Weekly Market Recap: BTC Holds Strong Above $85K

The Big Picture

Bitcoin closed the week above $85,000 for the third consecutive week, consolidating in a tight range between $83,500 and $87,200. This is classic accumulation behavior, and the on-chain data backs it up.

Key Numbers

• BTC: $85,432 (+2.4% WoW)
• ETH: $3,421 (-0.8% WoW)
• Total Market Cap: $2.41T (+1.2%)
• Fear & Greed: 72 (Greed)

What Moved Markets

1. Fed Holds Steady

The FOMC meeting concluded with rates unchanged at 4.25%. Powell's language was notably dovish, mentioning "growing confidence" in the disinflationary trend. Markets are now pricing in a 78% probability of a June cut.

Crypto impact: BTC rallied 3.1% in the 4 hours following the announcement. ETH lagged, gaining only 1.2%. This continues the pattern of BTC acting as the macro-sensitive asset.

2. ETH ETF Inflows Accelerate

Spot ETH ETFs saw $340M in net inflows this week, the highest since launch. BlackRock's ETHA alone accounted for $210M. Despite this, ETH price action remains muted, suggesting supply-side dynamics are absorbing the buying pressure.

3. SOL Breaks Resistance

Solana finally pushed through the $185 resistance level that has capped it for three weeks. Volume surged 45% on the breakout candle. The next target is $200, with the 200-day EMA providing support at $172.

On-Chain Signals

• Exchange outflows: 12,400 BTC left exchanges this week (bullish)
• Long-term holder supply: At ATH, 78.2% of supply held >6 months
• Funding rates: Neutral to slightly positive, healthy for continuation

What to Watch Next Week

• Mar 7: Non-Farm Payrolls (consensus: 185K)
• Mar 12: CPI Inflation Data (consensus: 2.8% YoY)
• SOL: Watch for $200 test
• BTC: $88K is the level to break for new ATH attempt

RnG Bot Update

The bot sat out most of this week due to low volatility (ATR below threshold). One position was opened on the FOMC move: long BTC at $83,200, currently +2.7% with stop at $81,500.

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This is not financial advice. Always do your own research.