Bitcoin (BTC) — Onchain News & Whale Tracking

SlowMist: Bybit, after being hacked, nearly $1.5 billion in ETH assets has mostly flowed into the Bitcoin network

On March 4th, SlowMist Cosmos made a post on the X platform stating, "Bybit has been hacked, with nearly $1.5 billion worth of ETH assets being stolen. After some recovery efforts, the rest of the assets have left the Ethereum network. A significant portion has entered the Bitcoin network and undergone complex coin mixing operations on Bitcoin. The node operators of THORChain have reaped considerable profits."

If Bitcoin drops below $81,000, the mainstream CEX long liquidation volume will reach 66.77 million

On March 4th, based on Coinglass data, if Bitcoin drops below $81,000, the cumulative intensity of long liquidation in mainstream CEX will reach 66.77 million. Conversely, if Bitcoin exceeds $85,000, the cumulative intensity of short liquidation in mainstream CEX will reach 105 million. BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to neighboring liquidation clusters, that is, intensity. Therefore, the liquidation chart shows to what degree the price of the underlying asset will be influenced when it reaches a certain level. A higher "liquidation bar" indicates that when the price reaches that level, there will be a more intense reaction due to a liquidity cascade.

Bitcoin Drops Below $84,000, 24-hour Decrease of 9.26%

On March 4th, based on HTX market data, Bitcoin dropped below $84,000 and is currently trading at $83,975, with a 24-hour decrease of 9.26%.

Bitcoin briefly drops below $83,000, with a 24-hour loss of 10.05%

On March 4th, based on HTX market data, Bitcoin briefly fell below $83,000 and is currently trading at $83,184, experiencing a 24-hour loss of 10.05%.

Arthur Hayes: Uncertain if Bitcoin Will Drop Below $70,000, Will Buy the Dip Each Time

On March 4th, Arthur Hayes, the co-founder of BitMEX, posted a message saying, "Currently, Bitcoin and the broader cryptocurrency market are the only truly global free markets in the world. The price of Bitcoin provides a real-time signal to the world about the state of fiat liquidity. Just before the Trump midterm elections, Bitcoin reached a high of $110,000, and then during a significant price drop, it touched a low of $78,000, a decline of approximately 30%. Bitcoin is shouting: a liquidity crisis is imminent, even though the U.S. stock market index remains close to all-time highs. I believe in Bitcoin's signal, so I think the U.S. stock market is on the verge of a severe pullback due to recession concerns." "If Bitcoin leads the market in the downward direction, it will also play a similar role in the upward direction. Given the massive embedded leverage in the system that turns small financial disturbances into full-blown panics, if my prediction is roughly correct, we won't hav

Analyst: Bitcoin has shifted to a bearish trend, with market sentiment heavily influenced by macroeconomic factors

On March 4th, cryptocurrency analysts pointed out that Bitcoin has now entered a bearish trend, and its weekend gains have completely disappeared. Although Trump's statement about cryptocurrency reserves temporarily halted the downward momentum, underlying macroeconomic issues still remain. In the past few days, Bitcoin's price has shown significant volatility. In essence, Trump's statement may only have superficially addressed a very serious issue. Last week, the cryptocurrency fear and greed index dropped to the lowest level since 2022. There are several reasons why Bitcoin is currently bearish. First, the macroeconomic situation is not a bullish factor for cryptocurrency. The Atlanta Fed's GDPNow model now predicts that by the end of the first quarter of 2025, the US GDP will contract by 2.8%. From an economic perspective, this forecast, compared to the 3.9% growth predicted four weeks ago, is considered catastrophic. Another significant factor is Trump's proposed tariff policy. Al

Bitcoin Drops Below $86,000

Update: On March 4th, based on HTX market data, Bitcoin fell below $86,000 with a 24-hour decline of 7.89%.

Bitcoin, Ethereum Erase All Gains Since Yesterday

On March 4th, based on HTX market data, Bitcoin and Ethereum have wiped out all the gains they had since yesterday when Trump announced his cryptocurrency war chest plan. (Golden Ten)

Bitcoin Briefly Drops Below $87,000

On March 4th, according to HTX market data, Bitcoin temporarily fell below $87,000, with a 24-hour decline of 5.57%.

