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According to CoinDesk, the current trend of Bitcoin is highly similar to the price structure that ultimately triggered a drop to $60,000 between November 2025 and January 2026. From a technical perspective, since hitting the bottom in early February, Bitcoin has formed a narrow, slightly upward-sloping channel between two trend lines, mirroring the previous sideways movement after the drop from $100,000.At that time, the market also exhibited a slow, oscillating upward crawl, ultimately leading to a false breakout where the price plummeted straight from about $90,000 to nearly $60,000. Technical analysis refers to such patterns as "counter-trend rebounds," which are small recoveries that occur within a downtrend. The current rebound lacks explosive momentum, which is a typical signal of bull exhaustion; the market may just be catching its breath, waiting for bears to regain strength.$65,800 is a key support level. If Bitcoin falls below the current lower boundary of the channel at around $65,800, it would mean that bears have regained control; if it breaks upward through the channel, the downtrend may lose momentum, and bulls could be poised for a strong counterattack. Bitcoin is currently at a critical decision point, and the direction remains unclear.

Ethereum has dropped to around $2,100, with a daily decline of 7%, mainly due to the Federal Reserve's interest rate decision and higher inflation expectations. In the past 24 hours, the total amount of long liquidations in the crypto market reached $492.8 million, with over $144 million in ETH long positions being forcibly liquidated.More critically, CoinGlass data shows that if ETH falls below $2,000, it will trigger over $2.5 billion in leveraged long liquidations across all trading platforms, meaning that if the bearish momentum continues, ETH will face a greater risk of a waterfall decline. Additionally, the U.S. spot Ethereum ETF recorded a net outflow of over $55.5 million on Wednesday, ending a streak of six consecutive days of net inflows. In the past eight FOMC meetings, ETH has declined after seven of them.The typical post-FOMC pullback ranges from 16% to 23%, with deeper deleveraging phases seeing declines of 33% to 43%. From a technical perspective, $2,100 is currently a key support level, closely coinciding with the upper boundary of the ascending triangle and the 50-day moving average. If the bulls can hold this position, the next target is $2,575 (100-day moving average), and above that is the triangle measurement target of $2,700. If $2,100 is lost, ETH will retest the triangle support line around $2,000; if it further breaks below the 20-day moving average, it faces the risk of dropping to $1,800.

Crypto.com CEO Kris Marszalek disclosed on social media that Crypto.com is officially advancing enterprise-level artificial intelligence (AI) integration across the company and simultaneously reducing approximately 12% of its positions. Affected employees have been notified, and the company will provide them with appropriate transitional support resources.Kris Marszalek stated that this strategic adjustment aims to combine the best AI tools with high-performing talent to achieve levels of scalability and precision that were previously unattainable. The positions being cut are primarily functional roles that are deemed unable to adapt to the new business model.

According to Jinshi reports, Federal Reserve Chairman Powell stated that last year's interest rate cuts brought the level of interest rates close to a reasonable estimate of the neutral rate.

According to Jinshi reports, the Federal Reserve FOMC statement indicates that the current level of inflation is still slightly high.

According to market news, Bitcoin is currently priced at approximately $74,230, down about 2.6% from the six-week high of $76,000 reached on Tuesday. The market generally expects the Federal Reserve to maintain interest rates at the upcoming Federal Open Market Committee (FOMC) meeting.Traders widely believe that the expectation of unchanged interest rates has been fully priced in by the market, and the real catalyst for volatility will be the statements made by Federal Reserve Chairman Jerome Powell at the post-meeting press conference—whether a hawkish or dovish stance will directly influence market direction. Additionally, the situation between the U.S. and Israel-Iran, inflation concerns, and rising oil prices also pose potential sources of volatility.In terms of price, Bitcoin needs to effectively break through the resistance level of $76,000 and turn it into support in order to further challenge the range above $80,000, with the next target being the 200-day simple moving average (SMA) at $87,411. If the bulls fail to hold, the price may retreat to the range of $72,000 to $65,000, and in extreme cases, it could drop to $60,000.

CryptoQuant analyst @AxelAdlerJr stated that there has been a rebound in the inflow of funds into Bitcoin spot ETFs recently, but the Bitcoin price is still $5,174 lower than the ETF realization price (note: this can be approximated as the average cost price of Bitcoin held by the ETF), which is about $80,000.The analyst mentioned that a recovery in demand could drive prices upward, but the resistance level around $80,000 may trigger profit-taking, and it is necessary to pay attention to subsequent macro data to assess the potential for a breakout.

Alibaba launched the world's first enterprise-level AI native work platform—"Wukong." Wukong is an independent application that starts its invitation testing today and will also be directly integrated into DingTalk, which has over 20 million enterprise organizations.Wukong fully supports connecting users' DingTalk accounts, secure access permissions, and application systems within enterprises. At the same time, Alibaba's ecosystem business ToB capabilities will gradually be embedded into the platform in the form of skills, serving as a unified outlet for Alibaba's AI capabilities in enterprise work scenarios.

According to independent analyst Markus Thielen, Ethereum has accumulated a decline of about 63% in this cycle, reaching a low of $1837, and the current price is testing the technical resistance level at the upper edge of the downward channel.The recent price recovery has been primarily driven by options capital flow and the Gamma hedging mechanism, with no significant changes in the fundamentals. Although ETF demand has shown some signs of recovery, derivative positions remain the core factor affecting recent trends. Analysts point out that the financial asset attributes of Ethereum are becoming increasingly apparent, and its price movement has begun to decouple from traditional major asset classes. The traditional risk-on/risk-off framework has limited explanatory power, and the crypto market may be forming a more independent pricing logic, with the position structure and capital flow worthy of continuous tracking.

