BlackRock's iShares Bitcoin Trust recently increased its bitcoin holdings by approximately $46.36 million, indicating that institutional investor demand for bitcoin is recovering. Despite previous outflow pressures, the recent reinflow of funds is seen as a market stabilization signal, with market confidence in bitcoin's long-term value continuing to improve, and the importance of ETF capital flows is also strengthening.

On March 13, multiple leveraged trading positions of Sky co-founder Rune showed diverging profits and losses. The 20x leveraged WTI crude oil long position and 7x Brent crude oil long position were profitable, but the 7x Ethereum and NASDAQ short positions remained in loss, with overall losses approaching $300,000.

Gate News reported on March 13 that according to Hyperbot data, Maoji's older brother Huang Licheng increased his position in a 25x leveraged Ethereum long position approximately 1 hour ago. His current position holds 6400 ETH with unrealized gains of approximately $484,000, and a liquidation price of around $1980. Additionally, he has placed 23 limit sell orders in the $2117-$2200 range.

Recently, Hyperliquid has become the main platform for on-chain crude oil trading, with CL contract 24-hour trading volume reaching $1.16 billion and open interest breaking through $300 million. New capital is accelerating inflows, with 48% of million-level whales being new or returning addresses, predominantly bullish sentiment, with long position opening ratio at approximately 65.5%.

March 13, the Nasdaq 100 fell 1.7%, causing a whale holding 10x leveraged XYZ100 long positions to suffer an unrealized loss of $480,000. Despite the Nasdaq pullback, the whale still achieved a daily profit of $120,000 through hedges in crude oil and Bitcoin.

On March 13th, due to Middle East geopolitical conflicts, the US stock semiconductor sector declined 2.66% overall. NVIDIA dropped 1.5%, and Micron Technology fell 3.2%. Affected by this, related contract prices also declined, but recovered somewhat after hours. Continue Capital's related addresses held approximately 14.5 million USD in long positions, which turned from profit to loss during the session and then returned to floating gains.

Gate News Report: On March 13, according to Gate's market data, as of press time, TAO (Bittensor) is trading at $222.41, up 10.65% in the last 24 hours, with a high of $222.77 and a low of $172.96. The 24-hour trading volume reached $240 million. Current market capitalization is approximately $2.393 billion, an increase of $230 million compared to yesterday. ## Recent Important TAO Updates: 1️⃣ **Institutional Investor Positioning Signals Are Clear** Since early March, the market has shown continuous accumulation of TAO by investors. This proactive position-building behavior typically reflects positive expectations among market participants regarding subsequent price movements, providing fundamental support for recent price increases. 2️⃣ **Ecosystem Application Expansion Enhances Long-term Expectations** T

Gate News reported that on March 12, U.S. Senate Majority Leader John Thune stated that the Senate plans to advance cryptocurrency market structure legislation and licensing-related legislation after completing debate on the (voter identification provisions) of the "Save America Act." John Thune said that senators are pushing forward this long-awaited cryptocurrency market structure bill and indicated that if there is bipartisan willingness to cooperate, the Senate can make progress on multiple issues of mutual concern between the two parties. The "Save America Act" is expected to undergo partisan debate in the Senate next week.

On March 12, the Bitcoin-to-Gold ratio showed bullish divergence, indicating weakening selling pressure and potentially marking a reference point for Bitcoin's long-term trend bottom. Bitcoin ETF saw net inflows of approximately $906 million, while Gold ETF experienced single-day outflows of $3 billion, forming a significant divergence. Despite ETF trading volume being lower than US stocks, there remains substantial room for institutional participation. Historically, Bitcoin has often rebounded following geopolitical turmoil.