Из жизни альткоинов

Остававшийся неактивным долгое время неизвестный крупный инвестор, «спящий кит», купил 50 706 эфиров на 111,62 млн USDT. Средняя цена покупки составила $2201 за ETH, показывают свежие данные Arkham.

Гендиректор блокчейн-компании JAN3 Самсон Моу (Samson Mow) заявил, что ни одна криптовалюта не сможет конкурировать с биткоином в качестве денег и раскритиковал эфир, вторую по рыночной капитализации криптовалюту.

New forensic reports and leaked court documents show years of dollar payments from crypto Libra (LIBRA) lobbyist Mauricio Novelli to Javier Milei and his inner circle, well before the memecoin collapsed.

Dollar Payments For A Crypto Scandal

Thirteen months after Argentina and the entire crypto world was shaken by the accusations of insider trading against the President of Argentina, Javier Milei, new uncovered evidence shows references to thousands of dollars Novelli had paid the libertarian since 2021, back when he was a congressman, for teaching classes and promoting Novelli’s investment consulting firm, Argentinian outlet La Nación reported yesterday.

Messages and audios recovered by prosecutors reveal that Novelli financed the payouts with crypto, mainly selling USDT and other assets for cash and then delivering physical dollars labeled as the “usual” amount for Milei and associated influencers: monthly payments of around $2,000 during Milei’s time as deputy, later rising to $4,000 routed to his sister and chief of staff, Karina Milei, once he became president in 2023.

A Long List Of New LIBRA Case Findings

The new evidence comes from the forensic analysis of Novelli’s phone and it adds to the long list of revelations regarding the case that have been exposed since last week. On March 14, local outlet El Destape reported the finding of a document that show coordinated calls and messages between Milei, Karina Milei, strategist Santiago Caputo and Libra promoters in the minutes before and after Milei posted the Libra smart contract on X in February 2025. A seized “5 million memo” from Novelli’s notes app describes a potential USD 5 million package (tokens or cash) for Milei’s social‑media promotion and political backing of Libra, framing him as a central “asset” in the project, though no signed contract has surfaced.

A memo outlining a public statement intended to quell the scandal also surfaced. Written in Spanish and dated February 16, 2025, the statement was likely a narrative designed for Milei to share on his social media or to use later in the interview he was scheduled to have the following day with Jonatan Viale, Argentinian outlet Clarín claims.

Additional documents reveal multiple agreements between Novelli and U.S. entrepreneur Hayden Mark Davis, detailing a strategy to leverage Milei’s image and online reach to legitimize Libra.

When Crypto Turmoil Turns Into High Political Stakes

In February 2025, Milei promoted the $LIBRA token on X as a project to fund Argentinian entrepreneurs, triggering a 1,300% spike and then a violent crash that left late buyers nursing heavy losses of as much as $100 million. The episode sparked criminal complaints, a congressional inquiry and allegations that the president used his office to pump a high‑risk crypto asset.

Opposition deputies in Argentina’s lower house have called a new press conference and are moving to reactivate the special Libra commission in Congress after the latest leaks, now accusing Milei of being a “necessary participant” in a premeditated crypto scam. Representative Maximiliano Ferraro (CC), chairman of the Investigative Committee, stated:

We want to be very clear. Nothing will save them. This evidence confirms the president’s political responsibility and his deliberate involvement. We believe they will have to answer to the courts and this Congress.

The presidency maintains its line that Milei only shared Libra “in good faith” and was not fully informed about the project’s details, while officials dismiss media leaks as biased parts of a flawed case file. The Libra affair hits just as Argentina tries to present itself as a crypto hub, with policymakers debating how far to go in formalizing digital‑asset rules and bank participation.

For traders, the lesson is clear: politically branded tokens like Libra carry extreme risk, while more established crypto and stablecoin rails are likely to remain the preferred instruments for hedging local macro volatility.

Cover image from Perplexity, BTCUSD chart from Tradingview

Компания OX Security, специализирующаяся на кибербезопасности, предупредила о фишинговой кампании, нацеленной на разработчиков, использующих открытый код ИИ-агента OpenClaw. Злоумышленники маскируются под официальные коммуникации проекта и пытаются получить доступ к криптовалютным кошелькам пользователей.

