Matrixport: Bitcoin Finds Support as Fed Turns Dovish and Market Arbitrage Selling Pressure Nears End

On March 26th, based on @ai_9684xtpa's monitoring, the GPS buyback address withdrew the first batch of buyback tokens from Binance. The total amount of these tokens is 24.9 million, with a value of $1.12 million. As of now, the GPS buyback progress has been updated to 25.8%. Due to the buyback effect, there may be a short-term 3.4% increase in the price of GPS.

On March 26th, according to the official website, the first batch of Binance Vote Listing is scheduled to end in 12 hours (planned to end at 16:59 UTC on March 26). As of the time of this writing, BANANAS31 is in the first place with a 20.4% voting percentage, and SIREN is in the second place with a 16.6% voting percentage. Broccoli (CZ's Dog), WHY, and mubarak are ranked from 3rd to 5th.

On March 26th, as monitored by Farside, yesterday the net outflow of the US Ethereum spot ETF was $3.3 million. None of the 9 ETFs saw a net inflow.

On March 26th, as per Farside's monitoring, the net inflow of the US Bitcoin spot ETF yesterday was $26.8 million, indicating that it has witnessed net inflows for 8 consecutive days. Among them, the BlackRock IBIT received a net inflow of $42 million.

On March 26th, Gate.io will list ZP for spot trading on March 31, 2025, at 14:00 (UTC+8). It will also launch ZP Staking & Mining from April 7 at 15:00 to April 21 at 15:00 (UTC+8). By staking ZP and USDT in the Launchpool, one can participate in the free distribution of 5,681,818 ZP. The ZP pool is anticipated to have an annualized yield of 592.53%, and the USDT pool is expected to have an annualized yield of 52.14%.

On March 26th, Kirill Kretov, a cryptocurrency trading expert at the automated trading platform CoinPanel, issued a warning: "Investors need to be extremely cautious in the current environment. The market remains fragile and is susceptible to manipulation. Retail participation is low, trading volume is thin, and even the so-called 'smart money' is on the sidelines. The forces with the true ability to drive the market are choosing to remain neutral - and this is no mere coincidence." According to CryptoQuant data, although Bitcoin's price rose to $88,786 earlier this week, its funding rate has turned negative. This indicates that traders are reluctant to pay a premium for opening new long positions in the perpetual contract market, showing signs of a cooling in leverage demand. Augustine Fan, a partner at the cryptocurrency derivatives software provider SignalPlus, stated that clarity regarding the market direction awaits a key policy event on April 2nd: "We anticipate that the market