March 20 Market Dynamics

I. Market Fundamentals
1. The market has plummeted sharply, and altcoins have also fallen significantly. Bitcoin ETFs saw net outflows, and the application for Ethereum ETFs was postponed. Historical experience shows that bull markets usually have 7 major pullbacks.
2. U.S stocks are indecisive, the possibility of the Federal Reserve cutting interest rates in June is small, and it is expected that the number of rate cuts will be reduced to two times. The Bank of Japan raised interest rates for the first time in 17 years.

II. Market Focus
1.The prices of public chains FTM, APT, SUI are rising. In Move series, APT and SUI mainly driven by SOL to rise; APT will unlock tokens worth $400 million on April 12th.
2.Educational project EDU's price rises; CZ stated that he would commit to public welfare education field in future.
3.Meme-type project BOME steadily climbs up; There's an increasing number of escapees on Solana chain; If Meme can't enter mainstream exchanges then it may gradually transition into a pvp cut-off mode.
4.In BTC ecosystem Merlin Chain released M-Token product which is a proof-of-stake asset mapping certificate capable of partially releasing its liquidity.