Senator Tim Scott discussed the impact of digital asset legislation and the progress on the highly anticipated crypto market structure bill on Tuesday, revealing that a fresh draft could be ready by the end of the week.

Crypto Market Structure Bill Sees Progress

Speaking at the DC Blockchain Summit 2026, Senate Banking Committee Chairman Tim Scott highlighted the “powerful impact for good” that the landmark stablecoin legislation, the GENIUS Act, has already had in the market.

Scott emphasized the importance of clear legislation, noting that politicians and bureaucrats often act arbitrarily without any rules of the road. “The market structure gives us the rules of the road for what I believe is going to be the most powerful force for good for kids like me growing up in poverty in a single-parent household,” he stated.

 

When asked about the status of the crypto market structure bill, known as the CLARITY Act, he humorously said, “Let us pray,” before revealing that significant progress has been made over the past month, largely due to the White House’s involvement.

For context, the crypto market structure bill has been stalled for two months since the Senate Banking Committee published its draft in mid-January. The text included several controversial policies, including significant restrictions for DeFi and the payment of interest on stablecoins.

The latter has become a major point of contention between the banking and crypto industries. As reported by Bitcoinist, the banking side has criticized the GENIUS Act for loopholes that could put the financial system at risk, arguing that allowing interest payments on stablecoins could distort market dynamics.

To address this issue, banks urged lawmakers to include language in the CLARITY Act to ban yield on stablecoins from crypto exchanges, brokers, and related entities, rather than only issuers.

The Senate Banking Committee’s draft proposed that issuers offer rewards for specific actions, such as account openings and cashback. However, it also prohibited interest payments to passive token holders, which ultimately delayed the bill’s January markup session due to backlash.

After weeks of negotiation, the US President’s Council of Advisors on Digital Assets stepped in, holding multiple meetings to negotiate key issues that have stalled the crypto market structure bill.

“I tell you, we have made a lot of progress over the last 30 days. Thank God for the White House getting involved. Patrick Witt has been incredibly helpful,” he told the DC Blockchain Summit.

Following the recent negotiations, Scott explained, lawmakers now have a bipartisan coalition working on “the more important issues that remain undone,” but added that they are making progress “on all the other parts that we don’t hear about,” including issues related to DeFi, ethics, and Anti-Money Laundering (AML).

CLARITY Could Come Soon

Speaking about the proposed deadlines that have not been met throughout the past two months, Scott shared that he had “some artificial deadlines (…) put in place to kind of force the conversation because it had been languishing for too long.”

“We missed lots of my artificial deadlines, but I put them in place so that we would actually have the conversation and create a sense of urgency because I do believe that at some point, politics takes over everything,” he affirmed.

 

The senator called the stablecoin yield compromise the “largest publicly celebrated challenge” lawmakers and crypto legislation have faced, but affirmed that “big Mo’ momentum is finally on our side, and we are heading in the right direction,” with a new, amended draft for the crypto bill potentially being completed this week.

“I believe that this week we will have the first proposal in my hands to take a look at. And if that actually happens before the end of this week, and I think that it will, we’ll at least know that the sketch looks like the person. And if that’s the case, I think we’re going to be in much better shape”, he concluded.

Неизвестный крупный держатель биткоина продал 1000 BTC на сумму $71,6 млн, сообщили аналитики специализирующейся на мониторинге транзакций группы EmberCN.

Криптобиржа Coinbase через один из своих сервисов запрашивает у пользователей сид-фразу кошелька для интеграции средств с разных платформ. На это обратил внимание основатель компании в сфере блокчейн-безопасности SlowMist Cosine.

Data shows the Bitcoin spot ETFs have seen seven consecutive days of inflows, a potential sign that demand momentum is returning in the market.

Bitcoin Spot ETFs Have Just Seen A $199 Million Net Inflow Spike

The spot exchange-traded funds (ETFs) refer to investment vehicles that allow for indirect exposure to an underlying asset’s price movements. For Bitcoin, these funds obtained approval in the United States back in January 2024.

The main appeal of spot ETFs is that investors don’t need to interact with blockchain components like digital asset wallets and exchanges in order to invest into the cryptocurrency. This has made them a popular mode of investment for BTC among the more traditional traders like institutional entities.

