Bitunix Analyst: Beige Book Signals Growing Caution, Iran Conflict Divisions Deepen, BTC Faces High-Level Liquidity Standoff
BlockBeats News, March 5th. Ahead of the March FOMC meeting, the Federal Reserve released its latest Beige Book, summarizing survey data from the 12 regional Federal Reserve districts through February 23. The report indicates that while headline data appear stable, both businesses and consumers are increasingly cautious. Hiring momentum has slowed and inflation pressures remain sticky. Notably, the report does not fully reflect the aftermath of the Supreme Court’s partial reversal of tariff policies or the recent escalation in Middle East tensions.
On a granular level, the labor market is becoming more conservative, with many firms delaying expansion plans. Inventory strategies have shifted toward「just-in-time」restocking. In some regions, immigration enforcement actions have weighed on both labor supply and consumer demand. On the pricing front, rising costs in insurance, energy, and raw materials continue to pass through to end markets, with「shrinkflation」re-emerging. Overall, the economy is not in recession, but growth momentum is increasingly intertwined with policy uncertainty.
Meanwhile, a procedural vote in the U.S. Senate failed to block President Trump‘s continued military actions against Iran, leaving the conflict』s economic and energy implications unresolved. Markets are repricing risk assets under the dual pressures of elevated oil prices and persistently high interest rates.
In crypto markets, BTC surged from around 66,000 to 74,000 before retracing, forming a classic liquidity sweep. The 74,000 region has once again become a concentrated short liquidation zone. Long leverage liquidations are clustered near 70,000, while secondary liquidity remains around 64,000.
In summary, macro uncertainty is intensifying. In the short term, BTC‘s structure remains defined by range-bound liquidity dynamics, with the key focus on whether overhead shorts at higher levels are further squeezed and converted into sustained trend momentum.
