Gold is projected to surpass $3,000 per ounce in 2025, driven by strong macroeconomic and geopolitical factors.

At the heart of gold's potential surge is the current macroeconomic landscape that’s characterized by persistent inflation and anticipated monetary policy shifts. Inflation rates in the U.S. are expected to remain above the Federal Reserve's target of 2%, creating an environment in which gold is expected to serve as a crucial hedge against currency devaluation. When inflation erodes purchasing power, investors often turn to gold to preserve their wealth.

Moreover, the Federal Reserve has signaled a shift toward monetary easing, with market expectations indicating potential interest rate cuts in the coming months. Lower interest rates decrease the opportunity cost of holding gold, making it a more attractive investment as compared to interest-bearing assets, such as bonds and savings accounts. With real interest rates projected to remain low or even go negative, gold could experience renewed demand as a safe store of value.

Geopolitical tensions further bolster gold’s appeal. Ongoing conflicts, particularly the strained U.S.-China relationship and the Russia-Ukraine war, create an atmosphere of uncertainty that drives investors toward safe-haven assets. During times of geopolitical instability, gold has historically seen increased demand as investors seek to mitigate risks associated with market volatility.

As global tensions escalate, the demand for gold is likely to rise, reinforcing its status as a reliable hedge against financial instability. Investors tend to flock to gold during crises, viewing it as a secure asset that retains its intrinsic value, especially when other markets are under pressure.

Another significant factor contributing to the bullish outlook for gold is the unprecedented demand from central banks around the world. In 2024, central banks collectively purchased over 1,000 metric tons of gold, marking one of the highest levels of accumulation in recent history. This trend is expected to continue into 2025, particularly among countries like China and Russia that are actively reducing their reliance on U.S. dollar reserves as part of a broader de-dollarization strategy.

This central bank buying provides a strong structural support for gold prices, minimizing downside risks. As these institutions accumulate more gold, the resulting scarcity in the market could lead to higher prices. The growing demand from central banks underscores the renewed confidence in gold as a strategic reserve asset, especially amidst economic volatility and geopolitical tensions.

From a technical perspective, gold is currently in a robust uptrend, trading above key moving averages and nearing critical resistance levels. If gold successfully breaks through the psychological barrier of $3,000 per ounce, momentum could carry it toward higher price targets, potentially reaching $3,200 or even $3,500. 

, such as relative strength index (RSI) and moving average convergence divergence (MACD), suggest that gold remains in a bullish phase, indicating further upside potential.

As gold approaches these key resistance points, technical traders will closely monitor its price movements. A successful breach of the $3,000 level could trigger momentum buying, propelling prices higher as investor confidence grows.

Finally, rising investor sentiment plays a crucial role in gold’s potential price surge. Increased inflows into gold-backed 

 (ETFs), in addition to speculative positioning in futures markets, reflect strong confidence among both retail and institutional investors. As ETF holdings rise, it signals renewed interest in gold as a safe-haven investment.

This optimism is bolstered by a general shift in market sentiment as investors are increasingly turning to gold amid concerns over economic stability and inflation. The combination of robust technical indicators, macroeconomic pressures and favorable investor sentiment positions gold favorably for a significant price increase in 2025.

In summary, gold is well-positioned to reach $3,000 per ounce in 2025, driven by a combination of persistent inflation, geopolitical uncertainty, strong central bank demand and positive technical indicators. As investors seek refuge in safe-haven assets, gold’s intrinsic value and historical performance during times of crisis will make it an attractive option for preserving wealth. The confluence of these factors suggests that gold's upward trajectory could continue, making 2025 a pivotal year for this precious metal.

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Bybit Commodity Insight Report: Why Gold Is Poised to Reach $3,000 in 2025

Our weekly crypto derivatives analytics report delves into macro events, the current state of crypto and trading signals from spot trading volume, as well as futures, options and perpetual contracts.

Macro headwinds are impacting the crypto market, with a sell-off that began over the weekend deepening this week. BTC, ETH and most altcoins are declining alongside equities, gold and treasury yields, though derivatives markets are showing little bearish sentiment or increased volatility expectations. Among perpetuals, there are record consistent positive rates across most markets, indicating a reset in positioning. Meanwhile, ETH retains a volatility premium over BTC, but its term structure hasn’t inverted as sharply as in earlier sell-offs this month.

Please check out the report’s highlights.

Funding Rates Largely Positive Amid Sell-Off

Despite risk-off sentiment across asset classes this weekend and early this past week, USDT-denominated perpetual contracts have shown their most consistently positive funding rates within the past month. While these rates haven't reached the bullish levels of early December 2024, most have returned to a neutral level of 0.01%, signaling a reset in positioning due to recent market movements.

