Overview
- Bitcoin, which fell Friday to around $66,500, touched its weakest level since March 9 as traders cut risk on fresh Middle East headlines.
- Futures markets saw nearly $300 million in bullish bets forcibly closed over 24 hours, and a roughly $13–14 billion options expiry added to volatility.
- U.S. spot bitcoin ETFs posted a $171 million net outflow on Thursday, the biggest daily withdrawal in more than three weeks and a sign of softer institutional demand.
- Oil stayed above $100 and the 10-year Treasury yield approached 4.5% as the dollar strengthened, pressuring stocks and crypto after President Trump extended his Iran strike deadline to April 6.
- JPMorgan said bitcoin has recently held up better than gold and silver, but the market’s pattern of early-week rebounds giving way to late-week selloffs persisted across assets.