Bitcoin Holds Near $71,400 as Whales Add 40,000 BTC and Spot ETF Inflows Extend Multi-Day Streak

Bitcoin traded around $71,400 with weekly gains after briefly reaching $76,000 and pulling back about $5,000, CoinGecko data show. Market analyst Ali Martinez said a daily close above $73,344 resistance, if that level turns into support, could open a path toward $79,234 and $85,555. Whales purchased 40,000 BTC over the past seven days, worth nearly $2.9 billion at current prices, bringing their holdings to roughly 5.17 million BTC or about 25% of circulating supply, Martinez noted on X. Spot Bitcoin ETFs recorded sustained net inflows over the last seven days, while Axel Adler Jr. estimated the average ETF holder cost basis at around $79,962, exchange balances dropped to a six-year low of about 2.72 million BTC on March 18, and X user Cantonese Cat observed that monthly Bollinger Bands tightened to unprecedented levels, signaling potential major volatility in either direction.