Bitunix Analyst: Energy Suppression and War Uncertainty Mismatch, BTC Maintains Liquidity Range Structure

BlockBeats News, March 25 — The market is currently dominated by a mismatch between “policy-driven energy price suppression” and “unresolved Middle East risks.” The US easing gasoline regulations and the EU delaying sanctions on Russian oil to curb inflation and oil prices have not yet led to a resolution in US-Iran negotiations, and military deployments continue, preventing risk premiums from fully releasing. Funds are shifting into safe-haven assets like gold, and overall liquidity remains contracted and defensive.

In this context, Bitcoin (BTC) has not formed a clear trend but is instead exhibiting a typical liquidity-driven range-bound structure. The upper zone at 71.6k–73k is a dense area of sell orders and chasing liquidity, while the lower zone at 67k–68k is an area of buy orders clearing and accepting positions. Between 70k–71k, rapid price movements occur due to sparse liquidity. In the short term, if the price stabilizes above 71.6k, it will trigger liquidity sweeps toward 73k; if it falls below 68k and support fails, it will extend downward for liquidation. Until energy prices or Middle East negotiations produce a clear unilateral outcome, the market will continue to fluctuate between these liquidity zones, with BTC remaining fundamentally a risk-acceptance asset rather than an active trend asset.

In summary, the crypto market currently lacks the conditions for trend continuation and is closer to a liquidity-driven consolidation phase. Only when energy risks or liquidity directions break decisively in one direction will the market choose a true pricing path.