Bitcoin Price Breakout: Massive $72,000 Supply Wall and Head & Shoulders Threat
coinspeaker.com2 days ago
Bitcoin Faces $72K Supply Wall: Head & Shoulders Risk
The Bitcoin price has surged past $70,000 in a decisive breakout attempt, but the rally has slammed directly into a dense block of sell orders. Traders are now monitoring a critical supply wall between $71,800 and $73,000, a range that has historically acted as a graveyard for bullish momentum.
While the recent impulse move cleared the psychological $70,000 barrier, analysts warn that failing to reclaim $73,500 could confirm a disastrous technical setup. The stakes for this specific level are high.
A rejection here would not merely signal a pause but could validate a macro bearish structure that has been building for months.
Bitcoin Price Technical Analysis: Head and Shoulders Pattern Targets $50,000
The primary concern for technical traders is the emergence of a potential Head and Shoulders pattern on the higher timeframes. While the recent rally has been powerful, it has pushed price action into a zone, which is a “historically important resistance zone.” This area, specifically the $BTC resistance $72k level, marks the neckline of a formidable reversal structure.
If bulls fail to close daily candles above $73,500, the rejection could complete the right shoulder of this bearish formation.
The measured move for such a breakdown is severe. Standard technical projections for a Head and Shoulders pattern of this magnitude suggest a downside target near $50,000. This aligns with the broader bearish structure where prices remain below the long-term downtrend line from previous record highs. Furthermore, the 50-day and 200-day moving averages continue to exhibit a negative slope, a condition that typically favors selling into strength rather than chasing breakouts.
Momentum indicators offer a mixed but cautious signal. While the RSI has recovered from oversold territory, it has not yet confirmed a bullish reversal, hovering in a neutral zone that often precedes volatility.
I Spent Millions On Men And Got Betrayed”- Idia Aisien Opens Up
Idia Aisien, a Nigerian-American actress and TV host, discussed her dating experiences.
She revealed that she has financially supported former partners in hopes of building committed relationships.
Aisien expressed feelings of disappointment after investing money in these relationships.
Nigerian-American actress and TV host Idia Aisien recently opened up about her experiences with dating, revealing that she has spent significant amounts of money supporting former partners, only to feel let down later.
In a discussion with media personality Toke Makinwa, Aisien shared that she used to financially assist the men she dated, believing it would help foster a long-term, committed relationship.
“I spent millions on men,” she admitted. “If a guy told me his business wasn’t doing well, I would give him a couple of millions. Back then, I was dating with the intention of marriage, so I didn’t want my partner to struggle. I tried to help him invest in things he was working on.”
She explained that she thought supporting a partner during tough times would lead to mutual care and respect in the future.
“I believed that if you support a guy in the beginning, when he eventually succeeds, he would be there for you too. I thought the way you treat him reflects how he will treat you later,” she said.
Aisien recounted a particularly painful experience with a former boyfriend she had financially helped, who later disappeared from her life while she discovered he had traveled to Dubai with another woman.
“At first, he said his phone wasn’t working,” she explained. “But then one of my brothers informed me that he was seen with another woman, and they even had photos.
On March 12, Hyperliquid stated on its $X platform that $RWA asset trading on its platform has repeatedly hit new highs over the past two weeks, with open interest exceeding $1.3 billion and weekend trading volume surpassing $1.4 billion.
Hyperliquid stated that it is the primary venue for 24/7 price discovery for oil, metals, indices, and other key assets when traditional markets are closed, representing a significant step towards accommodating all financial assets.
After four straight days of pressure, SOL flows finally reversed. On March 11, SOL saw $1.66M in net inflows, with $SOL attracting $3.1517M and GSOL posting $1.4886M in outflows. As soon as price began to stabilize, capital started to come back. The market may not have fully turned yet, but smart money seems to be betting on Solana again. Is this a turning point in flows, or the start of a broader sentiment recovery? #Solana $SOL #OilPricesSlide #BinanceTGEUP #CryptoAnalysis" #SoSoValue $XRP
Nigerian stock market crosses 197,000 threshold for the first time ever
March 9, 2026
Stock market
The Nigerian Exchange crossed the 197,000-mark for the first time ever on 9 March 2026, with the All-Share Index rising 228.8 points to close at 197,197.0
Trading activity showed moderate strength, with volume rising to 762.5 million shares from 585 million, reflecting cautious but improving investor participation.
