- The Bitcoin price attempts to exit a three-week long consolidation from a pennant pattern.
- U.S. spot BTC ETFs recorded $787.3 million in fresh inflows after five straight weeks of outflows.
- The momentum indicator RSI spiked to 49% hints a neutral sentiment in short-term trend.
The pioneer cryptocurrency, Bitcoin, jumped over 5% during Monday’s U.S. despite the escaping geopolitical tension including Iran. While the price witnessed a temporary dip to $63,000 during the weekend, BTC showed notable resilience and climbed back to $69,000 mark. This uptick can be attributed to renewed inflow from spot BTC ETFs and the short-term holders— the group that often panics in such scenarios— remains patient during market FUD (Fear, uncertainty, doubt).
Bitcoin Price Climbs as Institutional Demand Returns to BTC ETFs
The crypto market witnessed a notable buying pressure on Monday, which pushed its market cap to 3.6% up to reach $2.36 trillion. As a result, the Bitcoin price bounced to a high of $70,000, showcasing notable resilience amid escalating geopolitical tension.
A notable reason for its surge aligns with renewed inflow to BTC ETFs after five weeks of consecutive outflow According to Sosovalue, the U.S. based spot BTC ETFs recorded $787.3 Million in inflow, showcasing the surge in demand pressure from institutional investors.
Bitcoin’s on-chain information supplied by Alphractal shows a significant decrease in short-term movement in the coins as of the beginning of March 2026. The 30-day active supply metric — which tracks the amount of BTC transferred at least once within the previous month — has dropped significantly over the last few weeks, after several notable peaks apparent across charts of 2023-2025.
Historically, a spike in this metric has often coincided with strong emotions from short-term holders and retailers. This happens when more coins are moved to capitulation weather due to capitulation or FOMO (Fear of Mission Out)..
The trend of the ongoing contraction, however, reveals the exact opposite: significantly less BTC units are changing hands in a 30-day window. This signifies a phase of low trading frequency and higher retention ratio among holders and plays its part in a calmer network environment with low short-to-medium term supply pressure from active participants.
Bitcoin’s price has been volatile over the past few days, rebounding to around $68,000 – $69,000 after falling below $66,000 earlier in the period, with general market uncertainty. The subdued on-chain participation is in contrast to previous phases of the cycle that were defined by higher velocity and emotional trading.
Such quiet times are often just before changes in momentum though, and current conditions speak of hesitation and not of aggressive positioning across the ecosystem.
BTC Gives Upside Breakout From a Traditional Bearish Pattern
Over the past three weeks, the Bitcoin price has been trading in a narrow range around $66,000. The consolidation remained between two converging trendlines of an inverted pennant pattern which typically bolstered a prolonged consolidation.
However, with today’s market surge, the coin price jumps gives a bullish breakout from the pattern’s resistance trendline— a not so common outlook.
A breakout defying the broader market uncertainty and an established bearish pattern indicate strong buying force. If the breakout holds, the coin price could rise 12% before challenging key resistance at $77,600.
However, if the price reverts within the triangle, the current consolidation could prolong and the risk for continued downtrend persists.
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