On-Chain Data

Gate News, on March 23, according to Whale Alert monitoring, USDC Treasury executed a burn operation on the Ethereum chain, destroying a total of 50,000,000 USDC.

Between 2026-03-23 02:15 and 02:30 (UTC), ETH price rallied rapidly within the 2047.53 to 2070.28 USDT range, with 15-minute returns reaching +0.91% and volatility of 1.11%. Market fluctuations intensified during this time window, with increased attention, synchronized expansion in spot and derivatives trading volumes, and evident short-term long/short positioning battles. The primary driver of this price movement was recent on-chain large-scale stablecoin (USDC/USDT) minting events boosting liquidity, particularly approximately $1.6 billion in capital inflows on-chain around March 16, supporting mainstream

A mysterious whale recently withdrew 4.35 million USDT from Aave, converting the entire amount to purchase 21,030 ETH, bringing its holdings to 122,392 ETH, with a market value of approximately $251.3 million. The whale continues to increase its ETH holdings through DeFi leverage strategies, demonstrating optimism toward the market and signaling a long-term bullish stance.

Hyperliquid's HIP-3 board has achieved billion in trading volume over the past 7 days, primarily driven by WTI crude oil contracts, demonstrating strong market activity. Powered by the US-Iran conflict, the platform's 24/7 trading functionality has made it an important source for price discovery, replacing traditional exchanges. As Hyperliquid adapts to CFTC regulations, it aims to maintain financial neutrality, but how to balance compliance requirements with the advantages of decentralized trading remains a challenge.

DeFiLlama reported that Altura ($ALU) leads in weekly Total Value Locked (TVL) growth among crypto projects, with a 45.4% increase. SynFutures ($F) follows, and other projects like APWine Finance ($APW) and Qubic ($QUBIC) show significant market cap differences.

On March 22, the SIREN token controller concentrated chips into 48 wallets with a total of approximately 484.6 million tokens, accounting for 66.5% of total supply, currently valued at approximately $1.04 billion. Within approximately one and a half months, the SIREN price surged from $0.08 to $2.1, a 26-fold increase, with unrealized gains on holdings reaching approximately 47 times.

Bitcoin has continued to decline to around $67,950, with MicroStrategy founder Michael Saylor reiterating a buy-the-dip strategy. Huang Licheng's highly leveraged ETH position was completely liquidated, with losses exceeding $30.35 million. Fidelity has called on the US SEC to improve its regulatory framework for crypto assets. US stocks have broadly declined, and market sentiment remains cautious.

Gate News: On March 23rd, according to DeFiLlama data, the total market capitalization of stablecoins in the crypto market reached $316.268 billion last week, an increase of $34.422 million compared to the previous week, representing a week-over-week growth of 0.12%. Among these, USDT's market share stands at 58.23%, continuing to maintain its dominant position in the stablecoin market.

2026-03-22 22:15 to 22:30 (UTC), ETH recorded a +0.81% return rate within 15 minutes, with a price range of 2041.49 - 2064.99 USDT and a volatility amplitude of 1.15%. Market attention increased rapidly, intraday fluctuations intensified significantly, and some investors focused on large on-chain transfer activities. The main driver of this price movement was whale wallets cumulatively withdrawing approximately $155 million in ETH from major exchanges within 48 hours, significantly reducing the available trading liquidity on exchanges. On-chain data shows that some large amounts of ETH flowed into

During the period from 2026-03-22 22:15 to 22:30 (UTC), BTC experienced significant volatility within a short-term range, with the 15-minute candlestick recording a +0.49% gain and closing at 68371.1 USDT. The low touched 67861.4 USDT, with an overall amplitude of 0.75%. Short-term market activity was active, market attention increased, trading volume expanded noticeably compared to the previous period, and active capital flows drove this wave of volatility. The main driver of this volatility was continuous inflows into US spot ETFs, as well as BTC net outflows at the exchange level. Specifically, according on-chain data shows,

2026-03-22 21:00 to 21:15 (UTC), BTC recorded a -0.58% return within just 15 minutes, with prices fluctuating in the range of 67562.1 to 68223.5 USDT, with an amplitude of 0.97%. During this period, market sentiment was highly tense, overall attention increased, and short-term volatility accelerated noticeably. The main driving force behind this anomaly was the resonance formed by spot market liquidity shortage and medium-sized funds accelerating their exit. On-chain data shows a significant net outflow of -371.99 BTC in the $100k-$1M transaction range, driving selling

Geopolitical tensions and rising uncertainty have led to a risk-off sentiment in global markets, with investors moving away from assets like Bitcoin and Ethereum. High oil prices and inflation concerns influenced portfolio adjustments, while Bitcoin selling pressure increased as short-term holders took profits. The market remains sensitive amid low sentiment.

Bitcoin retail activity has decreased by 10%, the lowest since January 2025, indicating weaker market participation. The advent of ETFs has shifted retail access off-chain, while Bitcoin has diverged from the S&P 500, marking its longest decoupling since 2020 amid a correction phase.

U.S. crypto ETFs experienced significant outflows as Bitcoin and Ether saw decreased demand. Investors withdrew $219.2 million, marking a shift from recent inflows. Both assets have declined in value, raising concerns about the market's momentum.

March 22, 2026, 12:15 to 12:30 (UTC): BTC price fluctuated between 68313.3 and 68758.0 USDT, with the 15-minute candlestick recording a return of +0.51%, amplitude reaching 0.65%, and short-term trading volume remaining at relatively low levels. Market attention rebounded, driving increased intraday volatility. The primary driver of this movement is whale funds experiencing simultaneous high net inflows and outflows on trading platforms. On-chain data shows that certain whales holding positions for 6 to 18 months are choosing to transfer BTC back to exchanges for distribution.

RLUSD Supply Adjustments and Treasury Activity Ripple executed the latest burn through its treasury wallet, permanently removing nine million RLUSD tokens from circulation. Consequently, the move reduced the available supply and followed earlier large-scale burns during the same month. The action f

The essay explores the contrasting dynamics between retail and institutional demand in the cryptocurrency market. It highlights XRP's strong retail base and growing adoption, while institutional interest remains cautious, especially compared to assets like Bitcoin and Ethereum, amid recent ETF flows.

Onchain Lens detected that the Resolv attacker spent 200,000 USDC to mint 80 million USR and has already used it to purchase 9,111 ETH. The attacker is still converting USR to other cryptocurrencies and may continue to accumulate ETH.

On March 22, after Trump issued a "48-hour ultimatum," crude oil prices rose. Sky founder Rune's multiple leveraged positions were profitable, with a structure including a 20x leveraged WTI crude oil long position with unrealized gains of approximately $155,000, a 7x leveraged Brent crude oil long position with unrealized gains of approximately $130,000, and total position value reaching approximately $11.55 million.