Bitcoin moved back toward $70,000, with BTC trading at $70,718 at press time, up 4.2% over the past 24 hours. The move pushed the asset close to the upper end of its recent weekly range.
Over the last seven days, Bitcoin has traded between $65,962 and $73,669. Even after the rebound, BTC remains 46% below its October 2025 all-time high of $127,080. Spot activity picked up as well, with 24-hour trading volume rising 49% to $53.8 billion.
Retail deposits to Binance fell sharply over the past month
A March 10 report by CryptoQuant contributor Amr Taha said retail Bitcoin inflows to Binance dropped steeply during the last month. The analysis used 30-day cumulative Bitcoin deposits to the exchange and separated activity from smaller investors and large holders.
From Feb. 6 to March 10, retail deposits to Binance declined from about $14.1 billion to roughly $6.3 billion, a reduction of around $7.8 billion. The report said this was the lowest level recorded since mid-May 2024, suggesting smaller investors have been sending fewer coins to exchanges.
Futures activity increased, but leverage has been easing across venues
Near-term derivatives activity strengthened. CoinGlass data showed Bitcoin futures volume rose 13% to $76 billion, while open interest increased 5.72% to $46 billion. Trading interest is still present, and liquidity has not dried up.
Still, the broader trend in leverage has been moving lower. The report said several major exchanges have posted declining futures positioning in recent weeks. On Binance, Bitcoin open interest stood at $3.45 billion on March 10, down from $3.8 billion on April 7, 2025. That earlier reading matched a period when Bitcoin formed a major market bottom.
Taha said widespread declines in open interest often point to lower trader leverage. When excessive speculation is flushed out, deleveraging phases can sometimes lead to steadier price action. Activity remains visible, but positioning looks less aggressive than before.
Bitcoin holds a tight range as volatility contracts
On the technical side, Bitcoin is still recovering from the sharp sell-off seen in February. Price remains below the 20-day moving average, which also marks the Bollinger Bands midline and often acts as resistance during recovery attempts.
The chart shows BTC moving sideways between $67,000 and $71,000. Recent candles have shown longer wicks and smaller bodies, a sign that traders remain hesitant and conviction is limited on both sides.
Volatility has started to tighten. Bollinger Bands are narrowing, a pattern that often appears before a larger directional move. Momentum has improved slightly, with the RSI now hovering near 50 after recovering from oversold readings around 20 to 30 during February's decline.
The key support zone remains $66,000 to $67,000. If that area holds, the current consolidation structure may stay intact. On the upside, the next resistance sits at $71,000 to $72,000; a break above that range could strengthen the recovery, while another rejection may keep Bitcoin locked in sideways trading for now.