Trading

According to CryptoQuant contributor Darkfost, about 43% of Bitcoin supply held in UTXOs is currently below its cost basis, leaving 57% in profit while BTC trades around $67,730. He notes this distribution sits close to a historical boundary between sustained bull markets and deeper corrective or bear phases, and ties the on-chain weakness to rising oil prices and geopolitical tensions around the Strait of Hormuz.

Bitcoin is trading in positive territory this morning even as major Asian stock indices suffer sharp losses, with South Korea's KOSPI down more than 9% and Japan's Nikkei off 6.5%. BTC climbed from the $67,100–$67,200 area to a peak near $67,600 around 04:25 UTC and is now changing hands at 67,816 as bulls try to build a higher support zone. Analyst Willy Woo expects the asset to remain in a broader bear market phase while potentially rallying toward the mid-$80,000 range as a possible bull trap into late April.

On March 9, 2026, analyst Dave the Wave said Bitcoin has entered the "buy zone" of his logarithmic growth curve model, indicating the harshest part of the recent correction may be finished. He noted that, based on this framework and Fibonacci levels, any further downside could remain within an area he views as tolerable, with potential support around $56,500 and a lower bound near $50,000. Bitcoin was trading near $67,242 at the time, having gained modestly on the day.

Cardano’s price has been sliding for months, with crypto analyst Lingrid warning that ADA could extend its decline while trading below key resistance around $0.26–$0.27. The coin remains under a descending trendline and has logged five straight red monthly closes, with March already down more than 11%. Historical data from 2021–2022 show a similar six-month red streak that was followed by a brief rebound and then deeper losses, and Lingrid suggests a comparable pattern could emerge again if bulls fail to reclaim higher levels.

On March 8, Hyperliquid's HYPE token traded around $30–31, with daily technicals showing price near the upper Bollinger Band and an RSI near 47, indicating neutral momentum. Key supports sit around $29, $27 and $25, while resistance is clustered near $31.5, $33.14 and the recent $36.77 high. At the same time, weekend oil-linked futures on Hyperliquid reportedly climbed about 5% toward $94 per barrel, adding to expectations of higher platform fee flows and continued token buybacks.

XRP extended its decline below $1.3650 and $1.3550 and is now trading under $1.3620 and the 100-hour Simple Moving Average while it consolidates recent losses. The price faces immediate resistance at $1.3520 and $1.3800, with stronger barriers at $1.3980 and $1.4250 that could cap any recovery. On the downside, support is seen around $1.3365 and $1.3220, and a break below these zones could open the way toward $1.3120 and potentially $1.30.

Driven by a near-total blockade of the Strait of Hormuz, global energy markets have entered a historic "war premium" rally as WTI and Brent decisively clear the $100 and $110 thresholds for the first time since 2022. This 2026 supply squeeze, which has sidelined 20% of global oil, is fueling extreme volatility and a massive surge in decentralized hedging on platforms like Hyperliquid. While the Trump administration weighs a Strategic Petroleum Reserve (SPR) release to inject liquidity and fill price gaps near $90, technical indicators remain parabolic with price targets eyeing $130. Investors are now pivoting to upcoming US CPI data and EIA reports to determine if the current vertical momentum will face a mean reversion or continue its record-breaking ascent.

Between 5 and 6 March, Chainlink's LINK logged capital inflows while major assets like Bitcoin, Ethereum, XRP, and Solana saw outflows. The token also ranked third in development activity over the past 30 days, and its price is consolidating in an ascending triangle with resistance at $9.17 and support near $8.30. Technical indicators such as RSI and MACD show bearish pressure easing, but a confirmed breakout above $9.17 has yet to emerge. A failure to hold $8.30 could undermine this bullish structure despite the strong on-chain and development backdrop.

On Monday, Bitcoin, Ethereum and XRP posted gains even as global equity futures signaled steep losses amid a severe oil supply shock and rising U.S.-Iran tensions. Bitcoin traded near $66,124.97, while Ethereum hovered around $1,944.62 and XRP reached $1.34, with total crypto market capitalization at $2.28 trillion. Analysts pointed to digital assets' lack of direct exposure to disrupted physical energy infrastructure and Bitcoin's positioning as a value store as factors supporting prices.

Bitcoin recently dropped below $68,500 and $68,000 after failing to sustain strength above $69,500, and it is now trading under the 100-hour simple moving average. The price has tested the $65,500 area, with nearby resistance seen around $67,000–$67,600 and further downside risk toward $63,500 and $62,000 if $65,500 and $65,000 fail to hold.