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The US dollar index (DXY) is experiencing one of its largest weekly declines since 2013, fuelling optimism for a potential rally among risk-on assets, including Bitcoin (BTC). The last time the DXY saw such a sharp pullback was during the height of the FTX fiasco in November 2022, which coincided with a Bitcoin bottom. Will Bitcoin See An Uptrend? BTC is down nearly 10% over the past two weeks, largely due to the hawkish stance of the US Federal Reserve (Fed) and concerns over trade tariffs from the US against Canada, Mexico, and China. Related Reading: Is Bitcoin Showing Early Signs Of Bullish Divergence? Analyst Explains Since March 3, the DXY has slid more than 3%, tumbling from 107 to 103 at the time of writing. This decline has sparked hope among cryptocurrency investors for a potential rally. Historical data supports this outlook. In addition to the $15,000 BTC bottom formed in November 2022, the DXY has experienced similar sharp declines on two other occasions – during the COVID crash in March 2020 and back in the 2015 bear market when the premier cryptocurrency traded at $250. On all three occasions when the DXY dropped more than -4 standard deviations, BTC formed a bottom followed by a trend reversal that saw the digital asset resume its bullish momentum. Crypto analyst Merlijn The Trader shared their thoughts on the DXY-BTC relationship. In an X post, the analyst noted that whenever the DXY Moving Average Convergence Divergence (MACD) has turned bearish, BTC has rallied. The analyst illustrated this with the following chart. Fellow crypto analyst Rekt Capital had a similar perspective. The analyst emphasized that BTC has likely formed a higher low after another downside deviation, which saw the cryptocurrency hit a low of $78,258 on February 28. Important To Clear The $90,000 Resistance Another crypto trader, Daan Crypto Trader, hinted that BTC may target new all-time highs (ATH) around $120,000 if it continues to consolidate near range lows. The trader explained: We’ve seen this during every consolidation this cycle where it breaks lower, fails to see continuation, retakes the range and moves higher from there. Let’s see how this one turns out. That ~$90K level remains key. Related Reading: As Bitcoin Sell Pressure Fades, Could A Local Bottom Be Forming? Analyst Explains Recent analysis from CryptoQuant supports the view that BTC may have already formed a bottom. Additionally, seasoned crypto analyst Ali Martinez recently highlighted that BTC has hit oversold levels not seen since August 2024, likely signalling a trend reversal in the short-term. That said, BTC is also facing a bearish deviation as it fills a new Chicago Mercantile Exchange (CME) gap, which may dampen hopes for a swift price recovery. At press time, BTC is trading at $86,870, down 3.3% in the past 24 hours. Featured image from Unsplash, charts from X and Tradingview.com
YEREVAN (CoinChapter.com) — Renzo Crypto gained 60% in value after its Coinbase listing, reaching a monthly high of $0.032 on March 7. The token has climbed 82% since March 5, when Coinbase first announced the listing. Data from CoinGecko shows Renzo Crypto’s market cap at $63 million, with daily trading…
YEREVAN (CoinChapter.com) — The Nucleus Marketplace, an inactive dark web drug market, transferred $77.5 million in Bitcoin after being dormant for nine years. The transaction, detected by Arkham Intelligence, involved sending funds to three wallets, while approximately $365 million in Bitcoin remains untouched. The Nucleus Marketplace ceased operations in 2016, and…
The community analyst at the on-chain analytics firm CryptoQuant has pointed out how this Bitcoin indicator has been aligning with price tops. Bitcoin Binance Whale To Exchange Flow Shows An Interesting Pattern In a new post on X, CryptoQuant community analyst Maartunn has talked about the trend in the Bitcoin Exchange Whale Inflow for the cryptocurrency exchange Binance. The “Exchange Whale Inflow” here refers to an on-chain metric that measures the total amount of the asset that the whale entities are transferring to a given centralized exchange. Related Reading: Bitcoin Bullish Signal: $900 Million In BTC Leaves Exchanges When the value of this indicator is high, it means the whales are depositing a large number of tokens to the platform. Such a trend can be a sign that these large entities are looking to sell, which can be a bearish sign for the asset’s price. On the other hand, the metric being low suggests this cohort may be accumulating or just not planning to distribute, which can naturally be a bullish sign for