TechFlow News, March 2: According to The Block, Bitcoin is currently trading in a narrow range near $66,000. Tensions in the Middle East over the weekend briefly pushed the price down to a low of $60,000, but it subsequently rebounded back into its recent trading range. Cryptocurrency trading firm QCP Capital noted that the initial dip triggered approximately $300 million in long-position liquidations; however, this deleveraging episode has been relatively mild compared to the disorderly sell-offs seen earlier this year and in 2025.
Analysts emphasize that macroeconomic factors remain equally critical. Extended expectations of Federal Reserve policy tightening have kept the opportunity cost of non-yielding assets persistently high. Stephen Coltman, Head of Macro at 21Shares, stated that wars historically exert inflationary pressure—driving up commodity prices and widening fiscal deficits—and even though risk assets may experience initial volatility, such developments could complicate the outlook for interest-rate cuts.
Against the backdrop of escalating Middle Eastern military conflict and uncertainty surrounding Federal Reserve policy, the Crypto Fear & Greed Index stood at 15 on Monday—indicating “extreme fear.”
