PRICE ACTION

• Bitcoin declined slightly from 86,100 to 85,200, trading with low volatility and facing key resistance at 87,700. The asset remains between crucial technical levels, with support at the 20-day moving average of 84,200 and resistance at the 50-day moving average of 89,600.
• Ethereum saw a sharper drop from 2,000 to 1,890 USD, breaking below its 20-day moving average support of 1,977 USD during Asian trading hours. Elevated funding rates indicate overleveraged long positions contributed to the decline. The asset is now below all major moving averages, with immediate resistance at the 30-day VWAP of 2,127 USD.

Notable movers today: BERA (+5.3%), TON (+2.89%), BEAM (-19.2%), EIGEN (-9.4%), ENA (-8.6%), AIXBT (-8.0%).

Friday

ETF Flow

• Top BTC ETFs by volume: IBIT, FBTC, BTC. 194m, 8m, 2m respectively. Net flows – IBIT: 4.0m (27/03), FBTC: 97.1m (27/03), BTC: 5.2m (20/03)

After two weeks of predominantly negative flows across most ETFs, IBIT has emerged as a clear leader with consistent strong inflows while other funds continue to experience mixed but generally weaker activity.

• Top ETH ETFs by volume: ETHA, ETHE, ETHW. 13m, 4m, 3m respectively. Net flows – ETHA: -11.9m (21/03), ETHE: 10.2m (19/03), ETHW: -1.6m (10/03)

Ethereum ETF outflows have moderated from mid-March peaks of $40-60M to smaller $1-5M daily withdrawals across most funds.

• ETF News – Nasdaq has filed with the SEC to list Grayscale’s spot Avalanche ETF, marking continued expansion of crypto ETF offerings beyond Bitcoin and Ethereum.

NEWS

• ⁠ The EU is considering concessions to ease U.S. tariffs that have already impacted exports and are set to rise after April 2. Officials were briefed on upcoming auto and reciprocal tariffs, sparking talks on a potential deal. The European Commission is drafting a “term sheet” outlining key areas for negotiations, including tariff cuts, investments, and regulatory changes.
• ⁠ Stocks fell, and bonds gained as rising inflation and weak consumer spending complicated the Fed’s policy outlook. The S&P 500 erased most of its weekly gains, marking a third straight decline.
• ⁠ Consumer spending edged up 0.1% in February after a sharp drop in January. The core PCE price index rose 0.4% month-over-month—the highest in a year—while the annual rate hit 2.8%, slightly above expectations.
• ⁠ Economists lowered U.S. growth forecasts, citing weaker spending and limited investment amid uncertainty over Trump’s shifting trade policies.

Thursday

ETF Flow

• Top BTC ETFs by volume: IBIT, FBTC, GBTC. 185m, 11m, 9m respectively. Net flows – IBIT: 107.9m (26/03), FBTC: 82.9m (24/03), GBTC: -21.9m (21/03)

Bitcoin ETF flows have shifted from consistent outflows across most funds two weeks ago to a mixed pattern with IBIT now attracting substantial inflows while smaller funds continue seeing modest outflows.

T• op ETH ETFs by volume: ETHA, ETHE, CETH. 5m, 3m, 2m respectively. Net flows – ETHA: -11.9m (21/03), ETHE: 10.2m (19/03), CETH: 0.7m (19/03)

Ethereum ETFs continue experiencing predominantly negative flows across most funds, with ETHA showing the largest consistent outflows while smaller periodic inflows in ETH, ETHE, and FETH have failed to offset the broader selling pressure.

• ETF News – Major financial institutions are expanding their crypto offerings as Fidelity develops a stablecoin for its tokenized Treasury fund while simultaneously pursuing a Solana ETF, and BlackRock is expected to enter the XRP ETF market, signaling growing institutional adoption of digital assets.

NEWS

• ⁠ Stocks declined as the US moved forward with aggressive tariffs on automakers, fueling fears of an escalating trade war despite data showing stronger-than-expected economic growth.
• ⁠ Equities fell for a second consecutive session, though losses in the S&P 500 were trimmed as megacaps like Tesla and Amazon advanced. Auto manufacturers, including Toyota, Stellantis, Mercedes-Benz, and General Motors, saw declines. In the bond market, short-term Treasuries outperformed longer-dated ones, reflecting concerns over tariffs’ inflationary impact.
• ⁠ The US economy grew at a faster rate in the fourth quarter than initially estimated, driven by solid corporate profit gains. The Fed’s preferred inflation gauge—the core PCE index—was revised down to 2.6%, suggesting firms may have some ability to absorb rising costs.
• ⁠ Despite this, uncertainty looms as consumers and businesses brace for the trade war’s effects. President Donald Trump issued a proclamation imposing a 25% tariff on auto imports and warned of stricter penalties for the EU and Canada if they retaliate.

