Crypto: Bitcoin Holders Show 'zero Panic' As BTC Hits $70k Amid Middle East...

Bitcoin short-term holder losses were minimal over the weekend, and the Monday rally to $70,000 suggests the heaviest selling is done. Will Bitcoin finally break the monthly resistance?

Bitcoin (BTC) rallied to $70,000 on Monday as the shadow of war looms over the entire Middle East. Data from CryptoQuant shows short-term holder loss transfers to exchanges falling to a two-week low over the past 24 hours, and the slowing exchange flows stand in contrast to the rate of selling seen in early February.

The short-term holder (STH) profit/loss (P&L) to exchanges metric tracks how much Bitcoin recent buyers send to exchanges at a profit or loss. These participants tend to amplify volatility during stress events.

On March 1, the realized losses fell to 3,700 BTC even as geopolitical tensions between the United States and Iran escalated in the Middle East. Bitcoin dipped to $63,000 during that window, but exchange inflows from this cohort did not expand in response.

For comparison, on Feb. 5–6, the STHs sent 89,000 BTC to exchanges at a realized loss within 24 hours. That marked a peak capitulation window. Since then, the loss-driven inflows have steadily compressed.

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 the sell pressure from recent buyers has cooled.

A strong rally may depend on whether realized losses stay contained or reaccelerate toward prior capitulation levels during this period of geopolitical uncertainty.

Related: Michael Saylor’s Strategy buys $204M of Bitcoin in 101st purchase

BTC derivatives data indicate a significant risk reduction. Crypto analyst Darkfost highlighted that Binance open interest declined to 97,680 BTC from 130,800 BTC since the start of the year, a 25% contraction.

The estimated leverage ratio, which compares open interest to exchange BTC reserves, fell to a 0.146 weekly average. Levels below 0.15 have historically aligned with aggressive deleveraging phases during this cycle.

Source: CoinTelegraph