Bitcoin Holds Support While Ethereum, XRP, Dogecoin Slide On Friday

Bitcoin is maintaining support around the $65,000 level amid strong institutional interest heading into the weekend.

Notable Statistics:

• Coinglass data shows 96,079 traders were liquidated in the past 24 hours for $259.25 million.
• SoSoValue data shows net inflows of $254.5 million from spot Bitcoin ETFs on Thursday. Spot Ethereum ETFs saw net inflows of $6.6 million.
• In the past 24 hours, top losers include pippin, Kite and Zcash.

Notable Developments:

• There Is No Bitcoin Conspiracy, Bitwise’s Matt Hougan Says: ‘Reality Is More Boring’
• Binance Arbitration Push Denied By Judge In Crypto Loss Dispute Involving Changpeng Zhao
• Ethereum Slides 35% In A Month, But LinkedIn Co-Founder Reid Hoffman Stays Long
• Ripple CEO Bullish After ‘Decade Of Work’ As Flare CEO Eyes $5B In XRP By Mid-2026
• Bitcoin In A Bear Market: When And Where Will It Bottom?
• Fred Thiel Says MARA Holdings Will Leverage Bitcoin Holdings For ‘Financial Flexibility’ As Firm Pivots Beyond Pure-Play Mining

Trader Notes: Trader IncomeSharks noted that Bitcoin remains stuck in the so-called “Box of Despair,” with expectations for a slow, grinding move higher in March. However, a true breakout may not come until May or June.

Swing trader Jesse Olson explained Bitcoin’s structure and momentum remain unchanged, with each sharp rebound continuing to get sold, a classic bear market pattern.

Recent +21.64% and +20.26% bounces were both met with renewed selling, reinforcing the same playbook until proven otherwise.

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