Trading time: BNB chain pays attention to CZ's avatar change, institutions wait and see mainstream currencies

03-19

This article is machine translated

Show original

1. Market Observation

Keywords: BNB, ETH, BTC

The Meme market on the BNB Chain is booming, with the on-chain market closely related to the words and actions of CZ and He Yi. The market's focus is on CZ's upcoming avatar change. In the past 24 hours, 4 new Meme projects on the BNB Chain have seen their market capitalization exceed $1 million. However, institutional investors are relatively cautious about Meme coins. Cathie Wood, the founder of ARK Investment, warned in a recent Bloomberg TV interview that most Memecoins in the $2.6 trillion crypto market will likely be "worthless" in the end. She pointed out that while the combination of blockchain and AI has spawned "millions" of Memecoins, these tokens have limited actual value, and ARK's private funds will not invest in such assets.

In contrast, Wood is optimistic about the development prospects of mainstream cryptocurrencies such as Bitcoin, Ethereum, and Solana, predicting that Bitcoin could reach $1 million by 2030. However, Ki Young Ju, the CEO of CryptoQuant, said that although he has been bullish on the market for the past two years, the current data has clearly weakened, and the market may have entered a bear market. On the Ethereum side, the MVRV ratio is around 0.9, at a historical low, a level usually associated with good entry opportunities.

At the macro level, QCP Capital analysis believes that while the likelihood of a rate cut by the Federal Reserve this week is extremely low, any dovish signals from Powell could be a catalyst for Bitcoin's rise. Overall market volatility has eased, with the VIX index falling to around 20. In terms of institutional participation, a recent Coinbase survey shows that 83% of institutional investors plan to increase their cryptocurrency allocation this year, reflecting growing confidence in digital assets as the regulatory environment becomes clearer.

2. Key Data (as of 13:30 HKT on March 19)

Bitcoin: $83,173.19 (-10.99% YTD), daily spot trading volume of $19.375 billion
Ethereum: $1,939.26 (-41.89% YTD), daily spot trading volume of $11.716 billion
Fear & Greed Index: 23 (Fear)
Average Gas: BTC 2 sat/vB, ETH 0.46 Gwei
Market Dominance: BTC 60.6%, ETH 8.6%
Upbit 24-Hour Trading Volume Ranking: XRP, AUCTION, LOOM, BTC, UXLINK
24-Hour BTC Long/Short Ratio: 0.9701
Sector Performance: SocialFi sector up 3.25%, RWA sector up 2.48%
24-Hour Liquidation Data: Global total of 94,598 liquidations, with $198 million in total value liquidated, including $60.07 million in BTC and $35.81 million in ETH

3. ETF Flows (as of March 18 EST)

Bitcoin ETF: $209 million
Ethereum ETF: -$52.8156 million

4. Today's Outlook

US EIA Crude Oil Inventories (WoW) (March 19 22:30)

Actual: Unannounced / Previous: 144.8 / Expected: Unannounced

FOMC Announces Interest Rate Decision and Economic Projections (March 20 02:00)

US Fed Interest Rate Decision (Upper Bound) (March 20 02:00)

Actual: Unannounced / Previous: 4.50% / Expected: 4.5%

Fed Chair Powell Holds Monetary Policy Press Conference (March 20 02:30)

Polyhedra Network (ZKJ) will unlock approximately 15.53 million tokens at 8 AM Beijing time on March 19, accounting for 25.72% of the current circulating supply, valued at approximately $31.8 million;

Top 500 Market Cap Biggest Gainers Today: RSS3 up 101.57% in 24 hours, Dohrnii (DHN) up 44.07%, EOS up 27.28%, AUCTION up 25.94%, LOOM up 25.74%

5. Hot News

BNB

1.26%

Sector:

Centralized Exchange (CEX) Token

Smart Contracts

SEC Security Token

Source

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.

Add to Favorites

Comments

Relevant content