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VIPBitget VIP Weekly Research InsightsIn recent weeks, BTC has repeatedly tested the $100,000 resistance level, briefly surpassing it multiple times before failing to maintain its position, leading to sharp declines. Altcoins have entered a technical bear market, although SOL has demonstrated resilience during both downturns and rebounds. However, the trading frenzy around Solana-based memecoins has cooled, while discussions of institutional unlocking have gained traction on social media. On the night of March 2, Trump announced plans to establish a strategic crypto reserve, explicitly mentioning BTC, ETH, XRP, SOL, and ADA. This statement briefly reignited market sentiment amid oversold conditions, triggering a sharp crypto rebound. However, macroeconomic conditions remain largely unchanged, and liquidity recovery is a gradual process. The rally sparked by Trump's comments quickly faded, suggesting the market may still face further downsides. The following recommendations highlight projects worth monitoring in the current cycle, though they may not yet have reached an optimal entry point.
VIPBitget VIP Weekly Research InsightsThe recent decline in the crypto industry stems from several key factors. First, volatility in the macroeconomic environment—such as the sharp drop in US stocks and global market uncertainty—has weighed heavily on high-risk assets like Bitcoin. Second, an increase in hacker attacks, including a $1.5 billion cryptocurrency theft on February 22, triggered panic and led to over 170,000 liquidations. Third, rising regulatory pressure, such as the SEC’s increased scrutiny of cryptocurrencies in the US and restrictions on trading and mining in some countries, has further undermined investor confidence. Additionally, the market is in a consolidation phase, with many funds buying the dip in the short term but quickly exiting as risk appetite declines. Finally, Bitcoin's failure to break through key resistance levels has led to weak demand and network activity, while ETF outflows have exacerbated the downward pressure. These combined factors have created short-term strain on the crypto market, contributing to its decline. As a result, this edition focuses on Earn-related products.
VIPBitget VIP Weekly Research InsightsRecently, BTC has weakened, altcoins have declined across the board, and trading volume on the Solana blockchain has continued to shrink. Daily transaction volume on Solana has hit new yearly lows, with over $200 million in sell-offs on pump.fun in just over two months since the start of the year. Additionally, the hype surrounding Argentina's president-related memecoin last weekend drained additional liquidity from the Solana network. Adding to investor concerns, a large amount of SOL is set to be unlocked on March 1, exacerbating deteriorating sentiment and leading to a noticeable decline in market wealth effects. Against this backdrop, investors are advised to reduce leverage, manage risk, and reserve funds for potential dip-buying opportunities. This edition highlights several USDT-based, SOL-based, and BTC-based Earn products, offering investors a diverse range of investment options.
VIPBitget VIP Weekly Research InsightsAt present, the primary factors driving liquidity into the crypto market are ETF net inflows and new stablecoin issuances. Recently, several major U.S. financial institutions have applied to launch spot ETFs for assets like XRP and LTC. If approved, these ETFs could offer a substantial opportunity for both the assets and the wider crypto market. Investors might consider positioning themselves early, especially during market downturns, to take advantage of potential bullish catalysts.
VIPBitget VIP Weekly Research InsightsThe Solana ecosystem is poised to benefit greatly from Trump's token launch. Celebrity involvement typically garners considerable attention, drawing new users to the Solana blockchain and increasing on-chain trading volume. Additionally, Trump's influence could stimulate more investment and attract developers, promoting greater diversity and innovation within the ecosystem. However, the longevity of celebrity influence is uncertain and depends on market confidence and the regulatory landscape. In the long run, ecosystem projects on the Solana chain are well-placed to be the ultimate winners, making them deserving of investor interest.
VIPBitget VIP Weekly Research InsightsThe yield on the U.S. 10-Year Treasury has been increasing recently, with the U.S. Dollar Index exceeding the 110 level. The forthcoming release of CPI data and the uncertainty surrounding Trump's inauguration next week could further intensify market volatility. Risk aversion is apparent in the market, as global risk assets have demonstrated sluggish performance. In this environment of tense market sentiment and impending macroeconomic data releases, we advise investors to reduce leverage, manage risks carefully, and reserve funds for potential buying opportunities. This edition highlights some of Bitget's token launch promotions and on-chain Earn products based on USDT/USDC, BTC, and SOL, providing investors with a broader range of options.
VIPBitget VIP Weekly Research InsightsAs the new year begins, Solana is leading the market's altcoin rebound, with SOL's price serving as a "leading indicator" for the broader market. Pump.fun, the most prominent project in the Solana ecosystem, generates daily revenue of approximately 15,000 SOL (around $3.3 million), equating to nearly $100 million in monthly revenue. According to the ETF Store President and Bernstein Research analysts, spot Solana ETFs are expected to debut in the U.S. capital markets by the end of 2025, sparking high market expectations for Solana's performance that year.
- 21:17Base TVL reaches $14.77 billion, down 2.05% over 7 daysAccording to L2BEAT data reported by Jinse Finance, Base's TVL has reached $14.77 billion, with a 7-day decline of 2.05%.
- 20:07Data: $188 million in liquidations across the network in the past 24 hours, with $57.05 million in long positions and $131 million in short positions liquidatedAccording to ChainCatcher, citing data from Coinglass, the total liquidations across the network in the past 24 hours reached $188 million, with long positions accounting for $57.0539 million and short positions for $131 million. Specifically, Bitcoin long positions saw $1.449 million in liquidations, while Bitcoin short positions reached $30.1089 million. For Ethereum, long positions were liquidated for $13.8305 million, and short positions for $43.4275 million. In addition, over the past 24 hours, a total of 81,775 traders were liquidated globally, with the largest single liquidation occurring on a certain exchange's BTCUSDT pair, valued at $2.6763 million.
- 19:47Total Cryptocurrency Market Capitalization Surpasses $4 TrillionAccording to Jinse Finance, data shows that the total cryptocurrency market capitalization has now surpassed $4 trillion, currently standing at $4.004 trillion, with a 24-hour decline of 2.8% and a 24-hour trading volume of $121.8122 billion. At present, BTC holds a market share of 59.1%, while ETH accounts for 11.6%.