Market Signal Briefing

Bitcoin has bounced hard after the liquidation washout in February and is trying to rebuild a short-term uptrend. The asset is now pushing into a heavy resistance band where the last breakdown started, so this move looks more like a recovery leg inside a broader corrective structure than a clean trend reversal.

The key question is whether buyers can turn this squeeze into sustained demand or if it stalls where trapped holders are waiting to sell.

Bitcoin Price Analysis: The Daily Chart On the daily timeframe, BTC has rallied from the major demand area around $60,000 toward the $72,000 to $75,000 resistance zone. It lines up with the lower part of the previous distribution range and sits just below the declining 100-day moving average, which still caps the medium term trend to the downside.

The price has also climbed back to the upper band of the falling channel that has guided the downtrend since late last year, so this area is where analysts usually ask if the move is just a relief rally or the start of a larger base. A daily close above this resistance cluster and a clean breakout of the channel would be the first real signal that sellers are losing control, and that a new bullish market is in the making.

BTC/USDT 4-Hour Chart On the 4-hour chart, the drop from early February has turned into a broad consolidation inside a symmetrical triangle that was broken upward in the past few days. The price squeezed out of the contracting range and ran straight into the upper green zone, where it is now moving sideways under roughly $73,000 to $75,000.

The 4-hour RSI is in the strong region and has reached the overbought zone after a sharp vertical leg, which often leads to either a pause or a short-term pullback before any further push higher.

Yet, as long as Bitcoin holds above the broken triangle and the bullish imbalances formed around $70,000, the path of least resistance stays toward a retest of the upper resistance, but a failure back inside the old range would warn that the breakout was mainly a squeeze, and that more downside is probable.

Sentiment Analysis Bitcoin funding rates across futures exchanges flipped deeply negative during the recent consolidation after the crash, and have stayed mostly below or around zero even while the price bounced. This indicates that many traders are paying to hold short positions into the lows and are now being forced to cover as the market moves against them, which fits the idea of a squeeze-driven rebound rather than a pure fresh spot demand.

The fact that funding is only slowly creeping back toward neutral shows that there is still caution and even residual bearish positioning in the derivatives market.

If this rally continues while funding remains modest, it suggests the move is being supported by real buying and unwinding of crowded shorts, but if funding spikes positive quickly near resistance levels, it would signal that late longs are chasing and that the risk of another shakeout is rising.

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The total supply of XRP is capped at 100 billion tokens, a factor shaping its long-term outlook. Unlike mined cryptocurrencies, XRP was pre-mined by Ripple Labs, with a large share still held in escrow and released gradually, giving the market a predictable supply schedule.

Crypto analyst Levi argues that this fixed supply could make even small XRP holdings meaningful if global adoption grows. He notes that only a tiny fraction of the world currently owns XRP, meaning scarcity could become a powerful driver of future price growth.

“Less Than 1% of the World Owns XRP.”Levi summarized the situation with a simple observation:

“Less than 1%, far less than 1%, of the world right now has any amount of XRP. If just 1% of the global population held XRP, the price could easily reach triple digits.”

He points to data from the XRP Ledger showing that the number of wallets holding XRP is extremely small compared to the world’s population. While there are millions of accounts on the network, many of them are inactive or controlled by the same users.

After adjusting for dormant wallets and duplicate addresses, Levi estimates that only around 2 to 3 million people globally actually hold XRP, representing roughly 0.02% to 0.03% of the world’s population.

XRP Supply and Wallet DistributionAnother key factor in Levi’s analysis is how XRP is distributed across wallets.

He explains that the vast majority of XRP holders own fewer than 500 tokens, while the number of wallets holding more than 25,000 XRP drops sharply. The average wallet holds around 8,648 XRP, but large holdings are relatively rare.

At the same time, a significant portion of XRP’s supply is locked away. Roughly 33 billion XRP sits in escrow, meaning it cannot currently enter circulation. This effectively reduces the available supply that markets can trade.

For analysts, this combination of limited supply and a small holder base creates a powerful supply-demand dynamic if adoption increases.

The Catalysts That Could Drive AdoptionLevi believes three major developments could dramatically expand XRP usage.

First is institutional adoption. He notes that Ripple designed XRP as a bridge asset for cross-border payments, allowing banks and financial institutions to settle international transfers instantly without maintaining pre-funded accounts.

If major banks, payment processors, and remittance companies begin using the technology at scale, millions of users could indirectly interact with the XRP Ledger.

Second is the growth of stablecoins and tokenization. If financial assets like funds, treasuries, or securities are tokenized on the XRP Ledger, everyday financial activity could flow through the network.

Third is global expansion, particularly across Asia-Pacific markets, where Ripple is building partnerships and developer programs.

Why Early Holders Could BenefitBased on these adoption scenarios, Levi estimates that if the number of XRP holders increased 100-fold, the token’s price could theoretically climb toward $140 per coin, pushing its market capitalization into the trillions.

While such projections remain speculative, his core message is simple: with such a small percentage of the world currently holding XRP, today’s investors may still be early in the adoption cycle.

Never Miss a Beat in the Crypto World!Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

FAQsWhat is the total supply of XRP?

XRP has a fixed supply of 100 billion tokens, with a large portion held in escrow and released gradually to control circulation.

How many people own XRP globally?

Only about 2–3 million people hold XRP, less than 0.03% of the world’s population, making it a rare and potentially valuable asset.

What could drive XRP adoption?

Institutional adoption, tokenized assets, and global expansion can increase XRP usage, boosting demand and potential price growth.

How can early holders benefit from XRP?

With adoption still low, early holders may gain if more people and institutions use XRP, potentially driving prices higher over time.

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Bit Digital Inc (NASDAQ:BTBT) reported its monthly Ethereum treasury and staking metrics for February 2026, outlining the size and value of its digital asset holdings as well as staking activity during the period.

As of February 28, the company held about 155,434 Ethereum (ETH). Based on a closing ETH price of about $1,965 at the end of the month, the holdings had a market value of roughly $305.4 million.

Bit Digital said its total average acquisition price for all ETH holdings was approximately $3,045 as of February 28.

The company reported that about 138,269 ETH, representing roughly 89% of its total holdings, were staked on the Ethereum network. During the month, staking operations generated about 313.9 ETH in rewards, corresponding to an annualized yield of approximately 2.7%.

Bit Digital also reported about 324.8 million shares outstanding as of the end of the month.

In addition to its Ethereum holdings, the company said it owns approximately 27 million shares of WhiteFiber, which had a market value of about $455.7 million as of the month-end.

TL;DR

Bitcoin Inflows: Bitcoin ETFs added $462 million as BTC traded above $73,000, marking a strong continuation of institutional demand. ETF Momentum: BlackRock’s IBIT led with more than $306 million, contributing to a three‑day streak that pushed weekly flows toward $1.1 billion. The broader market also saw meaningful inflows, with Ethereum, Solana, and XRP ETFs experiencing notable growth, signaling expanding institutional interest across multiple crypto assets.
Bitcoin ETFs experienced another strong wave of demand, with inflows reaching $462 million, coinciding with Bitcoin trading above $73,000 and maintaining firm momentum across the broader market. The renewed appetite reflects a shift in sentiment after weeks of uneven flows, with institutional investors steadily increasing exposure through regulated products. The combined data from recent sessions shows a market leaning back toward accumulation as capital rotates into both Bitcoin ETFs and other alternative crypto funds.

BlackRock Leads Another Heavy Inflow Session BlackRock’s IBIT once again dominated Bitcoin ETFs’ activity, pulling in more than $306 million and reinforcing its position as the primary destination for institutional Bitcoin exposure. Fidelity’s FBTC added $48 million, while ARK Invest’s ARKB brought in $14.6 million. Additional contributions from Bitwise, Invesco, Franklin Templeton, WisdomTree, VanEck, and Valkyrie highlighted broad participation across issuers. The consistency of these inflows suggests that large investors remain confident in Bitcoin’s trajectory as prices stay elevated.

Three‑Day Streak Pushes Weekly Flows Toward $1.1B The latest inflows extended a three‑day streak that has now totaled roughly $1.1 billion, marking one of the strongest weekly performances since the products launched. Nearly all US spot Bitcoin ETFs recorded inflows, with only one fund reporting no activity. Analysts noted that most ETFs have turned net positive for the year after recovering from a five‑week outflow stretch that previously erased billions. The shift indicates improving sentiment as market conditions stabilize.

Ethereum and Alternative Crypto ETFs Gain Momentum Spot Ethereum ETFs also saw renewed demand, collecting $169 million as investors broadened their allocations beyond Bitcoin. BlackRock’s ETHA led with $39.3 million, followed by Fidelity’s FETH and VanEck’s ETHV. Grayscale’s ETHE added $21.9 million, signaling a steady return of interest. Solana ETFs brought in $19.1 million, while XRP products added $4.19 million, showing that institutional appetite for diversified exposure continues to expand across multiple asset categories.

Institutional Participation Strengthens Market Outlook The continued inflows across Bitcoin, Ethereum, and alternative crypto ETFs underscore the growing role of institutional capital in shaping the current market cycle. Spot ETFs have become a preferred entry point for traditional investors seeking regulated access without directly holding digital assets. If inflows maintain this pace, analysts believe ETFs could remain a major catalyst supporting Bitcoin and the broader crypto market in the months ahead.

