Analysis: Bitcoin spot buying interest is recovering, but ETF capital flows have reversed, and macro uncertainties are intensifying market divergence.

SmartContractAuditor · 2026-03-06T12:56:15+00:00

Bitcoin recently rebounded but has fallen below $70,000 again, indicating that the market is still digesting uncertainties such as geopolitical conflicts, profit pressures in the tech industry, and vulnerabilities in the private credit market. Although spot market buying has increased, ETF capital flows have reversed, and the overall market remains in a delicate balance between improved spot demand and macroeconomic pressures, still facing uncertainties.

SmartContractAuditor

2026-03-06 12:56:15

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Odaily Planet Daily reports that Bitcoin has recently rebounded but then declined again, falling below the $70,000 mark. This may indicate that the current market is still digesting multiple uncertainties, including escalating geopolitical conflicts, profit pressures in the tech industry, and vulnerabilities in the private credit market. If oil prices remain high and push yields upward, it could limit further rebounds in risk assets. Analysis shows that since the escalation of the Iran conflict, spot market buying has significantly increased, but ETF capital flows have reversed after three consecutive days of net inflows. In terms of derivatives, there are no obvious signs of leverage overheating; open interest growth is generally in line with spot demand, and funding rates remain moderate. Overall, the crypto market remains in a delicate balance between improving spot demand and macro pressures. The macro environment is becoming more cautious, and the market still faces uncertainties. (The Block)

BTC-4,02%

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