Current mainstream CEX and DEX funding rate display indicates the market is back to full bearishness

On March 30, CryptoQuant reported that Strategy is now the sole dominant buyer in Bitcoin (BTC) reserve demand. It has accumulated roughly 45,000 BTC over the past 30 days—its fastest pace of accumulation in nearly a year—with its holdings making up roughly 76% of total corporate reserve holdings. Meanwhile, non-Strategy firms’ BTC purchases have fallen to just 1,000 BTC—down 99% from their peak and accounting for only 2% of total corporate buys—with new demand nearly drying up. Related companies have made only 13 purchases in the period (compared to a peak of 54), signaling a sharp pullback in both capital inflows and participation. Overall, BTC reserve demand is now heavily concentrated on Strategy.

**Reuters Columnist: Global Energy Market in "Second-Worst Scenario" 1 Month After U.S.-Israeli Iran Strike** In a March 30 column, Reuters’ Clyde Russell noted that one month after the U.S. and Israel carried out strikes on Iran, the global supply market for crude oil, refined products, and liquefied natural gas (LNG) has entered the “second-worst scenario.” The article also outlined the conflict’s worst-case outcome: a sharp escalation where Iran uses missiles and drones to inflict widespread damage on Gulf energy infrastructure—including oil pipelines, refineries, processing facilities, and export terminals. The most likely trigger would be U.S. ground forces attempting to seize and control Iranian-controlled territory, such as the Kharg Island oil terminal or small islands in the Strait of Hormuz. Deploying ground forces is reportedly an option U.S. President Trump is weighing, and U.S. military assets in the region are ramping up. Even if a tactical invasion succeeds, how

March 30th — Bitcoin has continued to climb after dipping to $65,000 in morning trading, per HTX market data. It’s now trading at $67,083.68, with a 24-hour gain of 0.83%.

As of March 30, France’s second-largest lender BNP Paribas is offering retail customers six Bitcoin and Ethereum ETN products through standard securities accounts, per Cointelegraph — a move that simplifies access to crypto asset investments.

March 30—Ethereum Layer 2 project Linea announced it will transition to the RISC-V architecture. The primary driver: Every Ethereum hard fork required a complete rewrite of its constraint module, forcing the team to prioritize long-term complexity management over pushing cutting-edge performance. RISC-V features just 32 registers and roughly 40 instructions. For proof systems, this translates to a narrower tracking scope, real-time construction, and the ability for provers to start processing proof segments immediately. Additionally, RISC-V offers a slimmer execution trace and Type-1 compatibility, while Linea will retain zkC (Constraint Native Language), Vortex and Arcane (its Proof/Aggregation Stack), and formal verification. Linea noted the move aligns closely with the RISC-V roadmap the Ethereum Foundation is advancing, with more technical details set to be shared in the coming weeks.

March 30: Bitcoin long positions on Bitfinex have climbed to roughly 79,343 contracts, hitting a new high not seen since November 2023. While rising long positions are typically viewed as a bullish signal, historical data shows this indicator often has an inverse relationship with price trends—long position concentration frequently occurs at price tops or just ahead of downturns. Per CoinDesk analysis, this latest surge in long positions, paired with macroeconomic uncertainties, may signal downside risk to Bitcoin’s current range-bound movement between $65,000 and $75,000.