On March 6, on-chain data provider Santiment reported that the number of Bitcoin non-empty wallets has surged to an all-time high of 58.45 million, up about 1.69 million in the last six months. Over the same period, BTC reserves on exchanges have dropped to roughly 1.17 million coins, the lowest level since December 2017. Bitcoin was trading around $69,973.03 at press time, after a 3.4% daily decline but a 5.9% gain over the previous week.

On March 6, wallets attributed to trading firm Jane Street transferred a combined 270 BTC, valued at roughly $19 million, to the exchanges Bullish.com and LMAX Digital. The series of moves, recorded within about two hours, has drawn interest from market watchers because such large flows can precede institutional trading activity, even though the specific intent remains uncertain.

Russia's central bank is working on rules that would let domestic banks and brokerage firms operate cryptocurrency exchanges under their existing licenses. Central Bank Governor Elvira Nabiullina outlined the plan at a meeting with lending institutions, where she said firms could enter the market via a notification procedure and face a 1% capital limit on crypto activities. The proposal is part of a broader digital asset framework that treats crypto and stablecoins as financial assets while keeping them banned as a means of payment.

An Ethereum trader using wallet 0xC45A realized roughly $991,000 in profit by buying and selling 3,000 ETH between late February and early March. The wallet withdrew the ETH from Binance around February 24 at about $1,853 per coin and sent it back to the exchange when the price climbed above $2,180, capitalizing on a rebound in the ETH market.

XRP exchange-traded funds have accumulated about $1.1 billion in assets and more than 800 million XRP in custody while the token trades around the mid-$1 range. At the same time, new initiatives on the XRP Ledger include a Tokyo-based trade finance platform and an institutional wrapped XRP yield collaboration. These developments point to expanding payment, custody, and yield infrastructure built around XRP.

Bitcoin's long-term price pattern, based on a nine-year rising channel, remains intact and now points to a key support region near $60,000. A chart shared on March 4 by Trader Tardigrade shows BTC repeatedly moving between the channel's boundaries since 2017, with past rebounds from the lower band leading to strong rallies. With Bitcoin recently trading around $71,368.32 and already pushing above the channel again, the model sketches a potential overshoot range between about $170,000 and $600,000, though such projections rely on historical behavior and are not guaranteed.

On March 4, cryptocurrency analyst Matthew Hyland said the digital asset market may be close to entering its most powerful growth phase. He expects crypto could transition into a two to three year expansion within eight months, as several macro and on-chain indicators line up with the 2019–2020 pre-bull market environment. Hyland points to altcoin dominance, the ETH/BTC ratio, the U.S. dollar index and other cross-asset signals as evidence that conditions may be shifting back in favor of digital assets.

Ethereum (ETH) is preparing the ‘Glamsterdam’ upgrade, which Vitalik Buterin detailed in a March 2 post, introducing ePBS (enshrined Proposer-Builder Separation) to curb block builder centralization. The roadmap also features FOCIL for multi-party transaction inclusion, encrypted mempools to mitigate toxic MEV, and longer-term ideas for more distributed block construction inspired by systems like BitTorrent.

On February 27, on-chain data firm Santiment reported a sharp increase in $100,000-plus whale transfers on Bitcoin, Ethereum, Tether, and XRP networks ahead of the March 1 internal U.S. deadline linked to Clarity Act negotiations. Large holders appear to be repositioning around this potential regulatory turning point, which analysts say could trigger significant volatility regardless of how the legislation progresses.