2025/3/13 Crypto Market Hotspot Summary 🚨

MGX invests in Binance, CPI data is below expectations.

Mainstream Market 📈

1: #BTC remains in a narrow range above 80,000, with ETF finally starting to see a net inflow of 13.3 million USD, ARKB being the largest buyer.

2: #ETH has been hovering at a low level, with constant news showing that large holders are cutting losses and selling, prices have dropped to the point where many who bought during the bear market are starting to incur losses, and the positive expectations from ETF pledging are unable to influence prices. From various aspects including exchange rates, prices, and sentiment, it has fallen to a trough, with ETFs continuing to see a net outflow of 10.3 million USD.

3: Altcoins #bnb saw a slight increase due to positive news from MGX's investment, while other mainstream tokens had no independent market performance. The SOL chain remains quiet, but Base is somewhat more active.

🚦 BTC's market share continues to remain high, indicating that there is no significant risk appetite for funds. The market cap of stablecoins continues to increase, while the altcoin market led by ETH remains sluggish, with no innovations or hotspots on-chain. The U.S. stock market seems to show signs of stopping the decline, with Tesla and Nvidia both rebounding last night; future trends will depend on monetary and tariff policies.

Hot Events 🔥

1: The SEC has acknowledged the submission allowing Fidelity and Franklin Templeton to pledge the spot $ETH ETF documents.

2: CBOE, representing Franklin Templeton, submitted documents regarding the SOL ETF.

3: MGX announced a $2 billion investment in Binance, the largest single investment by a cryptocurrency company, with all investments completed through stablecoin payments.

4: U.S. inflation rate falls to 2.8%, with CPI data fully below expectations.

5: Hyperliquid was exploited by a whale, resulting in a loss of 3.3 million USD, with the whale profiting 1.857 million USD upon exit, and the project team adjusting mechanisms to lower contract limits.

🚦 Bottom consolidation needs time to digest; maintaining stability without decline or sideways movement is already a good outcome. The market no longer fantasizes about an altcoin season, with more discussions about whether Bitcoin can decouple from U.S. stocks and create an independent market, or whether the bull market is still present. There is liquidity in the market, but buying has ceased; the market has moved from on-chain PVP to secondary PVP, and everyone is smart money, not wanting to be the next holder.