Volatility Returns as Bitcoin Dances Around $85K

DAILY MARKET OVERVIEW

Ping-Pong Price Action

👋 Hey, Crypto Enthusiasts! It’s a choppy day in the markets, and uncertainty is the name of the game.

🏓 Market Moves: Volatility Takes the Wheel

Bitcoin has been bouncing hard between $85K and $88K, with $85K acting as a strong short-term support for now.

This sharp back-and-forth movement is being driven by a wave of mixed catalysts:

• 🗞️ Gamestop announced a proposed $1.3B private offering of convertible notes - while it’s not confirmed they’ll use the funds for Bitcoin, speculation is running hot. If history is any guide (cue: Saylor and MicroStrategy), this could be a serious bullish trigger pushing BTC toward $90K+.
  

• 🇺🇸 Geopolitical tension flared again after Trump warned of large-scale tariffs on the EU and Canada if they "collaborate to economically harm the U.S." This hit sentiment fast, sending Bitcoin back down to $85K before recovering.

With these push-pull forces in play, traders are playing defense, waiting for clearer signals.

📉 Options Expiry Looms: $12B in BTC Options Set to Expire March 28

One of the largest Bitcoin options expiries ever is just around the corner. Nearly $12 billion in open interest could unwind - but so far, implied volatility remains low, meaning markets don’t expect big fireworks.

Bitcoin is hovering near $87K, a key level where many options go out-of-the-money. Unless we get a major surprise, big swings seem unlikely for now.

🟢 U.S. States Are Going All-In on Bitcoin

Behind the short-term noise, a powerful macro shift is unfolding at the state level. In March 2025, several states pushed forward legislation to embrace Bitcoin and crypto as strategic financial tools:

• Kentucky passed the Blockchain Digital Asset Act, backing private ownership and mining, now holding 11% of the U.S. hashrate.
  

• North Carolina may invest up to 10% of state funds in digital assets to hedge inflation.
  

• Arizona aims to build a digital asset treasury from seized criminal funds while enabling pension and reserve BTC exposure.
  

• Oklahoma is greenlighting public fund investments into BTC, stablecoins, and majors.
  

• In total, 23 U.S. states have introduced Bitcoin reserve bills - potentially fueling $23B in BTC demand.

This follows a major Federal Strategic Bitcoin Reserve announcement from the Trump admin earlier this month.

💬 Bottom Line: Long-term fundamentals are strengthening, even if short-term action is messy.

THIS NEWSLETTER IS BROUGHT TO YOU BY:
OPENWALLET

Next-level security for your digital assets

Experience top security with Open Wallet. Your wallet blends user-friendliness with strong security.

SOCIAL SENTIMENT

Crypto X Waits... Bored but Alert

Right now, the market feels like it's drifting through fog. No major breakout catalysts are in play - yet. Traders are watching, waiting... and speculating.

Here’s what’s bubbling under the surface:

📢 Key Narratives Traders Are Watching

• 🧠 AI & Robotics: Projects like PEAQ and XMAQUINA are exploring the fusion of AI and blockchain infrastructure. It’s still early and a bit hazy, but the hype is starting to build.
  

• 🪙 Stablecoins: The “everyone wants a stablecoin” phase is still going strong. The ecosystem is rotating into related plays, with CRV leading the charge.
  

• ⚡ Sonic Chain: TVL just crossed $1B, with some exciting projects prepping to launch. Worth watching for early movers.
  

• 🐻 Bera Chain: Still outperforming with solid on-chain flows and growing attention.
  

• 🧱 Ethereum: Ethereum ETF staking and the upcoming Pectra upgrade could potentially help Ethereum’s sentiment.

📉 Sentiment:

• Narratives are scattered and shallow

• Traders are clearly bored

• No clear direction, but opportunities still exist - just harder to find and riskier to execute.

💡 In these conditions, alpha belongs to the patient and disciplined. The setups are there- they just require sharper eyes and quicker reflexes.

NEWS OVERVIEW

The Latest Crypto Headlines 📰 

JPMorgan: Yield-Bearing Stablecoins Could Hit 50% Market Share
Yield-bearing stablecoins like USDe and BUIDL are rapidly growing and may reshape the $220B stablecoin landscape, says JPMorgan.

Crypto Industry Suffers Worst-Ever Quarter for Hacks in Q1 2025
Hackers stole $1.64B in Q1, led by North Korean-linked attacks on Bybit and Phemex. DeFi hacks fell but remain frequent.

Ethereum Successfully Tests Pectra Upgrade on Hoodi Testnet
Ethereum moves closer to mainnet deployment of Pectra after clean test on Hoodi, introducing major EIPs for scaling and staking.

