BTC falls below $82,000 Bitcoin is experiencing a "shaking position"
Reprinted from jinse
03/17/2025·3MHeadlines
▌ BTC fell below $82,000
The market shows that BTC fell below $82,000 and is now at $81,998.01, with a 24-hour decline of 2.81%. The market fluctuates greatly, please do a good job in risk control.
▌ 比特币正经历“震仓”而非四年周期终结
Bitcoin's current price is down 22% from the all-time high of $109,000 set on January 20. Although investor sentiment has fallen into the "extremely fear" area many times, crypto analysts generally believe that the Bitcoin bull market cycle has not yet ended, and this decline may be a "shaking position" - that is, a sharp drop caused by concentrated closing of long positions, followed by a rapid rebound. Bitfinex analysts pointed out, "A number of key technical indicators turn bears, triggering speculations about the bull market ending early. But the four-year cycle of Bitcoin is still a key factor, and history shows that the pullback in the bull market is normal, and this is more likely to be a shock than a bear market start. The bottom of Bitcoin may be formed in parallel with US stocks (especially the S&P 500), with US$72,000 to US$73,000 still the key support range, but global Treasury yields and stock market trends will dominate Bitcoin's next trend. The risks of the trade war have been partially priced, but long-term economic pressure may suppress sentiment." Nexo analyst Iliya Kalchev said, "Although Bitcoin's four-year compound annual growth rate (CAGR) has dropped to an all-time low of 8%, the halving event is still crucial to the long-term price trend, 2024 The monthly halving cuts block rewards to 3.125 BTC, and Bitcoin has accumulated more than 31% since then. Although ETF buying brought by institutional adoption over the past year has become the main push, the halving effect will continue to affect the market."
Quotes
As of press time, according to Coingecko data,
BTC最近成交价82,434.68美元，日内涨跌 -2.1% ；
ETH's latest transaction price is US$1,884.11, with an intraday increase and decrease of -2.8% ;
BNB's recent transaction price is US$599.88, with an intraday increase and decrease of -2.8% ;
SOL's latest transaction price is US$126.03, with an intraday increase and decline of -7.1% ;
DOGE's recent transaction price is US$0.168, with an intraday increase and decrease of -4.6% ;
XPR's recent transaction price is US$2.30, with an intraday increase and decrease of -1.6 % .
policy
▌Pakistan establishes a cryptocurrency committee to regulate blockchain and digital assets
The Pakistani government has established the Pakistan Cryptocurrency Commission (PCC) to oversee the integration and use of blockchain technology and digital assets in the country's financial sector. The PCC’s agenda includes developing clear regulatory guidelines for cryptocurrency adoption, working with international cryptocurrency and blockchain organizations, and promoting responsible innovation. The committee will also focus on consumer protection and financial security through a sound legal and compliance framework. Finance Minister Muhammad Aurangzeb will chair the committee, leading a diversified committee that includes senior officials from major financial and regulatory agencies. The leadership is composed of the President of the National Bank of Pakistan, the Chairman of the Securities and Exchange Commission of Pakistan (SECP), and the Minister of Federal Law and Information Technology, aims to ensure a comprehensive approach to regulatory oversight, financial stability and technological advancement. Pakistan is currently one of the countries with the highest adoption rates of cryptocurrency, with an estimated 20 million active cryptocurrency users and a cryptocurrency transaction volume of more than US$20 billion.
Blockchain application
▌ Lighthouse 7.0 light client stable version is about to be released
The Ethereum 2.0 client Lighthouse development team Sigma Prime announced that Lighthouse is enabling default light client support, making trust-minimizing wallets more feasible than before. With this launch, the share of beacon nodes that provide light client data is expected to increase from 5% to 30-40%. The currently available Lighthouse v7.0.0-beta.3 for Holesky has been fixed for bugs that cause nodes to be stuck (only Holesky node upgrades are recommended), and the Lighthouse 7.0 light client stable version is about to be released.
Cryptocurrency
▌Crypto wallets will integrate agents within a few years
Ethereum developer eric.eth said that the common wallet user experience today will completely disappear in just a few years. Users will no longer need to click on "Connection" and "Signature". Users need to talk to agents, and the agents will do all the work on the chain for them.
