"Bitcoin climbed back to $74,500 by mid March on the back of a $767 million ETF inflow streak, marking the first five consecutive days of positive flows in 2026."
"If BTC drops any further, the largest corporate Bitcoin holder in the world goes underwater on its entire position for the first time, accelerating selling from investors."
"Strongest accumulation zone below $66K is between $62,000-$63,000, where over 400,000 BTC were bought in Feb/March, indicating significant buying interest."
"A break below $58K invalidates the 2026 bullish case entirely, as it marks the bottom of every major Bitcoin cycle."
Bitcoin experienced a recovery to $74,500 after a crash to $60,000, driven by ETF inflows. However, it fell to $66,000 after a 14-day decline and options expiry. The largest corporate holder risks going underwater if BTC drops further. Key support levels include $62,000-$63,000, $56,500-$58,000, and $49,000-$50,000. A break below $58,000 could invalidate bullish trends, while gaps between support levels increase downside risks for Bitcoin's price.
Read at 24/7 Wall St.
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