Mar 24, 2025: Our weekly Institutional Insights explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

 explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

Weekly highlight — retail buying continues

In a turbulent stock market facing trade issues and economic slowdown fears, retail investors are undeterred, increasing their investments despite mounting losses.

In the week ending Mar 19, 2025, individual traders invested over $12 billion into US equities, significantly above their 12-month average, according to JPMorgan Chase. This aggressive buying suggests that stocks may not have hit bottom yet, as retail investors typically hold on longer during downturns.

This behavior mirrors previous down years, such as 2022, when the equity benchmark fell 19%. Currently, retail investors are facing a 7% loss for the year, while the S&P 500 has dropped 3.7%.

Despite a sharp market sell-off in late February 2025, retail buyers remained active, contrasting with institutional investors who exited US stocks quickly. A recent Bank of America report showed significant stock inflows from both institutional and private clients, totaling $43.4 billion this year.

However, Wall Street sentiment is increasingly bearish, with several major firms downgrading their expectations for US equities. Individual investor sentiment has also weakened, with bullish views dropping below 20% for three consecutive weeks.

Disconnection between investor sentiment and actions is evident, highlighting that retail investors are continuing to invest despite prevailing bearish attitudes.

Weekly crypto highlight — Stablecoin bill on track for approval

A key US House committee is set to advance significant 

 legislation, a priority for President Donald Trump and the crypto industry. The House Financial Services Committee panel will review the bill on April 2, driven by bipartisan support from figures like New York Senator Kirsten Gillibrand and increased campaign funding for pro-crypto candidates.

Committee Chairman French Hill emphasized that a regulated stablecoin market could enhance the US dollar's dominance, modernize payments and improve financial access without government overreach. Crypto firms are advocating for stablecoins as a means to provide affordable and faster financial services globally.

Dollar-backed stablecoins are designed to bolster demand for US dollars, and are typically supported by highly liquid assets. However, critics, including Congresswoman Maxine Waters and Senator Elizabeth Warren, argue the legislation lacks consumer protections. They seek to ban tech companies like X and Meta from issuing stablecoins, and highlight concerns over the absence of safeguards such as FDIC insurance, as well as potential risks to deposit levels and credit access.

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Weekly Institutional Insights: Retail buying continues; Stablecoin bill might pass

Find out all the reasons why you should purchase Tomorrowland Brasil presale tickets with the Bybit Card in our detailed article!

 is one of the most anticipated events of the year. With world-famous DJs, surreal stage designs and an electric crowd, it’s no surprise that tickets get snapped up in minutes. If you’ve ever tried your luck at getting in through the general sale, you’ll know it’s not easy.

If you’re dreaming of dancing under the stars in Parque Maeda this year, there’s one secret weapon you need: the Bybit Card. Not only does it give you access to exclusive presale tickets, but it also unlocks a lineup of perks that make your entire festival experience smoother, smarter and way more rewarding.

Let’s dive into why using the Bybit Card is your best move if you want to be part of Tomorrowland Brasil 2025.

 is a crypto debit card that lets you spend your crypto or fiat anytime, anywhere Mastercard is accepted, online or in-person.

. It’s your gateway to living the crypto lifestyle with convenience, rewards and total flexibility. With the Bybit Card, you can choose to pay in crypto like BTC, ETH, XRP, TON, USDT, USDC, MNT or BNB, as well as in USD. Everything is linked directly to your Bybit wallet, so there’s no need for manual transfers or separate apps.

Users can enjoy up to 10% cashback just for using the card on everyday purchases. You’ll also get 100% rebates on popular subscriptions like Netflix, Spotify, Prime, ChatGPT and TradingView, making your spending work harder for you.

And the best part? You can start using your virtual card immediately after approval. It’s free to apply, and there’s no waiting around. All you need to do is verify your account, get your card and you’re ready to spend.

Why should you buy Tomorrowland Brasil presale tickets via Bybit Card?

Buying your ticket early is already a win — but using your Bybit Card to do it? That’s a whole new level of smart. Here's why:

Bybit is the sole official presale partner

Let’s start with the biggest flex: Bybit is the only official presale partner for Tomorrowland Brasil 2025. That means presale access is exclusive to users who hold a Bybit Card — and no one else.

From Mar 22, 2025 to Apr 3, 2025, you can register for the presale using a Tomorrowland account, and then buy your tickets from Apr 4, 2025, 10:00 BRT/15:00 CEST through Apr 6, 2025, 10:00 BRT/15:00 CEST before the general public even gets a shot.

No bots. No stress. No heartache. Just you, your Bybit Card and early access to one of the most iconic festivals on earth.

Yes, you read that right. Buying your tickets with a Bybit Card could score you bonus credits to spend inside the festival. Whether it’s drinks, food or merch, those extra funds mean you get more festival for less out of your own pocket.

