ChainCatcher news, the cryptocurrency market collectively plummeted on March 4, with Bitcoin briefly dropping below $83,000, a decline of over 11% within 24 hours, Ethereum falling over 17%, and ADA dropping over 28%. Coinglass data shows that the total liquidation in the cryptocurrency market exceeded $1 billion, with over 310,000 people liquidated. In the secondary market, most Hong Kong stock cryptocurrency concept stocks also fell, with Boyaa Interactive dropping over 13%, OKC Cloud Chain falling over 21%, and OSL Group down over 3%.Analysts pointed out that the renewed sell-off in the crypto space is related to Trump's latest remarks. On March 3 local time, Trump stated that reciprocal tariffs would begin to be imposed on April 2, and the 25% tariff on goods from Mexico and Canada would take effect on March 4. After this news spread, investors' concerns about the "trade war" intensified, leading to a sell-off of U.S. tech stocks, cryptocurrencies, and other risk assets. The cryptocurrency market collectively plummeted on March 4, with Bitcoin briefly dropping below $83,000, a decline of over 11% within 24 hours, Ethereum falling over 17%, and ADA dropping over 28%. Coinglass data shows that the total liquidation in the cryptocurrency market exceeded $1 billion, with over 310,000 people liquidated. In the secondary market, most Hong Kong stock cryptocurrency concept stocks also fell, with Boyaa Interactive dropping over 13%, OKC Cloud Chain falling over 21%, and OSL Group down over 3%.Analysts pointed out that the renewed sell-off in the crypto space is related to Trump's latest remarks. On March 3 local time, Trump stated that reciprocal tariffs would begin to be imposed on April 2, and the 25% tariff on goods from Mexico and Canada would take effect on March 4. After this news spread, investors' concerns about the "trade war" intensified, leading to a sell-off of U.S. tech stocks, cryptocurrencies, and other risk assets.

ChainCatcher news, the encrypted market maker Wintermute released a market research report indicating that recently, driven by ETF fund outflows, concerns over SOL unlocks, and liquidity issues following the Bybiy hack, the cryptocurrency market accelerated its decline when Trump announced new tariff policies, exacerbating trade war fears. Market risk aversion began to intensify, with nearly $3 billion in long leveraged positions being liquidated.The U.S. Securities and Exchange Commission (SEC) has recently significantly reduced its enforcement actions against cryptocurrency companies, including:Agreeing to withdraw its lawsuit against Coinbase;Ending the investigation into OpenSea;Concluding the investigation related to Robinhood's cryptocurrency listings;Suspending the investigation into Uniswap's facilitation of unregistered securities;Ending the nearly two-year investigation into Gemini's yield program;This regulatory thaw marks a significant reversal from the previous administration's approach, with the SEC seemingly reassessing its stance toward the cryptocurrency industry.Bitcoin ETF net outflows hit a record, with $2.5 billion flowing out last week, including a single-day outflow of $1 billion, bringing the total outflow for February to $3.3 billion (compared to the previous record of $343 million set in April 2024). The CME futures basis dropped from 22% in December to a low of 4% last week, significantly reducing the profitability of basis trading strategies. Futures indicators reflect this shift: open interest fell to $13 billion, and monthly trading volume dropped to $247 billion, with both sides at their lowest levels since October 2024.The significant market reversal following Trump's announcement of a "cryptocurrency strategic reserve" on Sunday reveals that the cryptocurrency market is now highly sensitive to administrative signals. The market's reaction exceeded the actual content of the announcement, which largely reiterated the executive order from January. The unwinding of Bitcoin ETF arbitrage strategies highlights the increasingly tight integration between traditional markets and the cryptocurrency market, with both sides now responding quickly to each other's movements. As institutional cryptocurrency products and platform services expand, these cross-market dynamics and competitive user activities may intensify.

ChainCatcher news, according to a research report by Kaiko, the market slump in February triggered several waves of liquidations, significantly reducing the leverage levels of the top ten altcoins. Analysts believe that this position reset has created a healthier foundation for the cryptocurrency market, potentially paving the way for a more sustained upward trend in the coming weeks.The report notes that with the U.S. announcing the establishment of a strategic cryptocurrency reserve plan, although Bitcoin's reaction was relatively muted, overall market volatility surged, especially among altcoins. The intra-day volatility, which had been below 200% since the tariff sell-off in February, skyrocketed after the announcement, with ADA's volatility breaking 600%, marking the largest increase among major altcoins.Kaiko's analysis indicates that the inclusion of specific altcoins in the U.S. strategic reserve may accelerate the rotation of capital among altcoins, reinforcing the trend of concentrated gains in altcoins. Since last November, trading activity on U.S. exchanges has increasingly been dominated by large-cap assets. A year ago, the top ten altcoins accounted for 58% of altcoin trading volume on U.S. platforms, and 50% on offshore exchanges; as of last week, these shares have risen to 77% and 66%, respectively.

