Analysis: Mixed bullish and bearish signals in the crypto market, recommended to maintain light positions and wait for a clear trend

PANews March 9th news, according to the latest weekly report from 10x Research, the crypto market is entering a phase of mixed signals and fragile momentum. Although bitcoin ETF inflows have rebounded and stablecoin minting remains strong, traders are shifting to a defensive stance as funding rates plummet and downside hedging increases. At the same time, trading volume is extremely sluggish, and without a major liquidity catalyst, the sustainability of any rebound remains in doubt.

The report points out that bitcoin's first attempt to break through the $70,000 mark failed. As of press time, the total crypto market capitalization is $2.29 trillion, with a weekly trading volume of $109 billion. Bitcoin's weekly trading volume is $48.9 billion, and Ethereum's is $22.9 billion. Ethereum network fees are at extremely low levels, indicating low network usage. This week's key focuses include CPI data, a $4.7 billion altcoin unlock week, and changes in geopolitical risk.