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According to CoinDesk, as of 1 AM, the number of long positions in BTC/USD on the Bitfinex exchange has surged to 79,343, reaching a 28-month high since November 2023.Historical data indicates that the surge in long positions on this platform has often served as a contrarian indicator, typically signaling price tops and impending sell-offs. For example, in the fourth quarter of 2025, while the number of BTC/USD longs increased by 30%, the spot price of Bitcoin fell by 23%.Currently, this extreme bullish sentiment indicator has once again raised a red flag. Coupled with geopolitical tensions and macroeconomic pressures, market analysts believe that Bitcoin's consolidation in the $65,000 to $75,000 range may end with a downward breakout, deepening the downtrend that began from last year's peak.

According to market news, after Bitcoin pulled back from $76,000, the Overall Liquidity indicator and the ALT Resilient Index showed a significant resonance in the 65K--66K range. Historical data shows that such resonance often corresponds to the formation of short-term bottoms, indicating conditions for a rebound.

On-chain data platform Glassnode posted on X platform, stating that the current Bitcoin price is at the lower end of the cost range for new investors ($60,000 - $70,000). Data shows that there has been a certain degree of accumulation within this range, but the overall scale is still below the typical levels that have historically driven strong rebounds, indicating relatively weak chip density.The current accumulation structure has constructive significance in form, but is still insufficient in strength and has not yet formed a clear upward momentum signal.

California Governor Gavin Newsom signed an executive order prohibiting government-appointed officials from using non-public information obtained during their duties to engage in insider trading for profit in prediction markets, and expanded the ban to include their spouses, family members, and former business partners. The executive order specifies that public officials appointed by the governor may not use "confidential or non-public information" to bet on political or economic events related to their duties. Newsom stated that public service should not become a tool for profit and emphasized the need to draw a clear line between power and interests.

Cathie Wood's Ark Invest has massively sold off technology stocks and crypto assets, selling approximately $41 million in Meta shares, $26 million in Nvidia shares, while also reducing its holdings by about $11 million in its own Bitcoin spot ETF (ARKB), $6.5 million in shares of crypto exchange Bullish, and nearly $5 million in shares of Block.

Backpack founder Armani Ferrante posted a response to recent community FUD, addressing topics such as OTC trading, Mad Lads equity, witch hunts, and token prices.Armani stated that the team will not sell their tokens through OTC to cash out, and their previous comments about OTC were only to assist buyers in finding tokens. All users holding Mad Lads tokens before the TGE will retain their Backpack VIP status, while new users will not enjoy this status.Additionally, Armani emphasized that the FDV value 24 hours or a week after the TGE is not practically significant, and short-term FDV is not a core metric. The team's interests are deeply tied to the success of the token; if the token price goes to zero, the team will not be able to earn profits.Regarding witch hunts, he acknowledged that the team's previous handling was too mechanical and did not fully consider the complexity of community dimensions. The team is currently re-evaluating relevant cases. The team is continuing to advance the review of witch hunt cases and return to development work.

Since RootData announced the official launch of the project claiming feature, the number of projects registered has continued to rise. This week, more than 15 well-known projects have registered, including Unitas, Sign, Block Street, USDD, Axis Robotics, Huma Finance, and others. The latest data shows that projects that have completed the claiming process and updated their information have seen an average increase of over 40% in their overall transparency scores, and the average daily visits to their homepage have achieved a significant growth of 45% to 60%, greatly enhancing the community trust and market attention for these projects. As of now, the total number of projects that have completed the claiming process on RootData has exceeded 110.It is reported that the RootData project claiming feature allows project teams to directly manage and update project information on their dedicated pages, including token economic models, investors, team members, calendar events, etc., thereby improving the accuracy and comprehensiveness of their information, and gaining more precise and higher quality exposure on RootData and its over 220 data partners.

The first AI skill application store designed specifically for Chinese users—RenrenSkill officially announces its public beta. The platform is fully adapted to the Chinese environment, providing a complete experience for browsing, installing, learning, using, sharing, and creating.RenrenSkill uniquely creates three tiered sections: "Easy to Get Started, Advanced Players, Hardcore Geeks," precisely meeting the diverse needs from complete beginners to hardcore developers. In addition to a conversational installation experience that takes effect in seconds, RenrenSkill has also built a friendly community ecosystem where "everyone can create," supporting users to easily build their own exclusive Skills. In the future, it will also open up tipping and monetization mechanisms.Currently, users can visit the official website or follow the WeChat public account: RenrenSkill to learn about the latest developments on the platform. Start your low-threshold, high-efficiency AI skills journey.

