After rising 11% from March 16 to March 18, the total market capitalization of login passwords has been battling frictional resistance at $1.2 trillion. That level was achieved on Aug. 14, 2022, and then fell 19.7% to $960 billion the following week. During the period from March 20 to March 27, BTC (BTC) rose 0.3 per cent, while ETH rose slightly by 1.6 per cent.

One basis for the short-term beneficial trend is the shift in monetary policy at the Fed meeting. The Federal Reserve Board (Federal Reserve) was forced to strengthen its balance sheet by $393 billion between March 9 and March 23, lending short-term loans to failing banks. The aim of the plan is to reduce inflation, which has already seriously affected the cost of living, thus limiting the expansion of the US economy.

The decline in the balance sheet is in line with the central bank's previous nine-month sale of some debt instruments, exchange-traded funds (ETF) and mortgage-backed securities. The reversal of this strategy initially focused on risky assets, as the Fed meeting was seen as a central point for desperate banks and financial derivatives.

On the other hand, Coinbase received a Wells notice from the Foreign Securities and Exchange Commission on March 22nd, which increased the regulatory risk of the industry. HKEx's betting plans, some digital currency sales and wallet services will all become the overall goals of regulators. Similarly, variability stems from not knowing that the property is eligible for securities.

The energy of this healthy competition is likely to be an important reason why the cipher currency trading zone is close to $118 million during the period from March 17 to March 27. But derivatives data provide a compelling reason to bounce back to $135 million and retest the $1,000bn threshold.

The total market value of the login password has been maintained for a long time since March 20, with XRP (XRP) up 22% and LTC (LTC) up 17%. XRP's profit is likely to be attributed to investors' expectations that Ripple will win the legal battle with SEC. For Letterkin, analysts pointed out that the company is about to decline in August, when the reward for mining new urban blocks will be diminished.

Stock index futures holders are very confident to increase by 100 million US dollars.

Traders can measure hot sectors by considering more thematic activities by bullish (buying) stock index futures or selling (selling) stock index futures. Generally speaking, bullish stock index futures are used for bullish countermeasures, while bearish stock index futures are used for bearish countermeasures.

The ratio of put to bullish is 0.70, indicating that the unforced closing of bearish stock index futures lags behind a large number of bullish stock index futures. By comparison, the 1.40 index is beneficial to bearish stock index futures, which is a bearish data signal.

Since March 10, the Bitcoin bearish ratio has been either stable or focused on neutral or bullish stock index futures. Although bitcoin prices have risen 41% in the past two weeks, stock index futures holders say they are also less and less worried about price adjustments.

Financial leverage consumption is balanced, although there is friction at $120 million

Permanent contracts, also known as reverse swaps, have a placed annual interest rate, which is usually deducted every eight hours. The trading center uses this expense to prevent discounting risk disorders.

Stable financing rates suggest that duo (customers) need more financial leverage. However, when short (merchants) need a large number of poles, it is easy to reverse the situation, causing the financing interest rate to become negative.

In the past week, seven-day financing rates for most key digital currencies have been neutral, suggesting that too much buying leverage has not been used as a support price. This will translate into a double-headed firepower point (if necessary) and significantly reduce settlement risk.

The only exception is BNB (BNB), where short sellers pay 1.25% a week to maintain a trading position. The regulatory variability that surrounds the Binance exchange is likely to be the underlying reason for dolphins' enthusiasm for being bearish on BNB.

From the perspective of derivatives, recent increases may be sustainable, with double heads in a beneficial influence that can withstand future declines. However, since the mysterious price rise is likely to be driven by the emergency action taken by the Federal Reserve meeting to prevent the plight of commercial banks, it is more likely that prices will rise and fall further.

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