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BlockBeats News, March 30. The Middle East conflict continues to escalate, policy uncertainty intensifies, and the U.S. stock market is under pressure. The S&P 500 index has recorded its fifth consecutive weekly decline, marking the longest losing streak since 2022. Despite U.S. President Trump's repeated signals to de-escalate the situation to stabilize market sentiment, investors' response has noticeably weakened. Market analysis points out that as the conflict lingers unresolved and policies fluctuate, the "Trump Put" effect is fading. Investors are no longer simply trading based on policy statements and are even starting to take contrarian actions in the absence of substantial progress. Meanwhile, oil prices remain high (WTI crude oil surpassing $100), exacerbating global "stagflation" concerns. Coupled with the uncertainty in the Middle East, market risk aversion is increasing. The VIX volatility index has risen above 31, significantly higher than the historical average. Institutions generally believe that without substantial easing in the Middle East situation, especially the stabilization of the Strait of Hormuz, relying solely on policy rhetoric will be challenging to reverse the market's downward trend.

BlockBeats news, on March 30, QCP's latest market report pointed out that after Bitcoin briefly fell to $65,000 during the Asian session and quickly rebounded, it is currently maintaining a range between $66,000 and $67,000, continuing the typical weekend weakness and early-week stabilization trend. Despite facing selling pressure after options expiry and uncertainty in the Middle East, BTC as a whole has held the $65,000 to $70,000 range, but the monthly chart may show a sixth consecutive month of decline, reflecting that market sentiment remains fragile. The report also noted that Bitcoin has remained relatively resilient recently, outperforming gold and US stocks since the escalation of the Iran conflict, indicating a return of some safe-haven characteristics. As Trump's "10-day buffer period" for military action against Iran approaches its April 6 deadline, the market remains alert to possible escalations, and BTC's short-term movement will continue to be driven mainly by news. On the macro front, high oil prices and continued risks in key shipping routes are strengthening stagflation expectations; even if the situation eases, the war risk premium is unlikely to dissipate in the short term. The derivatives market shows that post-options-expiry, volatility compression has been limited, and traders are still paying for market swings. The overall structure reflects caution rather than panic, and the market has yet to form clear upward momentum.

Golden Globe March 30｜Needham has lowered the target price for FuboTV from $36 to $15, while maintaining a "Buy" rating.