2025/3/12 Crypto Market Hotspot Summary 🚨

312 Fifth Anniversary, E/B exchange rate hits a new low since 2022. Positive news.

Mainstream Market 📈

1: #BTC Once again surpasses 80,000 USD, with the highest rebound nearing 84,000 USD. The first choice for market bottom fishing remains Bitcoin, with BTC market share continuing to rise to 62%. In terms of ETFs, there is still a net outflow, with an outflow amount of 371 million USD.

2: #ETH Also welcomed a certain degree of rebound, but still weaker than Bitcoin. The ETH/BTC exchange rate has fallen below a new low for the year, dropping to levels not seen since June 2022. The ETF also saw a net outflow of 21.6 million USD, with Ethereum continuing to be the target of market criticism, while Vitalik has not made any social media statements for ten consecutive days.

3: Altcoins followed the overall market trend and experienced a rebound, but no one has emerged with an independent market trend. #banana surged over 40%, and it is still unknown what the positive news is, likely just a simple operation in market capitalization management by the whales.

🚦 On this special day of 312, the market has gradually returned to calm from the panic of the previous days. The market is still in a stage of oversold rebound, with no currency or sector showing counter-trend performance, indicating a continued lack of liquidity and new narratives. Bitcoin remains strong, and the fear index at 34 is still in a state of panic. Most people are still primarily engaged in short-term operations, bottom fishing for a rebound before exiting, while a minority are following high-leverage contracts, with a general bearish outlook.

Hot Events 🔥

1: The U.S. House of Representatives, with a bipartisan majority, passed a resolution with 291 votes to 132, overturning the IRS's broker rules targeting DeFi platforms.

2: Ukraine is preparing to accept the 30-day ceasefire proposal put forward by the U.S., and the U.S. will continue to restore aid to Ukraine, although it will still require the willingness of Russia.

3: Metaplanet will issue 2 billion yen in 0% ordinary bonds to purchase additional BTC.

4: CBOE submitted a proposal allowing Fidelity’s ETH ETF to stake.

5: The SEC postponed its decision on a range of cryptocurrency ETFs including SOL, XRP, LTC, and DOGE.

6: Hyperliquid's ‘insider whale’ again goes long 50x on ETH and 20x on BTC, with positions exceeding 100 million USD each.

🚦 Companies issuing bonds to buy Bitcoin, regulatory relaxation, ETH ETF staking, and the Russia-Ukraine ceasefire are all positive developments. However, community sentiment remains largely bearish, with most people writing small essays, managing funds in USDT, and then traveling, feeling a significant disconnection.