#加密市场观察 Crypto Daily(03.13): Bitcoin Oscillates Firmly Around $70,000 Level, Long-Term Quantum Computing Risks Draw Attention

I. Bitcoin Market Dynamics and Price Analysis (Including Institutional Capital and On-Chain Data)
1 Bitcoin oscillates near $70,000 with dense short positions; key support level at $69,000—a break could accelerate further decline; observe for breakdown signals. If the support holds in the short term, there may be rebound opportunities.
2 On-chain data shows retail and small-to-medium holders leading the selling, yet Bitcoin demonstrates resilience relative to traditional assets (US Dollar Index, Treasury yields, oil price rises), holding near the $70,000 level.
3 Bit's February report shows Bitcoin reserves grew 86% from year-start (reaching 36,700 BTC), with platform net inflow of $205.95 million; AI and TradFi trading infrastructure continues expanding.

II. Long-Term Technical Risk for Bitcoin (Quantum Computing Threat)
1 A joint Ark Invest and Unchained report indicates approximately 34.6% of Bitcoin supply faces quantum computing decryption risk, including 5 million BTC from address reuse, 1.7 million from early P2PK addresses, and 200,000 from P2TR address assets.
2 Although quantum computers decrypting elliptic curve cryptography (ECC) is estimated to require years, long-term risks warrant vigilance; the Bitcoin community must research and implement quantum-resistant measures (such as post-quantum cryptography standard upgrades).

III. Overall Sentiment and Capital Flows in the Cryptocurrency Market
1 The market overall remains in "extreme panic," though certain tokens gain traction due to social media attention or institutional activity—e.g., Bitcoin receives focus from the 20 millionth coin mined and institutional accumulation; Dogecoin sparked speculative interest due to Musk's involvement.
2 Stablecoins (such as USDT) see high demand in emerging markets (like India) with monthly trading volume exceeding $1 trillion; despite regulatory pressure, USDT and USDC remain market leaders; XRP-related ETFs saw inflows exceeding $1.4 billion, with Goldman Sachs holding 83 million XRP.
3 Market liquidity is constrained, with capital tending to concentrate on few assets; institutional interest in tokens like XRP increases; exchange data shows some investors moving assets to private key wallets (possibly accumulation behavior).

IV. Short-Term Trading Strategy Analysis for Major and Popular Coins
1 Bitcoin: Oscillates near $70,000 with dense short positions; support at $69,000; a break could accelerate decline; recommend watching for breakdown signals.
2 Ethereum: Oscillates in the $2,020-$2,050 range; small-level M-top structure; support at $1,950; short-term outlook is cautious.
3 AORIS: Aggressive short at current price $0.0592, stop loss $0.065, target $0.045; conservative short $0.065, stop loss $0.07.
4 DEGO: Short at current price $0.98, stop loss $1.03, targets $0.92, $0.88, $0.82.
5 GTC: Break above consolidation zone; target $0.15, recommend scaling in, set stop loss.
6 ACX: Resistance at upper level ($0.06); bearish dominance; low probability of surge post-unlock on 15th; remain watchful.

V. XRP Market Dynamics and Institutional Interest Analysis
1 XRP oscillates in the $1.35-$1.40 range, stabilizing after a prolonged pullback; short-term support at $1.25-$1.45; needs to break resistance at $1.60-$1.70 to reverse trend.
2 Strong institutional interest in XRP-related ETFs with total inflows exceeding $1.4 billion; Goldman Sachs holds 83 million XRP; institutions are beginning to focus on this asset.