Analysis: Bitcoin Bounces Back But Short-Term Holders Yet to Return, Potentially Signaling Early Stage of Next Bull Run

On March 26th, as per MetaEra, CZ is scheduled to attend the 3rd Hong Kong Crypto Finance Forum which will take place on April 8, 2025, at the Hong Kong Convention and Exhibition Centre (HKCEC).
This forum is jointly hosted by MetaEra, Amber Group, and NanoLabs, with the backing of the Hong Kong Web3 Association, the Hong Kong China Finance Association, and the University of Hong Kong Business School. It is reported that this forum will center around compliance and scalable development, and CZ will be involved in the relevant discussions via online means.

On March 26th, Nate Geraci, the president of The ETF Store, stated on social media that the resolution of the Ripple case indicates that the approval of a spot XRP ETF is undoubtedly just a matter of time. It is anticipated that BlackRock, Fidelity, and others will take part. XRP is currently the third-largest non-stablecoin cryptocurrency asset in terms of market capitalization. Major ETF issuers will not ignore this fact. In previous news, Ripple agreed to give up its cross-appeal, and the SEC retained $50 million out of the $125 million fine.

On March 26th, the President of the Chicago Fed and an FOMC voter, Gulsbee, issued a warning. He pointed out that there are indications that investors in the U.S. bond market are starting to anticipate higher inflation. This would serve as a "significant warning signal" that could potentially disrupt the rate setters' easing plans. In the week prior to Gulsbee's remarks, a closely monitored University of Michigan survey revealed that U.S. households' long-term inflation expectations reached their highest level since 1993. Gulsbee stated, "If you observe that market-based long-term inflation expectations begin to change, as they have in the past two months, I would regard this as a significant warning signal that requires close attention."

March 26th. As reported by The Block, recently, the Celo mainnet has begun the migration process from Layer 1 to Ethereum Layer 2, and the production of Celo blocks has been suspended. After the migration, Celo will operate as an Ethereum Layer 2, enabling native Ethereum cross-chain bridging and reducing the block time from 5 seconds to 1 second. Celo has stated that the initial partners consist of Aave, Fireblocks, Uniswap, and Yellowcard. In the future, existing Celo validators will transition to decentralized verifiers in order to maintain single block finality.

On March 26th, Marion Laboure, the managing director and macro strategist of Deutsche Bank, stated that the Trump administration's Bitcoin reserve is a continuation of many measures in the broader digital asset industry by 2024. It is more like a reclassification and there is nothing new. However, there are still many uncertainties about how it will operate. So far, little is known about the cryptocurrency allocation in the reserve. The understanding of the asset portfolio is limited, and the timeline is also not well understood. Cryptocurrency as an asset class still shows high volatility. In addition to Bitcoin and Ether, many cryptocurrencies still carry a certain level of risk.

On March 26th, as monitored by Spot On Chain, Michael Egorov, the founder of Curve, is suspected of selling CRV. 18 hours ago, he transferred 1,997,000 CRV (valued at $1.03 million) to the wallet '0x5a8'. Just now, the wallet sold 1 million CRV at an average price of $0.515, received 515,058 USDC in exchange, and still has 997,000 CRV left (valued at $514,000).