Macroeconomics

Bitcoin remains stable amid market turmoil fueled by rising oil prices and inflation, outperforming traditional assets. Its reduced leverage limits forced selling, attracting long-term investors eyeing potential gains in a volatile landscape.

From 18:00 to 18:15 (UTC) on March 10, 2026, BTC experienced a significant price fluctuation, with a 15-minute return of -0.70%. The price range was 70366.3-70915.0 USDT, with an amplitude of 0.77%. During the same period, trading volume increased by 18% compared to the previous hour's average, and the order book depth temporarily narrowed, indicating increased market volatility and heightened attention. The main drivers of this fluctuation were multiple large on-chain fund transfers and macro news resonance. Between 18:03 and 18:12, there were several on-chain transactions exceeding 500

The U.S. Energy Information Administration (EIA) significantly raised its oil price forecasts for 2026-2027 in the Short-Term Energy Outlook report released on March 11, with both Brent and WTI crude oil prices increasing notably.

A report from Bank of America指出, rising oil prices have been viewed as an inflation threat, but supply shocks pose a dual risk to the Federal Reserve's mission. Compared to 2022, current economic demand has slowed, and if oil price shocks persist, they could prompt the Fed to adopt an accommodative monetary policy.

March 2026 as traditional equities and digital assets fell sharply apart. In the first quarter A decoupling is being witnessed that challenges the notion of Bitcoin as a high-beta proxy for the stock market. After a year-end sell-off and a plunge from its 2025 highs, the S&P 500 (SPX) has shown

Gate News Announcement, March 10 — International Energy Agency (IEA) Director Fatih Birol stated that the IEA will hold a meeting of member governments on Tuesday (March 11) to discuss supply issues. The meeting will decide whether to release oil reserves.

On March 10th, Trump hinted that the Iran war could end quickly, causing crude oil futures to retreat. Saudi Arabia increasing the capacity of the East-West pipeline may help the market, but the key to oil prices lies in the safe passage through the Strait of Hormuz. Short-term production halts at Middle Eastern oil fields have little structural impact, but prolonged shutdowns face recovery challenges.

Gate News Announcement, March 10th, the ADP Weekly Employment Report shows that for the four weeks ending February 21, 2026, the U.S. private sector added an average of 15,500 jobs per week.

Gate News Report, on March 10th, February's non-farm payroll data showed weaker-than-expected employment performance, forming a stark contrast to the market's general expectation of resilience. However, the market's rate cut expectations have not significantly adjusted as a result. The interest rate market data indicates that the next rate cut is still highly likely to occur in the second half of the year. This week, both CPI and PCE data will be released successively. Against the backdrop of the Federal Reserve's decision next week, whether inflation data can signal a cooling trend and resonate with employment figures will be the market's focus. Analysts believe that the rebound in energy prices may hinder inflation cooling, making it difficult for the data to shake the Fed's wait-and-see stance.

Gate News: On March 10, Citigroup raised its global artificial intelligence capital expenditure forecast for 2026-2030 from the previous $8 trillion to $8.9 trillion.

Robert Kiyosaki warns of an impending market crash, citing unresolved debt from past crises. He advocates for investment in tangible assets like gold, silver, and cryptocurrencies, urging people to prepare for financial instability ahead.

From March 10, 2026, 08:00 to 08:15 (UTC), BTC achieved a +0.70% return within 15 minutes, with a price range of 70375.2 to 70926.3 USDT and an amplitude of 0.78%. This short-term fluctuation is significantly higher than the volatility of mainstream coins during the same period, attracting market attention. The increased volatility has prompted investors to closely monitor the market. The main driver of this fluctuation is large on-chain capital inflows into mainstream trading platforms, with a surge in short-term buying activity. Additionally, some institutional or whale accounts concentrated their positions during the window period, significantly driving the price upward. Meanwhile, market exchanges BTC

As the US CPI data is about to be released, the cryptocurrency market is entering a wait-and-see mode. Bitcoin, after experiencing a correction, is approaching $70,000, and market sentiment has improved, but it faces a short-term key resistance level. CPI data will be the main factor driving short-term market volatility.

Gate News Report: On March 10th, Saudi Arabia, the United Arab Emirates, Iraq, and Kuwait collectively cut production by up to 6.7 million barrels per day.

International oil price fluctuations have sparked heated discussions in the crypto community, focusing on the impact of oil prices on Bitcoin trends. Analysts believe that geopolitical risks and inflation pressures have made oil a focal point, with some traders expressing concern about Bitcoin's safe-haven properties, though doubts remain. Currently, market interest in altcoins is subdued, with main attention on macroeconomic trends and commodity movements.

Deutsche Bank's Head of Research Jim Reid pointed out that the current global energy market trend is similar to that before the second oil crisis in the 1970s, especially in the 4-5 years following the inflation surge. However, the key difference between the two is that the high inflation expectations in the 1970s led central banks to adopt aggressive monetary tightening, whereas today's long-term inflation expectations remain stable.

Bitcoin and Ethereum rebounded after Trump announced a temporary suspension of some oil sanctions, with Bitcoin soaring to a high of $69,537 and Ethereum reaching $2,053 at one point. Oil prices fell sharply, easing inflation pressures, and market liquidity expectations improved, leading to gains in risk assets. However, analysts warn that the US-Iran conflict could still impact shipping through the Strait of Hormuz, and the decline in global oil prices remains uncertain.

Circle (CRCL) stock price rose 9.7% on March 10, with a total increase of 86% over the past month. Analysis indicates that the situation in Iran has led to a rise in crude oil prices, boosting inflation expectations and potentially influencing the Federal Reserve's interest rate cuts. Meanwhile, high interest rates benefit stablecoin issuers, and changes in trader positions contributed to this significant surge.

CICC pointed out in its report that the U.S. economy faces a risk of "quasi-stagflation," with rising inflation stickiness, AI impacting employment, and increasing financial risks. The Federal Reserve's rate cuts may be delayed, economic growth is expected to slow down, risk premiums in the capital markets are rising, and capital allocation is tending toward risk aversion.

This article analyzes the dynamics of the Bitcoin derivatives market, pointing out that before macroeconomic data releases, the market shows downward risks through funding rates, open interest, and liquidation data. Negative funding rates, high open interest, and the subsequent employment report collectively influence market direction, revealing how the derivatives market quickly reflects macro pressures and trader sentiment.