A Whale with Tens of Millions in ETH Engaged in a High-level Position Closeout, Resulting in an Inverted Average Price to the Liquidation Price, with Liquidation Imminent at a Merely 0.48% Away

On March 31, Onchain Lens monitoring data shows the Bhutanese government transferred 325 BTC valued at $25.19 million. The address had previously sent BTC to a Galaxy Digital wallet, suggesting a potential sale.

March 31st: Per HyperInsight monitoring data (link: https://t.me/HyperInsight), ETH’s price broke above $2090 on high volume before coming under pressure. A whale wallet starting with 0x4ce opened a long position, first establishing a 9x-leveraged ETH long with an entry price of $2063. Within the next 10 minutes, the whale added to the position, increasing holdings by 3208 ETH at $2043—valued at roughly $6.55 million. After two rounds of position building, the total position now totals $13.68 million, with a weighted average entry price of $2052, a liquidation price of $1852, and a minor floating loss of approximately $21,000. The address’s remaining margin is now under $50,000, leaving little room for further position increases in the short term.

**Binance Update: Trading Pairs to Be Delisted on April 2** On March 31, Binance announced it will delist the following trading pairs at 11:00 AM Eastern Time (ET) on Tuesday, April 2: ALT/BNB, ARB/TUSD, BNB/ARS, GALA/ETH, INJ/BNB, SOLV/FDUSD, and XRP/TUSD. This aligns with U.S. news style: clear headline, specific time zone (critical for U.S. audiences), concise context, and scannable formatting.

On March 31, China’s Ministry of Foreign Affairs announced via Xinhua News Agency that three Chinese vessels recently transited the Strait of Hormuz, expressing gratitude for assistance from relevant parties. The strait and its adjacent waters are critical international trade routes for goods and energy. China has called for an immediate ceasefire to restore peace and stability in the Gulf region. Earlier today, U.S. government officials disclosed that President Trump has told his aides he is willing to end U.S. military action against Iran even if the Strait of Hormuz remains largely closed. This move could extend Tehran’s firm control over the waterway, leaving the complex task of reopening the strait to future administrations. In recent days, Trump and his team assessed that unblocking the vital waterway would exceed his 4-to-6-week timeline for the conflict. Per monitoring by PolyBeats (via https://t.me/PolyBeats_Bot), the probability of “the Strait of Hormuz reopening by the

March 31st — Per on-chain analyst Ai Auntie (@ai_9684xtpa), South Korean exchange Upbit launched the SKY/KRW trading pair today. Shortly after the listing announcement, wallet address 0x6c2…f3f14 withdrew 31.45 million SKY from the Sky staking contract and deposited the tokens into Binance. The transaction is valued at $2.46 million, with a deposit price of $0.078 per SKY and a current price of $0.072.

As of March 31, per HyperInsight monitoring, the USD/JPY exchange rate is approaching the 160 level—driven by a mix of rising crude oil prices, U.S. dollar strength, and Tokyo’s CPI growth hitting a nearly 4-year low. This has cooled market expectations for a Bank of Japan (BOJ) rate hike, putting the yen under pressure and weakening it. On Hyperliquid, a whale with an address starting with 0x58c ramped up its USD/JPY long position today, with minor pullbacks in between. Overall, the position is up ~16%, as the whale wagers on the pair breaking the 160 mark. Currently, the whale holds a 27x-leveraged USD/JPY long position with a size of $1.13 million. Its average entry price is 159.89, liquidation level is 154.77, and it’s sitting on a minor floating loss of 4.2%.