As the below chart for the netflow of the Bitcoin spot ETFs from SoSoValue shows, the demand from such investors was weak earlier as the funds faced a flurry of outflows.

These outflows had come as the wider cryptocurrency sector witnessed a bearish shift. In the last few weeks, however, demand has shown signs of returning as capital has gradually started to pour back in.

The last week, especially, has seen a consistent stream of inflows, with the netflow sitting at a positive value for its entire duration. Though, while the inflows have been consistent, their scale hasn’t been terribly large; the largest spike during this period involved a value of $250 million, a few factors smaller than the largest inflows from January.

Ethereum, the second largest digital asset by market cap, has also had spot ETFs available in the US since mid-2024 and just like the Bitcoin funds, they have also enjoyed some inflows recently.

As displayed in the above graph, the US Ethereum spot ETFs have seen six consecutive days of net inflows, one day short of Bitcoin’s streak. The latest spike in the netflow has corresponded to over $138 million flowing into these funds. For comparison, the BTC spot ETFs have witnessed inflows of about $199 million.

The latest market inflows have arrived alongside a recovery surge for the coins, with Bitcoin rising to around $74,000 and Ethereum to $2,300. It now remains to be seen whether the spot ETFs will continue to enjoy positive netflows in the coming days, extending the streak.

In some other news, the top 100 USDC addresses on the Ethereum network today hold about 32.71 billion tokens of the stablecoin, as highlighted by on-chain analytics firm Santiment in an X post.

From the chart, it’s apparent that the latest holdings of the top USDC wallets exceeds the high witnessed back in February 2022. “The top 6 alone now hold just over a quarter (25.6%) of the entire supply,” noted Santiment.

BTC Price

At the time of writing, Bitcoin is floating around $73,900, up more than 6% over the last seven days.

Компания Марка Цукерберга (Mark Zuckerberg) Meta объявила, что к 31 марта приложение метавселенной Horizon Worlds будет удалено из магазина Quest, а 15 июня полностью прекратит работу в VR. Сервис останется доступен только в виде отдельного мобильного приложения.

31 марта начнется очередной этап выплат кредиторам обанкротившейся криптобиржи FTX. Общая сумма транша составит $2,2 млрд, сообщили представители фонда FTX Recovery Trust, отвечающего за компенсации.

The wider crypto market slid about 4% on Wednesday, pulling major tokens back to key support zones and putting renewed pressure on Bitcoin (BTC). 

By mid‑afternoon, BTC had retreated roughly 5% and was trading near $71,240, a pullback that has analysts re‑examining whether the current downturn is simply a short pause or the start of a deeper correction.

Deeper Bitcoin Retracement Ahead?

Market analyst Crypto Con argued on social media platform X that Bitcoin’s present weakness now closely tracks the 2022 bear market after an initial period of even steeper short‑term underperformance. 

Drawing on historical cycle patterns, Crypto Con suggested the next likely stages could take BTC down toward $45,000 and — in a more extended drawdown — as low as $35,000. 

He noted that many technical indicators still have room to fall before reaching cyclical lows and that support metrics converge in the $35,000–$45,000 band. 

“It’s the last drop that does most of the damage, which has been the part that decreases every cycle,” he observed, pointing to October–November as the period when the deepest damage historically occurs.

Macroeconomic developments are reinforcing the cautious tone. On Wednesday, the Federal Reserve (Fed) held its policy rate at 3.5%–3.75%, as widely anticipated. 

Market expert Kyle Chassé weighed in on the Fed outcome and Chair Jerome Powell’s comments, saying the central bank’s messaging and recent data create a difficult backdrop for risk assets like Bitcoin. 

The Fed’s updated projection shows one rate cut in 2026 — unchanged from December — while the inflation forecast was nudged up to 2.7% from 2.5%, a shift Powell linked in part to rising oil prices. 

Powell also described the economic consequences of the Middle East tensions as “uncertain,” noting it is “too soon to know the scope and duration.”

