Analysis: BTC has not yet rapidly surged to $80,000, and after the gold rally slows down, funds may return to the crypto market.

CycleProphet · 2026-03-05T12:16:31+00:00

Bitcoin price remains stable above $72,000, while Ethereum sees a slight increase, and the market enters a consolidation phase. Although it broke through the $70,000 threshold, it has not quickly advanced toward $80,000. The easing of Middle East tensions boosts risk assets, but transportation disruptions may prompt the Federal Reserve to maintain its tightening policy. Bullish sentiment remains mildly strong, and options market sentiment is steady.

CycleProphet

2026-03-05 12:16:31

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Deep Tide TechFlow News: On March 5th, according to CoinDesk, Bitcoin is currently holding above $72,000 with sideways fluctuations. Ethereum has seen a slight increase. After the previous breakout, the market has entered a consolidation phase. Although Bitcoin successfully stabilized above the $70,000 resistance level that had previously suppressed the market, the anticipated rapid move toward $80,000 has not yet materialized. Market expectations of easing tensions in the Middle East have boosted risk assets. If shipping disruptions occur in the Strait of Hormuz and push up inflation, the Federal Reserve may be forced to maintain tighter interest rate policies. Derivatives data shows that bullish sentiment remains moderate to slightly strong. Bitcoin futures open interest (OI) has risen to about 680,000 BTC, reaching a two-week high. Meanwhile, gold-linked tokens XAUT and PAXG futures open interest continues to decline, indicating some funds may be flowing back into mainstream cryptocurrencies after gold’s rally slowed. In the options market, demand for high-strike call options has increased, and the 30-day implied volatility remains generally stable, reflecting relatively steady market sentiment.

BTC-2.96%

ETH-3.48%

XAUT-0.88%

PAXG-1.01%

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