On March 12, Strategy, led by Michael Saylor, is estimated to have purchased about 4,038 BTC in what may be its largest single-day Bitcoin acquisition. The buy is believed to have been financed through issuance of the firm’s STRC capital instrument and could temporarily absorb tens of millions of dollars in market liquidity. At the time, Bitcoin traded around $71,847.22, showing daily, weekly and monthly gains.

Bitcoin's market structure is flashing a potential bottom as a macro model based on the US and China 10-year yields issues a fresh bullish crossover. Large Bitcoin holders holding between 1,000 BTC and 10,000 BTC have resumed accumulation during the latest price drop, while key weekly moving averages and an oversold RSI suggest room for a rebound toward the $100,000 area in the coming months.

Tether has joined Ark Labs's $5.2 million funding round to help expand USDT's reach on the Bitcoin network via Arkade, a financial infrastructure platform on BTC. With USDT already representing over 55% of the $320 billion stablecoin market, its growing on-chain activity has increasingly coincided with Bitcoin relief rallies, hinting that stablecoin liquidity may be shaping BTC's future price moves.

According to Axel Adler Jr., the last active sell-side risk alert appeared in December 2024 at $107K and has remained off for 449 days, while a sustained Accumulation Signal has been active since January 18, 2026. The Rolling Mean Sell-side Risk Ratio has dropped to 1,913, a level historically seen in bear markets, even though spot prices are around $67K-$72K. This combination suggests seller activity is depressed and the market is in an accumulation phase, with the main risk being extended consolidation without a strong price catalyst.

Around 27,000 Bitcoin options contracts with a notional value of about $1.9 billion are expiring on Friday, March 13, alongside a rebound in spot crypto prices. Open interest in BTC and ETH options has climbed, while overall crypto market capitalization has returned to $2.5 trillion with Bitcoin nearing $72,000 and altcoins mostly advancing.

Bitcoin is trading above $70,000 and the 100-hour simple moving average after rebounding from the $68,971 swing low. The BTC/USD pair is consolidating below $71,750–$72,000 resistance, with potential upside targets at $73,200–$75,000 if buyers break higher, while supports sit at $70,400, $70,000 and down to $66,500.

CryptoQuant's Bitcoin Bull Score Index has climbed to 30, signaling that while bearish conditions remain, they are no longer at their most extreme. The index, based on ten on-chain and market indicators, had previously fallen to zero before partially recovering as exchange flows, stablecoin liquidity growth, and price momentum turned bullish. Bitcoin's price has also bounced back above $70,000 after briefly dropping below $66,000 over the weekend.

In comments reported by CNBC, VanEck's Matthew Sigel said Bitcoin miners already control power infrastructure that AI data centers may spend years trying to build, leaving the market yet to fully value this asset. Public mining firms are targeting an increase from 7 GW of capacity to 20 GW by 2027, while some listed players like MARA and Core Scientific are redirecting sites and financing toward AI infrastructure. Sigel argued that miners still trade at a steep discount to traditional data center stocks on a market-cap-per-megawatt basis, even as AI-related demand grows sharply.