Bitcoin (BTC) — Onchain News & Whale Tracking

Sui has announced the launch of the Bitcoin financial platform Hashi, which has gone live on the Devnet

March 20 — Per official sources, Sui Network has officially launched Hashi, a new project aimed at pioneering a new era in Bitcoin finance. The initiative is backed by industry players including BitGo, Bullish, Erebor Bank, FalconX, Fordefi, and Ledger. Currently live on Sui’s Devnet (development network), Hashi is designed to bring core financial services—such as credit issuance and lending—to the Bitcoin ecosystem within a transparent, compliant framework. Its goal is to boost large-scale institutional adoption of Bitcoin, thereby enhancing the ecosystem’s capital efficiency and financial depth. Through Hashi, both institutional and retail Bitcoin holders can earn yields, lend out BTC, or borrow against their holdings. The platform also offers developers the infrastructure to build innovative financial tools, unlocking BTC’s utility in more real-world use cases.

Bitcoin Returns to Low Range Volatility as US Stock Crypto Plays Simultaneously Decline

March 20 HTX market data shows Bitcoin is trading in a low range again, currently at $70,071—down 1.51% over the past 24 hours. Total network liquidations hit $407 million in the same period, with $307 million in long positions and $100 million in short positions liquidated. Bitget market info indicates U.S. major indexes all closed lower: the Dow fell 0.4%, while the Nasdaq and S&P 500 each dropped 0.28%. Most crypto-related stocks declined: MSTR was down 1.65%, BMNR 1.26%, and CRCL 3.4%. Separately, after the U.S. Treasury Department announced a new general license related to Russia, WTI crude oil fell below $94 per barrel, dropping more than 1% intraday.

Bitcoin Price Drops Below $69,000

March 19 — Per HTX market data, Bitcoin has dropped below $69,000, posting a 3.4% 24-hour decline.

Coinbase Bitcoin Price Premium Index flips negative again, currently at -0.0022%

On March 19, Coinglass data shows Coinbase’s Bitcoin Premium Index flipped negative again—currently at -0.0022%—after 5 straight days of positive premiums. U.S. market buying sentiment has improved since February, following 40 consecutive days of negative premiums prior to that. **BlockBeats Note**: The Coinbase Bitcoin Premium Index measures the gap between Bitcoin’s price on Coinbase (a major U.S. exchange) and the global market average. It’s a key indicator for tracking U.S. capital flows, institutional investment interest, and shifts in market sentiment. - A **positive premium** (Coinbase price > global average) typically signals: strong U.S. buying pressure, active inflows from institutional/compliant funds, ample USD liquidity, and bullish investor sentiment. - A **negative premium** (Coinbase price < global average) often reflects: significant U.S. selling pressure, reduced risk appetite, higher market risk aversion, or capital outflows.

$20,000 Bitcoin Put Option Becomes Third Most Popular Strike Price Before Quarterly Expiry

**March 19 (CoinDesk) — Ahead of Deribit’s quarterly Bitcoin options expiration, the $20,000 put option is the third-most popular strike price with ~$5.96B in notional value, reflecting traders positioning for extreme downside amid Middle East geopolitical tensions.** Open interest breakdown shows the top three strikes: $125,000 calls ($7.4B), $75,000 ($6.87B), and $20,000 puts ($5.96B)—signaling broad expectations for both upside and downside moves. Total notional value for the expiration is $13.5B, with 195,719 BTC in open interest (120,236 BTC in calls, 75,482 BTC in puts). With BTC currently trading below $70k, the $20k strike is a deep out-of-the-money (OTM) option—only profitable if BTC plummets 70%+ from current levels. Much of this activity likely stems from traders selling deep OTM puts to collect premiums, indicating a $20k downturn is seen as low-probability (not a direct collapse hedge). In short, it’s more an income boost or volatility play than a direct bearish bet.

