March 20, Crypto Sharing from 77:

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

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

Silver crashed >10% in a single day yesterday, gold broke through $4,600
U.S. stock market Dow Jones plunged 750 points creating new closing low for 2026, Dow down 750 points marking year's low, S&P -0.22%, Nasdaq -0.3%

Today's Highlights:
1️⃣$TAO continues to surge, cumulative gains exceeding 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 unlisted companies on-chain, including stocks from SpaceX, OpenAI, Anthropic, Kalshi, Polymarket, and others.

3️⃣Animoca Brands invests in $AVAX , focusing on Asia-Pacific and Middle East expansion, prioritizing support for Avalanche ecosystem projects, especially in entertainment (gaming/NFT), RWA, and digital identity sectors.

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