1. Market Observation
Keywords: SOL, ETH, BTC
Market volatility has become the norm. BTC fell below $80,000 again this morning. Crypto analyst Eugene said that the overall trend is still bearish, although there is a possibility that BTC has bottomed at $76,000 or a Double Bottom in the $74-76,000 range, but this probability is decreasing over time. He expects BTC may test the $66,000 psychological level set by Michael Saylor, and pointed out that the uptrend or range of BTC has been broken in all time frames, and $75,000 is now the last key support level. For SOL, Eugene believes $80 is a good buy-in price, but if it breaks below this level, the next support will directly fall to $25.
Meanwhile, Ethereum's performance is more sluggish. The Relative Strength Index (RSI) on the ETH/BTC two-week chart has fallen to a historical low of 23.32. Although RSI below 30 is usually seen as an oversold signal, the continued downtrend indicates that the downward trend is accelerating. Analyst Alessandro Ottaviani described it as a "flying knife" market, implying that buyers find it difficult to grasp the entry timing. If ETH/BTC fails to rebound from the 0.022 level, ETH/BTC may continue to fall to the 0.020-0.016 BTC range, a further 30% drop from the current price. Currently, Ethereum is facing strong competition from rivals like Solana, with VanEck data showing that the trading volume of Solana's decentralized exchanges has surpassed Ethereum. Crypto analyst Benjamin Cowen believes that Ethereum will have to go through a "painful period" before rebounding, and its current trend is repeating the market cycle of 2019, waiting for changes in monetary policy to bottom out.
2. Key Data (as of 13:00 HKT on March 14)
BTC: $81,912.51 (-12.43% YTD), daily spot trading volume $31.072 billion
ETH: $1,890.33 (-43.28% YTD), daily spot trading volume $19.235 billion
Fear & Greed Index: 27 (Fear)
Average Gas: BTC 2 sat/vB, ETH 0.43 Gwei
Market Dominance: BTC 60.72%, ETH 8.25%
Upbit 24h Trading Volume Ranking: XRP, BTC, TRUMP
24h BTC Long/Short Ratio: 0.992
Sector Performance: SocialFi +2.49%, RWA -2.22%
24h Liquidation Data: Global $204 million, BTC $75.749 million, ETH $35.895 million
3. ETF Flows (as of March 13 EST)
BTC ETF: -$143 million
ETH ETF: -$73.63 million
4. Important Dates (Hong Kong Time)
US President Trump meets with US tech leaders, including CEOs of HP, Intel, IBM, and Qualcomm. (March 11, 2:00)
US President Trump signs an executive order. US Feb Unadjusted CPI YoY (March 12, 20:30)
Actual: 2.8 / Prior: 3% / Expected: 2.9%
US Feb CPI MoM SA (March 12, 20:30)
Actual: 0.2% / Prior: 0.50% / Expected: 0.30%
US Initial Jobless Claims (March 13, 20:30)
Actual: 22 / Prior: 22.1 / Expected: 22.2
5. Hot News
Lit Protocol Announces LITKEY Token Economics: 4.8% for Ecosystem Airdrops
US Court Approves 3AC's $1.53 Billion Claim Against FTX
US Treasury Meets with Crypto Custodians to Discuss BTC Reserve Management
US Government Wallet Transfers Thousands of AVAX Tokens 9 Hours Ago
World Liberty Finance Increases SEI Token Holdings by $100,000 4 Hours Ago
Coinbase to List DOGINME (doginme) on Asset Roadmap
US Democratic Lawmakers Pressure Treasury to Halt Trump's BTC Reserve Plan
US Stocks Close: Nasdaq Down Nearly 2%, Apple Down Over 3%
Insiders: BNY Mellon Expands Services for Stablecoin Issuer Circle
Robinhood to List PENGU, POPCAT and PNUT
Solv Raises $10 Million for BTC Reserve Issuance to Drive Institutional BTC Finance Adoption
CBOE Files 19b-4 Application for Franklin XRP ETF with US SEC
6 of Trump's 22 Cabinet Members Hold BTC or Related Investments
