Bitcoin's upward momentum weakened after touching $75,000, with market concerns about a near-term peak. Despite continued institutional accumulation pushing total open interest to $58 billion, prices face pressure from macro uncertainty. Bitcoin ETF inflows exceeding $1.5 billion support the price. Market focus remains on the Federal Reserve meeting and geopolitical situation, which may impact near-term trends.

Gate News report: On March 17, according to sources within Tencent, Tencent's QClaw will launch a public beta in the near future, and a new version will be released on March 18.

On March 17, XRP's price surged to $1.53, up 11% for the week, reclaiming the fourth position by market cap with a total market capitalization of approximately $93.4 billion. Trading volume and derivatives market activity are robust, with open interest reaching 3.53 billion contracts, reflecting increased market participation but also heightened volatility risks. Key near-term observation lies in the $1.50 to $1.60 range, with price performance set to influence subsequent trends.

A certain crypto financial institution increased its ETH long position by 6,000 ETH when the price pulled back near $2,300, bringing the total position value to $82.95 million with floating profits of approximately $9.4 million, yielding a return rate of 169%. The institution is the largest ETH bull on-chain, with affiliated addresses also holding substantial amounts of ETH.

On March 16th, Bitcoin's price rose to $75,300, demonstrating resilience amid heightened global macroeconomic uncertainty. At this time, the market is reassessing asset allocation and discussing Bitcoin's potential as a safe-haven asset. Upcoming U.S. economic data releases will influence its near-term trajectory, with institutional perspectives indicating that Bitcoin may benefit from geopolitical risks.

Gate News reported that on March 17, "Fed whisperer" Nick Timiraos stated that the Federal Reserve may be more inclined to remain silent this week, but market expectations are forcing the Fed to outline its policy path. Two former Fed chairs told him they hope to avoid making predictions about rate cuts in the near term. Whether current Fed officials will adopt the same approach has become the core focus of this meeting. Hawks and doves may stick to their respective policy positions by pointing to the same economic shock.

The Chicago Board Options Exchange (CBOE) has submitted a proposal to extend trading hours on EDGX for stocks and options, with trading running from 9 p.m. Sunday through 8 p.m. Friday, with a one-hour pause from 8 p.m. to 9 p.m. Monday through Thursday. CBOE stated that this initiative is in response to market demand for extended trading hours.

At the DC Blockchain Summit in Washington, the crypto and banking industries reached a consensus on stablecoin yield regulation, favoring a ban on idle balance yields while allowing transaction-based rewards. Senators Thom Tillis and Angela Alsobrooks were key drivers, and if an agreement is reached, it would accelerate resolution of DeFi and token classification disputes.

Gate News reported on March 16 that blockchain data analytics firm Glassnode stated on social media that the Bitcoin options market has a significant concentration of negative gamma positions around the $75,000 strike price. Data shows that market makers are widely holding structural call option short positions at this price level. Glassnode noted that when Bitcoin spot price approaches this region, hedging operations by market makers could intensify, potentially amplifying upward price volatility.

According to crypto analyst Murphy's analysis, the GEX data expiring on March 20 shows approximately $180 million in Long Gamma structure near $74,000, which suppresses price volatility. Therefore, BTC price will oscillate around that level. After the expiration date, changes in the options structure suggest market bets on BTC rallying toward $75,000, with resistance near $80,000, while support is found in the $65,000-$67,000 range.