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06:59
Polymarket predicts an 89% chance of "Bitcoin reaching $75,000 this year."
BlockBeats News, March 6th, on Polymarket, the probability of "Bitcoin rebounding to $75,000 this year" is 89%. Furthermore, the probability of BTC rising to $80,000 within the year is currently 75%, while the probability of dropping to $55,000 is currently 68%.
06:59
The precious metals market experiences intense volatility, with silver inventories plummeting and sovereign debt crisis becoming the focus.
(1) Affected by the Middle East conflict, global precious metals trading is experiencing intense volatility. Over the past week, the international gold price dropped from a peak of $5,400/ounce to around $5,100/ounce, while international silver prices fell by as much as 10%. (2) Willem, founder and CEO of the Commodity Discovery Fund, pointed out that the global financial structure has entered a period of fundamental adjustment, with the main catalyst being the rapid tightening of supply in the physical silver market. Data shows that silver inventories registered on the New York Mercantile Exchange (Comex) have fallen below 90 million ounces, a decline of more than 30% in just a few months. (3) Willem also warned that the main "black swan" event overlooked by the market is the sovereign debt crisis. As highly indebted countries approach the brink of fiscal collapse, a collapse in confidence in fiat currencies could force a massive revaluation of gold and silver to stabilize the financial system.
06:59
Analysis: Ethereum rebound faces macro resistance, derivatives and on-chain indicators show cautious market sentiment
PANews March 6th news, according to Cointelegraph, although Ethereum rebounded 22% from its low of $1,800 on February 24, its price movement is still constrained by macro factors. The annualized premium of ETH futures remains well below the neutral threshold of 5%, and the options skew indicator has risen to 7%, indicating that professional traders continue to maintain a cautious attitude, adding uncertainty to the market. On-chain data shows that Ethereum network DEX weekly trading volume has dropped from $20.2 billion a month ago to $12.6 billion, and DApp revenue has decreased by 47% week-on-week to $14.1 million. Despite weak on-chain indicators, Ethereum still dominates in total value locked (TVL), accounting for nearly 65% of the entire blockchain market TVL including Layer 2. Ethereum mainnet TVL has reached $55.4 billion, far surpassing its main competitor Solana's $6.8 billion, reflecting institutional investors' preference for decentralization.
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