bitcoin

As concerns over potential oil supply shocks eased, Bitcoin continued to rise on Tuesday, boosting global market risk appetite. The International Energy Agency (IEA) announced on Tuesday that it would hold an extraordinary meeting to discuss whether to release emergency oil reserves. WTI crude oil prices subsequently fell to $82, having surged to nearly $120 over the weekend, while the S&P 500 and Nasdaq 100 indices rose about 0.5% at midday.Crypto-related stocks also climbed: stablecoin issuer Circle (CRCL) rose 6%, with a two-week cumulative increase of nearly 100%; digital asset infrastructure company BitGo (BTGO) gained over 8%; and blockchain company Figure (FIGR) increased by 12%. After the announcement of Nigel Farage joining, UK Bitcoin treasury company Stack BTC (STAK) saw its stock rise over 200%. The correlation between Bitcoin and software stock ETF (IGV) is weakening, indicating that BTC may begin to exhibit a more independent trend during periods of macro uncertainty.

According to the Bitfinex analysis report, Bitcoin has shown unexpected resilience recently. The current derivatives market is entering a "deleveraging wave," with speculative bubbles almost completely dissipated. The Leverage Reset Index (LRI) has fallen to a multi-year low of 0.32, indicating that price discovery is dominated by spot demand rather than derivatives leverage.Additionally, retail investors holding less than 10 BTC have continued to net sell over the past 30 days, while whales holding more than 1,000 BTC have increased their holdings by about 8% since the peak in October last year. The implied volatility of at-the-money Bitcoin options is around 47%, down from 100% during the 2022 bear market. Short-term options are slightly more expensive than long-term options, indicating that the market is pricing in recent uncertainties, but the long-term outlook remains relatively constructive.Overall, the Bitcoin market is transitioning from a leverage-driven correction to a high-confidence mean reversion phase dominated by macro liquidity, with prices potentially forming a stable rebound supported by spot demand and institutional accumulation.

According to Bitcoinmagazine, blockchain development company Blockstream has launched version 5.2.0 of the Blockstream Green app. This update connects Lightning payments with the Liquid network (a Bitcoin sidechain developed by Blockstream), utilizing atomic swaps to convert Lightning payments into Liquid Bitcoin (LBTC) secured by Jade devices.The report states that its Blockstream Jade hardware wallet is currently the first hardware wallet capable of interacting with the Bitcoin Lightning Network, allowing users to send and receive Lightning payments while securely storing funds in cold storage.

According to Cointelegraph, a couple in their fifties in Le Chesnay-Rocquencourt, a suburb of Paris, was invaded by three suspects impersonating police officers, who threatened them with knives and forced the husband to transfer over 900,000 euros (about 1 million dollars) in BTC. They then bound and harmed both individuals before fleeing in a white van.The woman managed to free her husband and call the police afterward. The Versailles prosecutor's office has opened a case for illegal detention, armed organized robbery, and conspiracy of a criminal group, with the investigation being conducted by the Brigade for the Repression of Banditry.

Strategy founder and executive chairman Michael Saylor posted on the X platform, stating that Strategy's Bitcoin yield is 1.2%, corresponding to a realized gain of 7,826 BTC, which is approximately $551 million at current prices.Under the framework of "Bitcoin Standard," Bitcoin Gain can be seen as the closest economic analogy to the traditional financial metric "net profit," used to measure the value growth created by the company's Bitcoin strategy.

According to CoinDesk, data from the on-chain analysis platform Glassnode shows that during the recent pullback of Bitcoin below $70,000, traders have been buying the dip significantly, accumulating nearly 600,000 BTC, valued at approximately $4.248 billion at current prices, with about 200,000 BTC of that amount purchased in just the past two weeks.At the beginning of this year, the last transfer of BTC in the range of $60,000 to $70,000 was about 997,000 coins, and after Bitcoin recently fell below $70,000, that number has risen to approximately 1.558 million coins. This means that currently about 8% of the circulating supply was bought in the $60,000 to $70,000 range, forming a relatively dense cost zone for holdings, which may become an important support level in the future.

According to PR Newswire, NYSE American listed company Hyperscale Data announced that its Bitcoin treasury holdings have increased to 617.1605 BTC, with a total market value of approximately $40.7 million.Among them, its wholly-owned subsidiary Sentinum holds 569.967 BTC (including approximately 440.2341 BTC acquired on the open market and about 129.7329 BTC obtained from its Bitcoin mining operations, as well as approximately 47.1935 BTC purchased from the open market by another subsidiary, ACG). Its goal is to reach a Bitcoin value of $100 million on its balance sheet.

According to OnchainLens monitoring, BlackRock deposited 1,133.78 BTC (approximately 80.24 million USD) and 27,189 ETH (approximately 56.10 million USD) into Coinbase, with a total value of about 136 million USD.

According to The Block, the Gwangju District Prosecutor's Office in South Korea sold 320.8 bitcoins, with the proceeds of 31.6 billion won (approximately 21.5 million USD) submitted to the national treasury.This batch of bitcoins was originally confiscated after a crackdown on an illegal gambling platform, but was stolen due to a phishing attack on officials, until the hacker voluntarily returned it in February of this year. The prosecution then sold it in batches over 11 days (from February 24 to March 6). The hacker is still at large, and the investigation is ongoing.

