Foresight News reports that Wintermute stated today that the current price range of BTC has shown signs of fatigue, but the market structure is not bearish; rather, it is stuck in a stalemate. The $85,000 support level has been tested multiple times, serving either as a solid bottom or a trap waiting for a breakout. Despite net outflows of US funds and continued compression of volatility, this support level remains intact, indicating the presence of buying interest below (just moderate in strength). Gold is playing the role that Bitcoin should be playing. The stock market is waiting for earnings reports to validate valuation rationality. Bitcoin, on the other hand, is in a “no man’s land”—neither weak enough to break support nor strong enough to regain upward momentum. The macro environment has been primed for a trend-driven market, but the crypto market has yet to follow suit.
This situation could change due to a reversal in ETF fund flows or shifts in the dollar’s trend. If the Federal Reserve intervenes in the yen exchange rate and the dollar continues to weaken, it will serve as a clear catalyst for risk assets. If the “Big Seven” tech giants report earnings that surpass expectations and the AI narrative continues to ferment, it will drive the Nasdaq index higher and boost the crypto market. Conversely, if Powell signals a hawkish stance or trade tensions escalate, the $85,000 support level will face severe tests. The 60-day consolidation period, combined with such dense event risks, will ultimately force the market to choose a direction.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Crypto ETFs Struggle Again: Bitcoin Loses $90 Million, Ether $136 Million
Crypto ETFs remained under pressure on Thursday, with bitcoin and ether posting another round of outflows. Solana offered a rare bright spot, while XRP activity stayed flat.
Solana Bucks Trend as Bitcoin, Ether ETFs See Fresh Outflows
The mood around crypto ETFs remains cautious. Another day, a
Coinpedia1h ago
BTC rises 0.52% in 15 minutes: Major capital net inflows to exchanges and multiple market resonance driving the move
2026-03-20 21:15 to 21:30 (UTC), BTC recorded +0.52% return in 15 minutes, with a price range of 70124.0 to 70586.6 USDT, and amplitude of 0.66%. This round of volatility occurred against a backdrop of increased market attention and heightened fluctuations, with both on-chain and market participants showing highly active behavior.
The main driver of this volatility was whale funds (entities holding >=1,000 BTC) making a net inflow of 4,091.39 BTC to exchanges within 24 hours, data significantly exceeding the average for the same period. Concentrated net inflows
GateNews2h ago
Bitcoin Has Stabilized, But Investors Are Paying Up for Downside Protection: VanEck
Bitcoin's volatility has decreased to around $70,000, but traders are still heavily investing in downside protection. Although premiums for puts have dropped, they remain high historically, suggesting caution among investors. This defensiveness may signal an impending price bottom, as similar market conditions in the past have led to recoveries.
Decrypt3h ago
