According to Odaily Planet Daily, Bitcoin fell nearly 5% this week due to the impact of the US-Israel-Iran war, while the S&P 500, Dow Jones, Nasdaq, and gold also declined, and crude oil rose 7.3%, a 53% increase since the war began on February 28. A Kobeissi Letter report stated that the S&P 500 ETF and Nasdaq 100 ETF saw a combined outflow of $64 billion over the past three months, a record high, representing approximately 5% of total assets under management. The spot Bitcoin ETF also recorded a net outflow of $253 million in the past two days. Glassnode data shows that the market struggled to absorb selling pressure, with net profit-taking in Bitcoin accelerating to approximately $17 million per hour at one point, but subsequently losing momentum, and the price fell back below $70,000. Analysts point out that geopolitical uncertainty has compressed market demand depth, making it difficult to absorb even a medium-sized sell-off. Historical experience shows that Bitcoin's price action is repeating itself, similar to that during the Russia-Ukraine war: an initial sell-off followed by a short-term rebound, but then continued downward pressure. Analysts believe that rising energy costs, tight liquidity, and continued pressure from forced selling will make Bitcoin's recovery take longer. Finish predicts that Bitcoin may bottom out around $55,000 before gradually rebounding, but the market remains cautious until the conflict with Iran subsides. (Cointelegraph)

According to Odaily Planet Daily, crypto analyst Murphy published an article on the X platform reviewing the market dynamics of the past week, revealing unusual Bitcoin fund flows: On March 11th and 13th, when BTC rebounded to $70,000–$71,000, a group of whale addresses (each holding over 1,000 BTC) sold 24,867 and 17,818 BTC respectively. The shares sold on March 11th had an average loss of 50% compared to cost, while the shares sold on March 13th had a loss of less than 10%. Analysis shows that these shares originated from low-level purchases in May–July 2025 and early April, with some exiting after significant losses and others being rotated out after precise bottom-fishing. Strategy bought another 22,337 BTC on March 17th, absorbing most of the excess supply. Nevertheless, this event reflects that market sentiment remains extremely fragile, and the patience of investors holding BTC for nearly a year is gradually wearing thin. Future price rebounds could still trigger pressure from loss-making shares.

According to Odaily Planet Daily, Nasdaq-listed Bitcoin mining company Bitdeer released its latest Bitcoin holdings data on the X platform, maintaining a zero Bitcoin holding. As of the week ending March 20, its Bitcoin mining output was 126.3 BTC, but it sold 126.3 BTC during the same period.

According to data from SoSoValue, Ethereum spot ETFs saw a net outflow of $41.9715 million yesterday (March 20th, Eastern Time). The Ethereum spot ETF with the largest single-day net inflow was the BlackRock Stalled ETH ETF (ETHB), with a net inflow of $5.4658 million. ETHB's historical total net inflow has reached $160 million. The Ethereum spot ETF with the largest single-day net outflow was the BlackRock ETF (ETHA), with a net outflow of $31.4508 million. ETHA's historical total net inflow has reached $11.912 billion. As of press time, the total net asset value of Ethereum spot ETFs is $12.328 billion, with an ETF net asset value ratio (market capitalization as a percentage of total Ethereum market capitalization) of 4.79%. The historical cumulative net inflow has reached $11.729 billion.

According to SoSoValue data, Bitcoin spot ETFs saw a total net outflow of $52.1092 million yesterday (March 20th, Eastern Time). The Bitcoin spot ETF with the largest single-day net inflow was VanEck ETF HODL, with a net inflow of $2.9646 million. HODL's historical total net inflow has reached $1.182 billion. The Bitcoin spot ETF with the largest single-day net outflow was BlackRock ETF IBIT, with a net outflow of $45.9441 million. IBIT's historical total net inflow has reached $63.257 billion. As of press time, the total net asset value of Bitcoin spot ETFs is $90.301 billion, with an ETF net asset value ratio (market capitalization as a percentage of Bitcoin's total market capitalization) of 6.44%. The historical cumulative net inflow has reached $56.231 billion.