Crypto Daily (2026.03.25)

One sentence setting the tone: The big coin remains steadfast at 70,000, capital is flowing back; but regulatory headwinds strike suddenly, putting the stablecoin yield model in jeopardy.

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📊 Market Overview

• BTC: $70,879 (-1.09%) | ETH: $2,145 (-0.12%)

• Fear Index: 37 (Fear) | 24-hour Liquidations: $716 million (Long positions account for 68% )

🚨 Headline: Will the "Interest" on Stablecoins Fade Away?

The US Senate is drafting the Clarity Act, which aims to prohibit platforms from paying "deposit-like interest" to stablecoin holders. The market is immediately spooked:

• Circle (CRCL): Stock price plunges over 20%.

• Coinbase (COIN): Stock drops 9.7%.

💰 Capital Flows

• BTC ETF: The three-day outflow streak ends, with a net inflow of $167 million yesterday. BlackRock (IBIT) leads, with an inflow of $161 million.

• ETH ETF: Four consecutive days of net outflows, with BlackRock (ETHA) outflowing $15.68 million.

🧭 Technical Analysis

• BTC: Bottoming between 70,500 and 71,500. The 71,000 level is a support/resistance flip zone; holding above 70,000 is crucial, a break below could see a move toward 69,000.

• ETH: Forming a triangle between 2,100 and 2,200. The key level is 2,120; breaking it could lead to support at 2,000.

🌍 Macro Outlook

• Hawkish signals: US Treasury yields rebound, the dollar strengthens, and risk assets come under pressure.

• Hong Kong positive news: The first batch of stablecoin licenses has been issued, with HSBC and Standard Chartered approved.

💡 Strategy Tips

Don’t be fooled by low-volume rebounds; buying pressure is clearly insufficient. Watch more, act less, keep leverage moderate, and closely monitor the 70,000 support line. #创作者冲榜 $BTC ‌$GT ‌$ETH ‌