OSL trading moment: BTC rebounded strongly over the weekend, only 15.6% from its all-time high
Reprinted from panewslab
03/03/2025·2M
1. Market Observation
Keywords: ETF, ETH, BTC
The Ethereum Foundation (EF) recently announced the establishment of a brand new consulting group, Silviculture Society, aiming to promote the further development of the Ethereum ecosystem. However, this move has also triggered criticism from the Ethereum community about the direction of the project. A research paper proposes a new decentralized block building model that aims to encourage wider community participation and reduce the risks posed by Maximum Extractable Value (MEV). Meanwhile, the Ethereum Foundation has appointed Hsiao-Wei Wang and Tomasz Stańczak as co-executive directors in the leadership restructuring, injecting new management power into the foundation.
In the crypto-app space, Ethereum cryptocurrency MetaMask plans to launch native support for Bitcoin and Solana in the coming months. This move shows that multiple cryptocurrencies are gaining wider acceptance and integration.
In the Bitcoin market, last Friday, Bitcoin was driven by political and regulatory factors, showing a strong recovery momentum, with prices rising nearly 10%. However, despite positive signs in the market, the outflow of Bitcoin ETFs is as high as $2.7 billion, reflecting investors' uncertainty about the market and potential bear market risks. At the same time, the long-term development of Bitcoin is still advancing. Michael Saylor, co-founder of Bitcoin company Strategy, has helped Bitcoin achieve $2.6 billion in revenue in early 2025. Although Bitcoin has reached $1.5 trillion in market capitalization, Solv Protocol co-founder Ryan Chow pointed out that its utility in the DeFi sector is still slow due to infrastructure and regulatory barriers. However, with the gradual thawing of the regulatory environment and the continuous maturity of Ethereum-based DeFi, the potential of Bitcoin is gradually being released.
In addition, traditional financial institutions are also accelerating the integration with crypto assets. BlackRock, the world's leading asset management company, has incorporated its iShares Bitcoin ETF into some of its model portfolios and allocated 1-2% of its shares in alternative investments. Despite this, the President of the Swiss National Bank still regards cryptocurrency as a "niche phenomenon" and is cautious about its mainstreaming. The volatility of the Bitcoin market remains. Some analysts predict that Bitcoin may rebound further, while others warn of potential risk factors based on changes in the macroeconomic environment.
2. Key data (as of 13:00 HKT on March 3)
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S&P 500: 5,954.50 points (1.24% this year)
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Nasdaq: 18,847.28 points (-2.4% within the year)
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10-year US Treasury yield: -7.55% (-34.60 basis points within the year)
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US dollar index: 107.243 (-1.14% within the year)
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Bitcoin: $92,560.38 (-0.77% during the year), daily spot trading volume was $68.4296 billion
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Ethereum: USD 2,440.10 (-26.55% during the year), daily spot trading volume is USD 39.855 billion
3.ETF flow direction (EST, February 28)
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Bitcoin ETF: $94.34 million
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Ethereum ETF: -$41.82 million
4. Important date (Hong Kong time)
US February ISM Manufacturing PMI (23:00 on March 4)
- Actual: None/Previous value: 50.9/Expected: 50.5
US President Trump was invited to deliver his first speech during his term (March 4)
FOMC Permanent Voting Committee and New York Fed Chairman Williams delivered a speech at the Bloomberg Investment Forum (03:30 on March 5)
Number of ADP employed in the United States in February (10,000) (March 5th 21:15)
- Actual: None/Previous value: 18.3/Expected: 14
EIA crude oil inventories in the United States to February 28 (10,000 barrels) (23:30 on March 5)
- Actual: None/Previous value: -233.2 / Expected: None
The number of people who requested initial unemployment benefits in the United States to March 1 (10,000) (21:30 on March 6)
- Actual: None/Previous value: 24.2 / Expected: 23.5
FOMC Permanent Voting Committee, New York Fed Chairman Williams and Fed Director Bowman participated in a panel discussion on the U.S. Monetary Policy Forum Report organized by the University of Chicago Booth School of Business (March 7)
US President Trump hosts cryptocurrency summit at the White House (March 7)
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
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
CME Bitcoin Futures Sets a Gap Record of More than $10,000
Metaplanet announces 156 bitcoins increase
Cronos proposes to reissue 70 billion destroyed tokens to “create Cronos strategic reserves”
ADA's 24-hour increase exceeded 70%, and its market value ranking rose to eighth
Trump says crypto strategic reserves will include Bitcoin and Ethereum
Greeks.Live: Most traders are watching whether $82,000 on the weekly chart of Bitcoin can support it
Tether Treasury adds 1 billion USDT to Ethereum
CryptoQuant CEO: Ethereum has internal problems, and the team may no longer trust leadership
Michael Saylor: $2.6 billion in Bitcoin earnings in the first two months of 2025
Ethereum Foundation appoints Hsiao-Wei Wang and Tomasz Stańczak as co-executive directors
CZ releases "crazy idea of token issuance", but says individual token-free issuance plan
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