On March 2, 2026, from 07:00 to 07:15 (UTC), BTC prices experienced a -0.76% return during high liquidity periods, with the price range between 65,628.1 and 66,211.1 USDT, and an amplitude of 0.88%. Market volatility significantly increased, short-term trading activity rose, and risk appetite sharply cooled.
The main drivers of this abnormal movement were a sudden drop in liquidity and the failure of automated market maker strategies. Spot market trading volume remained low, with weak buy-side support, leading large orders to directly impact prices. Coupled with a net outflow of 375 BTC from exchanges, the market’s ability to absorb buy orders further weakened, quickly amplifying selling pressure. Additionally, during periods of concentrated liquidity, automated market makers (such as grid strategies or high-frequency arbitrage) temporarily failed, triggering extreme orders that caused rapid price declines and localized liquidations.
Furthermore, rising macro risk aversion and waning market confidence played secondary roles. U.S. Treasury yields increased, geopolitical tensions escalated, and some funds shifted into traditional safe-haven assets like gold, reducing risk appetite in crypto markets. ETF and spot fund inflows remained negative, institutional buying support was lacking, and the market was dominated by speculative trading, further amplifying volatility. BTC’s technical outlook was under pressure, trading below the EMA50 for an extended period, with RSI repeatedly entering oversold territory, lacking rebound momentum. Meanwhile, major cryptocurrencies like ETH also experienced abnormal swings, with resonance effects lowering overall market risk appetite.
Volatility risks have significantly increased. Users should closely monitor on-chain fund flows, spot and derivatives trading volumes, key support levels (such as $60,000–$69,000), and global macro risk events. Short-term trading should be cautious of liquidity risks and sudden liquidation events. Continuously track market structure and capital movements, and respond prudently. For more market updates and on-chain analysis, stay tuned to real-time news.
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