BTC price retreats from monthly high as overbought conditions persist: Crypto Markets Today
By Oliver Knight
Published on March 17, 2026.
Bitcoin BTC fell from its monthly high of $76,000 to just below $73,500, marking a 1.5% drop from the previous day. Other cryptocurrencies also saw a cooling trend, with Ether losing 1.3%, solana dropping by 2.5%, and SUI dropping by 4.5%. Despite this, the average relative strength index (RSI) remains above "overbought" and suggests further drops toward $72,000. Bitcoin futures open interest (OI) has increased 2% to a three-week high of 685.2K BTC. However, SOL's market is showing mixed signals, with negative funding rates and near-zero CVD indicating a bearish outlook. The altcoin market also suffered a pullback, with some corners of the market dropping more than 5% following a rally.
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