Bitcoin Trades in $61,000–$71,000 Range as CPI Data and Geopolitical Risks Cap Direction

Bitcoin has largely traded between $61,000 and $71,000 since early February, as U.S. February CPI data—2.4% annual headline and 2.5% core—met expectations and left Fed policy views unchanged, a Bitunix analyst said citing BlockBeats. Global risk sentiment is shaped by the Trump administration's Section 301 trade probes against major economies, Middle East tensions, Iran's stated ability to block the Strait of Hormuz, and the coordinated release of about 400 million barrels from emergency oil reserves by international energy agencies. On-chain data show dense short-side liquidity around $71,000–$72,500, recent long leverage clustered between $65,000 and $66,000, and deeper support near $61,000. With BTC oscillating below $70,000 and macro catalysts unclear, the analyst indicated the market structure points to continued rangebound trading as participants seek liquidity on both sides.