According to Santiment analysis, wallets holding more than 10 bitcoins have experienced several key turning points in the past 6 months. The slight selling from mid-February to early March intensified the recent decline in the crypto market. However, since March 3rd, these large wallets have re-accumulated nearly 5000 bitcoins, while retail investors are in a state of panic.

According to Cloverpool data, the Bitcoin mining difficulty adjustment occurred at block height 887,040 (Beijing time 03-09 23:58:46), with a difficulty increase of 1.43% to 112.15T, nearing the historical high point (114.17). Currently, the average network hash rate in the past seven days is 794.85EH/s, predicting the next difficulty adjustment to be at 114.16T.

According to Cointelegraph, European Central Bank President Lagarde stated that the EU plans to launch a digital euro in October. Earlier reports stated that the European Central Bank President said that without completing legislation, the digital euro cannot be advanced.

RealVision crypto analyst Jamie Coutts said that a weak dollar could push Bitcoin higher, but there are two key indicators that may cause concerns in the short term. Despite the sharp drop in the dollar, my framework is becoming bullish, but two indicators are still causing alarm: the US Treasury bond volatility (MOVE index) and corporate bond spreads. Coutts describes Bitcoin as a game between central banks around the world, and despite these worrying indicators, the overall outlook remains cautiously bullish. The MOVE index is an indicator of expected volatility in the US Treasury bond market. Coutts noted that while the MOVE index is currently stable, it is trending upwards. An increase in bond volatility could lead to further liquidity tightening, and at the same time, corporate bond spreads have widened for three consecutive weeks. Reversals in significant corporate bond spreads typically coincide with Bitcoin price peaks. Coutts concludes that overall, these indicators present a negative signal for Bitcoin. However, the depreciation of the dollar - one of the largest monthly depreciations in the past 12 years - remains a key driver in my framework.

JPMorgan Securities raised its year-end forecast for the yield on Japan's benchmark 10-year government bonds from 1.55% at the end of January to 1.7%, believing that US policies may bring various risks. It is predicted that the Bank of Japan will raise interest rates in June and December, but actions that the US may take could complicate the situation; if tariffs put pressure on global economic growth, it may hinder the Bank of Japan from raising rates, but if Japan is accused of letting the yen depreciate, it may hastily raise rates, fixed income research director Takashi Yamawaki and strategist Hiroki Yamamoto wrote in a report on March 10.

Cesar Ruiz, Chief Investment Officer of Pictet Group in Switzerland, believes that there will be both traps and opportunities in 2025. Many economists are concerned that the tariff policies promoted by the Trump administration will cause inflation, but Ruiz is confident in market growth. He believes that in the first half of the year, the uniqueness of the United States will remain strong, and the growth of the U.S. stock market will be sufficient to allow investors to achieve steady returns. Ruiz compares the new Treasury Secretary, Yellen, to Ben Bernanke, the former chairman of the Federal Reserve during the global financial crisis. Bernanke "was the best person for the job at the right time. Yellen is also the same." Ruiz expects that there will be large-scale consolidation among mid-sized financial companies in the United States, making it a good time to buy stocks of potential acquisition targets. With Trump cutting regulations, mergers and acquisitions will increase significantly alongside IPOs, providing good opportunities for investment banks or trading targets. (Jinshi)

According to OnchainLens monitoring, a whale staked 70,966 SOL (worth $8.95 million) and, 13 days later, unstaked and deposited the SOL into Coinbase, losing $1 million.

According to the Financial Times, global banks and fintech companies are competing to launch their own stablecoins to grab a share of the cross-border payment market that is expected to be reshaped by cryptocurrencies. Bank of America expressed an open attitude towards issuing its own stablecoin last month, joining the ranks of payment service providers such as Standard Chartered Bank, PayPal, Revolut, and Stripe that have already entered this field.

David Bailey, CEO of Bitcoin Magazine, posted on social media, "If the US Department of Justice continues to hastily liquidate the bitcoins held by the US government within three months of obtaining court approval (against the president's wishes), then the recent price trend of Bitcoin can be explained." This implies that government selling may be an important reason for the recent pressure on Bitcoin prices.

On March 10th, news came that Sonic (formerly Fantom) co-founder Andre Cronje (AC) has added the "flyingtulip founder" tag to his personal X profile. According to the project's official website, flyingtulip is positioned as a next-generation intelligent trading protocol that can support leverage trading of over 50 times. The protocol uses adaptive curve technology to automatically adjust between constant product and constant sum curves based on real-time market volatility, providing traders with better execution prices and bringing the best returns to liquidity providers.