Key Market Information Gap on March 11th - A Must-Read! | Alpha Morning Report
1. Top News: Cryptocurrency Market Fear Continues, Still in "Extreme Fear" Territory 2. Token Unlock: $EIGEN
Top News
1.Crypto Market Fear Continues, Still in "Extreme Fear" Territory
3.Analyst: Bitcoin's Current Consolidation Phase May Transition into a Mid-term Bear Market
4.Arthur Hayes: Don't Rush to Buy the Dip, Wait for the Fed to "Print" Before Adding to Positions
Articles Threads
1. "'Transition Period' Intensifies Fear, US Stocks Once Again Drag Down Bitcoin"
Last night, Bitcoin continued to dive, falling to a low of $76,650, currently trading at $77,600, a 4.5% drop in 24 hours, hitting a new low since November 2023. According to Coinglass data, the Ethereum network's liquidation volume in nearly 12 hours reached $765 million, with long positions liquidated at $674 million and short positions at $91.21 million. Since March, the total market cap of the cryptocurrency sector has been declining, falling to $2.6 trillion at the time of writing, currently at $2.62 trillion, with a 7% drop in 24 hours.
With Backed launching a tokenized version of Coinbase stock (wbCOIN) on the Base blockchain, SEC regulation seems to have fully opened the door. This may signal a transformative shift in the financial market, foreshadowing the potential tokenization of other U.S. stocks soon. For traders, this not only brings new market opportunities but also introduces unique trading strategies.
Market Data
Daily Market Overall Funding Heatmap (reflected by funding rate) and Token Unlocks
Data Source: Coinglass, TokenUnlocks
Funding Rate
Token Unlocks
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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