PANews February 24 Report: According to Wintermute’s market update, the current macro environment is experiencing a dual-driven restructuring of de-globalization and artificial intelligence, leading the market into a slow adjustment phase with difficult trading. Bitcoin is consolidating between $64,000 and $67,000, repeatedly failing to hold above $70,000, with weak rebounds reflecting a lack of market confidence. Ethereum has fallen below the $1,900 psychological level, with the next key support at $1,600. The report points out that the Federal Reserve is no longer the sole dominant force in the market. Ongoing structural tariffs, real-time disruptions caused by AI across industries, slowing growth, and sticky inflation all weaken the effectiveness of monetary policy tools. The market is simultaneously pricing in two major structural themes: AI valuation re-evaluation—software moat reassessed, growth multiples compressed, hardware capital expenditure questioned; de-globalization—supply chain fragmentation, rising input costs, and geopolitical settlement risks becoming permanent features of asset allocation. These two factors jointly impact the valuation premiums of globally integrated, software-leverage growth companies.
Funds are shifting from growth stocks to value sectors, with gold, commodities, industrials, and defense outperforming technology. The derivatives market shows a lack of directional demand, with funding rates at multi-month lows, put option premiums rising steadily, and open interest decreasing since October. Institutional demand has not returned after Bitcoin’s price stabilization; trading desks are mainly selling. The brief signal of high-net-worth clients selectively buying some altcoins during the week quickly faded, and the market remains defensive, unprepared to reward early positions. The report believes that current narratives are consolidating into a macro systemic shift, with crypto assets being sold as the highest-beta growth assets. The sustainability of this shift will be the most critical issue for the crypto market in 2026.
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
Quantum Risk with Bitcoin: Real Threat but Not Yet Comprehensive
The risk from quantum computing to Bitcoin investors is real, but not every wallet is vulnerable — and those with the capacity to address this issue are taking proactive steps, according to Galaxy Digital analyst Will Owens.
Owens believes that in theory, quantum computers could potentially break the cryptographic security that underpins Bitcoin.
TapChiBitcoin14m ago
Crypto ETFs Struggle Again: Bitcoin Loses $90 Million, Ether $136 Million
Crypto ETFs remained under pressure on Thursday, with bitcoin and ether posting another round of outflows. Solana offered a rare bright spot, while XRP activity stayed flat.
Solana Bucks Trend as Bitcoin, Ether ETFs See Fresh Outflows
The mood around crypto ETFs remains cautious. Another day, a
Coinpedia2h ago
BTC rises 0.52% in 15 minutes: Major capital net inflows to exchanges and multiple market resonance driving the move
2026-03-20 21:15 to 21:30 (UTC), BTC recorded +0.52% return in 15 minutes, with a price range of 70124.0 to 70586.6 USDT, and amplitude of 0.66%. This round of volatility occurred against a backdrop of increased market attention and heightened fluctuations, with both on-chain and market participants showing highly active behavior.
The main driver of this volatility was whale funds (entities holding >=1,000 BTC) making a net inflow of 4,091.39 BTC to exchanges within 24 hours, data significantly exceeding the average for the same period. Concentrated net inflows
GateNews3h ago
Bitcoin Has Stabilized, But Investors Are Paying Up for Downside Protection: VanEck
Bitcoin's volatility has decreased to around $70,000, but traders are still heavily investing in downside protection. Although premiums for puts have dropped, they remain high historically, suggesting caution among investors. This defensiveness may signal an impending price bottom, as similar market conditions in the past have led to recoveries.
Decrypt4h ago
