Summary
- Market Focus Analysis: Amid weekend liquidity being relatively thin, BTC experienced a rapid decline followed by a low-level consolidation phase; ETH’s overall trend was weaker than BTC, and the market remains in a weak equilibrium structure after deleveraging. Meanwhile, geopolitical risks drove significant increases in crude oil and precious metals prices, with funds temporarily shifting toward defensive assets.
- Liquidity Analysis: The continued strength in precious metals prices has boosted trading demand. The order book depth for XAUT shows multiple proactive buy orders during the price rise, while sell orders concentrate at higher levels, increasing short-term selling pressure. Additionally, mainstream CEX platforms are increasing the number of metal products in the TradFi asset sector, reflecting rising demand for safe-haven assets.
- On-Chain Data Insights: DEX trading volume shows event-driven pulse surges, but overall scale remains below historical cycle highs. Stablecoin supply remains high and sideways, indicating funds are mostly in a wait-and-see mode or awaiting allocation. Liquid Staking TVL has slightly declined, and Aave’s cross-chain lending volume continues to decrease, suggesting the market is in a mild and active deleveraging phase.
- Derivatives Tracking: BTC open interest continues to decline significantly from the 2025 high, indicating a clear reduction in overall market leverage. Funding rates remain negative but have not worsened further. Options market trading volume and implied volatility are rising in tandem, showing that funds are still paying premiums for future volatility.
- Next Week Outlook: The market will focus on macro indicators such as the ISM Manufacturing and Non-Manufacturing PMI, ADP employment data, and Non-Farm Payrolls, which will influence interest rate expectations and liquidity assessments. Additionally, token unlocks for ENA, HYPE, and RED, as well as events like Espresso upgrade and Chiliz buyback and burn, may cause localized market volatility.
(Click below for the full report)
[Gate 研究院](https://www.gate.com/learn/category/research) is a comprehensive blockchain and cryptocurrency research platform providing in-depth content, including technical analysis, hot topics, market reviews, industry research, trend forecasts, and macroeconomic policy analysis.
Disclaimer
Investing in cryptocurrency markets involves high risk. Users are advised to conduct independent research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages resulting from such investment decisions.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Dogecoin Celebrates Historic First at Nasdaq Bell Ringing - U.Today
Dogecoin made history when Kimchi, a Shiba Inu, became the first dog to ring the Nasdaq bell, showcasing the cryptocurrency's cultural shift. The event, supported by the Dogecoin community, saw significant engagement and a price rise amid broader market recovery.
UToday4h ago
Iran strongly denies secret negotiations with the United States! The US-Iran conflict may escalate for a long time, Bitcoin breaks through $73,000, and Ethereum surpasses $2100
Iranian officials deny having contact with the United States to negotiate a ceasefire, calling it a "psychological warfare" and a lie. Reports indicate that Iran's intelligence agency had contacted the CIA through channels, but this was denied. Subsequently, international oil prices briefly rose and then fell back due to U.S. military plans to escort oil tankers. Additionally, the ongoing Middle East conflict continues to cause casualties and energy price hikes, with Bitcoin also rising to break through $73,000.
動區BlockTempo5h ago
UNI Rallies as Federal Court Ends Investor Case Against Uniswap Labs
Uniswap Labs won a full dismissal with prejudice, ending the investor lawsuit over scam-token losses and barring plaintiffs from refiling the same claims.
UNI rose about 6% to around $3.92 after the ruling, as traders reacted to the case being permanently closed.
UNI price rose about 6% to $
CryptoNewsFlash5h ago
Bitcoin ETFs Record $290.89M Daily Inflow, Ethereum ETFs See $18.76M Outflow on March 4
Gate News bot message, according to March 4 data, Bitcoin ETFs registered a single-day net inflow of 4,046 BTC (equivalent to $290.89 million), with weekly net inflows reaching 20,816 BTC ($1.5 billion).
Ethereum ETFs experienced a single-day net outflow of 9,049 ETH (equivalent to $18.76 million),
GateNews6h ago
Gray Scale: In February, Solana on-chain stablecoin trading volume hit a new high of $650 billion, with increasing payment demand
In February, the trading volume of stablecoins on the Solana blockchain reached $650 billion, a record high and double that of last year. The surge in retail payment demand has driven the growth of stablecoin transactions, with Solana gradually shifting from Meme coins to stablecoin trading, indicating an increase in payment use cases. Although Ethereum still dominates the market, stablecoins could become a key pillar of the Solana network.
GateNews6h ago
Lamborghini announces acceptance of Bitcoin payments
Odaily Planet Daily reports that Lamborghini, a top sports car manufacturer with a market capitalization of $20 billion, has announced it will accept Bitcoin payments. (The Bitcoin Historian)
GateNews10h ago