Data: 147.59 WBTC transferred from an anonymous address, valued at approximately $10.31 million.

Bitcoin briefly surged past $70,000 before falling back! Iran's capital outflow surged by 700%, VanEck calls it "building a bottom"

Bitcoin plunged and then rebounded after the US and Israel airstrikes on Iran, reaching a high of $70,110, currently around $68,500. Capital outflows from Iran's largest crypto exchange Nobitex surged by 700%, indicating that cryptocurrencies are becoming a channel for capital flight. VanEck's CEO believes the market is in a bottoming phase and remains optimistic about the future. Meanwhile, JPMorgan's Dimon warns of inflation risks, showing that geopolitical uncertainties continue to impact the market.

Gate Daily (March 3): MicroStrategy buys 3,015 Bitcoins on dips; Nasdaq enters prediction market

Bitcoin has recently rebounded strongly, reaching $68,990, with MicroStrategy increasing its Bitcoin holdings to over 720,000 coins. Nasdaq plans to launch binary options contracts to enter the prediction market. Additionally, the market is affected by tensions between the US and Iran, with investor sentiment leaning towards caution. Future data, including economic indicators from the Eurozone and the United States, will become the focus of attention.

Iran airstrikes trigger 700% outflow of cryptocurrencies, internet blackout suppresses capital flight

After the United States and Israel launched airstrikes on Iran, the assets withdrawal volume of Iran's largest cryptocurrency exchange Nobitex surged by 700%, with the highest single-hour outflow approaching $3 million. However, due to strict internet blockades, the outflow quickly declined. Two major forensic agencies have differing opinions on the reason for the capital outflow: Elliptic considers it a sign of capital flight, while TRM Labs believes it is a blockade effect causing market activity to stagnate. The Iranian public has long relied on cryptocurrencies to cope with financial sanctions and banking system crises.

Bitcoin ETFs See Daily Outflow of $35.9M While Solana ETFs Continue Weekly Growth

Gate News bot message, according to the March 2 update, Bitcoin ETFs recorded a 1-day net outflow of 548 BTC (-$35.9M), while maintaining a 7-day net inflow of 11,213 BTC (+$734.4M). Ethereum ETFs showed a 1-day net outflow of 12,307 ETH (-$23.75M), with a 7-day net inflow of 36,108 ETH (+$69.69M)

What else do we know besides the stablecoin market capitalization exceeding $300 billion?

The supply of stablecoins has surpassed $300 billion, with high market concentration, but second-tier stablecoins are rapidly emerging. Centralized exchanges hold large amounts of stablecoins, and liquidity activity indicates they are primarily used for market infrastructure rather than payments. The circulation speed varies across chains, revealing different uses and roles.

ETH 15-minute sharp decline of 1.23%: leveraged long liquidations and on-chain capital outflows resonate, intensifying volatility

From 17:30 to 17:45 on March 2, 2026 (UTC), the price of ETH dropped rapidly from 2058.07 USDT to 2026.2 USDT, with a short-term return of -1.23% and an amplitude of 1.55%. Short-term volatility significantly increased, market attention rose, and liquidity became tight. The main driver of this abnormal movement was the liquidation of leveraged long positions, with some contract longs triggering stop-loss orders, causing the price on the order book to plummet rapidly. Additionally, the key daily support zone was quickly broken, accelerating the technical decline, leading to