Bitget UEX Daily Report | Trump Says Action Against Iran to End Soon; Iran Fires on Commercial Vessels, Oil Prices Surge; Oracle Posts Strong Earnings, Stock Rallies
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Bitget UEX Daily Report | Trump Says Action Against Iran to End Soon; Iran Fires on Commercial Vessels, Oil Prices Surge; Oracle Posts Strong Earnings, Stock Rallies
Analysts recommend focusing on policy easing and geopolitical balance, prioritizing allocations to a defensive portfolio comprising technology and energy sectors.
Navigating Web3 tides with focused insightsAuthor: Bitget
I. Key Market News
Federal Reserve Updates
U.S. February CPI Data In Line with Expectations; Core CPI Annual Rate Hits Five-Year Low
- U.S. February CPI rose 2.4% year-on-year, unchanged from the prior month and in line with market expectations; core CPI rose 2.5% year-on-year, also meeting consensus forecasts.
- Core inflation metrics—excluding food and energy—show easing price pressures, with month-on-month gains holding steady around 0.3%.
- This data strengthens market expectations for Fed rate cuts; however, escalating Middle East conflict could push up energy prices, potentially delaying monetary easing and increasing near-term U.S. equity market volatility.
Global Commodities
IEA Member Countries Release 400-Million-Barrel Oil Reserve—the Largest in History
- Thirty-two IEA member countries agreed to release 400 million barrels of emergency oil reserves to counteract supply disruptions caused by the Middle East conflict—the sixth coordinated IEA action in history.
- The U.S. released 172 million barrels; Japan and other countries followed suit. The total volume covers approximately four days of global oil demand.
- The move aims to ease upward pressure on oil prices; however, if the conflict persists, supply interruption risks remain high, testing global energy market stability.
Iran Fires Warning Shots at Commercial Vessels, Sending Oil Prices Toward $200/Barrel
- Iranian military forces attacked commercial vessels in the Gulf; the Islamic Revolutionary Guard Corps stated such actions target ships refusing to comply with orders—triggering international shipping chaos.
- WTI crude surged past $94/barrel; Brent crude surpassed $98/barrel—both rising over 8% intraday.
- The war has claimed roughly 2,000 lives; shipping through the Strait of Hormuz has nearly halted. Further oil price increases could exacerbate global inflation and weigh on economic growth.
Macroeconomic Policy
Trump Says U.S. Military Action Against Iran Nearing Conclusion
- Trump stated that targets inside Iran have nearly been exhausted and U.S. operations against Iran are nearing conclusion—though U.S. officials clarified no formal halt order has been issued, and the operation remains open-ended.
- Iran’s President proposed three conditions to end the war: recognition of Iran’s rights, compensation for war damages, and international guarantees against future aggression.
- U.S. military spending during the first six days of conflict exceeded $11.3 billion. Signs of de-escalation in geopolitical risk could boost market sentiment—but uncertainty remains.
U.S. Launches Section 301 Investigations Against 16 Trade Partners
- Investigations launched against industrial overcapacity in the EU, India, Japan, South Korea, and 12 other partners—aimed at applying tariff pressure.
- Separately, plans are underway to investigate imports of goods produced using forced labor—covering at least 60 countries—and may later extend to digital taxation and pharmaceutical pricing.
- These measures risk reigniting trade tensions, disrupting global supply chains, and prompting market vigilance toward supply-chain restructuring-related volatility.
U.S. Regulators Plan to Ease Bank Capital Requirements
- New capital rules—such as the Basel III Endgame revisions—are being drafted to encourage lending, including allowing mid-sized banks to use standardized approaches for capital calculations.
- Fed Vice Chair Michelle Bowman indicated the revised framework will be unveiled by late March.
- The policy aims to stimulate economic growth but must balance financial stability risks—potentially benefiting bank stocks.
II. Market Recap
Commodities & FX Performance
- Spot Gold: Closed at $5,159.38/oz, down 0.39%, marking two consecutive days of correction amid a stronger U.S. dollar and improved risk sentiment.
- Spot Silver: Closed at $85.47/oz, down 0.08%, with muted volatility—industrial demand provides support, while cooling inflation expectations weigh.
- WTI Crude: Closed at $93.48/barrel, up 7.14%, driven by Iranian attacks on commercial vessels and supply disruption concerns.
- Brent Crude: Closed at $99.01/barrel, up 6.46%, with heightened geopolitical premiums due to escalating Middle East conflict.
- U.S. Dollar Index: Closed at 99.41, up 0.14%, supported by safe-haven demand and soaring oil prices.
Cryptocurrency Performance
- BTC: +0.37% over 24 hours, currently ~$70,222; capital is returning amid signs of Middle East de-escalation; analysts say BTC has passed its oil-price volatility stress test.
- ETH: +1.07% over 24 hours, currently ~$2,055.
- Total Crypto Market Cap: +0.3% over 24 hours, reaching $2.47 trillion.
