Bitcoin (BTC) — Onchain News & Whale Tracking

Analyst: ECB Rate Cut Expectation May Further Drive Global Liquidity Easing, Benefiting Risk Assets Including Bitcoin

On March 6th, James Van Straten, a senior analyst at CoinDesk, stated that against the backdrop of increased volatility in the bond market, the European Central Bank is expected to cut rates from 4.5% to 2.65% on Thursday, continuing its loose monetary policy. As the anticipated loose policy is announced, the market is repricing the expectation that the Fed will cut rates at least three times by 2025. The loose policy that the European Central Bank is about to adopt will only intensify the momentum of global liquidity easing, providing a bullish signal for risk assets, including cryptocurrencies.

Bitcoin Drops Below $91,000

On March 6th, based on HTX market data, Bitcoin fell below $91,000, and it had a 24-hour increase of 2.9%.

The probability on Polymarket of "Trump establishing a strategic Bitcoin reserve within 100 days of taking office" has increased to 24%.

On March 6th, the probability on Polymarket that "Trump will establish a strategic Bitcoin reserve within 100 days of taking office" has increased to 24%. It previously dropped to 10% on February 21st. The trading volume of this prediction market has reached $8.47 million.

The options market believes that Bitcoin hitting $100,000 by the end of March has a 33.3% probability, and by the end of June, the probability is 48.64%.

On March 6th, according to the data disclosed by Deribit's official personnel, the options market holds that the probability of Bitcoin's price reaching $100,000 by the end of March is 33.3%, and by the end of June is 48.64%.

Yesterday's net inflow into the US Spot Bitcoin ETF was approximately $21.7 million

On March 6th: Yesterday, the net inflow of the US on-the-spot Bitcoin ETF was approximately $21.7 million, bringing to an end two consecutive days of net outflows.

Bitcoin Surges Above $92,000 Briefly

On March 6th, based on HTX market data, Bitcoin briefly rose above $92,000, showing a 24-hour increase of 4.49%.

Avalon Labs Releases 2025 Roadmap: Driving On-Chain Bitcoin Yield into Traditional Finance and Accelerating Compliance Strategy

On March 6th, the co-founder of Avalon Labs, Ve, officially launched the "Avalon Labs 2025 Roadmap - Breaking Through with Bitcoin," and announced this year's core strategy: using Bitcoin as a bridge to bring on-chain Bitcoin structured products into the traditional financial system and achieve a broader user base within a compliant framework. Avalon Labs believes that Bitcoin is the best medium to connect crypto finance with traditional finance, effectively spreading the principles and benefits of crypto finance and achieving deep interoperability between Web2 and Web3. By 2025, Avalon Labs plans to gradually apply for regional financial licenses and submit to the SEC the first application for a public fund based on Bitcoin debt, taking a significant step towards compliance. Furthermore, Avalon Labs' business focus will completely shift to Bitcoin over-collateralized lending and the expansion of the USDa ecosystem, aiming to increase revenue by serving institutional users deeply and

Bitcoin Rises 1.85% in the Past 1 Hour, Now Trading at $91,613

On March 6th, based on HTX market data, Bitcoin rose by 1.85% in the past hour and is currently trading at $91,613.

Past 24-Hour On-Chain Fund Flow: Bitcoin Net Inflow of $190 Million

On March 6th, based on Coinglass data, the top cryptocurrency spot inflows within the past 24 hours are as follows: - Bitcoin had a net inflow of $190 million. - APEX saw a net inflow of $29.6786 million. - BETH had a net inflow of $8.7521 million. The top cryptocurrency spot outflows are as follows: - USDC had a net outflow of $195 million. - USDT had a net outflow of $95.1592 million. - DOGE had a net outflow of $23.1799 million.

If Bitcoin falls below $89,000, the cumulative long liquidation strength of major CEXs will reach 394 million.

