Bitcoin (BTC) has lately been experiencing some violent pangs of fluctuations. These downsides have had a severe impact on Bitcoin’s trajectory, compelling the asset to change its pace. At present, Bitcoin has gained modest traction, reclaiming its $65K price spot. Will March 2026 prove to be a month where Bitcoin starts to regain its lost momentum? Or will it be another month consisting of long downward streaks?
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According to thelatest So So value data, Bitcoin ETFs have been rapidly experiencing outflows, recording nearly $316 million worth of outflows.
“BITCOIN ETF INVESTORS HAVE BEEN UNDERWATER FOR 25 DAYS, HOLDING POSITIONS WITH AN AVERAGE COST OF AROUND $83K. This marks the longest pain period in ETF history.
BITCOIN ETF INVESTORS HAVE BEEN UNDERWATER FOR 25 DAYS.HOLDING POSITIONS WITH AN AVERAGE COST OF AROUND $83K.This marks the longest pain period in ETF history.pic.twitter.com/rjlwgsVGYJ
At the same time, Bitcoin is also encountering asteady streak of accumulation, with many investors participating in buying Bitcoin at discounted prices. Nearly 400,000 BTC tokens have been accumulated as of late, bought at an average price of $60 to $70K.
Per notable expert Michael Van De Poppe, it’s crucial for Bitcoin to hold on to the $65K support to lead a rally that may help the asset eventually claim the $70 mark. Poppe shared an online BTC chart showing how the markets are now shaping up an upwards trajectory.
“The markets are shaping upwards. That’s a great signal for $BTC. Hold above $65K, and I think we’ll start attacking $70K+ after the expiration of the options on Friday.”
The markets are shaping upwards.That's a great signal for$BTC.Hold above $65K and I think we'll start attacking $70K+ after the expiration of the options on Friday.pic.twitter.com/MhpON96GUe
At the same time, Senator Cynthia Lummis believes the crypto market can reclaim its lost momentum once the Clarity Bill makes its way into the mainstream.
Source: Watcher Guru
