10x Research analysis points out that Bitcoin has broken below $69,000, market structure has shifted, traders have significantly adjusted positions, futures liquidations have increased, funding rates are negative, options capital flows are directed toward downside protection, signaling market hedging demand against downside risks. Meanwhile, the market's pricing in of rate hike expectations diverges from the Federal Reserve's rate cut guidance, which may impact the performance of risk assets.

Gate News report shows that on March 23rd, Onchain Lens monitoring displayed that Sky co-founder Rune opened a new 20x leveraged long position in $GOLD (Gold) during a period of $GOLD price decline. At the same time, Rune is closing out a previously held $SP500 position.

2026-03-22 22:15 to 22:30 (UTC) during this period, BTC experienced significant fluctuations within a short-term range, with the 15-minute K-line recording +0.49% gains, closing at 68371.1 USDT, with lows touching 67861.4 USDT, and an overall amplitude of 0.75%. Short-term market activity was elevated, with increased market attention, notably enlarged trading volume on a sequential basis, and active capital flows driving this round of volatility. The main drivers of this volatility were sustained inflows into US spot ETFs, as well as net outflows of BTC at the exchange level. Specifically, according on-chain data shows,

Gate News bot message, Gate market display shows that since the launch of Alpha, JCT has increased by 50.62%, currently priced at 0.0033190 USDT.

Berita Gate News, pada 22 Maret, analis on-chain The Data Nerd melaporkan bahwa perusahaan investasi kripto Inggris, Abraxas Capital, mulai menutup posisi short $GOLD (emas) sekitar 2 jam yang lalu untuk merealisasikan keuntungan. Hingga saat ini, unrealized profit and loss dari posisi short tersebut adalah sekitar 2,67 juta dolar AS.

On March 22, UnRektCapital became the second-largest short holder on Hyperliquid BTC, holding 616 BTC with 40x leverage short positions, with a total position value of $58.588 million and floating profits exceeding $6.6 million.

Gate News melaporkan bahwa pada 22 Maret, Michael Saylor, pendiri perusahaan treasury Bitcoin Strategy, kembali merilis informasi terkait Bitcoin Tracker dengan keterangan "The Orange March Continues" (Maret Oranye Berlanjut). Berdasarkan pola sebelumnya, Strategy biasanya mengungkapkan informasi penambahan kepemilikan Bitcoin pada hari berikutnya setelah siaran terkait dirilis, dan pasar memperkirakan perusahaan tersebut mungkin akan mengumumkan data penambahan terbaru minggu depan.

Gate News report, on March 22, according to Onchain Lens monitoring, the World Coin team apparently conducted OTC transactions. The team received 35 million USDC from FalconX and a certain CEX, subsequently transferring 117 million WLD tokens to an OTC trading address. These tokens may also be provided for market maker use.

Gate News report, as of March 22, Coinglass data shows that the entire network liquidated $248 million in positions over the past 1 hour, of which long positions liquidated $232 million and short positions liquidated $16.36 million. By individual cryptocurrencies, BTC liquidations reached $109 million and ETH liquidations reached $83.73 million.