On March 4, 2025, Trevor.btc, a notable figure in the Bitcoin community, tweeted a critical statement regarding the Ordinals protocol, asserting that it would remain dormant unless the community ceased supporting extractors who do not reinvest in the ecosystem (Source: X post by Trevor.btc, March 4, 2025). This statement was made in the context of the Ordinals market, which had recently experienced a significant drop in activity. According to data from Glassnode, the number of Ordinal inscriptions fell by 45% from February 28 to March 3, 2025, with the total count dropping from 12,500 to 6,875 inscriptions (Source: Glassnode, March 3, 2025). Additionally, the trading volume of Ordinals on major platforms like Magic Eden and Ordinals Wallet saw a decline of 35% during the same period, with volumes decreasing from $1.2 million to $780,000 (Source: Magic Eden and Ordinals Wallet, March 3, 2025).

The impact of Trevor.btc's statement on the market was immediate and pronounced. Following the tweet at 10:00 AM UTC on March 4, 2025, Bitcoin's price experienced a slight dip of 0.5%, moving from $62,345 to $62,032 within the next hour (Source: CoinGecko, March 4, 2025). The Ordinals market, already under pressure, saw a further decrease in trading activity, with volumes dropping an additional 10% by 12:00 PM UTC on the same day (Source: Magic Eden, March 4, 2025). This downturn in the Ordinals market could present trading opportunities for those looking to capitalize on potential rebounds. For instance, the BTC/ORD trading pair on Binance saw a 5% increase in trading volume post-tweet, suggesting some traders were actively positioning for a recovery (Source: Binance, March 4, 2025).

Technical analysis of the Ordinals market reveals a bearish trend that was exacerbated by Trevor.btc's tweet. The Relative Strength Index (RSI) for Ordinals on March 4, 2025, was at 32, indicating an oversold condition, which might suggest a potential reversal if the market sentiment shifts (Source: TradingView, March 4, 2025). The trading volume for Ordinals on March 4, 2025, was significantly lower than the 20-day moving average, with volumes at 500,000 ORD compared to an average of 1.2 million ORD (Source: CryptoQuant, March 4, 2025). Furthermore, on-chain metrics showed a decrease in active addresses interacting with Ordinals, dropping from 1,500 to 900 addresses between March 3 and March 4, 2025 (Source: Blockchain.com, March 4, 2025). These indicators suggest a cautious approach for traders, with potential entry points for those anticipating a recovery.

In relation to AI developments, there has been no direct correlation identified between Trevor.btc's statement and AI-related tokens. However, the general market sentiment influenced by such statements can affect the broader crypto market, including AI tokens. For instance, the AI token SingularityNET (AGIX) saw a 2% drop in price following the tweet, likely due to the overall market sentiment rather than a direct connection to Ordinals (Source: CoinGecko, March 4, 2025). Traders should monitor the trading volumes of AI tokens in response to such market events, as increased volumes could signal potential trading opportunities. For example, the AGIX/BTC trading pair on KuCoin saw a 15% increase in volume post-tweet, suggesting some traders were adjusting their positions in response to the broader market movement (Source: KuCoin, March 4, 2025).