Bitcoin Drops Below $88,000

On March 4th, according to HTX market data, Bitcoin dropped below $88,000, experiencing a 24-hour decline of 6.06%.

Bitcoin Drops Below $89,000

On March 4th, according to HTX market data, Bitcoin fell below $89,000, experiencing a 24-hour decline of 4.94%.

Hut 8, a mining company, achieved a net income of $331 million last year and held 10,171 bitcoins as of the end of last year.

On March 4th, as per the report by CoinDesk, the Bitcoin mining company Hut 8 released its 2024 financial report. It showed a yearly net revenue of $331 million and a revenue of $162 million, which was benefited from the increase in the Bitcoin price. By the end of 2024, Hut 8 held 10,171 bitcoins, which were valued at approximately $905 million at the current price. Most of these bitcoins had been used as collateral to purchase more ASIC miners. The report indicates that in the fourth quarter, Hut 8's energy cost per megawatt-hour decreased by 30% year-on-year to $31.63. As of the end of December 2024, the company managed approximately 1,020 megawatts of power and had more than 12,300 megawatts in expansion plans. Hut 8 has strengthened its cooperation with one of the world's largest mining hardware manufacturers, Bitmain. It signed a hosting agreement, which is expected to generate $125 million in annual revenue and jointly develop next-generation ASIC miners. At the same time, the

Bitcoin Drops Below $90,000

On March 3rd, based on HTX market data, Bitcoin has fallen below $90,000 and is currently trading at $89,422.

Bitcoin briefly dropped below $91,000, experiencing a 2.87% drop in the past hour.

On March 3rd, according to HTX market data, Bitcoin briefly fell below $91,000 and is currently trading at $90,987.

Bitcoin Temporarily Drops Below $92,000

On March 3rd, based on HTX market data, Bitcoin briefly fell below $92,000 and is currently trading at $91,745.

A certain dormant whale address deposited 1250 bitcoins into Binance 4 hours ago.

On March 3rd, as per the monitoring of LookOnChain, a dormant whale address that had been inactive for 3 years made a deposit of 1250 Bitcoins into Binance 4 hours ago. The value of these Bitcoins is $1.1496 billion.

Bitcoin Temporarily Drops Below $93,000

Update: On March 3rd, based on HTX market data, Bitcoin briefly fell below $93,000 and is currently trading at $93,045.

Swiss National Bank Explicitly Refuses to Include Bitcoin as Reserve Asset

On March 3rd, according to the report from FinanceFeeds, the Swiss National Bank (SNB) has explicitly stated that it will not regard Bitcoin as a reserve asset. The reason given is the concern over the stability of this cryptocurrency. This decision has delivered a substantial setback to the hope that Bitcoin would become a recognized reserve asset. The Swiss central bank adopts a cautious attitude towards Bitcoin mainly because of its high price volatility and rapid changes. For instance, in 2022, Bitcoin witnessed a 17.5% plunge within a single day. In contrast, traditional reserve investments like gold and foreign exchange have demonstrated more stable performance over the long term. That is why central banks around the world have a preference for these assets. This rejection emphasizes the challenge that cryptocurrencies encounter in gaining recognition from the global mainstream banking system. While some countries and companies are integrating digital assets into their reserves

Eric Trump: My advice right now is to HODL (Hold On for Dear Life) Bitcoin

On March 3rd, Eric Trump, the son of former U.S. President Donald Trump, posted on Platform X and stated, "My current advice: HODL (that is, hold on firmly)." Before this, on February 25th, Eric Trump posted on Platform X and said, "Buy the dips!!!" (Purchase the dips).

MicroStrategy did not increase its Bitcoin holdings last week

On March 3rd, MicroStrategy announced that it had not made any purchases of Bitcoin from February 24, 2025, through March 2nd.

Bitcoin price briefly surpasses $93,000

On March 3rd, based on HTX market data, Bitcoin briefly rose above $93,000 and is currently trading at $93,013, showing a 24-hour price change of 8.21%.

Jia Nan Technology: Total Held Bitcoin Reaches 1355 Coins

On March 3rd, the Nasdaq-listed company Canaan Inc. issued an update on its Bitcoin mining operations for February 2025 and disclosed the preliminary unaudited financial settlement as of December 31, 2024. In this update, the company stated that it held a total of 1355 bitcoins and had achieved a fully operational hash rate of 0.93 EH/s since February of this year. The estimated total revenue for the fourth quarter of 2024 is approximately 89 million USD.

