The first cryptocurrency lost 0.3% over the past day and is trading at $66,666. Asian stock indices fell, while oil prices surged amid macroeconomic uncertainty.

15-minute BTC/USDT chart from Binance. Source: TradingView.

Over the weekend, Bitcoin's price fluctuated between $63,000 and $66,000. Analysts noted the segment's high resilience: the 24/7 nature of trading allowed investors to manage risks promptly while traditional markets were closed.

Dominic John from Kronos Research emphasized that cryptocurrencies quickly regained their footing after local dips. CoinEx's chief analyst, Jeff Kuo, added that Bitcoin remained around $66,000 even amid stock sell-offs in Asia. He believes the market viewed the price spike as a temporary phenomenon rather than a signal of a prolonged decline.

Macroeconomic Pressure: Indices and Oil

Traditional markets opened lower after the weekend. The Japanese Nikkei 225 index fell about 2.5%, while the broader Topix dropped nearly 3%. The Hong Kong Hang Seng and Singapore's Straits Times declined by approximately 2%.

At the same time, Brent oil rose by more than 8.38%, reaching $78.90 per barrel. Gold increased by 2.05%, hitting $5,386.

Rick Maeda from Presto Research called oil a key driver of macro shocks for the crypto industry. He believes that if the price of oil stabilizes above $90 per barrel, it will heighten inflation expectations and strengthen the dollar. This would reduce liquidity, causing cryptocurrencies to react more sharply.

The market avoided cascading liquidations and the destabilization of stablecoins. The uninterrupted operation of futures platforms like Hyperliquid helped the market absorb the shock in real-time.

Traders will continue to monitor oil prices, U.S. Treasury yields, and inflation. Whether the volatility has risen temporarily or if the markets are facing long-term liquidity tightening will become clear soon.

Resilience of the Crypto Market

Analysts at QCP Capital noted a return of cryptocurrency prices to previous levels. Due to sharp fluctuations, algorithms liquidated long positions worth about $300 million. Experts described the liquidation volume as moderate compared to the massive deleveraging in early February.

The low liquidation figures indicate that traders had preemptively reduced their risks. Bitcoin's role as a "weekend hedge" is gradually shifting to tokenized gold, which also trades around the clock and attracts capital during periods of instability.

The market's resilience is further confirmed by derivatives metrics. A brief spike in expected volatility to 93% was lower than last week's values at similar price levels.

Market participants were prepared for sharp movements, according to QCP. Analysts see signs of a repeat of last June's scenario: back then, Bitcoin fell below $100,000 over the weekend, recovered on Monday, and a few weeks later reached a new high of $123,000.

Expectations of Large Capital

Despite the local dip, major players are betting on long-term growth. On February 28, significant purchases of March call options were recorded:

  • 1,000 contracts with a strike price of $74,000;
  • 4,000 contracts with a strike price of $75,000 (expiration on March 27).

Such trades confirm traders' expectations for a spring rebound after five months of decline.

Despite positive market signals, QCP experts recommend caution: further price movements will depend on the geopolitical situation and macroeconomic backdrop.

Buy Signal

Most investors who bought Bitcoin in the last two years are currently at a loss. According to an analyst using the pseudonym Crypto Dan, further price declines could present a good entry opportunity into the market.

Most Investors Who Bought Within the Last 2 Years Are in Loss

“If Bitcoin's price drops below $60,000, putting the majority of investors (excluding very long-term holders) into loss territory.” – By @DanCoinInvestor pic.twitter.com/3srPTeNcnT

— CryptoQuant.com (@cryptoquant_com) March 2, 2026

He stated that "reverse logic" often operates in investment markets. Sharp declines occur when most investors are making excessive profits, while strong rallies begin after the majority face significant losses.

The analyst believes that a drop in digital gold below $60,000 will increase the proportion of losing positions. Almost everyone, except long-term holders, will be in the red. He suggests that this moment will be optimal for aggressive buying.

Crypto Dan also added that a lack of a clear strategy often leads to doubts when opening or closing trades. In the current market conditions, he advises investors to define specific trading criteria in advance.

Recall that on March 1, an analyst under the nickname CryptoTalisman stated that the first cryptocurrency had fully recovered from the drop amid geopolitical tensions and macroeconomic instability.