Mizuho says USDC has overtaken USDT in adjusted transaction volume YtD, marking a reversal of a trend that held from 2019 to 2025. "Adjusted" here means real-world transfers from actual people and institutions, not bot noise or wash trading. > US spot Bitcoin ETFs recorded $227.9M in net outflows on March 5, snapping a three-day positive streak led by BlackRock's IBIT. > Bitfinex noted spot buying has been "systemic," with the Coinbase premium turning positive after 40 days in negative territory. > Some analysts flagged Bitcoin's resilience during the US-Israel-Iran conflict as evidence of a growing safe-haven narrative. > QCP Capital warned that oil prices, not geopolitics, remain the key macro driver, with elevated energy costs keeping yields heavy and capping a sustained rally. > Bitcoin traded around $69,925, down 4.1% in 24 hours, with a dense long-liquidation zone near $70K and potential support retest closer to $66K.