While crude oil prices are soaring and stocks are being sold off, it's interesting that Bitcoin is holding around $71,000. The macro environment is quite dangerous, but digital assets seem to be moving independently.

Credit issues are also spreading, and it feels like the potentially dangerous macro environment has been blocked, but BTC still remains bullish, which is noteworthy. When traditional financial markets panic, digital assets moving in a different direction really makes you think that they are a different asset class.

Depending on future developments, but the fact that Bitcoin can maintain the $70,000 level in this situation suggests there is some support buying.