It’s the kind of bonus that makes a real difference when you’re buying your third round of caipirinhas after dancing for hours.

Everyone wants that limited-edition Tomorrowland merch. But what if you didn’t have to queue for hours or fight the crowds for it?

Bybit Card users can gain access to exclusive, co-branded Tomorrowland x Bybit items — stuff you can’t find at the main merch booth or even online. This is your chance to grab a unique piece of festival history!

Festival tickets can be expensive — but here’s where the Bybit Card flips the script. 

New Bybit Cardholders who deposit 100 USDT in their Bybit account will be eligible for 10% cashback capped at 50 USD equivalent in local currency. 

Please note that this is not stackable with any other new user rewards campaign, and this promotion will end on Apr 9, 2025.

Virtual card design exclusive to Tomorrowland and Bybit

To celebrate this iconic partnership, Bybit is rolling out exclusive Tomorrowland-themed virtual card designs for a sleek, festival-ready look that’s all vibes and no fuss.

Whether you’re paying for late-night food trucks or splitting a hotel with friends, every tap of your card will feel like part of the experience. Furthermore, it’s a cool digital souvenir that lasts long after the music ends.

If you’ve ever sat in a ticket queue, watching the loading screen spin endlessly, you know how frustrating general sales can be.

presale access through the Bybit Card means you skip that chaos completely. You no longer have to deal with refreshing the page a thousand times — or having to wait till the end just to receive an error message that the tickets have been sold out. Just a clean, direct path to the dance floor.

Scalpers love Tomorrowland. Within hours of the general sale, tickets end up on resale platforms at 2x (or even 3x) the original price. And that’s not even counting the risk of scams or fake tickets.

By securing your tickets with Bybit Card during the presale, you pay the official price, and you can sleep easy knowing your ticket is 100% legit. 

Local Brazilian citizens can celebrate early as they enjoy 50% off Tomorrowland Brasil presale tickets when they purchase with a Bybit Card. This promotion will be applied upon checkout, and it only applies to one ticket.

If you’re planning to attend Tomorrowland Brasil 2025, there’s no better way to secure your spot than with the Bybit Card. As the only official presale partner, Bybit gives its cardholders exclusive early access to tickets before the rush and the stress — and before prices surge on the resale market.

But the benefits don’t stop at early access. From festival credits and exclusive merch to cashback rewards, a sleek Tomorrowland-themed virtual card and even rebates on your favorite subscriptions, the Bybit Card is more than just a ticket to the festival — it’s an upgrade to your entire experience.

No annual fees, with instant spending, crypto and fiat support, and real-world perks? That’s the kind of card you want in your pocket — not just for Tomorrowland, but for every day.

So don’t wait until the chaos of the general sale. Apply for your Bybit Card today, register for your Tomorrowland account before Apr 3, 2025, and be ready to grab your presale tickets from Apr 4, 2025, 10:00 BRT/15:00 CEST through Apr 6, 2025, 10:00 BRT/15:00 CEST. Let the music guide you — and let Bybit open the gates!

Beginner

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8 reasons you need to get Tomorrowland Brasil presale tickets via Bybit Card

Get priority access to Tomorrowland Brasil 2025 presale tickets with Bybit Card! Follow our step-by-step guide and enjoy 10% cashback on your purchase.

Ready to celebrate LIFE with Tomorrowland Brasil? Tomorrowland Brasil 2025 presents you with a mystical world of magical plants and flowers in the beautiful festival area of Parque Maeda in Itu, a municipality of São Paulo. If you're ready to party in a lush, otherworldly environment, then make sure to follow the following simple step-by-step guide to buy Tomorrowland Brasil presale tickets using the 

 is a mega festival for electronic music lovers to groove to their favorite beats across six stages set in an ethereal realm of lush magical nature. It will run for three days, from Oct 10–12, 2025 at Parque Maeda in the city of Itu, São Paulo in Brazil. 

The gathering offers five ticket types: Day Pass, Full Madness Pass, Comfort area, Exclusive N°1 area and a DreamVille package. If you're traveling from overseas, you can also buy an all-inclusive Global Journey Travel Package. You'll enjoy more convenience with this package, as it includes the Festival Pass, hotel or DreamVille accommodation, access to The Gathering (an exclusive pre-party) and daily transfers between your boarding location, your accommodation and the festival itself.

Bybit is Tomorrowland Brasil's sole official presale partner, offering Bybit Cardholders the exclusive chance to buy festival presale tickets. To purchase tickets at the presale, you must pre-register for Tomorrowland Brasil at

. Registration runs from Mar 22 to Apr 3, 2025, and the presale will be held between Apr 4, 2025, 10:00 BRT/15:00 CEST–Apr 6, 2025, 10:00 BRT/15:00 CEST. 

