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<v Speaker 1>Hey, it's Alex with the Token Metrics daily Pulse from

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<v Speaker 1>March fourteenth, twenty twenty six. Got a lot to cover today,

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<v Speaker 1>and honestly, the macro backdrop is getting pretty intense. But first,

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<v Speaker 1>a quick word from our sponsor. Okay, so here's what's happening.

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<v Speaker 1>So here's the thing. Bitcoin is holding around seventy one

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<v Speaker 1>thousand dollars even as the world feels like it's catching fire.

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<v Speaker 1>We've got Trump warning about strikes on Iran's oil fields,

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<v Speaker 1>and oil itself is knocking on the door of one

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<v Speaker 1>hundred bucks. Usually that's a sell everything signal for risk assets,

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<v Speaker 1>but Bitcoin, it's only down a few percent. It's actually

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<v Speaker 1>acting like a safe haven. If oil keeps spiking, the

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<v Speaker 1>Fed's planned to cut rates on March eighteenth gets way

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<v Speaker 1>more complicated. The irony here is that the very thing

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<v Speaker 1>that should be hurting bitcoin might be the thing that

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<v Speaker 1>proves why we need it. Now here's where it gets interesting.

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<v Speaker 1>The broader market is definitely feeling the heat more than

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<v Speaker 1>Bitcoin is. Total market cap is down about three percent,

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<v Speaker 1>and Solana took a bigger hit, down over four percent. Today,

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<v Speaker 1>Bitcoin dominance is actually climbing to nearly fifty seven percent.

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<v Speaker 1>That tells me this isn't a get out of crypto move,

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<v Speaker 1>it's a get into the safe stuff move within the ecosystem.

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<v Speaker 1>People are rotating out of alts and into the king.

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<v Speaker 1>It's a classic risk off play just happening inside the

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<v Speaker 1>digital asset space. Okay, so let's look at the institutional side,

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<v Speaker 1>because this is wild spot. Bitcoin ETFs just hit a

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<v Speaker 1>five day inflow streak. That's the first time we've seen

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<v Speaker 1>that all year. Think about that, while the headlines are

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<v Speaker 1>screaming about oil and war, the big money is quietly

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<v Speaker 1>buying the dip through regulated ETFs. It's not panic, it's accumulation.

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<v Speaker 1>And speaking of big money, circle just leapfrog black Rock

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<v Speaker 1>in tokenized treasuries. Yeah you heard that right. A stable

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<v Speaker 1>coin company is eating the world's largest asset manager at

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<v Speaker 1>their own game. The total market for these on chain

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<v Speaker 1>treasuries just hit eleven billion dollars. It's still small compared

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<v Speaker 1>to the global market, but the growth is massive. Then

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<v Speaker 1>there's the XARP ledger. This one, okay, this one caught

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<v Speaker 1>me off guard. Daily payments hit nearly three million, and

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<v Speaker 1>tokenized assets on the chain jumped thirty five percent in

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<v Speaker 1>a month. But the price of XRP it's down over

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<v Speaker 1>twenty five percent this year. It's a total disconnect between

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<v Speaker 1>how much the network is being used and what the

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<v Speaker 1>token is actually worth. It makes you wonder if the

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<v Speaker 1>people using the network even need to hold the token

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<v Speaker 1>at all. Lastly, keep an eye on USDC. Its market

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<v Speaker 1>cap is closing in on eighty billion dollars. A lot

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<v Speaker 1>of that is apparently capital flight from the UAE, when

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<v Speaker 1>wealthy folks in oil rich countries start moving money into

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<v Speaker 1>digital dollars instead of bank accounts. While that's a huge

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<v Speaker 1>signal that stable coins are winning the true trust war.

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<v Speaker 1>All right, before we get into the risks, quick word

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<v Speaker 1>from our sponsor. Okay, we're back. Let's talk about what

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<v Speaker 1>to watch for. So what should you actually be worried about. Well,

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<v Speaker 1>the geopolitical wildcard is the big one. If oil crosses

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<v Speaker 1>one hundred dollars, it resets the inflation clock. The Fed

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<v Speaker 1>meets in a few days, and if they turn hawkish

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<v Speaker 1>because of energy prices, this etf inflow street could evaporate overnight. Also,

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<v Speaker 1>with bitcoin dominance, rising, outs are looking pretty vulnerable if

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<v Speaker 1>bitcoin doesn't lead a recovery soon. The alt season narrative

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<v Speaker 1>is basically on life support and looking ahead. All eyes

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<v Speaker 1>are on March eighteenth. That FED decision is everything. We're

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<v Speaker 1>also watching that eleven billion dollar threshold for tokenized treasuries

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<v Speaker 1>to see if Circle can keep its lead, and obviously

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<v Speaker 1>keep a very close watch on the news out of Iran.

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<v Speaker 1>Any actual strikes on oil infrastructure will move these markets

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<v Speaker 1>faster than any chart pattern ever could. By the way,

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<v Speaker 1>if you want the full written breakdown, check out our

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<v Speaker 1>newsletter at tokenmetrics dot com. This is educational content, not

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<v Speaker 1>investment advice. Always do your own research. I'm Alex, See

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<v Speaker 1>you next time.