Bitmine Chairman Tom Lee said that the current crypto market may have already bottomed out and that the decline could end before 2026. He pointed to the correlation between Ethereum and the S&P 500’s drop, and noted that long-term holders are maintaining their positions, suggesting the market may be entering an accumulation phase. Bitmine has recently increased its holdings by more than 65,000 ETH.

On March 29, The Kobeissi Letter released an analysis stating that U.S. tech stocks have entered undervalued territory, with the forward price-to-earnings ratio premium of the information technology index reaching a seven-year low, suggesting it may be a good time to buy tech stocks.

Gate News message, March 29, according to data from Alternative.me, today the Crypto Fear & Greed Index has fallen to 9, down further from yesterday’s 12, and the market is still in an “extreme fear” state.

Gate News reports that on March 28, market research firm Citrini Research expressed the view that U.S. stocks may reach a short-term bottom on Monday. At the same time, the firm stated that the S&P 500 index (the benchmark index for the U.S. stock market) will not stabilize long-term before falling below 6000 points, but some severe short-term rebounds will occur.

BlockBeats news, on March 28, the author of the "End of Day Report," Citrini Research, published a market outlook stating that U.S. stocks may hit a short-term bottom on Monday. At the same time, it stated that the S&P 500 index would not stabilize long-term before breaking below 6000 points, but there would be some intense short-term rebounds.

This week, U.S. stocks fell across the board, with the S&P 500, Nasdaq, and Dow Jones indices all setting records for the longest five-week losing streak since 2022, and the market value of tech stocks shrinking by $870 billion. Meta plummeted approximately 12% due to a double blow from lawsuits and layoffs, with over half of the overall market entering a technical bear market.

Since the war between the U.S. and Iran began at the end of February, Ethereum has performed exceptionally well, outperforming several major assets. Fundstrat's research shows that Ethereum has risen 17% against the S&P 500, and Tom Lee believes it has significant potential as a risk-averse asset. He predicts that Ether could rise to $250,000, and multiple institutions are optimistic about investing in it. Currently, the price of Ethereum is fluctuating around $2,000, with market attention continuously increasing.

Centrifuge announced that S&P Global Ratings has upgraded the credit quality rating of its tokenized government bond fund JTRSY to "AAAf", while also confirming its "S1+" fund volatility rating, both of which are the highest levels. The asset management scale of JTRSY exceeds $1 billion.

Centrifuge announced that S&P has upgraded the credit quality rating of its tokenized treasury fund JTRSY to "AAAf" and maintained an "S1+" fund volatility rating. The fund has assets under management exceeding $1 billion, making it one of the largest tokenized treasury funds.

On March 27, a whale investor (0xebe) held about $40 million in hedging positions, including a $29.56 million long position in the S&P 500 and a $10.2 million short position in both WTI and Brent crude oil. Despite betting on a decline in oil prices and a rebound in the stock market, the cooling of US-Iran negotiations weakened market confidence, leading to a collective decline in the three major US stock indices, resulting in an intraday unrealized loss of over $630,000 for the investor.