Between 14:30 and 14:45 UTC on March 3, 2026, Bitcoin experienced a significant decline, with a return of -0.99%. It fluctuated within the range of 66,366.6 to 67,576.7 USDT, with a volatility of 1.80%. Short-term volatility increased sharply, market attention surged, trading volume expanded accordingly, and overall sentiment turned cautious or even panicked.
The main driver of this movement was a decline in global macro risk appetite, with funds rapidly flowing into traditional safe-haven assets. Additionally, expectations of Federal Reserve rate hikes and geopolitical tensions contributed to liquidity tightening. On-chain fund flows contracted, stablecoin supply indicators declined, putting further pressure on Bitcoin prices. Moreover, inflows of BTC into exchanges increased, holders’ willingness to sell grew, ETF fund outflows intensified, and signs of institutional capital withdrawal became evident. Technical indicators further weakened, with RSI briefly falling below 40 and MACD showing a negative crossover, accompanied by a surge in trading volume, reflecting panic selling and leveraged liquidations.
At the same time, liquidity migration between CEX and DEX showed structural divergence, with decentralized trading volume continuing to rise while centralized platform deposits decreased, exacerbating short-term liquidity gaps and volatility. Liquidation events in leveraged derivatives markets added downward pressure, with short-term forced liquidations amplifying. ETF outflows and profit-taking by institutions resonated, straining the capital chain. On-chain BTC inflows to exchanges and increased selling willingness further intensified market turbulence.
Currently, short-term liquidity risks and sharp price fluctuations should be closely monitored. It is recommended to focus on Bitcoin support and resistance levels, on-chain stablecoin supply, exchange fund flows, and macro news developments. Short-term risks are significantly elevated, so trading should be conducted with heightened sensitivity and risk management. Please continue to follow updates on market movements and on-chain fund dynamics.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Analyst: Institutional buying is absorbing short-term selling pressure. To continue the upward trend, it must stay above $70,000 and maintain capital inflow.
Bitcoin ETFs have seen a net inflow of 62,986 BTC over the past 30 days, with a total holding of 1.327 million BTC. Short-term holders continue to incur losses on exchanges, with an average daily inflow of 15,500 BTC. Institutional buying has surpassed retail selling pressure, but short-term participants are still selling at a loss. The price needs to stabilize above $70,000 to maintain an upward momentum.
BlockBeatNews18m ago
Crypto Analyst Finds Bullish Historic Pattern Printing Again, Silver Top Could Trigger Bitcoin Rally
Crypto analyst finds bullish historic pattern printing again.
The price of Silver topping could trigger Bitcoin price rally.
Historically, the price of BTC pumped a while after Silver set a top.
The crypto market continues to trade sideways as both the
CryptoNewsLand33m ago
