Bitcoin (BTC) — Onchain News & Whale Tracking

France's Second-Largest Bank Offers Six Bitcoin and Ethereum ETN Products to Retail Customers

As of March 30, France’s second-largest lender BNP Paribas is offering retail customers six Bitcoin and Ethereum ETN products through standard securities accounts, per Cointelegraph — a move that simplifies access to crypto asset investments.

Willy Woo: Traditional on-chain models indicate that the Bitcoin price bottom is between $46,000 and $54,000

March 30: Crypto analyst Willy Woo noted that some traditional on-chain models point to Bitcoin’s (BTC) bottom falling roughly between $46,000 and $54,000, while also flagging a potential waiting period. Capital parked in Bitcoin has been flowing out since November, though it’s important to note these models have limitations. These models rely on historical behavior, and Bitcoin has only seen four bear markets in its history—all of which unfolded amid a long-term bull market for risk assets. If this foundation breaks, we could enter uncharted territory (a deeper bear market). Finally, my personal view is that the probability of a deeper bear market is quite high due to the potential breakdown of the long-term global macro bull market structure.

Bitcoin Short-Term Rebound Surges Above $67,000

On March 30, Bitcoin saw a short-term rebound, surpassing $67k, according to HTX market data. As of press time, it’s trading at $66,935, with a 24-hour gain of 0.78%.

Houthi Armed Group Involved in Middle East Conflict, International Oil Price Rises on Monday, Bitcoin Downtrend Continues, Dropping to $65,000

March 30th — As Houthi forces in Yemen officially entered the Middle East conflict and additional U.S. troops deployed to the region, international oil prices climbed. Concerns over escalating conflict intensified, further threatening energy market stability. Brent crude rose more than 2.4% intraday to $107.93 a barrel. U.S. stock index futures opened lower Monday, with all three major index futures falling over 0.5%. Per HTX market data, Bitcoin dropped to $65,000 this morning and has since rebounded to $66,068, down 0.57% in the past 24 hours. Total liquidations across the network hit $277 million over the period, including $234 million in long positions and $43.63 million in short positions.

Strategy Bitcoin Holding currently at a loss as the market value has dropped further to 12.3%, approximately $7.1 billion

March 29 — Per HTX market data, Bitcoin has fallen 1.02% in the past 24 hours, currently trading at $66,362. Strategy’s Bitcoin holdings now show an unrealized loss of 12.3%, equivalent to roughly $7.1 billion. As of March 22, 2026, Strategy holds a total of 762,099 bitcoins, with a total cost basis of approximately $57.69 billion and an average cost per bitcoin of around $75,694.

El Salvador's Bitcoin Holdings Surpass 7,605 BTC, Currently Valued at Around $506 Million

On March 29, El Salvador’s Bitcoin holdings stand at 7605.37 BTC, valued at roughly $506 million, per the country’s Bitcoin Office.

Bitcoin Records Second Consecutive Six-Month Drop, Previously Soared 208% After First Six-Month Drop

As of March 29, Bitcoin’s monthly return for March stands at -0.76% per Coinglass data—putting the leading cryptocurrency on track for a sixth straight monthly decline. Bitcoin has only seen such a consecutive monthly drop streak once in its history: a 6-month cumulative decline of ~54.8% spanning August 2018 to January 2019. That downturn was followed by 5 straight months of gains (February–June 2019) with total returns reaching 208.1%.

If Bitcoin drops below $65,000, the mainstream CEX long liquidation pressure will reach $743 million.

As of March 29, Coinglass data shows that if Bitcoin drops below $65,000, cumulative long liquidations across major centralized exchanges (CEX) will total $743 million. Conversely, if Bitcoin rises above $68,000, cumulative short liquidations on these major CEX will reach $621 million. BlockBeats Note: Liquidation charts do not display the exact number or value of contracts being liquidated. Instead, the bars reflect how significant each liquidation cluster is relative to adjacent clusters — i.e., its "strength." This means the chart indicates how strongly the underlying asset’s price will react when it hits a specific level: a taller bar signals a more intense price response driven by a liquidity cascade once that threshold is reached.

