Trading moment: BNB chain focuses on changing CZ avatars, institutions wait and see mainstream currencies

1. Market Observation

Keywords: BNB, ETH, BTC

The market for BNB chain Meme is in full swing, and the on-chain market is closely related to CZ and He Yi's words and deeds. The market focus is on the avatar that CZ is about to change. In the past 24 hours, four new Meme projects on the BNB chain have market value exceeded US$1 million. However, institutional investors are more cautious about Meme coins. ARK Investment founder Cathie Wood warned in a recent interview with Bloomberg TV that most Memecoin in the $2.6 trillion crypto market may end up being "worthless". She noted that while the combination of blockchain and AI has spawned "millions of" Memecoin, the actual value of these tokens is limited, and ARK's private funds will not invest in such assets.

In contrast, Wood has a positive attitude towards mainstream crypto assets. She is optimistic about the development prospects of assets such as Bitcoin, Ethereum and Solana, and predicts that Bitcoin may exceed $1 million by 2030. However, CryptoQuant CEO Ki Young Ju said that although the market has been bullish in the past two years, the current data has obviously weakened and the market may have entered a bear market. On the Ethereum side, the MVRV ratio is about 0.9, which is at a historical low, and this level usually matches better entry opportunities.

At the macro level, QCP Capital analyzed that although the possibility of the Fed's interest rate cut this week is extremely low, any dovish signal from Powell could become a catalyst for Bitcoin's rise. The overall market volatility has eased, and the VIX index has fallen back to around 20. In terms of institutional participation, the latest Coinbase survey shows that 83% of institutional investors plan to expand their cryptocurrency allocation this year, reflecting that institutions' confidence in digital assets is increasing as the regulatory environment becomes increasingly clear.

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2. Key data (as of 13:30 HKT on March 19)

• Bitcoin: $83,173.19 (-10.99%), daily spot trading volume $19.375 billion

• Ethereum: $1,939.26 (-41.89%), daily spot trading volume is $11.716 billion

• Corruption Index: 23 (Fear)

• Average GAS: BTC 2 sat/vB, ETH 0.46 Gwei

• Market share: BTC 60.6%, ETH 8.6%

• Upbit 24-hour trading volume ranking: XRP, AUCTION, LOOM, BTC, UXLINK

• 24-hour BTC long-short ratio: 0.9701

• Sector rises and falls: SocialFi sector rises 3.25%, RWA sector rises 2.48%

• 24-hour liquidation data: 94,598 people worldwide were liquidated, with a total liquidation amount of US$198 million, with a BTC liquidation of US$60.07 million and ETH liquidation of US$35.81 million

3.ETF flow direction (EST as of March 18)

• Bitcoin ETF: $209 million

• Ethereum ETF: -52.8156 million USD

4. Looking forward today

EIA crude oil inventories (10,000 barrels) in the United States to March 14 (22:30 on March 19)

• Actual: Not announced/Previous value: 144.8 / Expected: Not announced

The Federal Reserve FOMC released a summary of interest rate decisions and economic expectations. (02:00 on March 20)

The U.S. Federal Reserve Interest Rate Decision from March 19 (upper limit) (02:00 on March 20)

• Actual: Not announced/Previous value: 4.50% / Expected: 4.5%

Federal Reserve Chairman Powell held a monetary policy press conference. (02:30 on March 20)

• Binance will launch StraitsX USD (XUSD)

• Babylon will extend airdrop registration deadline to 4pm on March 19

• WazirX: Voting period for the proposed restructuring plan is scheduled from March 19 to March 28

• Polyhedra Network (ZKJ) will unlock approximately 15.53 million tokens at 8 a.m. Beijing time on March 19, with a ratio of 25.72% to the current circulation and a value of approximately US$31.8 million;

The biggest increase in the top 500 market value today: RSS3 rose 101.57% in 24 hours, Dohrnii (DHN) rose 44.07%, EOS rose 27.28%, AUCTION rose 25.94%, LOOM rose 25.74%

5. Hot News

• A certain smart money address has built a total of 1.136 million BMT positions in 15 hours, and has become the top 4 holding addresses on the chain.
• North Carolina Bitcoin Reserves Act intends to authorize 10% of public funds to purchase Bitcoin
• Nvidia launches general basic model of robot GR00T N1
• MyShell launches AI proxy launch and tokenization platform Shell Launchpad
• Suspected that Justin Sun pledged 60,000 ETH to Lido yesterday, worth more than US$100 million.
• Coinbase survey: Institutional investors remain bullish on cryptocurrencies, with 83% planning to expand their allocation this year
• Bo Hines says U.S. stablecoin bill could be delivered to Trump within two months
• Raydium is developing Meme coin issuing platform LaunchLab to compete with Pump.fun
• Cathie Wood: To tokenize the company's funds as permitted by US regulations
• EOS transformed into "web3 bank" and renamed Vaulta, plans to launch new tokens
• Filecoin Eco DeFi Protocol Glif launches GLF governance tokens and airdrops 94 million
• BlackRock, Superstate, and Centrifuge received $1 billion in RWA tokenized assets investment from Sky
• Nasdaq submits a rule change application and plans to list 21Shares Polkadot ETF
• Strategy announces 5 million preferred shares to raise funds, plans to increase Bitcoin
• Binance HODLer airdrop launches Bubblemaps (BMT)
• CryptoQuant CEO: The market may have entered a bear market and will not short BTC