analysts

TD Cowen analyst Lance Vitanza reiterated a buy rating on Bitcoin reserve company MSTR and raised the target price to $385.

Bloomberg's senior ETF analyst Eric Balchunas stated on the X platform that Bitcoin ETFs have once again recorded a solid week of inflows, and overall funds have officially turned positive. Although the previous outflows were not significant, against the backdrop of limited price increase momentum, funds have still successfully "filled the gap," demonstrating strong resilience.

The latest U.S. PCE inflation data largely met expectations, easing market uncertainty, and Bitcoin's price stabilized after previously reaching around $73,000. Data shows that the core PCE year-on-year is 3%, and month-on-month is 0.4%. The market is also influenced by the easing situation between the U.S. and Iran, but analysts point out that the current PCE data has not yet reflected potential energy price shocks.Although the inflation data did not trigger significant market fluctuations, investors remain cautious about the Federal Reserve's interest rate cut expectations for this year. Economist Mohamed El-Erian stated that compared to PCE, the upcoming CPI data to be released this week will have a more critical impact on the market, especially against the backdrop of oil price fluctuations. On the trading front, the market remains in a volatile range, with liquidity mainly concentrated in the $69,000 to $76,000 range. Trader Michaël van de Poppe believes that as long as the key support range holds, Bitcoin is expected to start a new round of upward momentum, targeting $80,000.

According to CoinDesk, Bitcoin is currently priced at about $71,200, and Ethereum is at $2,185, with the overall market maintaining a range-bound fluctuation. Bloomberg analyst Mike McGlone warned that if Bitcoin cannot recover to $75,000, there is a risk of dropping to $10,000; Fundstrat founder Tom Lee believes that the market bottom has been established.In terms of derivatives, Bitcoin futures open interest has risen to 726,000 contracts, with the 24-hour CVD being positive for two consecutive days, and the funding rate slightly above zero, indicating an overall bullish tendency; the CVD and funding rates for ETH, XRP, and Solana are slightly negative. The volatility index continues to decline, with the market expecting price fluctuations of only about 2.5% around Friday's inflation data.Regarding altcoins, MANA and AERO each rose by about 6%, but MANA's increase was accompanied by a 25% surge in open interest, indicating it is mainly driven by leverage. The market is focused on whether Bitcoin can effectively break through $75,000 and establish support; if achieved, it may trigger a rotation of funds into oversold altcoin sectors.

Analyst Alicharts updates multiple long-term bottom indicator signals for Bitcoin to reference Bitcoin's bottom points.Key support levels include around $63,111 shown by URPD, the trend line guarding for nearly 10 years at $56,000-$60,000, the structural bottom of CVDD at $47,960, and the extreme pain zone of MVRV at $43,647. Alicharts suggests that investors diversify funds into areas between $63,000 and $36,000, rather than precisely predicting a single bottom. Currently, the market is mostly in a wait-and-see or distribution phase, suitable for macro rebound layouts.

According to Cointelegraph, Morgan Stanley has submitted an S-1 amendment for its Bitcoin ETF again, and analysts expect this to be the last update before the fund's launch next week.

Bloomberg analyst Eric Balchunas posted on social media that the T-Strive Digital Credit ETF, jointly launched by Tuttle and Strive, has submitted new application documents. This ETF will hold preferred securities of DAT company.The T-Strive Digital Credit ETF is a basket of holding-type products, with underlying assets being the preferred securities of multiple Digital Asset Trusts (DATs). It can be understood as a "DAT preferred securities portfolio ETF," rather than just betting on a single issuer.

Crypto analyst Leshka.eth expressed the view that the recent price trend of Ethereum is showing a technical pattern similar to historical "bull market traps," with a risk of further decline in the short term, potentially targeting $1200, representing a potential drop of about 40% from current levels.The technical indicators show that the Supertrend indicator on the ETH daily chart has failed to sustain its previous two "bullish" signals, which subsequently triggered significant pullbacks of 45% and 48%. A similar structure is now appearing again at the critical level of about $1990; if it breaks below this level, it could trigger a new round of accelerated decline.The fundamentals and capital flows are also weak. On a macro level, geopolitical conflicts in the Middle East and recession expectations are suppressing risk appetite, while the market's expectations for a Federal Reserve interest rate cut have significantly shifted further out; in terms of capital flows, there has been a net outflow of about $300 million from U.S. spot Ethereum ETFs recently, and on-chain demand has dropped to a 16-month low.On-chain data shows that the number of large holding addresses (≥10,000 ETH) has stagnated since peaking, and there are also no significant signs of accumulation from "whale" and "shark" addresses in the 1,000 to 10,000 ETH and 100 to 1,000 ETH ranges, respectively, indicating an overall state of distribution and wait-and-see. In the absence of strong buying support, if key support levels are breached, the ETH price may face further downward pressure.

According to Forbes, Goldman Sachs analyst James Yaro stated in a research report that the decline in Bitcoin and the cryptocurrency market has roughly reached the historical average level from peak to trough in this cycle. In recent weeks, Bitcoin and cryptocurrency-related stocks have shown volatility but are trending towards stability. However, Yaro warned that trading volume may decline further, and in a low trading volume environment, Bitcoin prices are prone to significant fluctuations, making any rebound difficult to sustain.He pointed out that trading volume typically remains at a low for about three months before showing a noticeable recovery. If trading volume continues to decline, cryptocurrency companies' revenues may decrease by 2% and profits by 4% in 2026. Goldman Sachs currently rates Robinhood, Figure Technologies, and Coinbase as "buy," with the stock prices of these three companies down at least 50% from their historical highs. Yaro stated that digital asset-related targets are presenting increasingly attractive entry points.Goldman Sachs CEO David Solomon revealed last month at the World Liberty Forum held at Trump's Mar-a-Lago in Florida that he holds a small amount of Bitcoin, marking a shift in his stance for 2024. This week, Bitcoin prices fell back to around $60,000, and Trade Nation senior market analyst David Morrison noted that Bitcoin previously faced resistance and retreated around $72,000. Currently, the daily MACD indicator is flattening at a neutral level, and the short-term trend direction remains unclear.