Brazilian citizens can enjoy the ticket purchase at half price. If you're not a Brazilian citizen, you can still receive a 40% discount on your ticket by selecting the Social Ticket category. This option automatically includes a 30 BRL ($R30.00) donation to an institution chosen by the Tomorrowland Foundation.

How to buy Tomorrowland Brasil presale tickets with Bybit Card

To participate in the Tomorrowland Brasil presale, you’ll need to own a Bybit Card. If you still don't have a Bybit Card, you must first apply for one. The Bybit Card comes in two versions: Physical and Virtual. The Bybit Virtual Card is free, and can be used to 

 immediately after you’ve successfully applied and been approved. If you're a new Bybit Cardholder purchasing a presale ticket with a Bybit Card, you can also 

 that you must register before the presale date.

:Go to your Tomorrowland Account and click on the 

 button. Before the ticket sale, check the different ticket types to ensure you select the correct ticket and date. (

: It’s recommended that you purchase your ticket

 from a desktop device. If you choose to purchase via a mobile device, make sure your screen doesn’t get locked, as the website may automatically reload and you’ll have to reenter the queue.)

Enter the first 8 digits of your Bybit Card.

 Select the number of tickets (which will come as a Bracelet) to buy. You can purchase up to six tickets per Tomorrowland Account. 

 Upon selecting your desired purchase, you’ll be redirected to the 

onfirm that you’ve read, understood and accepted the terms and conditions of the event before proceeding to 

 You’ll be prompted to authenticate your device via email or mobile number. Enter the 4-digit PIN code sent to your email or mobile number, and clickon 

 Verify your personal details, and click on 

Select how you want to receive your Bracelet, either via delivery or pickup, then click on 

. If you’ve chosen the delivery option, you’ll receive the Bracelet in a Treasure Case. You can then activate it and top it up with Pearls. If you’ve chosen to pick up your Bracelet, you can collect it at the Bracelet Pickup Desk on the day of the event. 

 that the pickup option excludes the Treasure Case.

:Pay for your ticket using your Bybit Card: enter your card details and click on

 After successfully making payment, you’ll receive a confirmation email with all the details of your purchase and a link to personalize your ticket. You won't receive your e-ticket yet, but the email will contain a voucher with your order number and the delivery address you confirmed at the time of checkout. Make sure to keep this email until the end of the festival, as the voucher serves as a receipt of your purchase. You can also click on 

to confirm the details of your ticket purchase.

Personalize your ticket/Bracelet by filling in your personal data. Note that the name you indicate has to match the name on your identification document; if not, you may be denied access to the festival. If you’ve purchased the ticket for a friend(s), you’ll need to fill in the data of the respective participant(s). 

Not only does having a Bybit Card give you the opportunity to purchase Tomorrowland Brasil presale tickets, but you can even enjoy 10% cashback with your purchase if you’re a new Bybit Cardholder. If you still don’t own a Bybit Card — what are you waiting for? 

 now and purchase your Tomorrowland Brasil presale tickets to enjoy the best electronic festival experience of your life — and more!

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A step-by-step guide to buying Tomorrowland Brasil presale tickets 2025

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

Global asset prices stabilized this week, with cryptocurrencies maintaining a strong correlation to US equities during the recovery. BTC is trading above $85K, and ETH has regained the $2K mark. Despite this, derivatives market activity remains low, with negative funding rates for major tokens like BTC, ETH and SOL. Demand for short-dated options, which had surged for downside protection, has decreased as realized volatility has subsided.

Please check out the report’s highlights.

Short-term protection falls as the market calms

A quieter spot market corresponds with a calmer options market. While lower realized volatility hasn't restored BTC's term structure of at-the-money implied volatility to an upward slope (as it has for ETH), short-dated volatility has decreased. The recent pause in a month-long sell-off has stabilized option markets and sharply reduced demand for short-dated protective puts.

Lower realized volatility in ETH’s spot price has reversed the at-the-money implied volatility term structure, leading to reduced volatility expectations. However, options activity remains significantly lower than at the end of February 2025, with modest open interest in longer-dated contracts and the rollover of expired weekly options. Demand for call options is exceeding that for puts, as ETH's spot price has rallied to the key $2K level.

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Bybit X Block Scholes crypto derivatives analytics report (Mar 21, 2025): Short-term protection subsidies as sentiment reverses

Bybit Learn

Live ICYMI

In our latest Learn 101 livestream session, crypto experts shared insights on Bitcoin's next move and the potential for an altseason.

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Given Donald Trump’s implementation of 

 on countries around the world, markets have been shaken. This extends to the crypto market. Many investors wonder if Bitcoin’s current decline is the start of a trend, and perhaps 

 provides a recap of our Learn 101 livestreams, offering you comprehensive expertise and insights from leading figures in the crypto industry, in case you miss the livestream.

