March 27, Crypto Sharing:

$BTC Influenced by geopolitical risk premium, prices have retreated to $68,000, mainly short-term fluctuations.

This afternoon at 3 PM, the crypto market will see the expiration of March options. BTC options with a total value exceeding $14 billion are expiring (accounting for nearly 40% of Deribit's open interest).
Currently, the maximum pain price range for BTC is around 74,000, and for ETH, the highest price range is 2,300.

The three major US stock indices closed lower under pressure, with the S&P 500 and Nasdaq recording their largest single-day declines since the US-Israel conflict on February 28. The Dow fell 1%, the S&P 500 dropped 1.7%, and the Nasdaq Composite declined 2.38%. Tesla (TSLA.O) fell over 3%, Nvidia dropped 4%.

Today’s hot topics:
1️⃣ SpaceX IPO is expected to raise between $40 billion and $80 billion. SpaceX is considering offering preferential treatment to investors from Musk’s other companies during the stock offering. Meanwhile, the SpaceX IPO is rewriting Wall Street conventions: retail investor quotas are planned to reach three times the usual, with an investor meeting to be held after Easter.

2️⃣ $STG Small-cap DeFi stocks surged 20% due to options expiration and capital rotation, igniting DeFi narratives; cross-chain projects like LayerZero are also gaining momentum. Advantages/future outlook: RWA + DeFi integration is one of the main themes for 2026, with short-term sentiment driven clearly.

3️⃣ $TON Slight increase driven by the Telegram ecosystem and Mini App explosion, with a large user base and recent news of integrations boosting popularity.

【Risk Reminder】Today’s cryptocurrency greed index: 13 (Extreme Fear). Dyor (Do Your Own Research) is always the first principle. Investing involves risks; please participate cautiously!