Bitcoin Re-tests $70K as Loss Flows Drop to Two-Week Low

Bitcoin rallied to $70,000 on Monday as tensions spread across the Middle East. Glassnode data shows short-term holder loss transfers to exchanges fell to a two-week low over the past 24 hours. The short-term holder profit/loss to exchanges metric tracks how much recent buyers send to exchanges at a profit or loss and these participants tend to amplify volatility.

On March 1, realized losses fell to 3,700 BTC even as geopolitical tensions escalated and Bitcoin dipped to $63,000; by contrast, on Feb. 5–6 STHs sent 89,000 BTC to exchanges at a realized loss within 24 hours, a peak capitulation window. Crypto analyst MorenoDV noted that the most event-sensitive holders have not accelerated distribution and exhibited “zero panic”.

The drop in loss transfers signals that sell pressure from recent buyers has cooled. Whether a strong rally follows may depend on if realized losses stay contained or reaccelerate toward prior capitulation levels during this period of geopolitical uncertainty. Derivatives data point to notable deleveraging.

bitcoin, glassnode, short-term holders, loss transfers, realized losses, exchanges, deleveraging, derivatives data, geopolitical tensions, morenodv