Crypto Daily Report #加密市场观察 03.04 (: Lightning Network Integration Accelerates, Geopolitical Conflicts Trigger BTC Safe-Haven Fluctuations, Futures Demand Cools but Spot Resilience Remains

1. Cake Wallet App Upgrade (Integrating Bitcoin Lightning Network and Supporting Self-Custody)
1 Cake Wallet announces integration of Bitcoin Lightning Network, supporting self-custody without third-party escrow or channel management, enabling easy use through Breez SDK and Spark technology.
2 New features include privacy protection technologies like Silent Payments and PayJoin, customizable Lightning addresses, support for social payments (Birdpay), and real-world commerce (Cake Pay).
3 Achieves seamless conversion between Lightning Network and on-chain Bitcoin, allowing users to convert Lightning balances to USDT and other stablecoins at any time, enhancing payment flexibility.
2. Impact of Geopolitical Events on Cryptocurrency Markets
1 Escalation of Middle East geopolitical tensions (such as US-Israel coalition airstrikes on Iran) triggers market safe-haven sentiment, leading to an overall decline in crypto markets, with prices of BTC, ETH, XRP, etc., falling (BTC from $68,000 to $66,127).
2 Meanwhile, geopolitical shocks drive safe-haven capital into Bitcoin, causing its price to surge from $65,550 to $69,738, reflecting short-term safe-haven properties, with a 24-hour increase of 6.39%.
3 Oil and gold prices rise due to supply concerns, contrasting with the crypto market, indicating capital flow into traditional safe assets, while Bitcoin’s volatility highlights its dual role as a short-term speculative and safe-haven asset.
3. Bitcoin Futures Market Dynamics (Demand and Institutional Participation Analysis)
1 Bitcoin futures demand drops to its lowest point in 2024, with open interest on major exchanges falling to $32 billion, down 20% from last month, indicating a cooling of short-term institutional risk appetite.
2 Despite the cooling in futures, spot market resilience persists: listed companies (such as MSTR, MARA, etc.) hold over $79 billion in BTC, and ETF average daily trading volume exceeds $3 billion, showing long-term institutional demand remains unchanged.
3 Options market shows mild put-call spreads (0.7), CME futures open interest remains at $7.5 billion, indicating selective institutional participation without full withdrawal, resulting in a market with “strong spot, weak futures” divergence.
4. Short-term Bitcoin Price Fluctuations (Breaking 69,000 USDT)
1 On March 3, 2026, Bitcoin price broke through the 69,000 USDT threshold, reaching 69,069.99 USDT, with a 4.53% increase within 24 hours, hitting a recent high.
2 The breakout was accompanied by a surge in trading volume (171.23%), with technical indicators showing bullish alignment (MA5/MA10/MA20/MA50 rising), Bollinger Bands at upper band, short-term overbought but institutional funds entering to sustain momentum.
5. Policy/Personality Remarks (Trump on the Importance of the Bitcoin Industry)
U.S. President Trump publicly stated that “Bitcoin is a huge industry,” emphasizing its significance. His remarks have sparked market attention on cryptocurrency regulation and industry status. Such comments may influence market sentiment, boost Bitcoin’s recognition as an asset class, especially when mentioned in policy discussions, potentially boosting market confidence in the short term.