Overview
- Bitcoin, which fell back under $67,000 on Thursday, unwound most of this week’s bounce after US spot ETFs logged $173.73 million in net outflows Wednesday.
- A televised address by President Trump warning the Iran conflict could last weeks pushed oil past $100 and hit risk assets, with CoinGlass counting $349.84 million in 24‑hour crypto liquidations.
- Flows have turned uneven after March’s net ETF inflows, and options data on Deribit shows heavy put interest near $60,000 that signals demand for downside protection.
- Supply drivers are pulling apart, with SEC filings showing public companies bought about 62,000 BTC in Q1 as the 30‑day average of whale deposits fell to roughly 1,600 BTC from nearly 4,000 in February.
- Technical checks remain cautious as price holds a $60,000–$70,000 range under stacked moving averages, and on‑chain analysts flag a realized price near $54,000 as the level that would mark a clearer accumulation zone if reached.