$ETH From the stock market crash and sharp decline... connect all the highs over the past 2 hours... converging around 2280... except for the breakout on March 16th... all others have pulled back... this convergence point is very likely to become the turning point from a bear to a bull... once broken through... it will never drop below 2000 again...

Today’s Market Layout
Figure 1 Order Book Imbalance Ribbon
Actually, over the past couple of days, just looking at the ribbon alone, it seems pretty easy to do... The market is operating along the side with relatively less resistance...
When the 72.7k insertion happened this morning, the 5% spot imbalance reached 4x.. (Sell order quantity is 4 times the buy order quantity) This is also a short-term signal and threshold...
Figure 2 Order Book
What you see on the order book is consistent as well.. After the morning news drove a wave of inserted sell orders, during the sideways consolidation, sell orders near 72k on the spot market were replenished again, turning into new pressure..
Buy order demand is above 70k.
Small contract orders are pressing at 72k, suppressing the whole Asian session.. Down below, although there are large orders, it’s mostly spoofing.
Figure 3 Funds Flow
From the CVD, throughout the Asian session, spot has been continuously selling off, but the price hasn’t gone down..
Even though it looks like there’s passive absorption..
But based on experience from the past 3-4 months, after a market like this appears, the probability of continuing to fill the gap downward is higher; the chance of pulling the second leg directly here is relatively smaller compared with this stretch of the recent bear market..
Figure 4 From stop-loss and liquidation liquidity
Green circles (above 70k) and yellow circles (around 69k)
Are two potential targets.. They are also the range to watch for whether a low-long entry model comes in and where to enter/exit..
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So, combining everything, today’s low-long can look around 70k (liquidity + spot resting order demand + yesterday’s previous high) for price feedback...
If there aren’t a good opportunity, then wait and watch around 69k..
For taking shorts, there’s nothing but the Asian session’s previous high at 72.7k—either front-run, or potentially SFP (false breakout)
Go higher again? Around 74k there’s also another wave of the March 16-17 POC you can watch...

🚨💥✨️ Iran Demands Crypto Payment In Ceasefire Deal, Petrodollar Could Die
In a bold move that challenges the traditional petrodollar system, Iran has announced plans to demand cryptocurrency payments for oil tankers navigating the Strait of Hormuz. According to Hamid Hosseini, spokesperson for Iran’s Oil, Gas, and Petrochemical Products Exporters’ Union, the toll is set at $1 per barrel of oil for laden vessels. For a fully loaded supertanker, this fee could reach up to $2 million per transit.
The primary motivation behind this directive is to bypass international sanctions. Iranian authorities have designed a payment system where shipping companies must email cargo details to receive a toll amount. The payment, required in Bitcoin (BTC), must be completed within seconds. This rapid transaction window is intended to prevent the tracing or confiscation of funds by foreign regulators. Based on pre-war traffic levels of approximately 20 million barrels per day, this crypto-toll could generate roughly $7.3 billion in annual revenue for Tehran.
This policy is backed by severe military warnings. Radio broadcasts in the Gulf have cautioned that any vessel attempting to transit without Iranian approval and payment will face military strikes and potential destruction. Iran is also pushing for a new protocol that mandates tankers use the northerly route near its coastline, ensuring total oversight by its armed forces.
The demand creates a significant geopolitical flashpoint. While President Donald Trump has indicated that a ceasefire is contingent on the "safe and immediate" reopening of the strait, Iran’s 10-point proposal includes maintaining control over the waterway and securing guarantees against future attacks. By forcing crypto settlements, Iran is not only seeking a lifeline against economic restrictions but is also signaling a strategic shift that could erode the U.S. dollar’s long standing dominance in global energy trade.
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#MARATransfers250BTC
Bitcoin Miner MARA (@MARA) recently transferred 250 Bitcoins, worth approximately $17.37 million, just three hours ago. This follows a series of large transactions by the company, which previously sold 15,133 Bitcoins—valued at around $1.1 billion—between March 4 and March 25. These transactions provide a clear window into miner behavior and its potential impact on market dynamics, liquidity, and investor sentiment.
From a market perspective, such large-scale miner sales can influence price movement in the short term. Large Bitcoin transfers often indicate increased supply available on exchanges, which may add temporary downward pressure, especially if order books do not react immediately to the influx. Traders and analysts closely monitor these movements to assess potential liquidation risks, market liquidity, and support levels. While Bitcoin’s long-term scarcity remains, concentrated selling by major miners introduces intermittent volatility, as the market reacts to sudden large-scale coin availability.
Operationally, miner sales are often linked to capital allocation, operational costs, or strategic hedging. Bitcoin mining is an energy-intensive activity, and fluctuations in electricity costs, equipment upgrades, or macroeconomic conditions can prompt miners to liquidate holdings to maintain liquidity. For MARA, selling Bitcoin in multiple batches—including the latest 250 BTC transfer—likely reflects a strategy to manage exposure, reduce slippage, and maintain operational stability.
On-chain analysis provides additional context. Monitoring the timing, volume, and destination of these transfers can reveal whether coins are moving to OTC desks, exchanges, or cold storage, helping to estimate the likelihood of market absorption versus immediate sell pressure. Repeated transfers by miners are often interpreted as signals of potential short-term volatility, considering broader trends such as network activity, institutional accumulation, and market dependence.
Key points:
- Miner activity can create short-term liquidity pressure and influence Bitcoin prices despite strong long-term fundamentals.
- MARA’s gradual selling strategy reflects risk management and operational planning, not panic selling.
- Tracking miner movements is essential for understanding market structure, liquidity zones, and potential support levels.
- For traders, awareness of miner behavior helps anticipate higher volatility periods and adjust trading strategies accordingly.
Final insight:
Ongoing Bitcoin transfers by MARA indicate that miner activity remains a key factor in the Bitcoin market ecosystem. While large miner sales can temporarily impact prices, they also offer transparency into how key network participants manage risk and liquidity. Monitoring these movements enables traders and investors to make informed decisions, assess short-term market dynamics, and anticipate potential opportunities or pressures in Bitcoin’s price behavior.
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JUST IN: Bitdeer Unveils the Second Most Powerful and Profitable Bitcoin ASIC on the Market
The company announced the SealMiner A4 Series, whose most powerful model reaches 886 TH/s with an efficiency of 9.45 J/TH.
Bitdeer unveiled the SealMiner A4 Series today, April 7th, its new line of Bitcoin mining equipment.
The SealMiner A4 Ultra Hydro model achieves a hashrate of 886 terahashes per second (TH/s) with an energy efficiency of 9.45 joules per terahash (J/TH), positioning it as the second most powerful Bitcoin ASIC available on the market.