STEEM is currently experiencing narrow-range consolidation between $0.0559 and $0.0620, dominated by macro risk-off sentiment. Short-term trading volume is insufficient and the direction is unclear. If geopolitical and liquidity risks ease, the price may break through $0.0620 to attempt an upward move; conversely, a drop below $0.0568 could signal a pullback risk. Strategy advice: maintain range-bound trading as the main approach, monitor changes in global risk appetite, and wait for a breakout signal with increased volume before following the trend. Over the mid-to-long term, focus on developments in the social ecosystem and institutional allocation trends.

Recently, demand for put options in the derivatives market has far exceeded calls, indicating that investors remain defensive about the market outlook. Rising geopolitical tensions have driven up oil prices and intensified inflation expectations, increasing overall market volatility. Negative Bitcoin funding rates and declining open interest reflect weakening risk appetite, with risk-off sentiment making it difficult for most altcoins to break away from correlated downside pressures.

STS Digital CEO Maxime Seiler reports that Bitcoin traders are increasingly seeking downside protection, with demand for put options significantly exceeding calls, indicating market panic. Bitcoin trades just above $70,000 after a recent nearly 4% drop triggered by geopolitical tensions, including U.S. naval actions near Iran and rising oil prices above $100 per barrel, which heighten inflation concerns ahead of upcoming central bank meetings.

STS Digital: Bitcoin bearish sentiment intensifies, options market shows investors seeking downside protection

Bitcoin rose to around $74,935 during the Asian session, up 0.7% in 24 hours and 5.4% weekly, driven mainly by spot buying rather than broad risk appetite. Derivatives markets show caution: perpetual contract funding rates remain negative, open interest declines, and options indicate higher demand for downside protection. This suggests a rebound, not a trend reversal, amid ongoing risk aversion and cautious sentiment despite gains.

Analysis: Bitcoin strengthens along with US stocks, but the options market still bets on downside risk.

Since mid-March, STEEM contracts have been oscillating within the $0.0559–$0.0620 range, with several failed attempts to decisively break above the $0.0600 resistance. In recent days, the price briefly rebounded to $0.0602, but trading volumes noticeably declined, indicating a wait-and-see attitude from both bulls and bears. Key pressure lies near $0.0620, while support can be found in the $0.0568–$0.0573 area—short-term consolidation within this range is likely to continue.

According to SoSoValue data reported by ChainCatcher, most of the cryptocurrency market saw gains, with AI and Meme sectors showing relative strength, rising 1.08% and 1.03% respectively in 24 hours. Notable increases include 0G up 14.95%, Worldcoin up 6.58%, and MemeCore up 4.45%. Bitcoin and Ethereum experienced slight declines, falling 0.37% and 0.43%, respectively. Other sectors showed mixed performance with minor gains and losses.

Data: Most of the crypto market is up, with AI and Meme sectors relatively strong, while BTC and ETH have slightly pulled back.

If global geopolitical tensions further ease, and a recovery in technology stocks leads to improved risk appetite in digital assets, STEEM may attempt a range-top breakout. At the same time, beware of the potential for renewed macro liquidity tightening or risk-off sentiment, which could exert fresh downward pressure. Over the medium-to-long term, as institutional preference for digital asset allocation stabilizes and ecosystem developments in social tokens progress, STEEM could see new opportunities for accumulation and breakout.

Tech stocks surged, driving the Nasdaq and S&P 500 to record highs amid optimism over easing US-Iran tensions. The Nasdaq rose 1.59% to 24,016.02, and the S&P 500 increased 0.8% to 7,022.95. Bitcoin briefly hit $75,229, up 1.07% in 24 hours and nearly 10% over two weeks. Fundstrat's Tom Lee suggests the next rally may be led by Bitcoin, Ether, and tech stocks.

Analysis: Tech stocks rally drives US stocks to new highs, Bitcoin hits $75,000

BitMart Research Weekly highlights easing US-Iran tensions and a hawkish shift in the Federal Reserve, driving a rebound in risk assets including crypto. US stocks, especially AI-related sectors, show strong recovery amid geopolitical risks. Inflation data signals potential upward pressure if oil prices stay high. Crypto markets follow US stocks with BTC and ETH leading, while altcoins remain volatile. Institutional inflows into Bitcoin ETFs and MicroStrategy’s increased BTC holdings indicate long-term confidence.

BitMart Research Institute Weekly Hotspot Analysis: US-Iran Easing Combined with Fed's Hawkish Shift, Crypto Market Follows Rebound to Form a Bottom

Steem

It’s not a given that the European Central Bank’s next move on interest rates will be a hike, according to Governing Council member Martins Kazaks.

Kazaks: Will not oppose bets on two interest rate hikes this year

Waller: Rapid resolution of the Middle East situation may allow for interest rate cuts later this year.

Waller: Overall PCE inflation year-over-year in March may reach 3.5%

The Federal Reserve's Waller expressed caution regarding interest rates, warning of the risks of prolonged warfare.

Fed's Daly: Rates May Remain Unchanged

Daly: The federal funds rate is slightly above the neutral level of 3%.

UBS Expects 50 bps Fed Rate Cuts as Gov Miran Downplays Inflation Risks

Federal Reserve's Daly: On hold regarding interest rates.

Easing tensions in the Middle East combined with rising expectations of interest rate cuts have pushed gold close to $4,900.

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Steem Price: STEEM Live Price Today | STEEM Market Cap & Chart Analysis | Bybit-eu

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STEEM price today is 0.06, with a live price change of 1.32 in the last 24 hours. Convert, buy, sell and trade STEEM on Bybit-eu.

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