Bitcoin spot ETFs saw combined net outflows of $349 million on March 6 (ET), with Fidelity's FBTC posting the largest single-day outflow of $159 million and bringing its cumulative net outflow to $153 million. Ethereum spot ETFs recorded total net outflows of $82.85 million the same day. Fidelity's FETH logged the largest single-day outflow at $67.57 million, raising its cumulative net outflow to $218 million.

Bitcoin is poised to close its first weekly gain after six consecutive weeks of losses, rising more than 7% as traders focus on the $70,000 level, AMBCrypto reports. On derivatives markets, nearly $4 billion in new leveraged positions have been added, with Open Interest up 7% to $46.8 billion, while one analyst noted long positions are increasing even as the Long/Short Ratio turned negative, suggesting short bias around potential resistance. Capital flows into BTC ETFs turned negative again after more than $1 billion in inflows over the previous three days, but on-chain data show BlackRock accumulated a net 4,172 BTC (about $303 million) since Feb. 24, bringing total net BTC inflows to $1.58 billion. Analysts cited by AMBCrypto note Bitcoin has entered a historical fear zone that preceded parabolic rallies such as post-FTX and during the COVID crisis, and if current positioning around $70,000 persists, conditions may support a move through resistance.

Bitcoin spot exchange-traded funds posted a combined net outflow of $349 million on March 6 (Eastern Time), SoSoValue data show. Fidelity's FBTC recorded the largest single-day outflow at $159 million, bringing its cumulative net outflow to $153 million, while BlackRock's IBIT saw a single-day outflow of $143 million and holds $660 million in total net inflows. As of publication, spot Bitcoin ETF net assets stand at $87.075 billion, representing 6.39% of Bitcoin's market capitalization, with cumulative net inflows reaching $55.369 billion.

Bitcoin recorded net outflows of 47,700 BTC from centralized exchanges over the past seven days, the largest weekly outflow in nearly a year, data cited by analyst Axel show. Daily net outflows were 2,867, 1,205, 251, 6,129, 1,819, 31,900, and 3,478 BTC, with March 4 seeing the biggest single-day move of 31,900 BTC leaving exchanges, a size Axel said is typically seen when large holders transfer coins to cold wallets, though some flows may reflect internal transfers at custodial institutions. Axel added that sustained exchange outflows generally point to lighter spot selling pressure and said if net outflows persist for another 35 days without a notable uptick in inflows, it could validate a "sustained accumulation" signal. Stablecoin data show an early-March net inflow of about $1.1 billion followed by a quick swing to net outflows with the latest reading at $37.5 million, and Axel argued the combination of this stablecoin inflow and the sharp March 4 Bitcoin outflow suggests funds entered exchanges as stablecoins, were swapped for BTC, and then withdrawn onchain as a pattern of large-scale spot buying.

An unknown address transferred 899 BTC valued at $61,316,715 to Ceffu, on-chain data show. The transaction moved directly from the unidentified wallet to a Ceffu-linked address.

Bitcoin recorded net outflows of 47,700 BTC from centralized exchanges in the seven days to March 7, the largest weekly outflow in nearly a year, cryptocurrency market analyst Axel said, cited by ChainThink. Daily net outflows between Feb. 27 and March 5 were 2,867, 1,205, 251, 6,129, 1,819, 31,900 and 3,478 BTC, with the most notable move on March 4 when 31,900 BTC left exchanges; Axel noted that such sizeable daily outflows are usually linked to large holders moving coins to cold wallets, though they can also reflect internal transfers at custodial institutions. Sustained net outflows from trading platforms typically signal reduced spot selling pressure, and if this pattern persists for another 3–5 days without substantial inflows, it could be confirmed as a sign of "sustained accumulation," Axel said. Axel pointed to stablecoin data showing an early-March net inflow of about $1.1 billion, followed by a rapid swing to net outflows with the current level at $37.5 million, together with the March 4 Bitcoin outflow, suggesting a full cycle in which funds entered exchanges as stablecoins, were converted into BTC and then withdrawn on-chain, a pattern Axel described as characteristic of large-scale spot buying.

Bitcoin slipped below $70,000 briefly in the past 24 hours after retreating roughly 3.7% from earlier levels near $74,000, CoinDesk data show. Analysts attribute the pullback largely to profit-taking by short-term traders realizing gains from the recent rally, while derivatives indicators show bearish positioning with significantly negative funding rates as traders pay to maintain short positions. Spot demand remains supported, with stablecoin inflows to exchanges reaching their highest level since 2026 and spot Bitcoin ETF flows turning net positive, creating a split where institutional buyers continue accumulating while derivatives traders add shorts—a mix that has historically preceded short squeezes, though no outcome is assured.

Bitcoin's rebound toward $74,050 on Thursday triggered notable selling from short-term holders, who transferred more than 27,000 BTC in profit to exchanges over the past 24 hours, CryptoQuant contributor Darkfost said. On-chain data show recent buyers who accumulated Bitcoin between one week and one month ago, with a realized price near $68,000, are taking gains as prices revisit the low $70,000 range instead of holding through the recovery. Darkfost described short-term holders as highly reactive and emotionally driven, saying current news flow and short-term macroeconomic projections help explain this profit-taking behavior that now represents selling pressure to watch. A separate market structure analysis by CryptoQuant contributor Maartunn noted that brief moves above $71,000 have repeatedly been sold off in recent months, with the latest deviation fitting a pattern of short-lived breakouts followed by sharp declines; Bitcoin was trading at $70,127 at press time.

Hyperscale Data, listed on NYSE American, disclosed on March 7 that its Bitcoin treasury reached 610.9188 BTC with an estimated market value of about $40 million, PR Newswire reports. The company's wholly owned subsidiary Sentinum holds 564.7252 BTC, including roughly 440.2341 BTC bought on the open market and about 124.4912 BTC generated from Bitcoin mining, while subsidiary ACG has accumulated around 46.1935 BTC through open-market purchases. Hyperscale Data said it is targeting an increase in the value of Bitcoin recorded on its balance sheet to $100 million.