Capital Flow

Bitcoin Treasury Company Strategy Director Chaitanya Jain revealed that in the first two months of 2026, approximately $4.3 billion was invested to purchase 48,000 Bitcoins, far exceeding the $300 million spent in all of 2022. Jain stated that this large-scale institutional buying will change the structure of the Bitcoin market.

Gate News bot message, Ethereum co-founder Jeffrey Wilcke deposited 79,859 ETH valued at $158.31 million into centralized exchanges over the past 9 hours. Wilcke currently holds 16,037 ETH worth $31.66 million.

The stablecoin economy is once again scaling new heights, pushing past the $313 billion mark this weekend. Metrics from defillama.com show that Sky’s USDS posted the biggest percentage jump among the top ten fiat-pegged coins, climbing 8.5% over the last seven days. Stablecoin Sector Climbs

Bitcoin ETFs experienced a significant withdrawal of $348 million amid declining institutional demand, reflecting a bearish sentiment in the market. Despite these outflows, BlackRock's ETF maintained its dominance.

Gate News Report, on March 7th, on-chain analyst Ai Yi detected that ETH co-founder Jeffrey Wilcke transferred 79,258.61 ETH to a certain CEX from 4 addresses five minutes ago, worth $157 million. This address has been active again after 7 months. Currently, this address still holds 27,421.73 ETH, with a total value of $54.37 million.

Gate News Report, March 7, according to Farside monitoring data, U.S. Ethereum spot ETF has experienced a net outflow of $23.5 million this week.

Cardano (ADA) has seen significant trading activity recently, with a drop in price from $0.2682 to $0.2590 amid rising selling pressure and global tensions. Increased selling and market sentiment could challenge ADA's stability, but recent adoption efforts may support recovery if trading volumes rise.

According to on-chain analyst Yu Yan's monitoring, the lending platform Spark transferred 570,000 USDS to a new multi-signature wallet on March 5th, initiating the SPK token buyback. They have already repurchased 1.84 million SPK tokens, worth approximately $36,000. This buyback plan is expected to last 12 months, with 10% of funds each month allocated for repurchasing.

SKY rose 10% after the network cut staking emissions and continued buybacks, tightening supply across the market. Sky expanded the USDS credit infrastructure as lower token issuance and steady buybacks supported bullish market momentum. SKY, the governance token of the DeFi protocol

According to SoSoValue data, the US SOL spot ETF experienced a net outflow of $8,225,500 on March 6, with the Invesco Galaxy Solana ETF recording a net inflow of $426,900, and the Fidelity Solana Fund ETF recording a net outflow of $4,997,400. Currently, the total net asset value of SOL spot ETFs is $807 million.

On March 6th, XRP spot ETF experienced a net outflow of $16,619,100. Among them, the 21Shares XRP ETF had a net outflow of $10,601,400. The total net asset value of XRP spot ETFs currently stands at $983 million.

This week, the US Bitcoin spot ETF saw a net inflow of $568 million, mainly from BlackRock's IBIT and several other funds, while Fidelity's FBTC and Grayscale's GBTC experienced net outflows.

Ethereum is about to undergo a major upgrade, and the market is highly focused on it. However, short-selling firm Culper Research believes that the Ethereum economic model is failing and warns of a potential "death spiral." They point out that a significant drop in transaction fees and shrinking staking rewards will impact network security. The report also mentions Vitalik Buterin selling Ethereum and questions the market fundamentals, suggesting that Ethereum is facing a new reality.

On March 6th, Ethereum spot ETFs experienced a total net outflow of $82.8519 million, with all nine ETFs showing no net inflow. Fidelity FETH outflowed $67.5669 million, with a historical outflow reaching $218 million. Grayscale ETH Mini Trust outflowed $5.9979 million, with a total net asset value of $11.283 billion.

On March 6th, Bitcoin spot ETFs experienced a total net outflow of $349 million, with Fidelity ETF FBTC net outflows of $159 million and BlackRock ETF IBIT net outflows of $143 million. The current total net asset value of Bitcoin spot ETFs is $87.075 billion.

Cryptocurrency market analyst Axel pointed out that in early March, Bitcoin saw an outflow of 47,700 coins within a week, reaching a nearly one-year high, especially on March 4th with an outflow of 31,900 coins, mainly related to large holders transferring to cold wallets. Meanwhile, stablecoins experienced a shift from net inflow to net outflow, reflecting a closed-loop of capital operations.

On March 6th, XRP spot ETF experienced a net outflow of $16.6191 million, including a $10.6014 million outflow from the 21Shares XRP ETF and a $3.6484 million outflow from the Bitwise XRP ETF. The current total net asset value of XRP spot ETFs is $983 million, with a historical total net inflow of $1.236 billion.

On March 6th, the US SOL spot ETF experienced a net outflow of $8.2255 million, with the Invesco Galaxy Solana ETF seeing a net inflow of $426,900, while the Fidelity Solana Fund ETF had a net outflow of $4.9974 million. The total net asset value is $807 million, with a historical cumulative net inflow of $958 million.

Gate News Report, March 7 — On X platform, on-chain analytics platform Arkham announced that a suspected address linked to Sun Yuchen recently deposited $250 million into sUSDS. Currently, the total sUSDS tokens held by this address have exceeded $880 million, and it is estimated that this address can earn approximately $35 million annually.