Weekly Web3 Research | The Market Continued To Fluctuate Slightly; The US Bitcoin ETF Reduced Its Bitcoin Holdings By 4.76%

Weekly Trend Overview

This week, the crypto market has continued the overall trend since last week after opening. After the Federal Reserve announced to maintain interest rates, the U.S. stock market and the crypto market saw a round of rebound, bringing the market to a relatively high level. Overall, the market is still greatly affected by macroeconomic and policy factors, and the price trend of mainstream coins is in a state of correction and adjustment. In addition, the adjustment of US policies related to cryptocurrencies is in a rapid change cycle after Trump took office. In the short term, there is still a large expectation of volatility in the crypto market. The overall trend may be similar to the trend of change in the same period last year, and the market will be driven by large-scale changes due to external news factors.

In general, the market has been fluctuating slightly since the opening this week. In the mid-week, there was an overall recovery due to external news factors, but the amplitude was relatively limited. The market sentiment has now reached 31. As the market is approaching the closing time of the week, the prices of the top mainstream coins are mainly fluctuating slightly. It is expected that there will be a new round of short-term rises during the weekend due to external factors such as Trump’s attendance at the New York Digital Asset Summit and the SEC roundtable meeting.

This week, BTC prices performed relatively strongly and did not fall below the key price of $80,000 again. Affected by external news factors, it has now returned to above $83,000 and continues to fluctuate.

ETH price changes are similar to BTC, with a slightly larger increase. The week’s high point is around $2,061, and the low point is around $1,872. It is currently fluctuating around $2,000. This week, the price trends of key mainstream coins were mostly affected by news factors, and there was a certain recovery trend. The overall market value of the crypto market has increased, reaching around $2.75 trillion, down 1.38% in 24 hours.

Compared with last week, the overall crypto market has rebounded this week, and has entered a new adjustment cycle due to the news. The current price of BTC is around $84,000. The current price of ETH remains around $2,000.

The overall crypto market is in a rapid change this week, and mainstream coins have seen a certain increase. The top coin with the largest increase is FORM, which has reached about 117% in a week. This is mainly due to the buying pressure caused by the listing of the coin on major mainstream exchanges, which has pushed up the price.

The overall crypto market is expected to see a new round of upward movement this weekend, depending on market sentiment triggered by external news factors.

Crypto Market

🔥According to Cointelegraph, the CME Bitcoin futures gap between $85,000 and $86,000 was not filled last weekend. The possibility of Bitcoin turning to liquidity upward is increasing. Triggering liquidations above $85,000 may further boost the bullish momentum, allowing Bitcoin to form a new high and turn $85,000 into a new support level.

🔥According to Theblock, Data For Progress, a polling company that mainly investigates left-wing support, conducted a new survey of 1,169 potential American voters and found that most voters opposed using government spending to purchase and hold crypto strategic reserves of cryptocurrencies such as Bitcoin and Ethereum.

🔥According to Theblock, in February, the US spot Bitcoin ETF only achieved net inflows on 5 days, and only 1 day in March so far. The total cumulative net inflows of the ETF since the beginning of 2025 has been basically wiped out.

🔥According to Cointelegraph, Markus Thielen, chief crypto researcher at 10xResearch, said that Bitcoin is “very likely” to repeat its trend in 2024 and enter a long period of shock consolidation after setting a record high.

🔥According to Bitcoin.com, the latest data shows that the US spot Bitcoin ETF has reduced its Bitcoin holdings by 4.76% since February 6, 2025.

🔥According to a memorandum dated March 5 issued by the White House, American AI and crypto czar David Sacks sold more than $200 million in digital assets through his personal company, Craft Ventures, before taking office to reduce potential conflicts of interest.

🔥On-chain analysis platform CryptoQuant tweeted that it is witnessing the weakest period of Bitcoin demand this year.

🔥According to The block, Goldman Sachs mentioned cryptocurrency in its annual shareholder letter, acknowledging its increasingly important role in financial markets and competition.

🔥According to Cryptoslate, Francois Villeroy de Galhau, Governor of the Bank of France and member of the Governing Council of the European Central Bank, said in an interview with the French newspaper La Tribune Dimanche that US President Trump’s support for cryptocurrencies is making a huge mistake and that the United States may pave the way for the next financial crisis by accepting cryptocurrencies and non-bank finance.