According to Dailycoin, DefiLlama data shows that among approximately 1,300 DeFi projects, as much as 97.6% of the projects failed to generate significant revenue, and the income distribution exhibits a clear power-law pattern.Among them, stablecoin issuers and trading platforms dominate the leaderboard, with Tether at $490 million, Circle at $201 million, and Hyperliquid at $61 million.In addition, only six protocols had revenues between $10 million and $50 million. In the past 30 days, only 32 projects (accounting for just 2.4% of the total) had revenues exceeding $2 million; the biggest losses were incurred by the MEV protocol Kairos Timeboost (loss of about $200,000) and the options platform Hegic (loss of about $23,000).

Famous trader and chart analyst Peter Brandt, who successfully predicted the Bitcoin crash in 2018, released a chart this morning indicating that the Bitcoin price chart is forming a rising wedge pattern, which is a typical bearish signal suggesting a potential downward breakout.The chart shows that Bitcoin rebounded from a low of about $60,000 in January to around $71,000 in March, but the upper and lower trendlines of the wedge are converging, with the current price hovering in the $65,000-$70,000 range. On March 10 and 16, Peter Brandt accurately predicted a short-term rebound in Bitcoin through technical analysis.

According to Jinshi reports, Federal Reserve Vice Chairman Jefferson stated that persistent energy price shocks could have a significant impact on the economy.

OpenClaw founder Peter Steinberger posted on the X platform that the Discrawl 0.2.0 version has been released, with significant optimizations in data synchronization speed.Currently, he has been using this tool daily to analyze the core pain points and user feedback in the OpenClaw Discord community.

According to an on-chain data report released by CryptoQuant analyst nino, the Bitcoin Long-Term Holder Profit Ratio (LTH-SOPR) has recently fallen below the key threshold of 1.LTH-SOPR specifically tracks the actual profit and loss status of long-term investors who have held their coins for more than 155 days. A value above 1 indicates that the overall selling is profitable, while a value below 1 means that long-term holders are selling at a loss. The current indicator falling below 1 suggests that an increasing number of seasoned holders are starting to feel pressured to sell at a loss, and the market may be approaching a "surrender" phase—where even the most patient long-term holders begin to react to price pressure, which is often seen as an important signal in the process of seeking the market bottom.

According to monitoring by Hyperinsight, the expectations for a ceasefire in the US-Iran negotiations have fluctuated, while both WTI and Brent crude oil prices surged during the day. Against this backdrop, the top two addresses on the Brent crude oil chain, "Abraxas Capital," significantly increased their positions. In the past hour, both addresses simultaneously added to their short positions, with a total increase of $16 million, at an average purchase price of approximately $99.6.Following this round of increased positions, the total size of the two short positions has risen to $66.4 million, with an average price of about $103 and a liquidation price average of $140. Due to the short-term rise in oil prices, the floating profit has narrowed from $3 million to $2.2 million.

According to on-chain analysis platform CryptoQuant, analyst Darkfost has monitored that Bitcoin ETF fund flows have significantly rebounded after experiencing a large outflow. The cumulative Bitcoin balance of the ETF is still negative (approximately -4,000 BTC), but it has improved significantly compared to the lowest point (-42,000 BTC). In the past month, the ETF has seen a net inflow of about 38,000 BTC, equivalent to approximately $2.6 billion.Analysts point out that the rebound in ETF demand is an important driving factor for the recent positive trend in the Bitcoin market. However, the Bitcoin price is still fluctuating within the current range, and whether it can maintain positive momentum in the future depends on the sustainability of this trend.

Former Base design director Benji Taylor stated that he has joined the X platform and will lead the design team, "looking forward to working closely with Elon Musk, Nikita Bier, and other team members."

According to Jinshi reports, Federal Reserve Governor Milan stated that he does not believe the Federal Reserve needs to significantly accelerate the pace of policy adjustments.

According to CoinDesk, Cipher Digital (CIFR) stock price rose about 9% in pre-market trading after the company announced a 15-year data center leasing agreement with an investment-grade hyperscale client and secured a revolving credit facility of up to $200 million.According to the announcement, Cipher will develop and deliver high-performance computing (HPC) facilities at its existing site in the third data center campus, further strengthening its position as a partner for AI infrastructure for large tech companies. In terms of financing, the company has secured a revolving credit facility supported by a syndicate of global banks, with a total size of up to $200 million, along with a $50 million additional expansion option, providing non-dilutive funding support for its expansion, liquidity management, and future growth.

According to CoinDesk, amidst the rising uncertainty in the U.S.-Iran situation and weakening expectations for macro liquidity, Bitcoin remains fluctuating above $70,000, demonstrating strong market resilience.Despite facing multiple bearish factors, including the complete pricing in of the Federal Reserve's interest rate cut expectations for the year, tightening regulation on stablecoins (Circle's stock price drop), and news that Bhutan may sell about $30 million in BTC, Bitcoin's pullback has been limited and the decline short-lived.Analysts believe that when prices do not decline despite the release of numerous negative factors, it usually indicates strong potential buying interest. Coupled with the factors of this cycle's options expiration, the market may have the momentum to rebound to $75,000.