Bitcoin Drops Below $70,000 As Ethereum, XRP, Dogecoin Slide 2%

Bitcoin is trading below $70,000 despite steady ETF inflows and a slight improvement in sentiment.

Notable Statistics:

• Coinglass data shows 80,886 traders were liquidated in the past 24 hours for $174.56 million.
• SoSoValue data shows net inflows of $167.2 million from spot Bitcoin ETFs on Monday. Spot Ethereum ETFs saw net outflows of $16.2 million.
• In the past 24 hours, top gainers include Bittensor, Kite and Artificial Superintelligence Alliance.

Notable Developments:

• Bitcoin Crashed 20%+ After Every Bank Of Japan Rate Hike—And Another One May Be Coming
• Polymarket Is Done Being Free: New Fee Structure To Be Introduced On March 30
• Bitcoin To $80,000? Don’t Get Bullish Even If It Happens, Analyst Warns
• NYSE Building Separate Blockchain Venue That Will Allows 24/7 Securities Trading
• Bitcoin Ping Pongs Around $70,000 As Trump Headlines Drive Volatility
• Bernstein: 45% Bitcoin Crash Is The ‘Weakest Bear Case In History’, $150,000 Remains The Target
• CRCL Sheds 6% Despite EU Push To Fast-Track Digital Asset Framework

Trader Notes: Trader Michael van de Poppe said Bitcoin has recently outperformed gold, forming a bullish monthly engulfing pattern on the BTC/gold chart.

Despite the strength, he said Bitcoin still appears undervalued relative to historical norms, pointing to a potential “mean reversion” range near $90,000–$95,000.

Trader Crypto Tony noted Bitcoin is at a key inflection point, highlighting two critical levels:

• $68,900: Must hold to avoid further downside and potential new lows
• $72,300: A reclaim would signal renewed strength and shift momentum higher

Daan Crypto Trades said Bitcoin is consolidating around $70,000, with liquidity clustered near $69,000 on the downside and $71,500 on the upside. He expects a sweep of one side before a clearer directional move emerges.

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