QCP Report: Bitcoin is fluctuating around $71,000, with net on-chain funds flowing out of exchanges.

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bitcoin news Market Analysis Capital Flow Geopolitics On-Chain Data

2026-03-26 10:01:29

BTC-2,97%

Gate News reports that on March 26, QCP released a market report. Bitcoin is currently hovering around $71,000, in a consolidation phase. The report indicates that the Middle East situation has increased geopolitical risk premiums, and on-chain data shows net outflows of funds, with capital tending to withdraw from exchanges. In the options market, implied volatility has decreased, and the curve remains slightly in contango, with some downward hedging demand. The QCP report states that, until macro and geopolitical factors become clearer, the Bitcoin market remains driven by news.

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