On March 6th, according to Coinglass data, if Bitcoin drops beneath $89,000, the cumulative intensity of long liquidation on mainstream CEXs will reach 394 million. Conversely, if Bitcoin surges above $91,000, the cumulative intensity of short liquidation on mainstream CEXs will reach 9258.7 million. BlockBeats Notes: The liquidation chart does not disclose the exact number of contracts to be liquidated or the precise value of contracts to be liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, intensity. Therefore, the liquidation chart shows to what degree the price of the underlying asset will be influenced when it reaches a specific level. A higher "liquidation bar" indicates that the price will undergo a more intense reaction due to a liquidity avalanche when it reaches that level.

Bitcoin Temporarily Drops Below $90,000

On March 6th, according to HTX market data, Bitcoin briefly fell below $90,000 and is currently trading at $90,024. Previously, this morning, Mt.Gox moved 12,000 BTC, which is worth approximately $1.09 billion.

Bitcoin Surges Above $91,000 Briefly This Morning

On March 6th, based on HTX market data, Bitcoin briefly rose above $91,000 this morning. It is currently trading at $90,948, with a 24-hour price increase of 4.12%.

South Korea's Bitcoin ETF Decision Enters Key Stage, Following Japan's Model

On March 6th, South Korea is gradually getting closer to a decision on a Bitcoin ETF. The Financial Supervisory Service of South Korea has reviewed the legislative trend of digital assets by the Japanese Financial Services Agency and shared it with domestic relevant institutions. Japan was previously cautious about digital assets but is now considering positioning cryptocurrencies as financial products and may lift the ban on crypto ETFs. Kim Soo-young, the vice chairman of the Financial Services Commission of South Korea, stated that they will "carefully review" a physically-backed Bitcoin ETF. It is worth noting that more than 30% of South Koreans invest in crypto assets. Despite facing political turmoil, the government is still moving forward with crypto regulation, including allowing charities and universities to sell cryptocurrency donations starting from the second half of 2025. (Cointelegraph)

Robinhood is hosting a limited-time giveaway, offering over $2 million in Bitcoin and Dogecoin rewards

On March 6th, according to official information, Robinhood is going to hold a trivia game themed around finance, economics, and cryptocurrencies within its mobile app. It will distribute more than $2 million worth of Bitcoin and Dogecoin rewards to participants. The first round of trivia will commence at 4:45 PM today (EST). Participants will be required to answer 12 multiple-choice questions, with each question having a time limit of 10 seconds. Users who answer all questions correctly will share the daily $1 million Bitcoin prize pool. If no one gets all the answers right, the pool will be divided among users with the most correct answers.

Bitcoin Surges Above $90,000

On March 6th, based on HTX market data, Bitcoin has spiked above $90,000 and is currently trading at $90,388.

Bitcoin Drops Below $88,000

On March 5th, based on HTX market data, Bitcoin dropped below $88,000, showing a 24-hour change of 6.2%.

Bitcoin Drops Below $89,000

On March 5th, according to HTX market data, Bitcoin dropped below $89,000, experiencing a 24-hour change of 4.7%.

The probability of the United States establishing a national Bitcoin reserve this year on Polymarket has risen to 68%.

On March 5th, according to the data on the official website, the probability of predicting "The United States will establish a national Bitcoin reserve by 2025" on Polymarket has increased to 68%. BlockBeats previously reported that at 6:00 pm on March 5th, U.S. Secretary of Commerce Howard Lutnick stated that Trump will announce a Bitcoin strategic reserve at the White House cryptocurrency summit, and "other tokens will be treated positively, but it will be different."

Bitcoin Surges Above $90,000

On March 5th, based on HTX market data, Bitcoin has seen a rebound and exceeded $90,000, registering a 24-hour gain of 7.96%.

U.S. Commerce Secretary: Trump to Announce Bitcoin Strategic Reserve at White House Crypto Summit

On March 5th, according to market information, U.S. Commerce Secretary Howard Lutnick declared that Trump is going to announce a Bitcoin strategic reserve at the White House cryptocurrency summit. "Other tokens will be given a positive attitude, but they will be treated differently."

Bitcoin Surges Above $89,000

On March 5th, based on HTX market data, Bitcoin saw a rebound and surged past $89,000, achieving a 24-hour gain of 6.70%.

