OSL trading moment: Analysts have different opinions and need to prepare for further market fluctuations

1. Market Observation

Keywords: Trump, ETH, BTC

Recently, Bitcoin’s market performance has been significantly affected by the words and deeds of former US President Donald Trump and the developments in regions such as South Korea and China. Market volatility has become the norm, with the $1.4 billion Bybit default incident and recent bearish trends causing significant fluctuations in Bitcoin’s value.

Nevertheless, market analysts believe Bitcoin may have formed a strong low, indicating that there is still potential for upward in future trading volatility. South Korea is gradually approaching making a decision on Bitcoin ETFs, drawing on Japan's positive attitude towards digital assets. Meanwhile, China's decision to increase its money supply to cope with economic challenges and trade tensions with the United States could catalyze the rise in Bitcoin.

Another positive factor for Bitcoin is that it is used to secure election results for local Republican conventions, highlighting its diverse application value. Additionally, a trader predicted that Bitcoin will enter a bear market phase, which could lead to a sharp decline and push the price of Bitcoin to the $73,000 mark.

In contrast to Bitcoin, Ethereum's price appears to be under pressure, showing signs of a decline, marking the possible end of its bull market trend. Despite obvious errors on the main test network, Ethereum’s ambitious upgrade project Petra is still advancing.

In the DeFi field, Solana tokens are considered to be undervalued compared to Ethereum, showing future growth potential. In addition, Skate launched the first automatic market maker agreement to support cross-chain virtual machines, further enriching market options.

Despite potential bullish opportunities, Bitcoin is still struggling to cope with the negative effects of dark web links, and the vulnerability of emotions has further impacted its performance. Therefore, market participants must expect further volatility that may occur in the future.

2. Key data (as of 09:30 HKT on March 7)

• S&P 500: 5,738.52 points (-2.43% within the year)

• Nasdaq: 18,069.26 points (-5.31% within the year)

• 10-year US Treasury yield: 4.276% (-30.00 basis points within the year)

• US dollar index: 104.14 (-4.01% within the year)

• Bitcoin: $89,919 (-3.74% in the year), daily spot trading volume is $43.89 billion

• Ethereum: USD 2,205.15 (-34.07%), daily spot trading volume was USD 19.99 billion3.

3.ETF flow direction (EST as of March 5)

• Bitcoin ETF: -$38.3 million

• Ethereum ETF: -$63.32 million

4. Important date (Hong Kong time)

FOMC Permanent Voting Committee, New York Fed Chairman Williams and Fed Director Bowman participated in a panel discussion on the US Monetary Policy Forum Report organized by the University of Chicago Booth School of Business (March 7 23:45)

Federal Reserve Chairman Powell speaks before the 2025 U.S. Monetary Policy Forum Lunch at the University of Chicago Booth School of Business (March 7)

U.S. unemployment rate in February (21:30 on March 7)

• Actual: None/Previous Value: 4% / Expected: 4%

The United States' non-farm employment population after seasonal adjustment in February (10,000) (March 7 21:30)

• Actual: None/Previous value: 14.3 / Expected: 15.3

US President Trump hosts cryptocurrency summit at the White House (2:30 on March 8)

The implementation of summer time in North America, and the release of trading hours and economic data in the US and Canadian financial markets will be one hour ahead of the winter time. (14:00 on March 9)

5. Hot News

Mint Blockchain: MINT airdrop will be unlocked in three months, with 50% unlocked in the first phase

Two U.S. lawmakers plan to release "important plans" about Bitcoin next Tuesday

Market News: CANARY SUI ETF Registered in Delaware

Bithumb will launch AVL tokens in the Korean won market

Movement will be launched on the main website on March 10

Japan intends to classify cryptocurrencies as new assets, not securities regulation

Coinbase Director: Trump's latest executive order is expected to reduce Bitcoin selling pressure by $18 billion

Jin Shi: The United States establishes Bitcoin reserves, but will not actively purchase Bitcoin

Texas's Bitcoin Strategic Reserves Act passed in the Senate

Jito Foundation contributors propose new JTO token economic model, including potential buybacks

YZi Labs invests in Tensorplex Labs to drive decentralized AI

Safe{Wallet} updates the progress of the hacker investigation, confirming that North Korean hacker group TraderTraitor is behind the scenes

People familiar with the matter: Manus token with the same name has no relationship with the Manus AI Agent product team

World Liberty Financial and Sui reach strategic reserve cooperation

David Sacks: Government's lack of long-term Bitcoin strategy has cost taxpayers huge

Tether freezes $28 million USDT from Russian sanctioned exchange Garantex

In the past two days, 12 wallets deposited a total of 125 million ENAs into CEX, worth US$45 million.

Russian Ministry of Finance: Not intending to add crypto assets to the investment structure of the state welfare fund

Acting Chairman of the US CFTC: CFTC and SEC are discussing and cooperating on matters such as digital assets

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