Yeah — that is one of the clearest bullish tells on the board.
Bitcoin was around $71,056 today, with an intraday low near $71,019, and it held there despite a brutal macro stack: hotter-than-expected February PPI, the Fed staying on hold while projecting only one cut in 2026, and oil ripping higher as Middle East tensions escalated. In weaker phases, that combo usually smashes risk assets much harder.
The comparison that matters is February 5. That day, Bitcoin fell to about $63,296, its weakest level since October 2024, before rebounding back above $70,000 on February 6. So this latest wave of ugly macro news has not even forced a retest of that panic low. That is real resilience.
Part of the reason may be that Bitcoin now has a more structural bid underneath it. Citi said it sees Bitcoin trading sideways around $70,000 pending regulatory catalysts, and market reporting last week pointed to a third straight week of spot bitcoin ETF inflows, with nearly $587 million for that week. That does not make the floor unbreakable — Citi’s recession case still goes down to $58,000 — but it does suggest BTC is getting harder to bully on every macro scare.
So the signal is: bad news is losing some of its power. And when a market stops going down on bad news, that is often when the real beast starts loading up for the next move.