#Bitcoin ’s pullback to around $71K shows how quickly sentiment can shift when the global picture turns uncertain again. The initial rally above $72K was driven almost entirely by relief after the ceasefire announcement. But once doubts started to surface especially after comments from JD Vance calling it “fragile” that optimism faded just as fast.

On top of that, the macro backdrop isn’t helping. The Federal Reserve is still hesitant to cut rates, which keeps financial conditions tight and reduces appetite for riskier assets like crypto and at the same time #BTC ETF records a 2nd consecutive day of net outflows this week with $124.5M on April 8th, following $159.1M on April 7th. That's a combined $283.6M drained in just 2 days. Macro pressure continues to weigh heavily.

So Bitcoin is being pulled in two directions: short-term geopolitical headlines and longer-term economic pressure.

There is, however, an interesting twist. Reports that Iran may accept $BTC for oil-related payments hint at a real-world use case during a geopolitical crisis. If that trend develops, it could support demand in a more fundamental way. #BTC Price Analysis#

You can have follow us on our X account to Build a strong Community across all our channels:

  x.com/Cryptofeed_N$BTC