PRICE ACTION

• Bitcoin retraced from 87,800 to 86,000, with key support at 85,400 holding despite mounting selling pressure. A rebound from this level could set the stage for a move toward 102,000, while a breakdown below support may accelerate declines toward 77,600.
• Ethereum declined from 2,056 to 1,995, briefly stabilizing at the 20-day moving average of 1,984 amid heightened liquidations of long positions. The asset faces resistance at 2,151 and 2,323, with elevated funding rates indicating possible market overextension.
• Notable movers today include ORCA (+17.3%), TON(+8.7%), CRV(+7.5%), TNSR(-6.2%), DOGE(-3.7%)

Wednesday

ETF Flow

• Top BTC ETFs by volume: IBIT, FBTC, GBTC. 1091m, 107m, 58m respectively. Net flows – IBIT: 42.0m (25/03), FBTC: 82.9m (24/03), GBTC: -21.9m (21/03)

After weeks of consistent outflows across most ETFs, IBIT has attracted significant positive inflows while other funds show mixed but moderating outflow patterns.

• Top ETH ETFs by volume: ETHA, ETHE, ETH. 49m, 30m, 16m respectively. Net flows – ETHA: -11.9m (21/03), ETHE: 10.2m (19/03), ETH: -1.8m (25/03)

Ethereum ETF outflows have moderated from February’s heavy selling, with daily outflows now averaging $10-20 million compared to previous $50-100 million levels.

• ETF News – Fidelity Investments has filed for a spot Solana ETF with Cboe Exchange, joining other major firms like Franklin Templeton, Grayscale, and VanEck in pursuing approval for Solana-based investment products.

NEWS

• ⁠ Stock gains faltered as concerns over the economic impact of the trade war drained market liquidity, keeping traders cautious.
• ⁠ Following its longest winning streak since January, the S&P 500 fluctuated, while data showed a decline in business equipment spending, signaling companies may be holding back on investments amid tariff and tax policy uncertainty. Freeport-McMoRan surged after reports that US copper tariffs could arrive within weeks. Meanwhile, major banks extended their rally for a ninth consecutive session, the longest since 2006.
• ⁠ Arthur Hogan of B. Riley Wealth noted that tariffs remain a key focus, with traders awaiting updates on upcoming US reciprocal tariffs set to take effect on April 2.
• ⁠ The S&P 500 remained flat, the Nasdaq 100 slipped 0.2%, and the Dow Jones edged up 0.2%. Treasury yields rose three basis points to 4.34%, while the dollar climbed 0.2%. Copper prices in New York hit a record high on tariff speculation.

PRICE ACTION

• Bitcoin continues to trade sideways around 87,500, holding above its 200-day moving average. However, negative funding rates and high long liquidations indicate growing bearish pressure. Key levels to monitor include resistance at 90,000 and support at 77,600, with the 200-day MA acting as a key pivot for future movement.
• Ethereum remains range-bound between 2,055 and 2,084, trading below major moving averages. While funding rates are positive, increased long liquidations suggest mixed sentiment. Key levels to watch include resistance at 2,900 and support at 1,600, with 1,813 serving as a crucial downside threshold.
• Notable movers today: PEPE (+11.2%), SHIB (+9.9%),SUI (8.8%),  DOGE (+6.0%), JTO (+5.9%) .

Tuesday

ETF Flow

• Top BTC ETFs by volume: IBIT, FBTC, GBTC. 1495m, 190m, 111m respectively. Net flows – IBIT: 18.1m (24/03), FBTC: 82.9m (24/03), GBTC: -21.9m (21/03)

After weeks of predominantly negative flows across Bitcoin ETFs, IBIT has led a shift toward positive momentum with several strong inflow days while other funds show mixed but improving activity.

• Top ETH ETFs by volume: ETHA, ETHE, FETH. 140m, 49m, 34m respectively. Net flows – ETHA: -11.9m (21/03), ETHE: 10.2m (19/03), FETH: -3.5m (20/03)

Ethereum ETF outflows have moderated from heavy withdrawals of $50-100M daily in late February to more modest outflows of $10-30M daily through March.

• ETF News – Trump Media & Technology Group has partnered with Crypto.com to launch cryptocurrency ETFs featuring Bitcoin and Cronos, with plans for distribution across the US, Europe, and Asia through Foris Capital US LLC.