BTC. Now, here is the chart shared by the analyst, that shows the trend in the 30-day sum of the Bitcoin Exchange Whale Inflow for Binance over the last couple of months: As displayed in the above graph, the 30-day Bitcoin Exchange Whale Inflow for Binance has recently witnessed a sharp climb, which suggests large deposits to the platform have been on the rise. Maartunn has discovered a pattern related to what usually happens whenever the metric shows a trend like this one. From the chart, it’s visible that spikes in the indicator have come around tops in the cryptocurrency’s price. This relationship hasn’t been exact, but it’s true that BTC has witnessed some kind of peak shortly before or shortly after a strong surge in the Binance Exchange Whale Inflow. Related Reading: This Bitcoin Price Range Could Be The Bulls’ Final Defense Line, Report Says Whales are the largest of investors in the sector and Binance is the largest exchange, so it makes sense that the combined behavior related to the two would have noticeable implications for Bitcoin. Following the recent increase, the 30-day Binance Exchange Whale Inflow has reached a value of $7.3 billion, which is the highest that it has been in around three months. It now remains to be seen whether these high deposits would have a similar effect on the asset as before or not. BTC Price Bitcoin has continued to display volatility in both directions during the last few days as its price has been wobbling up and down, with neither bulls nor bears gaining control. At present, the asset is trading around $89,500. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
YEREVAN (CoinChapter.com) — Donald Trump’s Crypto Summit left the crypto community disappointed. The event, which lasted just over 20 minutes, lacked policy updates and offered no concrete regulatory changes. Many had expected Trump to provide details on crypto regulations, but the discussion remained vague. Trump opened the event by stating his…
Bitcoin’s price has once again turned bearish after briefly recovering to $94,000 on Monday. Notably, the cryptocurrency had shown signs of strength earlier this week following a period of decline, but the recovery was short-lived. As of today, Bitcoin slipped below $90,000, marking a 1.8% decrease in the past 24 hours. According to CryptoQuant analyst Crazzyblockk, one key factor contributing to this downward movement appears to be increased selling pressure from large Bitcoin holders. Related Reading: Historic Bitcoin Buy Signal: DXY’s Collapse Signals A Bigger Bull Run Whales and Large Holders Drive Selling Pressure on Binance Crazzyblockk in his latest insight highlights how whales and other large investors on Binance are actively offloading BTC as prices rise. This trend suggests that experienced traders are taking advantage of market optimism to exit their positions, potentially limiting Bitcoin’s short-term upside potential. Whale to Binance Flow Hits 3-Month High at $7.3B Over Last 30 Days “This often happens alongside heavy changes in price and shows that large holders choose Binance as their exchange. Watching whale deposits is important, as their moves can drive the market.” – By @JA_Maartun pic.twitter.com/psD3zuDXf3 — CryptoQuant.com (@cryptoquant_com) March 6, 2025 The trend also comes at a time when whale to Binance flow sees a consistent increase. Crazzyblockk’s analysis of on-chain data from Binance particularly indicates that large Bitcoin holders—categorized as fish, sharks, and whales—are selling into market rallies. The data reveals that the larger the holder, the more strategically they distribute their Bitcoin holdings. These entities account for an increasing share of daily sell-side activity on Binance, suggesting that they are actively shaping Bitcoin’s price movements. As Bitcoin’s price trends upward, whale activity on Binance has intensified, with more BTC flowing into the exchange. The report highlights that while retail investors—often referred to as shrimps—have remained relatively inactive, whales and sharks are capitalizing on rising prices to take profits. This consistent distribution from high-value holders has created sustained downward pressure, preventing Bitcoin from making a parabolic move higher. Bitcoin Market Outlook: Can Accumulation Offset Whale Selling? With large holders continuing to offload BTC, the risk remains that any further upside could trigger even more selling pressure, reinforcing resistance levels. This dynamic means that Bitcoin’s price movement could remain constrained unless new accumulation from long-term investors or institutional buyers offsets the selling trend. Related Reading: Bitcoin Bullish Signal: $900 Million In BTC Leaves Exchanges Crazzyblockk emphasizes that tracking Binance’s whale activity is crucial for understanding market direction. Since these large holders are not just participants but also price movers, their actions can provide insight into short-term market trends. If whale selling slows and new accumulation picks up, Bitcoin could find support and regain momentum. However, if the current trend continues, further downside pressure remains a possibility. Featured image created with DALL-E, Chart from TradingView
