Bitcoin financing rates have been moving deeper into negative territory in recent days. At the same time, the price continues to rise and is holding around $70,000.
This means that the market is actively opening short positions against the movement. Shorts are paying to hold positions, waiting for a reversal. But the price is not falling. Demand is absorbing the seller's pressure. When such a structure drags on, liquidations start pushing the market upwards.
Since the start of the US-Iran war 15 days ago $2.4 trillion has been erased from US stocks. In addition, $2.5 trillion has been wiped out from gold and silver
Meanwhile $BTC is up 12.5%, and the total crypto market has risen by 10%, adding $240 billion
According to SoSoValue, Bitcoin spot ETFs saw a total net inflow of $180 million yesterday (March 13 EST), marking five consecutive days of net inflows. BlackRock ETF IBIT recorded a single-day net inflow of $144 million. Meanwhile, Ethereum spot ETFs saw a total net inflow of $26.69 million, maintaining a four-day streak of net inflows. BlackRock ETF ETHA led the Ethereum ETFs with a single-day net inflow of $32.39 million.
$DASH is still moving inside that descending channel, and after bouncing off the lower boundary it’s now trying to base around $32.8–$33.0.
Bull case stays clean. Hold ~$32.8 and reclaim $33.8–$34.0, then the next magnet is the upper channel near ~$36. If this base fails, the rotation usually goes straight back to the channel floor around ~$30.
We’ll keep tracking it and update the moment we see a clean break or rejection.