Huoxun Finance reported on March 4th that, according to AiYi (X), a whale/institutional address (0xA9A…14573) that had previously bet on ETH withdrew 4,900 ETH from OKX near the starting point of the ETH rebound, worth approximately $9.71 million. The withdrawal price was $1,978.82 per ETH, and the current unrealized profit is approximately $457,000. Two days prior, this address had deposited 14,428 ETH into an exchange near $2,037.43, suggesting a possible sale.

According to QCPMarket analysis, the Strait of Hormuz remains closed, and missile clashes across the Gulf have tightened energy supplies. Brent crude is around $83 per barrel, and Dutch TTF natural gas rose 50% to $55. Refineries were attacked and production halted, and shipping insurance companies withdrew. The US is considering having the DFC provide insurance and is also considering naval escort. The energy shock is dragging down the AI/technology supply chain, putting pressure on South Korea, which relies on imported energy. The KOSPI has retreated 20% from its high. QCP stated that short-term volatility may continue, and if the lockdown persists, various parties may pressure for reopening. Bitcoin is more resilient than risk assets and may become a leading indicator of stabilizing sentiment.

According to Huoxun Finance, on March 4th, OKX market data shows that BTC has broken through $71,000 and is currently trading at $71,106.0 per coin, a daily increase of 5.01%.

In the past hour, total liquidations across the network reached $34.02 million, with $3.00 million from long positions, with $31.01 million from short positions. BTC liquidation $24.91 million, ETH liquidation $10.77 million.

Odaily Planet Daily reports that Eric Trump, son of Donald Trump, posted on social media this morning that "big banks," institutions that have long held monopolies and harmed customer interests, are now doing everything they can to prevent the cryptocurrency industry from offering genuine benefits, privileges, and rewards on their platforms, while offering near-zero returns on retail money market accounts and charging exorbitant fees for low-balance accounts. Eric Trump stated that these banks are the biggest hypocrites and are in a state of panic because they know they are falling behind in the digital finance race. Traditional banking is trying to prevent the crypto industry from providing users with more valuable services.