Bitunix Analyst: Mismatch between energy suppression and unresolved war risks keeps BTC in a liquidity-driven range

BlockBeats News, March 25th. Markets are being dominated by a mismatch between policy efforts to suppress energy prices and persistent geopolitical risks in the Middle East. The U.S. has eased gasoline regulations, while the EU has delayed its ban on Russian oil in an attempt to contain inflation and energy prices. However, ongoing U.S.-Iran negotiations remain unresolved, and military deployments continue, preventing risk premiums from fully unwinding. Capital is rotating into safe-haven assets such as gold, while overall liquidity conditions remain tight and defensive.

Against this backdrop, BTC has not formed a directional trend, but continues to exhibit a typical liquidity-driven range structure. The 71.6k–73k zone above represents a dense cluster of short positions and momentum-driven liquidity, while the 67k–68k range below serves as a liquidation and absorption zone for long positions. The mid-range between 70k–71k remains relatively thin in liquidity, allowing price to move quickly through this area.

In the short term, a sustained move above 71.6k could trigger a liquidity sweep toward 73k, while a breakdown below 68k would signal failed support and open the path for further downside liquidations. Until a clear directional resolution emerges in energy prices or geopolitical negotiations, the market is likely to continue oscillating between these liquidity zones. BTC remains fundamentally a reflection of risk absorption rather than a trend-leading asset.

In summary, the crypto market currently lacks the conditions for sustained trend expansion and is instead characterized by liquidity-driven volatility, with a decisive pricing direction only likely once energy risks or liquidity conditions break out unilaterally.