Key Price Levels To Watch 

Chassé described the combination of those elements as “brutal” for risk markets. He argued that the bullish scenario for BTC depends on the Fed treating the recent oil shock as temporary: if Powell does, markets could rally; if the Fed views the spike as longer lasting, liquidity may tighten, and Bitcoin could break support at $70,000. 

Chassé highlighted immediate technical levels to watch: $70,000 is the key floor bulls must defend, with $67,000 as the next downside buffer; on the upside, reclaiming $76,000 would open the door to a relief move toward $80,000.

Institutional flows into and out of spot Bitcoin exchange-traded funds (ETFs) are another decisive near‑term factor, according to Chassé. He noted that a single‑day institutional withdrawal above $300 million would signal risk reduction, while steady inflows would suggest buyers are treating the dip as a buying opportunity. 

Adding to the technical backdrop, Bitcoin’s volatility recently touched 1%, its lowest in two months — a compression that historically precedes renewed volatility, he said. In that sense, Powell’s remarks were a likely catalyst to reawaken price swings.

Featured image from OpenArt, chart from TradingView.com

Аналитики ончейн-платформы Santiment заявили, что после решения Федеральной резервной системы США (ФРС) сохранить процентную ставку без изменений на уровне 3,5–3,75% годовых на крипторынке усилились ожидания роста.

Банк Кореи запустил второй этап проекта Hangang по тестированию собственной цифровой валюты (CBDC) для платежей и расчетов, а также для выплаты государственных субсидий. В пилоте используются оптовая цифровая вона и депозитные токены коммерческих банков.

Омский суд приговорил одного из участников организованной группы, незаконно подключившей майнинговую ферму к ТЭЦ-4 в Омске, к трем годам и одному месяцу лишения свободы условно.

Crypto prediction platform Polymarket and derivatives exchange Kalshi were closing in on $20 billion valuations when the US Congress decided it had seen enough.

A Bill Targeting Crypto And A Very Long Acronym

Senator Chris Murphy of Connecticut and Rep. Greg Casar of Texas introduced the BETS OFF Act this week — short for Banning Event Trading on Sensitive Operations and Federal Functions.

The legislation would make it illegal to place, accept, or facilitate bets on terrorism, assassinations, wars, or any event where someone already knows the outcome or has the power to determine it.

The bill doesn’t stop at US borders. Because many of these contracts trade on offshore crypto platforms, the legislation would extend federal gambling laws to reach international operators.

Payment processors would be required to cut off money flows to prohibited platforms. US-based individuals who run or promote these businesses could face criminal penalties.

Any registered commodity exchange listing these types of contracts would also be barred from doing so.

The law would take effect 30 days after being signed.

Suspicious Trades That Caught Washington’s Attention

The bill’s arrival follows a pair of incidents that drew intense scrutiny on Capitol Hill. Hours before US military strikes on Iran — and before American forces extracted Venezuelan President Nicolás Maduro — anonymous accounts on Polymarket placed large bets on those exact outcomes. They walked away with hundreds of thousands of dollars.

Murphy argued this creates a dangerous setup: when people connected to government decisions can profit anonymously from bets placed before those decisions go public, the line between governing and gambling disappears.

The concern isn’t just corruption. It’s that decision-makers could develop a financial interest in pushing policy toward specific outcomes.

Polling backs up public concern. According to data from Data for Progress, 61% of independents and 57% of Republicans support banning wagers on government actions. Opposition to betting markets tied to terrorism or assassinations is even higher — 80% of voters said no.

Four Bills In Under Three Months

The BETS OFF Act is part of a rapid pile-on from lawmakers. It’s the fourth major piece of legislation targeting crypto prediction markets since January.

In January, Rep. Ritchie Torres of New York introduced a bill barring federal officials from betting on markets tied to government decisions — a direct response to a trader who turned $30,000 into more than $400,000 betting on Maduro’s capture before it happened.

On March 5, a bipartisan pair — Blake Moore of Utah and Salud Carbajal of California — filed a bill requiring the Commodity Futures Trading Commission to ban contracts on terrorism, war, elections, and government activity, with a carve-out letting individual states allow sports betting.

Five days later, Senator Adam Schiff and Rep. Mike Levin introduced the DEATH BETS Act, targeting contracts tied to war, assassination, and individual deaths.

