ETF outflows and war fears drive Bitcoin to $67,000, Ethereum below $2,000

Bitcoin drops back to ~$67K as ETF flows reverse. Bitcoin gave up the mid‑$73K push, and Ethereum slipped below $2,000.

- US spot Bitcoin ETFs flipped from inflows to outflows. Early week saw inflows of $458.19M (Mar 2), $225.15M (Mar 3), $461.77M (Mar 4), then outflows of $227.83M (Mar 5) and $348.83M (Mar 6) as demand faded near resistance in the mid‑$70Ks. Sources: SoSoValue US BTC ETFs, NewsBTC inflows recap, NewsBTC on ETF pressure.

Spot Bitcoin ETFs. Source: SoSoValue

- US spot Ethereum ETFs mirrored the turn. Net inflow was $38.69M on Mar 2, led by BlackRock’s ETHA at $26.51M. Then net outflows hit $90.94M on Mar 5 and $82.85M on Mar 6; Fidelity’s FETH made up $67.57M of the Mar 6 pull. Source: SoSoValue US ETH ETFs.

- Profit‑taking accelerated into resistance. Short‑term holders sent over 27,000 BTC in profit to exchanges within 24 hours. Source: Bitcoinist on on‑chain flows.

- Geopolitics added risk. Markets priced Middle East escalation after Iran’s retaliation and the effective closure of the Strait of Hormuz, a route for about one‑fifth of global oil shipments. Source: Bitcoinist on regional tensions.

Context on price moves:
- Bitcoin’s rebound to the mid‑$73Ks was flagged earlier in the week. Source: NewsBTC on the mid‑$73K push.
- The reversal below $68K followed as the week closed. Source: NewsBTC on the drop.