Data: Web3 social application Towns has over 400,000 total users, with over 200,000 token holders

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.

On March 7, cryptocurrency market analyst Axel reported that Bitcoin has seen net outflows from exchanges over the past seven days, totaling 47,700 BTC—marking a new annual high for single-week outflows. Between February 27 and March 5, daily net Bitcoin outflows were: -2,867, -1,205, -251, -6,129, -1,819, -31,900, and -3,478 BTC. The largest single-day move was on March 4, with 31,900 BTC flowing out—typically linked to large entities transferring to cold wallets, and potentially reflecting institutional internal transfers. Sustained net outflows from exchanges typically signal weakening selling pressure in the spot market. If Bitcoin continues to see net outflows over the next 3-5 days without significant inflows, this will confirm a "sustained accumulation" signal. Additionally, the annual stablecoin net flow chart shows a large net inflow of roughly $1.1 billion in early March, which quickly reversed to net outflows; the current reading stands at -$37.5 million. Axel no

March 7 – Per the Financial Times, citing anonymous sources, cryptocurrency trading and lending firm BlockFills has sought restructuring advice from consulting firm BRG. After pausing withdrawals, BlockFills has named BRG’s Mark Renzi as its Chief Transformation Officer. The company’s new leadership aims to complete the restructuring, inject fresh capital, and implement new governance and financial controls.