Bitcoin saw another failed upside attempt over the past week, meeting strong resistance at $75,000 before sliding back toward $70,000. Glassnode said options traders are leaning more defensive, with greater demand for downside protection alongside lower volatility expectations. Bitcoin was last noted at $70,668, up 0.33% on the day, while daily volume fell 17.30% to $36.67 billion.

Grayscale filed an S-1 on March 20 to register the Grayscale HYPE ETF with the US SEC, aiming to list on NASDAQ under the ticker GHYP. The product would reference HYPE, the native token of Hyperliquid, which the article says has reached a $10.23 billion market cap. HYPE was last noted trading at $39.44, down 1.18% over 24 hours and up 38.29% over the past month.

On October 6, 2025, Bitcoin set its current all-time high at $126,100 before entering a corrective phase that analyst Darkfost says has lasted 159 days so far. Reviewing past cycles, the analyst notes it took 1,180 days after the 2017 peak and 1,093 days before the 2021 high, while the latest 2025 ATH followed after 849 days, implying the next record could still be years away even as the intervals gradually shorten. Darkfost also argues that new highs have historically been linked more to the end of bear markets than to Bitcoin’s halving events, despite the structural importance of halvings for supply and inflation dynamics.

Solana has flashed its first bullish SuperTrend signal since early January, according to analyst Ali Martinez's March 13 X post, after months of downside that saw the token lose over 62% of its value since October 2025. SOL has traded in a $76–$90 range in recent weeks, twice pushing above $90 in March, while a potential breakout could target resistance near $103. At the same time, Solana Spot ETF net inflows for the week have dropped to $3.10 million, even as SOL trades around $88.95 with a market cap of $54.74 billion.

Over the past week, Bitcoin’s price rallied back to the psychologically important $70,000 zone and briefly touched around $74,000 by Friday. However, on March 13, analyst Darkfost highlighted that Binance funding rates fell below -0.006 on March 10 and 11, showing heavy short positioning and cautious sentiment. This extreme bearish stance could set the stage for a potential short squeeze if BTC can maintain its recent upward momentum, with the price last seen near $70,852 after a 1.09% daily loss.

Bitcoin briefly climbed above the $70,000 resistance to touch $74,000 before pulling back, raising questions about whether a broader recovery is underway. On-chain metrics show the network's realized cap is currently expanding faster than its market cap, a pattern analysts link to rising profit-taking and capital redistribution. Bitcoin now trades at $67,832, with a 4:89% daily loss and $44.84 billion in 24-hour trading volume.

Market analyst MorenoDV_ said on February 27 that Bitcoin short‑term holders showed subdued 24‑hour exchange inflows after the US and Israel launched coordinated strikes on Iran, indicating no panic selling. This contrasts with February 5–6, when STHs sent 89,000 BTC to exchanges at a loss; BTC later traded at $67,007, up 4.41% over 24 hours.

An on-chain assessment using the Long-Term Holder SOPR metric shows Bitcoin's long-term investors have started realizing monthly losses, with the average monthly reading slipping to about 0.98. On a yearly basis the SOPR remains positive near 1.84, but the downtrend in realized profits suggests a fragile phase for this cohort as Bitcoin trades around $64,247 after a 4.85% daily drop.

Bitcoin has failed to reclaim the $70,000 resistance, keeping the market exposed to a deeper pullback. Using the Supply in Profit on-chain metric, analyst Yonsei_dent projects that the current cycle could see a 70%–75% drawdown, implying a potential price floor between $31,500 and $38,000. Bitcoin is trading around $63,553 with weak weekly and monthly performance, leaving sentiment cautious and price action vulnerable to further downside or prolonged consolidation.