ETF redemptions accelerated with ETH spot ETFs seeing a $429 million exit (3rd day of outflows) while BTC spot ETFs also registered a $327 million outflow yesterday.
Price momentum faded after the strong Monday one. BTC dropped 2.2% to $112,455; ETH 2.1% to $4,050; BNB down 7% to $1,215; SOL flat at $198.
Market structure: Open interest turned down sharply (≈ −77k BTC and −1.67 million ETH), indicating low return of leveraged traders.
Macro pressure: Gold hit a new ATH of $4,130 and S&P 500 +1.5% with China vowing to “fight trade war to the end.”
VC & product demand: Fundraising surged to a record $3.48 billion in one week, as venture appetite returns even as spot sentiment cools.
Bitcoin drifted lower but held key support near $66,000 as oil spiked and global markets reeled from escalating US-Iran tensions, with traders watching crude, Fed signals and ETF flows for the next breakout or breakdown.
Over $580 million traded across Kalshi and Polymarket on contracts tied to the strikes that killed Khamenei, as lawmakers give the CFTC until March 9 to act on "assassination markets."
As Chainalysis touts the accuracy of its tracing tools, new out-of-sample tests of the co-spend heuristic raise urgent questions about error rates, scientific validation, and whether blockchain forensic evidence meets legal standards.
