0xNorthCap

This position should experience a fake rebound
$BTC $90000
$ETH $1800
$SOL $150
When everyone thinks the bull market is back
There will be another drop to completely crush the public's mindset
Then the second phase of the bull market will truly begin
#MichaelSaylor暗示增持BTC

The biggest problem in the cryptocurrency world right now is strategic confusion, with a bleak and unclear outlook. Besides casino logic and payments, there isn't much value temporarily; what we have are only a large amount of false demand, which is also the reason for the failure of VCs in this round of market. After all, the original intention of VCs should be value discovery, but if the industry itself has no value, how can anyone discover it? 🤷 #BTC

In the next round of the market, whoever can lead everyone through the fog to achieve value discovery will be the next crypto emperor. Whoever can clearly answer where the cryptocurrency world is headed will be the leader of the crypto world.

Recent Status of the Cryptocurrency Industry:
1. Binance's listing has become chaotic, with spot contracts and IDOs being listed at lightning speed, and the quality of new projects becoming increasingly outrageous. The reference market cap for spot listings has dropped to 100 million USD;
2. Small coins listed on exchanges are entering a wave of rug pulls/bankruptcies, with K-line flash crashes + liquidity disappearing. One reason is that the overall environment is so poor that it's hard to make money, and the other is that previously, BN's spot shells were very valuable, so project teams were willing to maintain them with real money during the bear market. Now, the rampant listing of garbage has completely diluted the value of these shells, so project teams are also unwilling to maintain them; when the K-line breaks, it just breaks.
3. The cryptocurrency market has entered a period of demand deflation, meme coins have cooled off, there is a lack of new narratives and paradigms, retail investors are fatigued by junk assets, and there is insufficient intrinsic demand within the industry. ETH, SOL, and BNB are all facing this issue.
4. Being held hostage by U.S. macroeconomic factors, when U.S. stocks crash, BTC will certainly crash; when BTC crashes, ETH and many small coins will certainly crash even harder.
#BTC

Recent Status of the Cryptocurrency Industry:
1. Binance's listing policy has become chaotic, with spot contract IDOs rapidly launching new tokens, and the quality of new projects becoming increasingly outrageous. The reference market cap for spot listings has dropped to 100 million USD;
2. Small coins listed on exchanges are entering a wave of rug pulls/closures, with candlestick charts crashing and liquidity disappearing. One reason is that the overall environment is too poor to make real profits, and another is that previously valuable BN spot shells are now worthless, so project teams are unwilling to maintain them during the bear market. Now, the rampant listing of junk has completely diluted the shells, making them worthless, so project teams are also unwilling to maintain them, and when the candlestick closes, it closes;
3. The cryptocurrency market has entered a period of demand deflation, meme coins have cooled off, and there is a lack of new narratives and paradigms. Retail investors are experiencing aesthetic fatigue towards junk assets, and there is insufficient inherent demand within the industry. ETH, SOL, and BNB are all facing this issue;
4. Being hijacked by US macroeconomics, if the US stock market crashes, BTC will definitely crash, and if BTC crashes, ETH and a host of small coins will definitely double down on the crash.

An overview of the liquidity distribution in the futures market during this period!

It is unlikely that this week will continue the trend of oscillating and declining, mainly because the liquidity accumulated in the current futures market is sufficient for larger range oscillations;

There is very dense short liquidity at the upper level of 89000, while the long liquidity at the lower level of 79500 is relatively loose but uniform;

The total amount of both is close, so it can be inferred that in the absence of strong supply or strong demand in the spot market, the futures market will spontaneously liquidate, first in the area closer to the current price of 79500, and then in the rebound peak of the rising channel at 89000.

If this week sees a drop to 79000 followed by a violent rebound to 89000, I would not be surprised at all, as most oscillating markets behave this way:

Reality confirms high volatility at the upper and lower bounds of the range, followed by small fluctuations testing the upper and lower bounds of the range, and finally both supply and demand sides complete mutual consumption, re-entering a high volatility market for the final showdown;

In other words, if higher volatility occurs in the next two weeks, then it will not be far from breaking away from the current range (95000~78000) and entering the next trend!

The explanations of ETH in the Chinese circle are mostly technical. The true cultural core of crypto is the belief in decentralization, which determines its lower limit. BTC essentially represents the decentralized meme king, while ETH not only wants to maintain decentralized attributes but also aims to achieve true utilization, unwilling to cater to hot money from the dollar. Short-term pressure is inevitable.

