Bitcoin Spot Demand Rises as Short-Term Holders Sell Into Every Break Above $70,000

On 18 March 2026, Bitcoin held steady near recent levels despite macro headwinds such as Iran tensions and an FOMC meeting widely expected to keep rates unchanged. Spot net volume delta on Binance and Coinbase has turned positive after deep negatives in mid-February, while short-term holders are consistently selling whenever price moves above $70,000. At the same time, institutions like Strategy and Metaplanet are aggressively accumulating BTC, even as a 23-bar cycle theory draws attention to key levels at $77,000 and $65,000.