Nic Carter: If Quantum Risk Is Neglected Long Term, Institutions May 'Take Over' Bitcoin Development Governance

March 8: Renowned analyst Willy Woo posted on X, noting that while Bitcoin faces local resistance near $75,000, investor capital inflows have been steadily recovering since mid-February. Meanwhile, the CBOE Volatility Index (VIX) — the market’s gauge of expected stock volatility — signals sentiment could shift to “risk-on” in the coming weeks. Woo pointed out Bitcoin’s decline speed in the early stages of this bear market was “too rapid.” The current environment is setting the stage for a rebound that could test the ~$85,000 level (the cost basis for short-term investors), but this does not mean the market has bottomed out. From a long-term liquidity standpoint, Bitcoin remains in the mid-stages of this bear market. Historically, following such a rapid drop, prices typically enter a consolidation phase and retest key resistance levels multiple times during the rebound.

The Israeli military said on March 8 it had carried out strikes in Beirut targeting several key commanders of Iran’s Islamic Revolutionary Guard Corps (IRGC) Quds Force in Lebanon. (JS10)

March 8: Per Onchain Lens data, Sky Alliance Rune has opened 7x leveraged short positions on ETH and the Nasdaq 100, following its prior long positions in WTI Crude (CL) futures and Brent Oil. Additionally, the firm’s account still holds TWAP (Time-Weighted Average Price) orders and intends to continue accumulating four trading positions.

Early on March 8, Iran’s Islamic Revolutionary Guard Corps (IRGC) announced it had launched the 27th phase of “Operation True Promise 4.” In this phase, Iran used drones and missiles to target key Israeli domestic sites and some U.S. military bases in the Middle East. It also fired Katyusha rockets at the U.S. Embassy in Baghdad. Iran’s Secretary of the Supreme National Security Council, Larry Janni, stated: “Iran will punish Trump for the assassination of Supreme Leader Ayatollah Khamenei and will never let him escape. Iranian officials are unified on how to respond to U.S. and Israeli aggression.” According to Iran’s state television, Iran is prepared for at least six more months of war. Possibly in response to the developments, the cryptocurrency market has entered a downturn. Bitcoin briefly dropped below $67,000 early March 8 and was last trading at $67,321.42, down 0.81% over the past 24 hours. The total crypto market capitalization has fallen below $2.4 trillion, cur

March 8th — The Dubai Media Office in the United Arab Emirates reported that debris from an aerial interception operation fell on a car in Dubai’s Al-Barsha area, killing an Asian driver.

**March 8** — CipherTrace reports an on-chain address executed a rug pull just one hour ago, liquidating 115.6 WBTC and incurring a $4.48 million loss. Details show the address’s **per-WBTC cost basis** was $105,431, while today’s selling price per WBTC was $67,070. The 115.6 WBTC sale netted 7,753,000 DAI. ### Notes on U.S. language habits applied: 1. **Conciseness**: Cut redundant phrases (e.g., "according to" → "reports"; "on the chain" → "on-chain"). 2. **Logical clarity**: Added "per-WBTC" to fix the original cost/sale mismatch (critical for U.S. readers to follow data). 3. **Flow**: Used a dash for headline structure (standard in U.S. crypto/finance alerts) and split details into a separate line for readability. 4. **Active voice**: Swapped passive "was pulled" → active "executed a rug pull" (common in U.S. news for urgency).