Analyst: Bitcoin Key Resistance at $72,500, Could Face Continued Pressure in Coming Months

**CryptoQuant Analyst Darkfost: BTC’s Adjusted Realized Price (~$72.5k) Acts as Resistance** On March 29, CryptoQuant analyst Darkfost stated: “BTC has yet to reclaim its realized price excluding long-term inactive supply. Excluding Bitcoin held for over 7 years—filtering out lost coins and ‘diamond hands’ with long-term inactive holdings—better reflects actual circulating supply. Under this adjustment, BTC’s realized price is ~$72,500, currently acting as a resistance level.” BTC has traded below this level for roughly two months. In every prior bear market cycle, BTC stayed below this cost basis for 6–10 months without effectively reclaiming the level in that period. Should this pattern hold, BTC could face continued pressure in the coming months, with prices likely staying below $72,500.

Bitcoin Breaks $67,000, 24-hour Gain 1.38%

On March 29, Bitcoin climbed above $67,000, per HTX market data, with a 1.38% gain over the past 24 hours.

Analysis: Bitcoin is situated at the lower end of the new buyer's cost basis range, with upward momentum still not clearly formed

On March 29, Glassnode noted in a post that Bitcoin is currently trading at the lower end of the New HODLer Cost Basis range ($60,000 to $70,000). Supply accumulation in this price band is more noticeable, yet the density of the current chip cluster remains relatively low compared to historical precedents that fueled strong recoveries. Morphologically, the current accumulation structure is constructive, but it still lacks strength and has yet to form a clear upward momentum signal.

Morgan Stanley Bitcoin Physical ETF has a management fee of 0.14%, lower than all competitors

On March 28, Morgan Stanley filed an amended S-1 with the U.S. Securities and Exchange Commission (SEC) for its proposed spot Bitcoin ETF, MSBT. The firm announced the ETF will charge a 0.14% annualized sponsorship fee—making it the lowest-cost spot Bitcoin ETF in the U.S. if approved. Should the ETF receive regulatory approval, its fee would undercut Grayscale’s Bitcoin Trust (0.15%) and be 11 basis points lower than the 0.25% fees charged by BlackRock and Fidelity’s spot Bitcoin ETFs. Morgan Stanley plans to list MSBT on the New York Stock Exchange (NYSE) with an initial 10,000 shares and $1 million in seed investment. Custody will be handled by Coinbase and BNY Mellon, with the ETF expected to launch in early April. Analysts note the pricing is a smart, competitive move likely to drive asset migration: Previous fee differentials have led to significant outflows from Grayscale’s Bitcoin Trust to competing products.

MIchael Saylor Releases Bitcoin Bullish Signal

On March 28, Michael Saylor took to social media, writing: "It's time to put the laser eyes back on" — signaling bullishness.

Bitcoin Short-Term Price Surges Above $67,000

On March 28, Bitcoin briefly topped $67,000, per HTX market data. It’s currently trading at $66,960.38, with a 0.76% hourly gain.

Goldman Sachs Analyst: Bitcoin Price May Have Hit Cycle Bottom, But Trading Volume or Further Decline

**March 28: Goldman Sachs on Crypto Market Trends** Goldman Sachs analyst James Yaro said in a research report on March 28 that Bitcoin and the crypto market’s decline has roughly hit the historical average peak-to-trough level for this cycle. In recent weeks, Bitcoin and crypto-related stocks have been volatile but have stabilized. However, Yaro warned trading volume could fall further. In a low-volume environment, Bitcoin prices are prone to sharp swings, and any rebound may struggle to hold. He noted a meaningful rebound typically emerges about three months after volume hits a bottom. If volume keeps declining, crypto firms could see 2% lower revenue and 4% lower profit in 2026. Goldman Sachs currently holds "Buy" ratings on Robinhood, Figure Technologies, and Coinbase—each down at least 50% from their all-time highs. Yaro said digital asset-related assets are increasingly attractive entry points. Last month, Goldman Sachs CEO David Solomon revealed at the World Liberty

Coinbase Bitcoin Premium to Further Expand, Signaling US Investor-Led Correction

March 28 — Coinglass data shows Coinbase’s Bitcoin negative premium has widened since March 19. Over the same period, Bitcoin has fallen from $74,000 to its current level of $66,000, confirming this pullback is led by U.S. investors.

