Capital Flow

Bitcoin rebounded after a weekend correction, approaching $70,000, mainly due to short covering and institutional capital inflows. Market sentiment remains cautious, trading volume has increased, but geopolitical risks still pose an impact. In the short term, BTC price may fluctuate within the $60,000 to $70,000 range.

2026-03-04 06:30 to 06:45 (UTC), BTC gained +0.79% in 15 minutes, with a price range of 68123.1-68672.3 USDT, achieving a 0.81% fluctuation. During this period, trading volume significantly increased, market attention rose, and volatility exceeded the intraday average, reflecting active short-term capital and heightened trading enthusiasm. The main driver of this anomaly is the continuous net inflow into the US spot BTC ETF products, especially single-day capital inflows led by major institutions (such as a peak of $458 million on a certain day in early March), pushing the market.

On March 4, 2026, from 06:30 to 06:45 (UTC), ETH achieved a return of +0.95% within 15 minutes, with a price range of 1967.24 to 1986.41 USDT and an amplitude of 0.97%. The short-term abnormal movement highlights increased market attention and is accompanied by heightened volatility, drawing significant focus from trading communities and on-chain funds. The main driver of this abnormal movement is the influx of macro hedging funds. Major Asian stock markets experienced a sharp decline, with the largest single-day drop exceeding 12%, prompting global funds to seek safe havens. Cryptocurrencies, as a mainstream alternative, received a notable influx of capital.

Bitcoin mining company Core Scientific is selling part of its Bitcoin reserves to fund its transition into artificial intelligence and high-performance computing. The company has sold 1,924 Bitcoins and plans to convert its data centers into hosting services. Mining companies are gradually shifting their focus to cope with declining mining profits. At the same time, large mining firms are also adjusting their asset strategies, and the market is reassessing the sustainability of digital asset holding models. Despite the worsening market environment, Strategy maintains a long-term holding approach.

The current crypto market is showing clear divergence, with 38% of altcoins trading near historical lows and facing ongoing selling pressure. Liquidity is tightening, with market funds concentrating in Bitcoin and Ethereum. Some public chain projects remain active, but liquidity for many altcoins has decreased significantly, transaction costs have risen, and market vulnerability has increased. Additionally, enhanced European regulation could further accelerate market concentration, and the long-term disadvantages of fringe altcoins are becoming more apparent.

As tensions in the Middle East escalate, cryptocurrency trading in Iran has significantly increased, with users大量 buying Bitcoin and transferring it to personal wallets to protect their assets. The platform Nobitex has experienced a surge in withdrawals, indicating a reduced reliance on centralized services. Historically, during geopolitical conflicts, cryptocurrencies often serve as tools for cross-border transfers and risk mitigation. Users diversify assets to reduce risk but also need to bear the responsibility of private key management. Amid increasing global market uncertainty, some funds are flowing overseas, with investors turning to Bitcoin to hedge against banking restrictions.

Ripple announces that its payment platform transaction volume has surpassed $100 billion, covering over 60 markets, demonstrating the success of its cross-border payment solutions. However, XRP's liquidity index on Binance has dropped to a new low, indicating a significant decline in trading activity, which could impact price volatility risk. Analysis points out that even with business growth, low liquidity does not necessarily immediately improve market conditions.

Recently, Bitcoin spot ETFs attracted approximately $1.4 billion in capital inflows, but Bitcoin prices did not rise significantly, sparking market discussions about the correlation between ETF funds and price movements. Analysis indicates that ETF capital inflows are not entirely synchronized with spot market demand, which may lead to short-term price fluctuations. Nevertheless, ETFs are still regarded as an important channel for promoting the development of digital assets.

Bitcoin enterprise-level investment giant Strategy has recently made another large-scale purchase, investing approximately $204.1 million to acquire 3,015 Bitcoins, bringing its total holdings to 720,737 Bitcoins, accounting for 3.4% of the entire network. Despite facing an unrealized loss of $7.3 billion, Strategy continues to raise funds through the issuance of A-shares and perpetual preferred shares. However, analysts remain optimistic about its prospects, believing the stock still has a potential upside of 446%.

During the US-Iran conflict, traditional markets were closed, and the trading volume on the crypto derivatives platform Hyperliquid reached $11.5 billion, demonstrating the potential for on-chain finance to replace traditional exchanges. Bitwise's Chief Investment Officer believes that this weekend's situation has overturned predictions of traditional financial transformation. Bloomberg also cited Hyperliquid's crude oil contracts. Traditional exchanges need to accelerate their transformation to avoid being marginalized.

Currently, approximately 3.4 million ETH are waiting to join the Ethereum validator set, with a queue time of 60 days. The demand mainly comes from large enterprises and exchanges, which earn stable returns through staking. This trend indicates that institutional investors prefer long-term holdings, which is related to increased market confidence.

On March 4th, the US Bitcoin spot ETF saw a net inflow of $225.2 million, with BlackRock's IBIT experiencing the largest inflow and Fidelity's FBTC experiencing significant outflows; the Ethereum spot ETF had a net outflow of $10.8 million, with Fidelity's FETH experiencing the largest outflow.

Gate ETF business achieved a trading volume of 16.277 billion USDT in February 2026, ranking first in monthly trading volume across the entire network. Supporting nearly 320 ETF trading pairs, it optimizes liquidity and trading efficiency to meet diverse investment needs. At the same time, it introduces a new leveraged token trading model in conjunction with traditional financial assets.

_Oil shock and Fed uncertainty pressure Bitcoin, while ETF inflows fail to restore strong institutional demand._ Bitcoin swung sharply after U.S.-Israel strikes on Iran triggered a weekend risk-off move across

Odaily Planet Daily reports that NASDAQ-listed company Empery Digital announced today that it sold 60 Bitcoins at an average price of $66,583, with total proceeds of approximately $4 million. As of now, its total Bitcoin holdings have decreased to 3,664 coins. Additionally, the company announced it has spent about $116 million to repurchase 18,685,725 common shares. (Businesswire)

In brief Roughly 3.4 million ETH is waiting to enter Ethereum’s validator set, creating one of the longest staking queues since the network transitioned to proof-of-stake. Anecdotal industry feedback suggests major corporates and exchanges are driving much of the demand as they seek yield on

Recently, the demand for Ethereum staking has significantly increased, with 3.4 million ETH queued to enter the validator queue, and the waiting time reaching 60 days, a record high. Institutional investors are gradually changing their strategies to earn stable returns through staking. This trend is expected to reflect optimistic expectations for the future applications of Ethereum.

Bitcoin price has recently rebounded to around $68,000, mainly driven by institutional capital inflows and short covering. Although trading sentiment remains cautious, market optimism for short-term fluctuations has increased, but high-leverage traders remain cautious, and overall confidence is gradually recovering.

The conflict between the US and Iran impacts the market, with TSMC's stock price plummeting to 1,895 yuan and the Taiwan Weighted Index falling by 94.9 points. Conversely, Bitcoin defies the trend and rebounds to $68,062, indicating investor risk aversion. Precious metal prices retreat, with gold dropping to a low of $5,119. Rising international oil prices influence inflation expectations, causing the probability of rate cuts to decrease to 2.6%. The US dollar index rises, and the market expects Bitcoin to break through $75,000 before confirming the end of the bull market.