CryptoQuant CEO: The crypto market is becoming a strategic tool for the United States, with Bitcoin and Ethereum potentially occupying a "frenemy" position.

On March 3rd, Ki Young Ju, the CEO of CryptoQuant, stated in a post that "The cryptocurrency market is increasingly being used as a strategic tool by the United States. Since Trump was elected, universal ethical standards have been on the decline. Now, anything that benefits Trump and serves the interests of the United States is no longer regarded as illegal." Although the US has opened its market without proper regulatory measures to prevent "exit scams" and similar actions, a clear principle has been established: "Follow the agenda of the Trump administration and contribute to the interests of the United States." The issuance of Trump meme coins symbolizes this principle. Ultimately, "coins that serve the interests of the United States" may end up being harmful to all countries except the United States. It seems to be a strategy to dominate the crypto market and attract foreign capital. This trend is also unfavorable for Bitcoin and Ethereum, which strive for neutrality and aim to

The probability of the United States establishing a national Bitcoin reserve this year on Polymarket has risen to 62%.

On March 3rd, based on the data from the official website, the probability of predicting "The United States will establish a national Bitcoin reserve by 2025" on Polymarket has increased to 62%.

QCP: Bitcoin Still Oscillating Near multi-month Low, High Volatility

On March 3rd, QCP issued its daily analysis stating, "Following a tumultuous week, we have ultimately reverted to the starting point of last Monday." During the weekend, Trump announced the establishment of the U.S. Crypto Strategic Reserve. Some consider that this move has been digested by the market for a long time, while others view it as the sole powerful catalyst to propel cryptocurrencies to a new all-time high later this year. Nevertheless, Trump chose to play this "trump card" early, causing BTC to rebound above $90,000 during the low-liquidity period on Sunday. As risk assets are warming up, are we back in a bullish trend? Not exactly. Currently, BTC is still fluctuating near the low point of a multi-month range. The front-end crypto market volatility remains at a high level. The two major mainstream coins (BTC & ETH) still exhibit a Put Skew. At the same time, the VIX index (Fear Index) remains high, reflecting overall anxiety in the broader risk asset market, especially af

If Bitcoin drops below $90,000, the mainstream CEX long liquidation volume will reach 540 million.

On March 3rd, according to Coinglass data, if Bitcoin drops below $90,000, the cumulative liquidation intensity of mainstream CEXs will reach $540 million. Conversely, if Bitcoin surges above $95,000, the cumulative liquidation intensity of mainstream CEXs will reach $361 million. BlockBeats Note: The liquidation chart does not accurately depict the number of contracts awaiting liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent clusters, that is, intensity. Therefore, the liquidation chart shows to what extent the underlying price will be impacted when it reaches a certain level. Higher "liquidation bars" suggest that the price reaching that level will trigger a more intense reaction due to a liquidity avalanche.

Bitcoin briefly drops below $92,000

On March 3rd, based on HTX market data, Bitcoin briefly fell below $92,000 and is currently trading at $92,037, with a 24-hour percentage change narrowing to 6.62%.

Bitcoin Surges Beyond $93,000

On March 3rd, according to HTX market data, Bitcoin has shown a rebound and exceeded $93,000, with a 24-hour percentage increase of 8.22%.

Data: On-Chain Whale has significantly increased their Bitcoin holdings in the past 24 hours

On March 3rd, as monitored by OnchainDataNerd, in the past 24 hours, certain whales have withdrawn a substantial amount of Bitcoin from Binance. Specifically: · bc1q0 withdrew 600 BTC (approximately $51.5 million). Over the past 3 days, they have made cumulative purchases amounting to 2,100 BTC (approximately $178.21 million) at an average price of $84,860. · 3PRHV withdrew 73.44 BTC (approximately $6.25 million) with an entry price of $85,188. · Galaxy_Digital withdrew 657 BTC (approximately $61.58 million). · 377Cr withdrew 332 BTC (approximately $31.25 million).