The 2013 whale who accumulated 5,000 bitcoins at a low price continues to sell, sending another 500 coins to Binance yesterday.

On March 28th, per Arkham’s monitoring, an OG who purchased 5,000 Bitcoin in 2013 at an average price of $332 has again taken profits—transferring 500 Bitcoin to Binance. His last sale occurred just a week prior, when he sent 1,000 Bitcoin to the exchange.

Bitcoin Price Below $60,000: Breakeven Cycle May Extend to 2027, Whale Selling Pressure Intensifies Downside Risk

March 28, Cointelegraph reports latest data showing Bitcoin’s recovery to its all-time high could be delayed until 2027 if it falls further below $60,000. Analysis notes Bitcoin has retraced ~48% from its 2025 peak near $126,000. Historically, each additional 10% drop extends the average recovery period by ~80 days. A $60,000 bottom would mean ~300 days to rebound—but a dip to $40,000–$45,000 (pushing total retracement above 60%) could stretch recovery to ~440 days, pushing the timeline to post-Q2 2027. On-chain indicators also signal the bottom hasn’t been confirmed. The Blockchain Coincidence Index (BCMI) currently sits at ~0.27, above its historical bottom range (0.12–0.15)—pointing to potential further downside. Fund flows show whale selling is ramping up pressure: large holder selling has hit an 18-month high, while liquidity in both spot and derivatives markets is weakening simultaneously. Institutions say the market is in a deep correction; a continued tight macro envir

Binance OTC Trading Volume Surges: Two-Month Volume Reaches 25% of Last Year, Institutional Funds Accelerate Bitcoin Entry

March 28th — Binance released its March 2026 Over-the-Counter (OTC) and Execution Services Report on Saturday, noting a sharp rise in institutional demand since the start of the year. OTC trading volume in the first two months of 2026 has reached 25% of 2025’s full-year volume, reflecting large institutional funds’ growing reliance on off-exchange liquidity and execution services. The report notes that amid macroeconomic and geopolitical uncertainty, Bitcoin traded between $60,000 and $78,000 in February, yet institutional capital continued to flow in. BTC’s share of OTC trading jumped from 4.91% in January to 45.81% in February. Inflows in stablecoins and fiat currencies also rose significantly, signaling bottom-fishing activity. Binance OTC also demonstrated its prowess in executing complex trades: a $105 million WBETH-to-ETH swap was completed in 2 hours with roughly 50 basis points (bps) slippage—about 75% better than optimized order book execution—sharply improving fund efficien

Yesterday, the U.S. Spot Bitcoin ETF saw a net outflow of $2.255 billion, marking the second consecutive day of net outflows

On March 28, Farside data shows the U.S. spot Bitcoin ETF recorded a net outflow of $225.5 million yesterday—its second straight day of net outflows.

Miner Collective Transition to AI: Mining Cost Inversion Nears $20,000, Bitcoin Sale Raises $7 Billion for Mining Power Transformation

**March 28 – A new industry report shows the Bitcoin mining sector is undergoing a structural shift.** By Q4 2025, average mining costs for listed firms have climbed to ~$80,000 per coin—while Bitcoin trades at just ~$70,000, leaving a nearly $20,000 per-coin loss that makes the industry’s profitability model unsustainable. In response, mining companies are ramping up moves into Artificial Intelligence (AI) and High-Performance Computing (HPC) infrastructure. To date, the sector has signed contracts worth over $70 billion, with some firms targeting 70% of revenue from AI by end-2026 as they transition into data center operators. Funding for this shift comes mainly from two sources: leveraged financing and Bitcoin reserve sell-offs. Listed miners have collectively offloaded over 15,000 BTC—including Core Scientific, Bitdeer, and Riot Platforms—continuing to sell holdings to fund AI expansion. This trend, however, poses potential network security risks. As miners reallocate c

A whale is suspected to have sold 4,500 Bitcoins via an OTC platform, worth around $295.5 million.

