On March 18, Bitcoin price fell back to $72,300, down approximately 2%. Ethereum, Solana, and XRP declined nearly 3%. U.S. President Trump took a hardline stance toward Iran, with geopolitical tensions causing WTI crude oil prices to rise. U.S. February PPI data exceeded expectations, with markets focusing on the Federal Reserve's interest rate decision and Powell's remarks.

On March 17th, Bitcoin tested the 75,000 USD level driven by short liquidations, briefly reaching 75,653 USD before retreating. This rally was accompanied by massive liquidations, with a total of approximately 609 million USD in 24 hours, with shorts accounting for a significant portion. Market sentiment has shown some recovery, with capital inflows into spot demand and ETF support driving Bitcoin's rise. Future movements will be influenced by sustained capital inflows and macroeconomic data.