ChainCatcher news, Hyper Foundation announced on X that the validator set of the Hyperliquid mainnet will be fully permissionless after the next network upgrade. Similar to the testnet, the top N validators ranked by staking amount will form the active set. The initial N is set to 20 and will gradually increase over time.In addition, Hyperliquid has launched a Validator Delegation Program aimed at enhancing network security and decentralization, and supporting validators committed to ecological development. The official recommendation is for validators to familiarize themselves with the testnet and understand the relevant technical details before running mainnet nodes. It is worth noting that the self-delegated staking of 10,000 HYPE will be locked by the protocol for one year, even if the validator fails to enter the active set; this lock will still apply. Hyper Foundation strongly advises validators to apply for participation in the delegation program before running mainnet nodes.

ChainCatcher news, according to Defillama data, when the ETH price reaches $1,908, $1,844, and $1,780, three large positions will be liquidated. The value of each position ranges from $119 million to $127 million.

ChainCatcher news, Mike Alfred, founder of the digital asset investment platform Eaglebrook Advisors, posted on the X platform: "There are reports that the Trump administration is set to announce a zero capital gains tax policy on cryptocurrency sales at the cryptocurrency summit on Friday (i.e., cryptocurrency sales will be exempt from capital gains tax)."

ChainCatcher news, according to Coinglass data, the total liquidation across the network in the past hour was $80.7496 million, with long positions liquidated at $76.0767 million and short positions liquidated at $4.6729 million.

ChainCatcher news, according to Coinglass data, the total liquidation in the past 24 hours reached 967 million USD, with long positions liquidated at 413 million USD and short positions liquidated at 555 million USD.

ChainCatcher news, QCP Capital's latest analysis points out that after a turbulent week, the market has returned to the starting point of last Monday. Over the weekend, Trump announced the establishment of the U.S. Crypto Strategic Reserve. While some market participants believe this news has already been priced in, others see it as the only catalyst to drive cryptocurrency innovation to new highs later this year. Unexpectedly, Trump used this "lifeline" in advance, pulling the Bitcoin price back above $90,000 during the low liquidity period on Sunday.QCP Capital notes that for a president proud of being a market hero, last week's performance of risk assets was disappointing. The new round of tariff policies and the less-than-expected progress in the Russia-Ukraine talks have shaken investor confidence. Although the timing of the strategic reserve announcement was unexpected, the political considerations are clear—Trump needs a win to prevent a decline in approval ratings, which is a metric he personally values highly.Despite encouraging signs of recovery in risk assets, the market has not fully returned to normal. Bitcoin is still trading near the bottom of its multi-month range, front-end cryptocurrency volatility remains relatively high, and major cryptocurrencies continue to show a bearish skew until the end of March. The VIX fear index is also at a high level, indicating widespread unease in the market regarding overall risk assets, especially after the recent announcement by the U.S. government to raise tariffs.Key events this week include Wednesday's Purchasing Managers' Index (PMI), Friday's non-farm payroll data, and Friday's White House cryptocurrency summit. The latter will be an important event, expected to reveal key details about the U.S. cryptocurrency reserve and regulatory framework.

ChainCatcher news, according to The Block, Presto Research's research director Peter Chung stated, "Judging short-term price trends is always challenging, but given that White House AI and cryptocurrency chief David Sacks hinted at more content at the crypto summit in a recent tweet, the market is expected to remain elevated before Friday Eastern Time, unless there are adverse macroeconomic or tech earnings reports."In addition to the summit-related outcomes, the latest developments regarding the CME listing Solana futures, which still require regulatory approval to be finalized, may further drive up SOL. Chung stated: "CME may not stop at SOL and could also launch XRP and ADA futures, especially after Trump's post, as these tokens are regaining the attention of traditional financial investors."

