0310 Bitcoin Daily Report#加密市场上涨

The market responded quickly to Trump’s speech (which ended soon), completing a rapid recovery from the weekend’s sharp decline. As oil prices fell back, Bitcoin rebounded along with global stock markets, recouping some of the previous losses.

From a market logic perspective, the current Bitcoin rebound mainly reflects a recovery in risk sentiment rather than being driven by independent fundamentals. As concerns related to the Middle East situation temporarily ease, funds are flowing back into high-volatility assets, benefiting cryptocurrencies as well. However, if geopolitical tensions flare up again, cryptocurrencies may still face significant volatility. Market analysts pointed out that Bitcoin is currently showing resilience. In the context of Brent crude oil and W-T-I prices both breaking through $100 for the first time, this has triggered a brief risk-averse mode globally. Bitcoin followed risk assets downward but quickly stabilized around $66,000 and moved higher again. Especially before the geopolitical situation escalated, most of the negative news had already been priced in and digested. Additionally, institutional demand provides support, with a net inflow of $787 million last week.

Overall market sentiment has turned optimistic. Data shows that the support rate for Bitcoin reaching $75,000 within three months has reached 56%, an increase from last week. From a market structure perspective, the current Bitcoin rebound is mainly supported by three factors: 1. Eased external risk sentiment, with falling oil prices and a rebound in US stocks improving the trading environment for high-risk assets; 2. Continuous net inflows into ETFs, reflecting sustained institutional demand; 3. Internal market indicators showing recovery, indicating that the selling pressure after recent volatility is gradually being absorbed. However, it’s important to note that price movements are unlikely to produce highly consistent trend breakthroughs, as overall capital flow remains relatively weak or speculative fund inflows are limited, leading to frequent pullbacks and corrections.