That bill came after $529 million in Iran-related trades hit Polymarket in a single stretch.

Featured image from Thomas Fuller/SOPA Images/LightRocket via Getty Images, chart from TradingView

Ripple Prime is pitching XRP not just as a traded asset, but as working collateral inside institutional market structure. In a March 17 interview with Jake Claver, international CEO Mike Higgins said Ripple’s acquisition of Hidden Road, now rebranded as Ripple Prime, is designed to bring prime brokerage, clearing, custody and treasury functions into a single institutional stack.

Higgins framed Ripple Prime as an access layer for firms trading across both traditional and digital markets. The core idea, he said, is that those markets are no longer separate for much longer, and institutions will need balance-sheet access, collateral mobility and cross-margining tools that work across both.

The Role Of XRP Within Ripple Prime

That is where XRP enters the picture. Higgins said Ripple Prime has built “innovative ways around taking XRP as collateral” and using it to finance trades, allowing institutional clients to post digital assets without first liquidating them into dollars. In practice, that means a firm holding XRP can keep the position on its balance sheet while still accessing leverage or liquidity in markets that do not natively accept XRP.

He gave a concrete example using CME futures. “If you wanted to trade futures on the CME, the CME doesn’t take XRP as good collateral,” Higgins said. “Instead of transforming that and selling that into dollars to give to your clearer, what you can do through Ripple Prime is post your XRP as good margin. We give you dollar credit to trade on the CME, and so now you could be long spot, front-month future, capturing the basis trade.”

That comparison was central to his argument. Higgins likened the model to traditional commodity finance, where a bank would lend against oranges, gold or Treasuries rather than require a client to sell the underlying asset first. The difference now is that crypto-native collateral is starting to be recognized inside institutional risk systems. For holders of assets like XRP, he said, that avoids crystallizing profit and loss, preserves treasury positions and opens up additional return strategies.

He also argued that digital collateral has one structural advantage over traditional assets: it can be moved and liquidated around the clock. That matters not only for trading, but for risk management. “When you trade traditional assets, they have an open and a close every day and they have weekends or long periods of holidays,” Higgins said. “What you get the next day are these huge gaps. A smooth 24/7 market where you can move collateral, that velocity of collateral to meet collateral calls shrinks.”

In Higgins’ telling, the institutional case for tokenization is broader than a single asset. He pointed to Treasury operations, tokenized repo, onchain money-market products and, eventually, tokenized equities as part of the same transition. “You already have crypto as an asset class itself. You have stablecoin usage,” he said. “The world is inexorably moving in this direction and the pace of that is increasing now that we’ve already proven out the thesis of using the technologies with crypto.”

Still, he did not suggest a clean handoff from legacy finance to open DeFi. Higgins repeatedly stressed compliance, counterparty transparency and permissioned access as prerequisites for serious institutional adoption.

Public decentralized venues may be winning market share, he said, but large firms still need AML, KYC and balance-sheet visibility before they can deploy capital at scale. That leaves prime brokers in a familiar role: connecting fragmented pools of liquidity while managing credit, margin and settlement across venues.

At press time, XRP traded at $1.46.

Ethereum has reclaimed the $2,300 level, positioning itself at a critical juncture as the market prepares for a decisive move. After weeks of volatility and corrective pressure, ETH is now testing a key zone that could determine the next phase of price action. While some analysts argue that the current structure is building toward a bullish impulse, others remain cautious, warning that the recent recovery could still lead to a short-term retrace before any sustained upside.

Amid this uncertainty, on-chain data is providing additional context. According to Arkham, Grayscale continues to stake Ethereum and recently staked another 19,200 ETH, worth approximately $44.6 million, just a few hours ago. This adds to its growing position and reinforces its long-term exposure to the asset.

Staking activity from an entity like Grayscale carries structural implications. By locking ETH into staking contracts, the firm is effectively removing liquid supply from the market, reducing the amount of ETH available for immediate selling. At the same time, staking reflects a long-term conviction strategy, as assets are committed to generating yield rather than being actively traded.

For market participants, this behavior can be interpreted as a signal of institutional confidence in Ethereum’s long-term value, even as short-term price direction remains uncertain.