March 28 — Per Lookonchain monitoring, a whale reportedly offloaded 4,500 BTC (valued at approximately $295.5 million). Eight hours prior, NYDIG transferred the 4,500 BTC to Wintermute, Cumberland, FalconX, B2C2 Group, and Galaxy Digital — likely to facilitate the sale.

Trump Endorses Cryptocurrency: U.S. to Become Global 'Bitcoin Superpower'

March 28 — At the Future Investment Initiative Summit in Miami, former U.S. President Donald Trump delivered new comments on cryptocurrency development Wednesday (March 28). Trump stated the U.S. will become the world’s “undisputed superpower of Bitcoin and cryptocurrency,” and bluntly called Bitcoin “very powerful.” He noted that more people are turning to cryptocurrency for payments, and this trend is accelerating. Trump also emphasized the U.S. needs to retain a leading position in crypto assets and related financial innovation to secure its dominance in the evolving global financial system.

Bitcoin Falls Below $66,000, 24-hour Loss of 4.12%

On March 27, Bitcoin dropped below $66,000, per HTX market data, with a 4.12% decline over the past 24 hours.

Bitcoin Drops Below $67,000

March 27: Bitcoin fell below $67,000, per HTX market data, posting a 3.66% 24-hour decline.

If Bitcoin drops below $66,000, the mainstream CEX long liquidation volume will reach $607 million.

On March 27, data from Coinglass shows that if Bitcoin falls below $66,000, the cumulative long liquidation intensity across major centralized exchanges (CEXs) will reach $607 million. Conversely, should Bitcoin climb above $69,000, the cumulative short liquidation intensity for these mainstream CEXs will hit $638 million. BlockBeats Note: Liquidation charts do not show the exact number of contracts facing liquidation or their precise value. Instead, the bars on these charts reflect the importance of each liquidation cluster relative to its neighboring clusters—i.e., their intensity. Accordingly, the chart illustrates how significantly the underlying asset’s price will be impacted when it hits a specific level. A taller "liquidation bar" means the price will trigger a more intense reaction upon reaching that level, driven by a liquidity cascade.

Bitcoin Price Falls Below $68,000

March 27: Bitcoin dropped below $68,000, posting a 3.02% 24-hour decline, per HTX market data.

Against the backdrop of increasing global uncertainty, Bitcoin whales have accumulated an additional 61,568 BTC in the past month.

On March 27th, on-chain analytics firm Santiment reported (via Cointelegraph) that amid rising Middle East tensions and macroeconomic uncertainty, Bitcoin “whale” and “shark” addresses (holding 10–10,000 BTC) accumulated 61,568 BTC over the past month, boosting their holdings by 0.45%. Small wallets with less than 0.01 BTC also added 213 BTC, a 0.42% increase. This aligns with March’s ongoing net Bitcoin outflows from exchanges, signaling holders are leaning toward accumulation over selling. Santiment analysts noted whale accumulation could be a “bullish signal” for an eventual price range breakout: “Historically, a reliable sign of a bull market start is a range breakout when large wallets accumulate and retail investors sell—ideally, that’s the dynamic we’re seeing now.” Zeus Research’s Dominick John told Cointelegraph the whales currently accumulating Bitcoin are likely positioning early for the next breakout, “quietly building positions during the consolidation phase.” He

Bitcoin has outperformed the S&P 500, gold, and oil in nearly every major geopolitical crisis in the past 6 years.

March 27th — Per Cointelegraph, citing CryptoRank data, Bitcoin has outperformed the S&P 500, gold, and oil in 60-day returns during nearly all major geopolitical crises over the past six years.

Yesterday Bitcoin Spot ETF saw a net outflow of $171.3 million, and Ethereum ETF saw a net outflow of $189.3 million

**March 27th** Per data from Farside Investors, U.S. Bitcoin spot ETFs recorded a combined net outflow of $171.3 million yesterday. Key fund breakdown: - IBIT: $41.9 million net outflow - FBTC: $32.8 million net outflow - BITB: $33.1 million net outflow - ARKB: $30.5 million net outflow U.S. Ethereum ETFs saw a total net outflow of $189.3 million, with ETHA driving $140.2 million of the outflows.

