$BTC Holds Near $69K While Global Markets Slide
Traditional markets showed stress this week - but $BTC stayed surprisingly stable.
European equities moved lower as
sovereign bond yields surged. The FTSE 100 fell ~1%, while Germany's DAX dropped ~2% as rising borrowing costs pressured risk assets.
Normally, this type of macro shift would hit crypto first.
Instead, Bitcoin held around $69K, showing weaker correlation with equities during the session.
One reason is continued institutional
demand.
Spot Bitcoin ETFs recorded strong inflows again this week:
BlackRock's iShares Bitcoin Trust: +$185M
Fidelity Wise Origin Bitcoin Fund: +$110M
At the same time, on-chain data shows exchange balances falling to multi-year lows, with roughly 18,000 $BTC leaving trading venues last week as long-term holders and institutions move coins into
custody.
From a technical perspective:
Support zones → $71K and $68.5K Major resistance → $74K
If ETF inflows remain strong while liquid supply keeps shrinking, the market may continue building a demand floor near
current levels.