Equity capitalization followed suit, increasing slightly to N126.5 trillion across 86,488 deals, up from N126.43 trillion in Friday’s session.
Bitcoin Price Reclaims $70,000 As Trump Declares Possible End To Iran War coinspeaker.com23 hours ago Crypto, Stocks Rally as Trump Eyes End to Iran War
Bitcoin price is trading around $70,700, up 3% over the past 24 hours, as President Donald Trump suggests a possible end to the Israeli and U.S. military campaign against Iran. The administration’s de-escalation rhetoric triggered an immediate reversal in global energy markets, sending West Texas Intermediate (WTI) crude plunging from overnight highs of $120 back to $85 per barrel. However, things might differ from Trump’s claims. The Iranian government has stated there are no ceasefire talks. Consequently, both crypto and stock markets appear to be slowing down, awaiting ceasefire confirmation or Iran’s assertion that the war is not yet over. Bitcoin Price Surges And Oil Dumps on Claims Of Possible End to War Trump’s late-afternoon comments suggested that military operations in the region are operating “very far ahead” of the administration’s initial four-to-five-week projected time frame, fundamentally altering the macroeconomic outlook for the quarter. Prior to the announcement, the Iran conflict had driven a historic oil price frenzy, raising immediate concerns about widespread energy price shocks and a subsequent resurgence in sticky global inflation. As WTI crude collapsed by over 30% from its Sunday evening peak, ultimately settling 6% lower for the day, the implied threat of sustained inflationary pressure rapidly unwound. This normalization in energy markets directly translates into easing Treasury yields, as traders aggressively reprice the Federal Reserve’s likely interest rate trajectory for the remainder of the year. The resulting drop in the opportunity cost of holding non-yielding digital assets effectively spurred capital to flow back into riskier investments. However, geopolitical experts caution that the ambitious operational scope, including dismantling Iran’s missile infrastructure and tackling regional proxy forces, makes military manoeuvres likely to remain complex even with the administration’s optimistic victory messaging. And after the initial dump, oil prices are now back to $89 a barrel.
Bitcoin Price Recovery Above $70,000 Preserves Bullish Structure: For Now
Trump’s claim helped Bitcoin firmly reclaim the $69,000-$70,000 level, effectively invalidating the short-term bearish divergence that had threatened to drag the asset significantly lower over the volatile weekend trading session. This isn’t a confirmation yet. Traders are actively identifying $71,200 as the primary overhead resistance level that bulls must decisively reclaim to fully confirm a return to a true price discovery phase. On the downside, maintaining the $68,000 psychological threshold remains deeply critical to defending the asset against any sudden reversals. Such pullbacks could easily be triggered by unexpected geopolitical flare-ups or mixed signals during the administration’s scheduled situation updates. Traditional Markets React: Nasdaq and S&P 500 Catch Relief Bid As the New York market closed, the risk-on theme continued to push traditional equities, which helped keep the crypto market climbing. The Nasdaq Composite, which is tech-heavy, went up by 1.25%, and the S&P 500 index finished the day 0.8% higher after a bit of a rollercoaster. Even though the market is looking pretty good, there are still some important problems that need to be sorted out. For example, the European alliance is not as strong as it used to be, especially with disagreements about who gets to use the base in Spain and the United Kingdom. This makes it harder to move things around. The Strait of Hormuz, a crucial shipping route, remains contested, which will likely continue to cause shipping disruptions. Until we know for sure that war is over and what the final outcome will be, the current rise in crypto and traditional stocks depends on things staying calm in the global energy markets. Daniel Frances is a technical writer and Web3 educator specializing in macroeconomics and DeFi mechanics. A crypto native since 2017, Daniel leverages his background in on-chain analytics to author evidence-based reports and deep-dive guides. He holds certifications from The Blockchain Council, and is dedicated to providing "information gain" that cuts through market hype to find real-world blockchain utility.
