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Bitfinex Report: Bitcoin Sell-off Transitioning to Market Absorption Phase

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March 3: Bitfinex released a report noting that despite intense selling pressure on BTC, the $60k-$62k range remains solid. This signals forced selling is gradually shifting to market absorption rather than a new round of capitulation. Derivatives positioning confirms leverage has fully reset: futures open interest has dropped over 50% from its October peak. Following the escalation of the Iran situation, funding rates briefly turned sharply negative—indicating market sentiment has bottomed out and short positions are relatively large. Historically, such extreme conditions set the stage for a short squeeze rebound if spot demand follows. However, the options market tells a more nuanced story: recent option skew still reflects a defensive stance, with strong demand for downside protection. Meanwhile, quarterly positions for late March show a clear bullish bias, concentrated in the $80k-$90k range.
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MARA Discloses Lending 9,377 BTC by 2025, Earning $32.1 Million in Interest, Lending Segment Loses $86.3 Million

March 3 — Publicly traded Bitcoin mining firm Marathon Digital Holdings (MARA), the largest BTC holder disclosed in its annual report, said Wednesday it earned $32.1 million in interest income in 2025 from lending out 9,377 BTC. However, the lending segment posted a full-year loss of $86.3 million due to BTC price declines. As of Dec. 31, 2025, MARA held 53,822 BTC (valued at ~$4.7 billion), with a full-year fair value decrease of $301 million. Notably, the company loosened its 2026 policy to allow selling BTC from its balance sheet, no longer restricted to only offloading its current mining proceeds. Source: TheEnergyMag

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The 20th Million Bitcoin Is About to Be Mined, the Remaining 1 Million Bitcoins May Take 114 Years to Mine

March 3rd: Real-time data shows the Bitcoin network has mined roughly 19,992,468 BTC. It’s only a few days away from the 20 millionth Bitcoin being mined, at which point the circulating supply (out of Bitcoin’s 21 million total) will exceed 95%. Per Bitcoin’s halving schedule, the remaining 1 million BTC will take an additional 114 years to be mined.

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Amid Market Downturn, 'Buddy' Ethereum Longs Experience Partial Liquidation

On March 3, per Hyperinsight data, the crypto market saw a sharp afternoon drop at 16:00 ET, with Ethereum posting a short-term decline of more than 2%. During this period, the "Buddy" ETH long positions were partially liquidated again. As of press time, its 25x-leveraged ETH long position held just 1,360 ETH remaining, and its liquidation price had fallen to $1,929.

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Whale Trader "pension-usdt.eth" completed its position with an average price of $67,522, currently holding a long position in BTC with a size of $66.5 million

March 3 — Per the Coinbob Popular Address Monitor (https://t.me/Coinbob_track_CN), the "pension-usdt.eth" address (0x0ddf...) kept adding to its Bitcoin long position over the past hour after BTC dipped below $68k. It has now established a 3x leveraged Bitcoin long position with a size of $66.5M, an average entry price of $67,522, and is currently sitting on a floating loss of $1.08M (-4.8%). This makes it the largest on-chain whale holding Bitcoin long positions. The address regularly turns profits from swing trading, using a strategy centered on low leverage, short holding periods (average ~20 hours), and large positions in Bitcoin and Ethereum. Since last October, its cumulative profits have topped $24 million, including $5.2 million in gains over the past seven days.

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Nvidia Invests $2 Billion Each in Lumentum and Coherent to Advance Next-Generation Data Center Optical Interconnect Technology

Nvidia announced on March 3 separate multi-year strategic partnerships with photonics device manufacturers Lumentum and Coherent, committing $2 billion to each—totaling $4 billion in investments. The funds will support joint research and development, manufacturing capacity expansion, and U.S.-based operations for both companies, with Lumentum planning to build a new wafer fabrication facility (fab). The non-exclusive agreements also include multi-billion-dollar procurement commitments and rights to future capacity for advanced laser and optical networking products. Shares of both Lumentum and Coherent surged sharply following the announcement, according to CNBC.

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Solana ecosystem sees the emergence of a "Gao Shi Naoye" meme coin, Gao Shi Naoye personally posts to deny any association.

On March 3, data from GMGN indicates a meme coin named after Japanese Prime Minister Sanae Takaichi launched on the Solana ecosystem 6 days earlier. It opened with a market cap of $27.72 million but plummeted amid shrinking trading volume, now standing at $6.6 million. Beyond its post-launch decline, the token has drawn notable controversy over its distribution—with the top 10 addresses holding 42.6% of the total supply. Yesterday, Prime Minister Sanae Takaichi took to X (formerly Twitter) to clarify: “I have no knowledge of this token, and my office has never received any notification about it. We have not approved its creation either.” BlockBeats urges users to exercise caution: celebrity-themed meme coins carry substantial investment risks.

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