Bitcoin dipped towards $70,000 as on-chain data, including CryptoQuant’s Bull Score Index hitting zero, signaled a weakening market structure. U.S. spot Bitcoin ETFs shifted from net accumulation to selling, reducing demand. Stablecoin market cap growth turned negative, indicating reduced liquidity. Despite this, stock futures saw modest gains, particularly in tech-heavy Nasdaq 100 futures. Federal Reserve rate cut expectations remain low for April, with minimal odds placed on June adjustments. Treasury Secretary Scott Bessent stated no plans for government intervention in Bitcoin markets, while Amazon’s upcoming earnings report is anticipated.