Oil Price Turbulence Sparks Volatility Across Global Financial Markets
an hour ago
$BTC
$ETH $BNB
Global financial markets traded cautiously on Wednesday as oil prices surged again, triggering renewed volatility across equities and currency markets amid escalating geopolitical tensions in the Middle East.
Brent crude oil, the international oil benchmark for Nigerian oil, climbed 4.7 percent to about $92 per barrel, while U.S. benchmark crude rose 5.6 percent to around $88 per barrel in early trading.
The sharp increase in energy prices has unsettled financial markets worldwide as investors worry that the ongoing conflict involving Iran could disrupt global oil supply routes.
Oil prices had earlier surged close to $120 per barrel earlier in the week, their highest level since 2022 before retreating as markets reacted to evolving geopolitical developments.
The turbulence in energy markets spilled into global equities with major indices across Asia and Europe delivering mixed performances.
In Asia, Japan’s Nikkei 225 advanced 1.4 percent to 55,025.37, while South Korea’s Kospi also gained 1.4 percent to 5,609.95 after earlier rising more than 3 percent during the trading session.
Hong Kong’s Hang Seng Index declined 0.2 percent to 25,898.76, while mainland China’s Shanghai Composite Index edged up 0.3 percent to 4,133.43 as investors assessed the potential impact of rising energy prices on global economic growth.
Elsewhere in the region, Australia’s S&P/ASX 200 rose 0.6 percent to 8,743.50, while Taiwan’s benchmark index climbed 4.1 percent. India’s Sensex fell 1.8 percent, reflecting cautious sentiment among investors.
European markets, however, moved lower as concerns over energy costs and geopolitical risk weighed on investor sentiment. Germany’s DAX dropped 1.5 percent to 23,613.47, while France’s CAC 40 fell 0.9 percent to 7,986.41. k
Bitcoin Options Traders Are Positioning for a Break Above $80,000
coinspeaker.coman hour ago
Bitcoin Options Traders Position for Break Above $80K
Bitcoin options traders are rotating back into calls, with derivatives data suggesting growing conviction that BTC can reclaim the $80,000 level before the end of the second quarter.
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On-chain options platform Derive.xyz places the probability of BTC trading above $80,000 by the end of June at approximately 35%.
On 4 March 2026, BTC broke out of a symmetrical triangle that had compressed price between $63,000 and $72,000, with the breakout accompanied by elevated volume. As of March 9, BTC was trading at approximately $68,400, up 3.7% on the session, with the 50-day EMA at $74,400 representing the nearest meaningful resistance before the $80,000 zone.
Prediction market Polymarket has tracked a parallel shift in sentiment, with odds of $BTC reaching $80,000 by March end rising from 20% to 39% in a single trading session, and $75,000 odds jumping from 40% to 67%. These are not institutional-grade instruments, but the velocity of the move captures how rapidly the narrative has pivoted from crash hedging to recovery positioning.
Bitcoin Options Data: Call Concentration and Skew Recovery Signal Bullish Tilt
The most actionable signal in current derivatives markets is the sharp recovery in bitcoin’s options skew. Nick Forster, founder of Derive.xyz, told CoinDesk that $BTC 's seven-day and 30-day skews have rebounded from approximately -25%, the panic lows recorded in early February when $BTC fell toward $25,000, to roughly +10% today. Under neutral market conditions, delta skew typically hovers between -6% and +6%. A reading of +10% places current sentiment firmly in bullish territory.
That shift indicates traders are unwinding protective put positions and rotating into upside exposure.
