BREAKING: $435 million has been liquidated from the cryptocurrency market in the past 12 hours.

On March 7, Iranian President Ebrahim Raisi said his Provisional Presidential Office has approved a policy: Iran will not launch any attacks or missile strikes against neighboring countries unless attacks targeting Iran originate from those nations. (FX168)

March 7: Per monitoring from HyperInsight (via their Telegram channel: https://t.me/HyperInsight), the whale address pension-usdt.eth is reducing its Bitcoin short position. The address initially held a 1,000 BTC short, which has now been cut to 900 BTC, with unwinding still ongoing.

March 7 — Bitcoin dips below $68k, currently trading at $67,501 per HTX market data.

On March 7th, retail investors piled into Bitcoin en masse after the crypto dipped below $70,000. However, crypto sentiment platform Santiment noted that if historical trends hold, whale activity signals the price could still drop further. In a Friday report, Santiment said: “When Bitcoin hit $74,000, these key players started taking profits.” Santiment added that whales holding 10 to 10,000 BTC “bought heavily” between February 23 and March 3, when Bitcoin traded between $62,900 and $69,600. Since Bitcoin surged above $70,000 on Wednesday and reached $74,000, this whale group has sold off roughly 66% of their recent purchases. Meanwhile, retail investors holding less than 0.01 BTC have been ramping up their positions. “When retail investors buy and whales sell, that typically means the pullback isn’t over yet,” Santiment noted.

March 7 — Per Onchain Lens monitoring, a wallet linked to MakerDAO founder Rune Christensen has deposited 4 million USDC into HyperLiquid and opened long positions in CL (20x leverage) and BRENTOIL (7x leverage) on trade.xyz.

March 7th, Maelstrom co-founder Arthur Hayes told reporters in an interview that investors may be underestimating the risk of escalating or prolonged conflict right now. “I don’t think global markets have fully priced in the possibility of a long-term U.S.-Iran war,” he said. If energy supplies are disrupted, a chain reaction could ripple through: oil price spikes, inflationary pressures, and increased market volatility would hit the global economy. Hayes also noted another major disruptive force quietly brewing: an AI-related crisis. He argues AI could rapidly reshape the labor market by displacing swaths of knowledge workers—including lawyers, bankers, accountants, and analysts. If this shift happens fast and households struggle to pay down existing debt, it could spark a widespread credit crisis. Ultimately, Hayes says the global financial system consistently responds to crises by injecting liquidity. “Bitcoin is essentially just a liquidity smoke alarm,” he stated.