ChainCatcher news, according to CoinDesk, as a key indicator of economic sentiment and corporate credit health, the ICE/BofA US High Yield Index Option-Adjusted Spread (OAS) has retreated from recent highs, supporting a rebound in risk appetite for cryptocurrencies and the stock market, but analysts believe this relief may be short-lived.The OAS metric measures the average yield spread between dollar-denominated high-yield corporate bonds and U.S. Treasuries, adjusted for embedded options in the bonds. This metric is widely regarded as a barometer of credit risk, with widening spreads typically indicating increased investor concerns about corporate defaults or economic weakness.Currently, the OAS has decreased from a six-month high of 3.4% earlier this month to 3.2%, a decline that supports the resurgence of Bitcoin (BTC) and the Nasdaq. Previously, the spread had surged by 100 basis points over four weeks to mid-March, as concerns over economic recession triggered by Trump's tariff policies caused Bitcoin to drop below $80,000 and the Nasdaq to suffer significant losses.However, analysts expect that as the negative effects of Trump's tariff policies gradually become apparent, the OAS spread will widen further in the coming weeks. Hans Mikkelsen, Managing Director of Credit Strategy at TD Securities, stated in a recent client report, "We believe this is just the beginning, and things will get worse before they get better."From a technical analysis perspective, the OAS has broken through a three-year downtrend line, which is a highly cautionary signal for investors in risk assets.

ChainCatcher news, according to CoinDesk, the cryptocurrency market experienced a brief euphoria following the Federal Reserve's FOMC meeting, only to fall back into profit-taking. Bitcoin retreated from a high of $86,000 to below $84,000, with a 24-hour decline of over 3%, while Ethereum fell below the psychological level of $2,000. Despite the overall pressure on the market, options traders remain optimistic about the mid-term outlook, with the probability of Bitcoin breaking $100,000 by the end of June rising from 20% to nearly 30% within 24 hours.The Federal Reserve maintained interest rates and announced a reduction in quantitative tightening (QT) in April, interpreted as a signal of de facto easing, which pushed Bitcoin to briefly surpass $85,000. BNB rose 8% during the week, showing strength against the trend, while XRP's weekly increase narrowed to 4.8%. The options market showed divergence, with Ethereum call options accounting for 60%, indicating a rise in bottom-fishing sentiment; 34% of Bitcoin options volume was used for downside protection, intensifying the long-short battle. After a brief euphoria, the market returned to rationality, with $80,000 becoming a key short-term support level for Bitcoin, focusing the new round of long-short contention. The optimistic expectations in the options market and the cautious sentiment in the spot market create a delicate balance, with a breakout from the moving average pressure potentially becoming the key to a trend reversal.

ChainCatcher message, CryptoQuant posted on platform X that the Bitcoin bull market score index has dropped to its lowest point in two years, at just 20. Bitcoin has fallen 23% from its peak, and history shows that strong rebounds only occur when the index is above 60. Prolonged low index levels are often associated with bear markets.

ChainCatcher news, market interest in U.S. listed spot ETFs has reignited, with Bitcoin ETFs seeing positive inflows for the fourth consecutive day. Blockhead Research Network analysis points out: "Multiple catalysts continue to support the bullish outlook for Bitcoin. The U.S. government is exploring budget-neutral ways to accumulate Bitcoin, which could become a turning point in this cycle. Additionally, Solana futures on the Chicago Mercantile Exchange have also become a key bullish indicator for SOL, as this product may increase institutional exposure to SOL."

ChainCatcher news, QCP published on its official channel stating that last night's FOMC meeting brought a long-awaited bullish catalyst to the market, pushing Bitcoin prices to break through $85,000 with a significant increase. The Federal Reserve decided to start tapering its "quantitative tightening" plan from April. The market interpreted this as an indirect rate cut, reinforcing expectations that the Fed may begin easing policies as early as June.As of the writing of this article, the market anticipates three rate cuts in 2025, scheduled for June, September, and December. Aside from the current excitement, the Fed's tone is noticeably cautious. Policymakers have lowered the economic growth forecast to 1.7% (a reduction of 0.4 percentage points), while raising the inflation forecast to 2.8%, indicating that the risk of stagflation is rising. Additionally, the Fed's dot plot shows a more hawkish shift compared to last December, with the number of officials expecting no rate cuts in 2025 increasing to four.In the options market, market positioning has returned to normal, with skew shifting back towards call options. This contrasts sharply with earlier this week when skew was leaning towards put options. The key test now will come when the U.S. market opens tonight.

ChainCatcher news, according to DL News, the co-founder of market maker GSR and founder of cryptocurrency exchange Yellow stated: "The value of Bitcoin remains unchanged; it is still $100,000, and it is currently just discounted by 20% due to risk and uncertainty. It is only a matter of time before Bitcoin returns to a stable zone. If we eliminate all uncertainties, Bitcoin will appreciate. We are in a bull market."Despite U.S. President Donald Trump's sudden shift to support the crypto industry, his administration's aggressive tariff policies have led to investors fleeing, with Bitcoin dropping more than 20% from the historical high set on January 20, the day Trump was inaugurated.Meanwhile, as the VIX (an index measuring market volatility expectations) soared over 50% this month, investors are flocking to gold. Gold set a new record of $3,000 per ounce in March. When discussing Bitcoin's investment attributes, Sirkia stated: "In the eyes of institutions, Bitcoin is not a long-term asset like gold."