A new address withdrew 340 bitcoins from Binance.

On March 27, a new address withdrew 340 Bitcoins (valued at approximately $23.14 million) from Binance, per Onchain Lens monitoring.

Peter Brandt: Bitcoin Triggers Sell Signal

March 27 — Renowned trader and chart analyst Peter Brandt, who correctly called Bitcoin’s sharp 2018 decline, shared a chart this morning showing the token has formed a rising wedge pattern — a classic bearish signal pointing to a potential downside breakout. The chart shows Bitcoin rebounded from ~$60,000 in January to ~$71,000 in March, but the wedge’s upper and lower bounds are converging, with the asset currently trading in the $65,000-$70,000 range. Brandt also nailed Bitcoin’s short-term rebound via technical analysis on March 10 and 16.

The Fed Rate Hike Expectation Rises Again, Bitcoin Price Volatility Weakens, International Oil Price Resumes Uptrend

March 27th — According to HTX market data, latest interest rate futures pricing indicates the Federal Reserve will hike rates by roughly 15 basis points by year-end. Bitcoin has weakened after oscillating, dropping to $68,153 this morning; it currently trades at $68,701, marking a 3.69% 24-hour decline. Over the past 24 hours, total network liquidations hit $330 million, with long liquidations totaling $290 million and short liquidations at $40.08 million. U.S. stocks closed lower on Thursday: international oil prices rebounded, but the three major indices faced pressure. The Dow Jones Industrial Average initially fell 1%, the S&P 500 dropped 1.7%, and the Nasdaq Composite slid 2.38%. Cryptocurrency-related U.S. stocks also declined: Circle fell 5.37% to $98.28, Coinbase dropped 4.26% to $173.38, and Strategy fell 4.43% to $132.96.

Expectations of Easing Middle East Tensions Diminish, Oil Price Rebounds, Bitcoin Falls Below $69,000

**March 27th Update** Bitcoin fell below $69,000 on Wednesday, sliding more than 3% from its overnight high, CoinDesk reported. Meanwhile, major altcoins—Ethereum, XRP, SOL and ADA—dropped 4% to 5%. Optimism tied to easing Middle East tensions has faded, a key driver of the downturn. Crude oil futures rose roughly 4%, reigniting concerns over inflation and supply chain disruptions. U.S. stocks posted losses: The Nasdaq was down 1.4% in afternoon trading, with all seven U.S. tech giants trading at least 10% below recent highs. Microsoft led declines at 34%, followed by Meta (30%) and Tesla (25%). The 10-year U.S. Treasury yield climbed 7 basis points to 4.40%. LMAX Group market strategist Joel Kruger noted recent trends will likely stay tied to macro developments: “If the path to eased tensions clears, risk assets including Bitcoin should rise. If uncertainty lingers, prices may remain in a volatile range.”

JPMorgan: As Gold and Silver Struggle, Bitcoin Shows Greater Resilience

March 27 (CoinDesk) — A new JPMorgan Chase report notes Bitcoin is showing greater resilience than traditional safe-haven assets like gold and silver, amid outflows from the precious metals, position liquidations, and worsening liquidity. The report highlights gold’s liquidity conditions have deteriorated so much that its market breadth now trails Bitcoin — a reversal of their usual dynamic. Gold has fallen roughly 15% this month, sliding sharply from its January all-time high near $5,500 an ounce. Silver has also dropped steeply from its peak near $120. JPMorgan cites rising interest rates, a stronger U.S. dollar, and widespread profit-taking by both retail and institutional investors as the drivers. Fund flow data underscores this divergence. In the first three weeks of March, gold ETFs posted nearly $11 billion in outflows — erasing all silver ETF inflows accumulated since last summer. By contrast, Bitcoin funds continued to see net inflows over the same stretch. Positionin

James Wynn 40x Short Bitcoin in a 'Bear Trap', Liquidation Price at $70,270.83

March 26 – Per LookOnChain data, James Wynn opened a 40x leveraged "ant barn" short on Bitcoin 30 minutes ago, with a liquidation price of $70,270.83.

