BTC remains unstable despite dropping below $70,000

After seven straight days of net inflows totaling $1.162 billion (March 9–17), US Bitcoin spot ETFs turned negative: $163.5M outflow on March 18, then $51.9M more on March 19. Bitcoin simultaneously retreated from its weekly high—briefly falling below $70,000—reflecting concurrent weakness in both capital flows and price.

This reversal follows hawkish Fed signals, rising oil prices, and escalating geopolitical risks—factors that shifted investor sentiment toward caution.

Technically and psychologically, $70,000 remains a critical threshold: holding it signals confidence in the rebound; breaking it suggests medium-term weakness persists. While BTC is up 4.63% over 30 days, it’s down 23.64% over 60 days and 19.75% over 90 days—confirming the broader trend remains bearish.

Near-term, a sustained move above $71,000–$72,000 could reframe this week’s outflows as short-term profit-taking. But if price lingers below $70,000—or retests $68,000—the seven-day inflow streak may mark the end of the rebound, not the start of a new rally.