#比特币重回跌势 Bitcoin, after experiencing a brief rebound last week, turned downward again today (March 9), with the price once falling below the $66,000 mark, a intraday decline of over 1.27%. This downward trend is mainly driven by two major factors:

1. Rising macro risk aversion sentiment

The escalation of geopolitical conflicts in the Middle East led to a surge in international oil prices, with Brent crude briefly surpassing $118 per barrel. This sparked concerns about inflation rebound, prompting investors to sell risk assets and shift to traditional safe-haven assets like the US dollar and gold. The high correlation between Bitcoin and US tech stocks caused Bitcoin to be affected similarly, declining under pressure.

2. Continued outflow of funds

Although the Nasdaq recently lifted trading restrictions on Bitcoin ETFs, the market has not responded positively. Data shows that the capital flow into US spot Bitcoin ETFs has turned negative again, with a net outflow of nearly $6 billion since November last year. This indicates that institutional funds are still exiting rather than waiting on the sidelines, further weakening Bitcoin’s price support.

Market Outlook

Analysts point out that Bitcoin is currently in a "relief rebound" correction phase, with short-term support at $64,000. If this level is broken, the next support will be at $61,000. Market sentiment remains pessimistic, and investors should closely monitor the upcoming US CPI data released this week.