To wear the crown, one must bear its weight
#eth

Latest Developments in DeFi

BlackRock's BUIDL fund has expanded to Solana

Chainlink collaborates with Abu Dhabi Global Market to develop a compliant tokenization framework in the UAE

Sonic announces the development of a high-yield algorithmic stablecoin with an annual interest rate of up to 23%

Beraborrow launched its token POLLEN and plans to publicly sell it on Fjord Foundry on March 28. Just a few days ago, Beraborrow's private sale sold out in just 10 minutes

The final testnet for the Ethereum Pectra upgrade has been launched

dYdX has initiated its token buyback program. 25% of net protocol fees are now allocated to monthly DYDX buybacks

Hyperliquid has launched ETH spot trading. In addition, the exchange suffered an attack earlier this week due to market manipulation

Berachain liquidity proof is now live

Resolv announced plans to expand to new blockchains and add BTC as a supporting asset for its stablecoin

CARV launched Infinite Play—a data-driven engine that collects data for game developers while rewarding gamers

Rysk Finance introduced a new DeFi primitive that unlocks upfront yield on any asset

WorldLibertyFi announced plans to launch its own stablecoin

Kernel DAO (the project behind Kelp DAO) released its airdrop checker

Fidelity Investments, with assets under management of $5.8 trillion, has applied to establish an on-chain U.S. Treasury fund

Polymarket has added support for Solana deposits

This year will inevitably be a year for all market participants to collectively demystify various industry narratives...

I think it's a good thing; it will be harder for everyone to cut off in the future...
#GameStop将比特币纳入储备资产

The cryptocurrency world is a cycle of constantly telling stories and then being debunked...

The winners are always those who can tell new stories...

In this industry, I currently only believe in one story, and that is the one told by Satoshi Nakamoto...

The total amount of stablecoins in the cryptocurrency market is around 200 billion;

but the total market value of all cryptocurrencies is 2.8 trillion, that's right, 2800 billion...

Don't you feel something is off?

The M2 money supply in the US is around 20 trillion, while the total market value of US stocks is only over 60 trillion...
#美国加征关税

Today, the total open interest across the network has reached a new high since early March (10.833 billion USD), the exchange's BTC balance has hit a new low since early March (2,205,906.42 BTC),
BTC spot ETF has seen a net inflow for 6 consecutive days since last Monday, while ETH spot ETF has almost continuously experienced net outflows this month (only one day of net inflow).
57,044,887,299

$ICP

Will the wind continue to blow back the #bitcoin ecosystem?
We'll wait and see.

#BTC
93 and above take one step at a time

The Air Force is all about fuel

This week (before the tariff implementation on April 2) will likely experience a corrective market trend, so I will focus on low long positions, with the upper target around 93-95, #Strategy增持比特币

#BSC #MEME From today's new meme on the BSC chain, it seems to have basically entered a dull stage of entrepreneurial cash flow projects. Rapidly replicating meme IPs from SOL, re-releasing clone projects, most of which are just entrepreneurial ventures by friends or factory cash flow projects.
Additionally, from the data on cross-chain bridges, there hasn't been much incremental capital flowing from outside the BSC chain to BSC, indicating that most of the players on BSC are still just previously retained users and users from CEX main sites.

Global M2 (money supply) is experiencing explosive growth.

$BTC soon 📈

We know that when RWA became one of the main narratives now, we are in a bear market
#RWA

There are two key dates in March, providing an SSS-level script for friends who are stuck:
On March 20th, the Federal Reserve cuts interest rates by 25 basis points, finally allowing the long-awaited liquidity to flow.
On March 30th, the SEC approves the Ethereum ETF filing 19b-4, signaling a major revival for altcoins is coming.
Alright, it's time to start dreaming.
#ETH

The large pancake has been consolidating around 83000 for so long, likely waiting for the information and decisions regarding interest rate cuts from Japan, the US, and Canada to be announced, as well as the subsequent hawkish or dovish comments.

Assuming Japan raises interest rates on March 19, the market will likely drop first out of respect.
Assuming the US announces no rate cut in the early morning of March 20, the market can be interpreted as having the negative news priced in, but it can also be seen as a new positive trend about to begin.

Then we wait for Mr. Powell to speak and release the dot plot. If he speaks in a dovish manner and the dot plot provides strong confidence for rate cuts, the market can stabilize and recover somewhat from the drop caused by Japan's rate hike. This would be a more moderate approach and could slightly recover the losses caused by Japan's rate hike.

If the comments are hawkish, with Japan's rate hike and the Fed pausing rate cuts overlapping, it may create expectations of "double tightening," and the market could face the impetus to break the previous low and test 72000.