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Crypto Market
|
Crypto |
BTC |
ETH |
|
Weekly High |
$ 71,683 |
$ 2,186 |
|
Weekly Low |
$ 65,604 |
$ 1,973 |
BTC and ETH Market Insight
As the Iran war entered its fifth week, the market gradually shifted from short-term extreme fear to concerns about mid-term inflation caused by the shortage of crude oil and other energy sources. Federal Reserve's dovish officials collectively shifted their stance, leading to a consensus that Fed will hold the interest rates in April.
Bitcoin ranged between 65k and 72k last week, mainly driven by derivatives and leverage, keeping spot price action fragile. Following a large-scale liquidation of contracts on March 23rd, BTC price rose by nearly 4.5%. However, as $14 billion options expired, BTC briefly dropped to 65k on Friday. After experiencing the largest options settlement of the year, the market overall trended towards conservatism, with an increase in hedging and risk aversion. Data also showed a net outflow of $296 million from Bitcoin ETFs last week, indicating a prevailing negative sentiment in the market.
Options Market
Over the past week ending March 28, 2026, BTC and ETH options markets navigated post-expiry volatility around a massive $14–15 billion Deribit quarterly settlement on March 27, which wiped ~40% of total open interest with a defensive tilt. Prices initially rebounded on de-escalation headlines but gave back gains amid the expiry, with BTC testing $72k before settling around $66k and ETH testing $2.2k before hovering near $2k. Implied volatility stabilised after an early spike, trading roughly in line with realized volatility (BTC main-term/1W ATM ~51–52% vs RV ~45%; ETH ~72% vs RV ~57%), reflecting continued cautious expectations. Skew retained a bearish tilt, more pronounced for BTC than ETH, signaling heightened downside protection demand. ETF netflows flipped negative for BTC for the week and continued outflows for ETH (4k BTC outflows and 97k ETH outflows).
Altcoins and Blockchain News
- According to Ark Invest Tracker, after sharply reducing exposure to tech stocks and crypto ETFs on Thursday, Ark Invest continued heavy selling of tech names such as NVIDIA on Friday.
- The World Foundation posted on X that its subsidiary, World Assets, Ltd., completed OTC sales totaling $65 million with four counterparties over the past week, at an average sale price of approximately $0.2719 per token.
- Lido’s ecosystem operations team published a proposal on the community forum seeking authorization for the Lido Growth Committee to use up to 10,000 stETH from the treasury to purchase LDO.
- Tether has selected KPMG to conduct a full audit of its $185 billion USDT stablecoin reserves, and has engaged PwC to help prepare its internal systems for the audit.
- Felix, an RWA DeFi protocol in the Hyperliquid ecosystem, has launched tokenized stock and ETF spot trading. The protocol partnered with Ondo Finance to build the spot infrastructure and has listed more than 250 assets.
- AI game creation platform Verse8 raised $5 million in a seed round, with participation from Story Foundation, NEXPACE (Nexon’s Web3 unit), Neowiz, MARBLEX (Netmarble’s Web3 unit), Solarium Labs, and NEXUS, among others.
- Singapore-based Web3 infrastructure company Startale Labs announced a $63 million Series A round led by Sony Innovation Fund, with participation from Samsung Next, UOB Venture Management, SBI Holdings, and other major Asian strategic and financial investors.
- Hypertracker data shows the number of active perpetual trading addresses on Hyperliquid hit an all-time high at 241,419.
Macro
The major indices finished the week lower, mostly driven by the increasing geopolitical strikes and uncertainty against the oil market: the DJIA shed 0.9%, the S&P 500 dropped 2.1%, and the Nasdaq fell 3.2%. The Chinese stock market also closed lower for a second consecutive week: the Shanghai Composite Index lost 1.09%, the CSI 300 fell 1.41%, and the Hang Seng index retreated 1.29%.
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Weekly Market Update - 30 Mar 2026
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