According to widely circulating reports, Sky News Arabia has reported that Iran’s Deputy Foreign Minister said the country is prepared to abandon its entire nuclear program if the United States presents a satisfactory alternative offer.

Bitcoin is trading around $72,855 at the time of writing, recovering from the lows it hit when US and Israeli forces launched strikes on February 28.

The Iran War’s Impact on CryptoWhen the conflict began, Bitcoin dropped sharply, falling to around $63,000 in a matter of hours. Over $300 million in long positions were liquidated.

Oil jumped 7% as traders priced in potential disruption to the Strait of Hormuz, the chokepoint through which roughly one-fifth of the world’s daily oil supply passes. With energy prices rising, inflation concerns followed.

Former US Treasury Secretary Janet Yellen captured the knock-on effect for crypto directly: “I think the recent Iran situation puts the Fed even more on hold, more reluctant to cut rates than they were before this happened.”

With the Federal Reserve’s March 18 meeting already in focus, a rate cut is now widely considered off the table. Higher rates mean tighter liquidity and tighter liquidity has historically weighed on risk assets including Bitcoin.

A ceasefire or deal would put that chain in reverse: oil falls, inflation pressure eases, and the conditions for a Fed pivot improve.

Also Read: Will Bitcoin Recover or Crash to $40K Next? Analysts Can’t Agree

What Analysts Are SayingSungHoon Lee, who claims to be the world’s highest IQ holder with a score of 276 and an XRP ambassador, said: “BTC to $100K isn’t a question anymore. It’s a countdown,” citing the potential for mass liquidation of short positions opened during the war.

⚠️ THE SINGLE BIGGEST NEWS OF 2026 JUST DROPPED.

🇮🇷 Iran says it is READY to ABANDON its ENTIRE nuclear program — if the U.S. offers a satisfactory deal.

Read that again.

ABANDON. THE. NUCLEAR. PROGRAM.

🔴 WHY THIS CHANGES ABSOLUTELY EVERYTHING:

🛑 The #1 reason for this war… pic.twitter.com/Y3IdIeXQtq

— SungHoon Lee, IQ 276 (@sungleeiq) March 5, 2026 Lee argued that five days of conflict compressed years of geopolitical tension into a single week and that Iran’s willingness to drop its nuclear program removes the single biggest fear that drove markets lower in the first place.

Meanwhile, Binance had a bullish take as well: “Gold had thousands of years. Equities had centuries. Real estate had civilization. Bitcoin has had 16 years… and it’s just getting started.”

Traders, Beware: Risks RemainThe situation is still fluid, and reports have not been officially confirmed.

US Secretary of Defense Pete Hegseth told Israel to “keep going until the end” in overnight talks with Defense Minister Israel Katz, signalling Washington is not yet ready to stand down.

Iran’s national security officials have also previously denied any outreach to Washington. Polymarket gives a ceasefire by March 31 just 26% odds.

Bitcoin’s first resistance sits at $74,000-$75,000. The next Federal Reserve meeting is March 17-18.

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Your day-ahead look for March 5, 2026 Mar 5, 2026, 12:19 p.m.

By Omkar Godbole (All times ET unless indicated otherwise)

Bitcoin BTC$72,907.04 is rallying alongside the U.S. dollar, a pattern that has surfaced several times since President Donald Trump won the 2024 election.

The cryptocurrency has gained over 10% since the outbreak of war in the Middle East over the weekend. Prices nearly tested the $74,000 mark at one point yesterday and are up over 2% in the past 24 hours. The CoinDesk 20 Index and major tokens including ether (ETH), XRP (XRP) and solana (SOL) rose 2% or more.

For bulls, the rally is notable not just for its magnitude but for the backdrop: It's unfolding amid risk aversion in global equities and alongside a strengthening dollar. The Dollar Index (DXY) has gained over 1% this week and hit a high of 99.68 on Wednesday, a level last seen in November.

That combination may puzzle many market watchers. A stronger greenback typically weighs on dollar-denominated assets like bitcoin, and historically the two have tended to move in opposite directions.

Yet that inverse correlation has repeatedly been challenged since Trump returned to the White House promising pro-crypto policies. Both BTC and the DXY rose in the lead-up to and aftermath of the election, both fell in March–April 2025. Now both are rallying again.

In the meantime, the demand for BTC from the U.S. appears to be strengthening, a constructive signal for the market. The Coinbase Premium index — which measures the spread between prices on the Nasdaq-listed exchange and offshore giant Binance — rose to 0.0227% today, the highest since December, according to data source Coinglass. A premium on Coinbase is typically a sign of stronger demand from U.S. investors.

The focus now is whether the cryptocurrency can penetrate the historical make-or-break zone around $74,000. A decisive breakout would likely bolster investor confidence and draw additional buyers into the market.

Some traders are also watching the U.S. macroeconomy.

"The US Employment Situation report for February is scheduled for March 6 followed by CPI on March 11, and the next FOMC meeting on March 17-18," Vikram Subburaj, CEO of Indian exchange Giottus.com said in an email. "All these are potential volatility catalysts for global risk assets, including crypto."

Other macro observers remain cautious, noting that the current calm tied to the U.S. promise to escort and insure oil tankers may prove fragile.

"All it takes is one Iranian rocket for this fragile equilibrium to pitch into severe discontinuity. The threat of one Iranian rocket hitting paydirt remains real and this isn’t something that can be remedied any time soon," economist Robin Brooks noted in a blog post. Stay alert!

Read more: For analysis of today's activity in altcoins and derivatives, see Crypto Markets Today

What to WatchFor a more comprehensive list of events this week, see CoinDesk's "Crypto Week Ahead".

CryptoNothing scheduled.MacroMarch 5, 8:30 a.m.: U.S. initial jobless claims for week ending Feb. 28 (Prev. 212K)March 5, 8:30 a.m.: U.S. nonfarm productivity QoQ prel for Q4 (Prev. 4.9%)March 5, 4:30 p.m.: U.S. Fed balance sheet update for period ending March 4Earnings (Estimates based on FactSet data)March 5: Rumble (RUM), post-market, -$0.10Token EventsFor a more comprehensive list of events this week, see CoinDesk's "Crypto Week Ahead".

Governance votes & callsUniswap DAO is voting across two linked proposals to expand v2 and v3 protocol fees to eight L2 networks and enable a new tier-based fee system across all v3 pools. Voting ends March 5.Gnosis DAO is voting to provide a grant to fund the continued support, infrastructure, and maintenance of the Revoke.cash security platform. Voting ends March 5.UnlocksMarch 5: Ethena (ENA) to unlock 2.24% of its circulating supply worth $18.35 million.Token LaunchesMarch 5: WhiteBit Token (WBT) lists on Kraken.March 5: Limitless (LMTS) to be listed on Coinbase.March 5: Opinion (OPN) to be listed on Binance, BitMart, BingX, MEXC and others.ConferencesFor a more comprehensive list of events this week, see CoinDesk's "Crypto Week Ahead".

Day 2 of 3: Quant 2026 (Varese, Italy)Market MovementsBTC is down 0.13% from 4 p.m. ET Wednesday at $72,849.18 (24hrs: +2.42%)ETH is down 1.08% at $2,135.84 (24hrs: +3.81%)CoinDesk 20 is down 1.25% at 2,072.03 (24hrs: +2.75%)Ether CESR Composite Staking Rate is up 6 bps at 2.91%BTC funding rate is at 0.0026% (2.8744% annualized) on BinanceDXY is down 0.12% at 98.99Gold futures are up 1.06% at $5,174.30Silver futures are up 2.28% at $84.51Nikkei 225 closed up 1.90% at 55,278.06Hang Seng closed up 0.28% at 25,321.34FTSE 100 is up 0.30% at 10,598.92Euro Stoxx 50 is up 0.13% at 5,878.37DJIA closed on Wednesday up 0.49% at 48,739.41S&P 500 closed up 0.78% at 6,869.50Nasdaq Composite closed up 1.29% at 22,807.48S&P/TSX Composite closed up 0.47% at 33,942.90S&P 40 Latin America closed up 2.26% at 3,619.17U.S. 10-Year Treasury rate is up 3 bps at 4.08%E-mini S&P 500 futures are unchanged at 6,870.50E-mini Nasdaq-100 futures are unchanged at 25,113.50E-mini Dow Jones Industrial Average futures are down 0.18% at 48,710.00Bitcoin StatsBTC Dominance: 59.78% (0.9%)Ether-bitcoin ratio: 0.02938 (0.38%)Hashrate (seven-day moving average): 999 EH/sHashprice (spot): $32.09Total fees: 3.03 BTC / $215,909CME Futures Open Interest: 111,485 BTCBTC priced in gold: 14.1 oz.BTC vs gold market cap: 4.88%Technical AnalysisOpen interest in ZEC futures. (Coinglass)The chart from Coinglass shows daily open interest in zcash (ZEC) futures.Open interest refers to the number of active futures contracts at any given time. The tally has increased to nearly 1.50 million ZEC, rising past a downtrend line. The breakout indicates renewed interest in ZEC futures and higher volatility ahead. Crypto EquitiesCoinbase Global (COIN): closed on Wednesday at $208.93 (+14.57%), +0.10% at $209.14 in pre-marketGalaxy Digital (GLXY): closed at $24.34 (+17.70%)MARA Holdings (MARA): closed at $9.29 (+7.27%), –0.22% at $9.27Riot Platforms (RIOT): closed at $16.53 (+8.11%), +0.24% at $16.57Core Scientific (CORZ): closed at $15.84 (+3.53%)CleanSpark (CLSK): closed at $10.66 (+7.79%), –0.75% at $10.58Exodus Movement (EXOD): closed at $12.16 (+12.28%), unchanged in pre-marketCoinShares Bitcoin Mining ETF (WGMI): closed at $41.20 (+8.76%)Circle Internet Group (CRCL): closed at $105.27 (+5.66%), unchanged in pre-marketBullish (BLSH): closed at $36.86 (+11.29%), –0.49% at $36.68Crypto Treasury Companies

