On March 11, Bitcoin price dropped over 2% due to market cautiousness. Economists expect US CPI data to be slightly higher than last month, although this data does not reflect the impact of rising oil prices, and Bitcoin's short-term response may remain stable. Tensions in the Middle East could lead to increased safe-haven demand. The market should pay attention to changes in key support and resistance levels to prepare for potential volatility.

On March 11th, the decentralized lending protocol Aave experienced a large-scale liquidation event due to a misconfiguration of the price oracle. Approximately 34 accounts were liquidated, involving $26 million. The issue stemmed from desynchronized CAPO mechanism settings, which caused a brief misjudgment of the wstETH price. Although some users were affected, the Aave protocol remained financially unaffected and will initiate a compensation mechanism. Following the incident, the market reaction was stable, and the AAVE price increased.

Although Solana (SOL) has recently maintained stable prices, approximately 30 institutional investors collectively hold around $540 million in Solana ETF positions, indicating interest in long-term investment. Currently, SOL is fluctuating around $80 to $90, with $80 being a key support level. A break below could signal a drop below $64. Analysts believe that institutional capital inflows will influence SOL's future performance.

Ripple plans to apply for a financial services license in Australia through the acquisition of BC Payments to expand its cross-border payment business. Fiona Murray stated that the Australian market is important, and obtaining the license will enhance business capabilities. Ripple already holds 75 licenses worldwide and predicts that the Asia-Pacific payment transaction volume will double. Meanwhile, retail investors dominate the demand in the XRP market, ETF asset management scale remains stable, and institutional investors participate less, forming a "dual-track development" pattern between institutions and retail investors.

Ethereum founder Vitalik Buterin stated on X that the in-depth funding mechanism of Gitcoin Grants is still operational and suggested continuing to improve it, especially to meet the demands of chaotic times. He believes that this mechanism has the advantages of the selection principle and artificial intelligence but still exhibits features of a "stable era," requiring further adjustments to adapt to future changes.

According to Hyperinsight monitoring, the giant whale address neoyokio.eth's 4x leveraged ASTER long position is maintaining a floating profit of $1.6 million, with a position size of $18 million, making it the largest long position on Hyperliquid. The account has not adjusted its position for 20 consecutive days, and the long position's floating profit remains stable.

The on-chain financial market platform Theo launches gold-backed interest-bearing stablecoin thUSD and establishes a $100 million pre-deposit pool, which has currently reached 89%. Users can deposit USDC or thBILL on Ethereum, Arbitrum, and Stable Chain. The activity lasts for 6 weeks, with an expected annualized return of approximately 8.3%.

Deutsche Bank's Head of Research Jim Reid pointed out that the current global energy market trend is similar to that before the second oil crisis in the 1970s, especially in the 4-5 years following the inflation surge. However, the key difference between the two is that the high inflation expectations in the 1970s led central banks to adopt aggressive monetary tightening, whereas today's long-term inflation expectations remain stable.

Despite the rise in oil prices to $100 per barrel due to the US-Israel-Iran conflict, Bitcoin remains stable around $67,000, which is related to its close correlation with the US stock market. The US has low dependence on Middle Eastern oil, and the stock market's resilient performance has accordingly supported Bitcoin's price stability.

The Middle East geopolitical conflict has led to a rise in international oil prices, while Bitcoin prices remain relatively stable, staying around $67,000. The US stock market has shown resilience, with increased correlation to Bitcoin, while Asian markets are more affected. As institutional funds enter the crypto market, Bitcoin is increasingly viewed as a risk asset. Additionally, although the US has a high level of energy independence, rising oil prices may still impact inflation through consumer spending.