Gate News report: On March 12, according to on-chain analyst Embers' monitoring, a certain whale/institution withdrew 348.3 BTC ($24.55 million) from a CEX half an hour ago. Over the past 9 days, this address has accumulated a total of 1720.2 BTC ($120 million) through a CEX, with an average price of $69,527.

Iran's Supreme Leader announced that the Strait of Hormuz will remain closed, causing geopolitical tensions and raising international oil prices. U.S. oil stocks and crude oil ETFs surged significantly. Whale address neoyokio.eth opened a 4x leveraged long position on crude oil on the Hyperliquid platform, investing 5.2 million dollars, with current unrealized gains of 32,000 dollars.

Gate News reported on March 12 that according to on-chain analyst Ai Yi's monitoring, a whale shorting $34.74 million worth of crude oil currently holds 21,200 BRENTOIL (Brent crude oil token) and 15,200 CL (WTI crude oil token), with opening prices of $91.8 and $87.8 respectively, currently showing an unrealized loss of $1.84 million. The whale holds a cumulative total of 18 positions and remains in an overall profitable state.

On March 12, whale address 0x049 created short positions exceeding $60 million in ETH and BTC on the Hyperliquid platform, with ETH shorts of approximately $30.1 million and BTC shorts of approximately $30.06 million, both facing certain unrealized losses.

The Bitcoin market is undergoing structural changes, with short-term holders selling off due to financial pressures, while long-term investors remain dormant, indicating potential supply shocks. Currently, Bitcoin is priced at $69,446, and although some holdings are at a loss, the stability of long-term holders could support the market. Analysts advise paying attention to on-chain indicators and whale activity to evaluate future price trends and liquidity risks.

On March 12, Hyperinsight detected an address continuously increasing BTC short positions, with cumulative holdings reaching $3.12 million despite currently being down 16%. The address has set take-profit orders, planning to close positions in batches within the $69,200 to $69,450 range.

As of March 2026, the XRP price is approximately $1.38, with a market capitalization of $84 billion, down 61% from its all-time high. Despite small market fluctuations, on-chain data indicates significant accumulation by whales, while exchange XRP reserves have dropped to new lows. Ripple's collaborations with institutions have not directly boosted the price, but the expansion of stablecoin infrastructure may bring new opportunities to the XRP ecosystem. Technical indicators show bullish signals, with an expected XRP price range between $1.40 and $3.00 in 2026.

Gate News Report, March 12 — Lookonchain monitoring shows that a newly created address starting with 0xfDe8 has withdrawn 11,629 ETH from a certain CEX in the past two days, worth $23.71 million. Previously, the whale address 0x8E34 also withdrew 63,324 ETH from another CEX in the past two days, valued at $131.2 million.

On March 12, as the HYPE price rebounded above $37, the largest bullish whale address approached liquidation, with a position size of $51.5 million, and unrealized losses narrowed to $2 million. The whale withdrew $4.5 million in margin and actively raised the mark price to $27.5, indicating a bullish outlook on HYPE. The position has been held for nearly five months, and despite significant unrealized losses, the holder remains steadfast.

Gate News Report, March 12 — Onchain Lens monitoring shows that the whale address "0xa65" deposited 1.82 million USDC into HyperLiquid and increased its CL short position with 1x leverage. Additionally, the whale also holds a 1x leverage EWY long position.