NEWS

• ⁠ US stocks continued their recovery from a sharp decline, with the S&P 500 rising 0.2% as investors awaited consumer confidence data for insights into economic resilience amid tariff-driven inflation concerns. Most megacap stocks gained, while KB Home dropped after lowering its sales forecast. Treasury yields remained steady at 4.33%, and the dollar ended a four-day winning streak.
• ⁠ Trump Media & Technology Group surged on plans to collaborate with Crypto.com on “Made-in-America” investments. Also Trump’s World Liberty Financial Crypto Venture said it will launch a dollar-pegged stablecoin. 
• ⁠ A UBS strategist warned that a weakening US consumer could put further pressure on stock prices.
• ⁠ Meanwhile, President Donald Trump introduced a new economic tactic, threatening “secondary tariffs” on countries that purchase oil from Venezuela. The move, announced via Truth Social and later formalized in an executive order, would impose 25% tariffs on nations trading with the US if they import Venezuelan oil and gas. The measure aims to pressure Venezuela, which Trump claims has sent “tens of thousands” of criminals to the US.

PRICE ACTION

• Bitcoin edged up from $87,300 to $87,650, trading between key resistance at the 50-day MA ($90,270) and support at the 200-day MA ($85,075). A negative funding rate of -0.41 bps signals increasing bearish sentiment, though low liquidation volumes indicate reduced market leverage.
• Ethereum remained within a narrow range of $2,070-$2,078, with an imbalance in liquidations—$3,255 in short positions versus $1.09M in long positions. Resistance levels to watch include $2,180, $2,350, and $2,870, while a slight positive funding rate (0.16 bps) suggests stable market sentiment.
• Top movers: BERA (+14.7%), ZEC (+12.0%), ENA (+8.1%), DOGE (+6.4%), WLD (+6.0%), AIXBT (-8.1%).

Monday

ETF Flow

• Top BTC ETFs by volume: IBIT, FBTC, GBTC. 864m, 107m, 61m respectively. Net flows – IBIT: 105.0m (21/03), FBTC: 9.2m (20/03), GBTC: -21.9m (21/03)

After weeks of predominantly negative flows across Bitcoin ETFs, IBIT has attracted significant positive inflows exceeding $100M daily while most other funds continue experiencing modest outflows.

• Top ETH ETFs by volume: ETHA, ETHE, ETH. 62m, 36m, 11m respectively. Net flows – ETHA: -11.9m (21/03), ETHE: 10.2m (19/03), ETH: -6.7m (21/03)

Ethereum ETF outflows have moderated from February’s heavy selling but remain persistently negative across most funds, with only sporadic small inflows appearing in isolated sessions.

• ETF News – Fidelity Investments has filed with the SEC to launch an Ethereum-based tokenized version of its $80 million Treasury Digital Fund (FYHXX), expected to go live on May 30, 2025, pending regulatory approval.

NEWS

• ⁠ US stock futures surged, with Nasdaq 100 contracts jumping 1.4% as investors scooped up beaten-down tech shares. Optimism grew as reports suggested upcoming US tariffs may be more selective than initially feared.
• ⁠ The S&P 500 also gained over 1%, with Tesla rising 4% in premarket trading. Meta, AMD, and Palantir saw gains, while sentiment in the tech sector improved after Ant Group announced AI advancements that could cut costs by 20%. A Bitcoin rally further lifted crypto-related stocks.
• ⁠ Meanwhile, the dollar weakened, and Treasury yields edged higher. Investors were reassured by signs that Trump’s April 2 tariff plans may be more targeted, avoiding broad sector-specific levies.
• ⁠ After weeks of volatility, US equities are showing signs of stabilization. Morgan Stanley analysts predict a turnaround, citing a 3.8% decline in the dollar and potential earnings recovery in the Magnificent Seven stocks. Goldman Sachs expects strong foreign investor demand for US equities to persist, albeit at a slower pace than last year.
• ⁠ Later today, PMI data will provide fresh insights into the US economy, with expectations pointing to continued expansion.

PRICE ACTION

• Bitcoin has shown strong upward momentum, rising from 83.7K to 87.3K, with buying pressure near the 200-day MA at 84.9K. Negative funding rates and high short liquidations indicate potential for further gains, though the price remains within a key range between 90.5K resistance and 84.5K support.
• Ethereum rebounded to 2,082 but is facing resistance at the 20-day MA. With stable funding rates and moderate liquidations, the asset remains below major MAs, signaling overhead resistance. Its next move depends on whether it can break above the 20-day MA or retest support at 1,813.
• Top movers: AIXBT (+29.1%), RENDER (+14.7%), AVAX (+12.2%), ZRX (+11.0%), S (+10.8%), ENA (+8.6%), RAY (+7.9%), SOL (7.3%).