We investigate spin-valley instabilities and their connection to the magnetically ordered states recently observed in the twisted bilayer dichalcogenide ${\mathrm{WSe}}_2$ at a 5° twist angle. Starting from an effective three-orbital faithful Wannier model for the spin-locked moiré bands, combined with orbital-dependent Hubbard interactions, we analyze the evolution of magnetic instabilities as a function of carrier density using the matrix random phase approximation (mRPA) approach. By computing the Stoner boundary lines from the spin-valley susceptibilities over the electric field by a hole-filling phase diagram, we show that the spin-valley instabilities result in ordered states in the region close to the Lifshitz transition at the topmost moiré valence band, marked by crossing of the van Hove singularity in the density of states. These spin-valley-ordered states are dominated by interorbital spin-valley flips involving the $MM$ and $MX$ moiré orbitals and occur at different momenta in each side of the van Hove line, indicating a distinct spatial dependence of the spin-valley order parameter depending on the hole filling. Moreover, the corresponding Stoner boundaries exhibit strong fluctuations on its flanks, which can favor superconducting states in the regions close to the spin-valley-ordered ones. This mechanism provides a natural description for a reentrant superconducting dome consistent with the experimental results. As such, our results suggest spin-valley fluctuations near the van Hove line as the microscopic origin of the reentrant superconductivity in twisted ${\mathrm{WSe}}_2$.

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• Spin fluctuations
• Superconductivity
• Moire materials
• Transition metal dichalcogenides
• Twisted bilayers
• Random phase approximation