•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Bitcoin is attempting to hold the $70,000 level as geopolitical tensions in the Middle East intensify, adding fresh uncertainty to global financial markets. The asset began the week trading above $74,000 but then experienced a sharp repricing as investors reacted to escalating developments around the Strait of Hormuz, a critical chokepoint for global energy supply. As the conflict appeared likely to persist, markets adjusted expectations quickly, contributing to volatility across risk assets, including cryptocurrencies.
According to a CryptoQuant report, energy-related geopolitical shocks can function as a transmission channel for broader macroeconomic disruptions. When escalations threaten global oil supply, they can reinforce inflationary pressures and raise capital costs across the financial system. These effects can lead investors to reassess expectations for monetary policy, particularly around the path of interest rates and liquidity conditions.
On Thursday, March 5, the Hormuz-related escalation triggered a sudden repricing across markets. Bitcoin, which had been trading comfortably above $74,000 earlier in the week, dropped sharply as participants digested the potential for a prolonged conflict and its implications for the wider macro environment.
Despite the volatility, the report suggests Bitcoin’s internal market structure is showing resilience. While macro risks are being priced across global markets and influencing Federal Reserve expectations, on-chain flows indicate underlying demand remains active, with market participants appearing to deploy capital more selectively.
ETF flows: Bitcoin ETFs recorded a net outflow of approximately $139.2 million on March 5, reflecting a rapid shift toward risk aversion among institutional investors.
Energy prices: Energy markets reacted strongly, with Brent crude rising to $85.41 and WTI reaching $81.01, signaling that traders were pricing in potential logistical disruptions.
Exchange flows and withdrawals: Daily data showed a net balance of approximately -501 BTC leaving exchanges, while weekly cumulative withdrawals reached around -6,469 BTC. This pattern suggests long-term holders are not seeking immediate liquidity, with coins moving into cold storage and reducing available supply—potentially limiting near-term selling pressure as the market processes the broader macro shock.
Bitcoin is testing long-term support after the market repricing. The weekly chart shows BTC trading near $69,700 as it attempts to stabilize following a sharp correction from late-2025 highs. After reaching levels above $110,000 during the peak of the rally, BTC entered a corrective phase characterized by lower highs and increasing volatility. The recent decline pushed price toward the $65,000 region before buyers stepped in, supporting the rebound attempt around the $70,000 level.
Technically, Bitcoin is positioned between key moving averages that help define the broader trend. The price is currently below the 50-week moving average, which sits near the $90,000 region and is acting as dynamic resistance. The 100-week moving average is positioned around the mid-$80,000 zone, reinforcing overhead pressure that emerged after a breakdown earlier in the year.
From a macro perspective, Bitcoin remains within a broader multi-year uptrend despite the recent drawdown. The consolidation around $70,000 suggests the market is working to establish a new support base before determining whether the next move will involve a deeper correction or a renewed attempt to reclaim higher levels.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