Analysts say that Michael Saylor's strategy for MSTR involves purchasing more than 30,000 BTC this week, with the next target being 800,000 BTC.

According to Cointelegraph, the circulating market value of USDC has risen to about $79.2 billion, nearing its historical high. The market value of this stablecoin has continued to climb from about $70 billion in early February, breaking through $75 billion at the beginning of this month. Rami Al-Hashimi, who claims to be a Dubai analyst, associates this surge in demand with capital outflows from the UAE. He stated that the current demand for USDC on Dubai's over-the-counter (OTC) platforms is difficult to meet, attributing this to the severe fluctuations in the local real estate market.According to him, property prices in Dubai have dropped by about 27% this month. Data from TradingView shows that the DFM Real Estate Index, which tracks listed real estate and construction companies in Dubai, has fallen from a recent high of about 16,800 points to around 11,516 points, a decline of about 31%. Al-Hashimi also mentioned that some property sellers have begun to accept cryptocurrency payments and are offering discounts of 5% to 10% to buyers who pay in BTC.

According to Jinshi reports, Bank of America analyst Michael Hartnett warned that if the S&P 500 index further drops to around 6,600 points, just 1% lower than recent levels, it could trigger a policy response from the White House or the Federal Reserve.

According to Jinshi reports, KBC Bank analysts stated in a report that the bank expects the European Central Bank to raise interest rates at next week's policy meeting or in April.Analysts pointed out that if there is no unexpected ceasefire this weekend, the European Central Bank will face oil prices at $100 per barrel and difficult policy choices when it meets next Thursday. LSEG data shows that the money market expects the European Central Bank to keep interest rates unchanged in March and to factor in an interest rate hike of about 7.5 basis points for April.

According to Jin Ten, the U.S. Bureau of Labor Statistics will release the Consumer Price Index data for February tonight. The market expects inflation to stabilize, but still remain above the Federal Reserve's 2% target. Analysts at TD Securities indicate that this week's February CPI report should begin to show a slowdown in service sector inflation, which may lead to a month-over-month increase in core CPI slowing to 0.23%.

Analyst data shows that Goldman Sachs has become one of the largest holders of the XRP spot ETF. At the same time, there are many unidentified investors in the market, referred to by analysts as "super fans" of XRP.Bloomberg analyst James Seyffart stated that the XRP ETF investors visible through regulatory filings currently represent only a small portion, as the vast majority of investors do not need to submit 13F disclosure documents. Data shows that the top 30 holders of the XRP spot ETF collectively hold about $211 million in fund shares. Overall, these ETF products have attracted over $1 billion in inflows by the end of 2025. Another Bloomberg analyst, Eric Balchunas, believes that this funding is likely to come primarily from XRP's core supporters rather than ordinary retail investors.

Analyst James Seyffart from Bloomberg stated on the X platform that despite the significant pullback in XRP prices, the related ETFs have performed robustly, accumulating approximately $1.4 billion since their launch.

Bloomberg analyst James Seyffart posted on the X platform that, based on the latest disclosed data, the list of investors purchasing the Solana ETF is primarily composed of various market makers and crypto investment institutions, representing a "star lineup" of industry players.According to the disclosed data, the top three holders of Solana ETF exposure are: Electric Capital Partners (over $137 million), Goldman Sachs Group (over $107 million), and Elequin Capital (over $87.9 million). Additionally, Morgan Stanley currently holds approximately $15.3 million.

Bloomberg ETF senior analyst Eric Balchunas posted on the X platform that the United States Oil Fund, an exchange-traded fund for crude oil in the U.S. stock market, has seen unusually high trading activity today. As of 11:30 AM Eastern Time, the daily trading volume has exceeded $7.6 billion, breaking its historical single-day trading record, far surpassing the trading volume levels during the severe fluctuations in the oil market in 2020 and 2022.Analysis suggests that this surge in trading may be driven by both professional traders and high-risk tolerant retail investors. USO is considered one of the stock-like assets most sensitive to oil prices, and thus tends to attract a large amount of short-term trading during periods of significant oil price volatility.Eric Balchunas reminds that since USO primarily tracks oil prices by rolling futures contracts, long-term holding may be subject to erosion from roll costs, and there is also a risk of rapid price pullbacks in oil. Investors should be aware of the potential volatility.

Bloomberg ETF analyst Eric Balchunas posted on the X platform that since the launch of the spot ETF in July, SOL has dropped by 57% (which is probably one of the worst issuance timings in ETF history), but these ETFs have still cumulatively attracted $1.5 billion in inflows, with virtually no significant redemptions.Additionally, about 50% of the assets come from institutional investors that submit 13F reports—this means the investor base is quite serious and professional. Both of these points are very positive signals for the future.The 13F report is a quarterly holdings report that institutional investors managing over $100 million in assets are required to submit to the U.S. Securities and Exchange Commission (SEC) under the Securities Exchange Act.