From Cointelegraph.

March 31, 2025 4:30:00 pm:

Bitcoin price dropped by 6.8% from $87,241 to $81,331, erasing gains from the past 17 days. The correction liquidated $230 million in bullish BTC futures positions, following a decline in the US stock market. Gold surged to over $3,100 on March 31, while the US dollar weakened against foreign currencies.

Bitcoin metrics show strength despite questions about being “digital gold.” Mining hashrate reached an all-time high of 856.2 million terahashes per second on March 28. No signs of panic selling from miners, with known entities flowing to exchanges. Bitcoin investors remain confident despite temporary correlation with traditional markets.

Cryptocurrency exchanges’ reserves hit a 6-year low on March 30 at BTC 2.64 million. Reduced available coins for trading indicate investors are more inclined to hold. Near-zero net outflows in US spot Bitcoin ETFs between March 27 and 28 show institutional investor confidence. Record-high mining hashrate, corporate adoption, and low exchange reserves signal long-term holding.

Read more at CoinTelegraph: 4 key Bitcoin metrics suggest $80K BTC price is a discount