VanEck CEO: Bitcoin is Bottoming Out, Showing Signs of Positive Rebound

March 3 — Fox News reports U.S. Special Envoy to Iran Malley said Iranian officials insist they have the right to enrich uranium under the international agreement. He noted reaching a deal with Iran is impossible, describing his meeting with Iranian officials as fruitless. (Xinhua)

On March 3rd, Alibaba’s AI model Qwen announced the launch of its Qwen 3.5 Small Model Series, which includes four variants: Qwen3.5-0.8B, Qwen3.5-2B, Qwen3.5-4B, and Qwen3.5-9B. Built on the same Qwen3.5 technology foundation, these small models boast native multimodality, an enhanced architecture, and scaled reinforcement learning (RL). Their key highlights are: - 0.8B/2B: Compact size and fast performance, ideal for edge devices - 4B: A lightweight multimodal foundational model for intelligent agents, with standout performance - 9B: Compact yet with a steadily narrowing performance gap against larger models Elon Musk publicly lauded Alibaba’s Qwen model, stating, “Impressive intelligence density.”

March 3 Per Bloomberg, Bitcoin has long been billed as offering a 24/7 real-time barometer of global risk appetite—something no other market provides. Yet following reports of a U.S. strike on Iran, the crypto initially dropped, fluctuated, then ultimately climbed. By Monday, its trading price had surpassed pre-strike levels, with little to no sign of sustained panic or flight-to-safety flows. This pattern points to a broader dynamic: Bitcoin has consolidated in a tight $60k-$70k range after retracing ~50% from its all-time high. Most leverage has been unwound since last October’s crypto crash, while retail participation has slowed and fund inflows have weakened. With overall positions lighter, the knock-on effect of new shocks has also been muted.

March 3rd — Coinglass data shows Coinbase’s Bitcoin Premium Index has flipped positive again today, hitting 0.0028%. Over the past week, the index has been in premium territory for 3 trading days. This signals improved buying sentiment in the U.S. market, following 40 consecutive days of negative premium. [BlockBeats Context: The Coinbase Bitcoin Premium Index measures the gap between Bitcoin’s price on Coinbase (a leading U.S. exchange) and the global market average. It’s a key indicator for tracking U.S. capital flows, institutional investment interest, and shifts in market sentiment.] A positive premium means Coinbase’s Bitcoin price exceeds the global average — typically signaling strong U.S. buying pressure, active entry of institutional/compliant funds, ample USD liquidity, and generally optimistic investor sentiment. A negative premium, by contrast, means Coinbase’s price is below the global average, reflecting heavy U.S. selling pressure, reduced risk appetite, heightened

March 3rd — Per LookOnChain monitoring data, three cryptocurrency addresses have accumulated a total of 11,464 ETH amid a market rebound. Three hours ago, address 0xE1Ad withdrew 6,114 ETH (valued at roughly $12.52 million) from OKX and deposited it into Aave. Meanwhile, addresses 0x7673 and 0xBA9A—idle for approximately three months—have resumed buying activity, collectively spending around $10.93 million to purchase 5,350 ETH at an average price of $2,043 per ETH.