OSL Trading Hours: Analysts’ views diverge, prepare for further market volatility

1. Market observation

Keywords: Trump, ETH, BTC

Recently, Bitcoin's market performance has been significantly affected by the words and deeds of former US President Donald Trump and developments in regions such as South Korea and China. Market volatility has become the norm, with the $1.4 billion Bybit default and recent bearish trends causing Bitcoin's value to fluctuate significantly.

Still, market analysts believe Bitcoin may have formed a strong low, indicating upside potential in future trading volatility. South Korea is inching closer to a decision on a Bitcoin ETF, taking a page from Japan’s positive stance on digital assets. Meanwhile, China’s decision to increase its money supply to address economic challenges and trade tensions with the United States could catalyze Bitcoin’s gains.

Another positive factor for Bitcoin is that it was used to secure the election results of the local Republican convention, highlighting its diverse application value. In addition, one trader predicted that Bitcoin will enter a bear market phase, which could lead to a sharp drop and push the price of Bitcoin to the $73,000 mark.

In contrast to Bitcoin, Ethereum’s price appears to be under pressure, showing signs of decline, signaling a possible end to its bullish trend. Ethereum’s ambitious upgrade Project Petra continues to move forward despite apparent errors on the main testnet.

In the DeFi space, Solana tokens are considered undervalued compared to Ethereum, showing future growth potential. In addition, Skate launched the first automated market maker protocol that supports cross-chain virtual machines, further enriching market options.

Despite the potential bullish opportunities, Bitcoin continues to grapple with the negative impact of darknet links, and sentiment fragility has further weighed on its performance. Therefore, market participants must anticipate further volatility that may be in the future.

2. Key data (as of 09:30 HKT on March 7)

S&P 500: 5,738.52 (-2.43% year-to-date)
Nasdaq: 18,069.26 (-5.31% year-to-date)
10-year Treasury yield: 4.276% (-30.00 basis points year-to-date)
US dollar index: 104.14 (-4.01% year-to-date)
Bitcoin: $89,919 (-3.74% year-to-date), with a daily spot volume of $43.89 billion
Ethereum: $2,205.15 (-34.07% year-to-date), with a daily spot volume of $19.99 billion3.

3. ETF flows (as of March 5 EST)

Bitcoin ETF: -$38.3 million
Ethereum ETF: -$63.32 million

4. Important Dates (Hong Kong Time)

FOMC permanent voting member, New York Fed President Williams and Fed Governor Bowman participated in the panel discussion of the U.S. Monetary Policy Forum organized by the University of Chicago Booth School of Business (March 7, 23:45)

Federal Reserve Chairman Powell speaks before the 2025 U.S. Monetary Policy Forum luncheon at the University of Chicago Booth School of Business (March 7)

U.S. unemployment rate in February (March 7, 21:30)

Actual: None / Previous: 4% / Expected: 4%

U.S. February seasonally adjusted non-farm payrolls (10,000 people) (March 7, 21:30)

Actual: None / Previous: 14.3 / Expected: 15.3

US President Trump hosts cryptocurrency summit at the White House (March 8, 2:30 am)

North America has begun to implement daylight saving time. The trading hours of financial markets and the release of economic data in the United States and Canada will be one hour earlier than winter time. (March 9, 14:00)