Daily Crypto Signals: Bitcoin Hovers Near $67K, Strategy Halts Weekly BTC Purchases for First Time in 13 Weeks
Bitcoin is showing rare order-book signals that analysts say could fuel a relief rally toward $71,000, while Strategy broke its 13-week
Quick overview
- Bitcoin is showing rare order-book signals that could lead to a relief rally towards $71,000, despite a recent pause in purchases by Strategy after a 13-week streak.
- The cryptocurrency market faced a $414 million withdrawal last week, marking the first net exodus in five weeks amid rising inflation concerns and geopolitical tensions.
- Jack Dorsey's Square has begun implementing Bitcoin payment functionality for US retailers, aiming to make Bitcoin a more practical currency for everyday transactions.
- Bitcoin's current trading level around $67,000 shows significant buying pressure, but analysts caution that it must remain above $66,700 to maintain a bullish setup.
Bitcoin BTC/USD is showing rare order-book signals that analysts say could fuel a relief rally toward $71,000, while Strategy broke its 13-week streak of weekly Bitcoin purchases, filing no buys or stock sales between March 23–29.
Crypto Market Developments
A turbulent macroenvironment is being navigated by the larger cryptocurrency market. As investors became more cautious due to growing inflation threats and intensifying Middle East tensions, digital asset investment products saw $414 million in withdrawals last week, their first weekly net exodus in five weeks. The macro backdrop for risk assets has tightened as expectations for the June Federal Open Market Committee (FOMC) meeting have changed from possible rate cuts to rate hikes. The total assets under management across cryptocurrency funds dropped to $129 billion, reaching levels last observed in early February and roughly equal to April 2025, when the shock of tariffs from the Trump administration first hit markets.
Regarding payments, Jack Dorsey’s Square declared that it has started implementing Bitcoin payment functionality for qualified US retailers at its point-of-sale terminals. The function, which was first described in May, intends to lower custody risk and volatility for merchants, potentially making Bitcoin a useful everyday currency for millions of vendors nationwide. Square’s parent company, Block, is presently the 14th-largest publicly traded Bitcoin holder in the world with 8,883 BTC on its balance sheet.
A Polymarket trader profited from a minor UFC announcer error in which the wrong heavyweight fighter was first announced the winner, turning $676 into over $67,000 at a lighter moment for cryptocurrency markets. The event demonstrated how quickly-moving prediction markets can fluctuate during live events.
Bitcoin’s Choppy Trading Around $67,000
After momentarily falling below $65,000 on Sunday, when analysts saw a rare and important order-book signal, Bitcoin is currently trading at about $67,000. At that level, purchasing pressure ranked in the 99th percentile across several order-book depth measures, according to data from Hyblock Capital, indicating a significant bid-side imbalance. This was one of the largest demand reactions in recent weeks. In a matter of hours, Bitcoin recovered to the $67,000–$68,000 region, in line with other cases when comparable dramatic imbalances indicated short-term bottoms. Although analysts emphasize that Bitcoin must remain above $66,700 on the daily close to maintain the setup, a four-hour bullish break of structure on technical charts has added more proof of a possible trend shift.
The most keenly monitored upside level in the future is $71,000, where an estimated $1.6 billion in short liquidation leverage is concentrated. Any relief rally might be amplified by a series of forced short closures if that threshold is consistently approached. Over the past nine months, the first day of each month has served as a local price low in about 67% of occasions, suggesting a bullish lean into April 1. This historical data adds subtlety to the picture. However, a different trend reveals that early highs followed by at least 3% declines have occurred on around 90% of Mondays over the previous six months. This tension makes the short-term direction unclear even while the medium-term setup appears promising.
Strategy (MSTR) Pauses BTC Accumulation After 13 Weeks
Strategy, the biggest publicly traded Bitcoin treasury company with 762,099 BTC worth more than $51 billion, made headlines on Monday when it revealed that it did not buy any Bitcoin between March 23 and March 29. This was the first week since December 2025 that there had been no reported Bitcoin purchase, ending a 13-week streak. The Michael Saylor-led business said in the same SEC filing that it did not sell any shares under its at-the-market offering program during that time. The dual stop is noteworthy because Strategy has historically used stock sales to finance its Bitcoin acquisitions. Saylor did not provide a public justification for the change.
Given the strain on Strategy’s stock, the timing is remarkable. MSTR Class Shares At the time of publication, A on the Nasdaq was trading at about $126.78, having dropped more than 60% during the previous six months. In the meantime, during the past 12 months, Bitcoin has dropped by more than 18%. In order to reduce convertible debt, cryptocurrency miner MARA Holdings recently sold 15,133 BTC for about $1.1 billion, and other mining companies are shifting their focus to artificial intelligence and high-performance computing infrastructure. Strategy’s pause coincides with a larger trend of institutional repositioning in the industry. The question that investors are most interested in is whether Strategy’s buying pause is a temporary one or a harbinger of a more significant strategic change.
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