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\n\t\t\t\t\t\t\t\t\tOn-chain data reveals strong buying interest from whales just a day after the Chinese holidays ended. \t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Bitcoin\u2019s price has finally shown strong signs of a solid breakout, skyrocketing to a new monthly peak of over $73,000 earlier today.<\/p>\n
This is rather unexpected given the massive geopolitical tension, even referred to as war by some analysts, that broke out in the Middle East on Saturday.<\/p>\n
At the time, BTC dumped to $63,000 after the US and Israel launched a military operation against Iran, which retaliated immediately against several nations in the region. Although Iran\u2019s Supreme Leader was killed<\/a> during the attacks, the country has doubled down on its strikes, while the US President indicated that the war could last up to four weeks.<\/p>\n Instead of charting new and painful losses, bitcoin reversed its trajectory by the end of Saturday and rocketed<\/a> to $68,000. It was rejected and driven south to $66,000 in the following few days, but went hard on the offensive<\/a> in the past 12 hours or so.<\/p>\n The cryptocurrency gained more than $5,000 within this timeframe, surging to its highest level in a month at over $73,000. This means that it\u2019s up by more than $10,000 since its Saturday low when the attacks began.<\/p>\n Popular analyst CW suggested that the BTC CVD indicator \u201cshows strong buying,\u201d mostly from whales rather than retail.<\/p>\n The $BTC<\/a> CVD indicator shows strong buying.<\/p>\n In addition, the buying is lager from whales than retail investors.<\/p>\n The current uptrend is being driven by whales. pic.twitter.com\/HyAnB6XzOB<\/a><\/p>\n \u2014 CW (@CW8900) March 4, 2026<\/a><\/p>\n<\/blockquote>\n In another post, the analyst noted<\/a> that today is the first day after the Chinese holidays, which lasted for over a week this time, and some of the most utilized exchanges on local soil \u2013 Binance and OKX, \u201care showing massive net buying of BTC.\u201d<\/p>\n Fellow market commentator Daan Crypto Trades acknowledged bitcoin\u2019s surge to a month peak, indicating that the current rally has been a \u201csolid breakout so far.\u201d He believes the bulls should not allow BTC to dip below $71,500 again; otherwise, it would be regarded as a clear sign of weakness.<\/p>\n $BTC<\/a> Highest level since early February again.<\/p>\n Solid break out so far. From here on out it\u2019s pretty straight forward. Bulls should not let this fall below that $71.5K-$72K area again. If it does, and price accepts back into the range, then this was just a big deviation & stop\u2026 https:\/\/t.co\/SdjrYF1lmw<\/a> pic.twitter.com\/8ODkoKhtVa<\/a><\/p>\n \u2014 Daan Crypto Trades (@DaanCrypto) March 4, 2026<\/a><\/p>\n<\/blockquote>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n <\/p><\/div>\n\n
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