- Liquidations: $177 million liquidated over 24 hours—$74 million longs, $102 million shorts.
- Bitget BTC/USDT Liquidation Map: Cumulative short liquidations above $70,190 stand at $632.55M—far exceeding cumulative long liquidations of $32.53M below. A further price rise could trigger massive short squeezes. Leverage clusters—especially at 50x and 100x—are concentrated at key levels such as $71,000–$72,000 and $73,000–$74,000, potentially amplifying volatility and cascading liquidations. Bitget’s current BTC long/short ratio stands at ~48.54% long / 51.46% short, indicating slight bearish sentiment that supports upside squeeze risk.
- Spot ETF Net Flows: On March 10, BTC spot ETFs recorded net inflows of $246 million; ETH spot ETFs saw $12.6 million in net inflows.
- BTC Spot Flows: Yesterday, BTC spot inflows totaled $2.721 billion, outflows $2.644 billion—net inflow of ~$77 million.
U.S. Equity Index Performance
- Dow Jones: Down 0.61% to 47,417.27—two consecutive sessions lower, pressured by geopolitical tensions and rising oil prices across non-energy sectors.
- S&P 500: Down 0.08% to 6,775.80—limited volatility, supported by tech stocks but broadly under pressure.
- Nasdaq: Up 0.08% to 22,716.13—driven by memory and AI-related stocks, with tech leading the rebound.
Tech Giants’ Highlights
- NVIDIA: +0.68% to ~$186.03—robust AI chip demand continues to support performance.
- Apple: −0.01% to ~$260.80—lackluster product cycle weighs on results.
- Google: +0.54% to ~$308.70—cloud business growth provides tailwind.
- Microsoft: −0.22% to ~$404.88—minor adjustment amid broader market volatility.
- Amazon: −0.78% to ~$212.65—intensifying retail competition exerts pressure.
- Meta: +0.12% to ~$654.86—positive sentiment around new AI chip development.
- Tesla: +2.15% to $407.82—driven by stronger-than-expected China sales data.
Tech giants posted mixed results, primarily influenced by AI developments and geopolitical factors—Oracle’s earnings beat stood out as a highlight.
Sector Rotation Highlights
Oil & Gas Sector: Up ~3%
- Key stocks: Occidental Petroleum +4.63%, Chevron +2.95%.
- Catalyst: Iranian vessel attacks pushed oil prices higher, fueling energy stock rallies amid supply disruption fears.
Memory Sector: Up ~3%
- Key stocks: Micron Technology +3.86%, SanDisk +5.9%.
- Catalyst: Rising AI compute demand and optimistic supply chain outlook.
Gold Miners Sector: Down ~2%
- Key stocks: Harmony Gold −10.98%, Newmont Corporation −2.26%.
- Catalyst: Stronger U.S. dollar and improved risk sentiment weakened safe-haven demand.
III. Deep-Dive Stock Analysis
1. Oracle — Earnings Beat Driven by Surging AI Orders
Summary: Oracle reported Q3 FY2026 revenue of $17.2 billion—up 22% YoY and exceeding consensus of $16.9 billion; adjusted EPS of $1.79 far surpassed the $1.23 estimate. Remaining performance obligations reached $55.3 billion—up 325% YoY—largely attributable to large-scale AI contracts. No additional financing is required to fulfill these contracts, as customers prepay or supply their own GPUs. Market Interpretation: Analysts view AI demand as the primary growth engine; the sharp rise in remaining obligations reflects robust long-term contract visibility. Goldman Sachs raised its price target to $180 and maintained a Buy rating. Investment Takeaway: Cloud infrastructure leaders benefit significantly from the AI wave—near-term share price strength is likely to continue.
2. Tesla — China February Sales Surge 91%
Summary: Tesla delivered 58,600 locally manufactured EVs in China in February—a 91% YoY increase and the fourth consecutive month of growth. Though down 15.2% MoM, the low base effect offset seasonal headwinds. Shanghai Gigafactory Model 3/Y deliveries cover both domestic and export markets. Market Interpretation: Morgan Stanley noted the strong sales beat boosted full-year guidance and raised its price target to $450—highlighting China’s recovery as critical. Investment Takeaway: Resurgent EV demand benefits the supply chain; monitor export dynamics to mitigate trade risks.
3. Meta — Advancing MTIA Chip Roadmap
Summary: Meta is developing four new AI chips supporting generative AI and content ranking. MTIA 300 is already in production; MTIA 400/450/500 are slated for rollout through 2027—enhancing application efficiency. Market Interpretation: Citigroup analysts applaud in-house chip development for reducing reliance on third parties and raised their price target to $600—citing strengthened competitive advantage. Investment Takeaway: Accelerating AI infrastructure investment underscores platform companies’ long-term growth potential.
