Overview
- The price fell below $70,000 for the first time since November 2024 and touched roughly $60,000 intraday, its lowest in about 16 months.
- US spot Bitcoin ETFs have recorded notable net outflows since late January, reversing a major 2025 demand driver and adding sustained pressure on price.
- On-chain gauges point to waning participation rather than panic selling, with CryptoQuant’s Bull Score reportedly at zero.
- Regulatory uncertainty in the United States, including the stalled CLARITY Act in the Senate, and weakness in technology equities have curbed risk appetite and tightened correlations.
- Analysts highlight support around $70,000–$75,000 with a potential lower zone near $60,000 if selling persists, framing the debate over where a durable floor could form.