OSL Trading Hours: The overall market maintains a bearish trend, and March 7 may become the key to the price trend of cryptocurrencies

1. Market Observation

Keywords: Trump, ETH, BTC

Recently, the Altcoin market has shown generally negative sentiment under huge selling pressure. After the price of BTC fell below $82,000, large holders (whales) sold more than 40,000 BTC, causing the largest inflow of funds to exchanges in months. At the same time, the Altcoin market also showed a bearish sentiment, and there was a large outflow of funds from digital asset investment products. During this market turmoil, White House AI and Cryptocurrency Advisor David Sacks revealed that he had liquidated his Altcoin holdings before Trump took office. However, there are still some positive signals in the market: Crypto analyst Peter Brandt predicts that Ethereum may experience significant volatility in the future, with a target price of $6,000; In addition, Metaplanet took the opportunity to increase its holdings by 156 BTC (about $13.4 million), bringing its total BTC reserves to $222 million. However, the overall market still maintains a bearish trend, the main reason being that BTC needs to fill the CME gap below $90,000. The market's focus has now shifted to March 7, and it is expected that several important events that day may trigger significant market volatility. It is worth noting that after Trump disclosed his Altcoin holdings, Standard Chartered Bank reiterated its forecast of a BTC price target of $500,000.

2. Key Data (as of 09:30 HKT on March 5)

• S&P 500: 5,778.15 points (YTD -1.76%)

• Nasdaq: 18,285.16 points (YTD -5.31%)

• 10-year US Treasury yield: 4.247% (YTD -32.90 bps)

• US Dollar Index: 105.59 (YTD -2.66%)

• BTC: $86,985 (YTD -6.88%), daily spot trading volume of $63.81 billion

• ETH: $2,173.28 (YTD -28.88%), daily spot trading volume of $34.86 billion

3. ETF Flows (March 4 EST)

• BTC ETF: -$80.9 million

• ETH ETF: +$19.2 million

4. Important Dates (Hong Kong Time)

FOMC permanent voter, New York Fed President Williams speaks at the Bloomberg Investment Forum (March 5 03:20)

US President Trump invited to deliver his first speech to Congress (March 5 10:10)

US ADP Employment Change (Feb, 10k) (March 5 21:15)

• Actual: N/A / Prior: 18.3 / Expected: 14

US EIA Crude Oil Inventories (Feb 28 W/W, 10k) (March 5 23:30)

• Actual: N/A / Prior: -233.2 / Expected: N/A

US Initial Jobless Claims (Mar 1 W/W, 10k) (March 6 21:30)

• Actual: N/A / Prior: 24.2 / Expected: 23.5

FOMC permanent voter, New York Fed President Williams and Fed Governor Bowman participate in a panel discussion at the University of Chicago Booth School of Business US Monetary Policy Forum (March 7 23:45)

US President Trump hosts Altcoin Summit at the White House (March 8 02:30)

Fed Chair Powell speaks at the University of Chicago Booth School of Business 2025 US Monetary Policy Forum Luncheon (March 7)

US Unemployment Rate (Feb) (March 7 21:30)

• Actual: N/A / Prior: 4% / Expected: 4%

US Nonfarm Payrolls (Feb, SA, 10k) (March 7 21:30)

• Actual: N/A / Prior: 14.3 / Expected: 15.3

North America begins Daylight Saving Time, US and Canadian financial markets and economic data release times will be one hour earlier than Standard Time. (March 9 14:00)

5. Hot News

Upbit to list KAITO token on KRW, BTC, USDT markets

Wallets associated with Ethena Labs deposited 29.87 million ENA, worth about $11.52 million, to Binance

The whale who received the most ETH in the Genesis Trading liquidation payout has sold 40,000 ETH in the past two days

Moody's: Trump's tariffs could lead the US economy into stagflation, the Fed may raise interest rates

The White House Altcoin Summit will begin at 2:30 am Beijing time on March 8

VanEck: Solana's proposed two upgrades will enhance the network, but will significantly reduce validator rewards

As the MEME coin craze cools, Pump.fun's daily trading volume has plummeted 94% from its January peak

El Salvador President: The action of buying BTC will not stop due to the IMF agreement

The US Senate voted to pass a bill to repeal the IRS Altcoin rules, awaiting a vote in the House

Reddit co-founder joins the TikTok acquisition team, plans to "chain" the social app

ETH falls below $2,000, down 3.67% intraday

Jupiter Collective announces 2030 team strategy: plans to allocate 280 million JUP to team members over the next 3 years

Aave updates token economic model, plans to buy back $1 million AAVE per week initially

CryptoQuant CEO: BTC may continue to remain depressed before the US market sentiment improves, the market doesn't care about retail investors

Possibly affected by the addition of the Binance Watchlist tag, tokens such as NULS, ALPACA, and COMBO have dropped over 20% in the short term

Placeholder Partner: This is a bull market correction, not the top of this bull cycle

Binance HODLer Airdrop launches 11th project - GoPlus Security (GPS)

Adam Cochran: Trump has no unilateral power to abolish Altcoin capital gains tax, only Congress can

Arthur Hayes: Firmly believes we are still in a bull market cycle, worst case BTC could drop to $70,000

Zora releases ZORA token economics: 10% for retroactive airdrops

Yuga Labs announces that the US SEC has officially concluded its investigation

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