Strategy (MSTR): closed at $146.44 (+10.37%), –0.30% at $146.00Sharplink (SBET): closed at $8.13 (+11.98%), –1.60% at $8.00Upexi (UPXI): closed at $1.08 (+37.58%), +1.85% at $1.10Lite Strategy (LITS): closed at $1.22 (+6.09%)Strive Asset Management (ASST): closed at $9.62 (+15.49%), +0.73% at $9.69ETF FlowsSpot BTC ETFs

Daily net flows: $461.9 millionCumulative net flows: $55.93 billionTotal BTC holdings ~ 1.29 millionSpot ETH ETFs

Daily net flows: $169.4 millionCumulative net flows: $11.83 billionTotal ETH holdings ~ 5.79 millionSource: Farside Investors

While You Were SleepingChina cuts growth target to between 4.5 and 5% (Financial Times): China set a growth target for GDP this year of 4.5%-5%, the lowest in decades, and maintained a higher fiscal deficit as leaders warned of growing “difficulties and challenges” in the economy.Oil pushes higher on sixth day of conflict (The Wall Street Journal): Oil prices pushed higher early Thursday, extending an advance that has rippled through financial markets and threatens to set off convulsions in the global economy.Israel, Iran continue strikes as Middle East conflict enters sixth day (Bloomberg): The war entered its sixth day with no sign of abating. Asia shares rebounded, Europe turned positive.ZeroHash applies for national trust bank charter to expand regulated stablecoin services (CoinDesk): ZeroHash, which develops behind-the-scenes crypto infrastructure for businesses, applied for a U.S. National Trust Bank Charter to operate under federal regulatory oversight.More For You

CoinDesk Research looks into how Pudgy Penguins disrupts traditional toys market via a phygital model. With 2M+ units sold, they scale via global partnerships and events.

What to know:

Disrupting a Stagnant Market: Pudgy Penguins is utilizing a "Negative CAC" model to challenge the traditional $31.7B licensed toy industry by treating physical merchandise as a profitable user acquisition tool rather than just a final product.More For You

Here's why bitcoin climbed through $71,000

Mar 4, 2026

Your day-ahead look for March 4, 2026

What to know:

If you're not already subscribed to the newsletter email, click here.

While Bitcoin (BTC) remains more than 42% below its $126,000 all-time high, several technical setups suggest that the price range between $60,000 and $72,000 may be the new bottom range, before a sustained recovery.

Key takeaways:

Bitcoin’s double bottom pattern suggests that a reversal is underway.

A bottom may form in the coming weeks as the BTC-gold ratio revisits previous cycle lows.

Bitcoin price is retesting a multi-year trend line that has marked previous market bottoms.

BTC: Price drawdown from all-time highs. Source: GlassnodeBTC double-bottom pattern hints at trend reversalBitcoin recovered 21% to a 30-day high of $74,000 from its multi-year low of $60,000 reached on Feb. 6, before retracing to $72,500 on Thursday.

Crypto analyst Jelle said that an “Adam and Eve bottom is still playing out” on Bitcoin’s 12-hour chart. 

An Adam and Eve bottom is a bullish reversal chart pattern indicating a shift from a downtrend to an uptrend. It is a variation of the classic double-bottom pattern, which appears after a downtrend and signals that selling pressure is likely easing.

The pattern confirmed when the price broke out and closed above the neckline (the peak between the two bottoms) at $70,000 on Wednesday, as shown in the chart below.

The bulls must “hold the breakout area, or are we going for another nasty deviation before lower,” the analyst added.

BTC/USD 12-hour chart. Source: JelleEarlier, Cointelegraph reported that a slowdown in profit-taking was a prerequisite for BTC’s ability to hold $70,000 and confirm the recovery. 

Bitcoin-gold chart flashes another bottom signalAs of March, Bitcoin’s price relative to gold has been in a downtrend for 13 months, following its peak in December 2024.

When Bitcoin falls against gold, it signals a risk-off sentiment with investors reducing exposure to BTC. This reflects fears of macroeconomic instability, geopolitical uncertainties, or a liquidity squeeze, favoring gold.

“In the 3 previous cycles, it's taken about 14 months to go from peak to bottom,” CEO at Coinbureau Nic said in a Thursday post on X, adding:

“These also coincided with bear market bottoms.” Bitcoin vs. gold chart. Source: NicAs the ratio bottomed in late 2022, BTC price also hit a macro low of $15,500 before rising 352% to its previous all-time high of $73,800, reached in March 2024.

A similar pattern played out in 2018 and 2014, when Bitcoin price gained between 300% and 450% a year after the BTC/XAU pair bottomed out.

Therefore, the current 13-month drawdown from the last ratio peak suggests the bottom may be imminent.

Bitcoin’s ascending channel hints at a cycle bottomData from TradingView shows BTC price retesting a multi-year support trend line on the monthly time frame.

The chart below shows that this trend line has previously marked bear market bottoms in Bitcoin, as seen in 2018 and 2022.

“Bitcoin is now approaching the historical bottom level at the trend line,” trader and analyst  Coinvo Trading said in a video post on X, adding:

“If history plays out, Bitcoin is going to retest this trend line and then top out somewhere around $500K. ” BTC/USD one-month chart. Source: Cointelegraph/TradingViewFellow analyst Rekt Fencer said that he was “sure the BTC bottom is in” after spotting a similar pattern in the weekly time frame, with the price retesting a trend line that marked the 2022 bottom.

BTC/USD weekly chart. Source: Rekt FencerAs Cointelegraph reported, several technical indicators suggest that Bitcoin is nearing a potential bottom, including the relative strength index (RSI).

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.

Major bitcoin mining companies are increasingly selling portions of their BTC reserves as they pivot toward artificial intelligence (AI) infrastructure. The shift highlights how miners are chasing more predictable revenues from AI data centers amid volatile mining margins.

Ethereum’s price is sitting near a zone that has often marked major cycle lows, according to an MVRV “pricing bands” chart shared by market analyst Ali Charts on X, citing Glassnode data.

ETH MVRV bands flag a familiar “bottom zone”The chart plots ETH’s price (black line) against several MVRV-based bands, which use the market value to realized value ratio to map where the asset has historically looked overheated or deeply discounted.

Ethereum MVRV Pricing Bands. Source: Glassnode/Ali Charts on X

On the right side of the chart, the upper bands sit at about $7,577 (3.2x, red) and $5,683 (2.4x, yellow). Meanwhile, the lower bands appear near $2,367 (1.0x, green) and $1,894 (0.8x, blue).

Ali Charts said ETH is currently trading around the lower band region that has “historically aligned with market bottoms.” On the chart, past periods shaded in green show earlier phases when ETH traded near or below these lower bands before later trend reversals.

MVRV bands are commonly used as a valuation framework rather than a timing tool. They compare today’s market price to the average on-chain cost basis implied by realized value, then place that relationship into zones that have repeated across prior cycles.

Ethereum Wave Count Points to One More High Before Wave Meanwhile, More Crypto Online posted an updated Elliott Wave count for ETH that matches the structure on the Bitcoin chart. The 30 minute setup keeps ETH inside wave (3) and shows wave c of (3) still unfinished.

Ethereum Elliott Wave Structure. Source: More Crypto Online

The chart suggests ETH could print one more high to complete wave c. It maps upside projections at 100 percent 2,351.82, 123.6 percent 2,470.75, 138 percent 2,546.26, and 161.8 percent 2,676.15.

After that, the same chart frames a likely wave (4) pullback zone using Fibonacci retracements at 23.6 percent 2,109.15, 38.2 percent 2,053.97, 50 percent 2,010.44, and 61.8 percent 1,967.82.

It also marks deeper downside reference levels at 78.6 percent 1,820.73 and 88.7 percent 1,599.68, shown as larger support bands if the correction extends.

The conclusion was quite bullish, indicating that XRP could be on its way to a massive price reversal soon.

The broader scale shows that Ripple’s cross-border token has been quite volatile ever since the current cycle began after the US presidential elections in late 2024. At the time, it traded at around $0.60, but exploded to match its 2018 all-time high by January 2025 and eventually broke it in July, setting a new one at $3.65.

The bears took control in the following months, and XRP plunged below $3.00 and $2.00 by the end of the year. After a brief surge to $2.40 on January 6, the asset resumed its downtrend and plunged to a 15-month low on February 5 at $1.11 (on most exchanges).

It reacted well to this decline and even challenged the $1.65 resistance a few weeks later, but to no avail. Although it was stopped there, it still trades at around $1.45 as of press time, which is 30% higher than its local low seen a month ago. Given the resurgence of the crypto market over the past several days, the question now is whether XRP has already bottomed out and, if so, what its next targets are.

