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On March 7, Santiment reported that after the price of bitcoin broke through $70,000 and reached $74,000, whales holding between 10 and 10,000 bitcoins have sold about 66% of their recent purchases, while retail investors holding less than 0.01 bitcoin have continued to increase their positions. Santiment stated that when retail investors are buying and whales are selling, it usually indicates that the market correction is not yet over.

PANews, March 7th – The Web3 Foundation has announced a strategic adjustment to return to its core mission, focusing on Web3 promotion and resource management, supporting community, governance, and technical infrastructure, as well as placing greater emphasis on long-term vision and resource management. Based on this strategic adjustment, the Web3 Foundation will transfer several projects and initiatives, including the JAM Prize, Polkadot governance support, Polkadot Wiki, knowledge base, Kusama Vision, and developer documentation, to other teams and organizations to ensure long-term impact and healthy ecosystem development.

 after Bitcoin surged to $74,000 on Wednesday, it fell about 3.4% to around $68,000 on Saturday, continuing the recent weekend sell-off pattern within a narrow trading range. Despite the pullback, the main cryptocurrency still rose slightly this week, even though a strong US dollar and market expectations of a delayed Fed rate cut put pressure on risk assets. According to Glassnode data, about 43% of Bitcoin supply is at a loss, causing selling pressure during the rally; meanwhile, stablecoin inflows have surged, indicating idle funds waiting to enter the market, which may re-enter amid ongoing tensions in the Middle East.