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Bitcoin Slips to $68,000 as Whales Offload and ETF Outflows Hit Hard

A weak U.S. jobs report strengthened the dollar to its biggest weekly gain in a year, pressuring risk assets.

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Bitcoin - Derivatives flash 'mixed signals,' but is $72K a real possibility?
Bitcoin trades 20% below miner costs as fear builds, but is a bullish rotation starting?

Overview

  • Bitcoin reversed from a mid‑week peak near $74,000 to roughly $67,000–$68,000 over March 7–8.
  • Santiment data shows large holders sold about 66% of coins accumulated between February 23 and March 3 after the price tagged $74,000.
  • U.S. spot bitcoin ETFs recorded about $349 million in net outflows on March 6, led by Fidelity with $159 million and BlackRock with $143.5 million.
  • Market stress deepened as the Crypto Fear & Greed Index fell to 12 and Glassnode estimated roughly 43% of supply sits at an unrealized loss.
  • Derivatives signaled pressure with around $106 million in long liquidations versus $12.8 million in shorts over 24 hours and open interest down about $1.32 billion.