Overview
- On-chain data shows short-term holders sent more than 27,000 BTC in profit to exchanges in 24 hours, creating fresh supply and stalling the rebound.
- Santiment reports whales sold roughly 66% of coins accumulated between Feb. 23 and Mar. 3 as spot bitcoin ETFs recorded $348.9 million in single-day net outflows.
- Messari tracked $1.7 billion in weekly net stablecoin inflows, signaling deployable liquidity, while about 31,900 BTC exited exchanges on Mar. 4 in a move often read as cold-storage accumulation.
- A Binance liquidation heatmap highlights a dense short cluster near $71,800 that analysts say could trigger a brief squeeze toward ~$75,000, though sustained gains would require real buying.
- Macro pressures compounded the pullback as the U.S. lost 92,000 jobs in February, the unemployment rate rose to 4.4%, the dollar posted its strongest weekly gain in a year, and Middle East tensions persisted.