Bitcoin fell nearly 5% this week, with traditional markets like the S&P 500 experiencing synchronized pressure

Gate News reports that on March 21, due to the impact of the US and Israel-Iran conflict, Bitcoin dropped nearly 5% this week, while the S&P 500, Dow Jones, Nasdaq, and gold all declined simultaneously. Meanwhile, crude oil rose 7.3%, increasing by 53% since the outbreak of war on February 28.

Kobeissi Letter reports that over the past three months, the S&P 500 ETF and Nasdaq 100 ETF saw a combined outflow of $64 billion, the highest on record, representing about 5% of total managed assets. Spot Bitcoin ETFs experienced net outflows of $253 million in the past two days.

Glassnode data shows that Bitcoin's net realized profit-taking accelerated to approximately $17 million per hour at one point, but then lost momentum, with the price falling back below $70,000.