BTC drops below 66,000 USDT

Glassnode: Bitcoin selling pressure has eased, but institutional demand remains in the testing phase

PANews March 6 News, Glassnode posted on X platform analyzing that the outflow trend of Bitcoin spot ETF funds has stabilized. The 14-day net flow trend has turned upward, indicating that as Bitcoin breaks through $70,000, selling pressure is easing. Institutional demand remains in a tentative stage, but early signs of reaccumulation are beginning to appear.

These four charts indicate that the BTC price is forming a bottom.

Although Bitcoin (BTC) is currently trading 42% below its all-time high of $126,000, some technical signals suggest that the price range from $60,000 to $72,000 could become a significant support level, marking a new bottom before the market enters a sustainable recovery phase. The BTC price dropped sharply to

Capital flows into Bitcoin ETFs: After the US-Iran conflict, has BTC replaced gold as a safe-haven asset?

Bitcoin spot ETFs continue to attract capital inflows after the US-Iran conflict. Bloomberg analysts pointed out that since the incident, Bitcoin has risen by 12%, while gold has fallen, raising questions about gold's safe-haven status. Analysts emphasized that short-term price fluctuations should not be overinterpreted, as they may reflect changes in market sentiment and profit-taking.

Hyperliquid BTC Long TOP1 position has only $729 remaining and will be liquidated

PANews March 6 News, according to on-chain analyst @ai\_9684xtpa monitoring, Hyperliquid BTC long TOP1 position has only $729 remaining before liquidation. Address 0x1bf…9547e currently holds 731.73 BTC with 40x leverage long position, opening price $71,441, liquidation price $70,200, now with an unrealized loss of $375,000. Since March, this address has also been actively trading BTC contracts with both long and short positions, accumulating a profit of $644,000.