Analysis: Macroeconomic uncertainty has increased recent cryptocurrency market volatility, but there are currently no obvious signs of excessive leverage overheating.

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Deep Tide TechFlow News, March 6th, reports that Bitcoin, after a recent rebound, has fallen back below the $70,000 mark amid a cautious macro environment, with market uncertainty remaining. Analysis indicates that since the escalation of the Iran conflict, spot market buying has significantly increased, but ETF capital flows have reversed after three consecutive days of net inflows. The current market is still digesting multiple uncertainties, including the escalation of geopolitical conflicts, profit pressures in the tech industry, and vulnerabilities in the private credit market. If oil prices remain high and push yields higher, it could limit further rebounds in risk assets.

In derivatives, there are no obvious signs of leverage overheating at the moment. Open interest growth is generally in line with spot demand, and funding rates remain moderate. Overall, the crypto market is still in a delicate balance between improving spot demand and macro pressures.

BTC-4,73%
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