Bitcoin Price Analysis: BTC Starts Week In Positive Territory But Momentum Remains Weak, ETF Inflows Resume 

Bitcoin (BTC) started the new week in positive territory after consolidation around the $70,000 mark over the weekend. The flagship cryptocurrency spiked to an intraday high of $71,878 early on Monday but failed to push higher, instead slipping below the $70,000 mark. BTC is down nearly 1%, trading around $69,950. 

Meanwhile, hedge fund veteran Gary Bode believes that Bitcoin’s sharp decline isn’t a crisis. According to Bode, the sell-off reflects the asset’s built-in volatility and the market’s misreading of Fed policy, not structural weakness. 

CoinShares Plays Down Bitcoin Quantum Threat 

Digital asset manager CoinShares has downplayed concerns about quantum computers and their potential impact on the Bitcoin ecosystem. The asset manager believes only a fraction of the Bitcoin held in crypto wallets is worth attacking. CoinShares’ Bitcoin research lead, Christopher Bendiksen, stated that only 10,230 BTC are stored in wallet addresses with publicly visible cryptographic keys that could be vulnerable to a quantum attack. Around 7,000 Bitcoins are held in wallets with 100 to 1,000 BTC, while another 3,250 BTC are held in wallets with 1,000 to 10,000 BTC. The remaining Bitcoins are held in wallets with 100 BTC or less, which Bendiksen believes could take years to unlock.

According to Bendiksen, the theoretical risks arise from quantum algorithms like Shor’s, which could decrypt Bitcoin’s elliptic-curve signatures, and Grover’s, which could compromise Bitcoin’s Secure Hash Algorithm 256-bit (SHA-256). The Bitcoin research lead believes neither quantum algorithm could change Bitcoin’s supply cap or bypass the network’s Proof-of-Work consensus mechanism. 

Bitcoin’s Decline Isn’t A Crisis: Gary Bode 

Hedge fund veteran Gary Bode has said that Bitcoin’s steep drop from its all-time high is consistent with its history of volatility and sharp pullbacks, and does not indicate an ongoing systemic crisis. Bode noted in a post on X that while the latest pullback is “jarring,” Bitcoin’s history has witnessed several 80% to 90% pullbacks. 

While the recent price drop is unpleasant and jarring, it is not unusual in bitcoin’s history. “80% – 90% drawdowns are common. Those who have been willing to stomach the always-temporary volatility have been well-rewarded with incredible long-term returns.

Bode attributed the downturn and volatility to the market’s reaction to Kevin Warsh’s nomination as the next Federal Reserve Chair. Investors are worried the Fed may adopt a hawkish stance under Warsh and raise interest rates. Higher interest rates could make assets like Bitcoin, Gold, and Silver less attractive to investors. Additionally, margin calls on leveraged positions amplified the downturn. 

ARK Invest Continues Reducing Coinbase Exposure 

ARK Invest has unloaded $22 million worth of Coinbase shares across multiple crypto ETFs as it continues reducing exposure to the cryptocurrency exchange. According to trade disclosures, the company has sold 92,737 Coinbase Global shares from the ARK Innovation ETF (ARKK), 32,790 shares from the Next Generation Internet ETF (ARKW), and 8,945 shares from the Fintech Innovation ETF (ARKF). The combined value of the shares sold is around $22.1 million. 

Cathie Wood’s ARK Invest has gradually reduced its exposure to Coinbase, selling 119,236 COIN worth about $17.4 million on Thursday. The sale was ARK Invest’s first Coinbase sale in 2026, and the first since August 2025. 

Bitcoin (BTC) Price Analysis 

Bitcoin (BTC) traded above the $70,000 mark over the weekend and started the week in positive territory, reaching an intraday high of $71,380. However, it failed to push higher as momentum faded and selling pressure returned. The flagship cryptocurrency is down nearly 3%, trading around $68,580. 

Despite the weekend recovery, traders remain skeptical, believing there is further pain ahead. One analyst uploaded a chart comparing BTC’s current price action to the 2022 bear market, adding that there was no good news for the bulls. 

I’m not going to try to dress it up any way other than how it looks.

Another analyst, Tony Severino, offered a similar outlook, stating that new lows were imminent. 

$BTC final capitulation hasn’t happened yet. A real bottom will form below the $50,000 level, where most of the ETF buyers will be underwater.

Spot Bitcoin ETFs currently have a buy-in cost of $82,000, according to data from Checkonchain. Caleb Franzen, creator of Cubic Analytics, also believes BTC’s price action was mirroring 2022. 

In May 2022, Bitcoin retested its 200-week MA cloud. Bulls said ‘that’s it, we’ve retested the long-term moving average & can continue higher now.’ Price immediately rebounded on that zone, produced a long wick, & closed above the midpoint of the weekly range. But then that rally faded… Price came back into the 200W MA cloud a few weeks later, failed to rebound, then sliced through the cloud in June 2022. What are we seeing right now? The first retest of the 200W MA cloud with a long wick.

Bitcoin (BTC) ended the previous weekend in the red, dropping over 2% to $76,895. The flagship cryptocurrency began the previous week in positive territory despite selling pressure, rising over 2% to $78,666. However, selling pressure returned on Tuesday as the price fell nearly 4% to a low of $82,859 before settling at $75,661. Sellers retained control on Wednesday as BTC fell 3.52% to $72,998. Selling pressure intensified on Thursday as BTC plunged nearly 14% to $62,791.

Source: TradingView

BTC plunged to a low of $60,000 on Friday as bearish sentiment persisted. However, it rebounded from this level to reclaim $70,000 and move to $70,259. Price action was mixed over the weekend as BTC fell 1.825 on Saturday before rising 1.49% on Sunday to settle at $70,279. BTC is down nearly 2% during the ongoing session, trading around $69,154.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.