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BlockBeats News, March 29th, as Bitcoin dropped to $66,700, the prediction on Polymarket for "Bitcoin to drop to $50,000 this year" has increased to 65%. Furthermore, the probability of BTC rebounding to $80,000 within the year is currently at 66%, with a rebound to $90,000 at 45%.

Odaily reported that, according to monitoring by crypto analyst Ai Aunt @ai_9684xtpa, a Bitgo custody address transferred 5.48 million TRUMP tokens, worth approximately $16.06 million, to an exchange in the past 2 hours. On-chain tracking shows that these funds originated from a TRUMP team allocation address, which deposited a total of 18.14 million TRUMP tokens about 2 months ago, then valued at approximately $81.64 million. These incoming funds may be used for subsequent trading operations.

BlockBeats news, on March 29, according to Coinglass data, Bitcoin is currently quoted at $66,699.75, up 0.24% in the last 24 hours; Ethereum is quoted at $2,005.49, up 0.08% in the last 24 hours. The current funding rates for major CEX and DEX indicate that bearish signals for BTC and ETH persist, and market sentiment remains subdued. Specifically, the funding rate for ETH records a negative value on most platforms including a certain exchange, while some platforms show positive values, but all are below the 0.005% threshold, putting the overall market firmly in the bearish zone. For BTC, multiple platforms including a certain exchange are negative, with short positions continuously paying fees to long positions to maintain their positions. The specific funding rates for major tokens are shown in the attached chart. BlockBeats note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and underlying asset prices, usually applied to perpetual contracts. It is a mechanism for the exchange of funds between long and short traders. Trading platforms do not charge this fee; it is used to adjust the cost or profit of holding a contract, ensuring that the contract price stays close to the price of the underlying asset. When the funding rate is 0.01%, it indicates the benchmark rate. When the funding rate is greater than 0.01%, it indicates that the market is generally bullish. When the funding rate is less than 0.005%, it indicates that the market is generally bearish.