In terms of digital currencies, BTC fluctuated slightly upward to $67,000, and the overall volatility level steepened downward; the price of ETH rose to nearly $4,000, the IV curve steepened, and the long-term volatility increased significantly. At the same time, the proportion of option trading volume relative to BTC increased. A large number of call options were bought at 15 MAR, expressing the confidence in breaking through the $4,000 mark in the short term and the prospect of upside space after the breakthrough.

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The ECB meeting yesterday kept interest rates unchanged, but at the same time significantly lowered its growth and inflation forecasts, expecting price trends to fall back to policy targets in 2025. Speaking of options, the US SEC (unsurprisingly) delayed the approval of BTC spot ETF options submitted by companies such as Nasdaq and CBOE. The agency has a final deadline of April 24 to approve or reject these cryptocurrency ETF options.

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In terms of digital currencies, prices have temporarily calmed down after yesterday's V-shaped volatility. BTC and ETH fluctuated slightly around 66,000/3,800 respectively. The accumulated tension in the options market was quickly released, causing the short-term volatility to fall by more than 12% Vol, and the 7 D ATM IV indicator fell below the 7 D RV.

The cash income of Japanese workers released this morning exceeded expectations year-on-year, and wage growth has been one of the focuses of the market recently. In terms of cryptocurrencies, BTC fell from a record high of 69,000 to $59,000 in a few minutes. It is rumored that this is because a long-dormant wallet began to transfer its holdings to Coinbase, taking profits at a mining cost of $0.28.

As a new asset class, 404 assets cleverly utilize the existing facilities of NFT and FT to establish bilateral liquidity, and have new features of "card drawable", "native fragmentation" and "AMM liquidity" at the standard level.

In terms of digital currency, Bitcoin plunged more than 10% after breaking through its historical high, once falling below $60,000. It has now recovered most of its lost ground and returned to around $66,000. As of now, the amount of BTC long/short orders liquidated today has reached 218 million/96.78 million.

The more the rates fall, the higher the probability of a short-term increase, but this rule needs to exceed a certain threshold for it to take effect.

In the past 24 hours, after setting a record high of over $69,000, Bitcoin plummeted by more than 15%, falling to a high of $59,000, and the market generally adjusted.

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The leverage ratio has returned to a healthy level and funds from the traditional world are still entering the market. Will you choose to increase your position or exit with profits?

In terms of digital currencies, BTC once expanded its gains to near its historical high before encountering resistance and pulling back about 3%, closing at 66638.05 (+ 4%); ETH's upward momentum remained unabated and continued to challenge recent highs, closing at 3682.71 (+ 6.1%).

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Even without hardware improvements, Ethereum could maintain its current state growth level for several years.

Traditional financial markets were range-bound yesterday, with stocks consolidating within recent ranges, but the overall yield curve moved higher due to increased corporate bond supply. In crypto, mainstream currencies/altcoins/memecoins all gapped higher, with investors mentioning huge gains everywhere on X/Twitter.