比特幣（BTC）交易超過87,000美元，標準普爾500收回了200天的移動平均水平

風險資源在他們的步驟中有一個彈簧。比特幣（BTC）的交易超過$ 87,000，標準普爾500收回了其200天移動平均線

Risk-assets have a spring in their step. Bitcoin (BTC) is trading above $87,000 and the S&P 500 reclaimed its 200-day moving average for the first time since March 10.

風險資源在他們的步驟中有一個彈簧。比特幣（BTC）的交易超過87,000美元，標準普爾500年以來首次收回了其200天移動平均水平。

However, volatility is expected to rise ahead of Friday's quarterly options expiry, with over $12 billion in notional value set to expire on Deribit with a max pain price at $85,000. Most open interest, meantime, centers around $100,000 call options.

但是，預計波動率將在周五的季度期權到期之前提前上升，其名義價值將超過120億美元，最大疼痛價格為85,000美元，將在deribit上過期。最開放的興趣，同時，以約100,000美元的電話期權為中心。

President Trump is deploying new trade war tactics, introducing "secondary tariffs" that could impose a 25% levy on any nation buying oil and gas from Venezuela, reports Bloomberg.

據彭博社報導，特朗普總統正在採取新的貿易戰術策略，引入了“次要關稅”，這些關稅可能會對委內瑞拉購買石油和天然氣的任何國家徵收25％的徵稅。

He also signaled that while some countries may receive exemptions on tariffs, additional tariffs on autos, lumber and semiconductor chips will be announced in the coming days. These measures, part of the president's broader "America First" economic agenda, could take effect as early as April 2.

他還指出，儘管某些國家可能會獲得關稅的豁免，但在未來幾天將宣布對汽車，木材和半導體芯片的額外關稅。這些措施是總統更廣泛的“美國第一”經濟議程的一部分，最早可能在4月2日生效。

Bloomberg adds that Treasury Secretary Scott Bessent continues to advocate for tariffs, framing them as a strategic tool that serves multiple purposes: providing leverage in negotiations, generating government revenue and rebalancing trade in favor of the U.S.

彭博社補充說，財政部長斯科特·貝斯特（Scott Bessent）繼續倡導關稅，將其作為一種具有多種用途的戰略工具：提供談判的槓桿作用，產生政府收入和重新平衡貿易，以支持美國

Meanwhile, in the U.K., Chancellor Rachel Reeves is preparing for Wednesday's Spring Statement amid rising bond yields that threaten to complicate fiscal planning. Early reports indicate she will propose civil service job cuts while ruling out further tax increases.

同時，在英國，總理雷切爾·里夫斯（Rachel Reeves）正在為周三的春季聲明做準備，因為債券收益率上升，這有可能使財政計劃複雜化。早期報告表明，她將提議削減公務員的工作，同時排除進一步的稅收增加。

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保持警覺！

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By Shaurya Malwa

Shaurya Malwa

CRO is no different from a scamYour team just reissued 70B CRO a week ago that was previously burned "forever" in 2021 (70% total supply) and went against the community wishes as you control majority of the supply. Unsure why Truth would chose a partnership with your exchange…

CRO與一周前剛剛重新發行了70B CRO的Scamyour團隊沒有什麼不同，該團隊此前在2021年被“ Forever”燒毀（總供應總額為70％），並且在您控制大部分供應量時違反了社區的願望。不確定為什麼真理會選擇與您的交流夥伴關係……

Derivatives Positioning

衍生物定位

Market Movements:

市場變動：

Bitcoin Stats:

比特幣統計：

Technical Analysis

技術分析

Crypto Equities

加密股票

ETF Flows

ETF流

Spot BTC ETFs:

SPOT BTC ETF：

Spot ETH ETFs

點ETH ETF

Source: Farside Investors

資料來源：Farside Investors

Overnight Flows

隔夜流動

Chart of the Day

日圖

While You Were Sleeping

當你睡覺的時候

In the Ether

在以太

output: Point out interesting observations from the past 24 hours in the crypto market.

