ChainCatcher message, trader Eugene posted a graphic in his personal channel indicating that he believes the current market has entered the fifth phase shown in the image (bullish losses, price consolidation, shrinking volume and volatility). In this phase, some stronger altcoins have reached their bottoms, but it is still uncertain whether the global bottom for most assets has arrived.Eugene explains that this phase is the one in which he participates the least, mainly because volatility is very low whether the market is rising or falling. He will only attempt to pick one or two assets that he believes are more defensive than ordinary altcoins, hoping that if he is wrong in his bearish judgment, they can perform better, but that's about it.The tricky part of the fifth phase is that it can last for any length of time. In my view, considering the lack of structural damage (no company or project failures), I don't think we will stay in this phase as long as we did in the last cycle, but that's just my guess. Cryptocurrencies may continue to follow the stock market trends for a while.

ChainCatcher news, according to Coinmarketcap data, the Altcoin Season Index recently hit its lowest level since September 3, 2024, at 13, and has now rebounded to 21, still significantly down from the February average of 43 points.The Altcoin Index has been on a downward trend since reaching an annual high of 87 on December 4, 2024, with only 15 out of the top 100 cryptocurrencies by market capitalization having gains that surpassed Bitcoin in the past 90 days.

ChainCatcher news, BitMEX co-founder Arthur Hayes posted on the X platform: "Powell has delivered on his promise, quantitative tightening (QT) basically ends on April 1. Next, to truly push the market into a bull run, either restore the supplementary leverage ratio (SLR) exemption policy or restart quantitative easing (QE). Bitcoin at $77,000 might be the bottom; there's a possibility of that. However, the stock market may still need to experience some turbulence before Jay (Powell) fully aligns with the Trump team. So, everyone should stay flexible and keep cash on hand."

ChainCatcher news, according to CoinDesk, Coinbase Institutional's research director David Duong stated that the market almost universally expects the Federal Reserve to maintain interest rates at its Federal Open Market Committee meeting this week, but investors should pay attention to any potential changes in the Fed's balance sheet reduction (i.e., quantitative tightening, QT) plan. He wrote in a report on Monday: "We believe the Fed may pause or end its quantitative tightening plan as bank reserve levels are nearing 10-11% of U.S. GDP, a level that is generally considered sufficient to maintain financial stability."He noted that the recent cryptocurrency sell-off was primarily due to macroeconomic concerns and deteriorating liquidity conditions, but these factors may improve in the next quarter, providing support for asset prices. "Cryptocurrency prices may bottom out in the coming weeks and then rebound to new highs later this year."

ChainCatcher news, analyst Benjamin Cowen stated in his latest report to subscribers that the current situation of ETH is similar to that of 2019, and a change in the Federal Reserve's monetary policy may be needed for the ETH/BTC exchange rate to bottom out and rebound.Cowen noted that in 2019, the price of ETH fell below its support level just before the Federal Reserve ended its quantitative tightening policy. People found it very difficult to make money during this cycle because the monetary policy had not changed. In the previous cycle, the market witnessed a shift in monetary policy a year before the halving. We are currently in the year following the halving, but the quantitative tightening policy has still not changed. The Federal Reserve has only slightly reduced the scale and slowed down the pace, but has never truly stopped.

ChainCatcher news, crypto analyst Matthew Hyland stated on social media that Bitcoin needs to close above $89,000 on the weekly chart to confirm that the short-term downtrend has ended. Hyland believes that $89,000 is a key level, as it is the support area that Bitcoin ultimately "broke below."Hyland warned that if Bitcoin fails to close above this level, the price could drop to the range of $74,000 to $69,000, a level not seen since last November. He stated, "In the coming weeks or months, Bitcoin is likely to test this lower support area."

ChainCatcher news, according to monitoring by ai_9684xtpa, recently 7 whales that bought the dip in Ethereum have accumulated an unrealized loss of 10.25 million USD:· Trump WLFI increased its holdings by 4,468 ETH on 03.06 at a cost of $2,228.7, currently facing an unrealized loss of 750,000 USD; its overall ETH position (66,274.9 ETH) has an unrealized loss of 77.37 million USD;· Address 0x655...1e0B8 bought 8,265 stETH on-chain yesterday at an average price of $2,218, now facing an unrealized loss of 1.312 million USD;· Address redbase.eth bought 6,100 ETH on-chain yesterday at an average price of $2,200, now facing an unrealized loss of 895,000 USD;· Address 0x42a...C42f8 has accumulated 4,505 ETH over the past 6 days at an average price of $2,171, currently facing an unrealized loss of 530,000 USD;· Mirana Ventures established a position of 21,667 ETH on 02.28 at a cost of $2,134, now facing an unrealized loss of 1.386 million USD;· A whale that profited 33.67 million USD from buying low and selling high bought 10,000 ETH on 02.15 at a cost of $2,388, now facing an unrealized loss of 3.29 million USD;· A whale that previously profited 14.26 million USD from buying low and selling high has accumulated 5,600 ETH since February this year at an average cost of $2,432, currently facing an unrealized loss of 2.087 million USD.