CME Bitcoin Futures Experience Largest Gap Ever, Exceeding $10,000

On March 3rd, the Chicago Mercantile Exchange (CME) witnessed its largest Bitcoin futures gap ever. This occurred after US President Trump announced the establishment of a cryptocurrency strategic reserve on March 2nd. According to TradingView data, subsequent to this announcement, the spot market witnessed an inflow of more than $300 billion, resulting in a $10,000 gap in CME Bitcoin futures. This record-breaking gap surpassed the previous highest one noted by Asymmetric founder Joe McCann in August 2024, which was slightly over $4,000. Analyst Rekt Capital observed: "Bitcoin has now officially filled the CME gap between $92,800 and $94,000 that was formed last week due to a spot market crash." He stated that Bitcoin has filled two CME gaps within a week. However, in this process, "Bitcoin has also created a new massive CME gap ranging from $84,650 to $94,000."

Oracle RedStone is now live on the Sui Network, providing on-chain pricing support for Bitcoin DeFi applications

On March 3rd, DeFi Oracle RedStone has become live on the Sui Network, thereby presenting BTC holders with more potent lending and staking prospects. Developers are now capable of leveraging a real-time and reliable price oracle to provide precise on-chain pricing support for Bitcoin-based DeFi applications.

Coinbase Co-founder: Bitcoin Is the Optimal Choice for a Strategic Reserve, Can Launch Crypto Market Cap Index to Maintain Fairness

On March 3rd, Brian Armstrong, the co-founder and CEO of Coinbase, commented on "Trump Is Pushing Forward With a Cryptocurrency Reserves Plan" on social media. He stated that in terms of strategic reserve asset allocation, Bitcoin might be the best choice. Acting as the successor to gold, Bitcoin has the simplest and clearest narrative. If people desire more diversity, they can weight the market value of cryptocurrency assets to ensure fairness. However, perhaps choosing only Bitcoin is the simplest option.

Bitcoin Breaks $94,000, 24-hour Gain Expands to 10.54%

On March 3rd, according to HTX market data, Bitcoin has surged and exceeded $94,000. It is currently trading at $94,012, and the 24-hour percentage increase has expanded to 10.54%.

Bitcoin Breaks $93,000, Up 9.25% in the Last 24 Hours

On March 3rd, based on HTX market data, Bitcoin has exceeded $93,000. It is currently trading at $93,102, with a 24-hour price change of 9.25%.

Bitcoin Breaks $92,000, Up 8.3% in the Last 24 Hours

On March 3rd, based on HTX market data, Bitcoin surpassed $92,000 and is currently trading at $92,142, showing a 24-hour percentage change of 8.3%.

Bitcoin briefly surged above $91,000, now trading at $90,623

On March 3rd, based on HTX market data, Bitcoin briefly soared above $91,000 and reached $91,720. Currently, it is priced at $90,623, indicating a 24-hour increase of 6.7%.

Bitcoin Regains $90,000 Handle, Now Priced at $90,179

On March 3rd, based on HTX market data, Bitcoin regained the $90,000 level and is currently trading at $90,179, indicating a 24-hour increase of 6.4%.

The probability on Polymarket of "Trump establishing a strategic Bitcoin reserve within 100 days of taking office" has risen to 17%.

On March 3rd, the probability on Polymarket that "Trump will establish a strategic Bitcoin reserve within 100 days of taking office" has gone up from 10% to 17%. On January 20th, the day when Trump was inaugurated as president, this probability briefly rose to 48%. The trading volume on this prediction market has now reached $7.37 million.

Bitcoin Breaks $89,000, 24-hour Growth 4.62%

On March 3rd, based on HTX market data, Bitcoin has exceeded $89,000 and is currently trading at $89,309, with a 24-hour percentage change of 4.62%.

Bitcoin Dips Briefly Below $87,000, Now Trading at $87,279

On March 2nd, according to HTX market data, Bitcoin witnessed a brief pullback and dropped below $87,000. It is currently trading at $87,279, and the 24-hour percentage change has narrowed to 3.02%.

Bitcoin Surges Past $88,000, Reaching $88,666

On March 2nd, according to HTX market data, Bitcoin broke through $88,000 and reached $88,666. It is currently trading at $88,309, with a 24-hour increase of 4.02%.

Bitcoin Skyrockets, Surpassing $87,000

On March 2nd, according to HTX market data, Bitcoin witnessed a rapid surge and broke through $87,000. It is currently trading at $86,745, with a 24-hour increase of 2.32%.

