AVAX Tests $9.38 Resistance After 8.3% Surge — Breakout or Pullback Ahead?

QCP: Bitcoin remains resilient amid the Hormuz crisis, while AI and tech industries come under pressure

The closure of the Strait of Hormuz has led to rising energy prices, with Brent crude reaching $83 and natural gas up 50%. The South Korean stock index KOSPI fell 20% due to the impact. Bitcoin performed strongly, possibly indicating a shift in risk appetite. The market expects continued volatility, with all parties pressuring Iran to open the strait.

Bitmine buys the dip again! Tom Lee is optimistic about Ethereum with "three major bullish factors" supporting it

Bitmine Immersion Technologies increased its holdings by 51,162 ETH last week, bringing the total to 4.42 million ETH, valued at approximately $8.7 billion, making it the publicly traded company with the largest ETH holdings. Despite market difficulties, Chairman Tom Lee believes the fundamentals of ETH are strong and points out three major positive factors. 68.7% of the company's ETH has been staked, which is expected to generate significant passive income.

Dark Week for Asian Stocks! Korea locks out margin traders, Taiwan's many frogs are crying out, and Japan's NISA investors are feeling the pain of the stock market crash

The joint attack by the US and Israel on Iran caused a crash in Asian stock markets. South Korea's KOSPI plummeted nearly 20% over two days, marking the largest decline since 2008; Taiwan's stock market was also affected, with TSMC's market value evaporating nearly 2 trillion yuan, and PTT's stock board experiencing panic selling. The Japanese market also took a heavy hit, with the Nikkei index dropping over 4,000 points in three days. NISA investors are facing their first market crash challenge, and investor panic sentiment is rising. The market has not yet stabilized.

BTC 15-minute increase of 0.83%: Short covering and on-chain large funds resonate to drive the move

From 08:30 to 08:45 (UTC) on March 4, 2026, BTC recorded a +0.83% return, with a price range of 69,305.8 to 69,914.2 USDT, and an amplitude of 0.88%. In a short period, market attention significantly increased, trading volume expanded compared to usual, reflecting rapid capital flow and heightened volatility. The main drivers of this movement are partial short covering and concentrated liquidation of leveraged positions. Previously, after BTC retested a key support level, short positions were forced to cover and buy, pushing the price higher. During the same period, the frequency of large on-chain transfers and the average transaction amount increased markedly.

ETF Frenzy for Capital Inflow, Strong Bearish Momentum in Futures: Bitcoin Surges Past $69,000, Can the Short-term Rebound Continue?

Despite ongoing geopolitical uncertainties, the cryptocurrency market has demonstrated remarkable resilience, with Bitcoin breaking through $69,000 today (4) and approaching the $70,000 mark again. Market analysis indicates that this rally is less about investors' "bullish confidence" returning and more about a technical rebound driven by "short covering." Crypto market maker Enflux pointed out that the market has neither fully priced in the disaster nor placed optimistic bets on a resolution. Last weekend, shorts capitalized on news of Middle Eastern military conflicts, causing Bitcoin to drop to $63,000. However, once the market realized that the situation was not escalating into a full-scale regional war affecting global trade routes, the long-suppressed short positions were quickly hunted down, triggering a short squeeze. Enflux described in its report that the reaction speed of crypto assets to geopolitical shocks far exceeds that of traditional assets: When gunfire erupts or sanctions are imposed