Analysis: Although Bitcoin's price fell below $71,000, data indicates that its bullish momentum has not diminished.

Mars Finance News: According to Cointelegraph, despite Bitcoin falling below $71,000, data shows its bullish momentum remains intact. Bitcoin reached $76,000 on Tuesday but then retreated 7% due to Israel’s attack on Iran’s natural gas facilities boosting oil prices and U.S. PPI exceeding expectations, leading to a decline in U.S. stocks. Analysts point out that continuous buying by US-listed ETFs and strategies support spot demand for Bitcoin. Bitcoin’s long leverage levels are relatively low, so even a 5% price drop poses less risk of cascading liquidations. Rising inflation concerns negatively impact fixed income returns, paving the way for funds to rotate from gold into Bitcoin. The funding rate for Bitcoin perpetual contracts remains below the neutral zone even as the price breaks above $76,000, indicating the rally is driven by spot demand rather than derivatives speculation. Gold prices have shown signs of fatigue; if funds flow out of gold, it could serve as a catalyst for Bitcoin’s continued rise.