Opinion: Weak U.S. economy, private credit pressures, and war factors may influence Bitcoin to rise to $75,000.

Mars Finance reports that Bitcoin retreated after briefly reaching $69,000 on Wednesday, as US President Trump’s speech failed to guarantee an end to the Iran war. Meanwhile, WTI crude oil prices rose above $110, sparking risk-averse sentiment in the market. At the same time, the US Treasury expressed concerns about the $2 trillion private credit market. Blue Owl, which manages $307 billion in assets, announced that two of its private credit funds received “unusual redemption requests” and set the withdrawal request cap at 5%. The number of Americans continuing to claim unemployment benefits increased to 1.84 million.

Bitcoin has held the $66,000 support level this week but faces multiple selling pressures. Since March 24, US-listed spot Bitcoin ETFs have experienced net outflows of $450 million. The industry holds $88 billion in Bitcoin assets, with BlackRock’s IBIT leading at $53.9 billion. MARA Holdings sold 15,133 BTC in March; Riot Platforms transferred 500 BTC in preparation for sale; and Nakamoto Holdings sold 284 BTC. The US federal deficit is projected to reach $1.9 trillion by 2026, and the market believes that medium-term economic stimulus measures could support Bitcoin prices. Companies such as Strategy and Metaplanet continue to buy Bitcoin, partially offsetting the selling pressure mentioned above.