Bitcoin has pushed back above the $70,000 mark and held it for several days, supported by $917.28 million in net inflows to spot ETFs this week. At the same time, large investors are directing capital into the Bitcoin Hyper Layer 2 presale, which has attracted nearly $32 million and plans a mainnet launch later in Q1. The HYPER token underpins the network's governance, fees and staking, with current rewards of 37% APY during the discounted presale phase.

In his 2026 outlook, Bloomberg Intelligence strategist Mike McGlone projects Bitcoin could retreat to the $50,000 area and silver to $50 per troy ounce. He bases this view on mean reversion, geopolitical tensions, a potentially fragile U.S. stock market and a weakening BTC-to-silver ratio around 880, arguing that these factors may signal ongoing vulnerability in both assets.

In March 2026, Arkham reported that Tesla, led by Elon Musk, has not sold any Bitcoin so far this year and continues to rank among the largest corporate BTC holders. The firm initially invested $1.5 billion in Bitcoin in 2021, later selling part of its stash, and now holds BTC worth about $812 million in a Coinbase hot wallet.

Bitcoin has been trading above $70,000 over the last 24 to 48 hours, while a Binance BTC/USDT liquidation heatmap points to a dense cluster of short positions around $71,800. This zone, heavily loaded with 50x to 100x leverage, could fuel a sharp squeeze toward $75,000 before liquidation-driven momentum weakens between $72,000 and $76,000. If fresh buyers fail to step in after this liquidity is cleared, the price may quickly lose steam and potentially slide back below $60,000.

On March 5, U.S. spot Bitcoin ETFs collectively recorded their first net outflow of March, with $227.83 million withdrawn as Bitcoin traded near $71,270. Trading activity across the ETF market reached $6.5 billion that day, while BlackRock, Fidelity, Bitwise, ARK 21Shares and Grayscale all saw redemptions and Valkyrie's BRRR fund attracted $5.42 million in new capital. Following the muted institutional participation, Bitcoin slipped back into negative territory, dropping 4.19% in the last 24 hours to around $69,931.

On March 6, on-chain data provider Santiment reported that the number of Bitcoin non-empty wallets has surged to an all-time high of 58.45 million, up about 1.69 million in the last six months. Over the same period, BTC reserves on exchanges have dropped to roughly 1.17 million coins, the lowest level since December 2017. Bitcoin was trading around $69,973.03 at press time, after a 3.4% daily decline but a 5.9% gain over the previous week.

On March 5, bitcoin payments company Strike announced it had obtained both a BitLicense and a money transmitter license from the New York State Department of Financial Services. The approvals allow the Chicago-based firm to roll out its bitcoin brokerage, payments, and savings platform to residents and businesses in New York, completing Strike's availability across all 50 U.S. states.

Bitcoin's price slipped back below $70,000 after a brief rally fueled by more than $1.1 billion of spot ETF inflows over three sessions. ETF data from early March show a sharp shift from strong inflows to net redemptions, while analysts highlight stronger spot demand but warn that macro uncertainty, geopolitical tensions and renewed outflows leave the recovery fragile.