Grayscale Expands Staking While Market Remains Cautious

Institutional activity continues to provide a structural backdrop for Ethereum, even as price action remains uncertain. On March 13, Grayscale (Ethereum Mini Trust) staked 57,600 ETH, valued at approximately $121.6 million, marking one of its largest recent allocations into staking. This move reinforces a broader trend of institutional players increasing exposure to Ethereum through yield-generating strategies rather than maintaining liquid positions.

From a supply perspective, this is meaningful. Staked ETH is effectively removed from the circulating supply, reducing immediate sell-side pressure and tightening available liquidity in the spot market. In isolation, this type of behavior would typically be interpreted as supportive of price over the medium to long term.

However, the market response has been more restrained. Despite these large-scale staking inflows, Ethereum’s price action continues to reflect caution rather than conviction. The asset remains near key resistance levels, with limited follow-through after recent attempts to move higher.

This divergence suggests that while long-term capital is positioning aggressively, shorter-term participants are still hesitant. Macro uncertainty, recent volatility, and prior liquidation events continue to weigh on sentiment.

As a result, Ethereum currently presents a mixed structure: institutional accumulation on one side, and cautious, reactive trading behavior on the other.

Ethereum Faces Key Resistance After Reactive Bounce

Ethereum’s price structure on the 3-day chart reflects a reactive recovery rather than a confirmed trend reversal, despite the recent reclaim of the $2,300 level. The asset is rebounding from the sharp selloff seen in February, where price briefly capitulated below $2,000 before finding demand and stabilizing.

Technically, ETH is now attempting to push into a dense resistance cluster between $2,300 and $2,600, an area that previously acted as support and has now flipped into resistance. This zone also aligns with the short-term moving averages, which are beginning to flatten but have not yet turned decisively bullish.

The broader structure remains cautious. Price is still trading below the 200-day moving average, indicating that the macro trend has not fully shifted back to bullish. Additionally, prior lower highs from late 2025 remain intact, suggesting that ETH is still operating within a corrective or transitional phase.

Volume dynamics reinforce this interpretation. While the bounce from local lows showed increased participation, follow-through volume appears limited, pointing to selective buying rather than aggressive accumulation.

To confirm a stronger recovery, a sustained break above $2,600 is likely required. Until then, the current move can be interpreted as a relief rally within a broader restructuring market environment.

Featured image from ChatGPT, chart from TradingView.com 

Bitcoin is approaching a price level that has, without exception, led to the absolute bottom of every major bear market cycle in its history, and on-chain indicators show the moment of maximum opportunity may be drawing near for Bitcoin traders to capitalize on an incoming rally.

Bitcoin’s Historical Bottom At The 200-Week Moving Average

One technical level has held with incredible consistency throughout more than a decade of Bitcoin’s price history. This technical level is, in fact, the 200-week moving average. Bitcoin has never closed a weekly candle meaningfully below the long-term 200-week moving average, even during the pandemic-era crash of 2020 and the cycle bottom of late 2022, and has, in each instance, staged a powerful recovery every time it touched it.

The chart below shows Bitcoin moving in cycles, with each correction eventually cooling off near this long-term average before the beginning of a rally phase. Notably, the Bitcoin price action followed this same script in 2015, 2018, and 2022. Each time, extended drawdowns ended only after Bitcoin touched or briefly dipped below the 200-week moving average.

The chart also adds a 14-month Relative Strength Index reading directly onto price via a color-coded dot system. Red dots highlight overbought euphoria around cycle peaks, while blue dots signal deeply oversold conditions consistent with capitulation bottoms. Green and yellow dots, on the other hand, populate the recovery and mid-cycle expansion phases in between.

At present, BTC is trading just above that same line once again, placing the price in a position that has historically led to a bottom. Blue dots are once again beginning to form along the current price trajectory. This is precisely the RSI pattern that appeared at the 2015 bottom, the 2018-2019 bottom, and the 2022 bottom.

If history holds, then the distance between the current price and a confirmed cycle bottom may be very small indeed. Bitcoin can either start a new rally from here or reverse from here to retest $60,000 again before embarking on the rally.

