Bitcoin Breaks $71,000, 24-hour Gain 1.47%

March 25th — Backpack founder Armani noted that the team’s witch-hunt unit is re-evaluating more complex cases, thanking everyone who’s supported our efforts. Yesterday, Armani and the core team were preparing to immediately launch an appeal channel and establish clear rules to best protect user interests. For any device linked to 3 or fewer accounts that was flagged as a “witch,” over 50% of the associated tokens will be returned upon successful manual appeal verification. Additionally, the Backpack team will roll out a special initiative in the coming days to repurchase tokens on the secondary market for targeted compensation to eligible users.

March 25: Per Hyperinsight monitoring (link: https://t.me/HyperInsight), among whales on Hyperliquid with positions exceeding $10 million, the whale with an address starting with 0xedf is nearest to liquidation. Currently, it holds a 500 BTC short position with 25x leverage—equivalent to ~$35.6 million—at an average entry price of $70,274. Its liquidation price is $72,685, roughly 2.1% from being liquidated. The whale has set 18 buy orders totaling ~500 BTC in the $71,240–$72,420 range, intended to reduce its position and stop-loss if BTC climbs into this zone. Simultaneously, it has placed ~200 buy orders below current levels, aiming to take partial profits if BTC falls below $69,500—with downside targets extending to $63,500.

**Binance to Delist Multiple Spot Trading Pairs** Binance will delist and cease trading for the following spot pairs on March 25, with the delisting taking effect at 11:00 UTC+8 on March 27, 2026: - Binance Life/TRY - ALT/BTC - CYBER/BNB - CYBER/ETH - CYBER/FDUSD - JUV/USDC - LSK/BTC - SAND/BTC - VET/BTC The exchange noted it regularly reviews all listed spot trading pairs to protect users and uphold a high-quality market. Delistings may occur due to factors like insufficient liquidity and trading volume.

On March 25th, Cointelegraph reported that 500 Bitcoin (BTC) linked to an Irish drug dealer moved on-chain earlier that day after nearly 10 years of dormancy. Subsequently, Ireland’s Criminal Assets Bureau (CAB) announced that, with technical support from the European Cybercrime Centre (EC3), it had successfully cracked a Bitcoin wallet once thought to have permanently lost its private keys—and seized the 500 BTC within, valued at over $35 million. Convicted drug trafficker Clifton Collins purchased roughly 6,000 BTC using drug trafficking proceeds between 2011 and 2012. He stored the funds across 12 wallets, printing private keys on an A4 sheet and hiding it in the aluminum cap of a fishing rod case at his rented home. In 2017, after Collins was arrested and imprisoned, his landlord discarded the paper while cleaning out his leftover belongings—causing the private keys to disappear. In total, Collins controls 14 addresses holding approximately 5,500 BTC, currently worth ov

**March 25** — Data from HyperInsight monitoring shows WTI crude oil fell more than 4% intraday following news of the U.S. proposing a one-month ceasefire. As of now, WTIOIL on Hyperliquid is trading at $89.1. Meanwhile, three whales (0x925, 0x9ae, 0xde8) on the platform simultaneously opened long positions on WTIOIL amid today’s oil price dip. Each position is in the seven-figure range, totaling roughly $3.2 million. Their average entry prices cluster between $87.9 and $88.6, and all are currently holding unrealized profits. Among the trio, the liquidation price closest to current levels is $85.99 — signaling they anticipate oil won’t drop below $86.

March 25: AI data marketplace Perle Foundation has announced its PRL token claim portal will go live today at 19:00 UTC+8. Binance previously stated that participation in the Perle Labs (PRL) TGE event requires a minimum of 242 Alpha points, with 15 points deducted upon entry. The event runs today from 16:00 to 18:00 UTC+8.