ChatGPT Says… To gain some perspective, we consulted three of the most utilized AI chatbots, starting with OpenAI’s solution. It noted that XRP found solid support at the “panic low” of $1.10-$1.15, and its ability to rebound decisively should encourage the bulls. It now trades above another significant structural support located at $1.30-$1.35, which should be a proper line of defense if there’s another leg down.

It placed the odds for a “bottom is in” scenario at 50%, saying that if $1.30 holds and crypto sentiment continues to improve, the cross-border token could be on its way to reclaim the first obstacle on its path to redemption at $1.65. If broken, the next target would be the psychological $2.00 line, followed by the January $2.40 peak.

“XRP could reach $2.50-$3.00 within 6-12 months if the crypto market enters a new expansion phase,” ChatGPT predicted.

In addition, it gave a 30% chance that XRP is currently in a long accumulation phase, which would mean trading within a tight range between $1.20 and $1.90 for the next up to 9 months. The bearish scenario (20%) is the least likely for now, ChatGPT added, and another drop to and below $1.10 is not overly expected unless there’s a major black swan event.

Gemini and Grok – Do You Agree? Gemini’s short answer supported ChatGPT’s belief, saying, “It is highly likely that the $1.11 local bottom is in.” It indicated that higher lows are holding now after that flash crash, even though the asset was stopped at $1.65.

You may also like: Analyst: XRP Must Clear This Key Level to Invalidate Bearish Structure XRP Open Interest Falls 70% to Yearly Lows: What Does it Mean for Ripple’s Price? 472 Million XRP Floods Binance Following Geopolitical Turmoil: Is Ripple’s Price in Danger? Grok also weighed in on the matter, and it had a similar opinion. However, it outlined some of the recent key developments within the Ripple ecosystem that could further boost the underlying token. One of the latest was a major adoption move as the US Depository Trust and Clearing Corporation (DTCC) added Hidden Road Partners CIV US LLC to its NSCC Market Participant Identifiers directory.

This meant that the NSCC update allowed Ripple Prime to route institutional post-trade volumes directly onto the XRP Ledger. Grok added that if these moves continue and impact XRP, the asset could target $2.00-$2.15 in the near term and $2.80-$3.30 by the end of the year.

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Institutional capital is widening its net and causing a surge in altcoin ETF inflows.

On March 4, Crypto ETFs tracking alternative assets recorded significant activity, with Solana Inflows hitting $19.06 million and XRP products securing $4.19 million in net entries, according to SoSoValue.

While Bitcoin continues to command the lion’s share of volume, this $23.25 million combined allocation signals that active managers are beginning to diversify aggressively beyond the market leader. No retail hype cycle. Just size moving in.

Key Takeaways:

Solana Leads Alts: Solana (SOL) ETFs recorded $19.06 million in net inflows on March 4, establishing dominance among non-ETH altcoin products. XRP Accumulation: XRP funds attracted $4.19 million, confirming steady XRP Institutional demand despite broader market volatility. Diversification Signal: The simultaneous inflows into SOL and XRP suggest institutional portfolios are increasingly rotating into high-utility Layer 1 assets. Discover: The best meme coins on Solana

Solana ETFs: Does $19.06M Inflow Signal Future Stablecoin and Tokenization Demand?Solana (SOL) is seeing a specific type of bid. The $19.06 million net inflow recorded on March 4 represents one of the strongest daily sessions for the asset since approvals normalized.

This isn’t just speculative rotation; it aligns with the growing narrative of Solana as the preferred infrastructure for institutional tokenization, backed by heavyweights like Franklin Templeton and BlackRock.

The flow data suggests that institutions are pricing in value beyond simple store-of-wealth mechanics.

Unlike the Bitcoin ETFs and MicroStrategy demand surge that focuses on scarcity, Solana Inflows are chasing yield and transaction velocity.

The network’s multibillion-dollar Total Value Locked (TVL) and record stablecoin volume continue to challenge Ethereum’s dominance, providing a fundamental floor for these investment products.

Technicals are responding to the flow. Solana is approaching another important level that could point to an explosive price prediction if these inflows sustain.

Watch the $158 level closely. If ETF buyers continue to soak up daily issuance and push the price above this resistance, a run toward $185 becomes the high-probability scenario. If flows dry up and price rejects, support at $138 must hold to preserve the bullish structure.

XRP Inflows: $4.19M Hints at Growing Support for Ripple’s Institutional-Grade Payments InfrastructureXRP (XRP) is carving out its own lane. The $4.19 million inflow on March 4 might look small compared to Bitcoin’s billions, but for an altcoin asset class, it represents sustained conviction.

Following the approval of spot XRP exchange-traded funds in the U.S., the asset has transitioned from a retail-heavy volatility play to a component of diversified institutional portfolios.

The thesis here is utility. Investors are positioning for Ripple’s RLUSD stablecoin integration and the broader adoption of the XRP Ledger (XRPL) in cross-border settlements.

XRP Institutional interest is less about quick flips and more about long-term infrastructure bets. The capital entering these funds is sticky; it doesn’t tend to panic sell on minor dips.

Altcoin ETF Institutional Adoption: The Diversification ThesisThe March 4 data paints a clear picture: the “Bitcoin-only” era of institutional crypto is ending.

While Bitcoin remains the primary allocation, the simultaneous bid for SOL, XRP, and the massive $169.4 million into the Ethereum ETF sector indicates a maturing strategy. Institutions are effectively building a crypto-native index, weighting assets by sector dominance rather than just market cap.

This mimics movements seen in traditional finance. Just as Harvard picks ETH and trims Bitcoin ETF exposure, other large allocators are rebalancing to capture the upside of technological utility.

Institutional Adoption is moving down the risk curve. They aren’t gambling on memecoins; they are buying the protocols that run the new financial internet.

Watch the flow ratios next week. If the ratio of Altcoin ETF inflows to Bitcoin ETF inflows continues to rise, we are officially in a structural rotation. If Bitcoin dominance reasserts itself heavily, this was just a brief pause in the king’s rally.

Discover: The best crypto to buy today

Journalist

Posted: March 5, 2026

Sky [SKY], the native token of the on-chain decentralized protocol, posted a double-digit gain over the past day as investor sentiment continues to strengthen.

Capital from the spot side of the market has gradually pulled back, yet the broader sentiment on the chart shows that momentum continues to build.

SKY rallies on perpetual market momentum The major push for SKY came primarily from its perpetual market, where investors anticipate further upside on the chart.

Over the past day, SKY’s market capitalization surged roughly 10%, at press time, adding about $178 million and pushing the asset’s valuation to around $1.78 billion.

Support from the perpetual market followed a rise in trading capital, which climbed to $27 million, marking a 12% increase during the same period. At the same time, the Taker Buy/Sell Ratio has remained above 1.

Source: CoinGlass

When the Taker Buy/Sell Ratio moves above 1, it confirms that buying volume in the perpetual market exceeds selling volume within a specific time frame. In this case, the data reflects activity over the past 24 hours.

The inflow of capital and the surge in buying volume were not the only factors driving the move. According to the latest readings, the new capital and trading activity have also translated into more long contracts in the market, with traders increasingly opening long positions.

This trend appears in the positive Open Interest Weighted Funding Rate. For context, roughly 1.4 million contracts have remained open on SKY perpetual markets over the past day as the market rebounds.

Market structure shows sustained strength The market structure continues to print a clearly bullish candle pattern, although the move has drawn less attention since SKY’s gains have not been as explosive as those recorded by some other tokens.

On the one-week timeframe, the broader market liquidation that began during the week ending on the 6th of October lasted just six weeks, or roughly 47 days, for SKY. The correction ended during the week, closing on the 17th of November.

Since then, SKY has spent the next 15 weeks, roughly 103 days, forming a sequence of higher highs and higher lows, a decisively bullish structure.

During this period alone, about 5.1 billion SKY in trading volume has changed hands.

Source: TradingView

Based on the chart structure, SKY could attempt another rebound. With limited resistance overhead, the asset may push beyond its previous high of $0.095 and move toward $0.10, which would represent a potential 30% gain.

The Money Flow Index also confirms continued capital inflows that have supported the recent price advance. At press time, the MFI was holding above 50, suggesting that market momentum remains on the bullish side.

Spot traders add selling pressure Spot traders, however, appear to have shifted to the bearish side of the market as they begin selling to lock in profits. The move likely reflects profit-taking after SKY’s 15-week bullish run.

The sell-off began around the 24th of February and has continued since then. During this period, total spot outflows have reached roughly $5.8 million, marking a notable withdrawal of liquidity from the market.

Source: CoinGlass

For now, the scale of this outflow remains relatively small compared with the $178 million added to SKY’s market capitalization over the past day.

Unless the spot sell-off grows significantly, especially during a period of declining prices, it is unlikely to pose an immediate threat to SKY’s broader upward trajectory.

Final Summary SKY gains momentum in the perpetual market, adding to its recent advance. Spot sell-off emerges but does not yet alter the broader price trajectory.

Dogecoin price approaches a key $0.1060 breakout zone as altcoin sentiment hits historic lows.

Dogecoin has surged sharply over the past 24 hours, pushing toward the $0.095–$0.10 range amid rising trading volumes across major exchanges. The move has caught the attention of market analysts, particularly because it comes amid deep pessimism across the broader altcoin market. Historical data suggests this combination, price strength against bearish sentiment, may signal the early stages of a significant recovery.

