The total open position of BTC futures contracts on the whole network is 525,400 BTC, equivalent to about 33.8 billion US dollars.

According to data monitoring by Arkham, since January 11th when GBTC started trading as an ETF, Grayscale has transferred 266,470 bitcoins from its wallet for GBTC redemption. At the current redemption rate, GBTC will run out of bitcoins in 96 days.

Blockchain analyst Yu Jin stated that BTC spot ETF had a net outflow of funds for all five trading days this week, with a total outflow of $887.75 million, corresponding to a decrease in BTC holdings of 13,596 coins. On March 22, ten BTC spot ETFs had a net outflow of $51.6 million, corresponding to a net outflow of about 807 BTC from the ETF custody address after the opening of the US stock market on Monday (March 25):

The Los Angeles Police Department (LAPD) has arrested three suspects in a $6.9 million Bitcoin mining equipment theft case. The Goods Theft Division of the Commercial Crime Department announced that all stolen items have been recovered. On March 19th, the LAPD, along with detectives from the Goods Theft Division of the Commercial Crime Department in California, detained three men. On March 21st, the police revealed that the suspects face charges related to possession of stolen property, involving 608 Bitcoin mining machines. They are being held at the 77th Street Jail, awaiting the start of court proceedings. (Bitcoin.com)

On March 23rd, Coinglass data shows that the current balance of Bitcoin wallets on Binance is 542,030.77, ranking first. Additionally, the balance of Bitcoin wallets on Coinbase Pro is 329,062.09, with 14,724.77 coins flowing out in the past 24 hours and 57,406.94 coins flowing out in the past 30 days. The balance of Bitcoin wallets on Gemini is 132,858.92, with 271.59 coins flowing out in the past 24 hours and 16,283.46 coins flowing in the past 30 days.

It was reported that the demand for Bitcoin (BTC) in Argentina has recently reached its peak in the past 20 months amid the continuous devaluation of the Argentine peso (ARS). According to data from the cryptocurrency trading platform Lemon Cash, nearly 35,000 customers in Argentina purchased Bitcoin during the week ending on March 10th, which is twice the average weekly level in 2023. Lemon is not the only platform experiencing a surge in demand. Other major trading platforms in Argentina such as Ripio and Belo have also reported similar trends.

Zhidu Co., Ltd. (000676) stated in response to investor questions that the company's Bitcoin assets came from purchasing blockchain computing power cloud services from Bitdeer in 2021. The corresponding Bitcoin generated from this computing power as a service belongs to the company. In accordance with relevant provisions of the enterprise accounting standards, the company records "Bitcoin" as intangible assets and conducts initial measurement based on cost. In 2022, based on the review, the company expects that the recoverable amount will be lower than its carrying amount, and it will provision an impairment loss of RMB 63,014,300 for intangible assets. According to relevant provisions of enterprise accounting standards, once the impairment loss of intangible assets is confirmed, it cannot be reversed in subsequent accounting periods.

OKX-BTC/USDT is currently trading at $63996.20, with a 24-hour decrease of 4.77%.

According to blockchain data tracking service Whale Alert, at 5:23 pm on March 22nd Beijing time, 3,595 BTC were transferred from an unknown wallet to Coinbase, worth $237,257,125.

According to JPMorgan, bitcoin is still overbought and profit-taking could continue leading up to the halving event. The past week saw a significant outflow in spot ETFs, which challenges the idea of sustained net inflows. Despite the recent correction, positioning still looks overbought and the bank predicts that profit-taking will continue as the halving event approaches. The quadrennial reward halving, which cuts miners' rewards in half, is expected in mid-April.

Mining company Hiveon posted on social media, saying that yesterday, the Oklahoma State Council passed a bill with a vote of 81:1 aimed at protecting Bitcoin rights, the result of efforts by Dennis Porter, Satoshi Action Fund, and the Oklahoma Bitcoin Association. The rights bill includes mining, buying and selling Bitcoin, self-custody, and running nodes; the bill was passed by the Senate and signed by the governor. The "mining rights" bill had previously passed in Montana and Missouri in 2023.

According to Nicehash data, there are only about 500 blocks left until the next Bitcoin halving. The information shows that the halving event is expected to occur at block height 840,000, and the current block height has reached 835,532. In addition, there are less than 24 days left until the next Bitcoin halving.

According to HODL15Capital, China ranks second in national Bitcoin holdings with 190,000 Bitcoins.The United States ranks first with 210,000 Bitcoins. El Salvador ranks sixth with 5,692 Bitcoins.

1.Derivatives trading platform D2X completed US$10 million in Series A financing, led by Point72 Ventures2.6 wallets received ARB from the vesting contract and deposited 8.95 million ARB to Binance3.BOME TOP1 holders will sell 190 million BOME for the first time, making a profit of US$3.76 million4.Manta Network joins hands with ether.fi to launch the first phase of Restaking Paradigm, staking ETH to earn double EtherFi airdrop points5.A giant whale took out 1,000 MKR from Aave and sold them in batches, worth $2.88 million6.Bitcoin fee income was only about $20.3 million this week, a drop of more than 33%7.BOME Token Price Surge Reflects Cryptocurrency Market Dynamics8.ETHVietnam anonymous MACI voting is officially launched. This is the first time aMACI voting technology has been used in a large-scale encryption event.9.Bitcoin Whales Withdraw Massive BTC Reserve From Exchanges, Impacting Bitcoin Price Surge10.USDC circulation increased by 1.3 billion in the past 7 days

Kris Marszalek, CEO of Crypto.com, has shared his thoughts on Bitcoin's recent pullback from its all-time high. Marszalek believes that Bitcoin is currently experiencing a strong uptrend, similar to what was seen in December 2020 and January 2021. Despite the recent drop in price, Marszalek remains optimistic about Bitcoin's long-term potential and expects a steady increase in value over time. He also notes that the current volatility is relatively low compared to previous cycles. At the time of writing, Bitcoin is trading at $66,163, down over 4% in the last 24 hours.

According to Whale Alert monitoring, 4,799 BTC (approximately $314,132,844 USD) was transferred from Coinbase to an unknown wallet.

The market shows BTC has broken through $66,000 and is now trading at $66,013.3. The intraday decline reached 4.69%, and the market fluctuations are large. Please be prepared for risk control.

Bitcoin whales have been withdrawing a significant amount of BTC from exchanges in the past week, taking advantage of the surge in Bitcoin price past $73,000. Over 21,000 BTC was withdrawn this week, with a staggering $752 million worth of BTC withdrawn on Thursday, marking the highest single-day withdrawal since May 2023. This mass withdrawal has had a swift impact on the Bitcoin price, which experienced a notable crash on Friday, falling over 7%. However, the emergence of 13 new whales with holdings of over 1,000 BTC suggests growing interest in Bitcoin among large players.

A trader who profited from the 2023 crypto breakout is cautioning that Bitcoin's strong uptrend is displaying signs of weakness for the first time since spot market exchange-traded funds (ETFs) were approved in January. The trader, known as DonAlt, observes that BTC's strong uptrend this year is beginning to show signs of exhaustion, and that the market structure on the lower time frame is concerning. With Bitcoin trading close to its high time frame resistance at $69,000, DonAlt says that the setup favors BTC bears, but notes that this is not necessarily a bearish sign. At the time of writing, Bitcoin is trading at $66,163, down over 4% in the last 24 hours.

The market shows BTC has fallen below $65,000 and is now trading at $64,999.9, with a daily decline of 6.08%. The market is volatile, so please be prepared for risk control.