Crypto Willy's Weekly Wrap: Bitcoin Bears Tired, Ethereum Eyes Breakout, and Whale Moves to Watch

Crypto Willy's Weekly Wrap: Bitcoin Bears Tired, Ethereum Eyes Breakout, and Whale Moves to Watch

2:57 Mar 3, 2026
About this episode
Crypto Market Analysis: Daily Bitcoin, Ethereum & DeFi Updates podcast.Hey folks, Crypto Willy here, your next-door buddy diving deep into the crypto chaos for the week leading up to March 3, 2026. Bitcoin's been a rollercoaster, trading around $65,440 as per InstaForex signals, showing bearish exhaustion but eyeing consolidation above the 21 SMA at $66,246. BeInCrypto warns of a potential bounce then fall in March, with five red months since October 2025 and a nasty correlation to the S&P 500 at 0.55—thanks to Trump's tariffs and US-Iran tensions pressuring risk assets. Kevin Crowther from KC Private Wealth nails it: Bitcoin's tying too tight to software stocks, killing its hedge vibe, while gold surges.Miners are chilling out too—net selling dropped from -4,718 BTC on February 8 to just -837 by March 1, per on-chain data. Han Tan, Bybit's Chief Market Analyst, says it's strategic diversification, not capitulation, despite hash rate dips. Smaller whales (1K-10K BTC holders) scooped up from 4.222 million to 4.23 million BTC since February 25, betting on a 20-day SMA breakout at $67,100 like January's 12% rally. But watch that bear flag on the 3-day chart—break below $62,300 could slam to $56,800 or worse, though $79K invalidates it bullish. Bitfinex analysts spot traders hedging downside but stacking calls for $80K-$90K by March 27 expiry.Ethereum's stealing the show, pumping 3% to $2,000 amid Middle East jitters, says DailyForex. CoinCodex pegs a short-term pop to $2,268 by March 3, a 10.6% gain, while symmetrical triangle on TradingView screams 40% rally to $2,775 if it busts upper trendline past $2,050 resistance. TVL jumped 16% to 65.62 million ETH, DEX volume leads at $2.19 billion daily, and US spot ETH ETFs pulled $38.7 million Monday via Farside Investors. Whales are buying big, shorts contracting per Fxstreet, with Coinbase Premium flipping positive. DefiLlama shows Lido and EigenCloud deposits up 25%, fueling that DeFi fire.DeFi's humming—Ethereum's daily tx hit 2.9 million ATH on Feb 6, staking and NFTs driving utility. Overall, BTC might flatline per Crowther, but ETH's momentum and whale action hint at greener pastures if geopolitics cool.Thanks for tuning in, pals—catch you next week for more! This has been a Quiet Please production—check out QuietPlease.ai. Stay stacked!Get the best deals https://amzn.to/3ODvOtaThis content was created in partnership and with the help of Artificial Intelligence AI
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