Bitunix Analyst: Mismatch between energy control, monetary tightening, and war escalation; liquidity shifts toward a squeezing range

BlockBeats News, March 26 — The global markets are currently experiencing disjointed developments along three main threads: on one hand, the U.S. is easing E15 gasoline restrictions and accelerating the acquisition of oil and gold resources from Venezuela, indicating an attempt to suppress energy prices and rebuild supply chain dominance; on the other hand, Japan’s interest rate expectations are rapidly rising, and global bonds are being sold off, signaling that markets are beginning to reprice inflation and tightening policies; simultaneously, the Middle East situation has not eased—in fact, under the guise of negotiations, military escalation continues, with the U.S. substantially increasing troop deployments and Iran responding strongly, further risking energy transportation and control of the straits.

This combination of “suppressing energy prices + tightening liquidity + amplifying geopolitical risks” is fundamentally disrupting the original pricing framework: energy is politicized and manipulated, interest rate expectations are losing their easing outlook, and safe-haven assets (gold) are being mobilized by physical demand rather than pure trading. This indicates capital is shifting from financial assets to physical and strategic resources, with global liquidity entering a redistribution rather than an expansion phase.

For the crypto market, Bitcoin no longer leads the narrative but passively reflects whether investors are willing to take on risk. According to the liquidation heatmap, current prices are locked in the range of approximately $69,000 to $72,000. There is a high density of short positions and liquidations around $72,000, creating short-term resistance; meanwhile, liquidity absorption and long stacking continue between $69,000 and $72,000, forming passive support. Overall, the structure shows a “dual confrontation,” with price fluctuations driven mainly by liquidations rather than trend.

Until macro uncertainties are resolved, the market is unlikely to form a one-sided pricing logic. BTC is more likely to remain within liquidity-dense zones, repeatedly squeezing through liquidations to redistribute positions. The true directional shift will depend on whether these three factors change synchronously—whether energy becomes uncontrollable, whether interest rates confirm tightening, and whether the Middle East shifts from a “threat” to a “substantive blockade.”