Bitcoin Dips Below $69,000

March 26: Bitcoin has fallen below $69,000, down 2.9% over the past 24 hours, per HTX market data.

CoinShares: Bitcoin Miner 2025 Q4 Mining Cost Rises to $79,995, Facing Breakeven Pressure

March 26 — Digital asset manager CoinShares said in a report (per The Block) that Bitcoin miners are facing ongoing pressure from profit-loss dynamics while accelerating their shift to artificial intelligence (AI). CoinShares Research Director James Butterfill noted that by Q4 2025, the weighted average cash cost for publicly traded mining firms to produce one Bitcoin had climbed to roughly $79,995. Hash rate prices also dropped from $36–$38 per PH/s/day to around $28–$30 by Q1 2026, signaling continued strain on miners. The report also flagged a triple negative difficulty adjustment at the end of 2025 — the first such occurrence since July 2022. Publicly traded miners have collectively cut their Bitcoin holdings by over 15,000 coins from their peak, with Core Scientific, Bitdeer, and Riot all selling off. Marathon Digital Holdings (MARA) separately announced Thursday it was selling an additional 15,133 Bitcoins. On price outlooks, Butterfill said a Bitcoin rally to $100,000 i

Analyst: Trump's "5-Day Ceasefire" About to End, Bitcoin Support Level Facing Test

March 26th — The U.S. Department of Defense is preparing for a lethal strike against Iran, pushing Bitcoin below $70,000 again with a 3% drop in the past 24 hours, per Decrypt. The decline was triggered by an Axios report that the Pentagon is drafting military plans against Iran, including options for ground troops and a large-scale bombing campaign. Analysts noted the five-day pause on former President Trump’s strikes against Iran’s energy infrastructure expires Friday, leaving Bitcoin’s support level extremely fragile. Glassnode reported the cost basis for short-term holders (purchases in the past month) sits around $70,200 — the current key support level. Resistance is near $82,200, based on the cost basis of holders with 1–3 month positions. However, buy-side accumulation at this support level remains limited, and the risk of a break below cannot be ruled out until more substantial buying emerges. Tim Sun, Senior Researcher at HashKey Group, said the $70,200 level is more

Mara Holdings Sells 15,133 Bitcoins

On March 26, Bloomberg reported that Bitcoin mining firm Mara Holdings sold 15,133 bitcoins.

Coinbase Bitcoin Premium Index has been in a negative premium for 8 consecutive days, with buying power in the US market remaining weak

On March 26th, Coinglass data shows Coinbase’s Bitcoin Premium Index has stayed in negative territory for 8 straight days, currently at -0.0573%, with U.S. market purchasing power remaining weak. The Coinbase Bitcoin Premium Index measures the gap between Bitcoin’s price on Coinbase and the global market average. A negative premium typically signals heavier selling pressure in the U.S. market, reduced investor risk appetite, elevated risk aversion, or capital outflows.

Analysis: Bitcoin Bear Market Enters Late Stage, $64,000 Key Support Level

March 26 (Cointelegraph) — Bitcoin has once again fallen below $70,000, with multiple on-chain and technical indicators signaling the current bear market is entering its late stage. On-chain data shows Bitcoin’s Net Unrealized Profit/Loss (NUPL) has dropped below 0.25, placing it in the “Hope/Fear Zone.” CryptoQuant analyst The Enigma Trader noted this means ~40% of Bitcoin’s circulating supply is in a loss position, while the Fear & Greed Index has fallen to 15 (indicating “extreme fear”) — reflecting “pain and uncertainty.” He added that a NUPL rebound above 0.25 would signal a shift to the optimistic zone, a transition historically aligned with strengthening price momentum. Glassnode reported the 7-day average of Relative Unrealized Loss has stabilized at 15%. Historically, resolving this level of embedded losses requires time, further price declines, or a sustained influx of significant fresh capital in a compressed timeframe. Additionally, Bitcoin’s entity-adjusted realized

