According to DB News, the DOJ is cleared to sell 69,370 $BTC($6.58B) confiscated from Silk Road.

March 27th — Per HyperInsight monitoring (https://t.me/HyperInsight), the “Strategy Whale” address (0x94d3…) has fully closed out its 40x leveraged BTC long position. The position’s liquidation price was ~$68,308, resulting in a loss of ~$249,800. The whale had continued adding to this long position after BTC dropped below $69,000 early this morning, expanding the position size to 439.9 BTC (equivalent to ~$30.3 million). It opted for a stop-loss exit within the past half hour. Currently, the address has opened an initial short position of ~500,000 BTC at an average price of $67,923. Additionally, the address holds a 20x leveraged BRENTOIL long position: the position size is $25.74 million, with an average entry price of $98.64 and an unrealized profit of $1.16 million (34% gain).

March 27: Per Onchain Lens data, a whale has again deposited 500,000 USDC into HyperLiquid to boost its 25x-leveraged ETH long position.

March 27 — The Wall Street Journal reports Australia’s Federal Court has ordered Binance’s local derivatives arm to pay an additional AUD 10 million (roughly USD 6.9 million) in fines. This fine adds to the approximately AUD 13.1 million in compensation Binance already paid to affected customers by 2023. Australia’s corporate regulator, the Australian Securities and Investments Commission (ASIC), found the unit misclassified 524 retail investors as wholesale clients between July 2022 and April 2023. That exposed the investors to high-risk derivatives without consumer law protections, leading to over AUD 12 million in losses and costs. ASIC Chair Joe Longo said the ruling is a clear warning to financial services providers operating in Australia. A Binance spokesperson noted the issue was resolved in 2023. Its affiliated subsidiary Oztures has since shuttered its derivatives business and surrendered its license.

March 27 — Whale address 0x4e6b has withdrawn 20,000 ETH (≈$41.26 million) from Binance just 30 minutes ago, per LookOnChain monitoring data.

On March 27, data from Coinglass shows that if Bitcoin falls below $66,000, the cumulative long liquidation intensity across major centralized exchanges (CEXs) will reach $607 million. Conversely, should Bitcoin climb above $69,000, the cumulative short liquidation intensity for these mainstream CEXs will hit $638 million. BlockBeats Note: Liquidation charts do not show the exact number of contracts facing liquidation or their precise value. Instead, the bars on these charts reflect the importance of each liquidation cluster relative to its neighboring clusters—i.e., their intensity. Accordingly, the chart illustrates how significantly the underlying asset’s price will be impacted when it hits a specific level. A taller "liquidation bar" means the price will trigger a more intense reaction upon reaching that level, driven by a liquidity cascade.

March 27: Bitcoin dropped below $68,000, posting a 3.02% 24-hour decline, per HTX market data.