Matrixport's analysis states that since early February, Bitcoin has maintained a sideways consolidation. Despite escalating geopolitical tensions, weakening U.S. employment data, and a general pullback in global stock markets (with the South Korean stock market experiencing a significant drop at one point), Bitcoin has still demonstrated strong resilience.Even with a sharp rise in oil prices over the weekend, Bitcoin only retraced to the support level around $66,000, and this level continues to provide support. The institution also mentioned in its previous daily report that the possibility of Bitcoin strengthening again and returning to the $70,000 to $80,000 range is increasing. As the market gradually digests the impact of the Iran conflict, Bitcoin is expected to break free from the disturbances of geopolitical factors and repair towards a higher trading range.

Santiment indicates that due to the panic from the war and the uncertainty surrounding the Clarity Act, traders tend to short heavily, with the number of Bitcoin short positions significantly exceeding long positions.

In 2025, several small listed companies in South Korea are competing to replicate Strategy's Bitcoin treasury model by borrowing funds to purchase Bitcoin. Now, the strategy has encountered setbacks, and Bitmax is a typical case.Bitmax transformed last year to bet on Bitcoin, holding 551 BTC, with a purchase cost of approximately $55 million, of which 539 were acquired through 13 over-the-counter transactions with the chairman, totaling a premium of about $6 million. Burdened by losses, the company announced on March 9 a capital reduction of 4 shares for 1 share, with paid-in capital plummeting from $14.5 million to $3.6 million, and the stock price fell more than 10% the next day to about $0.63.Compared to Strategy, the gap is clear: Bitcoin has only dropped 12% in the past year, Strategy has fallen about 70%, while Bitmax has plummeted 88%, and Bitmax failed to rise when BTC rebounded, indicating that the market has factored in the company's unique risks into its pricing. Analysts point out that in the absence of scale, capital market channels, and institutional credibility, the risks of this model far outweigh the returns.

According to SoSoValue data, yesterday (Eastern Time March 9) the total net inflow of Bitcoin spot ETFs was $167 million.The Bitcoin spot ETF with the highest net inflow yesterday was the Blackrock ETF IBIT, with a net inflow of $109 million for the day, bringing the historical total net inflow of IBIT to $62.575 billion.Next was the Fidelity ETF FBTC, with a net inflow of $60.86 million for the day, and the historical total net inflow of FBTC currently stands at $10.903 billion.The Bitcoin spot ETF with the highest net outflow yesterday was the Bitwise ETF BITB, with a net outflow of $4.4888 million for the day, and the historical total net inflow of BITB currently stands at $2.144 billion.As of the time of writing, the total net asset value of Bitcoin spot ETFs is $88.342 billion, with an ETF net asset ratio (market value compared to the total market value of Bitcoin) of 6.41%, and the historical cumulative net inflow has reached $55.536 billion.

According to Farside Investors' monitoring, yesterday the net inflow of Bitcoin spot ETFs in the US stock market was $167.1 million. Among them, BlackRock's IBIT had a net inflow of $109.3 million, and FBTC had a net inflow of $60.1 million. In addition, the net outflow of Ethereum spot ETFs was $51.3 million, with BlackRock's ETHA experiencing a net outflow of $55.1 million.

According to analyst Darkfost's monitoring, since February, the estimated leverage ratio for Bitcoin on Binance has significantly dropped from 0.198 to 0.152, with a rapid and substantial decline. This trend typically occurs after strong volatility and major price movements.During this period, the price of Bitcoin fell from around $96,000 to $69,000. Such fluctuations often create panic among investors, prompting some to actively close their leveraged positions, while others are forced to exit due to liquidation. This has led to a significant reduction in open contracts, reflecting the overall deleveraging process in the derivatives market.Analysts state that if the estimated leverage ratio for Bitcoin does not rebound during the consolidation period, it may indicate that the spot market is taking over the price trend, thereby helping to stabilize the market. In many cases, these deleveraging phases can allow the market to reset on a healthier foundation. Lower leverage typically means reduced systemic pressure, which helps stabilize price action before entering a new directional trend.Note: The estimated leverage ratio for Bitcoin is used to measure the intensity of leverage used by investors, calculated by comparing the open contracts in futures with the BTC reserves held by the exchange.

Renowned trader and chart analyst Peter Brandt, who successfully predicted the Bitcoin crash in 2018, released a chart showing the "big banana" pattern, which represents a massive upward-curving channel on the long-term weekly chart (2014-2027).The "small banana" pattern is a smaller similar curve currently forming around $69,000 on the daily chart. The arrow clearly points upward, indicating higher targets.

According to Decrypt, on-chain analytics firm Glassnode stated that as concerns over the Iran conflict ease, the Bitcoin market structure shows initial signs of stability. Bitcoin rose 4.3% to about $69,100 on the day, with an increase in open interest in futures contracts and positive buying in the perpetual contract market, indicating that traders are cautiously returning to leveraged positions.In the U.S., inflows into Bitcoin spot ETFs increased to about $934 million, a 20% rise from the previous week. Glassnode noted that momentum indicators, ETF demand, and profitability metrics are improving, but the recovery remains "initial," with price movements lacking the strength for a decisive bullish turn. Trading volume and network activity remain sluggish, and capital flows are weak, indicating that overall confidence has not fully recovered.

Bitcoin mining company Mara deposited 298 BTC, worth approximately 20.57 million USD, to Cumberland.