Speaker 1: Hey, it's Alex with the Token Metrics Daily Pulse for
Speaker 1: March sixth, twenty twenty six. Got a lot to cover
Speaker 1: today and honestly, the vibe in the market just shifted
Speaker 1: pretty significantly over the last twenty four hours. But first,
Speaker 1: a quick word from our sponsor. Okay, so here's what's happening.
Speaker 1: So the big headline, Bitcoin just slipped back under seventy thousand,
Speaker 1: sitting around sixty nine thousand, three hundred as we speak.
Speaker 1: It's it's a bit of a gut punch because we
Speaker 1: also saw the US economy lose ninety two thousand jobs
Speaker 1: in February. Usually bad economic news makes people bet on
Speaker 1: rate cuts, which is good for crypto, but today the
Speaker 1: market just saw a recession risk and hit the sell button.
Speaker 1: We also saw over two hundred million dollars flow out
Speaker 1: of the ETFs in a single day. That's the worst
Speaker 1: we've seen in weeks. Well. Looking at the rest of
Speaker 1: the board, it's mostly read. Ethereum and Solana are both
Speaker 1: down about five percent, with Solana hovering around eighty six dollars.
Speaker 1: The total market cap is sitting at two point four trillion.
Speaker 1: But here's the weird part. Even with the dip. The
Speaker 1: AI narrative is actually up about six percent today. It's
Speaker 1: like the only corner of the market that doesn't care
Speaker 1: about the jobs report. Makes sense. Yeah, okay, So here's
Speaker 1: the thing that actually caught me off guard today. The
Speaker 1: parent company of the New York Stock Exchange. Yeah, the
Speaker 1: big guys just invested in the crypto exchange OKX at
Speaker 1: a twenty five billion dollar valuation. Look, this is a
Speaker 1: massive signal. They aren't just playing with ETFs anymore. They're
Speaker 1: literally buying the plumbing of the offshore crypto world. It's
Speaker 1: a huge bet that the infrastructure is here to stay.
Speaker 1: And speaking of big bets, Kazakhstan's Central Bank is moving
Speaker 1: three hundred and fifty million dollars of their gold and
Speaker 1: four x reserves into digital assets. Think about that, a
Speaker 1: nation state is swapping literal gold for crypto tech. The
Speaker 1: magic Internet money joke. Yeah, that's officially dead. On the
Speaker 1: regulatory front, Jack Mallers and Strike finally got their New
Speaker 1: York bit license. If you know anything about New York,
Speaker 1: you know it's well, it's basically the final boss of
Speaker 1: crypto regulation. This opens up one of the richest states
Speaker 1: in the world to native bitcoin payments. It's a slow burn,
Speaker 1: but it's a big win for adoption. Lastly, I have
Speaker 1: to mention this Pudgy Penguins is getting sued for trademark infringement.
Speaker 1: It's a reminder that even the blue chip NFT projects
Speaker 1: aren't immune to old school legal headaches. We'll have to
Speaker 1: see how that one shakes out. All right, before we
Speaker 1: get into the risks, quick word from our sponsor. Okay,
Speaker 1: we're back. Let's talk about what to watch for. So
Speaker 1: what should you actually be worried about. First, there's the
Speaker 1: regulatory capture risk. When Wall Street starts buying the exchanges,
Speaker 1: the whole decentralized dream gets a bit complicated. Then there's
Speaker 1: the macro correlation. Bitcoin is still trading like a tech stock.
Speaker 1: When the economy looks shaky, Bitcoin drops. And finally, that
Speaker 1: ETF concentration. We're seeing that when institutional investors get spooked,
Speaker 1: they can move the price down just as fast as
Speaker 1: they moved it up. And looking ahead, keep a close
Speaker 1: eye on those ETF flows over the next forty eight hours.
Speaker 1: We need to see if that two hundred million dollar
Speaker 1: exit was a one time fluke or the start of
Speaker 1: a trend. Also, polymarket is still giving bitcoin a sixty
Speaker 1: percent chance of hitting seventy five K this month. Despite
Speaker 1: the dip, Traders are basically betting this is just a
Speaker 1: temporary stumble. By the way, if you want the full
Speaker 1: written breakdown, check out our newsletter at Pulse dot Tokenmetrics
Speaker 1: dot com. This is educational content, not investment advice. Always
Speaker 1: do your own research. I'm Alex, See you next time.