Weekly Recap Research

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Altcoin Runs Market Lead, Beats Bitcoin, Breaks $74,000, New Round Turning Point Approaching

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The crypto market resumed its momentum as Bitcoin moved closer to the key resistance at $74,000 amid buying forces beginning to flow back into the market, with the price rebounding from the $70,000 zone and pacing towards that level. This is a technical point for investors to keep an eye on. If it can get past it, there is a chance to see further acceleration in the next phase. Large digital assets continue to move in the same direction, with Ethereum and other major coins rising in the 2— 6% range, reflecting the return of risk-on shore sentiment in the market.

Another interesting point is that altcoins begin to clearly outperform Bitcoin in the short term, especially the memecoin group and mid-cap coins, which have gained more than 10% in many of them, reflecting the behavior of investors who begin to increase their level of risk after the market begins to gain a foothold. This characteristic movement suggests that the market is entering an “early risk rotation” phase where capital begins to flow from Bitcoin to assets. There is a higher chance of a return. However, confirmation of the bullish trend is still dependent on Bitcoin's ability to firmly stand above the $74,000 level, which will determine the direction of the market in the next phase.

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Coin Meme Surpasses BTC, Crypto Market Enters “Super-Risk-Super Safe” Game, Investors Flock to Bipolar Play

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The crypto market began to show a clear change in behavior as memecoins became the highest-yielding asset in the short term. While Bitcoin and Ethereum also rose, Bitcoin hovered above $73,000 and once reached $74,300, while Ethereum was up about 7%, memecoins like PEPE were up 19% within 24 hours. HOURS AND OTHER COINS LIKE BONK, PENGU, AND SHIB ALSO YIELD SIGNIFICANTLY HIGHER THAN THE MAINSTREAM COINS.

This phenomenon echoes a concept known as the “Barbell Strategy,” in which investors choose to distribute their holdings to bipolar assets simultaneously, with one side being core assets like institutionally accepted Bitcoin, and the other a high-risk asset like memecoin in anticipation of short-term returns, unlike previous market cycles in which capital often flows into DeFi or active altcoins. Indeed, a key factor driving this behavior is the number of new coins in the market growing rapidly over 37.8 million tokens, resulting in liquidity being dissipated and not having an altseason in its original form, giving the current market the characteristic of “choosing to invest. Individually” rather than system-wide escalation.

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Top Net flows

The crypto market overview is beginning to shift from a “set” to a “conditional recovery”, driven mainly by institutional investor capital flows and some macro factor concerns easing. Bitcoin price rallied to the zone around $70,000 — $74,000 and could reach a short-term peak near $73,900 in the middle of the week. Meanwhile, ETFs have returned to be a key market driver, with hundreds of millions of dollars of accumulated inflows within a single week and several consecutive days, reflecting the return of demand from the institutional side after previously facing continued selling forces.

From an on-chain perspective, liquidity moves clearly reflect “risk rotation” behavior, with capital flowing into trading and leverage-focused ecosystems such as Hyperliquid, which has inflows of more than $200 million, and Polygon with inflows of tens of millions of dollars, while Ethereum and Arbitrum have outflows of more than $100 million, in line with May. The reaction of investors that reduced their holdings in some of the main assets and moved to platforms capable of generating higher returns. The overall picture therefore reflects that the market is in a recovery phase under selective risk-on liquidity swaps rather than reversals. Entering full upside, still relying on macro factors and institutional capital flows to determine the next direction.

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Fear & Greed Index

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The Crypto Fear & Greed Index is one of the tools used to assess the outlook and sentiment of the crypto market, referring to scores ranging from 0 to 100 (0 stands for Extreme Fear or Extreme Fear and 100 stands for Extreme Greed).

The crypto market overview is beginning to shift from a “set” to a “conditional recovery”, driven mainly by institutional investor capital flows and some macro factor concerns easing. Bitcoin price rallied to the zone around $70,000 — $74,000 and could reach a short-term peak near $73,900 in the middle of the week. Meanwhile, ETFs have returned to be a key market driver, with hundreds of millions of dollars of accumulated inflows within a single week and several consecutive days, reflecting the return of demand from the institutional side after previously facing continued selling forces.

