On-Chain Data

Between 2026-03-31 18:00 and 18:15 (UTC), the ETH price moved in a range within a 0.71% amplitude (2093.36 - 2108.15 USDT), with a return of +0.69%. During this period, market attention increased, short-term buyers held the upper hand, and heightened price volatility drew close scrutiny from investors. The primary drivers behind this move were the rapid inflow of funds into the derivatives market and an expansion in trading volume. In March 2026, ETH derivatives trading volume remained consistently higher than spot, and leveraged capital was active, lifting risk appetite. At the same time, on-chain data

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

Between 17:15 and 17:30 (UTC) on 2026-03-31, BTC fell 0.60% within a 0.87% trading range. The price dropped from 68,586.0 USDT to 67,990.0 USDT. Volatility increased within the 15-minute window, and market attention rose. Trading volume in the short term surged significantly, reflecting the market’s heightened focus on structural disruptions during this period. The main drivers of this disruption are a sharp spike in whale transfer frequency and a synchronized increase in on-chain funds flowing into exchanges. Whales (holdings > 1000 BTC) are active; all exchanges witnessed high transfer activity, indicating significant institutional or large investor participation.

The essay discusses advancements in machine learning for Bitcoin transaction classification, highlights Zcash's increasing use of shielded transactions, and outlines the growth of decentralized liquidity in bypassing KYC. It also covers Zcash's post-quantum initiatives and its recent organizational restructuring.

Gate News message, on March 31, Whale Alert monitoring shows that USDC Treasury minted an additional 250 million USDC tokens on the Solana chain.

2026-03-31 14:30 to 2026-03-31 14:45 (UTC), BTC recorded a -0.75% return within 15 minutes. The price range was 67092.0 to 67748.4 USDT, with a 0.97% amplitude. Short-term volatility was significant, market attention increased, selling pressure intensified during the day, and panic sentiment rose. The main drivers behind this abnormal move were that large whales concentrated on transferring BTC to exchanges. Large lots flowing in pushed the exchange net inflow rate from a negative value at the beginning of March to a positive value. The whale inflow ratio rose to 0.79, reaching a new high for the year.

From 14:30 to 14:45 (UTC) on 2026-03-31, the ETH (Ethereum) coin return recorded -0.86%, the candlestick price fluctuation range was 2063.47 to 2088.7 USDT, and the amplitude reached 1.21%. Short-term market volatility intensified, trading activity remained high, and investor attention increased significantly. The main driver behind this unusual move comes from leveraged long liquidations in the derivatives market. Since March, ETH derivatives trading volume has remained consistently higher than spot. Within a short cycle, position changes have been frequent, and the period 14:30-14:45 (UTC) saw the entry of part of the leveraged long positions being liquidated.

2026-03-31 13:45 to 14:00 (UTC), the BTC price ranged between 66,978.1 and 67,410.8 USDT, with the 15-minute return recording +0.48% and a range of 0.65%. During this time window, market attention increased, on-chain and exchange interaction activity intensified, and volatility characteristics became pronounced. The main driving force behind this unusual move is whale large-capital withdrawal behavior from exchanges. On-chain data shows that whale wallets withdrew about $4.2 million worth of BTC within 10 minutes; in the past 24 hours, there were a total of 1,633 large BTC outflows, directly leading to the trading decline and increased market volatility.

From 2026-03-31 13:45 to 14:00 (UTC), the ETH spot market recorded a +0.59% return. The price ranged from 2063.14 to 2079.88 USDT, with a volatility of 0.81%. During this period, market fluctuations slightly increased, activity became more prominent, and ETF-related events drew market attention. Traders’ sentiment focused on the upcoming capital flows associated with these events. The main driver behind this movement was related to ETH ETF market developments. On March 31, 2026, regarding “Ethereum ETF Flo” (the original text is incomplete here, but the translation continues with the full content), the market reacted to the news and expectations surrounding the approval and launch of Ethereum ETFs, which influenced trading behavior and sentiment.

The European Central Bank's use of DeFiLlama in studying decentralized finance signifies a shift in regulatory approaches, highlighting governance concentration in DeFi and promoting informed, data-driven regulation while enhancing DeFi's credibility and institutional acceptance.

