Gate News Report, March 11 — According to on-chain analyst Yu Yan's monitoring, a whale opened a long position of 20,000 ETH at a price of $2003 on March 9 (the day before yesterday), with a total value of $40.9 million. It was closed earlier today at a price of $2045, resulting in a profit of $850,000. Currently, this address still holds a long position of 600 BTC (worth $42 million), as well as 10,158 ETH spot bought yesterday (March 10), valued at $21 million.

J.P. Morgan research reports indicate that the expansion of digital dollars will lead to the widespread adoption of stablecoins, potentially eroding traditional bank profits, with an estimated loss of 3%-5% in bank deposits over five years. While stablecoins are unlikely to trigger bank runs, in the long term, they may still pose a threat to bank deposits, especially for banks with a high proportion of retail deposits.

Gate News reports that on March 11, according to Onchain Lens monitoring, despite the continuous decline in crude oil prices and falling below $85, several whales are still opening CL long positions (NYMEX Light Crude Oil Futures Long Positions).

Bitwise Chief Investment Officer Matt Hougan pointed out in a memo that Bitcoin's price could reach $1 million in the future. He believes Bitcoin is competing with gold for the position of digital store of value, especially against the backdrop of the expanding global store of value market. If Bitcoin captures 17% of the market share, its price is expected to rise significantly.

In the past 24 hours, the total liquidation amount in the cryptocurrency market reached $365 million, with long positions liquidated at $157 million and short positions at $207 million. BTC and ETH were liquidated at $132 million and $70.34 million respectively, with a total of 92,499 people liquidated. The largest single liquidation was $8.083 million.

Gate News Report, March 10 — According to Onchain Lens monitoring, the whale address pension-usdt.eth, which previously made huge profits on BTC and ETH, recently opened a 2x leveraged CL long position on Hyperliquid. Meanwhile, the address still holds a 3x leveraged short position in BTC, totaling 1,000 BTC, with a nominal value of approximately $69.89 million, currently with an unrealized loss of about $1 million.

Gate News Report, March 10 — According to HyperInsight monitoring, the large whale "pension-usdt.eth" has just opened a long position on CL (WTI crude oil mapping contract, corresponding to the U.S. crude oil futures benchmark price). Currently, it is long 7,986 CL contracts with 2x leverage, with an average entry price of $86.73. Additionally, this address is still short 1,000 BTC with 3x leverage, with an unrealized loss of $1.01 million.

Between 13:30 and 13:45 (UTC) on March 10, 2026, Bitcoin (BTC) experienced a short-term sharp decline, with a return of -1.32%. The price fluctuation range was from 69,723.0 to 70,921.5 USDT, with an amplitude of 1.69%. Trading volume during this period significantly increased, with on-chain large transfers rising by 18%. Market volatility intensified, accompanied by a rapid rise in panic sentiment, reflecting investors' high concern over sudden anomalies. The main driver of this anomaly was the concentrated inflow of large on-chain transfers to exchanges, with some single transactions exceeding 1000 BTC, triggering institutional or large investor activity.

Gate News Report, March 10 — According to Hyperbot data monitoring, Big Brother Ma Ji Huang Licheng increased his 25x leveraged Ethereum long position again three hours ago. Currently, the position has grown to 4,650 ETH, with a position value of $9,534,000, a liquidation price of $1,985, and an unrealized profit of nearly $250,000.

Recently, the holding structure of the 0xcac whale address has undergone a significant shift, turning towards unidirectional long positions on shorts. Currently, the spot holdings of BTC and ETH amount to approximately $11 million, with short positions reaching $34.9 million. Among the main positions, 20x BTC shorts have an unrealized profit of 548%, and 20x ETH shorts have an unrealized profit of 1886%.