Bitcoin price is holding near $70,000, while ETFs are experiencing net outflows, with trader Jelle pointing out this is a critical decision point. Analyst Ali Martinez stated that based on Ethereum's MVRV ratio, it has entered the "generational buy zone." The Securities and Exchange Commission (SEC) approved a proposal for Nasdaq-listed tokenized stocks and ETFs, while Nasdaq Chair Paul Atkins announced a new asset classification framework for categorizing assets such as stablecoins and NFTs. Morgan Stanley set the ticker symbol "MSBT" for its upcoming Bitcoin ETF.

A prominent Ethereum whale known as thomasg.eth has made a market return, purchasing approximately $19.5 million worth of ETH, WETH, and ETH deposited through Aave over the past week, including a $3 million buy-in on March 20. The whale previously held a crypto investment portfolio worth $538 million in 2021 but largely exited by mid-2022. This buying spree coincides with analysis from Ali Martinez, who points out that Ethereum's MVRV ratio has fallen near the historical buy zone of 0.8, a level that previously signaled a 250% surge in Ethereum's price in April 2025. ETH is currently trading at approximately $2,153.

Good morning, friends. Last night after Bitcoin rebounded to the 69,000 level, I provided short signals again in yesterday evening's weekly trading review, targeting 67,200 and 2,000. As expected, the short momentum intensified early this morning. Bitcoin retraced and pierced through the 67,300 level, while Ethereum similarly explored down to the 2,020 level before stabilizing and recovering. In total, we captured approximately 1,700 points for Bitcoin and 60 points for Ethereum in tradable short ranges. Following the intraday short trading strategy, we smoothly secured over 1,000 points in Bitcoin and over 40 points in Ethereum, providing a solid opening win for the week. From the current chart perspective, the market remains in a weak pattern. Bitcoin continues to retest and break lower lows, with rebound strength gradually weakening. The hourly level has formed a clear one-sided descending staircase structure, continuing the downward momentum from the early morning volume-driven retracement. The oscillation center continues to shift downward, with the short-term clearly lacking volume support, and conditions for an effective reversal are not yet in place. Combined with the 4-hour level analysis, the Bollinger Bands three-line opening downward, with the mid-line transforming from previous support into strong resistance for this round of correction. Price alternates between red and green candles oscillating down along the lower band, with a relatively steady downward rhythm. The fast and slow lines maintain a death cross divergence below the zero line, with market sentiment still dominated by short positioning. Therefore, the early morning trading approach remains unchanged, continuing to follow the trend with short positions. Bitcoin: Short 68,500～68,800, targeting 66,500. Ethereum: Short 2,080～2,100, targeting 1,980. $BTC #Gate13周年全球庆典