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.

BlackRock opened the week of March 23 with more than $77 million in net withdrawals across its two spot crypto ETFs. On Monday, iShares Bitcoin Trust (IBIT) posted a 658 BTC outflow (about $46 million), while iShares Ethereum Trust (ETHE) recorded a 14,802 ETH outflow worth roughly $31.74 million.

Ethereum (ETH) traded in the low-$2,000s as spot Ethereum ETFs recorded about $138.2 million in net inflows in the latest session. Separately, Bitmine was reported to have staked roughly 94,670 ETH, while an inactive whale allegedly bought around 50,706 ETH (about $111 million) via two wallets. Traders are watching $2,100–$2,200 as a key zone, with mid-$2,400s framed as an upside reclaim level.

On March 23, 2026, Jim Cramer said market momentum had shifted to bulls as Bitcoin reversed sharply and pushed above $71,000. The move set off a broad short squeeze, with liquidations reaching $810.75 million over 24 hours and more than $300 million in BTC shorts in four hours. Bitcoin and Ethereum instruments each accounted for roughly $253 million in liquidations.

Digital asset investment products took in $230 million in net inflows for the week ended March 21, after tallying $635 million in the first two days. Midweek, flows flipped as markets read the FOMC meeting as a "hawkish pause," leading to $405 million of outflows. Bitcoin products captured most activity with $219 million of inflows, while Ethereum funds saw $27.5 million of outflows.

Ethereum climbed more than 4% and briefly moved above $2,170 after President Donald Trump said on Monday that the US would pause strikes on Iran for five days. Earlier, an OG wallet transferred and sold 15,002 ETH for about $30.97 million via Coinbase, while ETH continued to trade within the $2,000–$2,200 range.

SIREN surged 156% in a day to a new all-time high of $3.00, but momentum indicators are flashing exhaustion signals. The Money Flow Index reached 82.96 and a bearish divergence appeared alongside a reported $22 million liquidation event, raising the risk of a pullback. Traders are watching $2.07 as key support, with $1.50 cited as a downside level if $2.00 breaks.

Bitcoin moved back toward $71,000 on March 23 after President Donald Trump said U.S.-Iran talks were “very good and productive” and suggested a pause in military action could help end the war. Prices later hovered around $68,600-$68,900, while a rapid liquidation wave saw about $265 million in crypto short positions closed within 15 minutes. The move highlighted how quickly leveraged markets can reprice on geopolitical headlines.

XRP is showing early rebound signals after failing to stay above $1.50, with whales adding roughly 40 million XRP over the past week. On March 22, analyst Ali Martinez said Santiment data showed large-wallet balances rising from about 3.72 billion XRP to nearly 3.80 billion as the TD Sequential printed a buy signal on the 12-hour chart. At press time, XRP traded at $1.37, down about 1.3% in 24 hours and over 6% on the week.

Bitcoin began the new week after dipping to near $67,400 into the weekly close and losing the 200-week EMA trend line around $68,300. Several traders continued to frame downside scenarios, including bear-flag breakdown risk and a potential move below $50,000, while liquidation data showed over $400 million wiped out in 24 hours. Macro pressure also built as gold fell into a technical bear market and oil sought to hold above $100 amid Strait of Hormuz uncertainty.