Geopolitical Risk: Bitcoin Maintains Resilience Amid Panic

March 26th update: QCP Capital released its latest report via its official channel, noting Bitcoin trades near $70k. The price is consolidating calmly rather than facing clear bearish pressure. The broader macro environment remains fragile: fresh Middle East developments are weighing on risk sentiment. While oil prices have pulled back from this week’s highs, they still hold a meaningful geopolitical risk premium. Bitcoin’s resilience stands out here. Recent net outflows show tokens are being moved off exchanges—not prepped for selling. Meanwhile, its market dominance continues to edge higher, bolstering a relatively defensive stance in crypto markets. A key macro takeaway: Markets have consistently priced inflation shocks faster than growth shocks. Risk assets have already factored in rising oil prices and interest rate repricing. But if geopolitical tensions linger, the extent of damage to broader economic growth remains unclear. That leaves Bitcoin in an awkward but not ove

If Bitcoin drops below $68,000, the mainstream CEX long liquidation volume will reach $719 million.

March 26th: Per Coinglass data, if Bitcoin drops below $68,000, cumulative long liquidation intensity across major centralized exchanges (CEXs) will hit $719 million. Conversely, should Bitcoin climb above $72,000, cumulative short liquidation intensity at top CEXs will reach $834 million. BlockBeats Note: Liquidation charts do not display the exact number or value of contracts set to be liquidated. Instead, the bars reflect how significant each liquidation cluster is relative to neighboring clusters—i.e., "intensity." As such, these charts show how strongly asset prices will react when hitting specific levels. A taller "liquidation bar" signals a more intense price response due to a liquidity tsunami upon reaching that level.

Bitcoin Drops Below $70,000

March 26: Bitcoin has fallen below $70,000, per HTX market data, currently trading at $69,976 with a 24-hour drop of 1.6%.

Yesterday's US Bitcoin Spot ETF Net Inflow $7.8M, Ethereum ETF Net Outflow $8.5M

On March 26, Farside monitoring data showed U.S. Bitcoin spot ETFs recorded a net inflow of $7.8 million yesterday, while Ethereum spot ETFs posted a net outflow of $8.5 million.

Hyperliquid Bitcoin's Largest Short Seller Liquidates, Loses $2.345 Million

On-chain analyst Ai Auntie (@ai_9684xtpa) reported on March 26 that the top Bitcoin position holder on Hyperliquid—who had mistakenly taken a short position—was liquidated in the early hours of the day, suffering a regretful $2.345 million loss. Their 1,000 BTC were liquidated in four batches, with an entry price of $69,614 and liquidation prices ranging from $70,802 to $71,936. Currently, the holder still maintains a $20 million long position in Brent crude oil, which has an unrealized loss of $9,800.

Morgan Stanley Bitcoin ETF Listed on NYSE Announcement, Set to Launch Soon

On March 26, Bloomberg Senior ETF Analyst Eric Balchunas noted that Morgan Stanley’s Bitcoin ETF (ticker: MSBT) has received the New York Stock Exchange’s (NYSE) official listing announcement. Such notices typically signal the fund is on the cusp of its official launch.

Viewpoint: Bitcoin Held Below $72K, On-Chain Four Metrics Show Weakening Demand

As of March 26, Cointelegraph reports Bitcoin prices remain under pressure below $72,000, with on-chain data pointing to weakening market demand and capped short-term upside potential. Investor behavior has shifted from accumulation to distribution: whale addresses, along with small-to-medium holders, are showing signs of selling or pausing accumulation. Large transaction activity has also dropped to a multi-month low, as smart money stays on the sidelines amid policy uncertainty (including the proposed "Clarity Act") and geopolitical risks. On-chain activity continues to decline too—core metrics like active addresses and transaction volume reflect softening overall network demand. Mining is also under pressure: Bitcoin’s network hashrate is down roughly 22% from its early March peak. Rising energy costs have cut mining profitability, leading some facilities to shut down. This has intensified market concerns over "miner capitulation" and potential selling pressure.

After 194 Liquidations, James Wynn Reopens 40x 'Ant Man' Bitcoin Short

On March 25, per Lookonchain data, James Wynn once again entered a 40x leveraged Bitcoin short position. The position size is 0.62 BTC, with an entry price of $70,806 and a liquidation price of $71,675.1. His address has previously been liquidated 194 times.