Overview
- Bitcoin is on pace for its strongest week since September 2025, up about 8.5% and trading above $71,000 as it begins to diverge from tech stocks and gold, according to CoinDesk.
- Price has repeatedly failed at the $73,000–$74,000 zone, with Glassnode’s MVRV bands highlighting $73,726 as a key level that analysts say must be reclaimed to extend gains.
- On‑chain data point to relatively light resistance up to roughly $82,000, while support has stepped higher after each recent sell‑off, per Ali Martinez and Santiment.
- U.S. spot bitcoin ETFs logged a five‑day inflow streak this week totaling about $763–$767 million and roughly $1.3 billion so far in March, helping offset whale distribution.
- Risk signals remain mixed as LTH‑SOPR hovers near 1.01 and the Puell Multiple sits near 0.60, derivatives volumes outrun spot with negative funding, and geopolitical tension around the Strait of Hormuz could pressure risk assets.