特朗普总统呼吁国会通过加密稳定币立法。(Watcher.Guru)

Odaily Planet Daily News: With the withdrawal of the US Securities and Exchange Commission's appeal against Ripple, the market value of XRP once surpassed Tether. Currently, XRP prices remain stable in the $2.4 range. Deribit options data shows that traders are closely monitoring and actively participating in option trading that expires on March 28th, with ITM call options having the highest number of open contracts.

On March 21st, according to Onchain Lens monitoring, a whale withdrew 8313 ETH worth $16.46 million from Binance after two months of dormancy. The whale currently holds 11197.53 ETH worth $22.17 million, with a floating loss of $3.8 million.

The current price range has sparse chips, indicating that market volatility may intensify. According to the exclusive chip distribution index for members, the recent support level is around 1900, only 3.11% away from the current price, while the resistance level above is as high as 2700, indicating significant pressure. This distribution suggests that prices are easily driven by emotions in the short term and may quickly break through or retrace. Combined with the 4-hour cycle K-line, the current EMA24 has crossed EMA52 to form a golden cross, indicating a medium to long-term bullish signal. But the trading volume continues to shrink to recent lows, and market activity has decreased, further highlighting the importance of chip distribution. Open membership, accurately locate support resistance, seize breakthrough opportunities! The data is sourced from the PRO member's [ETH/USDT Binance USDT perpetual 4-hour] K-line, for reference only, and does not constitute any investment advice.

On March 21st, according to Spot On Chain monitoring, 19 new wallets (possibly one entity) withdrew 61.52 million OMs (approximately 3.4% of the total supply) from Binance in the past 4 days, with an average price of $6.82 ($420 million). They currently have unrealized losses of $14.2 million (-3.39%).

10x Research published an article on X platform stating that as expected, the Federal Reserve has lowered its economic growth forecast and slightly slowed down the pace of balance sheet reduction (QT). Although this measure is not as dovish as the market hopes, it still leans towards dovish. Federal Reserve Chairman Powell reinforced this tone at the post meeting press conference, emphasizing that the recent rise in inflation may be temporary, while long-term inflation expectations remain stable. This indicates that the Federal Reserve may remain inactive in the coming months. The Federal Reserve has hinted at an increasing possibility of interest rate cuts by acknowledging weak economic growth while downplaying inflation concerns. Our basic view is that the Federal Reserve will keep interest rates unchanged until September, and the announced QT slowdown will provide some support. However, persistent risks may limit the potential for risky assets to rise after an initial rebound. Traders should distinguish between short-term tactical bullish layouts and more cautious medium-term prospects. As long as Bitcoin remains below the resistance zone of $90000-92000 (which is a major obstacle according to multiple indicators), the market may still be in a consolidation phase. Large investors may maintain a wait-and-see attitude as Trump is expected to announce tariff policies on April 2nd and the US corporate earnings season begins around April 11th (with major banks releasing their earnings reports). There is little evidence to suggest that retail traders are re entering the market or seeing Powell's recent dovish remarks as a buying opportunity. Market structure indicators remain sluggish, indicating that this rebound is unlikely to gain significant momentum or bring Bitcoin back into a broader bullish sentiment.