On Tuesday, US spot Bitcoin ETFs recorded $225.2 million in net inflows as BlackRock’s iShares Bitcoin Trust (IBIT) attracted $322.4 million, offsetting sizable redemptions from rival products. Fidelity’s FBTC and Grayscale’s GBTC saw outflows of $89.3 million and $28.2 million, while weekly inflows for US spot Bitcoin ETFs reached $683.3 million amid ongoing market fear and geopolitical uncertainty.

On-chain data indicates that Bitcoin long-term holders have recently seen their net position change turn less negative, suggesting that months of distribution from this cohort may be slowing. These investors, who acquired their coins more than 155 days ago, began net selling when BTC weakened in the last quarter of 2025 and intensified as the price fell toward $60,000. Selling pressure is still present but has diminished as Bitcoin trades near $68,500 after a failed push toward $70,000 that triggered significant profit-taking.

MARA Holdings, a major Bitcoin mining firm, has updated its treasury policy to allow the sale of BTC from its balance sheet, marking a shift away from its previous long-term holding approach. The company currently controls 53,822 BTC valued at about $3.59 billion and cited potential liquidity needs, debt obligations in 2027, and prolonged price weakness as reasons it may sell part or all of its holdings. Analyst commentary notes MARA's estimated production cost of roughly $87,000 per BTC versus a market price near $66,690, raising questions about profitability and the potential market impact if significant reserves are liquidated.

On the All-In Podcast, Bridgewater Associates founder Ray Dalio challenged the idea of Bitcoin as "digital gold," insisting that only gold stands as a proven global safe-haven asset. He argued that Bitcoin still lacks central bank adoption, shows strong correlation with tech stocks, and faces privacy and quantum-computing risks, while gold continues to rise in value and remains a core reserve holding. Dalio has nonetheless suggested that investors might consider a limited allocation to Bitcoin or gold as part of a broader portfolio strategy.

Bitcoin recently climbed from a base above $66,500 and briefly pushed past $68,800 before sellers capped the move around $70,100. The price is now trading above $68,000 and the 100 hourly simple moving average, with a contracting triangle resistance near $68,400 suggesting a possible attempt to reclaim $69,550 and $70,000. If BTC drops below $67,400 and $66,550, it could revisit supports at $65,000 and $63,000.

At the Bitcoin Investor Week Conference in New York in February, former Trump crypto advisor David Bailey argued that the U.S. government must go further than simply supporting Bitcoin in words. He highlighted that, despite Trump signing an executive order for a Strategic Bitcoin Reserve in March 2025 and the U.S. holding 378,372 BTC worth about $22.48 billion, meaningful policy action has lagged. Bailey added that Bitcoin will ultimately succeed with or without U.S. help, but real progress requires political capital and broader voter ownership of BTC.

Bitcoin is trading with elevated volatility around the $66,000–$66,800 zone as geopolitical tensions weigh on global risk sentiment. On-chain data indicates roughly 13,500 BTC have flowed out of Binance since February 21, pointing to possible large-holder accumulation while price remains capped below $69,000. Exchange-wide outflows have stayed negative for several days, even as BTC consolidates between resistance at $68,000–$69,000 and support in the $63,000–$64,000 range.

Billionaire investor Ray Dalio told the All-In Podcast on Tuesday that Bitcoin should not be relied on as a long-term store of value or safe-haven, stressing that central banks overwhelmingly favor gold. He questioned Bitcoin's privacy, its vulnerability to future quantum computing, and its correlation with tech stocks, while reiterating gold's role as the most established form of money in times of geopolitical and economic stress.