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
VeChain StarGate Staking Platform Shows Strong Growth Three Months After Hayabusa Fork
VeChain's StarGate staking platform experienced significant growth post-Hayabusa fork, with a 50.2% reduction in VTHO emissions and a 93.9% increase in active stakers. The network now holds 10.7 billion VET, emphasizing the shift towards a delegation model and new entry-level node tiers which promote wider participation.
CryptoNewsFlash2h ago
Today's top 100 tokens by market cap gainers and losers: RIVER up 22.15% leading gains, NIGHT down 8.18% leading losses
On March 12, among the top 100 cryptocurrencies by market cap, River (RIVER) had the highest gain at +22.15%; Midnight (NIGHT) had the largest decline at -8.18%. Additionally, tokens such as Pi, Sky, Bittensor, and Render also showed varied gains.
GateNews2h ago
Hyperliquid Sets New Records in RWA Trading Volume
Hyperliquid, a specialized Layer 1 blockchain for DeFi, has seen outstanding growth in Real-World Asset trading, achieving over $1.3B in open interest and $1.4B in weekend volume, positioning itself as a 24/7 trading hub alternative to traditional markets.
BlockChainReporter3h ago
Altcoin Season Index Reaches 40 as Top Performers Show Strong 90-Day Gains
Gate News bot message, the Altcoin Season Index has reached 40. Over the past 90 days, top-performing coins include $KITE with +222.86%, $CC with +113.17%, $STABLE with +86.83%, $MORPHO with +66.03%, $SKY with +41.20%, $JST with +37.99%, $ZRO with +37.37%, $DCR with +33.65%, $HYPE with +30.39%, and
GateNews3h ago
Chainlink Expands on Solana With Jupiter Prediction Market Integration
Jupiter has plugged in Chainlink’s Data Streams for its 5-minute and 15-minute prediction markets on Solana.
While Jup Predict now relies on Data Streams for its short-duration crypto markets, Jupiter has not added Chainlink to its wider DeFi protocol.
Chainlink has announced a new
CryptoNewsFlash4h ago
