Gate News reported on March 27th that, according to the BIT on Target weekly report (version #2026-179), Bitcoin should currently be understood from the perspective of liquidity conditions and capital flows, rather than simply as an anti-inflation tool or a high Beta risk asset. The report indicates that recently, neither the upward revision of interest rate expectations nor geopolitical disturbances have had a lasting impact on BTC prices, and the overall market sentiment among participants remains cautious, with trading volume and capital flows showing no clear trend. Following a significant pullback after the highs in the fourth quarter of 2025, current positions have essentially returned to normal, and in the absence of clear catalysts, BTC is likely to maintain a range-bound fluctuation in the short term. The report also points out that for investors who can position themselves in a low volatility environment, there are still structural opportunities available at this stage.