10 #Bitcoin ETFs outflows 4,964 $BTC(-$458.3M) and 9 #Ethereum ETFs outflows 4,701 $ETH(-$15.21M) yesterday.

March 31st — Cosmos ecosystem lending protocol Mars Protocol announced that following Governance Proposal MRC-165, its full liquidation process has been completed: all liquidation LTV thresholds have been adjusted to 0, all outstanding borrowing positions have been fully liquidated, and user funds held in credit accounts and Mars v1 have been directly refunded to their respective wallets. The team noted that funds held in custody by Amber will be notified separately via official Amber channels in the coming days. Mars Protocol’s official Discord and Telegram will close shortly and will no longer provide support or updates. The Mars team stated this action marks the official, orderly conclusion of the protocol.

**Wintermute Weekly: Bitcoin Perps-Spot Ratio Hits 15x, Volatility Compresses — “Coiled Spring” Setup Brewing** In its March 31 weekly market report, market maker Wintermute noted Bitcoin’s perpetual contract-to-spot volume ratio has climbed to 15x, while funding rate volatility is at a cycle low. This signals high leverage but a lack of directional consensus — a setup the firm likens to a “coiled spring,” with potential for a large unidirectional move. Wintermute outlines two key scenarios: - **Bullish Catalyst**: Should geopolitical tensions ease meaningfully and oil drop to ~$100/bbl, shorts could face a squeeze pushing BTC to $70k–$74k. Further easing may test the $74k resistance level. - **Bearish Catalyst**: Conversely, if tensions escalate and oil hits $120/bbl, BTC could fall to just above $60k — and to the mid-$50k range if cyclical trends repeat. On a broader macro note, direction doesn’t matter here — the market structure does. Futures leverage is elevated, fund

On March 31st, on-chain analyst Ai Yi (@ai_9684xtpa) reported that Ethereum whale luggis (@luggisdoteth) emerged from a year of dormancy and is suspected of offloading ETH. A year ago, the whale unstaked 5,566 ETH from Lido (when ETH traded at $2,210.84) and made no transactions thereafter. Just two hours prior, however, he deposited 2,000 ETH (worth roughly $4.08 million) into Binance. It remains unclear if the remaining 3,567 ETH in his wallet will also be transferred out.

On March 31, Trump posted on his Truth Social platform, saying: “To all those countries that can’t get aviation fuel through the Strait of Hormuz—like the UK, which refused to join in destroying Iran—I have some advice: First, buy from the US—we’ve got plenty of oil; Second, grow a pair, head to the Strait of Hormuz, and seize the oil. You need to start learning self-reliance; the US won’t help you like it used to. Iran’s basically destroyed. The hardest part is over. Go get the oil yourselves.”

March 31st — Per HyperInsight Monitoring, Citibank cut its price target on Micron Technology by 17% from $510 to $425, citing a recent sharp softening in DDR5 DRAM spot prices. The bank maintained a Buy rating and kept all earnings forecasts unchanged. Micron’s stock fell 1.5% in pre-market trading. On Hyperliquid, the MU contract’s intraday decline widened to 12.5%, last trading at $317. On Hyperliquid, the largest long position in MU held by the “Continue Capital Associated Address” saw its floating loss rise to $1.25 million, with a return rate of roughly -320%. The position size totals $5.47 million, with an average entry price of $390 and a liquidation price of $310.2. It is currently 2.2% away from liquidation, with no stop-loss in place yet.

On March 31, the MGBX platform launched a limited-time New User Task Event for newly registered users. During the event, new users who complete tasks—including real-name authentication, account funding, and contract trading—within 30 days of registration will unlock contract trial funds incrementally. Rewards are cumulative, with a maximum of 30,000 USDT in contract trial funds per user.