🔥According to Cointelegraph, Bitcoin has fallen 30% since peaking in mid-January, but network economist Timothy Peterson believes the bull market may make a comeback.

🔥According to Cointelegraph, Anastasija Plotnikova, co-founder and CEO of blockchain regulatory company Fideum, said that Meme coins are violating the basic spirit of decentralization of cryptocurrency and are increasingly being used to exploit retail investors in more and more Rug Pulls behaviors.

🔥According to Cointelegraph, although investors are generally worried about the current adjustment, Bitcoin’s historical bull market cycle remains intact, and the current situation may only be a temporary “shock” before the next round of increases. Bitfinex analysts pointed out that several key technical indicators have turned bearish, leading to speculation that the bull cycle may end prematurely. Nevertheless, Bitcoin’s 4-year cycle is still an important factor historically influencing price movements. Past trends show that this is not the beginning of a long-term bear market. $72,000-$73,000 remains a key support range. Global Treasury yields and stock trends may determine Bitcoin’s next major move.

🔥According to Cointelegraph, Jason Calacanis, an early investor in Uber and Robinhood and a well-known angel investor, wrote on the X platform that Bitcoin has been monopolized by some giants, and now is the best time to create a better Bitcoin. “The game needs to be restarted.”

🔥According to Crypto.news, CryptoSlam data showed that NFT trading volume this week fell 7.84% from the previous week, from $121.5 million to $109.2 million.

🔥According to Solid Intel, Standard Chartered Bank analyzed that if the “crypto reserve” plan proposed by US President Trump is successfully implemented, it may drive the price of Bitcoin to soar to $500,000.

🔥According to Glassnode data, Bitcoin currently has a significant supply gap in the $70,000 to $80,000 range. If it falls below $80K, the market may experience a rapid correction.

🔥According to CoinDesk, Standard Chartered has slashed its ETH price target for the end of 2025 from $10,000 to $4,000 in its latest research report, believing Ethereum is facing a structural decline.

🔥According to the latest report from JPMorgan Chase, the computing power of the Bitcoin network increased by 2 EH/s in the first two weeks of March, reaching an average of 811 EH/s, but miners’ profits are under pressure due to a 10% drop in Bitcoin prices.

🔥According to a survey by Data for Progress, only 10% of American voters want the Trump administration to increase federal funding for cryptocurrency and blockchain development. In contrast, many people prioritize Social Security (65%), Medicare (64%), and infrastructure construction (64%).

🔥According to Blockworks, US President Trump will deliver a speech at the Digital Asset Summit (DAS) in New York this Thursday. This is the first time in history that a sitting president will speak at a crypto industry conference.

🔥According to Decrypt, cryptocurrencies such as Bitcoin, Ethereum, and Solana rose after the Federal Reserve kept interest rates unchanged on Wednesday, the Fed chairman delivered a soothing speech, and U.S. stocks also rose.

🔥According to The Block, the number of monthly risk transactions in the crypto space has shrunk significantly, with only 116 private transactions tracked in February, one of the lowest points in recent years.

🔥 According to Reuters, Jan Kubicek, a member of the board of directors of the Czech Central Bank (CNB), is “skeptical” about including Bitcoin in the bank’s huge reserve assets, mainly concerned about its legal uncertainty and the volatility of digital coins.

🔥According to Forbes, three senior leaders of Trump Media & Technology Group have formed a new blank check company (SPAC) to acquire businesses in the cryptocurrency or related industries, according to a registration statement submitted to the U.S. Securities and Exchange Commission (SEC) on Friday-at the same time that the Trump administration is trying to shape the landscape of this industry.

🔥According to the monitoring of on-chain analyst Yu Jin, the “Hyperliquid 50x Whale” made crazy operations in the three hours from 12:00 to 3:00 in the early morning around the Federal Reserve’s interest rate announcement, and made both long and short moves on BTC, turning 690,000 USDC into 1.826 million USDC, with a profit of 164%.

🔥10x Research posted on the X platform: “According to multiple indicators, Bitcoin is currently in a small bear market, and as we have previously emphasized, $90,000 is a key pivot level. The recent trend is a short-term counter-trend rebound, providing an opportunity to profit from this broader consolidation phase. As we expected, the FOMC meeting was slightly dovish.”

