On-Chain Data

Gate News message, a newly created wallet has withdrawn 1,000 BTC valued at $67.25 million from a centralized exchange. The transaction marks a significant movement of Bitcoin from exchange holdings to private wallet storage.

Gate News message, on March 31, according to Onchain Lens monitoring, the Royal Government of Bhutan transferred 325 BTC (worth $25.19 million) to a wallet that previously received BTC from Galaxy Digital, which appears to be a sale.

MicroStrategy holds 762,099 bitcoins, with a book value of about $51.5 billion, but due to market liquidity issues, its actual liquidation value could be as low as $20 billion. Although some analysis suggests its assets may be priced at a premium, its financing structure and market conditions create challenges for its future valuation. Current activity for large-scale transactions is declining, indicating that the market has limited capacity to absorb sell-offs by large “whales.”

Gate News reports that on March 31, the latest weekly report from TRON's decentralized lending protocol JustLend DAO shows that the platform’s total value locked (TVL) reached $6.55 billion, and total deposits amounted to $3.53 billion. JustLend DAO is a core DeFi infrastructure within the TRON ecosystem, providing on-chain lending services to users worldwide.

Gate News message: March 31, according to on-chain analyst Ai Yi monitoring, SKY today listed a certain CEX won trading pair. After SKY briefly touched $0.087 on another CEX, it pulled back, with a gain of 16%. An address (0x6c2...f3f14), after the listing announcement was published, withdrew 31.45 million SKY from the Sky staking contract and deposited them into a certain CEX, worth $2.46 million. The deposit price was $0.078, and the current price is $0.072.

Bitcoin market sentiment remains depressed, and the Fear and Greed Index has fallen to 8. It has been at extreme fear for 59 days, mainly driven by high interest rates and the global economic environment. Despite retail traders’ low sentiment, long-term holders are still transferring assets. The market faces structural disagreement, and future price action will depend on changes in macro liquidity.

A Chainalysis report says that organizations such as Russia and Iran use cryptocurrencies to buy low-cost drones and parts, and use blockchain transparency to trace the flow of funds. The Russian side raised $8.3 million for drone procurement, while Iran found transaction records between its Revolutionary Guards and a Hong Kong supplier. The report emphasizes that blockchain can reveal evidence of sanctions violations and promote compliant oversight of cryptocurrencies.

Gate News message, March 31, according to SolanaFloor monitoring, in the past 24 hours Circle minted approximately 750 million USDC on the Solana chain.

The Ethereum Foundation recently staked 22,517 ether, setting a new single-day staking record, worth approximately $46 million. This action is in line with its 2025 financial policy, aiming to actively put idle assets to work to increase returns and strengthen network security. The Foundation currently holds 147,471 ether and plans to allocate its resources to support the long-term development of the Ethereum ecosystem.

Strategy has rapidly accumulated 45,000 BTC over the last month, dominating corporate Bitcoin demand, while other treasury firms bought only 1,000 BTC, indicating a shift toward a less diversified market and heightened concentration risk.

Binance reports that its OTC desk volume reached 25% of 2025's total within just the first two months of 2026, indicating faster institutional investments. Notably, Bitcoin's share in OTC activity surged, reflecting increased demand from institutional investors.

Ethereum dominates the tokenized asset market, holding 61.4% with $206.2 billion in assets, a 40% annual increase. This growth signifies a shift from potential to active market engagement, marking Ethereum as the leading platform for tokenization in finance.

Bitmine has significantly increased its Ethereum holdings, acquiring over 71,000 ETH in the past week alone. This purchase marks the firm's largest weekly acquisition this year, reflecting strong institutional demand for ETH despite short-term market fluctuations.

The Ethereum Foundation staked $46.2 million in ETH, its largest staking event to date, reflecting a strategic shift from passive reserves to active staking for yield generation and network security, signaling confidence in its treasury management.

The cryptocurrency market is facing a cold wind, with nearly half of Bitcoin already falling below cost, and long-term investors have also begun selling at a loss. The Bitcoin Impact Index has risen to 57.4, indicating that market pressure is intensifying; in similar historical cases, it has often preceded a large-scale sell-off that is about to come. Short-term holders are down 47%, liquidity momentum is weakening, and stablecoin outflows have turned into net inflows, reversing course.

A wallet linked to Ethereum's ICO transferred 18,500 ETH worth $38.1 million, with 11,552 ETH later sold for $23.4 million. Such movements from early holders raise market awareness and impact trading behavior, reflecting concerns over old supply entering the market.

Solana is positioning itself as a core infrastructure for the agentic internet, facilitating autonomous software agents in handling onchain payments. With 15 million AI-agent transactions predominantly using stablecoins, the network aims to be the underlying payment rail for machine-to-machine interactions.

Coinbase has integrated with Chainlink to provide onchain access to premium exchange data, enhancing DeFi applications' pricing and risk management. This collaboration allows for improved data reliability and supports sophisticated financial products in the decentralized space.

March 31 news: Bitcoin spot ETFs had total net inflows of $69.4404 million on March 30. Of that, Ark Invest and 21Shares’ ARKB ETF had net inflows of $33.0297 million, while Fidelity’s FBTC ETF had net inflows of $28.8887 million. Total net assets under management reached $8.5475 billion, with cumulative net inflows of $56.004 billion.

The Bitcoin Fear and Greed Index recorded a score of 8 on March 30, indicating extreme pessimism in the market. Maintaining this state for 59 days, it is the longest fear period since the 2022 FTX collapse. Despite subdued retail sentiment, long-term holders have moved Bitcoin to self-custody accounts for protection, with no sign of selling pressure—showing behavior consistent with historical bottom characteristics. With the current market influenced by multiple macro factors and lacking a clear rebound catalyst, the timeline for recovery remains difficult to predict.