OSL trading moment: The overall market maintains a bearish trend, and March 7 may become the key to cryptocurrency price trend

1. Market Observation

Keywords: Trump, ETH, BTC

Recently, the cryptocurrency market has shown general negative sentiment under huge selling pressure. After the Bitcoin price fell below $82,000, the large coin holder (whales) sold more than 40,000 BTC, causing the exchange's largest inflow of funds in months. At the same time, the altcoin market also showed bearish sentiment, and a large amount of capital outflows occurred in digital asset investment products. During this market turmoil, White House AI and cryptocurrency adviser David Sacks revealed that he had liquidated his crypto assets holdings before Trump took office. However, there are still some positive signals in the market: cryptocurrency analyst Peter Brandt predicts that Ethereum may fluctuate significantly in the future, with a target price of $6,000; in addition, Metaplanet took the opportunity to increase its holdings of 156 bitcoins (valued at approximately $13.4 million), bringing its total Bitcoin reserves to $222 million. However, the overall market remains bearish, with the main reasons including Bitcoin’s need to fill the CME gap below $90,000. The focus of market attention has now turned to March 7, and several important events expected to be held on that day may trigger significant market volatility. It is worth noting that Standard Chartered reiterated its forecast for its Bitcoin price target of $500,000 after Trump announced its cryptocurrency reserves.

2. Key data (as of 09:30 HKT on March 5)

• S&P 500: 5,778.15 points (-1.76% within the year)

• Nasdaq: 18,285.16 points (-5.31% within the year)

• 10-year US Treasury yield: 4.247% (-32.90 basis points within the year)

• US dollar index: 105.59 (-2.66% within the year)

• Bitcoin: $86,985 (-6.88% during the year), daily spot trading volume is $63.81 billion

• Ethereum: USD 2,173.28 (-28.88%), daily spot trading volume is USD 34.86 billion

3.ETF flow direction (EST, March 4)

• Bitcoin ETF: -80.9 million USD

• Ethereum ETF: +$19.2 million

4. Important date (Hong Kong time)

FOMC Permanent Voting Committee and New York Fed Chairman Williams delivered a speech at the Bloomberg Investment Forum (03:20 on March 5)

US President Trump was invited to deliver his first speech during his term (10:10, 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 US Monetary Policy Forum Report organized by the University of Chicago Booth School of Business (March 7 23:45)

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

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

Upbit will launch KAITO tokens in Korean won, BTC and USDT markets

Two wallets associated with Ethena Labs deposited 29.87 million ENAs into Binance, which is approximately US$11.52 million

The giant whale that received the most ETH compensation in Genesis Trading liquidation compensation has sold 40,000 ETH in the past two days

Moody's: Trump tariffs may cause stagflation in the US economy, and the Federal Reserve may raise interest rates

The White House Crypto Summit will start at 2:30 am on March 8th Beijing time

VanEck: Solana's two proposed upgrades will enhance the network, but will significantly reduce validator earnings

As the Meme coin boom cools down, Pump.fun's daily trading volume has plummeted by 94% from its January peak

President El Salvador: Bitcoin purchase will not stop due to IMF agreement

U.S. Senate votes to repeal IRS cryptocurrency rules, yet to vote in the House

Reddit Lianchuang joins the bidding team to acquire TikTok, planning to "open" the social app

ETH fell below $2,000, down 3.67% intraday

Jupiter Lianchuang announces its 2030 team strategy: plans to allocate 280 million JUP to team members in the next three years

Aave updates token economic model, initially plans to repurchase $1 million AAVE every week

CryptoQuant CEO: BTC may continue to remain sluggish before US market sentiment improves, and the market does not care about retail investors

Perhaps affected by the new Binance Observation tag, NULS, ALPACA, COMBO and other tokens fell by more than 20% in a short period of time.

Placeholder Partner: Now is the bull market pullback stage, not the top of this bull market

Binance HODLer Airdrop launches Phase 11 project - GoPlus Security (GPS)

Adam Cochran: Trump has no right to unilaterally abolish crypto capital gains tax, only Congress can

Arthur Hayes: Believe it is still in a bull cycle, with the worst case Bitcoin falling to $70,000

Zora releases ZORA token economics: 10% for retrospective airdrop

Yuga Labs announces that US SEC has officially concluded its investigation

Powered by OSL - Hong Kong's largest over-the-counter trading platform, continuing to provide regulated digital asset services to the market since 2018.