Technical Analysis

Morgan Stanley has proposed launching a spot Bitcoin ETF with a 0.14% fee, as outlined in its latest S-1 registration statement filed on Friday. The fee would sit one basis point below the Grayscale Bitcoin Mini Trust ETF and 11 basis points under BlackRock's iShares Bitcoin Trust ETF, potentially intensifying price competition among US spot Bitcoin funds.

Ethereum (ETH) fell 5% on March 26 and failed to retake $2.2k, putting renewed pressure on the $2k level as liquidations and staking exits rose. Long liquidations reached about $112 million the next day, while an early holder sold 7,302 ETH at $2,073 and the validator exit queue jumped from 288 to 63k in under a week. Despite the stress, exchange balances hit a 10-year low and net withdrawals included $1.67 billion on March 22, a setup that could support a rebound if selling pressure fades.

Solana saw a spike in forced liquidations over the past 24 hours, with $14.06 million wiped out and $13.1 million coming from long positions. Analysts said the selloff has left SOL trading near $87.65, with the $100–$110 area now acting as resistance and $80 highlighted as a key near-term support level.

XRP remains under selling pressure after weeks of trading below $1.50, while a less-watched risk-adjusted metric has shifted higher. Arab Chain data shows XRP's Sharpe Ratio has turned positive at 0.0267 alongside a 30-day average return of 0.00063, even as spot price trades around $1.3365. The setup highlights a divergence between improving risk-adjusted returns and a chart that is still testing key support levels.

Bitcoin slid to $65,530 on Friday after trading near $71,300 on Thursday, an 8% drop that coincided with broader risk-off moves tied to US economic uncertainty and the Israel-Iran war. Options pricing on Deribit implied a 53% probability that BTC remains under $66,000 by April 24, while $210 million in leveraged long BTC futures was liquidated and the $18.6 billion monthly options expiry left most calls worthless.

Cardano (ADA) slid to $0.24 on Friday after spending most of the month holding above the $0.25 support zone. Over the last 24 hours, ADA fell 3.83% as BTC and ETH also weakened, while Cardano’s DeFi metrics show USDC at 36% of its stablecoin market cap and TVL at $171 million versus nearly $1 billion at a late-2024 peak. Technicians highlight $0.256, $0.27, and $0.235 as key levels, with a March 24, 2026 chart noting prior $0.25-area rebounds of 85% and 200%.

Bitcoin slid more than 6% over the past 24 hours to $65,703, with BTC at $66,023 at press time, as over $102 million in positions were liquidated. Network participation also weakened, with active addresses falling from 938,609 on August 8, 2025, to 655,908 on March 25, 2026. Peter Brandt's chart levels keep attention on the $65,000 area, with $49,000 highlighted as a potential downside target if weekly support fails.

Bitcoin slipped to around $67,500, two days after topping $72,000, as miners moved 5,450 BTC (about $373 million) to centralized exchanges on 26 March. The flow marked a six-day high and adds to short-term downside risk while traders focus on an ascending support that has sparked five rallies since 6 February 2026.

Bitcoin spot ETF flows have started to stabilize after weeks of outflows, with cumulative inflows recovering by nearly $3 billion since late February. Even so, positioning data indicates many holders remain at a loss, as an estimated average cost basis near $82,000 sits above BTC's roughly $63,000–$69,000 trading band while price action continues to consolidate.

On Friday, March 27, XRP's perpetual futures funding rate climbed 158.19% to 0.0028, pointing to a more bullish tilt among derivatives traders. Over the same 24-hour period, open interest dipped 0.25% to $823.94 million while XRP's spot price fell 1.27% to about $1.34. The move coincided with roughly $6.69 million in liquidations, largely from long positions, as weekly losses widened to over 7%.