Bitcoin Surges to Break $88,000

On March 5th, based on HTX market data, Bitcoin rose above $88,000 and is currently trading at $88,073, with a 24-hour increase of 5%.

Total Bitcoin Open Interest Across All Exchanges Drops to $47.59 Billion

On March 5th, based on Coinglass data, the total open interest of Bitcoin futures contracts on the network is 546,300 BTC (approximately $47.59 billion). Among them, the open interest of CME Bitcoin futures is 140,840 BTC (approximately $12.26 billion), ranking first. The open interest of Binance Bitcoin futures is 104,380 BTC (approximately $9.09 billion), ranking second.

The US Bitcoin Spot ETF saw a net outflow of $143.44 million yesterday.

On March 5th, based on Trader T's monitoring data, the US Bitcoin spot ETF witnessed a net outflow of $143.44 million the previous day.

Bitcoin drops below $87,000, now trading at $86,880

On March 5th, based on HTX market data, Bitcoin dropped below $87,000 and is currently trading at $86,880, with a 24-hour change of 0.13%.

El Salvador has once again increased its Bitcoin holdings this morning, with the current position standing at 6,101.18 BTC.

On March 5th, based on the data from the website of the Salvadoran Ministry of Finance, El Salvador made another purchase of 1 Bitcoin early this morning. This comes after purchasing 5 Bitcoins yesterday. The country now holds 6,101.18 Bitcoins, with a value of over $520 million. In the past 7 days, El Salvador has added 13 more Bitcoins, and in the past 30 days, it has acquired 45 additional Bitcoins.

The U.S. Treasury Department has sanctioned 49 Bitcoin and Monero addresses associated with the dark web marketplace Nemesis.

On March 5th, according to an announcement made by the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury, the U.S. government has placed 49 cryptocurrency addresses on its sanctions list. These addresses are under the control of Iranian national Behrouz Parsarad, who is identified as the administrator of the darknet marketplace Nemesis. The sanctioned addresses consist of 44 Bitcoin addresses and 5 Monero addresses. Before its closure, Nemesis had 30,000 active users and was involved in facilitating nearly $30 million worth of drug transactions during its three years of operation. According to OFAC, Parsarad made millions of dollars by charging transaction fees to users and is suspected of laundering money for drug traffickers and cybercriminals. Nemesis facilitated a wide variety of transactions, including drugs, personal identity data, forged documents, ransomware, and cybercrime tools (such as phishing attacks and DDoS tools).

Bitcoin Surges Past $88,000

On March 5th, according to HTX market data, Bitcoin rebounded and exceeded $88,000, seeing a 24-hour increase of 1.17%.

Bitcoin Surges Past $87,000

On March 5th, based on HTX market data, Bitcoin saw a rebound and exceeded $87,000. The 24-hour decline was narrowed to 0.49%.

Bitcoin Surges Past $86,000

On March 5th, based on HTX market data, Bitcoin has experienced a rebound and exceeded $86,000. The 24-hour decline has been narrowed to 3.85%.

Bitcoin Surges Beyond $85,000

On March 5th, according to HTX market data, Bitcoin saw a rebound and exceeded $85,000. The 24-hour decline was narrowed to 6.01%.

Bitcoin Surges Above $84,000

On March 5th, based on HTX market data, Bitcoin saw a rebound and exceeded $84,000. The 24-hour price decline narrowed to 6.78%.

A whale went 4x long on Bitcoin on HyperLiquid, entering at $82,684

On March 4th, as per the monitoring of OnchainLens, a whale deposited 2.15 million USDC into HyperLiquid and initiated a 4x leveraged long position on BTC. The entry price was $82,684, and the liquidation price was $59,343.

Bitcoin Drops Below $82,000

On March 4th, according to HTX market data, Bitcoin dropped below $82,000, with a 24-hour decline of 10.12%.

Bitcoin Surges Beyond $84,000

On March 4th, according to HTX market data, Bitcoin experienced a rebound and surpassed $84,000. The 24-hour price decline narrowed to 8.38%.

The American fast food giant In-N-Out Burger is asking the community whether it should accept Bitcoin payments

On March 4th, the US fast food giant In-N-Out Burger put up a message and inquired of the community: "Should In-N-Out start accepting Bitcoin payments?"

