Bernstein: Bitcoin Likely Bottomed Out, Maintains $150,000 Year-End Target

March 24 (Bloomberg) — Bank of Montreal plans to offer institutional clients tokenized cash services and deposit facilities, enabling them to mobilize funds more conveniently on demand. The Canadian lender will launch the service via the network of CME Group, the largest U.S. derivatives exchange. Derek Fountain, the bank’s North American head of Treasury and Payment Solutions, said in a Tuesday statement: “Customers will be able to move funds as needed when markets demand it, no longer restricted to bank business hours.” ### Notes on adjustments (aligned with U.S. English habits): 1. **Institutional accuracy**: Corrected "Montreal Bank of Canada" to *Bank of Montreal* (the bank’s official U.S.-recognized name, often shortened to BMO). 2. **Conciseness**: Replaced wordy phrases (e.g., "allowing them to more conveniently mobilize funds at any time" → "enabling them to mobilize funds more conveniently on demand") to fit U.S. financial news brevity. 3. **Tone consistency**: Use

On March 24, data from Coinglass reveals: - If Bitcoin falls below $68,000, the cumulative long liquidation strength across major centralized exchanges (CEXs) will reach $1.068 billion. - Conversely, if Bitcoin surges above $72,000, the cumulative short liquidation strength on major CEXs will hit $1.075 billion. **BlockBeats Note**: Liquidation charts do not display the exact number or value of contracts being liquidated. Instead, the bars reflect how significant each liquidation cluster is relative to neighboring clusters — this is defined as "strength." As such, the charts show the degree of impact when a specific price level is reached. A taller "liquidation bar" indicates the price hitting that level will trigger a more intense reaction due to a liquidity cascade.

On March 24, per HTX market data, Bitcoin briefly dipped below $70,000 and is currently trading at $70,037, down 2.04% over the past 24 hours.

**March 24 — YZi Labs has officially launched its Atlas Scout program, recruiting 5–10 students from top global universities to lead a student-run venture capital fund.** The students will make investment decisions on behalf of YZi Labs’ investment team, backing early-stage startups in Web3, artificial intelligence (AI), and biotech. Initial members will be selected from leading universities worldwide, with a $1 million maximum fund pool to invest in high-conviction early-stage ventures. YZi Labs aims for the program to let university students shape the future VC ecosystem—supporting peer entrepreneurs while identifying cutting-edge founders. Atlas Scouts will screen projects and make investment calls with guidance from YZi Labs’ investment team. Participants also get additional resources: global travel budgets for key Web3, AI, and biotech industry conferences; access to YZi Labs’ ecosystem (including over 300 portfolio companies); and mentorship to gain resources, build n

As of March 24, per Bitget market data, U.S. stocks opened lower: the Dow dropped 0.24%, the S&P 500 fell 0.62%, and the Nasdaq declined 0.63%.

On March 24: The Venus flash loan attacker transferred 1,743 ETH (≈$3.78 million) to an address starting with 0x7a7 50 minutes ago, per on-chain analyst Ai Auntie’s (@ai_9684xtpa) monitoring.