加密航海家飞鱼
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Bearish
As of March 10, 2025, the latest Bitcoin market conditions are as follows:
- Price Dynamics: Bitcoin is currently priced at $81,888, with a daily decline of 6.5%, reaching a low of $80,000, which is approximately a 12% drop from the high of $92,000 on March 7. The total cryptocurrency market capitalization has shrunk to $2.81 trillion, and the Fear and Greed Index has dropped to 28 (extreme fear). 点击加入王牌KOL策略聊天室
- Main Reasons for the Decline:
1. The White House cryptocurrency summit did not announce a large-scale Bitcoin procurement plan, only confirming the confiscation of 200,000 BTC as strategic reserves, leading to unmet market expectations;
2. The Federal Reserve's interest rate meeting on March 18 is approaching, coupled with the U.S. imposing tariffs on steel and aluminum (effective March 12), heightening macroeconomic risk concerns;
3. A wallet associated with the dark web transferred $450 million in BTC, triggering speculation of a sell-off.
- Market Performance: Ethereum fell by over 8%, while Cardano, Dogecoin, and others saw declines exceeding 10%, with over 210,000 liquidations occurring across the network in 24 hours, totaling $583 million.
- Short-term Support: Focus on the range of $79,248-$76,900; if it breaks below, it may accelerate the downward trend; resistance for a rebound is located at $83,290-$86,330.
- Long-term Logic: The halving effect may become apparent in the second half of the year, with institutions still optimistic about Bitcoin's year-end target price of $150,000-$200,000, and Ethereum possibly reaching $6,000.
- Price Dynamics: Bitcoin is currently priced at $81,888, with a daily decline of 6.5%, reaching a low of $80,000, which is approximately a 12% drop from the high of $92,000 on March 7. The total cryptocurrency market capitalization has shrunk to $2.81 trillion, and the Fear and Greed Index has dropped to 28 (extreme fear). 点击加入王牌KOL策略聊天室
- Main Reasons for the Decline:
1. The White House cryptocurrency summit did not announce a large-scale Bitcoin procurement plan, only confirming the confiscation of 200,000 BTC as strategic reserves, leading to unmet market expectations;
2. The Federal Reserve's interest rate meeting on March 18 is approaching, coupled with the U.S. imposing tariffs on steel and aluminum (effective March 12), heightening macroeconomic risk concerns;
3. A wallet associated with the dark web transferred $450 million in BTC, triggering speculation of a sell-off.
- Market Performance: Ethereum fell by over 8%, while Cardano, Dogecoin, and others saw declines exceeding 10%, with over 210,000 liquidations occurring across the network in 24 hours, totaling $583 million.
- Short-term Support: Focus on the range of $79,248-$76,900; if it breaks below, it may accelerate the downward trend; resistance for a rebound is located at $83,290-$86,330.
- Long-term Logic: The halving effect may become apparent in the second half of the year, with institutions still optimistic about Bitcoin's year-end target price of $150,000-$200,000, and Ethereum possibly reaching $6,000.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.