If Bitcoin breaks $88,000, the mainstream CEX cumulative short liquidation strength will reach 842 million.

On March 2nd, based on Coinglass data, if Bitcoin breaks through $88,000, the cumulative short liquidation intensity of mainstream CEX will amount to 842 million. In contrast, if Bitcoin drops below $85,000, the cumulative long liquidation intensity of mainstream CEX will reach 390 million. BlockBeats Notes: The liquidation chart does not display the exact number of contracts to be liquidated or the precise value of contracts to be liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, intensity. Therefore, the liquidation chart shows to what degree the asset price will be influenced when it reaches a certain level. A higher "liquidation bar" indicates that when the price reaches that level, it will trigger a more intense reaction due to a liquidity cascade.

Investor sentiment drops to the level last seen in July 2022, when Bitcoin plummeted to $17,500.

On March 2nd, the Crypto Fear Index indicates that the current sentiment among cryptocurrency market investors has dropped to a level nearly three years low, with the index falling below 20. The last time this level was witnessed was in July 2022, shortly after Bitcoin plummeted to $17,500. Back then, following Bitcoin's monthly decline of more than 37% in June 2022, the market entered a state of extreme fear. Currently, multiple factors have once again given rise to a similar level of market sentiment. A Bitfinex analyst pointed out: "The combination of a significant drop in Bitcoin's price, regulatory uncertainties, security vulnerabilities, and the devaluation of altcoins has led to extreme fear in the crypto market." Despite such low market sentiment, analysts anticipate that Bitcoin will find support in the range of $72,000 to $80,000.

Swiss National Bank Chairman: Bitcoin Not Suitable as Reserve Asset

March 2nd: The President of the Swiss National Bank, Martin Schlegel, does not desire to view Bitcoin as the reserve asset of Switzerland. He pointed out factors such as the lack of stability, concerns about liquidity, and security risks. Schlegel stated on March 1st that the high volatility of Bitcoin and other cryptocurrencies is not beneficial to maintaining the value of the central bank's investments. "Secondly, our reserves need to be highly liquid so that they can be promptly utilized for monetary policy purposes when required." Since Bitcoin and cryptocurrencies operate on software, they are inherently susceptible to bugs and technical shortcomings. Although Schlegel recognized that the crypto market safeguards approximately $3 trillion in value, he stated that the industry is still a "niche phenomenon" when compared to the broader financial system. He does not believe that Bitcoin or cryptocurrencies could replace the Swiss Franc.

Bitcoin Surges This Morning, Breaking $86,000

On March 2nd, based on HTX market data, Bitcoin rebounded this morning and exceeded $86,000. It had a 24-hour gain of 2.54%.

Michael Saylor: $2.6 Billion Bitcoin Gain in First Two Months of 2025

On March 1st, Michael Saylor, who is the founder of Strategy (formerly MicroStrategy), put up a post stating that Strategy achieved a $13.1 billion (140,538 BTC) Bitcoin profit in the previous year and a $2.6 billion (30,702 BTC) Bitcoin profit during the first two months of 2025.

This week, the U.S. Bitcoin Spot ETF saw a cumulative net outflow of $26.141 billion

On March 1st, according to Farside data, this week the net outflow of US Bitcoin spot ETF reached a total of $26.141 billion.

Vitalik: 'Bitcoin Jesus' Roger Ver Being Sentenced to Life in Prison for Tax Evasion Is Absurd

On March 1st, the co-founder of Ethereum, Vitalik Buterin, posted a message saying, "It is absurd to be sentenced to life in prison for non-violent tax crimes." The case against "Bitcoin Jesus" Roger Ver appears to have a strong political motivation. Just like the case of the Silk Road founder Ross Ulbricht, many individuals and companies have been accused of more serious crimes but have received much lighter sentences than Roger. If the IRS is really threatening Roger's lawyers to obtain confidential information, that is a malicious act. The right to confidential legal counsel must be held in the highest regard. Genuine good-faith mistakes should be corrected by providing individuals with the opportunity to pay their taxes (including interest and penalties), rather than through prosecution.

Bitcoin Network's Latest Block Time is Over 77 Minutes

On March 1st, based on mempool data, the most recent block on the Bitcoin network is Block 885840, which was mined at 18:30:14. There is an interval of more than 77 minutes from the previous block, Block 885839, which was mined at 17:13:00.