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Bitcoin is tackling support levels not seen in months. Where do traders think BTC price action will put on a definitive floor after nearly a 30% drop from all-time highs?

Bitcoin (BTC) is in danger of violating its old all-time highs from March 2024 as BTC price losses erase the entire “Trump pump.”

Where could BTC/USD finally bottom? Cointelegraph takes a look at the most popular targets for crypto traders and analysts.

A key area on the radar for traders is the “gap” in CME Group’s Bitcoin futures markets that price created during its ascent to $100,000 and beyond.

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Master Ventures founder Kyle Chasse says Bitcoin needs to find genuine buyers, not hedge funds, who “don’t care about Bitcoin” and are just chasing “low-risk yield.”

Bitcoin’s price will continue to experience volatility until genuine buyers start entering the market, rather than traders seeking arbitrage opportunities, according to a crypto venture capitalist.

“This is a classic case of liquidity games. ETFs didn’t just bring in long-term holders — they brought in hedge funds running short-term arbitrage,” Master Ventures founder Kyle Chasse said in a Feb. 27 X post. 

“For months, hedge funds were exploiting a low-risk yield trade using BTC spot ETFs & CME futures,” Chasse added. 

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MetaMask will expand from Ethereum Virtual Machine chains for the first time in May when it will add support for Solana, while Bitcoin will also be integrated in the third quarter.

Crypto self-custodial wallet MetaMask is set to expand support to the Bitcoin and Solana networks and eventually remove gas fees as part of a roadmap of updates for the year. 

The Bitcoin network will be integrated sometime in the third quarter, while Solana will become the first non-Ethereum Virtual Machine chain that MetaMask supports in May, MetaMask’s Dan Finlay said in a Feb. 27 post.

Gas-included swaps — allowing users to swap two tokens and by paying with the token they’re swapping — will soon be upgraded to allow users to pay in any token they hold.

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A THORChain dev has backed out and a validator is threatening to follow as North Korean hackers have reportedly sent $605 million worth of crypto through the protocol.

A THORChain developer says he’s stepping away from the crypto protocol after a vote to block North Korean hacker-linked transactions was reverted — while another validator has also threatened to call it quits over the saga.

“Effectively immediately, I will no longer be contributing to THORChain,” the crosschain swap protocol’s core developer, only known as “Pluto,” wrote in a Feb. 27 X post. 

Pluto said they would remain available “as long as I am needed and to ensure an orderly hand-off of my responsibilities.”

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Two crypto reserve bills have passed their third reading in Arizona’s Senate and will head to the state's House of Representatives.

Arizona’s Senate has advanced a Bitcoin reserve bill, bringing it to second place behind Utah in a race between US states to get a crypto investment bill approved. 

The Arizona Senate passed the Strategic Digital Assets Reserve bill (SB 1373) on its third reading on Feb. 27 with a vote of 17 for and 12 against. It now advances to the state’s House.

The bill, sponsored by Republican Senator Mark Finchem, would create a “Digital Assets Strategic Reserve Fund” administered by the state treasurer that would consist of money appropriated by the legislature and crypto seized by the state.

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