ChainCatcher news, CryptoQuant CEO Ki Young Ju stated on social media that the Bitcoin bull market cycle has ended, and a bear market or sideways price movement is expected for the next 6-12 months.

ChainCatcher news, according to on-chain analyst @ai_9684xtpa, the price of BNX has increased by 38% in the last 24 hours, bringing the current long-short ratio to "Longs 19.42% vs Shorts 80.56%".As BNX plans to rename itself to FORM, Binance will automatically liquidate the BNX/USDT contract trading pair at 5 PM today; since 12 AM today, 3 million BNX short positions have surrendered and exited.

ChainCatcher news, according to Cointelegraph, the Bitcoin to gold ratio has fallen below a rising support trend line that has lasted for 12 years. Popular analyst NorthStar stated that if Bitcoin stays below the gold trend line for even a week, or worse, a month, this breakdown could signify the end of Bitcoin's 12-year bull market.It is reported that gold prices have surpassed the historical high of $3000 per ounce, rising approximately 12.80% year-to-date, while Bitcoin has decreased by 11% in 2025. According to data from the World Gold Council, U.S. spot gold ETFs have attracted over $6.48 billion in inflows this year, with global gold ETF inflows reaching $23.18 billion; in contrast, U.S. spot Bitcoin ETFs have seen a net outflow of about $1.46 billion.

ChainCatcher news, Solana's dedicated transaction layer Bullet announced on X that it has launched its testnet.The official statement indicates that its native token will eventually be developed for Gas fees and node operations. After the mainnet launch, Zeta Markets tokens will be migrated to Bullet at a 1:1 ratio. Bullet's tokenomics show that 20% of the tokens will be used for ZEX token circulating supply conversion, 20% will be allocated for community rewards, 22.5% will be allocated to the treasury (future airdrops will come from here), 17.5% will be allocated to investors, and 20% will be allocated to the team.Bullet is a real-time L2 based on Solana, utilizing Solana L1 as the settlement and data availability layer. It employs ZK fraud proofs for verifiable on-chain settlement and features a trust-minimized bridge from Solana, achieving ultra-scaling while retaining the transparency of DeFi.

ChainCatcher news, CoinDesk analyst Omkar Godbole stated that Bitcoin fell below $80,000 this Tuesday, marking a several-month low, while the Relative Strength Index (RSI) — a widely used momentum oscillator — indicates a potential bullish rebound. This indicator has produced a higher low, contradicting the lower lows on the Bitcoin price chart, resulting in what is known as a bullish RSI divergence. This suggests that while prices are declining, the momentum behind the sell-off is weakening, potentially signaling an upcoming reversal to a bullish trend.The analyst added, "The timing of this pattern today couldn't be more interesting, as the U.S. Consumer Price Index (CPI) for February will be released at 8:30 PM Beijing time, and is expected to show progress. The bullish divergence in BTC's RSI indicates that a phase ready to react positively to potential weak readings is in place."According to CNBC, the expected data shows that the overall CPI for February and the core CPI, excluding food and energy, are projected to rise by 0.3% month-over-month. This implies an annualized increase of 2.9% for the overall CPI and 3.2% for the core CPI, both 0.1 percentage points lower than in January.

ChainCatcher news, Meme coin KOL Murad posted on the X platform stating that the bull market has not yet begun.Previous news, Meme coin KOL Murad's holdings have significantly shrunk in the past half month, with a net loss of 11.1 million dollars.

ChainCatcher news, according to Coindesk data, the recent slump in the cryptocurrency market has led traders to reassess their bullish expectations, with call options for Bitcoin reaching $100,000 surpassing those for $120,000, making it the most popular options trade on the Deribit trading platform. This shift indicates that market participants have adjusted their expectations for Bitcoin's price, with more traders beginning to bet on Bitcoin reaching the psychological threshold of $100,000.

According to ChainCatcher news, the official social media announcement states that the Huobi HTX themed column "Dialogue with HTX Partners" will be held today at 20:00 (UTC+8) via Huobi HTX Twitter Space. At that time, crypto KOL Chen Jian Jason and Zi Shi will be invited to attend, with the theme "Decoding the Wealth Code: Where Are the Signals for Bull and Bear Reversals?" to deeply analyze the bull and bear signals in the crypto market and provide insights into future trends.

ChainCatcher news, according to Coindesk, TradingView data shows that the price of Ethereum plummeted nearly 20% in the seven days ending March 9, marking the largest weekly percentage drop since November 2022.This sell-off broke the bullish trend line that started from the low point after the collapse of the Terra algorithmic stablecoin UST in June 2022, which resulted in billions of dollars in losses for investors.This decisive drop suggests that the bullish trend for Ethereum over the past three years may have ended, with focus shifting to deeper losses, potentially falling to support levels near the lows of September-October 2023, around $1,500.Trend lines help visualize the direction of capital flow among traders and where price changes may occur. An upward or bullish trend line represents a level where demand is expected to be sufficient to prevent further price declines. When a long-term bullish trend line is broken, as in the case of ETH, it indicates weakening demand and suggests a potential bearish shift in market trends. Breaking below a trend line often prompts other traders to sell, leading to larger losses.