On-Chain Data

Gate News reports that on March 16, according to Onchain Lens monitoring, BlackRock ETF addresses deposited 1701 BTC to a certain CEX, valued at approximately $125 million.

Gate News bot message, the Ethereum Foundation transferred 5,000 ETH valued at $10.38 million to a new wallet address 30 minutes ago. This transaction marks another movement of funds by the Ethereum Foundation.

On March 16, a whale starting with 0x133 opened a long position of approximately $1.04 million on EUR/USDC with 34x leverage, currently showing an unrealized loss of about 10%. The US job market is cooling with rising unemployment rates, and CPI year-over-year is approximately 2.4%. Market attention is focused on the Federal Reserve's interest rate decision on March 19.

Venus Protocol is investigating suspicious activity indicating a potential Flash Loan attack on the $THE and $CAKE pools. This has led to the suspension of borrows and withdrawals of $THE, as the platform assesses the risk and community concerns surrounding possible market manipulation.

Gate News reported that on March 16, according to on-chain analyst Ali Charts' monitoring, Ethereum spot ETFs accumulated net inflows of 83,000 ETH over the past three weeks, valued at approximately $193 million. Meanwhile, ETH price has reclaimed the $2,200 level and established it as a support level, with key resistance levels currently at $2,400 and $2,600.

Latest statistics show that the on-chain transaction volume of global stablecoins in 2025 is approximately $25 trillion, but actual payments account for less than 1%. Experts point out that most transactions stem from internal fund transfers, inflated trading volumes, and high-frequency speculation. Leading virtual currency payment institutions process approximately $132 billion in stablecoin payments.

Under Middle East geopolitical tensions, Bitcoin faced widespread selling pressure, particularly from retail holders. According to Glassnode data, the market is experiencing heavy selling pressure, with the accumulated trend score declining to 0.04, indicating that retail and small-to-medium investors are reducing their positions significantly. Despite this, Bitcoin's resilience against the decline has surprised market observers.

The cryptocurrency market surged broadly this morning, with Bitcoin breaking through $74,450 and reaching its highest level since February. US Bitcoin spot ETFs have recorded net inflows for three consecutive weeks, indicating strengthened institutional confidence. Bitcoin has outperformed gold amid geopolitical instability, and market sentiment has recovered to neutral levels.

Recently, XRP market demand has cooled, with obvious signs of declining trading volume and capital outflows. Weekly trading volume has dropped 27.5% since February. Although Ripple is expanding its business and XRP prices have risen slightly, the overall trend remains volatile. Investor attention to new market catalysts may influence future demand and trading activity levels.

Gate News reports that on March 16, Jupiter's strategic reserve trust fund, Jupiter Litterbox Trust, increased its holdings by 387,919 JUP tokens, valued at approximately $65,000. This month, the fund has accumulated purchases of 9,117,862 JUP tokens, valued at approximately $1.53 million. To date, Jupiter Litterbox Trust has purchased a total of 95,570,914 JUP tokens, valued at approximately $16.1 million.

Gate News reported that on March 16, Lookonchain monitoring showed that a newly created address just withdrew 20,000 ETH from a certain CEX, valued at approximately $44.83 million.

Decentralized lending protocol Venus Protocol was attacked for approximately $3.7 million on March 15, 2026, resulting in $2.18 million in bad debt. The attacker conducted a sophisticated attack by manipulating the price of low-liquidity token $THE, combining on-chain lending with off-chain derivatives, exposing systemic risks. The incident prompted the industry to re-examine collateral eligibility standards and risk parameter design.

CryptoQuant's latest report indicates that Ethereum is facing an "adoption paradox," where network activity reaches new highs, but the token price continues to decline. Analysts predict that if the bear market persists, Ether could fall to $1,500. Despite thriving on-chain activity, it has decoupled from the token price, and the high proportion of Ether flowing into exchanges suggests heavy selling pressure and weak investment demand.

The Ethereum Foundation announced the sale of 5,000 ETH to publicly listed company BitMine, with the transaction valued at approximately $10.2 million. These funds will be used for core operations. The Foundation is adjusting its treasury management based on its reserve policy and advancing staking strategies to reduce reliance on ETH sales. Community opinions are divided, with some supporting its treasury management practices while others express concerns about token concentration.

Between 2026-03-16 03:15 and 03:30 (UTC), ETH spot price rose 0.87% within the range of 2180.04 to 2209.64 USDT, with a volatility amplitude of 1.36%. During this period, trading volume and on-chain transfer activity increased significantly, with elevated market attention and intensified short-term fluctuations. Long and short positions engaged in fierce competition, with net capital inflows notably favoring ETH, driving rapid price appreciation. The primary driver of this price movement was multiple large-scale ETH transfers on-chain and a surge in stablecoin conversion volumes, with major capital inflows into leading exchanges, boosting both spot and derivatives trading activity.

According to data from on-chain analytics firm Santiment, as Bitcoin's price stabilizes near $71,000, large address holders now control approximately 68.17% of circulating supply, demonstrating an accumulation trend. Bitcoin reserves on exchanges have also fallen to eight-year lows, indicating that holders are more inclined toward long-term storage rather than selling. Despite the market's fear index remaining elevated, the renewed accumulation by large holders may signal a potential price rebound and provide structural support to the market.

ShapeShift founder Erik Voorhees has continuously purchased Ethereum (ETH) over the past six days, accumulating approximately 21,000 ETH at an average cost of $2091. This position building demonstrates his bullish outlook on ETH's long-term prospects. The Ethereum Foundation also chose to sell 5,000 ETH to BitMine via OTC, reinforcing institutional holdings and avoiding market impact.

According to analyst Darkfost's report, ETH open interest on a certain CEX platform has decreased significantly, with open positions declining by approximately 400,000 ETH since January. The spot-to-futures trading volume ratio has fallen to its lowest level since 2023, indicating weakness in the Ethereum spot market, with investor sentiment affected by selling activity.

As of March 15, XRP gained over 4% against the backdrop of the oil crisis, demonstrating counter-trend strength, while whale fund flows turned positive, indicating that large holders have returned to accumulation mode. Despite facing ETF outflow pressure and macroeconomic uncertainty, XRP's regulatory status has been clarified, and long-term institutional allocation remains active. This phenomenon has attracted close market attention to its trend changes.

Gate News reports that on March 16, Lisk Chief Researcher Leon Waidmann posted on the X platform stating that on-chain payment settlements for AI agents are mainly concentrated on Base and Solana, with these two networks accounting for 97% of all agent-to-agent transactions. Among them, Base accounts for 59% with transaction volume reaching 70.9 million; Solana accounts for 38% with transaction volume reaching 45.3 million; all other networks account for only 3% with transaction volume of 3.9 million.