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With the Bitcoin price evidently in a bear cycle, there were not a lot of positives to take from the market’s performance in the past month. According to a recent on-chain observation, March seems set to be a continuation of the worrying trend, as a relevant metric paints a bearish picture for the world’s leading cryptocurrency. Whale Activity Rouses Expectations Of Sell Pressure  In a recent Quicktake post on the CryptoQuant platform, analyst Arab Chain revealed a critical change in Bitcoin’s whale behavior, as reflected on the Binance Whale To Exchange Flow. This metric tracks the total amount of Bitcoin transferred by large holders into Binance over a 30-day period.  Related Reading: Bitcoin ETF Investors Show Diamond Hands: Only $6.5B In Outflows Since October 10 According to Arab Chain, the whale inflow to Binance, the world’s largest cryptocurrency exchange by trading volume, spiked to as high as $8.8 billion, marking an expansion toward new highs not seen since early 2022. Interestingly, this surge in exchange inflows was seen at the same time Bitcoin was trading at around $64,000. Arab Chain further explained that the sudden, large exchange inflows from these BTC whales suggest a significant rise in the activity of this investor group. According to historical data, these large movements to trading platforms indicate the intentions of whales to sell.  However, more than just a signal of potential sell pressure, this event could also be an indication that Bitcoin’s whales are reallocating their positions. Regardless of the prevalent intent among this investor group, it appears that these whales are preparing for a major move or shift in the Bitcoin market. Arab Chain also referenced observations from comparing the current move to that which occurred in 2021. According to the analytics group, 2021 “saw price peaks followed by sharp corrections after waves of large whale inflows to exchanges.” — and because this is recurring today, it might be a sign of “increased potential selling pressure, or at least a willingness among large investors to manage risk at elevated price levels.” But then, Arab Chain pointed out that surges in exchange inflows do not necessarily mean a bearish period would follow, as some cycles only witnessed high volatility before price continued to expand. Nonetheless, the present conditions reveal that the Bitcoin market is at a “crossroads,” where its price action in the coming weeks could be pivotal in determining what’s next for the asset.  Bitcoin Price At A Glance At the time of this writing, the price of BTC stands at $67,960, reflecting a nearly 3% jump in the past 24 hours.  Related Reading: Bitcoin Historical Cycle Pattern Points To $31,500 Bottom Target – Details Featured image from Shutterstock, chart from TradingView

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Solana led major tokens with a 10.8% bounce, while ether reclaimed $2,000 and bitcoin climbed back above $66,800 ahead of traditional futures opens on Sunday.
What to know:
Crypto prices rebounded sharply Sunday, with bitcoin climbing about 5% to $66,843 after briefly dropping below $64,000 on Saturday amid U.S. and Israeli strikes on Iran.Traders interpreted Iranian state TV's confirmation of Supreme Leader Khamenei's death as increasing the odds of a shorter conflict, fueling gains led by Solana, ether and other major tokens.Despite the weekend surge, weekly performance remains mixed and the rally is seen as fragile, with thin liquidity and upcoming moves in oil, equities and bonds likely to determine whether crypto's bounce holds.Crypto markets snapped back hard on Sunday after spending Saturday pricing in what looked like the start of a prolonged regional war.Bitcoin climbed to $66,843, up 5.2% over the past 24 hours, recovering most of the losses from Saturday's slide below $64,000 after U.S. and Israeli strikes on Iran.The bounce accelerated after Iranian state TV confirmed the death of Supreme Leader Khamenei, which markets interpreted as raising the odds of a shorter conflict.Solana led the recovery among majors, surging 10.8% to $86.42. Ether rose 7.5% to reclaim $1,994, putting it back within touching distance of $2,000 for the first time since Thursday. Cardano added 6.7%, dogecoin gained 6.5%, XRP rose 5.6%, and BNB climbed 4.8%.The weekly picture is messier, however. Bitcoin is still down 1.6% over seven days, XRP has lost 2%, and dogecoin is off 2.5%. Solana and ether are the only majors that have clawed back into the green on the week, up 1.7% and 1.1% respectively.The weekend volatility has been enormous but net movement has been small, which captures the broader story of a market whipsawing on global headlines without actually going anywhere.The bounce looks convincing on a 24-hour chart but fragile in context. Saturday's sell-off happened on thin weekend liquidity. Sunday's rally happened on the same thin liquidity, just in the opposite direction.The real test arrives in hours when equity futures, oil, and bond markets reopen and institutional capital has its first chance to react to Saturday's events.The Polymarket's ceasefire contract gives a 78% chance of a U.S.-Iran ceasefire by April 30 and 61% by March 31, as reported earlier Sunday.If that pricing holds once traditional markets digest the weekend, the bounce has legs. However, if oil spikes and equities gap lower on the open, crypto's Sunday optimism could get faded the same way Wednesday's push to $70,000 was.$ETH $SOL $XRP #solana #iran #bitcoin #IranIsraelConflict