On-Chain Data

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.

From 14:30 to 14:45 (UTC) on March 10, 2026, ETH recorded a short-term gain of +1.02%, with the price rising from 2024.3 USDT to 2047.18 USDT, an amplitude of 1.13%. Trading volume during this period significantly increased, with active addresses rising from 12,800 to 15,600, and large on-chain transfers up by 30.2%, reflecting a notable increase in market attention and volatility. The main driver of this movement is the Ethereum "Verde" technical upgrade testnet news.

Gate News Report, March 10: Forbes reports that BNB Chain handles approximately 40% of global stablecoin transactions by number of transactions. Data shows that 82% of stablecoin transfers are less than $1,000. The report points out that in some crisis economies, stablecoins are used as parallel currencies, mainly for cross-border remittances and daily payments, rather than large institutional or whale transactions.

New data from Ethena indicates a significant decline in speculative demand in the cryptocurrency market. Capital deployed has dropped to its lowest in years, with net long positions weak. Long and short positions are nearly balanced, a rare market state. Basis trades have decreased over 60% since early February, reflecting investor adjustments amid increasing hedging and short selling pressures.

Gate News Report, March 10 — According to Arkham monitoring, Grayscale transferred a total of approximately 6,594 ETH to a certain CEX address today, worth about 13.54 million USD.

Gate News reports that on March 10th, according to Lookonchain monitoring, the US Bitcoin ETF saw a net inflow of 2,070 BTC, Ethereum ETF experienced a net outflow of 24,138 ETH, and Solana ETF had a net outflow of 33,350 SOL.

Circle's stock price breaks through $110, reflecting the market's new valuation of its stablecoin business model. Recent financial reports show significant revenue growth, and in a high-interest-rate environment, Circle's profit prospects are optimistic. At the same time, USDC has surpassed USDT in liquidity, becoming an important tool for settlement and cross-border payments. The growth of AI Agent payments also indicates USDC's potential in the micro-payment sector, as Circle advances toward the infrastructure of the digital economy era.

Gate News Report, March 10th, according to DefiLlama data, the total value locked (TVL) on the Mantle chain has surpassed $1 billion. The current market capitalization of stablecoins on the Mantle chain is $986 million, and the 24-hour decentralized exchange (DEX) trading volume is $2.03 million.

On March 10th, Glassnode data shows that when Bitcoin retraced to $70,000, traders bought the dip with nearly 600,000 BTC, totaling approximately $42.48 billion. The current holding cost in the $60,000 to $70,000 range has increased significantly, with about 8% of the circulating supply purchased within this range.

Gate News Report, March 10 — According to on-chain analyst Onchain Lens monitoring, BlackRock deposited 1,133.78 BTC (approximately $80.24 million) and 27,189 ETH (approximately $56.10 million) into a certain CEX, totaling about $136 million, and may continue to deposit more tokens.

On March 10th, iShares Korea ETF (EWY) closed up 5.6% at $133.89. During this period, Hyperliquid's EWY contract price experienced significant fluctuations, dropping to a low of $128. Two related addresses are chasing EWY with low leverage, currently holding $3.7 million in positions with an unrealized loss of about $30,000.

Glassnode data shows 36.8 billion XRP, nearly 60% of the circulating supply, is held at a loss, with unrealized losses reaching $50.8 billion. XRP traded near $1.34, while futures volume jumped on BitMEX and Binance as ETF outflows and weak spot activity kept pressure on price. Glassnode dat

The total market capitalization of stablecoins across the entire network reached $312.4 billion, a new all-time high, with USDT and USDC accounting for 58.9% and 25% respectively. Sky's USDS has a market cap of $7.92 billion, a monthly increase of 26.7%. Sky Protocol's daily protocol revenue reached $600,000. The issuance of yield-bearing stablecoins exceeded $21.5 billion, accounting for 6.88%.

The supply of USDD, a decentralized stablecoin by TRON DAO Reserve, surged by 56% from late November 2025 to early March 2026, reaching a peak of 778 million USD in January. This increase, driven by demand in the TRON ecosystem and DeFi protocols, indicates rising liquidity in the crypto market.

From March 10, 2026, 08:00 to 08:15 (UTC), BTC achieved a +0.70% return within 15 minutes, with a price range of 70375.2 to 70926.3 USDT and an amplitude of 0.78%. This short-term fluctuation is significantly higher than the volatility of mainstream coins during the same period, attracting market attention. The increased volatility has prompted investors to closely monitor the market. The main driver of this fluctuation is large on-chain capital inflows into mainstream trading platforms, with a surge in short-term buying activity. Additionally, some institutional or whale accounts concentrated their positions during the window period, significantly driving the price upward. Meanwhile, market exchanges BTC

Ethereum transaction fees drop to approximately $0.09, thanks to the Dencun upgrade and the promotion of EIP-4844, which facilitate the widespread adoption of Layer-2 and achieve high throughput. Although ETH burn rates have decreased, network activity has reached new highs, indicating that Ethereum has entered a low-fee new era, opening up new opportunities for future application scenarios.

Bitmine Immersion Technologies recently transferred approximately 9,600 ETH into CEX hot wallets through two transactions, demonstrating confidence in Ethereum. The company's chairman stated that the increased purchases are due to a positive market outlook, and the transferred tokens may be used for internal asset management rather than selling. The company currently estimates an unrealized loss of about $7.8 billion.

As the Iran situation escalates and oil prices rise, global stock markets come under pressure, but Bitcoin defies the trend with an approximately 4% increase, reaching $70,000. Large institutions continue to buy through OTC trading, with over $700 million in funds flowing into Bitcoin-related ETFs, supporting market sentiment. Major holders slightly increase their holdings, indicating institutional and corporate optimism about Bitcoin, becoming an important force in its price stability.