Trading

Bitcoin is attempting to reclaim the $70k zone after six consecutive weekly declines, with its first green weekly candle showing gains of over 7%. Derivatives open interest has climbed by nearly $4 billion to $46.8 billion, while a negative long/short ratio suggests growing short bias near resistance. At the same time, BlackRock has accumulated 4,172 BTC worth $303 million since 24 February, contributing to a total net inflow of $1.58 billion BTC and reinforcing $70k as a key accumulation area.

As the crypto market pulls back, Solana has surrendered its recent rally, slipping 7% on Friday to revisit the $84 zone after briefly touching $94.05 earlier in the week. Analysts highlight that SOL has fallen back into its $78–$88 range and warn that a monthly close below $123.28 and $99.06 could mirror its 2022 downside pattern. At the same time, spot Solana ETFs remain resilient, with $1.5 billion in inflows and roughly half coming from institutional investors despite the token trading 57% below its July launch level.

Bitcoin's jump to $74,050 on Thursday quickly attracted selling as short-term holders moved more than 27,000 BTC in profit to exchanges over the past 24 hours. On-chain metrics cited by CryptoQuant contributors show that investors who bought within the last one to four weeks, around a realized price near $68,000, are realizing gains instead of holding, adding fresh supply near the range highs. Separate analysis highlights repeated failed breakouts above resistance near $71,000, where recent deviations have been followed by sharp pullbacks.

Bitcoin is trading around the $70,000 mark after rebounding from late-February lows near $63,000 and briefly touching the $74,000 area. On-chain data cited by analyst Axel Adler shows a single-day outflow of about 31,900 BTC from exchanges on March 4, alongside roughly 47,700 BTC leaving platforms over seven days. Stablecoin netflows indicate that around $1.1 billion entered exchanges in early March before flipping to about -$37.5 million, suggesting capital was rapidly deployed into spot Bitcoin purchases and moved to long-term custody.

Altcoin rallies have stalled, allowing a whale to lock in $4.5 million in profits from short positions as Bitcoin trades near $70k and Ethereum around $2k. On-chain and technical data show ETH/BTC consolidating below 0.03 with over $500 million in stablecoin liquidity flowing into Ethereum in the past 24 hours, hinting that an Ethereum breakout could trigger rotation into altcoins and a major short squeeze.

Over the past week, Aptos has repeatedly tested the psychological $1 resistance, climbing to a local peak of $1.11 on 25 February before pulling back by 22% in three days. Technical indicators on the daily and 4-hour charts, including a rising triangle and improved A/D and MFI readings, align with a 1‑month heatmap that shows clustered short liquidations between $1 and $1.12, suggesting a possible bullish breakout while traders remain cautious around this key level.

Bitcoin climbed to a one-month peak of $74,000 on Thursday, supported by renewed US buying interest reflected in a sharply higher Coinbase Bitcoin Premium. The move, which coincided with ETF inflows, quickly reversed as the price slipped back below $71,000 by Friday and CryptoQuant's Bull Score Index stayed at 10/100, signaling a continued bear market. Analysts also cited macro uncertainty and upcoming economic data as reasons any optimism remains constrained.

On March 6, HIP-3 on Hyperliquid reached $2.2B in trading volume, accounting for 30.1% of activity on the platform, while the XYZ:CL crude oil contract saw a 140% daily volume spike to $242M. Crude oil, trading above $90 and briefly over $92, has become the fifth most traded HIP-3 asset as whales rotate into tokenized real-world futures and one trader manages a $3.3M short on CL alongside another wallet holding $315M in BTC and ETH longs.

Bitcoin traded in a tight range on Monday as it hovered around $68,198, while analysts assessed nearly $801.87 million of inflows into Bitcoin exchange-traded funds in the final week of February. Several on-chain and market analysts pointed to parallels with previous cycles, key support levels around $66,000 to $64,000, and contrasting liquidation data at $80,000 and $57,000. These developments have fueled debate over whether Bitcoin will see a short-term correction before any sustained rebound.

Bitcoin briefly traded above $73,000 over the past day, while multiple on-chain indicators from Swissblock and CryptoQuant suggest it may be transitioning out of peak negative momentum. Demand contraction has eased, US spot ETF inflows have turned positive, and selling pressure from both traders and long-term holders has declined, yet resistance zones around $79,000 and $90,000 still define whether this move becomes a lasting regime shift.