March 20th, QQ77 Crypto Share:

The bloodbath continues. Cumulative decline over 7.2% in two days. Yesterday's low touched around $68,793, barely held this morning, currently clinging to the $70,000 level.

Today's Deribit expiration scale reaches $1.72 billion, with the maximum pain point right at $70,000. Options Put/Call ratio 0.49, futures funding rate entirely negative, BTC futures open interest also declined 5.6% to $106.9 billion, short-term chips clearly biased bearish.

Silver crashed >10% in a single day yesterday, gold broke below $4,600
US stock market Dow plunged 750 points creating new 2026 closing low, Dow dropped 750 points creating yearly low, S&P -0.22%, Nasdaq -0.3%

Today's Hot Topics:
1️⃣$TAO continues to surge, cumulative increase over 46% from early month to now, Subnet 3 (Templar / τemplar, SN3) completed the largest-scale fully decentralized LLM pretraining in history.

2️⃣DEX aggregator $JUP recently launched tokenized Pre-IPO stock trading functionality, allowing ordinary people to directly buy and sell "equity tokens" of top unlisted companies on-chain, including stocks of SpaceX, OpenAI, Anthropic, Kalshi, Polymarket and others.

3️⃣Animoca Brands invested in $AVAX , focusing on expansion in Asia and the Middle East, with key support for Avalanche ecosystem projects, especially in three major sectors: entertainment (gaming/NFT), RWA, and digital identity.

【Risk Warning】Today's cryptocurrency greed index: 11 (extreme fear), DYOR is always the first principle, investment carries risks, please participate cautiously!