Trading

Bitcoin's advance back into the mid-$73,000 area faded as the price reversed toward $67,000, dragging Ethereum below the $2,000 mark. Data from SoSoValue indicate that strong early-week inflows into US spot Bitcoin and Ethereum ETFs abruptly turned into sizable outflows on March 5 and March 6, signaling softer institutional demand. At the same time, profit-taking by short-term Bitcoin holders and broader risk aversion tied to Middle East tensions contributed to the pullback, leaving Bitcoin around $67,500 and Ethereum near $1,975.

Between March 2 and March 9, on-chain data analyzed by Axel Adler Jr. shows Bitcoin short-term holders repeatedly selling at a loss, with STH SOPR staying below 1.0 on most days. Over roughly two weeks, the cohort's supply fell from about 6.06 million BTC to 5.92 million BTC, implying around 140,000 BTC exited this group. With the realized price near $89,028 and market price around $67,000, short-term holders are facing about 24% unrealized losses and may add selling pressure on future price rebounds.

Bitcoin is trading around $68,575 while the Coinbase Premium Gap is widening, indicating stronger U.S. institutional demand. Analysts say the growing price spread between Coinbase and other major exchanges has historically aligned with bullish phases, though some warn a move toward $85,000 could still form a bull trap and precede renewed volatility.

On March 9, 2026, Strategy Inc. (MSTR) disclosed a Bitcoin purchase worth about $1.28 billion, adding 17,994 BTC acquired between March 2 and March 8. This followed a 22,305 BTC buy on January 20, 2026, and brought the firm's total holdings to 738,731 BTC, representing 3.5% of Bitcoin's supply and an aggregate cost of roughly $56.04 billion. MSTR shares rose over 2% in the past five days to around $137 as the company accelerated accumulation amid debate over unrealized losses and expectations that BTC may be near its bear market bottom.

Zcash climbed about 9% to trade above $215 after rebounding from recent lows, following Bitcoin's move back over $69,000 on Monday. The privacy-focused token is drawing interest from a US Treasury report on legitimate uses of crypto privacy tools and from a $25 million funding round for a Zcash wallet project. ZEC now faces resistance around the $290–$300 zone while traders watch key support near $175 for signs of either a breakout or renewed downside.

In the week reported on March 9, 2026, institutional investors allocated a net $619,000,000 to Bitcoin and other crypto investment products, according to CoinShares. Bitcoin products captured $521,000,000, while Ethereum and Solana saw inflows of $88,500,000 and $14,600,000 respectively, even as late-week market volatility drove $829,000,000 of outflows. XRP products were the main exception with $30,300,000 in redemptions, and the data showed U.S. investors providing $646,000,000 in positive flows versus outflows from Europe, Asia and Canada.

Digital asset investment products booked $619 million in net inflows last week, with Bitcoin and Ethereum drawing the bulk of fresh capital while regional flows diverged. Solana held support near $81 and traded around $85, as analysts highlighted a potential move through the $86–$87 area that could open the way toward $90 and even $100 if macro and geopolitical risk eases.

Shiba Inu is trading in a narrow $0.0000053–$0.0000056 band after a sharp February decline, with buyers struggling to push the price through nearby resistance. While indicators show weakness rather than a clear capitulation, elevated leverage and mixed exchange flows leave SHIB vulnerable to a breakdown toward $0.0000050 if its current support zone fails.

BitMine, chaired by Tom Lee, has purchased an additional 60,976 ETH for close to $123 million, lifting its total Ethereum holdings to 4,535,563 coins valued at over $9 billion. The firm, which also reports $1.2 billion in cash and several other crypto and equity positions, plans to modestly speed up ETH accumulation as the price trades just above $2,000 after recent market volatility.

On March 9, 2026, cryptoasset outflows from Iran's largest exchange Nobitex jumped 700% to nearly $3 million within 48 hours of coordinated US and Israeli military strikes, while overall trading activity slumped. Users who could stay online shifted funds, mainly via Tether's USDT, to foreign exchanges and private wallets as Iran's central bank halted USDT-to-toman pairs and transaction volumes across local platforms fell sharply.