Tuesday's intensified risk-off sell-off led to a significant spike in BTC put trade volume as traders hedged against further declines. Unlike ETH, which leans bullish on calls, BTC's open interest is balanced between upside and downside protection. The volatility term structure is flat again, typical during sharp market moves, but this reflects a decline in longer-dated options, rather than a rise in short-term expectations.

As the sell-off in risk-on assets deepened this past week, ETH outperformed BTC. ETH derivatives markets are showing stronger sentiment, with higher call trade volumes indicating greater demand for upside positioning as compared to puts. However, ETH's volatility term structure has inverted more sharply than BTC's, as seen in previous significant market moves since last November (2024), with front-end volatility levels 15 points above those of BTC options with a similar tenor.

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Bybit X Block Scholes Crypto Derivatives Analytics Report (Feb 26, 2025): Reset in Sentiment Brewing as Fund Rates Turn Positive

Explore four essential tips to help you accumulate more points, optimize your strategy and claim the best rewards in EcoGalaxy: Mantle Surge.

With the rise of gamified crypto events, EcoGalaxy: Mantle Surge stands out as one of the most exciting opportunities for users to earn rewards while engaging with both Bybit and Mantle Network. This limited-time event offers participants a shot at a 1,000,000 MNT prize pool when they complete on-chain and trading-related tasks. 

To help you maximize your rewards and ensure you get the most out of this event, in this guide we’ll break down four essential tips to help you accumulate more points, optimize your strategy and claim the best rewards in EcoGalaxy: Mantle Surge.

EcoGalaxy: Mantle Surge is a limited-time campaign that rewards participants with a share of a 1,000,000 MNT prize pool when they complete both Bybit and on-chain tasks. Players earn "wishes" that can be used to enter Lucky Draws or climb the leaderboard for greater rewards.

This campaign, hosted by Bybit in collaboration with Mantle, blends gamification with 

 engagement, offering users multiple ways to win. Participants can choose to rely on chance via the Lucky Draw or strategically allocate their wishes to compete on the leaderboard. The event runs from Mar 6, 2025 to Mar 27, 2025, making it a limited-time opportunity to accumulate rewards while exploring the Mantle ecosystem.

4 Tips to Maximize Your Wishes and Rewards in EcoGalaxy: Mantle Surge

To make the most out of EcoGalaxy: Mantle Surge, you need to strategize your wish allocation, complete as many tasks as possible and take advantage of all available earning mechanisms. Here are four essential tips to maximize your rewards:

One of the best ways to earn high-value rewards in EcoGalaxy: Mantle Surge is by competing on the leaderboard. There are a total of five rounds, and the rewards are higher with each passing round. 

The more wishes you allocate toward leaderboard rankings, the higher your position and the larger your rewards. However, since the leaderboard is dynamic, your rank can change based on the activity of other participants.

Since leaderboard positions fluctuate, it’s recommended that you monitor your ranking regularly and adjust your strategy accordingly. Players who accumulate the most wishes by the end of each leaderboard round will receive the greatest rewards.

 that each round’s rewards and wishes are calculated independently, and any wishes spent in a round won’t carry over to the next round.

If you prefer an element of surprise, the Lucky Draw is your best bet. By spending wishes on Lucky Draw attempts, you earn the chance to win instant prizes. The Lucky Draw operates on a first-come, first-served basis, so the earlier you participate, the better your chances of securing top-tier rewards.

Since rewards are limited, it's advisable to use your wishes early before the top prizes run out.

An easy way to earn free points in this campaign is by holding Mantle (MNT) and/or Mantle Restaked ETH (cmETH) in your Bybit account. By simply keeping these assets in your wallet, you’ll receive additional wishes, increasing your chances of winning more rewards.

This passive method of earning wishes ensures that you accumulate extra points without actively completing tasks, making it one of the simplest ways to boost your rewards.

Another hidden gem for doubling your rewards in EcoGalaxy: Mantle Surge is through Layer 3. Participants who complete specific Layer 3 quests will receive extra bonuses, including double rewards on certain tasks.

By leveraging Layer 3 bonuses, you can significantly boost your total wish count, increasing your chances of securing leaderboard positions or hitting big wins in the Lucky Draw.

If you’re looking for a fun and rewarding way to engage with the Mantle ecosystem, EcoGalaxy: Mantle Surge is definitely an event worth joining. With 1,000,000 MNT up for grabs, both casual users and seasoned traders can benefit from this campaign.

The event's dual-reward system allows participants to tailor their strategy based on their preferences. Whether you enjoy the thrill of luck-based rewards or prefer the competitive edge of leaderboard climbing, this campaign offers something for everyone.

Additionally, holding MNT and cmETH provides passive earnings, while Layer 3 integration presents an opportunity for double rewards — making the experience even more lucrative for active participants.

