On-Chain Data

XWIN Research’s analysis indicates that Bitcoin underwent a structural supply shift in the first quarter of 2026, with an increase in the exchange whale ratio. This suggests that large holders are selling Bitcoin, while publicly listed companies such as MicroStrategy have net-bought 62,000 Bitcoins. The market shows a dual trend of exchange whales and corporate accumulation: supply has shifted from early investors to companies’ balance sheets, and market liquidity has not improved significantly.

Gate News message: On April 1, according to Arkham monitoring, yesterday (March 31), about 15 hours ago, BlackRock transferred 4,833 ETH to a certain CEX address through its Ethereum exchange-traded fund ETHA; valued at approximately $9.78 million. Subsequently, it transferred 204.045 BTC to a certain CEX address through its Bitcoin exchange-traded fund IBIT; valued at approximately $13.53 million.

Gauntlet's post states that after Resolv Labs experienced a vulnerability, they did not propose any remediation measures. They have already removed multiple vault markets, involving approximately $11.9 million in liquidity, and plan to establish a claims contract to recover the assets.

On April 1, XRP was trading at $1.32, attempting to stabilize after five months of continuous declines. On-chain data shows that the number of XRP leaving exchanges has been steadily increasing, especially with 7.03 billion coins flowing out in February. The behavior of institutions and whales has diverged: whales are accumulating assets, while institutional capital has seen outflows. The market needs to watch whether support at $1.27 holds. If that support is broken, it could trigger a deeper pullback.

Gate News update: On April 1, according to on-chain data monitoring, digital asset management firm CoinShares transferred 10,720 BTC to new wallets over the past two days (worth approximately $720 million), setting its all-time largest outflow.

Bitcoin (BTC) was flat at $68,060 on April 1, and U.S. President Trump said he will end the Iran war. The Bitcoin miner Bitfarms plans to change its name to Keel and sell $161 million worth of Bitcoin. Stablecoin issuer Tether fired two precious-metals traders. U.S. stocks rebounded, and all three major indexes hit new highs. Market sentiment fluctuated with news of the Iran war, so it’s necessary to carefully control investment risk.

Solana token SOL has recently fallen by about 11%, repeatedly testing the $80 support level as the market worries it could retrace to $75. Despite network fees continuing to decline, Solana remains appealing for ecosystem development, with DApp revenue surpassing Ethereum. Overall market performance is poor, but SOL continues to face pressure.

Gate News message: On April 1, according to Onchain Lens monitoring, two newly created addresses jointly withdrew 9,519 ETH from a certain CEX, worth approximately $20 million.

A Chainalysis report says that cryptocurrencies have become part of the supply chain in the Russia-Iran war, and that pro-Russian groups raised $8.3 million since 2022 for drone procurement. Fundraising was carried out through a crowdfunding format, and on-chain data can be used to track the flow of funds, showing a link between small transactions and military equipment. Although oversight is difficult, blockchain transparency makes it easier to analyze where the money goes, and it reveals anomalous fund flows in geopolitics.

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.