Bitcoin Holdings Strategy Gap Narrows to 21,102 Coins for BlackRock's BGI

March 19 — Strategy has recently ramped up its Bitcoin holdings, putting it on track to overtake BlackRock’s iShares Bitcoin Trust (IBIT) soon, per Bitcoin Treasuries data. As of March 19, 2026, Strategy holds 761,068 BTC (valued at ~$56.2B), narrowing its gap with BlackRock’s 782,170 BTC to just 21,102 BTC. Over the past two weeks, Strategy has acquired 40,331 BTC for ~$2.85B—its largest consecutive Bitcoin buys since January 2026—shrinking the gap significantly. At the current pace, Strategy is poised to overtake BlackRock within 1-2 weeks. Funding for the purchases has come primarily from strong demand for STRC preferred shares. STRC raised $11.8B to support the latest buys (covering ~75% of costs, enabling ~16,753 BTC) and contributed ~30% ($377M) to prior buys (~5,313 BTC). Chaitanya Jain, Strategy’s Bitcoin Strategy Manager, called the move “the most aggressive financial engineering feat to date, pushing the boundaries of Bitcoin capital formation.”

The probability of "Bitcoin Touching $80,000 in March" on Polymarket has decreased to 17%.

Bitcoin fell back to $70k on March 19th. On Polymarket, the odds of "Bitcoin hitting $80k in March" dropped to 17% (down from 42% the previous day). Meanwhile, the probability of Bitcoin falling to $65k in March rose to 46%, while the odds of it dropping to $60k fell to 18%.

Analysis: Pressure on Risk Assets such as Bitcoin Due to Rising Oil Prices and Fed Pause on Rate Cuts

**Crypto Market Under Pressure Amid Macro Headwinds (March 19)** CoinDesk reports Bitcoin fell to ~$70,000, Ethereum dropped to $2,160, and the broader crypto market faced downward pressure Wednesday. Two key macro bearish factors overlapped: 1. **Fed Policy**: The Federal Reserve held interest rates steady, keeping the federal funds rate range at 3.50%-3.75% and pausing its rate-cut cycle. This pushed the U.S. dollar higher and weighed on risk assets. 2. **Geopolitical Tensions**: After Israel targeted Iran’s Natanz nuclear facility, Iran struck key Gulf energy infrastructure. Brent crude rose to $114, Oman crude hit $150, and European natural gas futures surged ~25% to over $78/MWh Thursday. ### Derivatives Data - Crypto exchanges liquidated nearly $600 million in leveraged positions over 24 hours, with long positions dominating—signaling the overnight drop caught bullish traders off guard. - Total futures open interest (OI) fell 5.6% to $106.9 billion; Ethereum future

Galaxy Digital: Quantum Computing Poses a Real Threat to Bitcoin, But Is Far From an Existential Crisis

March 19, CoinDesk reported that Galaxy Digital Research Head Alex Thorn stated the quantum computing threat to Bitcoin is real but far from an existential crisis—investors should not confuse a long-term technical challenge with an imminent threat. On the threat front: A sufficiently advanced quantum computer could theoretically derive a private key from an exposed public key, enabling signature forgery and fund theft. Analysis from Project Eleven—a security firm focused on digital asset quantum risk—shows ~7 million bitcoins (valued at roughly $470 billion at recent market prices) qualify as “long-term exposed,” meaning their public keys have been exposed on-chain. However, Thorn emphasized most Bitcoin is not at direct risk now: Exposure only occurs with address reuse, custodians cutting corners, or funds stored in legacy-format addresses. On the response side: Thorn noted Bitcoin developers are advancing multiple solutions, including: - New address types relying on post-quan

Yesterday, the US Bitcoin spot ETF saw a net outflow of $163.5 million, and the Ethereum ETF saw a net outflow of $55.7 million.

March 19 — Farside monitoring data shows U.S. Bitcoin spot ETFs recorded a net outflow of $163.5 million yesterday, while Ethereum spot ETFs saw $57 million in net outflows.

If Bitcoin drops below $68,000, the cumulative long liquidation pressure on major CEXs will reach $6.08 billion

As of March 19, Coinglass data shows mainstream centralized exchanges (CEXs) would face cumulative long position liquidation strength of $608 million if Bitcoin drops below $68,000. Conversely, if Bitcoin climbs above $72,000, these CEXs would see cumulative short position liquidation strength reach $856 million. BlockBeats Note: Liquidation charts do not precisely display the number of pending liquidation contracts or the exact value of liquidated contracts. Instead, the bars on these charts represent the relative importance of each liquidation cluster compared to adjacent clusters—i.e., "strength." Accordingly, liquidation charts illustrate how impactful Bitcoin reaching a specific price level will be: higher bars signal a more intense market reaction due to a liquidity cascade once the price hits that threshold.

