Tether CEO: Tether AI Team to Release a 'Truly Groundbreaking Achievement' This Week

On March 16, per Coinglass data, nearly $116 million in positions were liquidated across the entire network in one hour—with $113 million of that from short positions.

On March 16, per HTX market data, Bitcoin briefly topped $74,000, last trading at $73,882.58 with a nearly 2% gain over the past hour.

March 16th: Per Hyperinsight data, as the market rallied, the "buddy" account’s 25x ETH long position saw its unrealized profit ratio top 110%. Notably, the account shifted its strategy away from its past months’ pattern of "holding leverage through the entire rally" to taking profits and cutting leverage. As of press time, its 25x ETH long position has dropped to 7,575 ETH, with $1.26 million in profits over the past week.

On March 16, Axios reported that former President Donald Trump is weighing deploying ground troops to seize Iran’s Kharg Island—with the decision reportedly hinging on whether tankers remain stalled in the Persian Gulf. Trump is said to be working to assemble a coalition of nations to reopen the Strait of Hormuz, hoping to announce the initiative later this week. To date, no country has publicly committed to joining the alliance. Previous reports have noted Kharg Island accounts for 90% of Iran’s total oil output.

On-chain analyst Ai Auntie (@ai_9684xtpa) reported Wednesday, March 16, that ShapeShift founder and early Bitcoin backer Erik Voorhees bought 1,915.28 ETH in the past 5 minutes, worth $4.17 million. His newly added ETH holdings total $61.65 million, with an average cost of $2,112.19, spread across 22 addresses.

**Crypto Analyst Murphy Breaks Down BTC Options Structure Shifts** March 16th: Crypto analyst Murphy notes that March 20 expiry Gamma Exposure (GEX) shows ~$180 million in GEX near the $74,000 strike, in a long gamma structure. In this setup, market makers’ hedging typically suppresses volatility, pushing BTC to oscillate around $74k—effectively creating resistance at that level. However, post-March 20th (ahead of the next major expiry on March 27th), the options structure has shifted sharply: **Call Open Interest (OI) far outpaces Put OI**, signaling large institutional funds are betting BTC will rally toward $75,000. Murphy expects $75k to become BTC’s new focal point post-20th expiry. Volatility will flip from suppressed to amplified, with resistance near $80k and support in the $65k-$67k range.