Ether's readily tradable supply is shrinking as staking participation climbs and exchange-held balances continue to decline. About 38.1 million ETH, or roughly 33.1% of the total supply, was staked on Wednesday, while large exchange outflows and multi-year-low reserves suggest fewer coins are immediately available for spot trading.

Bitcoin climbed above $71,600 at the US market open and briefly traded over $71,700, but spot activity on Binance stayed unusually weak. Analysts flagged March Binance spot volume near $52 billion versus $88 billion in September 2023, while the rally coincided with heavy short liquidations and falling futures open interest.

Bitcoin fell nearly 5% after a strong start to the week, moving lower alongside major US equity indexes and gold as the US and Israel–Iran war entered a fourth week. Over the past three months, outflows from S&P 500 and Nasdaq 100 ETFs hit $64 billion, while spot Bitcoin ETFs saw $253 million leave over the past two days. Analysts cited weaker liquidity and geopolitical uncertainty as factors weighing on demand, with some flagging downside levels such as $55,000–$60,000.

Ether's 30-day average positive net taker volume rose to $142 million on March 17, a level last seen in July 2022, pointing to renewed aggressive buying in derivatives markets. Analysts say ETH could stabilize near $2,000, but a break below $2,150 and a slide into lower liquidity zones may raise the risk of a deeper move toward areas with heavy liquidation interest.

Bitcoin (BTC) fell below $69,000 on Thursday, returning to a six-week range after recently trading above $76,000. Data cited in the report shows heavier selling in perpetual futures than spot, while funding turned positive at 0.05% and bids clustered near $70,000. Analysts outlined upside targets near $72,000–$76,000 if price reclaims $70,000, but warned a break under $68,300 could shift attention to $65,000 and $62,000.

Bitcoin's push to $76,000 has improved sentiment, but Glassnode says onchain signals still fit an early-stage recovery rather than a confirmed bull market. The firm points to an "open" $72,000–$82,000 zone and notes supply in profit is around 60%, below the 75% level it views as stronger confirmation.

On Wednesday, the Crypto Fear & Greed Index held at 26 after touching 28 the previous day, ending a 48-day spell in the extreme fear zone and hinting at improving risk appetite. Over March, total crypto market capitalization has risen 7.65%, adding about $174 billion and marking the first positive month since September 2025. At the same time, Binance saw a $2.2 billion USDT inflow on March 18 and exchange stablecoin reserves climbed to $68.5 billion, suggesting traders are preparing to re-enter the market.

Bitcoin’s price fell 3.4% to around $70,900 on Wednesday alongside a broader U.S. equity sell-off after a stronger-than-expected Producer Price Index reading. Following the Federal Reserve’s decision to keep interest rates unchanged, BTC quickly reclaimed the $72,000 level, with buyers absorbing sell pressure near key support zones around $71,000. Onchain and order book data show profit-taking below $75,000 and passive bids between $71,000 and $74,000, while analysts highlight Bitcoin’s tendency to weaken after recent FOMC meetings.

Bitcoin’s climb above $70,000 has brought it close to the average $79,900 entry level for U.S. spot BTC ETF investors. Onchain and derivatives data show ETF inflows turning positive, buyers outpacing sellers on major exchanges, and key trend indicators such as the 100-day EMA being retested. A sustained move toward $80,000 could decide whether bullish momentum extends or stalls around the ETF breakeven zone.