BTC price analysis: Bitcoin set for best week since September 2025 as correlation with tech stocks weakens

Bitcoin is on track for its strongest week since September 2025, rising about 8.5% to trade above $71,000, showing a divergence from broader market assets like tech stocks (IGV), gold, and U.S. equities. Since the Middle East conflict began over two weeks ago, Bitcoin has gained roughly 13%, significantly outperforming traditional risk assets and safe havens. This rebound follows five consecutive negative months, and March is set to be its first positive month since September, driven by returning institutional demand, with U.S. spot Bitcoin ETFs recording $1.3 billion in net inflows this month. Despite this positive price action, market sentiment remains cautious, indicated by the crypto fear and greed index staying in "extreme fear" and negative perpetual futures funding rates, suggesting bearish positioning persists. This divergence implies Bitcoin may be transitioning from being purely a risk asset to potentially acting as a 24/7 leading indicator for overall market responses to macro events.

(Source：CoinDesk)