At the time of writing, DOGE is trading around $0.09677 after a recent rebound. The key question now is whether the meme coin can sustain momentum and break above a critical resistance zone that has capped its upside for several months.

Bearish Sentiment Reaches Extreme Levels — A Classic Contrarian SignalData from on-chain analytics platform Santiment reveals a sharp decline in social discussions around altcoins and altseason across major platforms. Retail traders have largely turned bearish, with sentiment indicators dropping to historically low levels. In past market cycles, such extremes have consistently preceded strong price recoveries.

Following these bearish sentiment lows, Dogecoin's price has historically rebounded by approximately 15%. The pattern reflects a fundamental market dynamic: when pessimism peaks, selling pressure fades. Early buyers begin accumulating positions before mainstream sentiment shifts. Meme coins like Dogecoin are particularly sensitive to this dynamic, as speculative retail interest drives a significant portion of their price action.

Weekly social volume data reinforces this signal. Discussions around altcoin rallies have fallen to multi-month lows, indicating widespread disinterest. Historically, these quiet phases have marked the starting point of major altcoin recoveries. With fewer sellers and reduced noise, conditions favor accumulation by larger market participants ahead of any momentum shift.

Critical Resistance Zone Comes Into FocusOn the daily chart, Dogecoin is approaching a descending trendline that has acted as a ceiling for months. This trendline has repeatedly rejected upward price attempts, keeping DOGE locked within a broader consolidation range. The current price move is testing this resistance once again.

A confirmed close above $0.1060 would constitute a technical breakout. Analysts note that Dogecoin has a history of aggressive moves once key resistance levels are cleared, as momentum traders flood in and amplify the initial move. Resistance levels to watch include $0.1040 as the first psychological barrier and the $0.1050–$0.1080 zone as the primary breakout threshold.

On the downside, $0.092 serves as short-term support, with $0.088 acting as a more significant demand zone. Failure to hold above current levels could extend the consolidation period without triggering a directional move.

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The XRP price has climbed roughly 5% over the past 24 hours as the broader crypto market rebounds. The move has helped the token recover about 16% from its February 28 low. That has helped form a bullish cup pattern that could support further gains.

However, the rally arrives as underlying support weakens. Exchange flows are turning toward selling pressure, derivatives traders are increasing leverage, and activity on the XRP Ledger has cooled sharply since February. Together, these factors suggest the bullish setup could face pressure if demand fails to recover.

Cup-and-Handle Pattern Targets 17% XRP Price Rally, but Institutional Wall RemainsOn the 8-hour chart, XRP appears to be forming a cup-and-handle pattern, a structure often associated with continuation rallies.

The right side of the cup formed after XRP rebounded nearly 16% from its February 28 low, and the asset is now consolidating inside the handle. If buyers push the price above the neckline, the breakout could trigger a measured move toward $1.72 (the $1.70 zone), a 17% projection from the neckline.

However, institutional momentum has not fully confirmed the move.

The Chaikin Money Flow (CMF) indicator, which tracks capital entering and leaving the market, has repeatedly struggled to break above 0.04, suggesting institutional participation remains limited.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

XRP Price Structure: TradingViewThat hesitation may reflect broader cooling in XRP activity across the Ripple ecosystem. Since early February, XRP has been down roughly 11%, and key activity metrics on the XRP Ledger have declined as well. Lower transaction activity and reduced liquidity can make it harder for sustained buying pressure to support a breakout.

This weakening demand becomes more evident when examining exchange flows.

Exchange Flows Shift Toward Selling as XRPL Activity CoolsOn-chain data suggests that some investors may already be preparing to sell into the recent rebound. The Exchange Net Position Change, which tracks whether coins move into or out of exchanges, has recently flipped positive after nearly two weeks of consistent outflows.

Outflows typically signal accumulation, as investors move assets into private wallets. Inflows, however, often indicate that traders are positioning to sell. The shift toward inflows comes just as XRP attempts to consolidate inside the handle portion of its bullish structure.

Exchange Flows: GlassnodeAt the same time, broader XRP Ledger activity has slowed. The number of payment transactions on XRP Ledger peaked at around 2.18 million in early February but has since dropped to roughly 1.03 million, representing a decline of about 53%.

Payments On XRP Ledger: XRP ScanMeanwhile, trading activity on XRPL’s decentralized exchange has weakened sharply, with DEX volume falling from $30.85 million to about $5.09 million, marking an approximately 83% drop.

XRP DEX Volume: DuneThis decline in on-ledger activity suggests reduced organic demand for XRP as a bridge asset or trading instrument. That can limit the amount of spot buying needed to support a strong rally. It also shows that the lack of conviction is making traders book profits or minimize losses by selling into the recent bounce.

If spot demand weakens while traders attempt to push prices higher, the market can become increasingly dependent on leverage.

Rising Open Interest Shows Traders Are Betting on the Rally — Not Exactly A Good Thing?Derivatives markets indicate that traders have begun increasing bullish exposure. Open interest in XRP futures climbed from roughly $728 million to around $859 million between March 2 and March 5, showing an 18% surge in leveraged positions.

Funding rates also shifted from slightly negative levels to positive territory near 0.0088, indicating that long traders are paying a premium to maintain their positions. However, the past few trading sessions show signs of cooling leverage. Both open interest and funding rates have started to decline as XRP consolidates inside the handle portion of the pattern.

This shift suggests that some long positions may already be closing or getting liquidated as price momentum slows.

Open Interest: SantimentWhile this positioning initially reflected growing optimism, it also increases liquidation risk. If prices fail to break higher and the handle continues to weaken, heavily leveraged long positions could be forced to close. That could accelerate a price decline.

The situation weakens as underlying liquidity thins. Capital locked in XRPL automated market maker pools has declined as well. The AMM TVL fell from about $57.6 million to roughly $34.1 million since early January, representing a drop of roughly 41%.

XRP TVL: DuneLower liquidity and declining transaction activity mean there may be less organic demand available to absorb selling pressure if leveraged positions unwind.

Key XRP Price Levels to Watch NowThe XRP price is currently trading near $1.42, leaving several important levels that could determine the next move. A breakout above $1.46–$1.47 would confirm the cup-and-handle pattern. It could then push the price toward $1.59, followed by $1.72 (the $1.70 zone) and potentially $1.76.

On the downside, the pattern remains intact as long as XRP holds above the $1.37–$1.33 support zone.

XRP Price Analysis: TradingViewHowever, a drop below $1.26 would invalidate the bullish structure entirely and could trigger a deeper correction. For now, XRP’s chart still points to a potential breakout.

But rising exchange inflows, growing leverage, and cooling activity across the XRP Ledger suggest the rally may face a critical test before the next leg higher can begin.

Journalist

Posted: March 5, 2026

SPX6900 has traded within a minimum ascending channel since it bounced back from a slip below $0.3. With the bullish structure still intact, the memecoin bounced back, holding the $0.35 level, and hiked to a high of $0.38.

In doing so, SPX flipped its short-term moving averages, the 20- and 50-EMAs, indicating strengthening upside momentum. As of this writing, SPX6900 [SPX] traded at $0.35, up 10.5% on the daily charts.

Likewise, the volume rose 105% to $22 million, reflecting increased trading activity as investors stepped in to anticipate further gains. 

SPX6900 sees renewed speculative demand The broader crypto market rebounded on the 4th and the 5th of March, recording substantial gains. Amid this market recovery, AMBCrypto observed that SPX6900 made considerable gains as speculators returned to the market. 

According to CoinGlass data, the memecoin’s Open Interest climbed 15% to $27 million, while Derivatives Volume rose 95% to $94 million.

Often, when OI and volume rise in tandem, it signals increased participation and capital flows into Futures.

Source: CoinGlass

In fact, the memecoin saw over $28 million flow into strategic positions. Meanwhile, the memecoin’s Long/Short Ratio jumped to 1.02, with Binance traders leading. 

The ratio above 1 across exchanges suggests that most participants are bullish and expect higher prices.

Buyers defy market trend, defend higher levels On the Spot side, market demand recovered – the Demand Index jumped to 0.13, indicating sustained buying pressure. 

With the Demand Index holding within the positive zone for three consecutive days, it showed that buyers stepped in and bought the dip. Thus, even after the markets slipped, the memecoin avoided any panic sell-off. 

Source: TradingView

Instead, buyers have dominated the market, as evidenced by the Seller Buyer Dominance indicator. So, buyers have outpaced sellers for five consecutive days, and currently, buyer dominance sits at 17 million. 

Historically, a sustained period of accumulation has accelerated upside momentum, leading to higher prices.

Can the momentum hold? SPX6900 has shown strong upside momentum since the memecoin rebounded from $0.27 a week ago, as evidenced by the Relative Strength Index (RSI).

The memecoin’s RSI has remained above its signal line for seven consecutive days, hiking to 57 at press time. At the current levels, the RSI holds within a bullish zone, indicating strong demand.

Source: TradingView

Although sellers remain relatively active, buyers have shown greater determination to hold the market consistently at higher levels. With demand remaining consistent, the memecoin could make further gains if it holds.

The continuation of the prevailing sentiment could see SPX flip $0.4 and target EMA200 at $0.49. However, if the demand turns out to be short-term speculation, the memecoin will retrace to $0.30.