Analyst: Bitcoin May Enter Low Volatility Phase Unless Major Event Occurs

**March 19 Quick Note** Greek.live analyst Adam noted Wednesday that U.S. stocks showed a clear contagion effect from crypto markets: major U.S. equities slid sharply, pushing Bitcoin down from $74,000 to $71,000, while altcoins followed suit. Despite Fed Chair Powell’s hawkish remarks—warning of inflation risks from regional conflicts and signaling the Fed may skip rate cuts this year—the market had already priced in this outlook, and the rate decision was in line with expectations. The volatility spike from the drop was extremely short-lived; as of this morning, it has fallen below levels seen yesterday afternoon. With the quarterly settlement week approaching, Bitcoin could enter a low-volatility phase unless a major event disrupts the trend.

Binance Research: Gold Dips in Sync with Bitcoin, Confirming Broad De-Risking

**March 19 Flash Update (Binance Research)** Geopolitical tensions escalate alongside a hawkish Fed, triggering a global **oil-driven stagflation shock**—key market moves: - **Oil**: Brent crude jumps 7%; WTI crude rises 4.2% - **Stocks**: S&P 500 down 1.45%; Nasdaq -1.25%; Russell 2000 -1.64% - **Metals**: Gold drops 3.6%; Silver -4.9% - **Dollar/Treasuries**: U.S. Dollar Index (DXY) up 0.76%; 10-year Treasury yield +6.5bps; CBOE Volatility Index (VIX) surges 17% to 25 - **Crypto**: Bitcoin falls 4.6%; Ethereum -5.2% ### Macro & Middle East Developments - Iran threatens Gulf energy facility strikes after Israeli attacks on its largest gas field; Qatar’s Ras Laffan Industrial City confirms missile damage. - Hormuz Strait crude transit remains 98% below pre-conflict levels. - Pentagon seeks White House approval for over $200B in special funding for potential conflict with Iran. - Fed holds rates steady, maintains 2024 one-rate-cut forecast; **Producer Price Inde

Whale Alert: Bitcoin Whale Owen Gunden Sells Another 650 BTC, Worth Around $46.3 Million

March 19th: Per Lookonchain data, Bitcoin whale Owen Gunden sold another 650 BTC (~$46.3M) 10 hours ago—he previously offloaded 11,000 BTC (valued at ~$1.12 billion).

A certain Bitcoin ancient whale deposited 1,000 BTC to a CEX, worth approximately $71.57 million

March 19: Per OnchainLens monitoring, a whale address deposited 1,000 BTC to Binance, worth roughly $71.57 million. The whale initially purchased 5,000 BTC 13 years ago. Of that total, 3,500 BTC (≈$340.54 million) have been transferred to Binance to date, while the address still holds 1,500 BTC (≈$106.49 million).

Bitcoin Dips Briefly This Morning, Touches $70,500

On March 19, per HTX market data, Bitcoin briefly dropped to $70,500 this morning but has since rebounded to around $71,000, with its 24-hour loss narrowing to 4.04%.

YouTube Comedy Sketch "Crypto Castle" Goes Live, Set in the $250 Bitcoin Era

On March 18, the YouTube comedy short *Crypto Castle* dropped—set during a time when Bitcoin was worth just $250. Actress Viv Ford stars as Viv, recounting her cohabitation with four early Bitcoin adopters in a single apartment, highlighting the growth and evolution of cryptocurrency as a subculture.

Bitcoin Falls Below $71,000, 24-hour Loss Extends to 4.1%

March 18th — Bitcoin has fallen below $71,000, with its 24-hour decline widening to 4.1%, per HTX market data.

Eric Trump: Family Mining Business American Bitcoin Ranks as the World's 16th Largest Publicly Traded Bitcoin Company

March 18: Eric Trump, son of former U.S. President Donald Trump, announced on X that American Bitcoin Corp (ABTC) — the Trump family’s mining company — has surpassed Galaxy Digital in Bitcoin holdings, becoming the world’s 16th-largest publicly traded Bitcoin company. Prior to the news, ABTC added 399 Bitcoins to its stash, bringing its total holdings to 6,899.

