Bitcoin has retreated from its recent high of $69,000, facing selling pressure due to U.S. economic concerns and market dynamics. The cryptocurrency is currently holding support at $66,000, but has experienced net outflows of $450 million from U.S.-listed spot Bitcoin ETFs since March 24. The U.S. Treasury's concerns over the $2 trillion private credit market, highlighted by Blue Owl's unusual redemption requests and withdrawal caps, have contributed to a risk-off sentiment in broader markets. Additionally, major Bitcoin holders such as MARA Holdings, Riot Platforms, and Nakamoto Holdings have sold significant amounts of Bitcoin, adding to the selling pressure. Despite these challenges, companies like Strategy and Metaplanet continue to purchase Bitcoin, providing some support. The U.S. federal deficit is projected to reach $1.9 trillion by 2026, with potential fiscal stimulus measures seen as a medium-term support for Bitcoin prices.