Bitcoin ETF Cost Base is around $80,000, Caution Advised on This Price Resistance

March 17 — Per Onchain Lens monitoring, BlackRock deposited 567 BTC (~$41.78 million) and 22,657 ETH (~$52.40 million) into Coinbase, with potential additional deposits expected to follow.

On March 17, data from DefiLlama shows that trading volume on perpetual DEXs (Perp DEXs) has rebounded recently, while open interest across major platforms continues to trend upward. Hyperliquid, in particular, has seen a cumulative 27.8% gain in positions since the start of this month. Below are the latest 24-hour trading volume and open interest figures for leading Perp DEXs: - Hyperliquid: ~$8.45 billion (24h volume); ~$6.99 billion (open interest) - Aster: ~$3.41 billion (24h volume); ~$2.09 billion (open interest) - EdgeX: ~$3.31 billion (24h volume); ~$1.17 billion (open interest) - Lighter: ~$2.47 billion (24h volume); ~$0.793 billion (open interest) - Apex: ~$1.36 billion (24h volume); ~$0.128 billion (open interest) - Pacifica: ~$0.555 billion (24h volume); ~$77.1 million (open interest)

March 17th Citing HyperInsight monitoring (Telegram: https://t.me/HyperInsight), spot gold prices dipped below $5,000 per ounce—pushing GOLD contract prices on Hyperliquid (https://app.hyperliquid.xyz/join/NTOD) lower in tandem. Currently, the platform’s largest GOLD short position address (0xacb) holds an unrealized profit of $620,000, with a 7% margin and an average entry price of $5,113. Additionally, over the past 30 minutes, another address opened simultaneous short positions in GOLD and SILVER totaling $6.3 million. The average GOLD short price is $5,003, and both positions are in unrealized profit.

On March 17th, crypto contract whale "First Set 10 Big Goals" (@jasonleo) posted a contract order screenshot on X with the caption "Retreat." The screenshot reveals the whale held long positions on BTC (entered at $67,900), ETH (entered at $1,935), and BNB — totaling $14.66 million in profit across the three trades.

March 17 — Bitcoin has notched 8 straight daily gains since March 9, marking its first such streak in nearly 4 years. Per Glassnode data, Bitcoin has posted at least 8 consecutive daily gains 15 times historically. In the 30 days following those streaks, it extended gains 9 times and declined 6 times, with a median 30-day price rise of ~19%.

On March 17, Bitget announced that tokenized stocks and ETFs backed by Ondo Finance will list on the platform’s spot market across its Innovation Zone, Stock Zone, and ETF Zone. Featured assets include major U.S. stocks like Tesla, Nvidia, Apple, Google, Microsoft, Amazon, Meta, and AMD; index ETFs such as SPY, IVV, QQQ, IWM, and ITOT; and gold- and silver-linked assets—expanding users’ cross-market allocation options. These assets were previously available in Bitget’s on-chain trading products. Ondo and its subsidiaries hold U.S. SEC-registered Broker-Dealer and ATS licenses, enabling compliant securities issuance. Bitget CEO Gracy Chen noted the partnership will bring global core stocks, indexes, and precious metal assets to the spot trading space, addressing users’ demand for diversified allocation and trading. Bitget was among the first mainstream platforms to support Ondo’s tokenized assets, once representing 90% of total Ondo-related trading volume. Ondo Finance President I