Bitcoin falls beneath $64,000 as market volatility escalates
Bitcoin fell to $63,957, slipping below the $64,000 support on March 25, 2025. Traders now watch $63,000 and $61,500 as possible support zones. Exchange volume rose about 18 % in 24 hours, indicating active repositioning. Futures open interest eased slightly and funding rates normalized, suggesting deleveraging ahead of the spot correction. Uncertainty over global monetary policy, especially mixed signals from the Federal Reserve, pressured risk‑on assets. Recent outflows from major spot Bitcoin ETFs reduced institutional inflows. These macro and flow dynamics combined to amplify the price decline. Transfers from long‑term wallets to exchanges modestly increased, hinting at potential sell pressure. Miner outflows stayed within historic ranges, while the network hash rate remains near all‑time highs. Key technical markers to watch are $63,000 (psychological), $61,500 (50‑day SMA), and $67,200 as resistance. A 4–5 % pullback aligns with past corrections during bullish cycles and may purge over‑leveraged positions. Spot Bitcoin ETFs and regulated products continue to anchor long‑term demand, offering a structural upside. Despite short‑term volatility, strong fundamentals keep the long‑term case for Bitcoin positive.