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Golden Ten Data reported on March 11 that the ongoing war in Iran continues to bring uncertainty, and market expectations for a possible rate hike by the Bank of Japan have weakened. Against this backdrop, demand for Japan's five-year government bond auction was stronger than the 12-month average. The bid-to-cover ratio for this auction was 3.69, higher than the previous auction's 3.10 and the 12-month average of 3.44. After the auction ended, Japanese bond futures narrowed their losses. The surge in oil prices combined with the depreciation of the yen has increased Japan's risk of sliding into stagflation, prompting the government to ramp up fiscal spending and complicating the central bank's tightening measures. The five-year yield, which is sensitive to monetary policy expectations, is currently trading around 1.64%. Last week's 30-year government bond auction saw strong demand, indicating that investor appetite remains robust despite the war factor. As investors assess how tensions in the Middle East might impact Japan's fiscal agenda under Sanae Takaichi, next week's 20-year government bond issuance will also be closely watched.

BlockBeats News, March 11th, an exchange Institutional, a service for institutional investors, posted on social media stating that the Short-Term Holder Profit/Loss (SOPR) ratio can measure whether recent buyers are selling at a profit or a loss. This helps us understand if new entrants are panic selling, a behavior that usually shakes out weak hands and cleanly resets spot positions. Starting from late February, the SOPR indicator for Bitcoin and Ethereum short-term holders has been rising, indicating that recent spot demand has been strong enough to absorb selling pressure, demonstrating a more resilient market position.

Odaily reported, according to SoSoValue data, yesterday (March 10, Eastern US time) the total net inflow of bitcoin spot ETFs was $251 millions. The bitcoin spot ETF with the highest single-day net inflow yesterday was the exchange ETF IBIT, with a single-day net inflow of $186 millions. Currently, IBIT's historical total net inflow has reached $6.2761 billions. Next was the exchange ETF FBTC, with a single-day net inflow of $33.5356 millions. Currently, FBTC's historical total net inflow has reached $1.0936 billions. As of the time of publication, the total net asset value of bitcoin spot ETFs was $9.0019 billions, and the ETF net asset ratio (market value as a proportion of bitcoin's total market value) reached 6.41%. The historical cumulative net inflow has reached $5.5787 billions.