March 29, 2026, Late Night Crypto Market Report

First, a somber notice to everyone:
No positive news is expected in the next month.
Ethereum is currently hovering around the $2,000 mark,
Neither breaking below nor bouncing back.
Throughout the weekend, prices have been confined between 1960 and 2030,
With extremely narrow fluctuations.
The market has entered a rare state of silence.

On-chain data has begun to provide some more genuine signals.

First, look at exchange fund flows:
In the past 48 hours, ETH net inflow has significantly slowed,
No signs of panic transfers,
But also no clear outflows,
Indicating large funds are neither retreating nor attacking,
A typical wait-and-see stance.

Next, on-chain activity:
Active addresses have not increased noticeably,
Gas fees remain low,
On-chain behavior is cooling down,
This suggests that the current sideways movement is not driven by active capital battles,
But rather a wait-and-see approach amid liquidity contraction.

Derivatives data is even more critical:
Funding rates are approaching neutral,
Open interest has not increased significantly,
Indicating leveraged funds are not making large bets,
The market is actively reducing risk exposure.

Another detail:
Long-term holder addresses have not shown obvious loosening,
But short-term addresses are beginning to disperse slightly,
This often occurs before a trend reversal,
As chips start to reallocate.

Putting these on-chain signals together,
The conclusion is very clear:

This is not a crash,
Nor a bottoming out,
It’s a complete ceasefire.

Now, back to the macro perspective:

Key part:
Let’s look at Monday.

If, after the Asian market opens,
On-chain shows a clear net outflow from exchanges,
And the price reclaims 2035,
It indicates funds are actively accumulating,
This sideways movement will be defined as accumulation.

Conversely,
If, after the open, exchange inflows suddenly surge,
And the price drops below 1950,
It’s not just consolidation,
But a confirmation of distribution,
Next support levels will quickly open.

This $40 range,
Is not fundamentally a price zone,
But a buffer zone between bulls and bears.

If the Iran war cannot be resolved quickly,
The market will enter an epic shakeout!
#BTC #ETH