On-Chain Data

Glassnode’s research shows that on the decentralized exchange Hyperliquid, traders’ geographic locations significantly affect trading performance. Users in Tokyo have a notable latency advantage, and the global network distribution can’t overcome the physical limitations of infrastructure. This has sparked new discussions about decentralization fairness, pointing out that this is similar to low-latency competition in traditional finance. As institutional capital moves in, the market is shifting toward performance-driven dynamics.

JPMorgan pointed out that in the Middle East conflict, Bitcoin has shown strong resilience against declines, with significant capital inflows and active trading, while gold and silver are facing capital outflows. Under high interest rates and strong dollar pressure, gold prices have dropped by about 15%. With its borderless characteristics, Bitcoin has become a safe-haven choice, and institutional investors are also adjusting their positions, indicating a decrease in gold liquidity while Bitcoin liquidity is increasing.

Ethereum has currently broken below a key support level, presenting a bearish flag pattern, indicating a potential continuation of the downward trend. Trading volume is sluggish, market participation is insufficient, and there is a continued net outflow from ETFs. The minting of USDC has slowed, liquidity recovery is unstable, and time is needed to repair demand.

Recent on-chain data shows a clear shift in how demand is forming around Hyperliquid (HYPE). A "whale" deposited 4 million USDC, then purchased approximately 56,208 HYPE for a total value of about 2.1 million USD at a price of 38.21 USD. Notably, the accumulation process did not stop at a single transaction.

Oil prices broke above $100 on Monday due to a sharp rise in geopolitical risks, especially Trump's tough rhetoric towards Iran. Crypto analyst Willy Woo warned that Bitcoin's on-chain capital outflow may fall to between $46,000 and $54,000. If the global macro market structure breaks down, the crypto market faces a deeper bear market risk. Trump's negotiation moves and the strategic importance of Hark Island have heightened market uncertainty and affected global oil prices and asset liquidity.

The Ethereum Economic Zone (EEZ) framework was proposed by the developers of Gnosis and Zisk. It aims to solve the fragmentation problem of Ethereum L2s, allowing smart contracts from different Rollups to execute across networks in a single transaction without needing to bridge. The framework includes three core mechanisms: bridge-less execution, shared infrastructure, and unified standards. Ethereum co-founder Vitalik Buterin criticized existing L2 roadmaps, emphasizing that a fundamental restructuring of the scaling architecture is needed, and his remarks have triggered disagreements across the industry.

Bitcoin prices remain weak, around $66,380 on March 30. The U.S. Kalshi prediction market is facing lawsuits, and Canada plans to ban cryptocurrency political donations entirely to reduce election risks. U.S. stocks have plummeted, with significant declines in tech stocks. Concerns over war and inflation have led to investor pessimism, and future attention must be paid to U.S. stock trends.

Gate News reports that on March 30, on-chain data shows that the Hyperliquid Labs team wallet unstaked 333,000 HYPE tokens, worth approximately $13 million, 11 hours ago. HYPE is currently priced at $37.56, with a 24-hour decline of 5.14%. Previously, the official announcement stated that 333,000 tokens from Hyperliquid Labs were unstaked on March 29 and will be distributed to team members on April 6.

Bitcoin has fallen below $67,000, with a weekly decline of about 3%, influenced by U.S. military actions against Iran, along with outflows from spot Bitcoin ETFs and the return of interest rate hike expectations in pricing, leading to a fearful market sentiment. Increased miner sell-offs have been noted, but it is pointed out that demand-side expansion confirmation is needed to maintain a bullish outlook.

2026-03-30 00:15 to 00:30 (UTC), within the 15-minute window ETH’s price surged 1.21% quickly, rising from 1981.9 USDT to 2023.69 USDT, with a range of 2.11%. Market attention increased in tandem; during this period, the ETH/USDT trading volume rose by about 15% compared with the previous interval, the buy order ratio reached 62%, overall volatility intensified, and it attracted a large influx of capital into the spotlight. The primary driving force behind this unusual move is that ETF inflows hit a new high, while multiple institutions’ funds continued adding to their ETH holdings, causing the circulating supply to decrease significantly.

2026-03-30 00:15 to 2026-03-30 00:30 (UTC), the BTC price range was between 65808.0 to 67061.1 USDT, with a volatility of 1.90%. A return of +1.10% was recorded within 15 minutes, as market volatility significantly increased, leading to a rise in both short-term trading activity and interest. The main driving force behind this fluctuation came from large on-chain capital inflows and an increase in spot trading volume. On-chain monitoring showed that at 08:16, 473.43 BTC (approximately 31.16 million USD) flowed into a trading platform from an anonymous address, supporting the market.

2026-03-29 22:30 to 22:45 (UTC), ETH’s return over 15 minutes recorded -1.39%. The price range fluctuated between 1963.72 and 1995.42 USDT, with an amplitude of 1.59%. Short-term market volatility intensified, with selling pressure concentrated and released, and on-chain as well as off-exchange fund flow trends drawing intense attention from investors. The main driver behind this anomaly is concentrated deleveraging by on-chain whales and the forced liquidation of leveraged long positions. During the reporting period, the proportion of whale holdings with 1000+ ETH fell to 73%, the lowest level within the year; some large-position investors sold additional holdings or accelerated their liquidation.

2026-03-29 22:00 to 22:15 (UTC), the BTC price fell 0.61% over 15 minutes. The price range was 66,230.0 to 66,716.0 USDT, with a volatility of 0.73%. During the period, market fluctuations intensified, attention increased noticeably, and capital flows moved in sync with the downward price trend. The main drivers of this unusual move are sustained net inflows of large on-chain funds to exchanges and continuous net outflows of ETF funds. From 22:00 to 22:15, major trading platforms’ BTC/USDT trading volume rose by about 30% compared with the prior 15 minutes, and net on-chain inflows were 8,420

_Glassnode flags a thin short-term holder supply cluster between $60K and $70K, calling the setup constructive in form but not yet in magnitude._ Bitcoin is sitting at a critical cost basis boundary. On-chain data from Glassnode puts it right at the lower edge of where most new buyers entered the m

Key Insights: Solana fell below a six-week trendline, shifting focus toward 85 dollars support and a potential move to $67.44  if weakness continues Exchange outflows reached over 39 million dollars in three days, signaling reduced sell pressure while also tightening liquidity during price v

As the bear market stretches out, institutions that aggressively bought bitcoin (BTC) while the bulls dominated have gone quiet, except one: Michael Saylor’s business intelligence firm, Strategy. A report from CryptoQuant says Strategy is now the sole driver of Bitcoin treasury demand, leading to a

BlockBeats news, on March 30, according to data from Ultrasound.money, the net supply of Ethereum has increased by 81,790.88 ETH in the past 30 days, bringing the total supply of Ethereum to 121,570,566 ETH, with a current supply growth rate of 0.82% per year.

Anthropic is testing the most powerful AI model it has ever built, and the world wasn't supposed to know yet. A data leak reported by Fortune on Thursday revealed that the AI lab behind Claude has trained a new model called "Mythos," which it internally describes as "by far the most powerful AI mod

BlockBeats news, on March 29, according to The Bitcoin Office of El Salvador, the country's Bitcoin holdings have reached 7605.37 BTC, with a current market value of approximately $506 million.