Analysis: Weak U.S. economy, Iran war, and institutional selling pressure dim the outlook for Bitcoin breaking through $75k.

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ME News Report, April 3rd (UTC+8), the outlook for Bitcoin rebounding to $75k faces pressure due to multiple factors including the weak U.S. economy, the Iran war, and institutional sell-offs. President Trump’s speech on Wednesday failed to guarantee an end to the Iran conflict, causing oil prices to surge above $110 per barrel, triggering risk aversion. The number of Americans filing for unemployment benefits rose to 1.84 million, and concerns also arose in the private credit market: alternative asset management firm Blue Owl announced “unusual redemption requests” for two of its private credit funds, with withdrawal limits set at 5%. The U.S. spot Bitcoin ETF has experienced net outflows of $450 million since March 24, indicating weak institutional demand. Although Bitcoin successfully held the $66k level this week, traders remain worried about downside risks over the weekend. Analysts point out that the U.S. federal deficit is projected to reach $1.9 trillion by 2026, and liquidity injections may benefit scarce assets. (Source: PANews)

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