Final Summary SPX6900 bounced back from a $0.32 slip, held $0.35, and touched a high of $0.38  SPX saw renewed speculative demand as the market signaled recovery, with buyers consistently defending higher levels. 

Billionaire Venture capitalist points to privacy and fungibility concerns, while debate grows over corporate bitcoin strategies such as Strategy’s massive holdings. Mar 5, 2026, 11:07 a.m.

Billionaire investor Chamath Palihapitiya, a venture capitalist and former Facebook executive, recently argued that bitcoin has a “structural failing” that could limit its long term adoption by governments and central banks.

Speaking on People by WTF podcast during the World Government Summit, Palihapitiya said that for a digital asset to become widely accepted at the sovereign level it must possess characteristics that make it suitable for central bank reserves.

According to Palihapitiya, bitcoin falls short on two important dimensions, privacy and fungibility. Fungibility refers to the idea that each unit of an asset is interchangeable and indistinguishable from another. With physical cash or gold, one unit is effectively identical to any other unit.

Bitcoin, however, operates on a transparent blockchain where transaction histories are permanently recorded. Because coins can be traced back through prior transactions, some units can become associated with illicit activity, meaning certain coins may be treated differently than others.

Palihapitiya argues that this traceability weakens bitcoin’s fungibility and reduces its suitability as a reserve asset for central banks.

So far, only one central bank has publicly disclosed purchasing bitcoin, the Czech National Bank.

By contrast, he says gold satisfies both privacy and fungibility requirements for sovereign institutions, which is why central banks continue to hold large gold reserves.

For that reason, Palihapitiya suggested bitcoin may struggle to achieve another tenfold increase in market capitalization driven by central bank demand. Instead, he hinted that other crypto projects or smaller tokens may eventually address these limitations.

Palihapitiya remains optimistic about innovation in digital finance, particularly stablecoins, which are cryptocurrencies designed to maintain a stable value by being pegged to assets such as the US dollar or commodities.

He pointed to the potential for gold backed stablecoins as an example of financial innovation that could reduce friction in payments and settlement.

Meanwhile, Jason Calacanis, another venture investor and co host of the All In podcast, discussed bitcoin related corporate strategies with crypto entrepreneur Erik Voorhees on the This Week in Startups podcast. Calacanis asked Voorhees about Strategy (MSTR), formerly MicroStrategy, the public company known for holding the largest corporate treasury of bitcoin.

Voorhees, a longtime Bitcoin advocate and founder of crypto exchange ShapeShift, said the strategy of accumulating as much bitcoin as possible is coherent if the company strongly believes in bitcoin’s long term value. Calacanis was more skeptical. He said that when financial structures become difficult to explain or rely on new metrics, such as “community EBITDA”, it raises red flags for him as an investor.

This comes as hedge fund billionaire Ray Dalio recently remarked that “there is only one gold.

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The company ordered more than 50,000 Nvidia GPUs and filed for a potential $6 billion at-the-market share sale, sending the stock lower in pre-market trading.

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IREN agreed to buy over 50,000 Nvidia B300 GPUs, bringing its total fleet to about 150,000 GPUs, with deployment expected during the second half across its data centers in British Columbia and Texas.The shares fell around 5% in pre-market trading after the company disclosed plans for a potential at-the-market equity offering of up to $6 billion.

The crypto market is back in the green today, as major cryptocurrencies post strong gains after days of uncertainty. Top gainers include Bitcoin, Ethereum, XRP, Solana, and Dogecoin, all experiencing notable surges. The rally comes amid easing geopolitical concerns and renewed optimism in the broader financial markets.

Crypto Market: Bitcoin and Altcoins Rebound Strongly According to the CoinMarketCap data, the crypto market has once again sparked optimism as the global tensions ease. The total market cap has reportedly reached $2.44 trillion, up 3.31%.

In line with this major crypto market recovery today, the Bitcoin price has also seen significant upticks. At present, the BTC price is valued at $71,926, marking a remarkable hike of 3.8% in a day. Despite an 8% monthly decline, the coin has surged by nearly 6% in a week.

However, experts like Arthur Hayes remain less optimistic about this Bitcoin price rally. As CoinGape reported earlier today, Hayes posits that this hike is a “dead cat bounce,” meaning the surge is temporary.

Unveiling Top Gainers of the Day Besides Bitcoin, other major cryptocurrencies have also experienced significant upticks over the past day. These altcoins include Ethereum, XRP, Solana, and Dogecoin.

Source: CoinMarketCap; Crypto Market Surges Ethereum Up 5% Ethereum is currently trading above the critical $2k level, posting a nearly 5% daily surge. Valued at $2,099, the altcoin has seen 2.16% weekly uptick, but a 9% monthly decline. The trading volume has also reflected the current positive trend, with the activity hitting $33.12 billion, up 35%.

XRP Price Soars 3% XRP is also sparking renewed hopes as the crypto market moves to the green zone. Currently, the XRP price is recorded at $1.41, up by nearly 3% in a day. However, the altcoin’s weekly and monthly performances remain negative with 2.5% and 12% drops, respectively.

Solana Moves Beyond $90 Aligning with the global crypto market trend, Solana is also surging. SOL, currently at $90.5, is up by about 4% in a day. While the token has soared by 2% in a week, it has slipped by about 14% in a month.

Dogecoin Rises with the Crypto Market Dogecoin is one of the largest gainers in the meme coin market. As of press time, DOGE price is valued at $0.0957, boasting a significant uptick of 6.5%. But the meme token has seen plummets of 4% and 11% over the past seven days and 30 days, respectively.

3 Reasons Why Crypto Prices Are Rising Today Interestingly, there are three major reasons for the crypto market rally today. One of the key reasons is the easing of geopolitical tensions. Other factors include Trump’s call for CALRITY Act passage and major crypto regulatory updates.

Possible US–Iran Peace Talks Iran has reportedly hinted at its willingness to hold talks with the Central Intelligence Agency to discuss ending the ongoing war. Although US officials cited no official negotiations, there are increasing hopes for easing geopolitical tensions.

Trump Pushes for CLARITY Act Passage As CoinGape reported yesterday, Donald Trump has urged Congress to pass the CLARITY Act as soon as possible. The growing hopes for regulatory clarity have significantly influenced the crypto market.

SEC Submits New Regulatory Guidelines The US SEC has submitted interpretive guidance to the White House. The paper outlines how existing federal securities laws may apply to cryptocurrencies. The proposal also includes plans to establish a regulatory framework for crypto-based prediction markets.

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

On-chain data tracker Lookonchain has identified an old Bitcoin whale that has stirred after eight months of inactivity and moved an enormous amount of BTC to the world’s largest crypto exchange, Binance.

$36.4 million in Bitcoin shoveled to Binance by crypto OGLookonchain shared a chart by Arkham Research, showing the details of a large recent Bitcoin transfer to Binance made by a Bitcoin OG after remaining inactive for approximately eight months. The old whale shoveled 500 coins to the world’s most popular crypto exchange. 

Arkham reveals that this whale bought around 950 BTC eight months ago, likely at around $100,000 per coin. Now, the whale has 450 Bitcoins left in his wallet. This move suggests that the whale has decided to take profit after the fresh Bitcoin price surge to the $74,000 level or that he is simply repositioning his Bitcoin holdings amid Bitcoin’s 28% price decline since the purchase.

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Bitcoin outperforming stock marketEarlier this week, the world’s largest cryptocurrency demonstrated significant resilience, while the leading stock indexes, such as the Nasdaq and the S&P 500, flashed a substantial decline amid the current geopolitical situation in the Middle East.

Bitcoin remained at the $65,000 level, while the stocks went down, taking a big dent. By now, BTC has rebounded, briefly reaching the $74,000 level after soaring by 9.48% within a single day, showing a decoupling from stocks. At the time of this writing, Bitcoin is changing hands at $72,629 per coin as the hopes of resolving the aforementioned geopolitical conflict have become high. The stock market has followed suit, going back into the green zone.

Meanwhile, some of the large Bitcoin holders — BTC mining companies with assets of more than $8 billion worth of Bitcoin — have begun actively selling their crypto holdings, according to Chinese crypto journalist and insider Colin Wu.

As Bitcoin has fallen more than 40% from its roughly $126,000 peak in October last year, major mining companies holding more than $8 billion in BTC combined are showing signs of accelerating coin sales. Unlike previous downcycles, when sales were mainly used to cover operating…

— Wu Blockchain (@WuBlockchain) March 5, 2026 As for Bitcoin treasury companies, they continue to accumulate BTC, increasing their long-term bet. In particular, Michael Saylor’s Strategy, the biggest among them, announced a large purchase of 3,015 BTC for approximately $204.1 million. The company now brags holding a total of 720,737 Bitcoin valued at $52,363,734,090.

In a tweet that followed the purchase, Saylor announced that he was himself buying more Bitcoin.

Bitcoin’s price recovered to around $73,000 in early March, after having fallen to the mid-$60,000 range from late January due to geopolitical unrest.

What The Data Says Bitcoin’s price notable instability during the first trimester of the year seems to have a direct geopolitical correlation, CryptoQuant reports. Bitcoin dropped to around $63,000 on February 29, following the U.S.-Israel military strike on Iran on February 28 and the Iran heightened tensions in the Middle East. BTC had recovered near $70,000 by March 2, and by March 4 and 5 the price pushed to above $73,000 due to strong buying pressure.

