Bitcoin Price Crash, Aramco Refinery Saudi Arabia Attack, Iran War, Natanz Nuclear Facility Hit

Crypto trader Machi Big Brother has reportedly suffered massive losses after repeatedly leveraging long positions on Ethereum since September, when ETH traded near $4,700. Over the past six months, his losses have reached roughly $74 million. On-chain data indicates he now has only about $8.5K remaining in his Hyperliquid (HL) account, suggesting the high-risk strategy has nearly exhausted his trading capital.

Crypto-related hacks and scams totaled $26.5 million in February, according to PeckShield. The figure represents a sharp 69.2% drop from January’s $86 million in losses. Only 15 security incidents were recorded during the month, signaling a quieter period for the sector. However, the data shows risk remains concentrated, with just two major exploits responsible for the majority of February’s total losses.

Gold and silver prices are surging after Iran reportedly struck a Saudi Aramco oil refinery, boosting safe-haven demand. Gold has reclaimed the $5,400 level, rising 2.22% and adding roughly $1 trillion in market value over the past six hours. Silver also rallied strongly to $96, up 4.32% and gaining about $250 billion in the same period. Gold now sits just 3.20% away from a new all-time high, with markets closely watching for continued upside momentum.

Despite a 47% drawdown on a daily closing basis, Bitcoin remains far from the extreme declines seen in earlier cycles. The deepest bear market occurred in 2012, when Bitcoin plunged more than 90%. Even so, some critics are already declaring Bitcoin “dead.” Historically, however, each bear cycle has shown slightly less severe drawdowns. If this long-term pattern continues, analysts suggest the current cycle could eventually see a decline in the 60%–70% range rather than the extreme losses of the past.

Bitcoin pulled back from its Asian session highs, falling below $66,000 after briefly nearing $67,000. The decline came as risk sentiment weakened following reports that Iran stepped up attacks in the Middle East, including a strike on a Saudi oil refinery.U.S. stock futures also turned lower, with S&P 500 E-mini futures dropping 1.4% to 6,790 after earlier gains. Meanwhile, oil prices surged more than 7% globally, reflecting rising geopolitical risk and adding pressure to broader markets.

Gold prices have jumped back above $5,400 per ounce, marking a sharp rebound of about 23% over the past month. The rally accelerated Monday as heightened geopolitical tensions increased global economic uncertainty and boosted safe-haven demand. Analysts note that another 3.3% gain would push gold to a fresh all-time high. If prices manage to hold above the $5,400 level for the next three trading sessions, it could confirm the formation of a new upward trend channel and signal continued bullish momentum.

Potential short liquidations above $69,000 for Bitcoin could help drive momentum toward another test of the $70,000 resistance level. However, if the price starts to move lower, a cluster of long liquidations sits near $62,500. Traders are watching these levels closely, as liquidation cascades on either side could accelerate the next major move in the market.

Security firm CertiK has reported a new exploit involving Inverse Finance. According to the alert, the attacker used roughly $30 million in flash-loaned funds to manipulate the protocol’s sDOLA balance.The move allowed the exploiter to liquidate 27 users’ sDOLA-collateralized positions, generating an estimated profit of about $240,000. The incident highlights ongoing risks tied to flash-loan attacks in the DeFi ecosystem, with users urged to monitor developments closely.

Crypto markets ended the week mixed as geopolitical tensions kept investors cautious. Bitcoin closed at $65,776, down 2.76% weekly but rebounded strongly from an intraday low of $63,030. Ethereum fell 0.93% to $1,939 despite record staking of 37.1 million ETH and lower exchange supply.XRP dropped 2.93% to $1.352, tracking broader market weakness. Solana bucked the trend, rising 0.98% to $83.60 on strong developer and on-chain activity. The total crypto market cap declined 1.87% to $2.25 trillion, while Bitcoin dominance eased to 58.50%. Meanwhile, U.S. spot Bitcoin ETFs snapped a five-week outflow streak, recording over $1 billion in net inflows across three straight days—hinting at renewed institutional interest.

According to Tokenomist, the crypto market is preparing for major token unlocks over the next seven days, with the total value expected to exceed $572 million. Large one-time unlocks (over $5 million) are scheduled for HYPE, ENA, RED and others. Meanwhile, linear daily unlocks above $1 million are expected for SOL, WLD, DOGE, TRUMP, RAIN, RIVER, CC and ASTER. Traders are watching closely, as significant unlock events can increase circulating supply and potentially add short-term price pressure.

Tron Inc. has acquired 177,637 TRX tokens at an average price of $0.28, further boosting its digital asset treasury. The latest purchase brings the company’s total holdings to more than 684.4 million TRX.The firm said it plans to continue expanding its Tron DAT reserves as part of its strategy to enhance long-term shareholder value. Investors are closely watching the company’s designated on-chain TRX treasury wallet for further accumulation signals.

The UAE stock markets have been temporarily shut following rising tensions linked to Iran. The Dubai Financial Market and the Abu Dhabi Securities Exchange will remain closed on March 2 and 3, according to local reports. While officials have not described the move as a panic response, the rare closure signals that the regional conflict is beginning to affect financial systems. Investors across global markets are now watching the situation closely for any further impact.

A crypto whale has swapped 1,000 ETH worth about $1.94 million for 358.49 XAUT at an average price of $5,413, booking a loss of over $60,000 on the trade. On-chain data shows the wallet accumulated 1,645 ETH for roughly $3.26 million over the past two years and still holds 645 ETH valued near $1.25 million. The move suggests a shift toward tokenized gold exposure as some large holders rebalance during ongoing market uncertainty.

Bitcoin is currently trading 24%–66% below its historical trend compared to gold and global money supply, according to Samson Mow, CEO of Jan3. He believes gold looks overextended at current levels. April gold futures closed at $5,247.90 on Friday, while tokenized gold PAX Gold traded above $5,360 at the time of writing. Mow said the widening gap could signal a potential Bitcoin reversal ahead.