March 20, 七七 Crypto Share:

Bloodbath continues. Cumulative decline over two days exceeds 7.2%. Yesterday's low touched around $68,793, barely holding this morning, currently clinging to the $70,000 level.

Today's Deribit expiration scale reaches $1.72 billion, with maximum pain point exactly at $70,000. Options Put/Call ratio 0.49, futures funding rates all negative, BTC futures open interest also declined 5.6% to $106.9 billion, short-term chips clearly bearish.

Silver plunged >10% yesterday, gold breaks through $4,600
US Dow plunges 750 points creating 2026 closing low, Dow down 750 points hitting year-low, S&P -0.22%, Nasdaq -0.3%

Today's Highlights:
1️⃣$TAO continues to surge, cumulative gains >46% since early month, subnet 3 (Templar / τemplar, SN3) completed the largest-scale fully decentralized LLM pretraining in history.

2️⃣DEX aggregator $JUP recently launched tokenized Pre-IPO stock trading functionality, enabling ordinary people to directly buy and sell "equity tokens" of top private companies on-chain, including stocks of SpaceX, OpenAI, Anthropic, Kalshi, Polymarket and others.

3️⃣Animoca Brands invests in $AVAX , focusing on Asia and Middle East expansion, emphasizing support for Avalanche ecosystem projects, particularly in entertainment (gaming/NFT), RWA, and digital identity tracks.

【Risk Warning】Today's crypto fear & greed index: 11 (extreme fear), DYOR is always the first principle, investment carries risks, please participate cautiously!