Overview
- Bitcoin fell under $67,000 after US spot funds swung to roughly $174 million in net outflows, reversing two straight days of inflows and signaling weaker demand from large investors.
- Earlier in the week, a relief rally tied to talk of de‑escalation in the U.S.–Iran conflict pushed prices toward $69,000 and ended a five‑month losing streak, with spot Bitcoin ETFs taking in about $117 million and Ethereum products about $31 million.
- The coin remains capped below key moving averages with sellers defending the $70,000–$72,000 zone, while options hedges clustered near $60,000 show traders bracing for a possible retest of recent lows.
- Large exchange deposits from whales peaked in February and have eased since, yet filings show public companies accumulated about 62,000 BTC in the first quarter, underscoring a split between short‑term selling and balance‑sheet buying.
- Analysts highlight macro drivers such as oil prices, inflation reports, and upcoming Federal Reserve dates, and they flag Bitcoin’s on‑chain realized price near $54,000 as a historical value area if current support gives way.