“Cryptoctors expect a further reduction in the price of bitcoin in March, accumulating $ 550 million in Put Opinos with $ 70,000. The Derive Platform Research Head of the Duson Platform Research in the report of March 11 noted the growth of bear sentiment. Almost 43% of the platform sold per day of the contracts were putting, which reflected the need for hedge from falling, he said. “The market faces significant […]”, – WRITE: Businessua.com.ua
Cryptotraders expect a further reduction in the price of bitcoin in March, accumulating $ 550 million in Put Opinos with $ 70,000. Dlnews writes.
The Derive Platform Research Head of the Duson Platform Research in the report of March 11 noted the growth of bear sentiment. Almost 43% of the platform sold per day of the contracts were putting, which reflected the need for hedge from falling, he said.
“The market is faced with significant problems as the macroeconomic situation is deteriorating, and cryptoactivity is no exception. […] In the coming weeks, they are crucial to assessing how a wider economic situation affects the prices of digital assets and trade behavior, ”Duson said.
However, not all market participants are pessimistic to evaluate the further prospects of bitcoin. Deribit derivit data exhibit the active extension of traders in the head-options with the price of $ 100,000-120 000.
Source: Deribit.
The ratio of contracts for sale and purchase remains in favor of bears – 0.52.
Negative Macroeconomic problems associated with the further development of US President Donald Trump’s Presidential Administration and uncertain Fedput pressure on the markets.
The fall of the bitcoin was facilitated by the disappointment in the community by the decree on the Kryptoreser of the United States and cryptosamite in the White House with the participation of Trump. In the first case, the expectations were associated with the state’s purchase of digital gold, and in the second – with greater specifics on digital assets policy.
Another factor of pressure was a multi-day outflow from spot bitcoin-ETF, which some interpreted as a bear signal.
Against this background, a number of experts have allowed digital gold to about $ 70,000.
The first cryptocurrency is often positioned as a grave-like activation. On March 14, the price of precious metal updated the maximum, exceeding $ 3,000 over a Troi ounce.
One Bitcoin Now Buys 27.7 Ounces of Gold. AT ITS PEAK IN 2021, ONE BITCOIN BOUGHT 36.3 OUNCES OF GOLD. That means that in terms of Gold, WHICH is real money, The Price of Bitcoin have dallen by 24%. SO BITCOIN HAS BEEN IN A STEALTH Bear Market for the Past Three and A Half Years.
– Peter Schiff (@peterschiff) March 14, 2025
“Now you can buy 27.7 ounces of gold for 1 BTC. At the peak of 2021 it was 36.3 ounces. So, in terms of real money, the price of bitcoin fell by 24%. Thus, cryptocurrency has been in the latent bear market for the last three and a half years, ”the European Pacific Capital President President Peter Schiff wrote.
Positive Nansen Analyst Eagle Barter considers the Bitcoin potential rollback in the $ 71,000-72,000 organic part of macro-correction in the current bovine market.
BitMex Exglav Arthur Hayez also called “norm” a possible cryptocurrency at 36% of the maximum. The asset will restore growth after mitigating the leading economies of monetary policy, which is inevitable in Trump’s current policy, the expert said. According to him, bitcoin remains within the bulran for long -term purposes of $ 1 million.
Cryptoquant experts believe that it is premature to conclude on the onset of the bear market. Technical indicators indicate “Pereplit” and the possible disclosure of the first cryptocurrency.
The Santiment drew attention to a significant increase in the number of transactions in Tether stablcoin.
“When the activity of USDT and other steiblcoins increases during the fall in prices, it means that traders are preparing to buy,” the company experts explained.
They acknowledged that the market dominated the moods of “exhaustion, hopelessness and surrender” against the background of a fall in the volume of bidding. This should not be considered as a direct bear indicator, as positive dynamics can dramatically turn the situation, they added.
Cryptoquant noted the historical correlation of Bitcoin from the S&P 500. One of the main stock indices of the United States has repeatedly undergone significant subsidence, as at the beginning of Trump’s presidency. However, the indicator has always recovered, maintaining the overall upward trend.
Source: X.
The Fidelity Investments Global Macrostrategy Director Yurien Timmer noted that the historic maximum of the first cryptocurrency at $ 109,000 was rather an “anomaly” in terms of the Metrics of the Curve of Acceptance.
Source: X.
Now the value has returned to the “more reasonable” levels of the trend, which implies further growth.
Recall that QCP Capital explained the fall of Bitcoin by Trump’s indifference to the risks of recession.
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