According to The Block, Bitcoin briefly broke through $74,000 on Monday, continuing its upward trend this week. Analysts believe that strong institutional demand is driving the price, and additionally, global crypto ETF products saw a net inflow of about $1 billion last week, marking three consecutive weeks of positive inflows, with the U.S. Bitcoin spot ETF dominating. Strategy and other companies continue to increase their Bitcoin holdings, and BlackRock's Bitcoin ETF has attracted about $1.75 billion in inflows over the past three weeks.Despite the return of institutional funds, the market structure shows that the upward trend still has vulnerabilities. Liquidity in the crypto market has tightened since the end of January, with the profit ratio for short-term holders below 50%. The options market has a concentration of open contracts around $75,000, which could amplify price volatility when breaking through that level.Analysts point out that Bitcoin has formed an accumulation zone in the $62,000--$72,000 range, and may maintain range-bound fluctuations in the short term. If it breaks through the concentrated area at $75,000, derivatives hedging could accelerate the rise; if it does not break through, it may remain solidified, with investors watching the developments in the war, energy markets, and Federal Reserve policies.

According to a chart report released by independent analyst Markus Thielen, Circle (CRCL) has accumulated a rise of nearly +100% in less than three weeks since the Daily Insight issued a rebound alert, and this round of gains has basically been realized.As the stock price gradually approaches resistance levels, market attention may shift in other directions. Analysts point out that current technical indicators continue to improve, liquidation pressure is relatively controllable, and sentiment indicators have also shown significant improvement, but trading volume remains low, reminding investors to remain cautious when taking a one-sided bearish view in a thin market.

According to crypto analyst Darkfost, the open contracts for ETH on the Binance platform have significantly decreased, with the position size dropping by about 400,000 ETH since January. At the same time, the spot to futures trading volume ratio for ETH on Binance has fallen to its lowest level since 2023, which is the year the bear market ended.Despite this, the current futures trading volume for Ethereum on Binance is still more than six times that of the spot trading volume. This reflects the true weakness of the Ethereum spot market at present, and the selling actions of the Ethereum Foundation and even Vitalik Buterin may have led to cautiousness among investors.

The on-chain analysis platform Santiment posted on X platform that, according to traceable wallet data, the proportion of Bitcoin stored on exchanges has dropped to its lowest level. Over the past eight years, both the crypto market and the global macro environment have undergone significant changes, while the proportion of Bitcoin reserves on exchanges has continued to decline, which is generally seen by the market as one of the signals of increased long-term holding tendency and reduced circulating selling pressure.

According to Gate market data, the US Dollar Index DXY has returned to the 100 mark, marking its first breakthrough since November of last year.

According to data from the Federal Reserve Bank of St. Louis for February, job vacancies in the U.S. financial and insurance sector fell to a 13-year low of 134,000 by the end of 2025, a 75% drop from the peak in 2022, and even lower than the bottom during the 2001 recession. Market commentary agency The Kobeissi Letter warned that the industry may be preparing for more layoffs.Meanwhile, the U.S. Bureau of Labor Statistics reported an unexpected decrease of 92,000 jobs in February, but the financial activities sector saw a net increase of 10,000 positions, becoming one of the few bright spots. The information sector, transportation and warehousing, and the federal government each saw a reduction of about 11,000 to 10,000 jobs.Analysts stated that a weakening job market could increase the probability of the Federal Reserve cutting interest rates, potentially benefiting the cryptocurrency market, but the market's fragility may also trigger investors to shift to risk-averse strategies.

According to an analysis by The Kobeissi Letter, with U.S. oil prices currently close to $120 per barrel, their model indicates that if the current levels persist for 3 months, the U.S. CPI inflation rate will rise to about 3.7%.This would bring the U.S. inflation rate to its highest level since September 2023.

According to market news, the crypto sentiment platform Santiment pointed out that after Bitcoin reached $74,000, whale investors have sold about 66% of their recent purchases, while retail investors continue to buy at low levels. The signal of "whales selling, retail buying" has historically indicated that a correction is not yet in place. Currently, Bitcoin is priced at approximately $67,984, and the fear and greed index has dropped to 12 (extreme fear). Meanwhile, the net outflow from the U.S. Bitcoin spot ETF reached $348.9 million in a single day, hitting a three-week high.Analysts warn that if the price cannot hold the support range of $67,000--$68,000, it may further test the lows, but $60,000 is seen as an important bottom support.

Cryptocurrency market analyst Axel Adler Jr. posted on social media: "Bitcoin is currently in the mid-stage of this cycle. The NUPL--MVRV harmonic composite indicator is at 0.33, while the bottoms in previous cycles typically occur close to -0.5.This indicator also shows that the cycle lows are gradually moving up, indicating that the extreme panic selling in the market is diminishing. However, the indicator is still significantly above the historical bottom region, so the market has not yet confirmed a comprehensive capitulation sell-off."

According to The Block, the Florida legislature passed the SB 314 bill with a vote of 37 in favor and zero against, making it the first state in the U.S. to establish a state-level regulatory framework for stablecoins.The bill will align with the federal GENIUS Act standards, requiring stablecoin issuers to comply with anti-money laundering regulations, prohibiting unlicensed issuance, and clearly stating that stablecoins are not considered securities. The bill is expected to be signed into law by Governor Ron DeSantis within 30 days.

According to Cointelegraph, Santiment data shows that the number of non-empty Bitcoin wallets has reached an all-time high, while the supply of Bitcoin on exchanges has dropped to its lowest level since 2017. This trend indicates that Bitcoin adoption is on the rise, with more investors choosing to store their assets in offline wallets.