2025/3/11 Cryptocurrency Market Hotspot Summary 🚨

Double Kill for Stocks and Coins! Recession expectations are intensifying, and there is a strong risk-averse sentiment in the market.

Mainstream Market 📉

1: #BTC Bitcoin has dropped to a recent low of $76,600, which has wiped out all gains since the U.S. elections. ETFs continue to sell off, with a net outflow of $278 million. In the face of insufficient liquidity, investors are choosing to sell off assets to avoid risk.

2: #ETH has fallen to the levels of the 2022 bear market, dropping below $2,000, with a significant number of positions waiting to be liquidated on-chain. After the drop in Bitcoin, as liquidations were triggered, it briefly reached $1,750. The market sentiment for Ethereum is also grim, with a net outflow of $34 million from ETFs.

3: #Altcoin No altcoin is spared, with SOL dropping below $120 and ADA falling to $0.65. The relatively strong performer is still BNB, but given that platform tokens are often controlled by large holders, it is normal for them to drop less.

🚦 U.S. stocks collapsed upon opening, with #Tsla down over 15% and Nvidia also down 5%, completely resembling a stock market crash. The market is opting for safety due to concerns over Trump’s tariff policies and the risk of rising inflation. The entire crypto sector, whether #Coinbase or #Strategy, is experiencing significant declines.

Hot Events 🔥

1: @Michael Saylor indicates that Strategy has launched a $21 billion STRK financing plan to buy BTC, currently holding nearly 499,000 coins; however, MSTR still plummeted after the opening.

2: ARK Invest has bottom-fished in Tsla, Coinbase, and Robinhood, investing a total of $70 million. Cathie Wood stated that the market is digesting the final stages of economic recession, and Trump and Powell leading the Federal Reserve will give investors more freedom, laying the groundwork for deflation in the second half of 2025.

3: Liangxi has continuously hit contract positions, with last night's crash resulting in high leverage shorts making profits of several million dollars.

🚦 Bitcoin has completely followed U.S. stocks, while altcoins have become stagnant. Both mainstream coins and MEME coins have seen declines of over 70%. Since the beginning of 2025, both U.S. stocks and the cryptocurrency market have experienced major corrections, while Hong Kong stocks and the A-shares market have shown profitable effects. The east is rising while the west is falling in stock market performance, which is indeed happening. If no positive policies are introduced soon, the halt in U.S. stock declines will remain a looming sword over them.