This week, Bitcoin briefly reclaimed the range top above $70,000 before swiftly retreating to around $67,000, leaving the market in a choppy pattern of “failed rebounds” at the highs. At the same time, the ongoing tensions in the Middle East have weighed on Asian equities, with the Korean market recording its worst two-day sell-off since 2008. Analysts note that the market has recently undergone a complex “shock–liquidation–rebuild” sequence, with weekend selling driven largely by passive deleveraging amid thin liquidity, so that once the pressure eased a quick rebound followed. This pullback also reflects the lingering disappointment from prior crashes. Against the backdrop of strength in stocks and precious metals, crypto assets have lagged. If resistance remains intact, Bitcoin may need to test $63,000 again. The key to sustaining upside lies in whether ETF inflows this week can continue to grow steadily. (CoinDesk)
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