Bitcoin Falls Below $72,000, 24-hour Decline Widens to 2.17%

Bitcoin Falls Below $72,000; 24-Hour Decline Widens to 2.17% (HTX Market Data, March 18)

Trump Family-Linked Mining Firm ABTC Increases Bitcoin Holdings by 399 BTC, Totaling 6,899 BTC

On March 18, American Bitcoin Corp (ABTC)—a Bitcoin mining firm affiliated with the Trump family—mined 399 bitcoins, pushing its total holdings to 6,899.

Saylor University Receives Accreditation from the University of Florida, Launches Bitcoin Economics Specialization

On March 17th, Saylor University (formerly Saylor Academy) secured university accreditation from the Florida Department of Education (DOE) and international academic accreditor ASIC. Founder Michael Saylor publicly confirmed the milestone the next day, March 18th. In Bitcoin education, the institution offers a Bitcoin Economics specialization covering Bitcoin’s evolution, real-world applications, and impact on the global economic system—all related courses are freely accessible to the public. Post-accreditation, the university has upgraded its four existing Master of Business Administration (MBA) courses to formal degree programs, each totaling 30 credits. These programs are available online for free to students in Florida and globally. The platform currently features over 150 free courses spanning management, computer science, humanities, and career development.

Bitcoin Drops Below $73,000, 24-hour Loss 0.98%

On March 18, HTX market data shows Bitcoin dropped below $73,000, down 0.98% over the past 24 hours.

QCP: Bitcoin Likely to Consolidate Around $74,000, Fed Decision in Focus Tonight

**QCP Capital Notes Bitcoin Range-Bound at ~$74k Amid Macro, Geopolitical Uncertainty** On March 18, QCP Capital shared in an official post that Bitcoin is trading within the range established post-shock at ~$74,000, but lacks upward momentum to breach recent highs. On-chain fund flows point to dip buying at the range’s lower bound, though spot trading volume remains muted. While the broader crypto market remains under pressure, its losses are relatively contained compared to drawdowns in other macro-sensitive risk assets. Options markets are stable but defensive: 30-day implied volatility (IV) holds steady near 50% (above realized volatility), supporting positive carry and favoring option sellers. The risk reversal metric shows puts remain more expensive than calls, with front-end skew negative and the back-end curve still pricing in residual geopolitical premium. This week marks a central bank “super week”: the Fed wraps up its March meeting Wednesday, followed by the ECB, B

US Bitcoin Spot ETF Hits Longest Inflow Streak in 5 Months

Tuesday, March 18 U.S. spot Bitcoin ETFs saw a net inflow of $199.4 million on Tuesday, extending their streak of positive net inflows to seven straight trading days—marking the longest such streak since October 2025. BlackRock’s IBIT led the charge with $169 million in inflows, while Fidelity’s FBTC recorded $24.4 million. Over the past seven trading days, the funds have attracted roughly $1.17 billion, putting them on track for a fourth consecutive week of net inflows. BTC Markets analyst Rachael Lucas noted that institutional confidence is rebounding, fueled by structural, long-term allocation demand—not reactive buying. On the same day, Ethereum, Solana, and XRP ETFs also posted net inflows of $138 million, $17.8 million, and $4.6 million, respectively.

Yesterday, the US Bitcoin spot ETF saw a net inflow of $199.4 million, marking the seventh consecutive day of inflows.

March 18: Per Farside monitoring data, U.S. Bitcoin spot ETFs logged a net inflow of $199.4 million yesterday — marking the seventh straight day of fund inflows.

Viewpoint: Bitcoin Must Hold $73,344, First Upside Target Is $79,234

March 18th — Crypto analyst Ali Charts says Bitcoin is positioned for an upward trend after closing above the $73,344 resistance level on the daily chart. For the uptrend to sustain, the $73,344 mark must now function as structural support. Upside targets: ? $79,234 ? $85,555 Ali Charts noted that the recent retest of $73,344 has raised the probability of further price gains.

Bitcoin Core releases v31.0rc1 test version

On March 18, Bitcoin Core released the v31.0rc1 test version—the next major release following v30.2. The version is currently available for testing: developers can download the binary file and review the release notes. The official version is expected to launch once subsequent testing wraps up.

