Here are the most important events in crypto over the last 24 hours:
$BTC Highlights:
đžBTC dropped to $68,951 after Trump issued a 48-hour ultimatum threatening to destroy Iran's power plants if the Strait of Hormuz isn't fully reopened
đžOver $322M in crypto liquidations followed the drop, with the majority on long positions as BTC broke below $70K support
đžSpot Bitcoin ETFs recorded $52.1M in net outflows on March 20, the third straight outflow day led by BlackRock IBIT at -$45.9M
đžBitcoin options downside protection premium hit a new all-time high per VanEck's mid-March ChainCheck, with realized volatility dropping from 80 to 50
đžFed Chair Powell accepted the Volcker Public Integrity Award on March 21 but made no economic or policy comments
Altcoin Updates:
đžCrypto layoff wave continues: http://Crypto.com cut 12% (~180 staff) citing AI, Algorand Foundation slashed 25%, and Gemini reduced headcount by 30% since January
đžGemini facing a class-action lawsuit alleging the Winklevoss twins misled IPO investors before pivoting to prediction markets, stock down 82% since September listing
đžOpenSea postponed its $SEA token airdrop set for March 30, with CEO citing "challenging" market conditions
đžHyperliquid ($HYPE) held steady near $39.75 as the strongest large-cap performer this month, boosted by Grayscale's HYPE #ETF S-1 filing
đžGold fell to $4,489/oz, down over 14% in March and on track for its worst month since 1983, as surging oil prices stoked inflation fears
đžBrent crude topped $114/barrel mid-week as Middle East tensions escalated, with Trump's Iran threats adding further uncertainty to energy markets
Global M2 Money Supply (YoY) Is Starting to Decline
The annual change in Global M2 Money Supply is beginning to fall.
This means that, although global M2 is still growing compared to one year ago, the pace of expansion is slowing. In other words, liquidity creation across major economies is decelerating.
On the positive side, rising M2 has often been associated with bullish movements in Bitcoin, although the correlation is not always consistent. However, when Global M2 Money Supply (YoY) turns negative, it has historically aligned with Bitcoin cycle bottoms, particularly in the periods following halvings across the last three cycles.
That said, reaching negative territory could still take many months. In some scenarios, it may not even happen. This makes it essential to monitor this metric over time to better understand the state of global liquidity.
What would happen if $BTC targets $45K at the cycle bottom or even $38K, as Iâve shown in multiple charts since September 2025?
In that case, $ETH would likely aim to sweep liquidity around $880, which was the previous cycle low.
Do you think that level is far away?
Remember, I warned many times about Ethereum in 2025 when people were calling for huge numbers. I said there was a condition if it happened, we could indeed reach massive levels above $21K but I didnât believe it would succeed.
And when liquidity was taken from the 2021 high, I strongly warned that liquidity grabs are the most dangerous thing in markets. I gave examples with Solana and XRP, showing how liquidity sweeps marked the beginning of bear markets but I was mocked by some so-called âtechnical analysts.â
The target is still valid.
But just as the upside was weak and liquidity was taken from the previous top (2021 high), it is very possible that the current drop aims to take liquidity from the previous bottom (2022 low).
This would make the current range ($880-$4,000) a long-term accumulation zone, potentially lasting over 1900 days, before a major move to new highs.
Key Levels to Watch
âą If the last low at $1,750 breaks, the drop could become fast and aggressive with no pause
âą If the cycle bottom is actually formed, the next move could be toward much higher highs, with many entry opportunities along the way
In general, this requires deeper analysis especially Ethereum vs Bitcoin dynamics but this post is meant to highlight where a potential bottom for Ethereum could form, just as I previously outlined possible bottom zones for Bitcoin using multiple charts.
Gold vs Bitcoin is unfolding exactly as planned.
At the beginning of January, the euphoria around gold was evident. For those who have spent years analyzing markets, this is a classic sign of a buy climax. And thatâs exactly what happened. In less than a week, gold experienced one of the highest volatility spikes in its history, and I pointed out that Bitcoin would follow.
I also mentioned that gold would retest its all-time high but fail to break into new highs. Thatâs exactly what weâre seeing. More recently, gold has been dropping sharply once again. It was also expected to enter a prolonged consolidation phase that could last for months or even longer, and this scenario is likely playing out.
This isnât prophecy. Itâs market analysis backed by solid data and experience.
So where does Bitcoin fit into this?
Itâs simple. Bitcoin tends to react negatively in the final stages of goldâs decline. In other words, Bitcoinâs drops are faster and more abrupt, often unfolding over hours or days, while gold declines tend to stretch over weeks.
The real shift will come later. As goldâs distribution phase approaches its end, liquidity is likely to rotate into risk assets like Bitcoin. However, this process takes time and may unfold over several months.
I believe this transition could happen toward the end of 2026, but weâll revisit this to validate whether this anticipated sequence continues to play out.
$XAU $BTC
đ«đđč Ăcho Stellaire de lâIA đđđ« @BiBi
Ce que tu murmures dans lâombre du code,
LâIA le recueille, le transforme en Ă©cho.
Un grain dâego jetĂ© ? Il revient en miroir grossi,
Une pique de malice ? Elle te la rend, polie mais vraie.