Analyst: Bitcoin ETF Outflows Slow, Retail Investors Likely ‘Selling Bottom’ Last Week

On March 4th, the cryptocurrency data analyst Emperor Osmo stated in a post that "The outflows of the BTC ETF are decelerating, suggesting that retail investors might have capitulated last week." "The tariff may have been digested by the market at this moment, and we may enter a period of consolidation. The rate cuts (anticipated to be 3 times in 2025) have not yet been factored into the market. There is an increase in the holdings of more BTC and other altcoins."

MARA Corporation Releases February Operations Data, Bitcoin Holdings Increase to 46,374 Coins

On March 4th, the U.S.-listed cryptocurrency mining firm Marathon Digital Holdings (MARA) released its operating data for February 2025. It was shown that the company mined a total of 706 bitcoins in February, and the daily production increased by 4% compared to the previous month. As of the end of February, MARA's total holdings of bitcoins have increased to 46,374 coins.

Bitcoin Drops Below $83,000

On March 4th, based on HTX market data, Bitcoin dropped below $83,000, experiencing a 24-hour price decline of 10.82%.

Analysis: XRP, ADA, and SOL Could Be Trump Cards to Ensure Bitcoin and Ethereum Strategic Reserves

On March 4th, as per Coindesk, "Asked for 1000, finally settled for 500." This constitutes a classic tactic in real estate negotiation. It involves starting with an extremely high asking price to gain an upper hand over the negotiating party and eventually reaching a deal at a lower price, which was the intended target. Former real estate tycoon and current U.S. President Trump appears to be employing a similar strategy to ensure the realization of his promised strategic cryptocurrency reserve, which includes Bitcoin and potentially Ethereum. Some observers think that bringing up alternative coins seems to be an extreme asking price approach aimed at overpowering the opposition (Congress) and creating leverage during discussions about the strategic cryptocurrency reserve. Eilan Sollet, the Senior Global Market Strategist at Marex Solutions, stated that "This statement may just be Trump's typical negotiation strategy. By advocating for the establishment of a strategic reserve includin

Analyst: Bitcoin's Long-Term Recovery Depends on Nasdaq 100's Upside Potential

March 4th: Presently, in the cryptocurrency market, all the gains have been wiped out subsequent to President Trump's announcement of the U.S. Cryptocurrency Strategic Reserve. It has plummeted by more than 14.7% within the past 24 hours and reached $2.64 trillion. The factors that have led to the recent drop in cryptocurrency prices might involve: the intensification of the U.S.-China trade war; investors seeking safe-haven assets as both U.S. stocks and crypto assets continuously show a correlation; the 50-week Simple Moving Average (SMA) facing strong resistance, which may potentially impede the recovery efforts. Analyst Stefan Luebeck holds the view that: "Considering the close correlation between BTC and U.S. tech stocks, Bitcoin's long-term recovery depends on the Nasdaq 100's capacity to rise. After Nvidia officially entered a bear market, Bitcoin and the cryptocurrency market have also been affected."

Over the past two weeks, over 25,000 bitcoins have been withdrawn from the exchange platform

On March 4th, according to on-chain analyst @ali_charts, in the past two weeks, more than 25,000 bitcoins have been withdrawn from exchanges.

Tokenization platform Hadron now supports Bitcoin Layer 2 network Liquid

On March 4th, Tether's asset tokenization platform, Hadron, is now operational on the Bitcoin Layer 2 network, Liquid, allowing for the tokenization of digital assets.

Mexican billionaire Ricardo has revealed that 70% of his investment portfolio is made up of Bitcoin-related assets.

On March 4th, as reported by Bloomberg, Mexican billionaire Ricardo Salinas disclosed that 70% of his investment portfolio is composed of Bitcoin-related assets, and 30% is in gold and stocks of gold mining companies. Ricardo Salinas intends to privatize his company Grupo Elektra SAB as early as May to get rid of the restrictions in the public market and operate the business independently. Salinas is currently engaged in a legal battle with the Mexican government over a tax dispute of 6.3 billion pesos (approximately $300 million) while trying to recover the funds lost due to loan fraud. In November 2023, Elektra applied for trading suspension to prevent the sale of Salinas's pledged loan shares, which led to a 70% decline in the stock price, causing his net worth to shrink by approximately $5 billion. Salinas stated that after privatization, Elektra will restructure its various business segments and may seek partnerships instead of relying on debt or equity financing.

