Gate News Reports: On March 22, the total liquidation volume in the cryptocurrency market over the past 24 hours reached $359 million, with long liquidations at $293 million and short liquidations at $65.428 million. BTC liquidations reached $139 million, and ETH liquidations reached $108 million. A total of 119,490 traders were liquidated over the past 24 hours. The largest single liquidation occurred on a certain CEX's BTC-USDT-SWAP trading pair, valued at $10.0182 million.

On March 22, UnRektCapital became the second-largest short holder on Hyperliquid BTC, with 40x leveraged short positions on 616 BTC, totaling a position size of $58.588 million, with unrealized profits exceeding $6.6 million.

March 22, 2026, 12:15 to 12:30 (UTC): BTC price fluctuated between 68313.3 and 68758.0 USDT, with the 15-minute candlestick recording a return of +0.51%, amplitude reaching 0.65%, and short-term trading volume remaining at relatively low levels. Market attention rebounded, driving increased intraday volatility. The primary driver of this movement is whale funds experiencing simultaneous high net inflows and outflows on trading platforms. On-chain data shows that certain whales holding positions for 6 to 18 months are choosing to transfer BTC back to exchanges for distribution.

On March 22nd, Bitcoin's price declined 2.36% to $69,023, with Strategy's Bitcoin position experiencing an unrealized loss of 8.8%, approximately $5.08 billion. Previously, the price had briefly surpassed $76,000, during which the position was temporarily profitable. As of March 15th, Strategy held 761,068 BTC with a total cost basis of approximately $57.61 billion.

Rising energy prices and tensions in the Middle East have increased Bitcoin mining costs, with current production costs around $88,000 per BTC. Miners are losing nearly $19,000 per coin, representing an overall loss of 21%. Network mining difficulty has decreased by 7.8%, hashrate has declined, and the market may face selling pressure.

On March 22, Bitcoin reported $69,275.33, down 1.93% in 24 hours; Ethereum reported $2,103.95, down 2.18%. The market is broadly bearish, with shorts dominating. Funding rates are universally negative, indicating that shorts need to pay fees to longs.

According to on-chain analysts' monitoring, a whale address has accumulated holdings of 120,000 ETH and 700 BTC, valued at $298 million. Currently, the ETH position shows an unrealized loss of $309,000, while the BTC position shows an unrealized gain of $403,000. The address just deposited 5 million USDC to Hyperliquid to avoid liquidation.

Gate News, on March 22nd, Coinglass data shows that in the past 1 hour, the entire network has liquidated $248 million, of which long positions liquidated $232 million and short positions liquidated $16.36 million. By coin type, BTC liquidations reached $109 million and ETH liquidations reached $83.73 million.

The U.S. Commodity Futures Trading Commission (CFTC) has released guidance on a pilot program for crypto assets as collateral, allowing Bitcoin, Ethereum, and stablecoins to be used as margin. Futures brokers must comply with capital requirements and regulatory reporting obligations, and after three months can expand to other crypto assets as collateral. The guidance clarifies the use cases for crypto assets and derivatives clearing requirements.

On March 22, on-chain analyst Remainder monitored that the Venus attacker converted all previously extracted BNB, BTC, and CAKE into ETH and bridged it to the Ethereum network, valued at approximately $4.72 million. Currently, the attacker has recovered assets worth approximately $5 million, but whether they conducted long/short operations on trading platforms remains unconfirmed.