ChainCatcher news, Strategy founder Michael Saylor posted on his personal social platform, "If you still have more than one chair, this is your opportunity." This may imply a bottom-buying strategy for Bitcoin, meaning "If you still have 'extra chairs' (i.e., funds or resources), then this is a good time to buy Bitcoin."

ChainCatcher news, according to CoinDesk, the Fear and Greed Index has shown "extreme fear" readings for several consecutive days, which may indicate that Bitcoin prices are about to bottom out and rebound. Historically, similar situations have triggered a 200% increase in Bitcoin prices.Vincent Liu, Chief Investment Officer of trading firm Kronos Research, stated: "Bitcoin has fallen into the 'extreme fear' range, which is the first time since September 2024, when Bitcoin was trading at $53,000. In the three months following that, Bitcoin's value doubled, suggesting a potential buying opportunity for savvy investors."The Fear and Greed Index is a measure of investor sentiment, ranging from 0 (lowest sentiment) to 100 (highest sentiment). Recently, as Bitcoin prices fluctuated between $83,000 and $95,000, the index has remained in the "extreme fear" zone. This index is typically viewed as a short-term contrarian indicator, based on price volatility, momentum, social media sentiment, Google Trends data, and Bitcoin's overall market share.

ChainCatcher message, trader Eugene Ng Ah Sio posted: "Today, my team and I discussed the issue of buying at the bottom in a high time frame (HTF) ------ I believe it is impossible to do this with complete confidence.When I say that a price like 75k is a zone worth paying attention to, it is almost always in reference to a bounce in the low time frame (LTF). I would never say under any circumstances that this is a make-or-break price, or that I would fully load up at this level without setting any stop-loss points.You can never determine in real-time what constitutes a bottom; you will only know in hindsight. Therefore, to preserve capital, one should monitor when key ranges are reclaimed to moderately increase risk, rather than holding the line at prices like 80k, 60k, 40k, or 20k.Of course, you might miss the first wave of the rally, but if that truly is the bottom, you won't mind too much because there is an entire bull market ahead of you. And you have preserved your principal ------ that is what truly matters in a bear market."

ChainCatcher news, according to Cointelegraph, Bitcoin's price has rebounded to the $80,000 range today, reaching a high of $85,120 during the day, indicating a relief in selling pressure. However, market analysts warn that this increase may only be an oversold rebound, and it cannot yet be confirmed that Bitcoin has bottomed out.Some traders pointed out that Bitcoin's technical indicators had previously been severely oversold, making the rebound expected. However, if new buyers fail to maintain momentum, or if the macroeconomic environment deteriorates again, BTC may fall back to recent lows. Meanwhile, JJ, head of options and cryptocurrency trading at HighStrike, observed that Coinbase's spot buy orders have been filled, marking the first instance since Bitcoin hit a low of $52,000 in September where buy orders exceeded sell orders.Wintermute trader Jake O believes that the current disconnection between market sentiment and fundamentals is very evident, similar to the market situation in August 2024, when BTC briefly fell below $50,000 due to massive liquidations and then quickly rebounded. He expects that the market may see larger-scale upward trading in the coming days.Nevertheless, chartered market analyst Aksel Kibar described BTC's breakout above $78,000 as a "sharp retest," but did not clearly state whether the price has bottomed out. Additionally, technical analysis shows that Bitcoin's daily RSI remains in the deeply oversold zone, and today's rebound has not formed a candlestick structure with a higher high, indicating that the downtrend may not yet be over.Market sentiment continues to fluctuate, and the short-term trend still needs to focus on whether subsequent buying can maintain the upward momentum, as well as the impact of macroeconomic factors on the crypto market.

ChainCatcher news, according to IntoTheBlock, the largest holders of Bitcoin are buying the dip: wallets holding at least 0.1% of the circulating supply have increased their holdings by nearly 15,000 BTC when BTC was below $90,000, with a total value of approximately $1.28 billion.

ChainCatcher news, according to Lookonchain monitoring, a certain whale address bought 50,000 SOL (approximately 6.77 million USD) at the bottom 7 hours ago.It is reported that from November 20, 2024, to January 21, 2025, this whale sold 122,921 SOL (approximately 28.23 million USD) at an average price of 230 USD, and now he has started to repurchase SOL at a lower price.

ChainCatcher news, CryptoQuant research director Julio Moreno posted on social media that it cannot be said that Bitcoin's price has bottomed out; all valuation indicators have entered the adjustment range, and this process may take more time.For example, MVRV is below its 365-day moving average (each time it breaks below requires time to adjust).It is reported that MVRV is a relative indicator that represents the ratio of market cap (MV) to realized cap (RV).

ChainCatcher news, according to CoinDesk, the crypto market experienced a significant drop on Tuesday, with multiple on-chain indicators showing that Bitcoin prices have bottomed out.According to data from TradingView, the total market capitalization of cryptocurrencies reached $2.7 trillion, down nearly $1 trillion from the peak in December 2024. Several indicators suggest that Tuesday's sell-off may mark a local bottom.Andre Dragosch, Head of Research at Bitwise Europe, pointed out that the crypto asset sentiment index shows numerous signals of contrarian buying. The overall pessimism in liquidity, on-chain data, and the derivatives market indicates that downside risk is relatively limited. At these price levels, the risk-reward outlook appears quite favorable.