March 19 Bitcoin price declined while open interest (OI) rose, indicating shorts adding positions, with price touching near $68,750. The current rebound lacks new long accumulation, appearing more like range-bound consolidation. Monitor price and OI changes closely.

Gate News reports that on March 20, Santiment data showed that over the past three months, the number of bitcoin whale wallets holding more than 100 BTC increased by 753, a growth rate of 3.9%. Notably, this increase occurred against the backdrop of a 20.2% decline in bitcoin price during the same period. The increase in the number of large holders indicates that major investors remain confident in the long-term potential of cryptocurrencies.

Gate News Report: On March 19, Singapore ride-hailing platform Ryde announced that it will include cryptocurrency in its corporate balance sheet, making it one of the enterprises in the sector adopting digital asset allocation strategies. This move marks a bold attempt by Ryde in asset management. Currently, more and more enterprises are beginning to allocate digital assets such as Bitcoin in their balance sheets, and corporate asset allocation strategies are showing a diversification trend.

The Bitcoin price mechanism is shifting from spot-driven to derivatives ecosystem-driven, with the introduction of financial instruments such as futures and options significantly impacting price formation. Investors are adopting more sophisticated strategies, incorporating Bitcoin into macro asset allocation, reflecting the market structure's increasing influence on price.

Before Bitcoin quarterly options expiration, the $20,000 put option strike became the third most popular open interest, reflecting traders' expectations for extreme downside scenarios. Despite elevated market panic sentiment, call options remain slightly more than put options, with overall sentiment leaning bullish.

Cloudflare stock price rose more than 6%, planning to launch stablecoin NET Dollar, aiming to promote AI-driven network transactions. Zerohash is competing to become the issuer, and the stablecoin will be embedded in network infrastructure to achieve efficient micropayments.

Gate News 消息，3 月 19 日，據市場行情數據，現貨白銀（貴金屬現貨市場）跌超 10%，逼近 67 美元/盎司關口。現貨黃金跌破 4550 美元/盎司，日內跌超 5.5%。

Hyperliquid founder Jeff announced that the fiat on-ramp feature has gone live for testing, supporting credit cards and bank transfers, powered by swapped.com. Currently in the early testing phase, with plans to add fiat off-ramp and more payment methods in the future.

Bitcoin recently broke through $74,000 briefly but pulled back to around $70,800 due to selling pressure from short-term holders. Although prices show an upward trend, they face structural resistance, and the current movement looks more like a bear market rally than a bull market launch. If unable to effectively resist selling pressure, it may break below the $70,000 support level. The market is still waiting for clearer signals.

Gate News Report: On March 19, the custodial agent economic control layer ClawVault announced that AI agents can now automatically pay x402 API fees using USDC. This feature will execute automatically but requires user authorization. Each payment will be reviewed through more than 30 configurable rules, including spending caps, whitelists, rate limits, approvals, and other security mechanisms.