MICA Daily: BTC Liquidity Dries Up as Price Remains Weak at $70,000 Resistance

Exchange net flows are commonly used to assess potential selling pressure on Bitcoin. Sustained asset outflows typically suggest holders have no immediate intention to sell, but an inability of prices to rise under those conditions points to even weaker buying demand. The focus this time is Binance Netflow tracked by CryptoQuant. The reduced supply has failed to lift BTC, reflecting a simultaneous drought in liquidity and demand and making $70,000 a key resistance level.

The U.S. Bureau of Labor Statistics reported on March 11, 2026, that the CPI rose 0.3% month on month and 2.4% year on year in February, broadly in line with expectations, though developments in the Middle East muted the market response. MICA’s March 12 report said BTC had fallen from about $74,000 the previous week to around $70,000. Binance Netflow was negative overall, with occasional spikes in net inflows, indicating that selling pressure had not abated and continued to constrain any rebound.