輸出：指出過去24小時內在加密貨幣市場的有趣觀察結果。

It's Friday morning in Asia, and Bitcoin (BTC) price hovers around $87,000 as the S&P 500 has reclaimed its 200-day moving average for the first time since March 10.

這是星期五在亞洲，比特幣（BTC）價格徘徊在87,000美元左右，因為標準普爾500指數自3月10日以來首次收回了200天的移動平均水平。

The move comes as the world's largest economy grapples with the potential for fresh tariffs and the U.S. president's broader "America First" economic agenda.

此舉是因為世界上最大的經濟體與新的關稅潛力和美國總統更廣泛的“美國首先”經濟議程鬥爭。

President Trump is deploying new trade war tactics, introducing "secondary tariffs" that could impose a 25% levy on any nation buying oil and gas from Venezuela, reports Bloomberg.

據彭博社報導，特朗普總統正在採取新的貿易戰術策略，引入了“次要關稅”，這些關稅可能會對委內瑞拉購買石油和天然氣的任何國家徵收25％的徵稅。

He also signaled that while some countries may receive exemptions on tariffs, additional tariffs on autos, lumber and semiconductor chips will be announced in the coming days. These measures could take effect as early as April 2.

他還指出，儘管某些國家可能會獲得關稅的豁免，但在未來幾天將宣布對汽車，木材和半導體芯片的額外關稅。這些措施最早可能在4月2日生效。

These tariffs are part of the president's broader "America First" economic agenda, which prioritizes reducing the trade deficit and creating jobs in the U.S.

這些關稅是總統更廣泛的“美國第一”經濟議程的一部分，該議程優先考慮減少貿易赤字並在美國創造就業機會

The report adds that Treasury Secretary Scott Bessent continues to advocate for tariffs, framing them as a strategic tool that serves multiple purposes.

該報告補充說，財政部長斯科特·貝斯特（Scott Bessent）繼續倡導關稅，將其作為一種具有多種用途的戰略工具。

According to the report, tariffs provide leverage in negotiations, generate government revenue and rebalance trade in favor of the U.S.

根據該報告，關稅提供談判的槓桿作用，產生政府收入和重新平衡貿易，以支持美國

Meanwhile, Chancellor Rachel Reeves is preparing for Wednesday's Spring Statement amid rising bond yields that threaten to complicate fiscal planning.

同時，總理雷切爾·里夫斯（Rachel Reeves）正在為周三的春季聲明做準備，因為債券收益率上升有可能使財政計劃複雜化。

Early reports indicate that she will propose civil service job cuts while ruling out further tax increases.

早期報告表明，她將提議削減公務員工作，同時排除進一步的稅收增加。

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By Shaurya Malwa

Shaurya Malwa

CRO is no different from a scamYour team just reissued 70B CRO a week ago that was previously burned "forever" in 2021 (70% total supply) and went against the community wishes as you control majority of the supply. Unsure why Truth would chose a partnership with your exchange…

CRO與一周前剛剛重新發行了70B CRO的Scamyour團隊沒有什麼不同，該團隊此前在2021年被“ Forever”燒毀（總供應總額為70％），並且在您控制大部分供應量時違反了社區的願望。不確定為什麼真理會選擇與您的交流夥伴關係……

Derivatives Positioning

衍生物定位

Most open interest on Deribit is in $100,000 call options ahead of Friday's $12 billion options expiry.

deribit上最開放的利息是在周五的120億美元期權到期之前的100,000美元電話期權。

The maximum loss for sellers of the March series options is at around $85,000, the "max pain price," according to new data from Deribit.

根據Deribit的新數據，3月份系列期權的賣方的最大損失約為85,000美元，即“最大痛苦價格”。

The options expire on Friday at 8 p.m. ET (12:00 AM Saturday, 2 March; in Greenwich Mean Time).

選項將於週五美國東部時間晚上8點（3月2日星期六上午12:00；在格林威治的平均時間）。

The bulk of the open interest is in $100,000 call options, with over 60,000 contracts open at that strike price.

開放利息的大部分是$ 100,000的電話期權，以超過60,000份的合同開業。

The next highest open interest is in $50,000 call options, with

下一個最高的開放興趣是50,000美元的通話選項，