On-chain BTC Long Position Liquidated for $10.27M, Marking the Largest Single Liquidation in the Past 24 Hours

March 6 — CCTV News: A spokesperson for the Iran-backed armed group Kata'ib Hezbollah’s Central Command said a U.S. oil tanker was attacked in waters near the Kuwaiti border and is currently ablaze. The U.S. and Kuwait have not responded to the incident yet, per FX168.

March 6: Per Arkham’s monitoring, a BlackRock ETHA address has deposited 12,397 ETH (valued at $25.59 million) to a Coinbase Prime address.

On March 6, West Texas Intermediate (WTI) crude oil jumped to $85 a barrel—marking its first time at that level since April 2024—with a 7.7% intraday surge. Brent crude rose 5% in intraday trading and was last trading at $86.53 a barrel.

March 6th — Cryptocurrency trading firm QCP Capital released its latest weekly market recap, noting that while geopolitical events dominated global markets this week, the real driver of trend shifts was inflationary pressure from rising oil prices. The report noted the market initially showed typical risk-off sentiment but quickly shifted to an “inflation overlay” pattern: rising energy costs pushed up interest rate expectations, U.S. Treasuries failed to deliver their usual safe-haven appeal, the U.S. dollar stayed strong, and volatility picked up during Asian trading sessions. In crypto markets, Bitcoin held relatively steady early in the week before surging Thursday, fueled by strong spot ETF inflows and a jump in futures open interest. However, as macro volatility picked back up, those gains later pared. QCP noted the key factor to watch for markets ahead is the direction of energy prices: if oil continues climbing, interest rates may remain high, pressuring risk assets; i

March 6: Brent crude oil rose to $86 per barrel, up 4.36% intraday, per Bitget market data.

March 6 — Three officials with knowledge of the intelligence tell The Washington Post Russia is providing Iran with positioning data to target U.S. military forces in the Middle East, marking the first sign of another major U.S. adversary joining the conflict (even indirectly). (IG)