{"id":95101,"date":"2026-03-10T17:19:07","date_gmt":"2026-03-10T14:19:07","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=95101"},"modified":"2026-03-10T17:20:25","modified_gmt":"2026-03-10T14:20:25","slug":"bitfinex-analysts-identify-oil-prices-as-key-driver-for-bitcoins-course","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitfinex-analysts-identify-oil-prices-as-key-driver-for-bitcoins-course\/","title":{"rendered":"Bitfinex Analysts Identify Oil Prices as Key Driver for Bitcoin’s Course"},"content":{"rendered":"

The future trajectory of the leading cryptocurrency hinges on oil prices, bond yields, and the policies of the Fed<\/span>. Developments within the crypto industry have taken a back seat, stated<\/a> Bitfinex experts.<\/p>\n

Following significant liquidations in February, when the coin’s price fell from $79,000 to $60,000<\/a>, leverage in the derivatives market sharply decreased. Bitcoin shifted from a correction to macroeconomic consolidation, with its prices now governed by global liquidity.<\/p>\n

The recent rise of the asset to $72,000 led to the liquidation of short positions exceeding $100 million. However, the overall picture remains unchanged\u2014external factors continue to restrain the market.<\/p>\n

Impact of Oil<\/h2>\n

In just three weeks, oil prices surged by 80%, briefly exceeding $100 per barrel. Expensive energy resources are fueling inflation, forcing central banks to delay reducing interest rates<\/a>. Credit conditions remain tight, the dollar strengthens, and free liquidity volumes decline.<\/p>\n

According to experts, the leading cryptocurrency now correlates with tech stocks rather than safe-haven assets. At 21Shares, it was noted<\/a> that expensive energy is depleting historically low American savings, increasing pressure on the US economy and risky assets.<\/p>\n

Market Stabilization<\/h2>\n

Despite macroeconomic threats, a balance is forming<\/a> in the crypto industry. Large investors continue to accumulate coins, absorbing sales from retail traders.<\/p>\n

Spot bitcoin-ETFs<\/a> consistently attract capital. On March 9, net inflows into these instruments amounted<\/a> to $167 million, with $109 million going to BlackRock’s IBIT fund. Experts identified these flows as the main indicator of institutional sentiment.<\/p>\n

The technical outlook confirms a consolidation phase. Structural support is at $60,000, with a local resistance zone between $70,000 and $72,000. A breakthrough of the $78,000 level could initiate a new bull market phase.<\/p>\n

If ETF inflows persist and the macroeconomic backdrop remains neutral, the asset is likely to gradually stabilize above $70,000. However, should inflation surge again due to high oil prices, the coin risks returning to $60,000 before the onset of a new rally.<\/p>\n

Earlier, on March 9, an analyst known as Darkfost described<\/a> the rise in oil prices as an unfavorable factor for bitcoin.<\/p>\n","protected":false},"excerpt":{"rendered":"

The future trajectory of the leading cryptocurrency hinges on oil prices, bond yields, and Fed policies. Developments within the crypto industry have taken a back seat.<\/p>\n","protected":false},"author":1,"featured_media":95102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Bitcoin's path depends on oil prices, bond yields, and Fed policies.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,95,569,1249,1138,1211],"class_list":["post-95101","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-bitfinex","tag-etf","tag-federal-reserve-system","tag-opinions","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"139","promo_type":"1","layout_type":"1","short_excerpt":"Bitcoin's path depends on oil prices, bond yields, and Fed policies.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/95101","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=95101"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/95101\/revisions"}],"predecessor-version":[{"id":95103,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/95101\/revisions\/95103"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/95102"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=95101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=95101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=95101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}