Analysis: Risk assets collectively under pressure, BTC and US stock ETFs continue to see capital outflows

March 21st news, according to Cointelegraph, as the US-Israel-Iran war enters its fourth week, market risk appetite has contracted, and Bitcoin's trend continues to be weak, with prices briefly falling below $70,000. Funds are accelerating their withdrawal from risk assets: S&P 500 and Nasdaq 100 ETFs have seen a combined outflow of $64 billion in the past three months, a record high; spot BTC ETFs have seen an outflow of $253 million in two days. Glassnode data shows that the market is struggling to absorb selling pressure, with BTC net realized profit taking briefly rising to $17 million per hour, after which the price fell below $70,000. Analysts point out that the current trend is comparable to the Russia-Ukraine war period in 2022, and BTC may rebound before weakening; others believe that the price will struggle to recover before the Iran war subsides, and may bottom out around $55,000 before recovering.