A whale went 40x short on 650 BTC, liquidated at $71,711

On March 24, Jeffrey Gundlach—dubbed the "New Bond King" and CEO of DoubleLine Capital—stated the market is currently stagnant, with few assets delivering meaningful returns. He also warned pressure in the private credit sector could escalate if investors rush to cash out. "The market right now is like treading water: no real trend, nothing surging, nothing crashing. Over the past nine months, there’s barely any asset that’s made people big money," Gundlach said on a show. Gundlach noted the current macro environment bears similarities to the period just before the 2008 financial crisis. The private credit industry has been swamped by redemption requests far exceeding the 5% threshold. "Anyone who’s been through market volatility—even just half of what I’ve experienced—should know clearly: in the next liquidity window, especially for retail investors, redemption demand will be far higher than it was in March."

March 24: Pre-market trading for U.S. crypto-related stocks was mixed, per Bitget market data, with these notable moves: - MSTR: +0.01% - COIN: +0.06% - HOOD: -0.11% - ABTC: -0.52% - ALTS: +3.03% - BMNR: -0.33% - CRCL: -0.88%

March 24th — Per OnchainLens data, a whale deposited 39,969 ETH (valued at roughly $86.2 million) to Flowdesk’s Binance deposit address.

U.S. stock index futures edged lower on March 24, with S&P 500 and Nasdaq futures each down 0.1% and Dow Jones futures off 0.2%.

9 hours ago on March 24, per OnchainDataNerd data, Flowdesk transferred 6,088 ETH (≈$13.12M) and 1.62M LINK (≈$14.82M) to Binance.

On March 24, per OnchainLens data, a newly created wallet withdrew 10,899 ETH (worth ~$23.5M) from Binance for staking.