Over the past 24 hours, the total liquidation amount in the cryptocurrency market reached $174 million, involving long positions of $92.23 million and short positions of $81.54 million. BTC and ETH saw liquidations of $60.80 million and $47.73 million respectively, with a total of 75,190 traders liquidated. The largest single liquidation was $4.24 million.

Gate News reported that on March 12, according to Onchain Lens monitoring, a newly created wallet withdrew 720 BTC from a certain CEX, valued at $50.14 million.

Between 2026-03-12 14:15 and 14:30 (UTC), BTC price declined from 70660.0 USDT to 69917.2 USDT, with a 15-minute return rate of -0.61% and volatility reaching 1.06%. Trading volume increased sequentially, with market attention rising notably, and heightened fluctuations triggering alerts among short-term traders. The primary driver of this price movement was on-chain whale wallets concentrating approximately 2,100 BTC inflows to exchanges within a short timeframe, representing an 18% increase compared to the previous period. Large holders' active position adjustments and concurrent large sell orders in spot and perpetual markets were simultaneously released.

Gate News report: On March 12, according to on-chain analyst Embers' monitoring, a certain whale/institution withdrew 348.3 BTC ($24.55 million) from a CEX half an hour ago. Over the past 9 days, this address has accumulated a total of 1720.2 BTC ($120 million) through a CEX, with an average price of $69,527.

Gate News reported that on March 12, according to Arkham monitoring, Grayscale transferred approximately 296 Bitcoin through its Grayscale Bitcoin Trust to a CEX Prime address, valued at about $20.86 million. Additionally, Grayscale's Avalanche Trust fund transferred 27,731 Bitcoin to a certain independent address.

On March 12, whale address 0x049 created short positions exceeding $60 million in ETH and BTC on the Hyperliquid platform, with ETH shorts of approximately $30.1 million and BTC shorts of approximately $30.06 million, both facing certain unrealized losses.

In the Qian Zhimin case, Chinese victims have objected to a compensation plan proposed in the UK High Court, arguing that the plan could allow UK authorities to profit from the appreciation of seized Bitcoin. The case involves fraud from 2014 to 2017 that affected over 128,000 Chinese investors, with legal representatives claiming the compensation arrangement may be unfair.

Greeks.live predicts that a large volume of BTC and ETH options will expire on March 13th, with declining market rebound momentum and extremely low trading activity. Options data indicates the market is in a wait-and-see state, still in a bear market, with the recent AI hype failing to improve the situation.

Gate News report: On March 12, Arthur Hayes posted that BTC has accumulated gains of approximately 7% since the US-Iran conflict erupted on February 28, while gold declined approximately 2% over the same period, and the Nasdaq 100 Index (US technology stock benchmark index) experienced a slight decline of approximately 0.5%.

Gate News reported that on March 12, according to Onchain Lens monitoring, BlackRock deposited 566.88 BTC to a certain CEX, valued at approximately $39.64 million, and simultaneously deposited 7,552 ETH, valued at approximately $15.52 million, with a total combined value of approximately $55.16 million. Monitoring data shows that BlackRock may continue to deposit more assets.