Due to the International Energy Agency (IEA) proposing a historic release of strategic oil reserves, Bitcoin prices fell below $70,000, highlighting the fragile macroeconomic situation. This also led cryptocurrency traders to adopt a cautious stance. Bitcoin prices temporarily dropped to around $69,240, and derivatives data showed that traders paid a premium for downside risk protection. Analysts pointed out that although Bitcoin has no direct correlation with oil, soaring energy prices have intensified inflation concerns, thereby putting pressure on risk assets. Market sentiment remains cautious, with current market predictions indicating a 53% probability that Bitcoin's next major move is to drop to $55,000 rather than rise to $84,000.