Gate News, March 26th: According to Onchain Lens monitoring, after being inactive for approximately one month, a certain whale withdrew 11,999 ETH (approximately $26 million) from a CEX and transferred it to staking. Currently, the whale holds 22,618 ETH (approximately $49 million) and is in a profitable position with unrealized gains of approximately $1.2 million.

The South Korean People Power Party has proposed canceling the 22% cryptocurrency capital gains tax scheduled to take effect in 2027, arguing that the current tax system is immature and could create unfairness, particularly affecting young investors. The party is concerned that strict taxation will lead to capital outflows, with $110 billion already having left the market, impacting market activity. The bill is still under review, and its passage remains uncertain. If passed, it could boost market confidence and attract more investors.

March 25, Hyperinsight data shows that a whale focused on short selling partially reduced its BTC long positions after BTC briefly pulled back to $71,000, closing 190 BTC with profits of approximately $340,000. Currently, the whale still holds $27.6 million in BTC long positions with unrealized gains of $726,000. Meanwhile, it also closed $3.1 million in gold long positions.

According to Hyperinsight monitoring, a sub-address of Abraxas Capital recently increased its GOLD short position by nearly $4 million, bringing the total position size to $21.25 million with unrealized gains of approximately $980,000. The position was previously added at a gold price of $4,850, and the address currently holds a $25 million Brent crude oil short position with unrealized gains of $2.95 million.

BlockBeats News, March 25th, according to Lookonchain monitoring, the whale that previously "sold 255 BTC to short" has opened a 40x short position of 1000 BTC (approximately $70.7 million) and a 20x long position of 202,155 xyz:BRENTOIL ($19.25 million). Both positions are currently in a loss state. The whale was once up $25.16 million in floating gains, but is now down $33.39 million in floating losses.

Gate News reported that on March 24, an address purchased approximately $70,000 worth of Denver Nuggets victory positions during the NBA Nuggets vs. Suns game, currently showing modest gains. This game has significant implications for playoff seeding and rankings.

Gate News reported that on March 24, Hyperbot data shows that Maji Dage opened a 40x BTC long position again with an average price of $71,131 and a position value of $780,000. Additionally, he holds a 25x ETH long position worth $11.547 million, with current floating gains of $60,000.

Pi Network（PI）price is hovering at $0.188, with a minor intraday decline but a monthly gain of 11.6%. Technical analysis shows the market facing a turning point, with bullish signals and a cup-and-handle pattern present. However, short-term momentum depends on the PISI indicator, which is currently near neutral, indicating that PI has not yet formed a strong uptrend. Key resistance is at $0.200, and a breakout could potentially drive further gains to $0.246. The market still needs to wait for capital flow changes to drive a breakthrough.

The bitcoin derivatives market has recently shown changes, with traders investing approximately $685 million in put options over the past 30 days, reflecting cautious market sentiment. This shift demonstrates investors transitioning from aggressive strategies to risk management, particularly amid increased macro uncertainty. Rising demand for put options typically signals future price risks, as investors seek balance between controlling drawdowns and locking in gains.