A Larger Breakout Structure Points To $500,000

According to crypto analyst Coinvo Trading, a multi-year Cup and Handle formation is playing out on Bitcoin’s monthly chart. The bullish structure stretches across several years, with the rounded cup forming from mid-2021 to early 2025. The breakout of neckline resistance occurred in 2025, and the handle stage of the pattern has been forming since then. 

As it stands, BTC is now approaching the final stages of this formation. Coinvo Trading projected the measured price target for this breakout at $505,761, which is derived from projecting the full depth of the cup formation above the breakout level. “Once it breaks, you’re too late,” the analyst warned.

Bitcoin is attempting to push above the $75,000 level as market activity intensifies and bullish momentum begins to build. The recent price action suggests that buyers are testing a key resistance zone, with traders closely watching whether BTC can sustain a breakout and extend its recovery after weeks of volatility.

However, underlying data indicate that confidence among certain market participants remains fragile. According to a CryptoQuant report by analyst Darkfost, short-term holders (STHs) are still showing signs of caution despite the improving trend in Bitcoin’s price. Rather than fully committing to the rally, many of these investors continue to treat upward moves as opportunities to secure profits.

The report highlights that the current macro and liquidity environment is not particularly favorable for aggressive risk-taking, which is influencing behavior across the market. As a result, STHs are more inclined to realize gains quickly, contributing to intermittent selling pressure during periods of price strength.

This dynamic creates a mixed structure for Bitcoin. While demand is clearly returning and pushing prices toward higher levels, persistent profit-taking from short-term participants may act as a temporary ceiling, particularly around key resistance zones like $75K, where liquidity and sell-side pressure tend to concentrate.

Profit-Taking Pressure Builds as Bitcoin Tests $75K

According to CryptoQuant analyst Darkfost, recent on-chain data shows a clear resurgence in profit-taking activity among short-term holders as Bitcoin approaches key resistance levels. The report highlights that the amount of BTC in profit sent to exchanges has reached a yearly high, coinciding with Bitcoin’s attempt to break above the $75,000 level.

In a single day, more than 48,000 BTC in profit were transferred to exchanges by short-term holders, signaling a strong willingness among these participants to realize gains rather than hold through potential volatility. This behavior suggests that a significant portion of the market remains focused on short-term opportunities, even as broader conditions begin to improve.

Structurally, this trend reinforces the idea that each upward move is still being treated as an exit opportunity by short-term investors. Instead of supporting sustained upside, these participants are actively supplying liquidity into rallies, creating friction at key resistance zones.

This dynamic introduces a layer of complexity to Bitcoin’s current price action. While demand is clearly returning, persistent sell-side pressure from profit-taking can slow momentum and delay breakouts.

For now, the market appears to be balancing between renewed buying interest and opportunistic selling, with the behavior of short-term holders likely to play a critical role in determining whether Bitcoin can establish a sustained move above resistance.

Bitcoin Tests Key Resistance After Recovering From February Selloff

The daily Bitcoin chart shows the asset continuing its recovery after the sharp selloff that took place in early February. BTC is currently trading around $74,100, having rebounded from lows near the $60,000–$62,000 region, where a clear spike in volume signaled capitulation and strong buyer absorption.

Following that low, Bitcoin established a consolidation base between $65,000 and $70,000, gradually building momentum before pushing higher into the current resistance zone. The recent move has allowed BTC to reclaim the short-term moving average, which had previously acted as dynamic resistance throughout the downtrend, indicating that short-term momentum is now shifting in favor of buyers.

However, the broader structure remains cautious. Price is still trading below the 100-day and 200-day moving averages, both of which continue to slope downward. This suggests that, despite the recovery, Bitcoin remains within a larger corrective phase.

The $74,000–$76,000 region is now acting as a critical resistance area. This zone aligns with previous support that broke during the February decline, making it a likely area of supply and profit-taking pressure.

A confirmed breakout above this range could open the path toward $80,000 and $85,000, while rejection may lead to renewed consolidation below resistance.

Featured image from ChatGPT, chart from TradingView.com 

В современной криптографии существуют способы шифрования, которые позволяют защищать данные, не ограничивая возможности их обработки. Один из таких способов — Fully Homomorphic Encryption («полностью гомоморфное шифрование»). FHE высокоустойчиво к квантовому взлому.