Data: Total RWA market capitalization has increased by 66% year-to-date, reaching $23.60B
WuBlockMar 11, 2026
#DeFiRWA+1.14%ALLO-4.49%
DeFiLlama data reveals that, as of March 11, 2026, the total market capitalization of tokenized real-world assets ($RWA) on public blockchains has risen to approximately $23.6 billion, an increase of 66% since the start of the year.
Among these, tokenized funds account for 44.5% of the market share, with a market size of $10.5 billion; tokenized gold and commodities, and tokenized stocks, stand at approximately $6.5 billion and $4.0 billion, respectively (tokenized U.S. equities have already surpassed $1.0 billion).
Additionally, the market capitalization of tokenized U.S. Treasury securities reached $11.13 billion in March.
Bitcoin Price Faces Further Crash as Whales Liquidates Recently Bought BTC: Report coingape.com48 minutes ago
The Bitcoin price could crash even further as whales begin to sell off recently accumulated $BTC tokens. The coin resumed its decline after initially reclaiming the $74,000 mark during the week. Bitcoin Price Crash May Continue Despite Rebound: Santiment In their new report, Santiment explained that the whales “accumulated heavily” from February 23 to Mar. 3, during which the cryptocurrency traded between $62,900 and $69,600. Currently, retail investors have been buying up the coin after it fell below $70,000, but the whales’ activities indicate that the Bitcoin price could still crash, at least based on past trends. Since Wednesday, the cryptocurrency’s rise above $70,000 and reaching $74,000 levels has seen the whales selling 66% of their recent buying activity. MSport, Official Regional Partner of Chelsea in AfricaNGN1,200,000,000 Vouchers are given away on MSport. You can be the next Big Winner.MSportby TaboolaSponsored Links“The moment Bitcoin hit $74k, these key stakeholders began taking profit,” they said. When retail buys while whales sell, it typically signals that the correction is not yet over.” This has also coincided with the fact that the spot Bitcoin exchange-traded funds have experienced the largest outflows since February 12. This is according to SoSoValue data, where a total of $348.9 million in net outflows has been recorded for the 11 products.
BTC has also recorded its most oversold levels, as indicated by Kalshi. This further supports the idea of a deeper Bitcoin price crash. BTC Retraces to $67k Amid Positive News $BTC has continued to fall to $67,000, according to CoinMarketCap data. This comes after the crypto fell 3% over the last 24 hours. The coin fell significantly from its high over the last week. This is a recurring event over the last few months, where the cryptocurrency has been selling off at the end of the week.
This comes at a time when the price of the coin has been increasing significantly to levels nearing $74,000 within the past week, following a series of positive occurrences. The Bitcoin price, however, crashed shortly after. The coin had retreated to below $69,000 by the end of the week, losing $110 billion in market cap. This comes after what many have said has been one of the most bullish stretches of regulatory and institutional news for the sector. For starters, the crypto market bill finally got some positive news on its progress. Eleanor Terrett said on Friday that the negotiations over the CLARITY Act are continuing in the right direction. On the institutional side, Morgan Stanley announced Bank of New York Mellon as custodian for its spot bitcoin ETF exposure. This was shared shortly after the bank asked the OCC to approve its crypto-focused national trust bank. Usually, any of these developments would have been enough to ignite a market rally in previous crypto cycles. Instead, the market is seemingly ignoring these developments.
