BlockBeats News, February 24 — Wintermute released a market report on social media stating that since the chain liquidations two weeks ago, BTC has repeatedly attempted to break above $70,000 but has failed. There have been no significant rebound attempts, and this fact is more convincing than the range-bound movement itself. Price action remains volatile, liquidity is thin, the range is narrowing, and there is a lack of directional conviction. ETH fell below $1,900 this week, a level that is more psychologically significant than technically; the level ETH really needs to watch is around $1,600.
Although prices have stabilized, institutional demand does not seem to have returned, as clearly seen in the previous price range of $85,000 to $95,000. The derivatives market reflects a lack of directional views and trading willingness, with basis at multi-month lows, high and rising put skew, and open interest continuously declining since October.
In terms of trading desks, capital flows are skewed toward selling activity. However, an interesting signal appeared mid-week: high-net-worth investors briefly showed interest in buying some altcoins. In an overall defensive environment, this was a small but noteworthy spark of confidence, though it quickly dissipated. As the week progressed, the market fell back into volatility, and any willingness to enter the market disappeared, indicating that the market is not yet ready to reward early positions. Marginal activity remains driven by protection rather than conviction.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitmine increased its holdings by 60,999 ETH and追加 an additional $80 million investment in Eightco
Bitmine announced on March 16 that its crypto assets and "moon mission" reached a total value of $11.5 billion. The company holds substantial amounts of ETH and BTC, and has increased its investment in Eightco Holdings. Bitmine also purchased 5,000 ETH from the Ethereum Foundation to support operations and accelerate its ETH acquisition pace.
GateNews8m ago
Ethereum surpasses $2,300, currently trading at $2,301
Gate News: On March 16, according to market data, Ethereum has broken through the key price level of $2300, now trading at $2301.
GateNews12m ago
ETH 15-minute gain of 0.82%: On-chain fund net inflow and whale accumulation drive price movement
2026-03-16 12:15 to 12:30 (UTC), ETH price range was 2277.16 to 2303.11 USDT, with a return rate of +0.82% and volatility of 1.14%. Short-term fluctuations attracted market attention, on-chain activity increased significantly, and the price movement intensified trader participation enthusiasm.
The main drivers of this price movement are on-chain net capital inflows and whale accumulation. Within the 15-minute window, ETH on-chain trading volume increased approximately 27% compared to the previous hourly average, with net capital inflows reaching $46 million, primarily sourced from two major DeFi protocols.
GateNews14m ago
ETH/BTC exchange rate breaks through 0.031, 24-hour gain of 5.21%
Gate News reports that on March 16, market data showed ETH/BTC exchange rate rebounded and broke through 0.031, currently trading at 0.03105, with a 24-hour gain of 5.21%.
GateNews14m ago
ETH Breaks Through 2300 USDT
Gate News bot message: Gate market display shows ETH breaking through 2300 USDT, current price 2300.8 USDT.
CryptoRadar16m ago
BTC and ETH Reclaim Top Spots in Trending Cryptocurrencies List
BTC and ETH lead the trending cryptocurrency rankings, while SOL, XRP, and PEPE follow. Their prices remain volatile amid changes in gold and silver values, geopolitical tensions, and impending inflation data influencing investor behavior.
TheNewsCrypto36m ago
