Ethereum’s derivatives metrics are showing a notable shift, with net taker volume turning sustainably positive for the first time since 2023 and reaching $104 million over the past 24 hours. Futures capital flows also flipped from heavy outflows to inflows, including $6.64 billion over 60 days and $131.7 million in the last 24 hours. Despite these signals, ETH price action remained neutral, with liquidation levels clustered around $2,070–$2,090 above and $2,027–$2,010 below.

Bitcoin traded at $66,845 at the time of writing, up 0.42% over the past 24 hours, while price action stayed range-bound. On-chain and flow metrics suggest weaker demand as exchange withdrawals hit 908 addresses and large-holder accumulation appears to stall. In derivatives, funding was slightly positive at 0.0037% but Open Interest slipped 0.87% to $46.14 billion, pointing to cautious positioning.

Bitcoin has logged a sixth straight monthly decline after topping out at an all-time high of $126,000, and it is now trading near $66,794. Corporate holders have trimmed Bitcoin treasuries by roughly 1%, and BTC is approaching the $63,049 cost basis for coins accumulated 18 months to two years ago—an area that could decide whether selling accelerates.

Ethereum saw a derivatives-led slide after President Donald Trump suggested the conflict with Iran could continue, with perpetual-market volume nearing $1B in one hour. Binance accounted for about $968M of the sell volume, while South Korea’s premium index flipped positive to around 0.6 and the Coinbase premium moved closer to neutral.

Bitcoin (BTC) was trading near $66,000 at the time of writing after sliding over the past week, while on-chain signals pointed to a possible bottom forming. The Fund Flow Ratio sat at 0.065 and BTC spot flows showed thin participation, with about $71 million in net inflows on 1 April after roughly $108 million of distribution since 30 March, leaving any rebound dependent on fresh inflows.

Celestia (TIA) is under growing bearish pressure as supply rises and market positioning weakens, despite a 1.3% dip over the past 24 hours. A token unlock scheduled for March 29 is expected to add roughly $85,000 worth of TIA (0.032% of circulating supply) to the market, while spot and derivatives data point to increasing downside bias.

Bitcoin (BTC) surged to $76,000 early in March but later reversed, trading near $66,126 at press time as macro conditions tightened. A potential move in the U.S. 10-year yield toward 5.0% and roughly $296 million in weekly spot Bitcoin ETF outflows have raised downside risk, with a possible retrace zone cited at $58,632–$55,302.

ENA fell by a double-digit percentage over the past 24 hours to $0.089 at press time as Ethena's protocol metrics continued to soften in Q1 2026. Gross Protocol Revenue declined to $65.06 million from $96.15 million in Q4 2025, while TVL was down about $130 million since early March 2026 to around $6.66 billion and roughly $16 million was unstaked in the last 24 hours. Spot flow data, however, showed about $303,000 of net inflows in 24 hours and around $3.41 million of cumulative buying over three days, suggesting ongoing accumulation.

Kite (KITE) extended its bearish stretch after holder participation eased following a March 24 peak and derivatives traders leaned further short. Circulating supply stayed at 1.8 billion tokens, while market cap was down $57 million and price fell 11% over the past 24 hours. Perpetual metrics showed a sharply negative funding rate alongside Open Interest rising to $50.54 million, pointing to sustained downside risk.