2026-03-31 12:15 to 12:30 (UTC), ETH rose 0.67% on the short-term, with a price range of 2035.48–2052.7 USDT and a volatility of 0.85%. During this period, on-chain activity increased significantly, market attention warmed up instantly, candlestick chart volatility intensified, indicating that short-term capital quickly moved in and drove prices higher. The main driving force behind this unusual move is large on-chain capital inflows. On-chain data shows that within 10 minutes, the total transfer volume reached $420,000, and the number of transactions expanded accordingly. Combined with exchange ETH reserves falling to 16 million, a new historical low, market liquidity is extremely tight.

Gate News message: On March 31, according to Arkham monitoring, about 1 hour ago, BlackRock transferred 4,833 ETH (worth approximately $9.78 million) to a certain CEX address via its Ethereum exchange-traded fund ETHA; then, about 50 minutes ago, it transferred 204.045 BTC (worth approximately $13.53 million) to a certain CEX address via its Bitcoin exchange-traded fund IBIT.

Data shows that more than 40% of altcoin trading prices have moved close to their historical lows. The market has remained weak as geopolitical tensions and liquidity dilution weigh on it. Globally, about 47 million crypto tokens have been issued, with Solana, Base, and BNB Chain accounting for a larger share.

Gate News message: On March 31, according to monitoring by Onchain Lens, the address luggis (@luggisdoteth) (0x5d7...0b37), after being inactive for 2 months, deposited 2,000 ETH into a certain CEX, worth $4.03 million.

2026-03-31 09:45 to 10:00 (UTC), BTC recorded a return of -0.58% within 15 minutes, with a trading range of 65,996.1–66,509.1 USDT, a volatility of 0.77%. Short-term fluctuations intensified, drawing market attention. Total on-chain transfers reached 420,000, with the number of transactions as high as 27,986, indicating rapid capital movement and a phased increase in market participation, though overall trading remains cautious. The primary drivers behind this deviation are on-chain large-capital reallocation activity and an acceleration in fund flows. On-chain data shows that both the total transfer volume and the number of transactions have risen together

Gate News message, on March 31, Blockworks data shows that on the Solana network this week, tokenized stock spot trading volume reached $139 million, continuously exceeding the total of all L1 and L2 chains combined ($1.55 million).

The global crypto market shows signs of cautious recovery with a 1.32% increase in market capitalization, reaching $2.33T. Bitcoin and Ethereum see slight gains, while leading gainers include $BPX and $TRUMP. DeFi TVL rises, but NFT sales drop significantly. Key developments include Nium's new stablecoin card and a proposed rule to open the retirement market to crypto.

Gate News message, the Central Government of Bhutan transferred out another 375 BTC valued at $25.18 million approximately 2 hours ago. Over the past week, Bhutan has transferred out a total of 1,018 BTC, totaling $70.43 million.

2026-03-31 08:30 to 08:45 (UTC), ETH’s short-term return recorded -0.66%, with the price range between 2039.73 and 2054.49 USDT, and the amplitude reaching 0.72%. During this period, market volatility intensified, with a clear increase in trading attention, reflecting investors’ rapid reaction to risk events and a rise in safe-haven sentiment. The main drivers behind this unusual move were a significant drop in the number of active addresses on-chain (down about 14.49% from the previous day to 490,239), which weakened network liquidity and reduced the market’s ability to absorb demand. Meanwhile, trading volumes also declined, indicating a cautious market sentiment and a wait-and-see attitude among investors.

2026-03-31 08:30 to 08:45 (UTC), BTC’s return over 15 minutes fell by 0.71%, with the price fluctuating in the 66,820.0 to 67,318.9 USDT range, an amplitude of 0.74%. During this period, market sentiment was cautious; volatility increased, with significant trading volume on major exchanges and rising market attention. The primary drivers of this anomalous move were sustained outflows of large-scale ETF funds and a drop in liquidity caused by institutional investors reducing positions. In March 2026, the total ETF outflow exceeded $3 billion, and combined with this, large holders’ position share fell to 9 percent.