Decentralized Social Media Bluesky Announces $100 Million Series B Funding Round, Led by Bain Capital Crypto

March 20 — Per HyperInsight monitoring, the whale “Ultimate Short” (address 0x5d2) — who had been shorting for over a year — continued adding to its XYZ100 (Nasdaq 100) long position overnight and this morning. The position now totals $13.6 million, with an average entry price of $24,534 and a liquidation level of $22,063. Thanks to today’s downturn in the three major U.S. indices, the whale is currently sitting on a small unrealized loss of $96,000 (-6.5%). Previously, the address had amassed a BTC short position of up to $136 million at an average price of $111,500. Starting in November 2023, it closed out the position in batches to lock in profits, and has fully exited recently — accumulating a total profit of $61.4 million over the period. This Nasdaq long is the whale’s first long position since cashing out its BTC gains, marking its first tens-of-millions-sized long: a shift from shorting crypto to going long on the U.S. tech stock index.

On March 20, data from The Data Nerd shows a whale address received 36.75 million USDT seven hours ago and swapped it for 17,084 ETH.

March 20th — Per LookOnChain monitoring, billΞ.eth (@0xbilly) sold 5,571 ETH 12 hours ago at an average price of $2,111. The transaction totaled $11.76 million in value and resulted in a $760,000 loss.

March 20 — Per data from the **Coinbob Popular Address Monitor** (https://t.me/Coinbob_track_CN), the "Strategy Whales" address (0x94d) closed out all its $1.05 billion BTC and ETH short positions over the past 8 hours, locking in roughly $1.75 million in total profits. Following profit-taking, the address immediately initiated long positions, with BTC trading at approximately $70,500 at the time. As of press time, its combined BTC and ETH long positions amount to $39.4 million, with a minor overall unrealized loss of roughly $10,000. Notably, this address is recognized for building large short positions in major cryptocurrencies during MicroStrategy’s (ticker: MSTR) heavy BTC accumulation spree in December. It favors contrarian trading to capitalize on both price upswings and downswings, profiting from swing trading strategies.

March 20th — WEEX has rolled out its AI Spot Trading Duel Challenge. **How it works**: - Users predict a designated coin’s price trend via AI analysis, then opt to go long or short. - Correct call? Earn a blind box reward (up to $10 USDT) per win. - 5 straight correct predictions? Score an extra reward (up to $30 USDT). Total prize pool: $300,000 USDT. **Event Period**: March 19 8:00 PM — March 24 7:59:59 PM (UTC+8). **Key updates**: - The predicted coin swaps out every 12 hours (multiple entries allowed; blind box rewards stack). - Centrifuge (CFG)’s second round is now live. - BTC’s third round goes live tonight at 8:00 PM (UTC+8).

**Bitcoin Spot ETF Flows (U.S.) – March 19 (as of March 20 Farside Investors Data)** U.S. Bitcoin spot ETFs posted a net outflow of $90.20 million yesterday, per Farside Investors’ March 20 monitoring. Fund-specific breakdown: - Blackrock IBIT: -$38.30M - Fidelity FBTC: -$26.00M - Bitwise BITB: -$17.20M - ARK ARKB: -$15.20M - Franklin EZBC: +$4.10M - ProShares BRRR: +$3.20M - Grayscale GBTC: -$5.50M - Grayscale BTCM: +$4.70M **Ethereum Spot ETF Flows (U.S.) – March 19 (as of March 20 Farside Investors Data)** U.S. Ethereum spot ETFs recorded a net outflow of $131.20 million on the same day. Fund flows: - Blackrock ETHA: -$102.30M - Blackrock ETHB: +$7.70M - Fidelity FETH: -$11.80M - Bitwise ETHW: -$5.80M - VanEck ETHV: -$7.10M - ProShares QETH: -$3.40M - Grayscale ETHM: -$8.50M Note: "Yesterday" refers to March 19 (per the March 20 reporting date).