The Bitcoin market is undergoing structural changes, with short-term holders selling off due to financial pressures, while long-term investors remain dormant, indicating potential supply shocks. Currently, Bitcoin is priced at $69,446, and although some holdings are at a loss, the stability of long-term holders could support the market. Analysts advise paying attention to on-chain indicators and whale activity to evaluate future price trends and liquidity risks.

Gate News Announcement, March 12, OP Labs CEO Jing Wang tweeted that OP Labs will lay off 20 employees to streamline operations, accelerate decision-making, and reduce coordination costs. Jing Wang emphasized: "This decision reflects a narrowing of our focus, not a liquidity crisis." Affected employees will receive three months of base salary and N+1 compensation, and health insurance will be extended for six months.

Gate has reached a strategic partnership with Bank Frick of Liechtenstein to launch fiat deposit and withdrawal services, supporting multiple major fiat currencies, and plans to expand global services. This collaboration improves institutional clients' access to the digital asset market and enhances Gate's capabilities in compliance systems.

Nasdaq-listed company Solmate (Brera Holdings PLC) proposes a 10-for-1 reverse stock split and plans to change its legal name to Solmate Infrastructure PLC to support its plan to build a Solana hub in the UAE. At the same time, the company plans to spin off its underperforming football team, retaining only the Italian club Juve Stabia, to leverage funds for expanding Solana infrastructure.

Arthur Hayes stated in a podcast that while he is bullish on Bitcoin in the long term, he won't buy until the Federal Reserve eases policy. He is concerned that the Middle East situation could lead to a large-scale sell-off and emphasized that he would only consider buying when liquidity is released.

Circle announces the launch of the Circle Nanopayments testnet, supporting transfers of as little as $0.000001 USDC with no Gas fees, aiming to provide a payment infrastructure for the Agent economy. Using off-chain transaction aggregation and delayed on-chain settlement, developers can enable various payment scenarios. The solution has been deployed on multiple testnet chains.

March 10, 2026, 18:00 to 18:15 (UTC), ETH's return within the 15-minute candlestick was -1.07%, with price fluctuations ranging from 2049.1 to 2073.15 USDT, an amplitude of 1.16%. During the same period, market trading volume significantly increased by over 32%, large on-chain fund flows occurred frequently, triggering short-term market sentiment fluctuations, rapidly increasing attention, and intensifying volatility risks. The main driver of this abnormal movement is the concentrated sell-off by whale funds. On-chain data shows that within this time window, there were four large transfers exceeding 5000 ETH, all flowing to a major...

March 10, 2026, 13:30 to March 10, 2026, 13:45 (UTC), ETH price drops by 1.13% in the short term, with a range of 2024.47 to 2057.47 USDT, an amplitude of 1.61%. Market volatility significantly increased during this period, with mainstream cryptocurrencies not showing synchronized large movements. Trading activity around ETH increased, and investor attention was focused. The main drivers of this fluctuation are large on-chain wallet sell-offs and a short-term decrease in exchange liquidity. Data tracking shows that between 13:30 and 13:45, a single transfer exceeded .

Oracle recently faced difficulties due to the expansion of AI data centers, and media reports prompted the company to issue two statements to clarify the situation. The company plans to lay off employees to address cash shortages and revealed that the expansion plan with OpenAI has been abandoned. ORCL's stock price dropped significantly, and the market is pessimistic about its free cash flow prospects.

On March 10th, Bitcoin broke through $70,000 during the East Asian trading session, completing a recovery after the weekend sell-off. As volatility in the energy markets eased, selling pressure on risk assets diminished. Market data shows that institutional capital inflows continue to support Bitcoin, investor sentiment is improving, and short-term upside potential is increasing.