If Bitcoin breaks through $86,000, the mainstream CEX aggregate short liquidation intensity will reach 9.12 billion

March 23rd — Per data from HyperInsight Monitoring, sharp gains in crude oil and steep drops in gold have left "Hyperliquid early contributor Loracle" (0x8de) facing two-way losses on its PAXG (gold) long positions and WTIOIL (WTI crude oil) short positions. The hedge position currently has a total floating loss of $1.1 million, with an overall size of ~$10.5 million. Additionally, the address added to its HYPE long positions today, bringing the total position size to $19.4 million at an average price of $37.67. The address belongs to Loracle (X: loraclexyz), whose real name is Laurent Zeimes. Previously, on Jan. 12, the address nailed a bottom at an average price of $22, with positions peaking at $52 million.

**March 23 Update: Backpack Token Launch Sparks "Witch Hunt" Backlash** Backpack officially rolled out its token claim and staking page today—only to face immediate controversy over a large-scale account purge. Multiple prominent short sellers and individual investors report the platform has flagged a massive number of accounts as "witch accounts." Community member Anymose claims 99% of their accounts were flagged, including those created via private invites in closed communities. The official team has yet to issue a clear explanation. Some "captains"—roles tasked with driving community growth—are among the hardest hit. Critics question conflicting rule design: the platform encourages users to expand its ecosystem, yet is purging core users who actually fuel that growth. Additionally, community members who spoke with Backpack’s Chinese team say some official staff lack specific details on the situation. Platform X user @gch_enbsbxbs says both their main and alternate Bac

March 23 — Goldman Sachs now expects the European Central Bank (ECB) to hike interest rates by 25 basis points in both April and June 2026, a shift from its prior forecast of unchanged rates this year. This update aligns with last week’s calls from JPMorgan and Barclays, both of which also project ECB rate hikes in April. Goldman Sachs noted that the Middle East conflict has introduced inflation risks, with rising energy prices as a key concern. (Xinhua)

March 23 — Bitget market data shows spot gold has fallen below $4100 per ounce for the first time since November 24 last year. It plunged 8.6% (or $388) intraday, breaking through multiple round-number levels in succession. Gold is down more than 22% so far this month.

March 23 — Per LookOnChain monitoring, a trader opened a 40x leveraged long position valued at 280.2 BTC (≈$19.07 million) but was partially liquidated in under an hour. The trader currently holds a long position of 224.16 BTC (≈$15.18 million) with a new liquidation price of $67,587.12.

March 23 – Per HTX market data, Bitcoin has fallen below $68,000, last trading at $67,874, down 1.88% over the past 24 hours. Total network liquidations over the past 4 hours reached $86.29 million, driven primarily by long positions. On-chain gold liquidations hit $28.22 million, exceeding BTC’s $21.11 million in liquidations. Per Bitget market data, international spot gold and silver tumbled sharply: spot gold briefly dropped below $4,200 an ounce, while spot silver fell below $62 an ounce at one point. Japanese and South Korean stock markets slid sharply. U.S. S&P 500 futures were down 0.7%, Nasdaq 100 futures fell 0.8%, and Dow Jones futures were off 0.6%.