Upbit 24-hour Trading Volume Ranking: XRP, MOVE, LAYER in Top Three

March 29th. As per the official announcement, the Binance Wallet team has initiated the "Trade with CEX Funds on DEX" functionality. Through this feature, Binance users are able to utilize Binance Exchange (CEX) funds to engage in trading of hundreds of thousands of tokens on the Binance Wallet trading chain.

On March 29th, according to on-chain analyst Yu Jin, a whale holding 67,000 ETH is on the verge of being liquidated. The liquidation price of its ETH position is only $35 away. On March 11th, due to the decline in the ETH price, this whale's 67,000 ETH position was on the brink of liquidation. By repaying and reducing the position, the whale managed to avoid liquidation. The subsequent rebound of ETH temporarily removed the position from the liquidation risk. There were no further actions such as adding collateral or reducing the position to lower the liquidation price. Now that ETH is dropping again, if it drops by another $100, the position will face liquidation once more.

March 29: ZhuSu, the founder of Three Arrows Capital, shared his insights on social media in Hong Kong: · At the Basel Art Exhibition, not a single mention was made of NFTs, and meme coins were also not brought up. · Investment banks are currently actively promoting the narrative of China's tech recovery, including topics such as DeepSeek, valuation gaps, and the innovation wave. The scale of southbound capital flow is significant, and the price of mainboard shell companies has increased to around 200 million Hong Kong dollars. · Family offices are closely observing Saylor and considering whether there is a need to convert their companies. · The market has a very strong belief that BTC is digital gold, but there is generally a high degree of skepticism towards the crypto tech narrative and crypto venture capital. Some are also interested in regulated custody and trading platform models.

On March 29th, based on Coinglass data, within the past 4 hours, a total of $64.46 million was liquidated across the entire network. Specifically, there were $59.95 million in long liquidations and $4.73 million in short liquidations.

On March 29th, the BTC price continued to fall. It witnessed a 0.61% intraday decline and was trading at $83,864.9. The latest U.S. economic data indicates that core PCE inflation rose by 0.4% on a monthly basis, marking the largest increase in a year, with a year-on-year rate of 2.8%, exceeding market expectations. Meanwhile, the University of Michigan's long-term inflation expectations have reached a 32-year high, suggesting that market concerns about inflation rebounding have intensified. Bitunix Analyst's View: The market is currently still in a macro risk stage. It is necessary to wait for market sentiment to stabilize. If Bitcoin can stabilize above $82,000 and show signs of capital inflows, then consider gradually increasing positions, with a target price above $90,000.

On March 29th, according to HTX market data, Bitcoin fell below $83,000, with a 24-hour decline of 2.4%.