The market awaits the Fed's decision, Bitcoin trades sideways near its peak, while US stocks, gold, and oil experience low volatility fluctuations.

March 18th The Middle East situation remained deadlocked overnight and into Tuesday, with investors digesting the inflationary impact of elevated oil prices and shifting focus to the upcoming Federal Reserve (Fed) interest rate decision. U.S. stocks, gold, and oil traded in narrow ranges, while U.S. Treasury yields and the U.S. dollar both declined. Bitcoin, however, failed to extend its strong momentum from Monday, trading sideways around $74,000. Per Bitget market data: - U.S. major indices closed slightly higher: S&P 500 up 0.25%, Nasdaq Composite up 0.47%, Dow Jones Industrial Average nearly unchanged. - Energy stocks gained across the board, with Exxon Mobil rising 1%. - Most crypto-related stocks advanced: MicroStrategy (MSTR) up 1.87%, Bitfarms (BMNR) down 0.68%, Circle (CRCL) adding 5.15% to break above $130. Per HTX market data: Bitcoin once again failed to breach $75,000, retreating to $73,980.53. The Fed will announce its interest rate decision at 2 a.m. B

Bitcoin Treasury Company Capital B Raises €3 Million in Funding Round with Participation from TOBAM

March 17 – Per Bitcoin For Corporations, French firm Capital B has raised €3 million via a warrant financing round, with investors including TOBAM and UTXO Management, to advance its Bitcoin reserve strategy. Per disclosures, the financing is expected to add roughly 36 BTC to its holdings. If the related plans are fully executed, the company’s potential Bitcoin holdings could reach approximately 2,880 BTC. This move marks the latest example of companies continuing to integrate Bitcoin into their balance sheets, signaling that corporate Bitcoin reserve strategies are still expanding.

Bitcoin Sees First 8-Day Rally in 4 Years, Median 19% Gain in Subsequent Performance

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%.

Wintermute: Watch Key Resistance Levels at $74,000 and $80,000 Bitcoin

March 17th, cryptocurrency market maker Wintermute released a market analysis noting the Middle East conflict has entered its third week of escalation: Brent crude prices jumped 26% that week, while markets revised 2026 rate-cut expectations down to just one cut. Against this backdrop, crypto outperformed all major asset classes except oil—BTC rose for the week, while stocks, bonds, and gold all posted declines. On the macro front, annualized core PCE hit 3.1%, non-farm payrolls fell by 92k, and the unemployment rate climbed to 4.4%—stagflation is now the baseline scenario. This week, the Federal Reserve (Fed), European Central Bank (ECB), Bank of Japan (BOJ), and Bank of England (BOE) will all announce interest rate decisions on the same day, marking the most concentrated macro event in recent months. Wintermute said current conditions are more favorable than they’ve been in months. **Coinbase’s premium reset, ETF inflows, and institutional trading flows all align.** Still, caut

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

On March 17, CryptoQuant analyst @AxelAdlerJr noted that Bitcoin spot ETF inflows have rebounded recently, but the cryptocurrency’s price remains $5,174 below the ETF’s realized price — which roughly equals the average cost of Bitcoin held by the ETFs. The analyst added that a demand recovery could push prices higher, though resistance near $80,000 may trigger profit-taking. Monitoring subsequent macro data will be critical to assessing the asset’s breakout potential.

Probability of Bitcoin Hitting $80,000 in March Reaches 44% on Polymarket

As of March 17th, Polymarket odds for Bitcoin hitting $80,000 in March have climbed to 44% amid the recent cryptocurrency market rebound. Conversely, the probability of Bitcoin dropping to $60,000 in March has fallen to 12%.

MetaPlanet has transferred 4,986 Bitcoins to a new address

On March 17, OnchainLens monitoring data indicates that MetaPlanet—Japan’s largest Bitcoin custodian—transferred 4,986 Bitcoins (valued at $368.3 million) to a new wallet address after three months of inactivity. The move is speculated to be a routine fund consolidation rather than a sale.

Bitcoin Falls Below $74,000, Ethereum Drops Below $2,300

On March 17, per HTX market data, Bitcoin dropped below $74k, trimming its 24-hour gain to 0.6%; Ethereum fell under $2,300, trimming its 24-hour gain to 1.95%.

