Gate News reported that on March 20, according to Greeks.live data, 23,000 BTC options will expire today with a Put Call Ratio of 0.88, maximum pain point at $70,000, and notional value of $1.6 billion. Additionally, 176,000 ETH options will expire today with a Put Call Ratio of 1.04, maximum pain point at $2,150, and notional value of $370 million. Next Friday (March 27) will see quarterly settlement.
March 20: Bitcoin rebounded to $70,800, up over 1%, as multiple countries pledged to ensure passage through the Strait of Hormuz. Energy market shifts drove oil prices lower, but Middle East tensions create uncertainty, with traditional market bearish signals affecting crypto assets. Bitcoin's short-term movement remains driven by macro factors, with $70,000 as a key level to watch.
March 20, the Federal Reserve maintained interest rates unchanged, and Bitcoin price quickly pulled back to around $70,000, with a decline close to 5%. Market risk appetite cooled, and Ethereum, Dogecoin and others also faced pressure, showing that macro factors impact the crypto market. Analysts pointed out that Bitcoin trading will rely on selective fund flows, and high interest rates combined with geopolitical risks may cause it to maintain a volatile and weak pattern in the short term.
Meta announced that it is withdrawing its decision to shut down the Horizon Worlds VR platform and will continue to retain the application on Quest headsets. Based on user feedback, existing VR games will continue to operate, but no new content will be added. Meta's metaverse business is facing losses, and the company will shift its future development focus towards artificial intelligence and mobile experiences.
On Polymarket prediction market, two accounts invested $6,100 betting on a ceasefire between the US and Iran before March 31st, with current probability at 8%. These accounts previously successfully predicted the timing of US strikes against Iran and reaped substantial returns. Iran's president proposed ceasefire conditions, but the US has not made an official response.
Israeli Prime Minister Netanyahu responded to death rumors at a press conference, confirming he is still alive and denying false information about his health circulating online. He claimed the rumors were "spread by himself." Meanwhile, as the conflict between Israel and Iran escalates, Netanyahu stated that relevant military operations have been suspended and claimed Iran no longer possesses nuclear capabilities. This public appearance is viewed as an important geopolitical signal.
Morgan Stanley issued a research report on March 20th giving MINIMAX (Hong Kong stock code 00100.HK) an overweight rating with a target price of HK$990. The report points out that MINIMAX has made significant progress in large model iterations and enhanced its AI capabilities, with expected considerable growth potential for its tokens.