ChainCatcher news, according to Coinglass data, if BTC breaks through $95,000, the cumulative short liquidation intensity on mainstream CEX will reach $688 million.On the contrary, if BTC falls below $90,000, the cumulative long liquidation intensity on mainstream CEX will reach $1.91 billion.

ChainCatcher message, if the Bitcoin Reserve Act in Florida is passed, the state plans to acquire up to $1.85 billion in Bitcoin.

ChainCatcher news, according to OnchainLens monitoring, a certain whale has sold all of its holdings in PEPE and BEAM, exchanging them for 6.25 million DAI, resulting in a loss of 14.14 million dollars. Subsequently, the whale spent DAI to purchase 5.34 million ONDO at an average price of 1.17 dollars.After that, the whale purchased 5.34 million ONDO with DAI at an average price of 1.17 dollars. Address: 0x6555e1cc97d3cba6eaddebbcd7ca51d75771e0b8

ChainCatcher news, according to Coinglass data, the total liquidation across the network in the past 24 hours was $830 million, with long positions liquidated at $286 million and short positions liquidated at $543 million. Among them, Bitcoin liquidations amounted to $313 million, and Ethereum liquidations amounted to $155 million.

ChainCatcher news, Greeks . Live macro researcher Adam posted on the X platform that the most noteworthy event this week is the cryptocurrency summit to be held in the U.S. on March 7, where every move of Trump greatly influences the cryptocurrency market. This week is a macro big week, with impactful news almost every day. This Friday, in addition to the crypto summit, there are two significant data points: the unemployment rate and non-farm payrolls, which are very worth paying attention to. Moreover, the U.S. is about to switch to daylight saving time, making it more convenient to monitor the market. On Tuesday, Trump's tariff policy on the U.S. and Canada takes effect, and there are also important economic events on other days, creating rare trading opportunities driven by events.Cryptocurrency market outlook: The cryptocurrency market rebounded significantly over the weekend, with a single tweet from Trump reversing the prolonged bearish sentiment in the crypto market. Bitcoin has returned to the fluctuation zone of $94,000, and the sudden change in market conditions caught participants off guard, shifting market sentiment from very pessimistic to very optimistic. In terms of options, the volatile market has driven a rebound in implied volatility (IV) across all maturities, with the at-the-money IV for the current month rebounding to 55%, and short-term IV soaring to 70%. The intense market movements and the uncertainty brought by multiple economic events this week will likely keep the IV at a relatively high level, but buying options remains very cost-effective.Regarding the cryptocurrency interest rate market, the Bitfinex interest rate market has been relatively stable recently, and suitable interest rate orders can be actively executed, especially during market movements, which are worth paying special attention to.

ChainCatcher news, Galaxy Digital's Vice President of Research Christine Kim posted on the X platform: "Latest weekend update on the status of the Ethereum Holesky testnet: Developers held a meeting on Friday to coordinate large-scale penalties and expedite the exit of inactive validators. However, it seems that the number of active validators on the testnet is insufficient, and the developers lack confidence in advancing the plan. Therefore, they decided to give more time over the weekend for more active validators to join Holesky, and to coordinate large-scale penalty actions by Monday at the latest. If you are running a Holesky validator and have not yet attempted to bring it back online, please do so as soon as possible and delete your slashing protection database. Additionally, a reminder that during the Holesky event, another vulnerability affecting Geth and Nethermind clients was reported through the Pectra audit competition. Please note that this vulnerability is unrelated to the issue of incorrect configuration of the deposit contract address."

ChainCatcher news, according to Coinglass data, the total liquidation amount in the cryptocurrency market in the past hour reached 155 million dollars, with long positions liquidated at 36.6293 million dollars and short positions liquidated at 118 million dollars.The liquidation amount for BTC reached 59.7138 million dollars, XRP liquidated 27.096 million dollars, and ETH liquidated 18.0195 million dollars.

ChainCatcher message, according to on-chain analyst @ai_9684xtpa's monitoring, the 88,510 ETH long positions of users who went long 50x on Hyperliquid have all been liquidated for profit, and they are starting to take profits on Bitcoin, with 315 BTC remaining.

ChainCatcher news, according to on-chain analyst @ai_9684xtpa's monitoring, users with 50x leverage long positions on Hyperliquid have liquidated 469.48 BTC long positions and have instead increased their ETH long positions. Currently, the ETH position has exceeded 72,000 coins, approximately 159 million USD, and will be liquidated if the ETH price drops by 43 USD.