EcoGalaxy: Mantle Surge is a limited-time, gamified rewards campaign that blends trading, staking and on-chain interactions. By completing tasks, holding Mantle assets and strategically using your wishes, you can maximize your rewards and secure your share of the 1,000,000 MNT prize pool.

This event runs from Mar 6, 2025 to 27, 2025, so now is the best time to get started. Are you ready to explore the Mantle ecosystem and claim your rewards? Join EcoGalaxy: Mantle Surge today!

Beginner

how to participate in ecogalaxy mantle surge

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Join Bybit’s AI-DOL SUPERSTAR Trading Battle, vote for top AI projects and compete for a share of a $1M prize pool. Earn rewards while shaping the future of AI in crypto.

The Bybit AI-DOL SUPERSTAR Trading Battle is an exciting and innovative trading and voting event that aims to identify and support high-potential AI projects within the cryptocurrency space.

As artificial intelligence (AI) continues to revolutionize blockchain technology, this competition offers users a unique opportunity to engage with emerging AI-driven crypto projects while earning substantial rewards of up to $1 million.

 (AI) and cryptocurrency is reshaping blockchain and 

 — autonomous programs powered by machine learning — are revolutionizing the sector by automating trading strategies, optimizing portfolio management and executing on-chain decisions with minimal human input.

These intelligent agents analyze vast datasets, identify market trends and execute trades in real time, significantly enhancing efficiency and reducing risks in the volatile crypto market. Their role extends beyond trading, influencing DeFi protocols, NFT markets and blockchain governance.

Bybit is at the forefront of this AI-driven transformation, launching the 

 to spotlight high-potential AI projects. This event provides a launchpad for groundbreaking AI applications, connecting innovators with a global crypto audience.

What Is the Bybit AI-DOL SUPERSTAR Trading Battle?

Bybit is launching a unique AI trading event designed to highlight the most promising AI-driven crypto projects.

AI is revolutionizing crypto markets, with automated trading bots now executing over 60% of all crypto transactions. The integration of AI and blockchain is unlocking new trading strategies, DeFi innovations and web3 applications, making the AI sector one of the most promising in crypto.

Bybit’s AI-DOL SUPERSTAR Trading Battle bridges AI and blockchain, providing a global stage for emerging projects to gain exposure to a global audience. Participants play an active role in shaping the future of AI in crypto while earning rewards.

How to Participate in the AI-DOL SUPERSTAR Trading Battle

Campaign Period: Feb 28, 2025, 10AM UTC – Mar 27, 2025, 10AM UTC

Bybit users can support AI projects and earn rewards by participating in this AI-powered trading competition. Here's a step-by-step guide to joining:

Projects earn voting points from the following ways:

By actively trading and voting, participants not only have a chance to earn from the $1 million prize pool, but will also play a crucial role in shaping the future of AI in the crypto industry.

Bybit's AI-DOL SUPERSTAR Trading Battle offers an exciting $1 million prize pool, with multiple ways for participants to win rewards.

*Note that to win the prizes, there is a minimum number of voting points required. For example, to win the largest prize of $50,000, 600,000 voting points are required. Refer to the event page for more details. 

The breakdown of how votes are allocated for Bybit Spot is as follows:

The breakdown of how votes are allocated for Bybit Web3 is as follows:

The maximum number of daily votes that a user can receive is 100,400 (50,200 for Bybit Spot and Web3 respectively).

By trading, voting and engaging in the competition, participants not only support innovative AI projects but also receive a chance to maximize their earnings in this high-stakes trading battle.

Bybit's AI-DOL SUPERSTAR Trading Battle offers a distinctive platform that connects cryptocurrency traders with AI innovators. Participants are invited to support leading AI projects, earn attractive rewards and contribute to shaping the future of AI within the crypto ecosystem. 

 and be part of the AI-driven revolution on Bybit!

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How to Participate in Bybit’s AI-DOL SUPERSTAR Trading Battle

Crypto Insights

Our weekly Institutional Insights explore the latest market developments, including market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks, aiming to supercharge your crypto trading.

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: Our weekly Institutional Insights explore the latest market developments, including market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks, aiming to supercharge your crypto trading.

Macro Overview — U.S. Inflation’s Unexpected Drop Supports Risky Assets

U.S. inflation cooled broadly in June 2024, reaching the slowest pace since 2021 due to a long-awaited slowdown in housing costs. This sends a strong signal that the Federal Reserve may soon be able to cut interest rates.

According to Bureau of Labor Statistics data, the core consumer price index, which excludes food and energy, rose just 0.1% from May — the smallest increase in three years. The overall CPI measure even fell for the first time since the Covid-19 pandemic began, driven by cheaper gasoline prices.

This deceleration in inflation boosts the odds of a Federal Reserve rate cut in September. The June CPI reading, along with the "really good" 

 that Fed Chair Jerome Powell described, should give the central bank the confidence needed to start cutting rates soon. Policymakers may signal this possibility when they meet in July, especially as unemployment has risen for three straight months.