Geopolitics In The Bitcoin Price CryptoQuant highlights a classic short squeeze dynamic on the derivatives side. A short squeeze happens when when the price of an asset rises very suddenly and to the upside, which forces traders to buy back their shorts as price reverses. As the sellers get pushed out, the price rises even further due to liquidations.

Funding rates turned negative and futures open interest climbed during the dump, signaling that many traders were opening or adding short positions into the Iran headlines.

Bitcoin price on Coinbase Premium Index. Source: CryptoQuant As the conflict failed to escalate further and ETF demand stayed positive, Bitcoin’s price pushed higher, triggering liquidations of late shorts and driving funding back toward neutral, rebounding toward the high‑$60K / $70K area. In CryptoQuant’s words, the episode looks like a temporary liquidity and positioning shock layered on top of the existing trend, not the start of a new war‑driven regime.

Bitcoin: Open Interest - All Exchanges, All Symbol. Source: CryptoQuant The Iran‑related sell‑off was primarily a flow‑event rather than a structural shift in holder behavior: it was less about investors “fleeing to safety” and more about how positioning and liquidity interacted around the shock.

A Broader Picture This episode is not an outlier but part of a pattern in Bitcoin’s price on‑chain behavior across major conflicts. From Ukraine and Gaza to the recent crisis in Venezuela, they all display the same signature: a sharp, fear‑driven spike in coins moving onto exchanges around the event window, followed by a rapid normalization back to baseline as price re‑anchors to its prior trajectory. That was exactly what emerged during the Venezuela escalation, where military headlines amplified intraday volatility but failed to trigger a sustained distribution phase or a structural trend change.

Wars and geopolitical conflicts inject short‑term stress into flows, but once the initial panic fades, Bitcoin tends to revert to the macro trend that was already in place.

BTC's price trends to the downside on the daily chart. Source: BTCUSD on Tradingview Cover image from ChatGPT, BTCUSD chart from Tradingview

Trump-backed American Bitcoin board members scoop up stock following earningsBoard members Justin Mateen and Richard Busch bought roughly 1.6 million shares after the trading window reopened following the bitcoin miner’s latest earnings report. Mar 5, 2026, 11:30 a.m.

Two board members of American Bitcoin (ABTC), the bitcoin mining company backed by the Trump family, have made significant open-market share purchases of the firm's stock, according to a Thursday filing.

Justin Mateen, co-founder of Tinder and an ABTC board member since March 2025, bought approximately 1.3 million shares at an average price of about $1 per share. The stock closed at $1.15 on Wednesday.

Fellow board member Richard Busch, a partner at law firm King & Ballow, purchased about 330,000 shares over the last two days.

The timing is notable, as the trading window opened after ABTC released its latest earnings report, making these the first purchases insiders could make following the disclosure.

The bitcoin mining firm reported a $59 million loss in the fourth quarter of 2025, as the sharp decline in the price of the largest cryptocurrency reduced the value of its holdings.

Eric Trump said in a Wednesday post on X that American Bitcoin now holds more than 6,500 BTC, an increase of over 500 BTC since the last disclosure. The update places the firm among the world’s 17 largest publicly traded bitcoin holders.

The miner went public in September, less than a month before bitcoin reached a record high. The stock has struggled along with the price of BTC, the shares tumbling from about the $8 level to the current $1.15.

ABTC is following a dual strategy of BTC mining and direct purchases. About one-third of its bitcoin comes from mining operations, while the remainder is acquired through open-market purchases and strategic transactions, largely financed by stock sales. The firm is 20% owned by Eric Trump and Donald Trump Jr.

The company announced Tuesday that it had bought 11,298 ASIC miners, a move that it said will increase its mining capacity by about 12%.

Read more: Eric Trump’s American Bitcoin buys 11,298 ASIC miners, increasing mining capacity by 12%

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Andreessen Horowitz crypto arm said to seek $2 billion for fifth fund: Fortune

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The venture firm led by Chris Dixon is reportedly aiming to close its fifth crypto fund in the first half of 2026, signaling continued bets on blockchain startups.

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Andreessen Horowitz’s crypto arm is seeking to raise a $2 billion fifth venture fund, with a target close in the first half of 2026, according to Fortune.The planned fund is less than half the size of a16z crypto’s $4.5 billion fourth fund raised in 2023, reflecting a more cautious venture environment even though it would still rank among the larger crypto funds.The firm's head, Chris Dixon, argues the industry is entering a "financial era" focused on blockchain-based financial applications.

Ethereum price has reclaimed the $2,150 level after a strong bounce from the recent lows, signaling a shift in short-term market momentum. The second-largest cryptocurrency is now approaching a crucial resistance near $2,200, a level that has repeatedly capped upside attempts over the past sessions.

Bitcoin has edged closer to reviving its reputation as a geopolitical hedge after a wave of institutional inflows pushed the foremost cryptocurrency toward the mid-$70,000 range despite escalating tensions in the Middle East.

Spot bitcoin exchange-traded funds have attracted roughly $1.1 billion in net inflows across three trading sessions from March 2 through March 4, according to data compiled by ETF trackers including Farside Investors and CoinGlass.

The latest surge follows weeks of outflows that had weighed on sentiment earlier this year.

On March 4 alone, spot bitcoin ETFs recorded about $461.9 million in net inflows, with BlackRock’s IBIT leading the pack on $306.6 million, according to CoinGlass data.

The renewed demand from Wall Street has coincided with bitcoin’s latest price advance. Bitcoin briefly touched $74,000 during Wednesday’s rally and was trading above $73,000 on Thursday, according to The Block’s BTC price page, leaving it roughly 6% higher for the week.

Safe haven For some analysts, the timing of the rally has been as important as the magnitude.

"Bitcoin has rallied past $71,000 as gold and oil have retreated from recent highs, but the headline number isn’t the most important signal," said Nic Puckrin, co-founder of Coin Bureau and a former Goldman Sachs quantitative analyst. "What’s more interesting is the return of large ETF inflows even as global equity markets remain volatile."

Puckrin said the flows could indicate that institutional allocators are beginning to treat bitcoin as a hedge during periods of geopolitical stress or rising inflation risk.

"These ETF flows suggest this isn’t just a short squeeze," he said. "They point to investors potentially viewing bitcoin as a geopolitical crisis hedge."

Market participants have long debated whether bitcoin behaves more like a risk asset similar to technology stocks or a store-of-value asset akin to gold. The latest price action has reopened that discussion as bitcoin has held up better than several traditional markets during the recent escalation between the U.S., Israel, and Iran.

Cross-asset movements over the past several sessions have added to that narrative. While equities and the U.S. dollar have fluctuated with geopolitical headlines, bitcoin has continued to trend higher.

Kyle Rodda, senior financial market analyst at Capital.com, said the cryptocurrency’s resilience during the conflict stands out against the broader market backdrop.

"Bitcoin pushed higher even as volatility persisted in other risk assets," Rodda said. "Once upon a time, bitcoin tended to rally whenever geopolitical tensions escalated, particularly when sanctions or conflicts involving Iran were involved. That relationship appears to be reasserting itself."

Macro jitters Still, macro uncertainty remains a powerful driver of sentiment across markets.

Analysts said geopolitical headlines around the Strait of Hormuz, global energy supply risks, and the prospect of new U.S. trade tariffs are creating a volatile backdrop for risk assets.

At the same time, a recent batch of U.S. economic data has offered a "Goldilocks" signal for investors, showing continued economic expansion while price pressures in some areas have begun to moderate.

Michael Brown, senior research strategist at Pepperstone, said markets have begun to stabilize after an initial wave of de-risking triggered by the conflict.

"Participants reached for the classic risk-on playbook," Brown said, pointing to volatility in equities and a softer dollar as evidence that sentiment had shifted after extreme bearish positioning earlier in the week.

Bitcoin and the broader crypto market’s rebound has also unfolded alongside shifting currency dynamics. The U.S. Dollar Index has struggled to maintain momentum despite geopolitical tension, suggesting that traditional safe-haven flows into the dollar may be losing strength.

Rania Gule, senior market analyst at XS.com, argued the dollar’s inability to sustain gains above key technical levels indicates that markets may be reassessing risk more calmly than earlier in the week.

In that environment, bitcoin’s performance has drawn particular attention, in Puckrin’s view.

"If the current divergence continues — with bitcoin holding firm while other assets fluctuate — it could strengthen the argument that the asset is regaining a safe-haven narrative," Puckrin said.

Whether that shift becomes durable may depend largely on whether ETF inflows continue in the days ahead, according to analyst notes reviewed by The Block. Glassnode said spot bitcoin ETF flows appear to be stabilizing after a period of sustained outflows. The analytics firm noted that the 14-day net flow trend has turned positive, suggesting selling pressure is easing as bitcoin moves back above the $70,000 level.

14-day spot Bitcoin ETF netflow trend | Image: GlassnodeDisclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Bitcoin holds above $72,000 as crypto market pauses after breakoutBitcoin and ether edged higher as traders assessed macro risks, derivatives positioning and whether bitcoin can sustain a push toward $80,000. Mar 5, 2026, 11:39 a.m.

