Svmuu News Bitcoin After a recent rebound, prices have fallen back and broken below the $70,000 mark, possibly indicating that the market is still grappling with multiple uncertainties, including escalating geopolitical tensions, profit pressures in the tech sector, and vulnerabilities in the private credit market. If high oil prices continue to push up yields, this could limit the scope for further rebounds in risk assets.Analysis indicates that while buying activity in the spot market has strengthened significantly since the escalation of the Iran conflict, ETF fund flows have reversed after three consecutive days of net inflows.In the derivatives market, there are currently no obvious signs of excessive leverage. The growth in open interest has largely kept pace with spot demand, and funding rates remain at moderate levels. Overall, the crypto market remains in a delicate balance between improving spot demand and macroeconomic pressures. With the macroeconomic environment becoming more cautious, the market still faces uncertainty. (The Block)