Regulatory & Macro Policies

🔥According to Cointelegraph, the U.S. Senate Banking Committee voted to pass the GENIUS Act, a bill to regulate stablecoin issuers, paving the way for adopting stablecoins as a means of payment outside of crypto trading. However, the bill may trigger the potential privatization of the U.S. dollar and increase the risk of de-dollarization.

🔥According to the Korea Economic Television, the Bank of Korea clearly stated that it “has never considered including Bitcoin in its foreign exchange reserves.”

🔥Brazil plans to use blockchain technology to simplify international financial transactions for import and export contracts between BRICS member countries, according to Brazilian media O Globo.

🔥According to Cryptoslate, the Pakistani government has established the Pakistan Crypto Committee (PCC) to oversee the integration and use of blockchain technology and digital assets in the country’s financial sector.

🔥US President Trump previously signed an utive order ordering the US Treasury and Commerce Departments to establish a sovereign wealth fund within the next 12 months. The fund will be managed by Michael Grimes, a former technology investment banker at Morgan Stanley. The fund is expected to receive its main funding from tariffs.

🔥According to Electronic Times, South Korea’s Financial Supervisory Service (FSS) has required crypto exchanges to pay a total of 7.9 billion won (about $5.54 million) in annual regulatory fees.

🔥The U.S. Securities and Exchange Commission (SEC) is considering withdrawing a proposal to tighten crypto custody requirements, the latest move by the acting chairman under the Trump administration, The Block reported.

🔥The acting chairman of the U.S. Securities and Exchange Commission (SEC) said that it is considering adjusting the monthly reporting rules for mutual funds and ETFs’ portfolio holdings. It is considering canceling or modifying proposals put forward during Biden’s term regarding investor asset protection (including cryptocurrencies).

🔥According to Solid Intel, the first roundtable meeting of the U.S. Securities and Exchange Commission (SEC) crypto working group will begin on March 21, 2025. The meeting will discuss important issues related to the regulation of crypto assets.

🔥Dubai Land Department (DLD) announced the launch of a pilot project for real estate tokenization, becoming the first real estate registry in the Middle East to use blockchain technology to manage real estate title certificates. The project was jointly developed by Dubai Land Department, Virtual Asset Regulatory Authority (VARA) and Dubai Future Foundation (DFF).

Crypto Market Highlights

⭐️Last week, the overall market of cryptocurrency recovered. Affected by the macro economy and policies, the US stock market rose, and the crypto market followed suit, making the overall market usher in an upward trend this week. Most mainstream coins have been in the latest round of volatile upward state in the past week. Overall, the market is likely to recover further in the short term.

⭐️This week, the crypto FORM’s increase in the crypto market ranked first among the mainstream coins. As the coin was listed on mainstream exchanges, a large number of users entered the market, making FORM’s increase reach TOP1. The current price remains around $1.8. The price has fallen back, but there is still a price fluctuation range that will rise further.

BTC & ETH Weekly Performance

Bitcoin (BTC)

(Data Courtesy Of TradingView)

This week, the price of BTC showed a continuous fluctuation trend after the opening, with rapid rise and fall during the day as the main trend. With the Fed maintaining the interest rate unchanged, the crypto market has ushered in a warming trend. The price of BTC itself has been relatively strong in the recent period, and its price has not fallen below the key price of $80,000. Affected by news factors, the price rose to above $87,000. The price of BTC has fallen to above $84,000 again, and there is still a possibility of further upward movement in the short term. The subsequent performance of BTC prices depends on the overall market trend changes, macroeconomic and policy factors.

Ethereum (ETH)

(Data Courtesy Of TradingView)

ETH’s price trend this week is similar to BTC’s. It is also greatly affected by external news factors, and the price recovery is larger than BTC. After the price rebounded to above $2,000, it began to show a short-term decline. It is currently fluctuating around $2,000. The price of ETH has reached above $1,900, and the probability of breaking through the $2,000 price level again is high. The high point of ETH’s price in the week is around $2,050. There is expected to be a new round of price fluctuations during the weekend, and the probability of further recovery is high.

Web3 Project Trend

This week, the total market value of the seven types of projects rose across the board, mainly due to news factors. With the market’s overall recovery, the range was basically maintained within a small range. Some coins rose significantly, but the overall market was still adjusting. Recently, news factors and the macro economy mainly affected the overall market, and the probability of further increases during the weekend closing period was relatively high.