Bitcoin Experiences Confident Buying from Smart Money Amid Market Dip

In the past week, Bitcoin saw a decline in its price, dropping to approximately $65,000, which translates to a 6.74% loss. This recent downturn highlights Bitcoin's challenges in March, where attempts to break through key price levels were met with equal or larger pullbacks, leading to an overall monthly loss of 4.4%. During this time of price fluctuations, the Insights platform Easy On Chain has reported a notable trend regarding smart money accumulating Bitcoin.

Key Takeaways

Bitcoin's price recently dipped to around $65,000, marking a weekly loss of 6.74%.
Despite price volatility, smart money is increasingly accumulating Bitcoin, especially among institutional investors.
The market has seen a reduction in selling from Bitcoin miners, with lower selling activity noted.
For a significant price recovery, a resurgence in demand from US markets is necessary.

This summary provides a clear view of the recent dynamics in the Bitcoin market, emphasizing both the challenges and opportunities present for investors.

Bitcoin

Positive Market Behavior Amid Price Decline

According to a QuickTake post by Easy On Chain on March 27, as Bitcoin prices fell in March 2026, smart money investors—including institutional players and wealthy individuals—responded differently. At the start of the month, traditional finance (TradFi) led an aggressive buying campaign, significantly increasing Bitcoin exposure and pushing the Fund Market Premium to 2.72 on March 11. However, this strong demand was soon followed by a strategic withdrawal, as Bitcoin reached a local monthly peak of $76,007 on March 17.

This decrease in demand was apparent in the Exchange Whale Ratio—a significant selling indicator—which peaked at 0.835. Additionally, the Stablecoin Supply Ratio (SSR), which assesses Bitcoin's market capitalization against stablecoin supply, hit 10.95, signaling a drop in buying momentum. Consequently, Bitcoin has experienced a consistent decline to $65,000, leading to a negative Net Unrealized Profit/Loss (NUPL) for short-term holders, which contributed to investor anxiety.

Bitcoin Source: CryptoQuant

Nevertheless, signs of market re-accumulation by long-term holders began appearing on March 22. The Coins Days Destroyed (CDD) metric reached a notable level of 27.1 million, indicating the movement of coins that have been held for 2-7 years. However, exchange inflows remained relatively unchanged at a level of 48,909. In a significant move, $2.27 billion worth of ERC-20 USDT was transferred from exchanges, showing that whales and institutions are acquiring Bitcoin in over-the-counter (OTC) markets rather than through public exchanges.

Increased Accumulation by Miners

As noted by Easy On Chain, there is also evidence of Bitcoin miners joining this accumulation trend. Their selling activity has decreased, with total holdings now valued at 1,805,235 as of March 27. With a current profit margin of 71.4%, miners are less inclined to engage in forced selling.

At the time of writing, Bitcoin is trading at $66,003, having lost 4.23% in the last day. Analysts from Easy On Chain highlight that a critical support level now stands at $63,200, which is the realized price for holders who have kept their assets for 1.5 to 2 years. For a bullish turnaround to occur, there must be a revival in demand from the US spot market, marked by positive movements in Coinbase and Fund Premiums.

Bitcoin BTC trading at $66,297 on the daily chart | Source: BTCUSDT chart on Tradingview.com