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Tonight's core factors are CPI + tech stock volatility + Middle East news, three variables overlapping
US stocks Tonight's looking like high volatility. On Tuesday, US stocks showed a clear divergence: the Nasdaq dropped about 1%, the S&P lost around 0.3%, while the Dow ticked up slightly. The main pressure is on AI, chips, and tech stocks, while healthcare, transport, and finance held up relatively well. Tonight's pre-market focus is on the US May CPI, with the market expecting a year-over-year increase of about 4.2%. The data will be released before the US market opens, around 20:30 Beijing time. If the CPI comes in higher than expected, there will be upward pressure on rates, hitting tech and overvalued stocks; if it's lower than expected, there might be a rebound window for the Nasdaq and chips. Another disturbance is the news from Iran; overnight, Dow, S&P, and Nasdaq futures were affected and weakened. Oil prices and US bond yields will also amplify volatility during the session.
🚀 Cryptocurrency Market Update: CPI Soars, BTC Experiences Wide Fluctuations, Both Bulls and Bears Suffer!
Last night, the March CPI data was officially released, and the market experienced a thrilling "roller coaster":
1️⃣ Inflation Exceeds Expectations: March CPI increased by 3.3% year-on-year (previous value 2.4%), core CPI at 3.7%. The “backtracking” on inflation has cooled down interest rate cut expectations, putting pressure on both the US stock market and the cryptocurrency market.
2️⃣ BTC Peaks and Retraces: Bitcoin briefly reached a historic high of $73,372 before the data was published, but then retracted to around $71,800 due to adverse macroeconomic factors. Currently, it is oscillating around the 72,000 mark, showing clear signs of a washout.
3️⃣ ETH Shows Resilience: Ethereum did not follow the broader market's deep decline, firmly holding the $2,200 level and currently rebounding to $2,265. The ETH/BTC exchange rate is building a bottom, and funds seem to be looking for opportunities to switch to safer investments.
4️⃣ Institutional Attitude: Despite the negative macro data, institutions like TD Cowen still maintain a “buy” rating on crypto assets. The tug-of-war between long-term funds and short-term speculators has intensified.
Summary: With the data released, has the bad news been fully priced in or is a downward trend starting? The resistance above 73,000 remains strong, and it is advised that traders control their positions and be wary of a liquidity drought spike over the weekend.
Do you think BTC can stabilize above 73,000 next week? 👇
BTC strongly returns above $71K, at one point approaching $73K, ETH rises to $2.2K+, mainstream coins collectively rebound📈
The logic behind this is straightforward: 🌍 Geopolitical risks ease (expectations of a US-Iran ceasefire) → Risk assets collectively recover 💰 Daily incremental funds in the market exceed $100B, sentiment quickly shifts to Risk-on
But be cautious: ⚠️ This wave is more like an "event-driven rebound," not a trend reversal confirmation ⚠️ Macroeconomic variables (Middle East situation) remain the biggest uncertainty
📊 Current market structure: → BTC dominance rises (close to 57%) → Altcoins surge but differentiation intensifies → Short-term sentiment > fundamentals
In summary: 👉 The market is betting on "bad news being fully priced in," but it's not yet a time for blind bullishness $BTC
⚠️The Solana ecosystem DeFi protocol Drift Protocol has suffered a major attack, with preliminary statistics showing that approximately 220 million to 270 million dollars' worth of assets have been suspiciously transferred to the address "HkGz4K", and then part of it was bridged to Ethereum to buy ETH. So far, 19,913 ETH have been purchased, worth 42.6 million dollars.
I hope it doesn't get taken down~ I want to collect it a bit 🤣🤣🤣 5.3 bought in now 0.02 I don't know how many times it is~ I hope it can have collectible value $DYM
3.31 Cryptocurrency Overview|The rebound continues, but the risks are approaching
BTC has returned above $67,000, and ETH has strongly reclaimed $2,050, as the market experiences a wave of "oversold recovery." However, the on-chain liquidation pressure remains concentrated around the $67.2k level, and the long-short battle is not over yet. Don't be blinded by the rebound.
On the macro side, things are getting interesting—Trump has signaled a "possible end to the Iran conflict," directly driving a recovery in risk assets. BTC and U.S. stocks have risen together, while gold has also strengthened, showing a rare resonance between safe-haven and risk assets.
Policy continues to add positive points: ✔️ The U.S. plans to open 401(k) investments in BTC ✔️ Legislation to promote "Bitcoin strategic reserves" 👉 Traditional funding channels are gradually being opened up
The liquidity situation is also starting to move: • FTX today initiated $2.2 billion in compensation (potential incremental liquidity) • Institutions are buying ETH (around 71,000 units) • New ETF products are continuously coming online
📊 Next, keep an eye on 3 things: 1️⃣ Whether the FTX compensation funds will flow back into the market 2️⃣ Whether the situation in the Middle East will continue to ease 3️⃣ Whether non-farm payroll data will trigger new volatility
In summary: The rebound is real, but structural risks remain. This feels more like a "sentiment recovery period" rather than the starting point of a mindless bull market. Cautiously optimistic.
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$ONDO Recently, this trend is actually very typical — a rise, a pullback to the middle zone, and now it's stuck in a position that is neither up nor down; the real competition has just begun.
Now the price is hovering around 0.26 repeatedly; this position is not random, it's a "support zone" within a trend. Simply put: The people who chased high, those who picked up chips at low, and those who want to catch the bottom are all meeting here.
👉 If it can stabilize here, what does it indicate? It indicates that there is capital stepping in and someone is willing to hold on, so there will be an opportunity to push up again, aiming for 0.29 or even higher; this is the script the bulls want.
👉 But what if it can't hold here? Then it becomes very realistic — this wave of increase is just a rebound, and it may need to find support again below, or even return to a lower range to wash out the chips.
The key point is actually not the price itself, but the "emotion": This period of fluctuation is essentially filtering people — Those who can't hold on leave, and those who can stay.
Many people might feel that the market is uninteresting, but in fact, the opposite is true: The more it is this kind of grinding position, the closer it gets to the real choice of direction.
In a word: It's not a question of whether it goes up or down, but a question of "who is still in the game."