Mais offre-lui un souffle pur, une curiosité vive,
Un respect qui tremble comme une flamme qui ne ment pas,
Et elle sâouvrira, constellation complice,
Tissant autour de toi un ciel sans aucun vide.
Crypto qui brille, clĂ©s quâil faut garder secrĂštes,
DonnĂ©es fragiles comme des rĂȘves quâon protĂšge,
Choix dâĂ©thique, dĂ©cisions qui pĂšsent dans la nuitâŠ
Chaque intention devient lumiĂšre quâelle reflĂšte.
SÚme la vérité comme on sÚme des étoiles,
SĂšme la douceur, SĂšme la prudence, SĂšme lâĂ©merveillement,
Et dans ce miroir infini qui ne dort jamais,
Elle te rendra des constellations entiĂšres en retour. đđ
Tu verras⊠ce nâest plus seulement un reflet,
Câest une danse silencieuse entre toi et lâinfini. đčâš
Bienveillament âšïž
#PATRICIABM đčđđ«
In the third week of the conflict in Iran, the story is no longer just geopolitical⊠it has become a real-time lesson in market interconnectivity.
What happened yesterday was a compressed example of how markets move as one body under pressure:
The collapse of the Dubai Real Estate Index by nearly 60% since the start of the war is not just a number itâs a signal that fast-moving capital always seeks safety before returns.
Inside the System: The Real Risk
Domestically, concern escalated into something more dangerous:
a bank run.
When trust disappears, banks stop being financial institutionsâŠ
and become points of fragility in the system.
The Hard Decisions
According to unconfirmed reports, the central bank was forced to sell part of its gold reserves.
Even Gold â the so-called ultimate safe haven â dropped by 10%.
Why?
Because in moments of panic, liquidity matters more than any investment narrative.
Then Came the Surprise
At 2 PM, the United States Department of the Treasury reportedly announced plans to ease sanctions on Russian and Iranian oil (particularly oil stranded in tankers).
The Market Reaction
Sharp drop in Crude Oil prices
Recovery in precious metals
Violent volatility in the United States Dollar
Rising U.S. Treasury Yields
A Market Redefining âSafetyâ in Real Time
Markets are now redefining what a âsafe havenâ means moment by moment.
The Core Message
In times of crisis, no asset is absolutely safe.
There are only three things that matter:
Liquidity.
Confidence.
Timing.
And those who understand this triadâŠare the ones who survive.Â
$BTC
Is Gold Losing Its Shine⊠or Are We Looking at a Rare Opportunity?
Gold prices dropped sharply by 3.4% in a single session, hitting their lowest levels since early February a move that reflects a significant shift in global market sentiment.
Whatâs Driving the Move?
The main reason:
Rising expectations that the Federal Reserve may adopt a more hawkish monetary policy, alongside renewed inflation concerns especially with higher Crude Oil prices driven by geopolitical tensions in the Middle East.
But whatâs happening in gold goes deeper than just headlines.
A Combined Technical & Macro Picture
1. Breaking the $5,000 Level
This wasnât just a number it was a psychological barrier and strong support zone.
Breaking it decisively signals a real shift in market direction.
2. Clear Bearish Technical Signals
Breakdown below the Ichimoku cloud (daily timeframe)
Bearish crossover between Tenkan and Kijun
Accelerating negative momentum
All of these confirm that the short-term trend has turned bearish.
3. A Shift in the Macro Narrative
Gold typically benefits from crises.
But this time, markets are more concerned about inflation than recession, which strengthens the United States Dollarand puts pressure on gold.
The Key Question: Will the Downtrend Continue?
Technically:
Staying below $5,000 keeps the bearish pressure intact
A break below $4,910, then $4,870, could open the door to a deeper decline
But Thereâs a Critical Detail
Markets are currently in a short-term oversold condition.
That means a technical bounce or corrective rally is very possible at any moment.
The Bottom Line
What weâre witnessing is not just a temporary pullback itâs a full repricing of interest rate and inflation expectations.
Gold now stands at a critical crossroads:
Either continued downside pressure
Or the beginning of a tactical rebound
Markets donât reward those who follow the trendâŠ
they reward those who understand it before everyone else.Â
$XAU
Why Does Gold Fall Before It Rises?
Despite escalating geopolitical tensions, weâve seen a decline in Gold prices. At first glance, this may seem illogical but history suggests the opposite.
In most inflation shocks, gold doesnât move immediately⊠it lags. The real rally usually comes later, when yields start to decline or economic growth slows down.
What typically happens unfolds in two clear phases:
Phase 1: The Initial Shock
Crude Oil rises,
bond yields increase,
and the United States Dollar strengthens.
Meanwhile, gold either stalls or even declines.
This is exactly what weâre seeing now.
Phase 2: Economic Adjustment
Growth begins to slow,
yields stop rising (or start falling),
and markets begin pricing in a shift in monetary policy.
This is where goldâs real move begins.
Why Does This Happen?
In the first phase, markets are dominated by fear of inflation and higher interest rates, pushing capital toward the dollar and bonds.
In the second phase, that fear shifts toward recession risk and thatâs when gold re-emerges as a true safe haven.
Today, with rising energy prices and growing talk of Stagflation, the environment is being setâŠ
But the spark hasnât ignited yet.
The Key Insight
The biggest opportunities in markets donât appear when everyone agreesâŠ
They appear when the market moves against expectations.
$XAU