Yesterday's US Bitcoin Spot ETF saw a net inflow of $199.4 million, marking the 6th consecutive day of net inflows

On March 17, data from Farside monitoring shows U.S. Bitcoin spot ETFs recorded a net inflow of $199.4 million yesterday—their sixth consecutive day of net inflows. BlackRock’s IBIT led with $139.4 million in net inflows, while Fidelity’s FBTC saw $64.5 million in net inflows.

Michael Saylor: Bitcoin is Not Susceptible to AI Disruption and Will Emerge as a Significant Beneficiary

March 17: MicroStrategy founder Michael Saylor posted on X, noting: “If AI compresses terminal value and turns all moats temporary, capital will flow to assets not subject to disruption risk. Bitcoin is digital capital—scarce, neutral, and impervious to AI disruption. In this transition, BTC stands to be a primary beneficiary.” ### Notes on U.S. language habits adjustment: 1. **Date format**: Kept American-style "Month Day" (no comma between day/year, optional colon for clarity). 2. **Company clarity**: Added "MicroStrategy" (Saylor’s firm, widely recognized in U.S. tech/crypto circles—original "Strategy" is likely a shorthand). 3. **Platform specificity**: Specified "X" (Saylor’s primary social platform for such posts, aligns with U.S. audience familiarity). 4. **Tone naturalness**: - Replaced "stating" with "noting" (more casual for social media posts). - Used "turns" instead of "makes" (more conversational for U.S. English). - Swapped "should be" for "stands t

Hold Bitcoin Strategy Turns Loss into Gain, Currently with $120M in Unrealized Gains

March 17th Per HTX market data, Bitcoin has risen 4.6% over the past 24 hours, currently trading at $75,858. The Strategy’s Bitcoin holdings have flipped from loss to profit, with a current unrealized gain of 0.21%—roughly $120 million. As of March 15, 2026, the Strategy holds 761,068 BTC total, with a total cost of ~$57.61 billion and an average entry price of ~$75,696 per BTC. The firm has aggressively ramped up its holdings for two straight weeks: - Week ending March 8 (March 2–8): Spent ~$1.28 billion to buy 17,994 BTC, average price ~$70,946/BTC. - Last week: Allocated ~$1.57 billion to acquire 22,337 BTC, average price ~$70,194/BTC.

A British man accuses his wife of using surveillance cameras to steal $172 million in Bitcoin

On March 17, CoinDesk reported that the UK High Court last week greenlit a trial for a theft case involving 2,323 bitcoins—currently worth roughly $172 million—testing how UK property law applies to digital assets. UK resident Ping Fai Yuen claims in court filings that his estranged wife, Fun Yung Li, secretly obtained the mnemonic seed phrase for his hardware wallet via home surveillance cameras in August 2023 and transferred the bitcoins without authorization. At the time of the theft, the coins were valued at ~$60 million; they’ve since surged to ~$172 million at current prices. The funds were held in a PIN-protected Trezor cold wallet, but anyone with the 24-word seed phrase can reconstruct the wallet and move the assets. The transferred bitcoins have gone through multiple transactions and are now dispersed across 71 non-exchange blockchain addresses, untouched since December 21, 2023. Yuen said he installed recording devices at home after his daughter warned him his wife was

Bitcoin Surpasses $75,000

On March 17th, Bitcoin broke above $75,000, per market data from HTX, posting a 3.12% gain over the past 24 hours.

HIVE Digital's Strategic Shift: Scaling Down Bitcoin Mining in Sweden, Doubling Down on Canadian AI Data Centers

March 16 (The Block) — Publicly traded Bitcoin miner HIVE Digital Technologies is executing a major strategic shift, The Block reported Thursday. Citing tax disputes and operational uncertainties, HIVE said it will gradually scale back its Bitcoin mining operations in Boden, Sweden. The company’s ASIC mining unit there faces challenges from local authorities, including what it describes as “misuse of existing tax rules” (such as mandatory collateral requirements) that have created operational ambiguity. As a result, HIVE is downsizing the operation, reallocating resources to its AI and high-performance computing (HPC) strategy in Europe, and may fully exit Bitcoin production in Sweden down the line. Separately, HIVE — via its subsidiary BUZZ High Performance Computing — plans to quadruple its liquid-cooled AI data center capacity in Canada. Current capacity in Manitoba stands at 4 megawatts (MW); the expansion will boost total capacity across two provinces to 16.6 MW. This includ

