Data: If BTC breaks through $71,603, the total liquidation strength of long positions on mainstream CEXs will reach $1.041 billion.

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South Korea's crypto regulatory signals strengthen: selling Bitcoin, restricting stablecoin investments, and setting limits on exchange equity

South Korea has recently introduced three digital asset policies, involving Bitcoin disposal, stablecoin investment, and restrictions on exchange equity holdings. The rapid liquidation of Bitcoin by judicial authorities has attracted attention, while restrictions on stablecoin investments and proposals to limit shareholder ownership ratios have sparked controversy. The market interprets these as regulatory tightening, and the future policy direction remains to be seen.

Bitcoin stabilizes above $70,000, IEA may release the largest-ever crude oil reserves, global risk asset sentiment improves

Bitcoin recently broke through $70,000 again, influenced by changes in the energy market. Its price once reached $71,612 before falling back to $70,036. The market sentiment is related to discussions with the International Energy Agency about releasing strategic oil reserves, and the decline in Brent crude oil prices is seen as a signal to reduce inflation pressure. The market is focused on the Federal Reserve policy meeting, with expectations that if oil prices remain below $90, it will create room for interest rate cuts.

Bitcoin derivatives market turns bullish, traders bet on BTC surging past $80,000

Bitcoin market sentiment is improving, with more traders expecting the price to break above $80,000 in the coming months. The options market signals a bullish bias. Currently, Bitcoin is trading near $70,000, and analysts believe that if the bullish sentiment continues, a new directional move may emerge in the future.

A newly created wallet transferred 2,000 BTC from a CEX, worth approximately 140 million US dollars.

Gate News Report, March 11 — According to Lookonchain monitoring, a newly created wallet address "3CziMF" withdrew 2,000 BTC from a certain CEX, worth approximately $140 million.

"Pig-butchering" scam leader Lawyer Chen Zhi submits a motion to the U.S. court, requesting the dismissal of the government's seizure of his Bitcoin.

Chen Zhi's lawyer filed a motion with the U.S. Federal Court in New York to dismiss the government's seizure of the Bitcoin he controls, arguing that there is a lack of evidence supporting the fraud charges and questioning the timeline of the seizure. Last year, the U.S. Department of Justice announced the forfeiture of 127,271 Bitcoins, worth approximately $15 billion. Human rights organizations warn that after the scam camp was shut down, many trafficked workers face the risk of re-sale.