▌California Department of Financial Protection and Innovation announces 24 types of cryptocurrency fraud, reminding the community to be alert
The California Department of Financial Protection and Innovation (DFPI) has announced 24 types of cryptocurrency fraud, reminding the community to be vigilant, mainly including: prepaid fraud, affinity fraud, asset recovery scam, bait scam, Bitcoin mining scam, crypto ransomware scam, crypto game scam, crypto job search scam, impostor scam, high-yield investment plan, investment group scam, liquidity mining/liquidity mining scam, pig killing scam, crypto giveaway/airdrop scam, ransomware, etc.
▌ North Korean hackers used mixed coins to purchase 437.6 billion PEPE worth US$3.1 million on March 11
According to a highly credible investigation of Tornado Cash asset theft on March 11, 2025, after using Tornado Cash to complete the currency mixing, North Korean hackers used part of ETH funds to purchase 437.6 billion PEPE worth US$3.1 million. More detailed analysis shows that North Korean hackers were stolen from using the problematic Tornado Cash user interface. Previous news, according to Lookonchain monitoring, three wallets bought 689.79B PEPE (total value of about 4.3 million US dollars), and their funds were all from Tornado Cash.
▌U.S . support for crypto assets and non-bank finance lays the root cause of future turmoil
ECB Administrative Commission member Francois Villeroy de Galhau said U.S. support for cryptocurrencies and non-bank finance could trigger the next financial emergency. "There is a possibility that the United States will commit crimes due to negligence. Financial crises often originate in the United States and spread to other parts of the world. By encouraging crypto assets and non-bank finance, the U.S. government is sowing the seeds of future turmoil." Galhau added that regulation in Europe is more secure and said that the EU does not have the risk of a banking crisis.
▌M eme coins are becoming a "retail investor exploitation tool", which violates the spirit of crypto decentralization
Anastasija Plotnikova, co-founder and CEO of blockchain regulatory firm Fideum, said that Meme coins are violating the basic spirit of cryptocurrency decentralization and are increasingly used to exploit retail investors in an increasing number of Rug Pulls behaviors. She added: "Meme coins have evolved from community-driven social experiments to chaotic situations dominated by retail investors' extraction of value internal circles, stock price gouging and sniper teams have replaced the organicity and collectivity of the original Meme coins community, creating an unhealthy competitive environment." Anastasija Plotnikova believes that some behaviors are already obviously illegal and fall under the jurisdiction of law enforcement agencies, and support enforcement of some projects.
Important economic trends
▌3 days left before the Federal Reserve 's interest rate decision, the probability of interest rate cuts in March is only 2%
According to CME's "Federal Observation" data, the probability of the Federal Reserve cutting interest rate by 25 basis points in March is 2%, and the probability of the remaining unchanged is 98%. The probability of the Fed's cumulative interest rate cut of 50 basis points by May is 0.5%, the probability of the cumulative interest rate cut of 25 basis points is 27.7%, and the probability of remaining unchanged is 71.8%.
▌The US Treasury Secretary cannot guarantee that the US economy will not recession
The Trump administration in the United States has introduced a series of tariff policies, and has changed many times, resulting in a decline in business and consumer confidence. Recently, various economic data in the United States have frequently shown a "red light", and concerns about Trump's recession have become increasingly prominent. On March 16, US Treasury Secretary Bescent said in an interview that "there is no guarantee that the US economy will not fall into recession." However, he repeatedly emphasized that the US government is adopting "prudent and lasting policies", and the US economy will undergo "adjustment" and "experience a transition period, but there will be no financial crisis."
Golden Encyclopedia
▌What is a cold wallet?
Cold wallet is a cryptocurrency storage method that stays offline and disconnects from the internet. This setup makes it more difficult for hackers to access funds remotely. Examples include: hardware wallets (such as Ledger, Trezor), paper wallets, isolated computers (devices that have never been connected to the internet).
Disclaimer: As a blockchain information platform, the content of the articles published by Golden Finance is for information reference only and is not used as actual investment advice. Please establish the correct investment philosophy and be sure to improve your risk awareness.
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