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Market Insight
Weekly Market Update - 10 March 2025

Crypto Market

 

Crypto

BTC

ETH

Weekly High

$ 93,288

$ 2,385

Weekly Low

$ 80,182

$ 2,007


BTC and ETH Market Insight

 

President Trump issued an Executive Order to create a Strategic Bitcoin Reserve, where the U.S. will not sell any deposited bitcoin. The government won't actively seek additional purchases for the reserve. The White House Crypto Summit did not announce capital gains tax exemptions, disappointing expectations and triggering a "sell the news" reaction. Market swings are increasingly driven by emotions, shifting from "Extreme Greed" to "Extreme Fear" in months. Continued volatility in both directions is expected.

 

Options Market

 

The ‘Trump effect’ continued to weigh as elevated volatility was seen in the market - BTC’s one-week realised volatility rose to 98 handle and ETH to 116. The implied volatility was following the rising RV during the week but got sold off heading into the weekend. Gamma is trading at a huge discount, should the RV remain elevated. The volatility of volatility is amplified particularly in the situation where the market sentiment shifts drastically whenever there is any flip/change of policy. Short-tenor skew rose to further favour OTC puts as the market hasn’t shaken off the nerve and still seeks for downside protection. 

 

 

Altcoins and Blockchain News

 

  • According to on-chain data, Solana's SIMD-0228 proposal currently has a support rate of 12.4%, an opposition rate of 3.4%, and an abstention rate of 0.7%. This proposal aims to adjust SOL token inflation from a fixed rate to a dynamic market mechanism linked to staking participation and significantly reduce inflation.

     

  • Sonic Labs founder Andre Cronje has updated his personal social media profile to include the title "Founder of flyingtulip“.

     

  • According to DefiLlama data, there is a potential on-chain liquidation of $128 million at Ethereum's $1,919.266 price level, with the majority ($127.8 million) coming from MakerDAO protocol liquidations.

     

  • Derivatives trading protocol MYX Finance announced today that it has completed a strategic funding round, with participation from top institutions including FL Foundation, Woyong, D11-Labs, HashKey Capital, and Metalpha. Notably, D11-Labs and HashKey Capital had previously participated in MYX Finance’s seed round.

     

  • Web3 liquidity infrastructure protocol Orderly has announced its integration with Story Protocol. Story Protocol now supports over 100 contract trading pairs on Orderly, with leverage of up to 50x.

     

  • Crypto brokerage firm August has raised $10 million in funding, led by Dragonfly Ventures, with participation from Foresight Ventures, Standard Chartered Bank, and 6th Man Ventures.

     

  • Worldcoin has announced the launch of World Chat, a new way for verified humans to connect and transfer funds within the World Network.

     

  • According to an official Binance announcement, due to the RedStone project's last-minute unexpected changes to the community airdrop allocation ratio, Binance has decided to suspend spot trading for RedStone.

Macro

The major benchmarks declined with solid loss for the week: the DJIA lost 2.4%, the S&P 500 lost 3.1%, and the Nasdaq lost 3.5%. Chinese equities continued the rally for the week: the Shanghai Composite Index added +1.56%, the CSI 300 +1.39% and the Hang Seng index surged +5.94%.

 

 

 

 

 

 

 

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