March 29th Cryptocurrency Market News: MicroStrategy's founder gives a bullish signal, analysts focus on Saudi production cuts, High points out that Bitcoin may have already bottomed. U.S. stocks may be approaching a short-term bottom, Canada plans to ban cryptocurrency political donations. The market needs to reset in order to start a new bull market.

Due to multiple bearish factors, the semiconductor sector is under pressure, with stock prices of Nvidia and Micron Technology declining. The on-chain whale "Continue Capital" has incurred a loss of $1.45 million, holding $14 million in long positions, with significant unrealized losses.

On March 26th, Hyperinsight detected that the largest S&P 500 bull (0xebe) completed a 15x leveraged long position in S&P 500, with a position size of $29.9 million and an unrealized loss of $110,000. The account also holds $10 million in short positions on WTIOIL and BRENTOIL, seemingly betting that U.S.-Iran negotiations will yield positive progress and boost stock market recovery.

Digital asset platform Gate will jointly host a special exhibition "Racing the Future" with the F1 Red Bull Racing Team at Victoria Harbour in Hong Kong from April 18-24. The exhibition covers 238 square meters and showcases the Red Bull Racing Team's 2026 new race car and immersive interactive experiences, open to the public.

Bitcoin price fluctuates at $70,700, with a monthly gain of approximately 10%. Both retail investors and whales are simultaneously accumulating Bitcoin, with capital inflows surging, yet this may bring selling pressure. The derivatives market shows bullish sentiment, but spot selling pressure could trigger forced liquidations. The key technical support level is at $70,700, and market dynamics require close monitoring.

Under geopolitical risks and macroeconomic pressures, Bitcoin's price has broken below $68,000. Anthony Scaramucci, founder of SkyBridge Capital, believes this represents a typical cyclical pullback and anticipates Bitcoin may rally again in 2026. Despite short-term market risks, long-term bullish sentiment remains solid.

Skybridge Capital founder Anthony Scaramucci stated that Bitcoin's current bear market can be explained by the four-year cycle theory, with long-term holders concentrating their selling around $100,000. He predicts that Bitcoin will rebound in the fourth quarter of 2026, marking the start of a new bull market cycle. While institutional investor inflows and ETF capital flows have suppressed the four-year cycle, they have not completely eliminated its pattern.

Gate News report: On March 21, according to Arkham monitoring, Ethereum OG address thomasg.eth is re-entering the market. The address previously held approximately $538 million worth of ETH, WBTC, and DAI at the 2021 bull market peak. Latest data shows that the address accumulated purchases of approximately $19.5 million worth of ETH this week, with the latest single purchase amounting to approximately $3 million.

On-chain data shows that an institutional-associated address "ETH Wave Master" has an unrealized loss of $520,000 on its ETH long position, with an average entry price of $2,148 and a position size of approximately $150 million. The whale previously added to its position at higher levels and also holds a 20x leveraged BTC long position with an unrealized gain of $1.3 million.

On March 19th, spot gold prices fell 2%, briefly breaking through $4,750/oz, triggering large-scale liquidations on-chain. Among these, whale address 0x21e was liquidated 318 gold coin tokens worth approximately $1.53 million. The second-largest gold bull address 0x773 faces liquidation risk with current floating losses of $420,000.