As the hours tick by, market watchers await an official response from Iran to a US proposal on de-escalating tensions. Yet, given the stark tone of yesterday’s statements, hopes for a positive breakthrough have faded. Amid these geopolitical clouds, Bitcoin slid below the $66,000 mark, reflecting a dip in US consumer confidence this month. The pullback also coincides with renewed activity around dormant coins from the Bitcoin “Satoshi era,” with major sales by Galaxy Digital continuing to send ripples across the markets.
Legacy Bitcoin Holdings Hit Markets
Concerns sparked last year over large-scale transfers of early-era Bitcoin—dating back to when Satoshi Nakamoto was active—have resurfaced as these coins re-enter circulation. It later emerged that Galaxy Digital, a major crypto investment firm, had acquired these assets and has since been gradually selling significant quantities. Blockchain researcher Darkfost confirmed ongoing sales based on on-chain data, adding fresh weight to market anxieties.
“To recap, these funds still originate from a ‘Satoshi era whale’ who previously moved around 80,000 BTC to the platform—though some estimates suggest the total could exceed 100,000 BTC,” Darkfost noted. “On March 25, nearly 4,292 BTC were transferred in a single day, marking the largest such movement since the sales in July 2025.”
Crypto Market Slides as Bitcoin Leads the Drop
Bitcoin’s decline quickly spilled over into the wider cryptocurrency sector, dragging most digital assets lower. Many altcoins saw daily losses exceeding 3 percent. Chart analyst DaanCrypto flagged critical liquidity levels in the $62,000–$63,000 zone, highlighting the potential for further sell-offs as liquidation risks cluster in this range. Such areas often turn into magnet zones, pulling prices down as stop-losses and leverage get washed out.
“The $62,000–$63,000 region still contains substantial liquidity. There’s a significant concentration above $76,000 as well. For now, however, the short-term trend remains downward across different timeframes. We’ll simply wait to see where Bitcoin finds its bottom before setting new upside targets. There’s no rush at this point,” explained DaanCrypto.
Roman Trading, another prominent analyst, had already eyed a $60,000 target for Bitcoin. Hours later, the market validated this bearish forecast, prompting him to share his updated chart with a sense of vindication. If Bitcoin fails to hold firm at $66,000, as several analysts warn, a retest of the lower end of the projected range could be in the cards. Roman Trading takes things a step further: according to his scenario, if trading volumes continue to fade, Bitcoin might even slide as low as $54,500.
Despite occasional price rallies, a persistent decline in trading volume has anchored this analyst’s bearish outlook for months—a view now substantiated by recent events. Bulls hoping for a reversal, possibly from a diplomatic breakthrough in the Iran-US standoff, have once again faced disappointment as geopolitical uncertainty lingers.
