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Bitcoin (BTC) is under significant selling pressure as the bears attempt to push the price below the $66,000 mark. Unrest surrounding the US–Israel–Iran tensions continues to dampen the rally and increase correction pressures. Capital flows also reflect this cautious sentiment, with US-based spot Bitcoin ETF funds experiencing a net outflow of $171 million on Thursday — the highest since March 3rd, when $348 million was withdrawn, according to data from Farside Investors.
Despite constant profit-taking pressure whenever prices rise, the bulls have maintained a strong defense at the $60,000 level since February 6th. According to Glassnode, realized profit adjusted by entity has sharply declined from $3 billion per day in July 2025 to just $0.1 billion currently, indicating that the down cycle may be approaching its final stage.
$BTC
#BitcoinWeakens