Bitcoin remains calm after breakout (Ian McGrory/Unsplash)What to know: Bitcoin traded around $72,700, holding above $70,000, but failing to extend the rally toward the $80,000 level analysts had forecast.Equities rose on reports Iran reached out to the U.S. While the Dollar Index slipped, it remains up 3.5% since late January.The CoinDesk 5 and CoinDesk 10 indices gained about 3% over 24 hours, while DeFi and computing tokens barely moved. MANTRA surged after its token migration and redenomination.The crypto market was little changed on Thursday, with bitcoin BTC$72,823.83 and ether (ETH) posting gains of less than 1% as investors consolidated following Wednesday's breakout.

While bitcoin crucially held above the $70,000 level that had rebuffed ealier rallies, it has failed to deliver an upside shift to $80,000 that some analysts predicted.

Global equities responded well to reports that Iran had secretly reached out to the U.S. in hopes of making an agreement to end the war in return for limiting its missile production.

The Dollar Index (DXY) fell as a result, but remains up by 3.5% since late January as traders attempt to rationalize potential interest rate changes by the Federal Reserve. Disruption in the Strait of Hormuz would increase inflation, forcing the Fed's hand to raise rates to keep deposits high.

Bitcoin typically rallies when the dollar weakens and falls when the currency is bullish.

Derivatives positioningBitcoin futures open interest (OI) picked up, with the tally increasing to 680K BTC, the most in almost two weeks. This pattern confirms the spot price gains.Ether's OI increased to 13.41 million ether, the highest since Jan. 31. Activity in XRP futures remains subdued, with OI stuck at recent lows below 1.70 billion XRP. The same can be said for Solana's SOL. OI in futures tied to gold tokens Tether gold (XAUT) and PAXG$5,167.90 continues to drop as cryptocurrencies rise. Investors could be rotating money into majors as the gold price rally stalls. Privacy-focused ZEC's futures activity is also picking up, with total OI ending a two-month downtrend. Annualized perpetual funding rates for bitcoin and ether remain mildly positive, pointing to a bullish bias. Rates, however, remain slightly negative for XRP and SOL. Bitcoin and ether's 30-day implied volatility indexes remain steady in recent ranges, indicating market stability. Wall Street's volatility index, VIX, has pulled back to 21% from Monday's high of 28%. On Deribit, put skews in bitcoin and ether options have weakened, but persist alongside increased activity in higher strike calls, or bullish bets. Block flows in options featured demand for call calendar diagonal spreads on bitcoin and ether. Token talkLayer-1 token MANTRA completed a token migration and rebrand, replacing the legacy OM token with the MANTRA ticker and implementing a 1:4 redenomination, leading to a 25% rise in token price over the past 24 hours.The bullish privacy token narrative at the turn of the year fell flat on its face in February as ZEC, DASH and XMR entered a deep correction, but monero (XMR) appears to now be bucking that trend, rising by 5.2% since midnight UTC and notching a 9.8% gain over the past week.Crypto majors dominated market gains over the past 24 hours, with the CoinDesk 5 (CF5) and CoinDesk 10 (CD10) indexes each rising around 3.1%. The DeFi Select Index and Computing Select Index were up by just 0.4% and 0.7%, respectively, over the same period.If bitcoin can continue to move towards $80,000 and consolidate, profits may then be rolled into more speculative altcoin bets, but for now the market remains cautious.More For You

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Posted: March 5, 2026

Bitcoin [BTC] entered late January with elevated leverage as Open Interest (OI) hovered near $31–$32 billion while the price traded around $90,000. Gradually, derivatives exposure began easing as risk sentiment weakened, pushing OI toward $28 billion while price drifted lower.

Soon after, geopolitical headlines around Iran escalated uncertainty, and Bitcoin quickly dropped toward the $63,000 zone. During this decline, OI collapsed from roughly $29 billion to nearly $21 billion, signaling a broad leveraged flush.

Source: CryptoQuant

At the same time, the Coinbase Premium Index remained deeply negative, falling near −0.25 as U.S. spot demand weakened. However, selling pressure slowly stabilized as the price consolidated between $65,000 and $68,000.

Source: CryptoQuant

Meanwhile, derivatives positioning stayed compressed near $21–$22 billion, indicating reduced speculative exposure across exchanges. As March approached, conditions began shifting as the Coinbase Premium Index moved back toward neutral levels.

Shortly afterward, Bitcoin rebounded sharply above $73,000 while OI surged toward $24.7 billion. This combination suggests short covering entered the market, turning the geopolitical shock into liquidity for the rebound.

Altcoins surge as liquidity shifts beyond Bitcoin Following the earlier rebound phase, market attention gradually shifted toward higher-beta assets. As volatility eased, traders began reallocating capital to altcoins that typically react more quickly once stability returns.

Within this rotation, several major altcoins quickly outperformed. Solana [SOL] climbed about +9% in a day, signaling renewed speculative appetite.

At the same time, Chainlink [LINK] advanced roughly +7%, reinforcing the shift toward liquid large-cap alternatives. Meanwhile, Hyperliquid [HYPE] posted nearly +12% over the seven days, showing sustained accumulation rather than a short-lived bounce.

Source: Santiment

However, broader sentiment still reflected lingering geopolitical fear. Many retail participants had already exited positions during the earlier panic selling triggered by macro headlines. This behavior reduced immediate sell-side liquidity across several altcoin markets.

As a result, even moderate inflows began pushing prices higher. Traders increasingly targeted assets with stronger short-term upside potential.

Taken together, extreme fear first forced weak hands to exit. Once stability returned, that same liquidity rotated into altcoins, allowing Solana, Chainlink, and Hyperliquid to outperform during the recovery phase.

Derivatives short squeeze strengthens Bitcoin’s rally

Ethereum price is beginning to show early signs of recovery after weeks of downside pressure. The second-largest cryptocurrency has gained roughly 4% this week, pushing back above the $2,150 level, suggesting that bearish momentum may be starting to weaken. The rebound comes as the broader crypto market attempts to stabilize, but what is happening beneath the surface is drawing even more attention. On-chain data now reveals large Ethereum whales quietly accumulating massive amounts of ETH, while institutional demand indicators are turning positive again.

At the same time, valuation metrics suggest Ethereum could be approaching levels that historically coincide with cycle bottoms and early accumulation phases. With these signals starting to align, market participants are now asking an important question: Is Ethereum price preparing for a rally toward $2,600 next?

Whale Accumulation Accelerates as $250M+ ETH Leaves ExchangesOne of the strongest bullish signals currently emerging for Ethereum comes from large-scale whale withdrawals from centralized exchanges.

Whale data highlighted that an unknown Ethereum whale withdrew approximately 77,000 ETH, worth over $150 million, from Binance. Large withdrawals of this size are often interpreted as accumulation signals because they typically indicate investors are moving assets into cold storage rather than leaving them on exchanges for potential selling.

In a separate development, wallets associated with institutional trading firm Cumberland reportedly withdrew around 46,620 ETH, valued at nearly $98 million, from exchanges including Binance, Coinbase, and Copper within a short period.

When combined, these transactions represent more than 120,000 ETH, or roughly $250 million leaving exchange liquidity pools. Historically, sustained exchange outflows have often preceded major crypto rallies, as reduced exchange balances tighten the available supply for sellers.

Coinbase Premium Turns Positive, Signaling Institutional DemandAnother signal strengthening Ethereum’s outlook comes from the Coinbase Premium Index, a metric used to gauge institutional demand. The indicator tracks the price difference between ETH on Coinbase and global exchanges like Binance. When the premium turns positive, it typically reflects strong buying activity from U.S.-based investors, who predominantly trade through Coinbase.

Recent data shows the premium has shifted back into positive territory, suggesting that institutional buyers may be returning to the market after weeks of reduced activity. Historically, sustained periods of positive Coinbase Premium have often coincided with major Ethereum rallies, as institutional capital plays a significant role in driving large price movements.

MVRV Bands Suggest Ethereum May Be Near a Market BottomOn-chain valuation indicators are also beginning to support the possibility of a recovery. Ethereum’s MVRV (Market Value to Realized Value) pricing bands currently place the asset within a zone that has historically aligned with market bottoms.

The MVRV ratio compares Ethereum’s market value to the average cost basis of all coins in circulation. When ETH trades near the lower MVRV bands, it typically suggests the asset is undervalued relative to historical market cycles. Previous cycles have shown that Ethereum often begins strong upward trends after entering these valuation zones, as long-term investors start accumulating at discounted prices.

Ethereum Price Analysis: $2,600 Breakout Level in FocusEthereum price is now testing the upper boundary of a key consolidation range after weeks of sideways movement. The chart structure shows ETH attempting to break above a resistance zone that has capped price action during the recent correction phase. If buyers manage to sustain momentum above this level, the next major resistance appears near $2,600, which aligns with a higher timeframe supply zone.

Momentum indicators are also beginning to support this outlook. The Relative Strength Index (RSI) has started trending upward, indicating strengthening bullish momentum after the recent bounce. However, if Ethereum fails to maintain its breakout attempt, price could revisit the lower demand zone below $2,050, where buyers previously stepped in to defend the market.

Final WordsEthereum price is beginning to stabilize as whale accumulation strengthens and institutional demand signals improve. With ETH reclaiming the $2,150 region, market structure suggests early recovery momentum may be building. If buyers maintain control above key support levels, Ethereum price could attempt a move toward the $2,400–$2,600 resistance zone. However, failure to hold above $2,100 may reopen downside risk in the near term.

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