Bitcoin bull market momentum is due to return, but a “cooling off period” of up to three months may come first, Timothy Peterson says as he reveals a new BTC price floor.
Bitcoin has a 95% chance of staying above $69,000 forever, a classic BTC price forecasting tool says.
In a post to X on March 4, network economist Timothy Peterson revealed a new floor level from the “Lowest Price Forward” metric.
Bitcoin (BTC) remains highly sensitive to geopolitical decisions in 2025, last week hitting its lowest levels since November last year.
Ethereum has recorded spot inflows for the first time in 10 days. This signals a resurgence in investor confidence ahead of the highly anticipated White House Crypto Summit scheduled for March 7.
At press time, ETH trades at $2,290, noting a 4% price hike in the past 24 hours. With growing bullish pressure in the broader market ahead of the meeting, the altcoin might extend its gains in the short term.
ETH Sees $20 Million Spot Inflows After 10-Day Outflow Streak
According to Coinglass, ETH’s spot inflows totaled $20 million on Thursday. This comes after the leading altcoin witnessed 10 consecutive days of fund outflows from its spot markets, exceeding $600 million.
When an asset that previously recorded significant outflows begins to record inflows, it indicates a shift in investor sentiment. It means that renewed buying interest is replacing prior selling pressure. ETH’s spot inflows indicate a rise in demand for the asset, as buyers are willing to acquire it at the current market price, positioning it for further upside.
In addition, Ethereum’s open interest is also climbing, indicating a surge in trading activity. At press time, this is at $20 billion, increasing by 4% over the past 24 hours.
An asset’s open interest measures the total number of outstanding derivative contracts, such as futures or options, that have not been settled. ETH’s rising open interest reflects increased market participation and capital inflows into its futures market, reinforcing the current bullish trend.
Ethereum Eyes $2,361 as Indicator Confirms Growing Buying Pressure
On the daily chart, readings from ETH’s Moving Average Convergence Divergence (MACD) reflect the growing demand for the coin ahead of Friday’s Crypto Summit. As of this writing, the coin’s MACD line (blue) is poised to climb above the signal line (orange).
When this momentum indicator is set up this way, it suggests a potential bullish crossover as upward momentum strengthens. This is seen as a buy signal, increasing the possibility of further price rallies. If ETH’s demand grows, its price could reach $2,361.
HashKey Group Chairman and CEO Xiao Feng kicked off the 2025 Hong Kong Web3 Festival on Sunday with a keynote address highlighting blockchain technology’s transformative impact on global financial infrastructure.
Speaking to an early morning crowd at the Hong Kong Convention and Exhibition Center, Xiao described blockchain as “a new generation of financial infrastructure” that fundamentally changes how financial transactions are recorded, settled and governed.
“Any industrial revolution must wait for a financial revolution,” Xiao told attendees at the four-day event hosted by his company.
Xiao emphasized historical parallels between technological and financial evolution: banking credit supported the British Industrial Revolution, stock markets enabled the electrical revolution in America, and venture capital fueled Silicon Valley’s information revolution.
“Cryptocurrency finance will become the core financial innovation supporting the fourth industrial revolution.”
The executive highlighted key differences between traditional and blockchain-based finance, including the shift from bank accounts to digital wallets and the move from batch settlement systems to instantaneous transaction completion.
Regulatory Changes and Market Evolution
Xiao noted the significance of the U.S. Securities and Exchange Commission’s recent decision not to classify dollar-backed stablecoins as securities, suggesting this allows more institutions to participate in monetary creation processes.
HashKey Group Chairman and CEO Xiao Feng at Keynote speech of 2025 Hong Kong Web3 Festival. Courtesy of Web3 Festival
He also pointed to major stock exchanges moving toward 23-hour trading cycles, compared to blockchain markets that operate continuously.
“Traditional exchanges will eventually need to adapt to compete with cryptocurrency markets that have operated 24/7 since day one,” Xiao predicted.
Hong Kong’s Strategic Role
The event features several high-profile regulators, including Paul Chan Mo-po, Financial Secretary of the Hong Kong Government; Joseph H. L. Chan, Under Secretary for Financial Services and the Treasury; Christina Choi, Executive Director of Investment Products at the Securities and Futures Commission; and George Chou, Chief Fintech Officer of the Hong Kong Monetary Authority.
While mainland China maintains strict prohibitions on cryptocurrencies, analysts view Hong Kong’s supportive stance as a strategic testing ground for the technology’s potential. This approach effectively creates a regulatory breathing space where blockchain innovations can develop under controlled conditions, potentially informing future policies across the broader Chinese economy.
The Web3 Festival continues through Wednesday with industry panels, demonstrations and networking events, bringing together blockchain developers, investors and technology enthusiasts from around the world.