Bernstein: Bitcoin is constructing a more resilient ownership structure, with Strategy playing the role of the "lender of last resort"

March 16—Bernstein analysts said in a report Wednesday that Bitcoin is building a more resilient ownership structure as institutional funds flow in via ETFs and corporate treasury strategies reshape the market. Led by analyst Gautam Chhugani, the team noted in a client report Monday that Bitcoin has demonstrated resilience amid the recent Middle East conflict, outperforming traditional assets like gold and global stock indices. Bernstein’s analysts argue that the growth of spot Bitcoin ETFs and demand from large corporate treasury buyers have reshaped Bitcoin’s investor base—cutting reliance on speculative retail capital and bolstering its long-term outlook. The primary driver of this shift is Strategy. Bernstein notes the firm acts as the “ultimate Bitcoin lender” via its aggressive accumulation strategy. Strategy has kept buying through recent market volatility, adding 66,231 BTC so far this year at an average cost of nearly $85,000, the analysts said. Per a Monday 8-K fi

"The Buddy" Goes Long 22 Bitcoins with 40x Leverage

Strategy Once Again Increases Bitcoin Holdings Significantly Last Week by Acquiring 22,337 BTC

Market sources reported on March 16 that MicroStrategy acquired 22,337 bitcoins last week at an average price of $70,194 per coin, with the total transaction value reaching $1.5 billion.

Burniske: Bitcoin Retail Holders Panicked in Recent Months, but Hodlers Stayed Strong

On March 16, research and brokerage firm Bernstein said in a report that 60% of Bitcoin’s total supply is held by entities that haven’t moved their holdings in over a year. This ownership structure is unique to Bitcoin, signaling a cohort of long-term “hodlers” who are unfazed by Bitcoin’s price volatility and view it as a “store of value” tool. This dynamic comes amid Bitcoin’s significant underperformance relative to gold last year. Nearly 14% of Bitcoin is held by ETFs, digital asset treasuries (including corporate treasuries), and governments. Bitcoin’s resilient capital base is growing.

Glassnode: Option Market Data Suggests Bitcoin Could Extend Gains Above $75,000

On March 16th, crypto analytics firm Glassnode noted in a social media post that Bitcoin’s options market currently has significant negative gamma exposure concentrated around the $75,000 strike price. Market makers appear to hold substantial short positions in structured call options at this level. As Bitcoin’s spot price approaches this zone, hedging activity could intensify—potentially amplifying upward price swings.

Capital B added 8 Bitcoin to their holdings, bringing the total to 2844 Bitcoin.

March 16: Per market sources, French publicly-listed firm Capital B has added 8 Bitcoins to its holdings, now holding a total of 2,844.

Metaplanet Raises $255 Million in New Funding to Further Bitcoin Holdings, May Raise Another $276 Million

March 16: CoinDesk reports Tokyo-listed firm Metaplanet has completed a private placement with a 2% premium, raising roughly $255 million from institutional investors. The deal also includes additional warrants that could net another $276 million if fully exercised, with funds earmarked to advance its goal of holding 210,000 BTC.

Research: 72% of Undersea Cables Would Need to Fail Simultaneously to Significantly Affect the Bitcoin Network

March 16 — A new study finds the Bitcoin network boasts strong resilience to global internet infrastructure failures. The research shows it would take roughly 72% to 92% of global submarine cables failing simultaneously to knock more than 10% of Bitcoin nodes offline, disrupting the network significantly. Led by researchers Wenbin Wu and Alexander Neumueller at the Cambridge Centre for Alternative Finance, the study draws on Bitcoin peer-to-peer (P2P) network data from 2014 to 2025 and 68 verified submarine cable outages. The team built a national-level cascading model to evaluate the Bitcoin network’s shock resilience. Results indicate the Bitcoin network has strong fault tolerance in random submarine cable outage scenarios. However, targeted attacks on critical submarine cable chokepoints could increase impact 10 times over, potentially cutting the critical outage threshold to 5-20%. The study also notes that using the Tor (The Onion Router) anonymous network drastically boo