4. Hims & Hers Health — Partnering with Novo Nordisk to Sell Weight-Loss Drugs
Summary: Hims poached a senior Eli Lilly PR executive and partnered with Novo Nordisk to sell obesity medications on its platform—shares rallied 64% this week. Market Interpretation: Analysts see this as an entry into the branded-pharma arena; the price target was raised to $30, with expectations of diversified revenue streams. Investment Takeaway: Convergence of health tech and pharma creates near-term thematic momentum and potential valuation upside.
IV. Cryptocurrency Project Updates
1. Strive—a Bitcoin treasury public company—announced it is raising its SATA preferred dividend by 25 basis points to 12.75% and narrowing its price range from $95–$105 to $99–$101. It increased its Bitcoin holdings to 13,311 BTC (previously disclosed as 13,131.82 BTC in January) and purchased $50 million of Strategy’s perpetual preferred shares (STRC), which currently yield 11.5%.
2. Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, reiterated his bearish view that Bitcoin could fall below $10,000, citing the crypto market’s ongoing macro-driven, long-term correction. McGlone noted that rising institutional participation has increased Bitcoin’s correlation with speculative assets—undermining its role as a traditional-market uncorrelated hedge—and that the market must now undergo a speculative excess cleanup process. Several analysts have challenged this view.
3. Hyperliquid’s oil-related perpetual contracts traded nearly $1 billion in 24 hours, with platform token HYPE rising 6% amid the Iran conflict.
4. Solana’s AI agent and RWA application ecosystem is expanding rapidly—its speed and low costs attract developers, with a surge in new project launches within the last 24 hours.
5. Japanese public company Metaplanet announced the establishment of two subsidiaries. Metaplanet Ventures will invest in Japan’s Bitcoin ecosystem, allocating ¥4 billion over the coming years to support firms building Bitcoin financial infrastructure—including lending, settlement, custody, stablecoins, derivatives, and compliance. Metaplanet Asset Management will be headquartered in Miami, serving as a digital credit and Bitcoin capital markets platform bridging Asian and Western markets—planning to develop yield, equity, credit, and volatility strategies.
6. Bitget officially launched GetClaw, migrating AI agent execution environments entirely to the cloud—enabling users to launch and use agents instantly without local deployment or technical expertise. Previously, using AI trading agents typically required technical proficiency or cumbersome local configuration. GetClaw’s cloud-native architecture eliminates this barrier entirely, further lowering the adoption threshold for AI-powered trading tools.
7. According to Arkham monitoring, USDC issuer USDC Treasury minted 250 million new USDC tokens on the Solana blockchain yesterday. Additionally, Circle has net-issued over $8 billion in USDC since early February, adding them to circulating supply.
V. Today’s Market Calendar
Data Release Schedule
| 08:30 | U.S. | Trade Balance (Jan) | ⭐⭐⭐⭐ |
| 08:30 | U.S. | Exports (Jan) | ⭐⭐⭐ |
| 08:30 | U.S. | Imports (Jan) | ⭐⭐⭐ |
| 08:30 | U.S. | Building Permits (MoM) (Jan) | ⭐⭐⭐⭐ |
| 08:30 | U.S. | Housing Starts (MoM) (Jan) | ⭐⭐⭐⭐ |
| 08:30 | U.S. | Initial Jobless Claims (Week ending Mar 7) | ⭐⭐⭐⭐⭐ |
| 10:30 | U.S. | EIA Natural Gas Inventory (Week ending Mar 6) | ⭐⭐⭐ |
| 14:00 | U.S. | Monthly Budget Statement (Jan) | ⭐⭐⭐ |
Upcoming Key Events
Wednesday, March 12
- 20:30: U.S. Initial Jobless Claims (week ending Mar 7)—forecast: 213,000
- After U.S. market close: Adobe earnings release
Friday, March 13
- 20:30: U.S. January Core PCE Price Index YoY—forecast: 3.1%
- Japanese Prime Minister Sanae Kishida meets Canadian Prime Minister Mark Carney to discuss the Middle East situation
Institutional Views:
Top-tier investment bank analysts hold a cautiously optimistic stance on 24-hour market trends. Goldman Sachs highlights signs of Middle East de-escalation boosting equities—but warns surging oil prices may reaccelerate inflation, recommending overweight positions in energy stocks and diversification into AI-driven tech. Morgan Stanley observes cryptocurrencies successfully weathering the geopolitical stress test; while BTC’s correlation with equities has risen to 0.5, it explains only 25% of BTC’s price movement—affirming its value as a diversifier. Total crypto market cap is expected to stabilize near $2.5 trillion. In FX, Citi attributes the 0.63% rise in the DXY to safe-haven flows—but notes the dollar could weaken if Fed easing accelerates. In commodities, Barclays views gold and silver pullbacks as short-term corrections, with geopolitical premiums supporting gold’s challenge of $5,300/oz; oil upside risk remains elevated, with Brent poised to test $100/barrel. Overall, analysts recommend balancing policy easing and geopolitical risk—prioritizing defensive allocations across tech and energy.
Disclaimer: The above content was compiled via AI search and verified manually prior to publication. It does not constitute any investment advice.
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