March 1, 2025 Cryptocurrency News and Market Overview

1. News Updates

Capital Flow: Ethereum spot ETF has seen a net outflow for 7 consecutive days, with an outflow of $41.8245 million yesterday; Bitcoin spot ETF ended an 8-day net outflow, with a net inflow of $94.3361 million yesterday. Whales deposited 3.38 million USDC into Hyperliquid to purchase HYPE, BlackRock deposited 2,397 BTC to Coinbase, and two whales withdrew 95,640 SOL from Binance.

Trading Dynamics: Contract traders opened $142 million in BTC long positions early this morning, Tether issued an additional 1 billion USDT on the Tron network, a hacker on Bybit washed away 14,300 ETH in 24 hours, and the Chicago Mercantile Exchange will launch SOL futures on March 17.

Policy Meetings: The White House will hold a cryptocurrency summit on March 7, Ukraine plans to set a cryptocurrency tax rate of 5%-10%, and the U.S. SEC has delayed the approval of Fidelity's spot Ethereum ETF options.

Industry Research: Kaiko Research states that DeFi tokens such as UNI may perform well in the second half of the year, and Optimum has received angel round funding to accelerate full-chain expansion.

Macroeconomic Impact: PCE data indicates that the Federal Reserve may cut interest rates one to two times this year, affecting capital and trends in the cryptocurrency space.

2. BTC and ETH Market

Market Review: BTC rebounded sharply after being oversold yesterday, showing a reversal signal on the daily chart, with resistance at 87,000; a pullback can be used to add positions. Ethereum also rebounded in sync, with a 4-hour divergence, allowing for position addition. Altcoins are rebounding from the bottom, with attention on new platforms like PRUMP.

Today's Highlights: BTC shows unhealthy conditions on the 1-hour and 4-hour charts, oversold on the daily chart, with support at 83,500-84,000 and resistance at 86,500-87,000; ETH shows a similar situation, with support at 2,150-2,200 and resistance at 2,300-2,400.

Investment carries risks; the above information is for reference only and does not constitute investment advice.