During the period from 13:30 to 13:45 (UTC) on March 28, 2026, the spot price of ETH fluctuated between 2002.78 and 2043.89 USDT, recording a return of +1.27% within 15 minutes, with a volatility of 2.05%. During this time, market trading activity significantly increased, and the attention from short-term participants rapidly rose, leading to heightened price volatility. The main drivers of this fluctuation were net inflows of funds into ETFs and continued accumulation by institutions. In late March, daily inflows into ETH-related ETFs reached as high as $175 million, setting a new annual record, and directly driving short

During the period from 2026-03-28 13:30 to 13:45 (UTC), the BTC intraday return within 15 minutes reached +0.71%, reported 66,458.1 to 67,150.7 USDT, with a range of 1.04%. During the abnormal move, large transfers surged, exchange deposits were promptly scaled up, and market attention increased while short-term liquidity tightened. The main driving force behind this abnormal move is that large-portfolio accounts have continued to distribute their holdings since the end of 2025, and in early 2026 accelerated transferring BTC to major exchanges, resulting in significant short-term sell pressure. On the derivatives market side, BTC perpetual contracts experienced increased open interest and trading volume, indicating heightened hedging activity and speculative interest, which further amplified market volatility.

On March 27, as gold prices declined, the probability of the event "Gold falling below $4,300 by the end of March" on Polymarket rose to 39%. International crude oil futures surged significantly due to uncertainties in US-Iran negotiations, while the three major U.S. stock indices fell. Meanwhile, spot gold dropped to $4,402.51, down 0.55% over 24 hours.

Gate News reports that on March 27, data from Alternative.me shows that today’s cryptocurrency Fear and Greed Index has risen to 13, indicating the market is in a state of "extreme fear." Yesterday, the index was 10, also in the "extreme fear" zone.

Between 09:30 and 09:45 (UTC) on March 26, 2026, BTC prices experienced a short-term decline within the range of 69,442.8 to 70,026.0 USDT. The 15-minute return was -0.75%, with an amplitude of 0.83%. Market attention remained high during the event window, volatility increased significantly, and short-term selling pressure was notably released. The main drivers of this movement were the increased leverage in the derivatives market and hedging effects before options expiration. Open interest in futures contracts reached $18–20 billion, and funding rates further rose to +0.51%.

The expectations for a ceasefire in the US-Iran negotiations fluctuate, and Brent crude oil prices rose intraday. The largest position holder, Abraxas Capital, increased their short positions by $16 million, bringing the total position size to $66.4 million, with unrealized gains decreasing to $2.2 million.

On March 26, Japan's two-year government bond yield rose to its highest level since 1996 as markets anticipated a central bank rate hike. The ten-year JGB yield also climbed, with rising oil prices fueling inflation expectations and increasing anticipation of monetary policy tightening by the central bank. Markets are pricing in a 64% probability of a rate hike in April.

On March 26th, the overall crypto market experienced gains, with the Meme sector up 5.09%. Bitcoin broke through $71,000, while Ethereum maintained levels above $2,100. AI, RWA, Layer 2, and Layer 1 all showed upward momentum, while GameFi and PayFi experienced slight declines. The overall crypto sector index also rose.

As of March 26, Ethena (ENA) price increased 14.98% to $0.10898, with a market cap of approximately $925 million. Ethena is a synthetic dollar protocol based on Ethereum, launching USDe and sUSDe products, supporting multi-chain deployment, and offering 3.5% APY yield.

# The U.S. Hands Over a 15-Point Peace Plan, Iran Asks: Are You Negotiating With Yourself? America handed a 15-point peace proposal drafted by the U.S. to Tehran through Pakistan. After the plan was disclosed by the Wall Street Journal, Brent crude briefly fell below $100 per barrel, and Asian stock markets collectively rose. But the optimistic sentiment didn't last through a single trading day. All 15 points directly target Iran's core strategic assets. Dismantle three nuclear facilities, halt uranium enrichment, suspend missile programs, reduce support for regional allies, completely open the Strait of Hormuz. In exchange: sanctions relief and civilian nuclear energy assistance. This isn't a negotiation opening bid—it's a surrender conditions checklist. --- 1｜The U.S. Hands Over a Surrender List, Iran Says You're Negotiating With Yourself --------------------- Pakistan delivered to Tehran a 15-point peace plan drafted by America. After the plan was disclosed by the Wall Street Journal, Brent crude briefly fell below $100 per barrel, and Asian stock markets collectively rose. But the optimistic sentiment didn't last through a single trading day. All 15 points directly target Iran's core strategic assets. Dismantle three nuclear facilities, halt uranium enrichment, suspend missile programs, reduce support for regional allies, completely open the Strait of Hormuz. In exchange: sanctions relief and civilian nuclear energy assistance. This isn't a negotiation opening bid—it's a surrender conditions checklist.