Crypto Overnight Highlights — Get the Market Focus in 1 Minute | 3/9

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1⃣ $BTC briefly broke above $70K, but quickly retraced to around $66K.

$ETH followed suit, dropping from $2,000 back to around $1,900.

Breakouts without volume rarely hold — the market is still searching for real momentum.


2️⃣ Oil prices surged, pushing crude contracts on Hyperliquid into the top three by 24-hour trading volume.

Donald Trump commented that the oil spike was “an expected setback.”

Apparently everything is already in Trump’s playbook.


3️⃣ Asian markets opened in panic:

  • KOSPI fell nearly 8%, triggering a circuit breaker.

  • Nikkei 225 plunged close to 7%.

The oil shock sent the Asian session straight into risk-off mode. Retail traders — hang in there.


4️⃣ The well-known “iron-headed crude oil short seller” who previously lost $1.55M from liquidation has opened another $6.48M short position on oil.

Conviction or stubbornness — the market will decide.


5️⃣ Longgang District in Shenzhen is reportedly preparing policies to support OpenClaw & OPC ecosystem development.

A bold bet — essentially wagering that OpenClaw becomes a platform, not just another short-lived project.


6️⃣ Mojtaba Khamenei, son of Ali Khamenei, has reportedly become Iran’s new Supreme Leader.

Trump responded: “Without my approval, Iran’s new Supreme Leader won’t last long.”

Looks like another geopolitical saga is just beginning.


7️⃣ The Crypto Fear & Greed Index has dropped back to single digits — now at 8, signaling deepening extreme fear.


8️⃣ On Polymarket, the probability that BTC drops to $65K in March has climbed to 80%.

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.
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