Joining the livestream on Feb 12, 2025, were three distinguished guests: 

Under the moderation of Racheal Koh, Global Content Marketing at Bybit, this episode explores the impact of Trump’s tariffs on Bitcoin and the potential for an altseason.

Trade War Domino Effect: Did Bitcoin Just Get Caught in the Crossfire?

Donald Trump’s new tariffs have impacted global markets, and with 

 still trading below $100,000, the crypto markets appear to be feeling the strain as well. When asked if the market is overreacting, Bene Lee reminds us that the crypto space has historically seen worse sell-offs. He believes hedge funds are likely off-loading risk in response to market uncertainty. While this short-term reaction may seem exaggerated, it’s economically justified.

Eamonn Gashier cautions traders against reading too much into the current price movements. He notes that crypto often moves in tandem with U.S. hedge funds — when the funds shift, crypto prices follow. The tariffs are acting as a headwind for crypto, as they do for other risky assets. Gashier also points to regulatory developments and supply-demand dynamics as key drivers of Bitcoin’s value. Looking beyond the short-term noise, he views Bitcoin as a solid hedge against inflation in the medium-to-long term.

 over longer time horizons. In the short term, however, equity market trends will likely dominate Bitcoin’s price action, leading to volatility — but with an expected upward trend over time. He also highlights the concept of "sticky money" from institutional investors — capital that moves slowly, but signals strong market conviction. According to Gashier, institutional inflows and outflows can be a reliable indicator of market direction.

When asked if the current tariff situation signals a major market shift or just another bump in the road, Andrew Melville compares crypto to "the little train that keeps on going," pointing to ongoing interest from corporations, institutions and pension funds in adding crypto to their investment strategies. He notes that Bitcoin’s price movements are increasingly correlated with tech stocks and the broader S&P 500.

Melville believes it’s too early to determine whether traders should retreat due to increased risk, especially given the current U.S. regulatory environment — which, he notes, is far more favorable to crypto than it was during the 

. As a result, he sees today’s market conditions as distinct from those of 2022.

Lee adds that retail investor sentiment and outflows are major drivers of emotional trading behavior. Gashier follows up by noting that crypto sometimes behaves more like a currency than an asset, making 

 especially difficult. However, he advises watching for signs of a longer downward trend, such as Bitcoin’s correlation with equities, sustained institutional activity and shifts in regulatory policies.

The Alt Season Question: Is Capital Rotating Away from Bitcoin?

Historically, when Bitcoin declines, capital often flows into Ethereum (ETH) before reaching riskier altcoins. Melville emphasizes that the 

: when money exits high-risk projects, it typically returns to Bitcoin. He shares a chart indicating that, based on past cycles, Bitcoin is overdue for a shift into a bear market. However, he notes that this cycle may deviate from previous patterns, due to significant market changes in recent years.

Lee highlights altcoin season as a key risk indicator, explaining that understanding its phases can help traders adjust their strategies for maximum gains. Currently, Ether and altcoins are showing limited movement. He attributes this to institutional investment propping up Bitcoin’s price, which is delaying the typical capital rotation into altcoins.

Melville adds that Ether has underperformed during the current cycle, which could stem from two factors: increased institutional focus on Bitcoin, and competition from high-performing 

Gashier reinforces this view, pointing to Ethereum’s high transaction fees and the emergence of more efficient alternatives as key reasons for its lagging performance. He notes that the market has matured, and price movements are now more fundamentally driven than before. While history may not repeat itself exactly, Gashier reminds us that it often echoes.

How to Trade Smart in an Uncertain Market

Melville emphasizes the importance of recognizing the shift into an altcoin market. To do this, he advises closely monitoring the performance of altcoins relative to Bitcoin, as these trends often signal the start of a broader market rotation. He also notes that narratives typically emerge before major market moves, but cautions against buying into them too early without supporting data.

, recommending that traders scale into positions gradually, rather than investing all of their capital at once. He also suggests considering 

 to effectively manage risk, based on individual experience and skill level. Additionally, he stresses the importance of portfolio balance, particularly in uncertain markets.

Drawing from personal experience, Lee warns against chasing hype during the start of an altcoin season. Instead, he advises conducting thorough research and making decisions based on both fundamental and technical analysis, focusing on high-quality projects. He reminds traders that, regardless of the project, long-term success comes from staying in the market, rather than attempting to time it perfectly.

This Learn 101 livestream provides valuable insights into 

 Our experts agree that it’s still too early to determine whether we’re entering an altcoin season, or if Bitcoin is simply facing a temporary setback. In order to navigate the market effectively, stay sharp — and monitor key trends and indicators to make informed, strategic trading decisions.

Learn Live ICYMI: Decoding Bitcoin’s Next Move Amid Trade Tensions

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