Bitunix Analyst: Energy Suppression and War Uncertainty Mismatch, BTC Maintains Liquidity Range Structure

Crypto World News: On March 25, the market is primarily driven by the mismatch between “policy efforts to lower energy prices” and “unresolved Middle East risks.” The U.S. has relaxed gasoline regulations, and the EU has delayed banning Russian oil to curb inflation and oil prices. However, U.S.-Iran negotiations have yet to be finalized, and military deployments continue, preventing risk premiums from fully releasing. Funds are shifting into safe-haven assets like gold, and overall liquidity remains tight and defensive.

In this context, Bitcoin (BTC) has not formed a clear trend but is instead exhibiting a typical liquidity-driven range-bound pattern. The upper zone at 71.6k–73k is a dense area of sell orders and chasing liquidity, while the lower zone at 67k–68k is a zone of buy orders and support. The middle zone at 70k–71k experiences rapid price movement due to sparse liquidity.

In the short term, if the price stabilizes above 71.6k, it could trigger liquidity sweeps toward 73k; if it falls below 68k and support fails, it may extend downward for further liquidation. Until there is a clear unilateral outcome in energy prices or Middle East negotiations, the market will continue to fluctuate between these liquidity zones. BTC remains fundamentally a risk-acceptance asset rather than an active trend asset.

In summary, the crypto market currently lacks the conditions for trend continuation and is closer to a liquidity-driven consolidation phase. Only when energy risks or liquidity directions break decisively will the market choose a definitive pricing path.