The leading cryptocurrency has stabilized at the $70,000 mark. The market has been supported by a renewed influx of funds into US spot bitcoin-ETF, according to a Glassnode report.
Awaiting Liquidity$BTC has stabilised around $70k, with ETF flows improving and sell-side pressure easing. However, muted spot volume and overhead supply suggest stronger demand is still needed to turn this into a recovery.
Read the full Week On-Chain👇https://t.co/MkPSDK7Vol pic.twitter.com/WHL0zMiYEy
— glassnode (@glassnode) March 25, 2026
Analysts clarified that bitcoin still lacks the trading volumes necessary for confident growth. They also noted the formation of a new accumulation zone. Short-term investors holding coins for one to four weeks have created a base support at $70,200.
Major resistance is expected above $82,000, where a significant volume of supply is concentrated. Experts warned that the support at $70,200 remains vulnerable due to the modest scale of current purchases.
Market sentiment remains anxious, reminiscent of the situation in the second quarter of 2022.
Unrealized losses for investors are growing, but there are no clear signs of capitulation yet. Network profit-taking has plummeted by 96% compared to the peaks of July 2025 — from $3 billion to $100 million. This sharp drop in liquidity indicates a shortage of fresh capital.
Spot trading remains sluggish. Price recovery relies mainly on local dip buying. Meanwhile, large investors are cautiously returning to the market: daily inflows into spot ETFs have turned positive again.
In the derivatives market, short positions dominate, and funding rates remain negative. Traders are overpaying to hold shorts, and if the price continues to rise, this imbalance could trigger a cascade of liquidations, giving the price an additional boost.
The increase in volatility has prompted market participants to actively buy put options to protect against price declines. Additional pressure is created by market makers hedging their risks.
Significant changes are expected after the expiration of $10 billion in options. This event will relieve the pressure of hedging trades and make the price more susceptible to external factors, potentially paving the way for further growth if spot demand recovers.
Too Early to Call the Market Bottom
Amid the technical rebound, some analysts claim a local minimum is forming and the altcoin season is beginning.
However, CryptoQuant expert known as Crypto Dan considers such conclusions premature. According to him, structural signals of a trend reversal have yet to appear.
BTC — Still Too Early to Call a Bottom
“To confidently identify a true market bottom, more consistent and decisive confirmation signals must appear across on-chain metrics, volatility structures, and capital inflow trends.” – By @DanCoinInvestor pic.twitter.com/eC4AzXML04
— CryptoQuant.com (@cryptoquant_com) March 26, 2026
After the market entered a bearish phase at the end of 2025, bitcoin fell to $60,000. Although some indicators suggest a possible bottom formation, the analyst views this scenario as merely one of several possibilities. For a confident trend reversal, coordinated changes in on-chain metrics, volatility structure, and stable capital inflow are needed. Until these signals emerge, it is premature to declare the end of the downturn.
On March 25, the price of the leading cryptocurrency reached $72,000. This was aided by the approaching major options expiration and reports of potential de-escalation in the Middle East.