BitBoy Crypto Jailed for Allegedly Harassing Judge via Email
Crypto influencer BitBoy is behind bars in Florida after emailing a judge. He’s being held without bond as legal issues escalate.

YOUTUBE INFLUENCER SUMMARY

Summary From The Top Influencers 📷️ 

Coin Bureau – This Crypto Cycle Is Different! Here Are The Cold FACTS!! (27.03.2025 Summary)

Why This Crypto Cycle Feels So Weird And What Might Come Next

Coin Bureau delves into why this cycle feels different—but might not be that different at all. It’s all about expectations, early entries, and the missing retail herd.

1. The 4-Year Cycle Still Holds… But Timing Is Warped

✅ Historically, cycle tops come ~18 months after the halving
✅ That would place the peak around October 2025

We’re not there yet, and BTC’s chart is tracking normally. But altcoins? That’s where the chaos is.

2. No Altcoin Rotation = Market Feels Broken

In past cycles, BTC would rally, followed by ETH, then other alts.

📉 This time? BTC's pumping while ETH and most alts are still tanking
📉 Many blue-chip alts peaked in early 2024 and have only bled since

Investors expected the altseason already. It didn’t happen. And that’s why everyone thinks the cycle is off.

3. Early Investors Jumped the Gun

Most 2024 investors knew the cycle and front-ran altcoins, expecting:

→ ETF buzz to bring in retail
→ Trump’s win to bring policy hype
→ Strategic reserves to fuel demand

None of that brought a real retail wave. Meanwhile, memecoins soaked up attention - not blue-chip alts.

4. Altcoin Capitulation Is Already Happening

📉 Many investors from 2021 and early 2024 have started exiting altcoins
📉 That’s created the brutal BTC/altcoin divergence we’re seeing now
📉 Panic selling has already happened - and that’s key

This mass capitulation might be the perfect setup for a late-stage altseason when retail does arrive.

5. Blowoff Top Setup Still Intact

If retail floods in late summer as in previous cycles, altcoins could snap back violently.

👀 If ETF access expands to alts
👀 If the Trump administration delivers major crypto wins
👀 If institutions jump in post-clarity

That could ignite the 2–3 month parabolic phase we’ve seen before.

Final Take: This cycle feels off because investors got smarter - and earlier. But the classic cycle pattern still holds. Altseason might be late, not gone. Once new buyers show up, this disconnect could flip fast

Lark Davis – Bitcoin Big Moves Coming! (27.03.2025 Summary)

Bitcoin Dominance Rising - But Alts Could Be Coiled to Pop

Lark covers the latest Bitcoin setups, stock market correlations, and the wild GameStop-BTC twist that has traders buzzing.

1. Bitcoin – At a Critical Technical Zone

📌 BTC is hovering around the 50-day EMA at $89K
📌 A breakout above $91K would be a strong bullish signal
📌 Consolidation zone: Mid $80Ks – $91K – Lark’s watching for a clean move above

The uptrend is still intact. So far, nothing has broken.

2. GameStop Buys Bitcoin – The New MicroStrategy?

💥 GME is raising $1.3B to buy BTC
💥 Could spark a new wave of corporate BTC buyers
💥 GameStop’s market cap is 10x larger than MicroStrategy’s was when it started

Rumors of Facebook and Nintendo also exploring BTC strategies? If even half of it is true, this could supercharge Bitcoin demand.

3. Bitcoin Strategic Reserves Becoming a Trend?

Between MetaPlanet (Japan), GameStop, and whispers of government BTC buys, Lark sees growing momentum for corporate and national Bitcoin strategies.

🛢️ “Don’t want to be last” mentality is kicking in
🧠 Early adopters stand to gain the most

4. Macro Watch – April 2nd Could Be a Market Mover

⚠️ Trump’s tariff comments tanked the S&P and Nasdaq
⚠️ April 2nd is a key date for real tariff decisions

Stock market weakness might impact short-term BTC sentiment, but liquidity remains strong, and crypto could decouple on bullish news.

5. Altcoins – Looking for Breakouts

✅ Solana: Retesting 20-day EMA, possible long setup
✅ Aptos: Dex volume surging, watch $6.20
✅ Sei, Sui, and Sonic: Lark’s bullish on newer L1s with strong on-chain activity

🧪 Lark’s losing patience with old-school alts like Uniswap and Polkadot unless fundamentals improve

Final Take: Bitcoin’s next big move could be triggered by institutional buyers and policy headlines. Alts are lagging, but charts like Solana and Aptos suggest they’re prepping for action. Don’t sleep on April 2nd - macro could make or break sentiment short-term.

CRYPTO MEMES