Research firm Santiment found that over the past year, when USDT active addresses on a certain blockchain increased significantly three times, BTC price rebounded each time, indicating that USDT liquidity has a significant impact on BTC price.
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.
Gate News alert: On March 12, according to Lookonchain monitoring, a wallet (0x2b0d) associated with DNA Fund withdrew 11,067 ETH ($22.83 million) from a certain CEX 2 hours ago.
Gate News updated, on March 12, according to Onchain Lens monitoring, a newly created wallet withdrew 720 BTC from a certain CEX, valued at $50.14 million.
Gate News Report: On March 12, according to Onchain Lens monitoring, BlackRock deposited 566.88 BTC to a certain CEX, valued at approximately $39.64 million, and simultaneously deposited 7,552 ETH, valued at approximately $15.52 million, with a total value of approximately $55.16 million. Monitoring data shows that BlackRock may continue to deposit more assets.
Gate News Alert: On March 12, Onchain Lens monitoring showed that BlackRock deposited 566.88 BTC (worth approximately $39.64 million) and 7,552 ETH (worth approximately $15.52 million) to a certain CEX 20 minutes ago, and may continue to deposit more assets.
