creations and redemptions, allowing 
shares to be exchanged directly for Bitcoin instead of using the traditional 
cash-based method.
Meanwhile, global macroeconomic conditions have deteriorated, putting pressure 
on Bitcoin&#8217;s price. However, these same factors gradually push governments 
toward economic stimulus measures and expand the M2 money supply.
If this trend continues, it should ultimately create conditions for Bitcoin&#8217;s 
price to meet Pakpakchicken&#8217;s $105,000 prediction by May 2025 and possibly go 
even higher.
This article is for general information purposes and is not intended to be and 
should not be taken as legal or investment advice. The views, thoughts, and 
opinions expressed here are the author&#8217;s alone and do not necessarily reflect 
or represent the views and opinions of Cointelegraph.

Crypto regulation shifts as Bitcoin eyes $105K amid liquidity boost

​The U.S. Senate Banking Committee has approved the Guiding and Establishing 
National Innovation for U.S. Stablecoins Act, moving it toward a Senate vote. 
Introduced by Senator Bill Hagerty, the bill seeks to establish a federal 
framework for stablecoin regulation. ​…

Senate committee advances GENIUS Act in bipartisan vote

The Solana price is seemingly on the verge of another major crash, as an 
analyst forecasts a correction to $90. Given the cryptocurrency’s recent slow 
momentum due to the ongoing market letdown, an additional 26% decline to new 
lows could significantly impact the future outlook of Solana. Analyst Forecast 
Massive SOL Price Crash CoinMarketCap’s data shows that the Solana price has 
given up most of its yearly gains following its massive 50% price crash 
earlier last month. Despite this bearish performance, TradingView crypto 
analyst MadWhale highlights that the pain isn’t over yet, projecting an even 
deeper price decline for the popular altcoin. Related Reading: Solana Price On 
The Verge Of 2022-Like Crash To Send It Back To $22? The analyst believes that 
a 26% drop to $90 may be on the horizon if Solana fails to find proper 
support. Sharing a detailed price that supports his bearish prediction, 
MadWhale suggested that the Solana price is currently in a Descending Channel, 
indicating a sustained downtrend. The chart shows that the altcoin’s price 
movement is making lower highs and lower lows, confirming its already bearish 
structure. Moreover, Solana is presently struggling to break above the key 
resistance area indicated by a straight red line above the $130 threshold. The 
curved red arrow in the chart highlights the trajectory to which Solana is 
expected to move if it fails to surpass resistance levels. The $90 level is 
also marked as the main monthly support for the altcoin, where a potential 
bounce back or accumulation is set to arise. If Solana can retest this support 
level, MadWhale believes it could recover enough to sustain a lengthy upward 
trend. While Solana’s overall price position and market trend are in the red, 
the TradingView analyst acknowledges that temporary bullish movements could 
happen. However, these minor fluctuations would be short-lived, as they are 
part of the broader downtrend. Notably, MadWhale has marked the $100 mark as a 
psychological resistance level for the Solana price, where a decline toward 
this threshold could influence its market sentiment. Solana Market Sentiment 
Switches To Fear Solana’s market sentiment recently hit 1-year lows, but on- 
chain data shows an even more volatile trend. The altcoin’s Fear and Greed 
index at 34 indicates that it may be approaching extreme fear zones. This 
suggests a potential period of panic-driven sell-offs by investors. Related 
Reading: Solana Forms Ascending Triangle For Possible Breakout, Analyst Sets 
$565 Target CoinCodex’s data also highlights that Solana&#8217;s overall market 
trend is significantly bearish. Over the last 30 days, Solana has recorded 
more red days than green, signaling a prolonged downtrend. As a result of its 
bearish price action, CoinCodex indicates that now may be a bad time to buy 
the altcoin. Commenting on Solana’s current market sentiment, crypto analyst 
Market Prophit notes that the crowd remains bearish on the cryptocurrency. 
However, smart money stays bullish, fueling hopes of a possible price reversal 
in the altcoin. Featured image from Adobe Stock, chart from Tradingview.com