Bitcoin remained relatively resilient as tensions in Iran over the weekend drove oil above $115 and pushed global equities into a defensive posture, according to QCP Capital's latest market commentary cited by Odaily Planet Daily. Options flows show reduced concern over further sharp declines, with put skew moderating from the initial shock earlier last week, while downside protection for Bitcoin remains in place and April-expiring straddle purchases suggest traders are positioning for continued volatility instead of a one-sided move. Surging oil prices have undermined the traditional safe-haven roles of U.S. Treasuries and gold by stoking inflation worries and lifting yields, making the dollar the preferred refuge asset. For March, open interest is most heavily concentrated in the $75,000 and $125,000 Bitcoin call options, which QCP Capital views as a sign that bullish sentiment is re-emerging despite macroeconomic uncertainty, with markets also watching this week's U.S. CPI on Wednesday, jobless claims on Thursday, and Friday's core PCE and JOLTS job openings data.

On-chain data show 771 BTC valued at $51,914,683 was transferred from Coinbase Institutional to an unidentified wallet. The transaction represents a sizable Bitcoin outflow from the institutional custody platform to a destination address that has not been publicly disclosed.

Bitcoin, Ethereum and Solana spot exchange-traded funds recorded net inflows over the past week, while XRP spot ETFs posted net outflows, ETF flow data show. Bitcoin spot ETFs saw $568.45 million in net inflows, Ethereum spot ETFs attracted $23.56 million, Solana spot ETFs drew $24.05 million, and XRP spot ETFs recorded $4.09 million in net outflows.

Bitcoin has traded largely steady around $67,000 over the past week even as the Israel–Iran conflict drove oil prices above $100 per barrel, CoinDesk analysis shows. The relative stability reflects Bitcoin's close correlation with U.S. stock indices, with S&P 500 and Nasdaq futures slipping just over 3% since the conflict started on February 28, compared with a roughly 10% drop in Japan's Nikkei, a 5% decline in India's Nifty and a fall of more than 16% in South Korea's Kospi. The U.S. is a net oil exporter sourcing most of its crude from Canada and Mexico, with only 4% from Saudi Arabia, limiting its exposure to potential disruption in the Strait of Hormuz. Analysts add that the launch of spot ETFs, expectations for looser regulation after Trump's election win, and Bitcoin's earlier pullback from record highs to about $60,000 have contributed to its evolution into a quasi-U.S. risk asset and eased short-term selling pressure.

Bitcoin traded above $68,000 on March 9, changing hands at $68,028.46 with a 1.15% gain over 24 hours, market data show. Ethereum moved above $2,000 to $2,012.72, up 3.55% in the same period, ChainThink reported.

Strategy intends to raise $300 million in the coming weeks by selling its STRC preferred shares to fund additional Bitcoin purchases, Cointelegraph reports as cited by ChainThink. STRC, introduced in July 2025 as an income-generating financing instrument with a variable monthly yield currently annualized at 11.50%, has enabled the company to build a Bitcoin position valued at about $50 billion while keeping the security's market price close to its $100 par value.

Bitcoin spot exchange-traded funds (ETFs) recorded net inflows of $568 million from March 2 to March 6, while Ethereum spot ETFs saw inflows of $23.56 million and Solana (SOL) spot ETFs attracted $24.05 million, according to data from Sosovalue cited by Wu Blockchain. Over the same period, XRP spot ETFs registered net outflows of $4.0855 million, the data showed.

Bitcoin spot ETFs posted a combined net inflow of $568 million for the week ending March 6, with BlackRock's IBIT leading at $660 million in weekly inflows and cumulative net inflows of $62.47 billion, SoSoValue data cited by Odaily Planet Daily show. Grayscale's Bitcoin Mini Trust (BTC) recorded $45.89 million in net inflows for the week and $2.17 billion cumulatively, while Fidelity's FBTC saw the largest weekly outflow at $153 million but maintains $10.84 billion in total net inflows. As of publication, spot Bitcoin ETFs collectively hold $87.07 billion in total net assets, with an ETF net asset ratio of 6.39% and aggregate net inflows since inception of $55.37 billion.

Trader pensionusdt.eth opened a 3x leveraged long position on 1,000 BTC worth $67.26 million two hours ago, Lookonchain data show. The position currently shows an unrealized profit of $970,000. Since March 1, the trader has completed 10 consecutive winning trades with no losses, generating a cumulative profit of $27.22 million and posting an 85% win rate.