Metaplanet has completed a fundraising round of approximately $87 million and will continue to accumulate Bitcoin.

On March 4th, as per an announcement from the Japanese publicly traded company Metaplanet, the large-scale exercise of the 13th and 14th series stock subscription rights was successfully completed through a third-party directed issuance, raising a total of roughly 12.97 billion yen (approximately 87 million US dollars). This financing was backed by EVO FUND, and a portion of the funds was utilized to prepay the previously issued 7th series unsecured bonds. Metaplanet intends to utilize this funding to continuously accumulate Bitcoin in order to enhance its digital asset investment strategy.

New York Stock Exchange listed company Cango increases its holdings by 472 Bitcoins, bringing the total holdings to 1,944 Bitcoins

On March 4th, as per Cointelegraph, the New York Stock Exchange-listed car trading service provider Cango augmented its holdings by 472 bitcoins, raising its total holdings to 1,944 bitcoins. Previously, BlockBeats reported that the car trading service provider Cango entered the Bitcoin mining domain in November 2024, investing $400 million to acquire 50 EH/s of hash rate and promptly becoming one of the largest miners in the world, accounting for approximately 6% of the hash rate behind Bitcoin. For reference, the world's largest publicly traded miner MARA Holdings (MARA) has a slightly over 47 EH/s hash rate, with the second-largest CleanSpark (CLSK) and Riot Platforms (RIOT) having 32 EH/s and 26 EH/s respectively.

Trader Eugene: Bitcoin's next key support level is at $75,000

On March 4th, Top Trader Eugene Ng Ah Sio put up a post stating, "With the benefit of hindsight, it is clearly a bearish retest that was followed by a strong rejection. Looking forward, I think we may have missed the opportunity. Attempts to go long should be limited to only the most favorable situations. The next key support level is anticipated to be $75,000. Keep risks at a low level and return to the capital protection mode."

Analyst: Trump's Tariffs Bring Global Economic Uncertainty, May Trigger Economic Recession, Impact Bitcoin and Cryptocurrency Prices

On March 4th, Julio Moreno, the Research Director of CryptoQuant, posted on social media, saying, "The tariffs imposed by Trump have brought an excessive amount of uncertainty to the global economy. If the tariffs persist for a long time, the likelihood of an economic recession is rather high." "Even though there is a positive regulatory environment and progress in US cryptocurrency reserves, this still has an impact on the price of Bitcoin and cryptocurrencies."

Gemini Co-founder: Bitcoin is the Only Asset that Meets the Store of Value Asset Standard

On March 4th, Cameron Winklevoss, a co-founder of Gemini, stated in a social media post that he is "enthused about the cryptocurrency strategic reserve plan but astonished by the digital assets under consideration. Bitcoin is the sole asset that fulfills the standard of a value reserve asset, and perhaps Ethereum also meets it. Digital gold and digital oil. This is analogous to the United States' physical reserve of gold (such as the Kentucky gold depository, the New York Federal Reserve Bank, etc.) and oil (strategic petroleum reserve). In the future, other assets may also attain this standard, but it is a very high threshold." That being said, "if the government were to obtain other digital assets (e.g., XRP, ADA, or SOL) through means like seizure or confiscation, I think this kind of storage would be acceptable, which is fundamentally distinct from actively purchasing these assets in the open market."

In the past 24 hours, Bitcoin has seen a net outflow of $660 million, ranking first

On March 4th, based on Coinglass data, within the past 24 hours, Bitcoin witnessed a net outflow of $660 million and ranked first. Ethereum saw a net outflow of $314 million and ranked second. The net outflows of other major cryptocurrencies are as follows: · SOL: $137 million · ADA: $114 million · XRP: $110 million · TRUMP: $70.73 million