Iran Will Not Surrender’: Crypto Market Falls Again as US–Iran Tensions Rise coingape.com2 hours ago
The global crypto market is once again under pressure amid the escalating Middle East tensions. As the conflict between Iran, Israel, and the US intensifies, uncertainty is spreading across risk assets, like Bitcoin. This current crypto market downturn is mainly driven by the latest remarks from Iranian President Masoud Pezeshkian. He declared that Iran “will not surrender.” This has further heightened geopolitical fears, triggering another major dip in the industry. Crypto Market Dips as Iran Pledges No Surrender According to the latest reports, Iranian President Masoud Pezeshkian has clarified the country’s stance in the ongoing US-Iran war. The president stated that the enemies must “take their wish for the unconditional surrender of the Iranian people to their graves.” This statement has significantly raised fears of a wider conflict. The current situation sparks crypto market uncertainty, forcing traders to stay away from Bitcoin and other high-risk investments. As a result, the crypto market once again dropped. The global market currently holds a value of $2.33 trillion, which represents a decrease of 3.4% from the previous total. The main cryptocurrencies, including Bitcoin ($BTC ), Ethereum ($ETH ), $XRP , and Solana (SOL), reflected this market decline. The price of BTC has decreased by almost 5% to its present value of $67,895, while Ethereum trades at $1,981 after a 4.75% drop. XRP is down by 2.67%, trading at $1.36. Meanwhile, the SOL price is at $84.49, with a significant loss of 4.4%. This crypto market crash is particularly noteworthy as experts projected increased volatility amid the US jobs report release on Friday. While the non-farm payrolls dropped by 92,000, Bitcoin and other cryptocurrencies have faced increased pressure. US–Iran Conflict Deepens as War Enters Second Week Despite the rising tensions between the United States and Iran, there were still expectations that diplomatic talks could help resolve the situation. But the hopes are now fading as both the US and Iran refuse to talk. Yesterday, the US signaled a tougher stance, stating that any potential agreement with Iran must lead to the country’s “unconditional surrender. He stated, “There will be no deal with Iran except UNCONDITIONAL SURRENDER! After that, and the selection of a GREAT & ACCEPTABLE Leader(s), we, and many of our wonderful and very brave allies and partners, will work tirelessly to bring Iran back from the brink of destruction, making it economically bigger, better, and stronger than ever before.” In response, the Iranian president asserted the country will never surrender to the US and Israel. This indicates that neither country is willing to end the war on its own. This further escalates tensions, putting the crypto market at risk. #AltcoinSeasonTalkTwoYearLow #JobsDataShock
Data: Bitcoin spot ETFs saw a total net outflow of $349 million yesterday, with none of the twelve ETFs recording a net inflow.
Mar 7, 2026
#ETFBTC-3.37%MAG7.SSI-3.17%SOSO-3.00%
According to SoSoValue data, Bitcoin spot ETFs recorded a total net outflow of $349 million.
The Bitcoin spot ETF with the largest single-day net outflow yesterday was Fidelity’s ETF FBTC, with a single-day net outflow of $159 million; FBTC’s cumulative historical net outflow now stands at $153 million. Next was BlackRock’s ETF IBIT, with a single-day net outflow of $143 million; IBIT’s cumulative historical net inflow currently totals $660 million.
As of press time, the total net asset value (NAV) of Bitcoin spot ETFs stood at $8.7075 billion, the ETF net asset ratio (i.e., ETF market cap as a percentage of Bitcoin’s total market cap) reached 6.39%, and the cumulative historical net inflow has reached $5.5369 billion.
Analysts: Bitcoin selling pressure has eased, but a full bottom has not yet been confirmed; the bear market may have entered its mid-stage.
PANewsMar 7, 2026
#BitcoinBTC-3.43%X-1.04%
On March 7, CryptoQuant analyst Axel posted on the $X platform that the NUPL-MVRV harmonic composite indicator reached 0.33, while historical cycle bottoms usually appear in the range of around 0.5.
The chart shows that the bear market cycle is beginning to show an upward trend, and Bitcoin may have entered the middle stage of this bear market cycle. This indicates that the extreme selling situation is becoming more moderate, but the indicator is still far above the historical bottom area, which means that a full-scale market sell-off has not yet been confirmed
Santiment: Whales are selling at higher prices while retail investors are buying, and the Bitcoin price correction may not have bottomed out yet.
WuBlockMar 7, 2026
#BitcoinBTC-3.42%
Bitcoin’s recent correction may not yet be over, exhibiting a bearish signal of “retail buying, whale selling.” Santiment notes that after Bitcoin’s price hit a local high of $74,000, key stakeholders—“whales” holding between 10 and 10,000 $BTC—began aggressively taking profits, selling approximately 66% of their recently accumulated holdings within the past 48 hours.