From an on-chain perspective, liquidity moves clearly reflect “risk rotation” behavior, with capital flowing into trading and leverage-focused ecosystems such as Hyperliquid, which has inflows of more than $200 million, and Polygon with inflows of tens of millions of dollars, while Ethereum and Arbitrum have outflows of more than $100 million, in line with May. The reaction of investors that reduced their holdings in some of the main assets and moved to platforms capable of generating higher returns. The overall picture therefore reflects that the market is in a recovery phase under selective risk-on liquidity swaps rather than reversals. Entering full upside, still relying on macro factors and institutional capital flows to determine the next direction.

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Bitcoin ETF Flow

The flow of funds in the Spot Bitcoin ETF has begun to return to more stability after the previous week's volatility, with signs of buying power alternating with continued selling forces, such as on March 10. c. There was a net inflow of about $246.9 million and on March 13. c. At around $180.4 million, it reflects a return to the pool of institutional investors, especially major funds like BlackRock and Fidelity, which continue to play a key role in driving capital flows, while Bitcoin's price moves in an upward range from the previous period, hovering around $70,000 — $75,000.

However, the market has not yet entered full bullish momentum, as there is still some intermittent sell-off, such as on March 12th. c. The outflow of approximately $53.8 million reflects the short-term adjustment of investor portfolios. The overall picture is characterized by a gradual recovery under uneven capital flows, in line with the sentiment that remains in the Fear zone despite the improvement from the previous week, with the market in this period being interpreted as recovering and accumulating strength. Nang

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Ethereum ETF Flow

Capital flows in the Ethereum ETF continue to reflect market uncertainty, despite periodic signs of recovery, with early weeks still seeing continued selling forces, such as on March 9, with an outflow of around $51.3 million, before buying forces resumed on March 11 at around $57.0 million and continuing on March 12 at around 115.9. Millions of dollars, led by major funds like BlackRock and Fidelity, have played a key role in moderating market sentiment in the short term, while Ethereum's price moves in line with Bitcoin in a recovery direction, hovering around $3,400 — $3,800.

However, capital flows are still characterized by rapid inflows and outflows, such as on March 13, with about $26.7 million in cash outflows, reflecting an adjustment in investor portfolios at a time when the market was still lacking in reinforcements, so the overall picture is not a clear upturn, but a gradual recovery under the still fragile sentiment that is embedded. Corresponds to the Fear & Greed index, which is still in the Fear zone despite its improvement from the previous week. As a result, the Ethereum market in this period is still in a phase of accumulation and awaits further trend confirmation.

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Important news:

Crypto Fateful Week Keeps Fed Judging Interest-Gemini Statement, Global Market Variables  

U.S. Regional Bank Louie Launches Cari Network on ZKSync, Challenging Full Stablecoin  

Mastercard Pledges Up to $1.8 Billion to Buy BVNK Strikes Stablecoin Structure Full of Digital Finance Games

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Source:

https://www.investors.com/news/bitcoin-price-march-73k-high-etf-flows-terawulf-wulf-stock-bitcoin-miners-crypto-stocks/

https://tokenterminal.com/explorer/projects/hyperliquid/metrics/active-addresses-daily

https://coinmarketcap.com/charts/altcoin-season-index/

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Note: This analysis is provided every Monday, so some articles may have data discrepancies.

Nota: Questo analisi è situato ogni monday, quindi alcuni parti del articolo possono contengono informazioni inaccurati

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WARNING: CRYPTOCURRENCIES AND DIGITAL TOKENS ARE HIGHLY RISKY. YOU MAY LOSE YOUR ENTIRE INVESTMENT. PLEASE STUDY AND INVEST ACCORDING TO THE ACCEPTABLE LEVEL OF RISK.

Thank you for following.

J.P. Daniel