Bitcoin and other top altcoins like ADA and Ripple’s XRP surged in price minutes after US President Trump issued a statement on a crypto strategic reserve. After languishing below $85k for days, Bitcoin climbed past $90k last Monday and briefly flirted with the $95k level. However, crypto’s hot streak was brief, making Trump’s latest statement a “sell on news” event. From $94,770 on March 3, Bitcoin dipped to as low as $82,681 on March 4. Leading altcoins also slumped with BTC, creating a ripple effect across the broader crypto industry. Today, Bitcoin is trading wildly between $84k and $91k, more than 10k below its all-time high. Related Reading: Billionaire Warns Of Financial Turmoil—Will Bitcoin Save Investors? What’s Up With The Bitcoin Drop? Bitcoin gradually recovered from a low of $83,000 last week and bounced back to $92k days before the planned White House Crypto Summit this Friday, March 7th. Trump’s latest pronouncement did not specify how the reserve shall be funded beyond what was already included in the US’ crypto holdings. Instead of clarity, the statement was just a commitment to retain crypto holdings, with no specifics on funding. The president’s disclosure on a possible stockpile spurred conversations and debates among analysts and critics. Many crypto holders and supporters backed the possible inclusion of SOL, XRP, and ADA. Stock broker and financial commentator Peter Schiff shared his thoughts on the plan, saying the US government should limit the assets included in the pile. He specifically identified “seized assets”, so the government should not buy additional SOL, ADA, XRP, and ETH. Other Crypto Experts Remain Supportive Of Bitcoin As Bitcoin and other leading altcoins struggle, other crypto personalities publicly announce their support for the project. For example, Metaplanet CEO Simon Gerovich argued that even though BTC is retreating, there’s no denying the importance of Trump’s latest executive order. Gerovich stated that this new order authorizes the Secretaries of Commerce and Treasury to draft a strategy for buying Bitcoin without burdening American taxpayers. He stated that the order is more aggressive and provides a plan for acquiring more crypto without affecting the national budget. Possible Paths To Acquire BTC Discussed Gerovich further explains that there are two ways the US government can acquire Bitcoins and set up a strategic stockpile: One, Trump can exercise his presidential power by using the Exchange Stabilization Fund, which has $39 billion in assets. Two, the president can rely on Congressional approval. The second option is in line with Senator Lummis’ Bitcoin Bill, where the US government will acquire 200k Bitcoins annually for five years. Related Reading: Bitcoin ‘Won’t Stop At $150K’ This Year, Research Firm Chief Says Lummis was one of the first personalities to comment on the latest EO. The senator mentioned that the latest order was just the beginning, and encouraged Congress to pass the Bitcoin bill. Crypto law expert MetaLawman also joined the conversations, supporting the Lummis plan by referencing the bill’s Section 5(a)(1)(A) which authorizes the US Treasury to buy 1 million Bitcoins in five years. Featured image from Gemini Imagen, chart from TradingView
Realized volatility measures how much an asset’s price fluctuated over a past period and is typically calculated by taking the standard deviation of daily (often log) returns and annualizing it. It differs from implied volatility, which reflects market expectations for future price swings. Realized volatility is crucial because it captures actual market risk and helps […]
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Fold Holdings, a US-based Bitcoin (BTC) financial services firm, announced today the addition of 475 BTC to its corporate treasury. This acquisition positions Fold Holdings among the top 10 US public companies with the largest Bitcoin reserves. Fold Holdings Unveils Bitcoin Purchase Bitcoin adoption among corporations continues to snowball, as Nasdaq-listed Fold has acquired another […]