比特币（BTC）交易超过87,000美元，标准普尔500收回了200天的移动平均水平

风险资源在他们的步骤中有一个弹簧。比特币（BTC）的交易超过$ 87,000，标准普尔500收回了其200天移动平均线

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.

风险资源在他们的步骤中有一个弹簧。比特币（BTC）的交易超过87,000美元，标准普尔500年以来首次收回了其200天移动平均水平。

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，预计波动率将在周五的季度期权到期之前提前上升，其名义价值将超过120亿美元，最大疼痛价格为85,000美元，将在deribit上过期。最开放的兴趣，同时，以约100,000美元的电话期权为中心。

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.

据彭博社报道，特朗普总统正在采取新的贸易战术策略，引入了“次要关税”，这些关税可能会对委内瑞拉购买石油和天然气的任何国家征收25％的征税。

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.

他还指出，尽管某些国家可能会获得关税的豁免，但在未来几天将宣布对汽车，木材和半导体芯片的额外关税。这些措施是总统更广泛的“美国第一”经济议程的一部分，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.

彭博社补充说，财政部长斯科特·贝斯特（Scott Bessent）继续倡导关税，将其作为一种具有多种用途的战略工具：提供谈判的杠杆作用，产生政府收入和重新平衡贸易，以支持美国

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.

同时，在英国，总理雷切尔·里夫斯（Rachel Reeves）正在为周三的春季声明做准备，因为债券收益率上升，这有可能使财政计划复杂化。早期报告表明，她将提议削减公务员的工作，同时排除进一步的税收增加。

Stay Alert!

保持警觉！

Token Events

令牌事件

Conferences

会议

Token Talk

代币谈话

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与一周前刚刚重新发行了70B CRO的Scamyour团队没有什么不同，该团队此前在2021年被“ Forever”烧毁（总供应总额为70％），并且在您控制大部分供应量时违反了社区的愿望。不确定为什么真理会选择与您的交流伙伴关系……

Derivatives Positioning

衍生物定位

Market Movements:

市场变动：

Bitcoin Stats:

比特币统计：

Technical Analysis

技术分析

Crypto Equities

加密股票

ETF Flows

ETF流

Spot BTC ETFs:

SPOT BTC ETF：

Spot ETH ETFs

点ETH ETF

Source: Farside Investors

资料来源：Farside Investors

Overnight Flows

隔夜流动

Chart of the Day

日图

While You Were Sleeping

当你睡觉的时候

In the Ether

在以太

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

输出：指出过去24小时内在加密货币市场的有趣观察结果。

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.

这是星期五在亚洲，比特币（BTC）价格徘徊在87,000美元左右，因为标准普尔500指数自3月10日以来首次收回了200天的移动平均水平。

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.

此举是因为世界上最大的经济体与新的关税潜力和美国总统更广泛的“美国首先”经济议程斗争。

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.

据彭博社报道，特朗普总统正在采取新的贸易战术策略，引入了“次要关税”，这些关税可能会对委内瑞拉购买石油和天然气的任何国家征收25％的征税。

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.

他还指出，尽管某些国家可能会获得关税的豁免，但在未来几天将宣布对汽车，木材和半导体芯片的额外关税。这些措施最早可能在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.

这些关税是总统更广泛的“美国第一”经济议程的一部分，该议程优先考虑减少贸易赤字并在美国创造就业机会

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

该报告补充说，财政部长斯科特·贝斯特（Scott Bessent）继续倡导关税，将其作为一种具有多种用途的战略工具。

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

根据该报告，关税提供谈判的杠杆作用，产生政府收入和重新平衡贸易，以支持美国

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

同时，总理雷切尔·里夫斯（Rachel Reeves）正在为周三的春季声明做准备，因为债券收益率上升有可能使财政计划复杂化。

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

早期报告表明，她将提议削减公务员工作，同时排除进一步的税收增加。

What to Watch

看什么

Token Events

令牌事件

Conferences

会议

Token Talk

代币谈话

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与一周前刚刚重新发行了70B CRO的Scamyour团队没有什么不同，该团队此前在2021年被“ Forever”烧毁（总供应总额为70％），并且在您控制大部分供应量时违反了社区的愿望。不确定为什么真理会选择与您的交流伙伴关系……

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上最开放的利息是在周五的120亿美元期权到期之前的100,000美元电话期权。

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.

根据Deribit的新数据，3月份系列期权的卖方的最大损失约为85,000美元，即“最大痛苦价格”。

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

选项将于周五美国东部时间晚上8点（3月2日星期六上午12:00；在格林威治的平均时间）。

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

开放利息的大部分是$ 100,000的电话期权，以超过60,000份的合同开业。

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

下一个最高的开放兴趣是50,000美元的通话选项，