Meanwhile, retail investors holding less than 0.01 $BTC are actively “buying the dip,” attempting to absorb the supply. Historical data indicates that such divergence—where retail buys amid panic while whales exit—typically signals that the correction will persist; the market may need to wait until whale accumulation trends stabilize or resume upward before confirming a bottom
Prediction market platforms Kalshi and Polymarket are in talks with potential investors for a new funding round, targeting valuations of approximately $20 billion each. According to sources familiar with the matter, both companies’ valuations were around half that level at the end of last year.
As competition intensifies in the prediction market space, both firms are accelerating efforts to capture user growth, thereby bolstering their new funding negotiations
Spark lending platform has launched a token buyback program, and has so far repurchased 1.84 million SPK tokens.
PANewsMar 7, 2026
#DeFiSPK+0.59%USDS+0.01%COW-3.61%
On March 7th, according to on-chain analyst Yu Jin, the lending platform Spark transferred 570,000 $USDS to a new multi-signature wallet two days ago, and then began making small, multiple purchases of $SPK through the TWAP function of $CoW Swap. It has already repurchased 1.84 million $SPK (US$36,000).
Spark has approved a $SPK buyback proposal, which involves setting aside approximately $35 million in operating reserves. Then, 10% of these surplus funds will be used each month to repurchase SPK. This buyback program is expected to last for 12 months.
Stablecoin trading volume hit a new monthly record of $1.8 trillion in February, with USDC accounting for approximately 70%.
PANewsMar 7, 2026
#DeFiUSDC-0.01%USDT-0.00%
On March 7, according to Cointelegraph, Allium data shows that stablecoin trading volume reached $1.8 trillion in February, setting a new monthly record.
$USDC accounted for approximately 70% of the total trading volume, reaching $1.26 trillion, while $USDT's trading volume in February was $514 billion
According to South Korean media reports, the "Corporate Virtual Currency Transaction Guidelines" being formulated by the South Korean Financial Services Commission may exclude stablecoins from the permitted investment scope. The guidelines will outline the standards for listed companies and registered professional investment companies to trade digital assets for investment or financial purposes.
To prevent blind investment in the early stages of the market, regulators have decided to exclude dollar-denominated stablecoins (such as Tether ($USDT) and USD Coin ($USDC)) when defining the permitted investment scope.
One of the reasons for excluding stablecoins is that the current South Korean Foreign Exchange Transaction Law does not recognize stablecoins as a means of foreign payment. If stablecoins are included in the investment permit scope, it will conflict with the current legal system, which is equivalent to indirectly allowing companies to use stablecoins for commercial purposes such as trade.
Currently, the South Korean National Assembly is reviewing an amendment to the Foreign Exchange Transaction Law, which proposes to recognize stablecoins as a means of payment. The bill was proposed in October last year.
Spark lending platform has launched a token buyback program, and has so far repurchased 1.84 million SPK tokens.
PANewsMar 7, 2026
#DeFiSPK+0.76%USDS+0.01%COW-4.00%
On March 7th, according to on-chain analyst Yu Jin, the lending platform Spark transferred 570,000 $USDS to a new multi-signature wallet two days ago, and then began making small, multiple purchases of $SPK through the TWAP function of $CoW Swap. It has already repurchased 1.84 million $SPK (US$36,000).
Spark has approved a $SPK buyback proposal, which involves setting aside approximately $35 million in operating reserves. Then, 10% of these surplus funds will be used each month to repurchase SPK. This buyback program is expected to last for 12 months.
An explosion was reported this morning at Dubai International Airport in the United Arab Emirates, prompting an emergency evacuation of some passengers from the terminal to the basement level for safety. The UAE has announced the suspension of all flights to and from Dubai.
According to reports, Air China’s first resumed Beijing–Dubai flight—originally scheduled to land at Dubai International Airport one hour ago—remains circling over Oman. $BTC $BNB