Speaker 1: Hey, it's Alex with the Token Metrics Daily Pulse from
Speaker 1: March eighth, twenty twenty six. Got a lot to cover today,
Speaker 1: and honestly, the vibe in the market right now is well,
Speaker 1: it's complicated, Grab your coffee and let's get into it.
Speaker 1: But first a quick word from our sponsor. Okay, So
Speaker 1: here's what's happening. So the big headline today is a
Speaker 1: bit of a tug of war. On one hand, Bitcoin
Speaker 1: ETFs just saw their second straight week of inflows, which
Speaker 1: hasn't happened in five months. That's a big deal for
Speaker 1: institutional sentiment. But and this is the part that'll keep
Speaker 1: you up at night, the whales are actually selling into
Speaker 1: this while the ETFs are buying. The big wallets are
Speaker 1: dumping their bags on retail. Oh and Binance just dodged
Speaker 1: a massive bullet in court. A judge tossed out that
Speaker 1: terrorism lawsuit against them. It's a lot to unpack. Now
Speaker 1: here's where it gets interesting, or maybe just a little scary.
Speaker 1: Markets were pretty quiet to In terms of price. Bitcoin
Speaker 1: is basically flat around sixty a k, and ethereum is
Speaker 1: hovering just under two thousand. But the sentiment, it's in
Speaker 1: the basement. The Fear and Greed index is sitting at twelve.
Speaker 1: That is extreme fear. Usually when everyone is this terrified,
Speaker 1: you start looking for a bottom, but with the whale selling,
Speaker 1: we're not there yet. On the bright side, the AI
Speaker 1: sector is actually having a moment. It's up about seven
Speaker 1: percent in mind share this week, while everything else is
Speaker 1: just bleeding. Okay, so here's the bigger picture. On those
Speaker 1: ETF flows. Two weeks of green is great, but we
Speaker 1: need to see if this is actual new money or
Speaker 1: just some big funds rebalancing their books. If we get
Speaker 1: a third week of inflows and bitcoin stays above sixty
Speaker 1: eight K, then the institutional bid is officially back. But look,
Speaker 1: we have to talk about Washington. Lawmakers are pushing for
Speaker 1: a permanent block on a federal reserve digital dollar. They
Speaker 1: aren't just asking for a pause anymore. They want to
Speaker 1: kill the idea of a CBDC entirely. This is actually
Speaker 1: incredibly bullish for stable coins. If the government can't build
Speaker 1: a digital dollar, the private market wins by default. Speaking
Speaker 1: of the government, coinbase is not happy. They're slamming the
Speaker 1: new IRS tax reporting rules, calling them cluttered and confusing.
Speaker 1: It's actually a pretty big deal. If these rules stay
Speaker 1: as they are, the compliance headache for US traders is
Speaker 1: going to be a nightmare. It might even push more
Speaker 1: volume offshore. And one more thing, that Binance ruling. The
Speaker 1: judge basically said that just because Binance had bad compliance,
Speaker 1: you can't legally blame them for specific global tragedies. It's
Speaker 1: a huge relief for the exchange, though the plaintiffs can
Speaker 1: still try to refile with better evidence. For now, though,
Speaker 1: Binance lives to fight another day. 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? Here's the thing.
Speaker 1: The risk map is flashing red in a few spots.
Speaker 1: First that whale distribution. When the smart money is using
Speaker 1: retail as an exit door, it usually means the floor
Speaker 1: hasn't been found yet. Second that fear and greed score
Speaker 1: of twelve it's heavy. And finally the IRS. If those
Speaker 1: new tax forms make it too hard to trade in
Speaker 1: the use, we're going to see a lot of liquidity.
Speaker 1: Just vanish and looking ahead. Keep your eyes on three things.
Speaker 1: We're watching for. Any IRS revisions to those tax rules
Speaker 1: that would be a huge relief. We're also tracking the
Speaker 1: thirty day window for that finance lawsuit to be refiled,
Speaker 1: and of course watch the ETF flows this Friday if
Speaker 1: they flip negative. This whole bounce was just a fake out.
Speaker 1: Well that's the pulse for today. By the way, if
Speaker 1: you want the full written breakdown, check out newsletter at
Speaker 1: pauls dot tokenmetrics dot com. This is educational content, not
Speaker 1: investment advice. Always do your own research. I'm Alex, See
Speaker 1: you next time.