Huang Renxun praised Bittensor for its "quite remarkable technical achievement," TAO rose 4.23% against the market trend

March 20th — Per LookOnChain monitoring, billΞ.eth (@0xbilly) sold 5,571 ETH 12 hours ago at an average price of $2,111. The transaction totaled $11.76 million in value and resulted in a $760,000 loss.

March 20 — Per data from the **Coinbob Popular Address Monitor** (https://t.me/Coinbob_track_CN), the "Strategy Whales" address (0x94d) closed out all its $1.05 billion BTC and ETH short positions over the past 8 hours, locking in roughly $1.75 million in total profits. Following profit-taking, the address immediately initiated long positions, with BTC trading at approximately $70,500 at the time. As of press time, its combined BTC and ETH long positions amount to $39.4 million, with a minor overall unrealized loss of roughly $10,000. Notably, this address is recognized for building large short positions in major cryptocurrencies during MicroStrategy’s (ticker: MSTR) heavy BTC accumulation spree in December. It favors contrarian trading to capitalize on both price upswings and downswings, profiting from swing trading strategies.

March 20th — WEEX has rolled out its AI Spot Trading Duel Challenge. **How it works**: - Users predict a designated coin’s price trend via AI analysis, then opt to go long or short. - Correct call? Earn a blind box reward (up to $10 USDT) per win. - 5 straight correct predictions? Score an extra reward (up to $30 USDT). Total prize pool: $300,000 USDT. **Event Period**: March 19 8:00 PM — March 24 7:59:59 PM (UTC+8). **Key updates**: - The predicted coin swaps out every 12 hours (multiple entries allowed; blind box rewards stack). - Centrifuge (CFG)’s second round is now live. - BTC’s third round goes live tonight at 8:00 PM (UTC+8).

**Bitcoin Spot ETF Flows (U.S.) – March 19 (as of March 20 Farside Investors Data)** U.S. Bitcoin spot ETFs posted a net outflow of $90.20 million yesterday, per Farside Investors’ March 20 monitoring. Fund-specific breakdown: - Blackrock IBIT: -$38.30M - Fidelity FBTC: -$26.00M - Bitwise BITB: -$17.20M - ARK ARKB: -$15.20M - Franklin EZBC: +$4.10M - ProShares BRRR: +$3.20M - Grayscale GBTC: -$5.50M - Grayscale BTCM: +$4.70M **Ethereum Spot ETF Flows (U.S.) – March 19 (as of March 20 Farside Investors Data)** U.S. Ethereum spot ETFs recorded a net outflow of $131.20 million on the same day. Fund flows: - Blackrock ETHA: -$102.30M - Blackrock ETHB: +$7.70M - Fidelity FETH: -$11.80M - Bitwise ETHW: -$5.80M - VanEck ETHV: -$7.10M - ProShares QETH: -$3.40M - Grayscale ETHM: -$8.50M Note: "Yesterday" refers to March 19 (per the March 20 reporting date).

On March 20th, VanEck Digital Asset Research Director Matthew Sigel posted on social media that Bitcoin’s 30-day moving average price fell 19%, but the spot price has stabilized. Market volatility has dropped sharply: realized volatility declined from 80% to 50%, while the futures funding rate slipped from 4.1% to 2.7%. On-chain activity has cooled: transfer volume is down 31%, daily fees have dropped 27%, and long-term holders are distributing their holdings at a slower pace. Miners, meanwhile, have mostly stuck to a “mine and sell” strategy, offloading nearly all newly minted bitcoins. The options market has hit a peak in defensive sentiment: the put/call open interest ratio averaged 0.77, a new high since June 2021; the premium of put options relative to spot volume reached a historical high of 4 basis points.

On March 20, TechCrunch reported that decentralized social media platform Bluesky has announced the completion of a $100 million Series B funding round. The round was led by Bain Capital Crypto, with participation from Alumni Ventures, True Ventures, Anthos Capital, Bloomberg Beta, the Knight Foundation, and other investors. Reportedly, the funding closed in April 2025 but was not publicly disclosed prior to this announcement.