ETH drops below 2100 USDT

A certain whale opened 20x leverage long positions on BTC and ETH, with a position value exceeding $40 million.

Gate News reported that on March 20, according to Onchain Lens monitoring, a certain whale recently converted its position from short to long, and initiated 20x leverage long positions on BTC and ETH. The whale currently holds 284.68 BTC, valued at approximately $20 million; and holds 9,336 ETH, valued at approximately $20 million. Through such frequent leveraged operations, the whale has accumulated profits exceeding $4 million.

Police Seized 54.5 Billion Won in Virtual Assets Over Five Years! South Korean Police Plan to Establish Privacy Coin Seizure Guidelines to Fill Regulatory Gaps

The Korean National Police Agency is developing new digital asset seizure guidelines that for the first time incorporate management of privacy coins and software wallets, aiming to improve the digital asset management system. The new guidelines are designed to enhance professional management of privacy coins and address recent asset custody vulnerabilities. According to reports, the total value of digital assets seized over the past five years reaches approximately 54.5 billion Korean won. The police department plans to select private custodian institutions in the first half of 2026 and establish a more comprehensive digital asset security governance framework.

Two whales withdrew 4154 ETH from exchanges, with one address holding $80.3 million in ETH

Gate News reports that on March 20, Lookonchain monitoring showed that a whale address (0xEb2a) withdrew 2004 ETH from a certain CEX, worth $4.24 million. This address currently holds 37,400 ETH with a total value of $80.30 million. Another whale address (0xC551) withdrew 2150 ETH from a certain CEX, worth $4.63 million. This address currently holds 6683 ETH with a total value of $14.33 million.

Mysterious Whale Linked to Erik Voorhees Purchases 17,084 ETH for $36.75M USDT

Gate News bot message, A mysterious whale spent an additional 36.75M USDT to purchase 17,084 ETH at $2,151. According to Arkham's labels, this whale may be linked to ShapeShift founder Erik Voorhees. This follows the whale's return after 7 months of inactivity, during which they spent 111.62M USDT

A whale opened a 20x long position with 9,786 ETH within 8 hours, with total unrealized losses exceeding $6.85 million

Gate News Update: On March 19, according to Onchain Lens monitoring, a certain whale opened a 20x leveraged long position in ETH using 9,786 ETH (valued at approximately $20.67 million) over the past 8 hours. The whale currently also holds a 20x leveraged long position in SOL and a 5x leveraged long position in DYDX, with total unrealized losses exceeding $6.85 million.

Ethereum falls below 2100 USDT, with a daily decline of 4.72%

Gate News reports that on March 19, market data shows Ethereum broke below the 2100 USDT level, now trading at 2099.05 USDT, with a daily decline of 4.72%.