While in recent testimony Powell avoided signaling the timing of rate cuts, economists believe the path is now open for the Fed to cut them in September. Treasury yields rallied, and traders priced in September and December rate cuts after the CPI report.

The data also provided encouraging news for President Biden, as he faces calls from Democrats to step aside. Shelter prices, the largest CPI category, had their smallest gain since 2021, and services inflation more broadly cooled. Goods prices have also been declining for most of the past year, providing relief to consumers.

However, the June CPI data still showed inflation running above the Fed's 2% target, with the core CPI up 3.3% year-over-year. However, the broad-based slowdown, particularly in housing, suggests that the path to the Fed's goal is becoming clearer.

Weekly Crypto Highlight — SOL ETF Boosts Market Sentiment; Bitcoin Climbs Back to $59K Ahead of CPI Data

It’s reasonable to expect that the unexpected drop in June’s U.S. CPI print was priced in before its actual release, as both the cryptocurrency market and broader equity markets had experienced a strong rally prior to Thursday's data announcement.

The highly anticipated approval of ETH Spot ETFs in July hasn’t led to a noticeable outperformance of Ether against Bitcoin. The market believes that Ether will only attract around one-third as much capital as Bitcoin following the official ETF approval.

However, the potential approval of a Solana Spot ETF is still worthy of anticipation due to Solana's long-standing status as an "altcoin." Bitcoin and Ether have always been regarded as commodities by major regulators, including the Commodity Futures Trading Commission (CFTC). Even Gary Gensler, the current Chair of the Securities and Exchange Commission (SEC), didn’t object to such a classification earlier in his career. Furthermore, ETH Spot ETFs have already been approved in regions such as Hong Kong and Canada. As such, the prospect of Solana Spot ETFs is seen as more "unexpected" than ETH Spot ETFs.

The potential impact of a Solana Spot ETF listing could be profound, as it could potentially pave the way for the approval of Spot ETFs for many other altcoins.

Yet, it’s still too early to reach any definitive conclusions. 

Currently, only two issuers have filed for a Solana (SOL) Spot ETF — VanEck on June 27, 2024, and 21Shares on June 28. 

There hasn’t been any clear indication or hint from the regulator on a potential green light for these filings. When reflecting on the past, the approval process for ETH Spot ETFs experienced a notable U-turn when an abrupt change in attitude from the regulator transformed the seemingly impossible event into a solid approval. Given this precedent, it would be premature to make any firm predictions about the outcome of the pending Solana Spot ETF applications. The final decision by the SEC remains uncertain at this stage.

Why would the market still dare to dream about this prospect? According to Polymarket's betting ratios, Donald Trump was perceived to be the likely winner of the upcoming November presidential election. Trump is considered a pro-crypto candidate who accepts cryptocurrency donations for his political campaigns. With Trump potentially taking over the White House, the market believes that more crypto-friendly policies might emerge from the administration.

However, behind the hype, Solana remains significantly different not only from the Bitcoin blockchain but also from that of Ethereum. In terms of the number of stakeholders, Solana is perceived to have a much higher degree of centralization risk than Ethereum. Solana's development and network activities are largely driven by the Solana Foundation, which is believed to exert a more powerful influence over the network than the Ethereum Foundation does on the Ethereum network.

Regulators are primarily concerned about potential market manipulation risks. The token concentration of SOL is clearly higher than that of Ether. Although the top token holders of ETH are mostly exchanges and the Beacon Deposit contract, in our assessment, Solana has seen a much more concentrated pattern of token holdings, based on the current distribution and its relatively shorter history.

This heightened concentration in Solana's token distribution is likely to be a key consideration for regulators when evaluating the potential approval of a Solana Spot ETF. The concern over market manipulation stemming from such concentrated token holdings could pose a significant challenge for the Solana ETF applications.

Bitcoin Spot ETF Inflows Support Bitcoin’s Rebound; $54K Might Be a Short-Term Floor

Continuous inflows have supported Bitcoin's rebound to $59,000 from a bottom of approximately $54,000. In mid-August, we’ll see whether such 

 behavior is driven by institutional investors.

Nevertheless, the imminent selling of Bitcoin from the Mt. Gox distribution, as well as the Bitcoin 

 and U.S. governments, will continue to put a strain on Bitcoin’s price trend, which may lead to a lower chance of another record-high in the medium term. However, strong inflows during Bitcoin's first correction below $50K in 2024 might indicate that the $54K level is very strong support, and any upcoming corrections down to this level could present a good entry opportunity for those who missed the early 2024 rally.

Weekly Institutional Insights — Bitcoin Climbs Back to $58K, Solana ETF Excitement Might Be Next Catalyst for Another Rally

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards