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On March 31, CryptoQuant analyst Crypto Dan stated that the SOPR (Spent Output Profit Ratio) for long-term Bitcoin holders has fallen below 1, indicating that even long-term investors are selling at a loss. Since long-term holders are the least sensitive to short-term fluctuations, their realization of losses can be interpreted as a broader capitulation occurring in the entire market. At this point, short-term holders are likely to have already exited the market or suffered significant losses. In other words, most participants in the market are in a state of loss. Historically, such situations often lead to a gradual exhaustion of selling pressure, forming a market bottom or approaching a long-term low region. While it may still be too early to determine if the current market is the absolute bottom, widespread losses often represent the final stage of fear and the beginning of opportunity.

[CryptoQuant: Bitcoin Long-Term Holders Begin to Surrender, Indicating Market Has Reached Bottom Region]On March 31, CryptoQuant analyst Crypto Dan stated that the SOPR (Spent Output Profit Ratio) for long-term Bitcoin holders has fallen below 1, indicating that even long-term investors are selling at a loss. Since long-term holders are the least sensitive to short-term fluctuations, their realization of losses can be interpreted as a broader capitulation occurring in the entire market. At this point, short-term holders are likely to have already exited the market or suffered significant losses. In other words, most participants in the market are in a state of loss. Historically, such situations often lead to a gradual exhaustion of selling pressure, forming a market bottom or approaching a long-term low region. While it may still be too early to determine if the current market is the absolute bottom, widespread losses often represent the final stage of fear and the beginning of opportunity.

CryptoQuant: Bitcoin Long-Term Holders Begin to Surrender, Indicating Market Has Reached Bottom Region

On March 31, market maker Wintermute's latest market weekly report indicated that the ratio of Bitcoin perpetual contracts to spot trading volume has risen to 15 times, while the funding rate volatility has dropped to a low for this cycle. This shows that market leverage is high but there is insufficient consensus on direction, with the current structure resembling a 'compression buildup', potentially brewing significant unilateral volatility. Wintermute believes that if geopolitical tensions ease substantially and oil prices fall to around $100, short positions could face the risk of being squeezed to between $70,000 and $74,000. If the situation continues to improve, the resistance level at $74,000 may be tested. Conversely, if tensions escalate further and oil prices rise to $120, Bitcoin prices could drop to just above $60,000, and if cyclical trends are similar, it may fall to mid-high $50,000. More broadly, the direction itself is not important; what matters is the market structure. The leverage in futures contracts is high, and capital flows are fluctuating within the narrowest range in history, with volatility also narrowing. Regardless of which direction the catalysts ultimately take, the market structure indicates that the resulting volatility will far exceed the levels reflected in current spot, futures, and options prices.

[Wintermute: Bitcoin May Drop to Mid-High $50,000 if Cyclical Trends Persist]On March 31, market maker Wintermute's latest market weekly report indicated that the ratio of Bitcoin perpetual contracts to spot trading volume has risen to 15 times, while the funding rate volatility has dropped to a low for this cycle. This shows that market leverage is high but there is insufficient consensus on direction, with the current structure resembling a 'compression buildup', potentially brewing significant unilateral volatility. Wintermute believes that if geopolitical tensions ease substantially and oil prices fall to around $100, short positions could face the risk of being squeezed to between $70,000 and $74,000. If the situation continues to improve, the resistance level at $74,000 may be tested. Conversely, if tensions escalate further and oil prices rise to $120, Bitcoin prices could drop to just above $60,000, and if cyclical trends are similar, it may fall to mid-high $50,000. More broadly, the direction itself is not important; what matters is the market structure. The leverage in futures contracts is high, and capital flows are fluctuating within the narrowest range in history, with volatility also narrowing. Regardless of which direction the catalysts ultimately take, the market structure indicates that the resulting volatility will far exceed the levels reflected in current spot, futures, and options prices.

Wintermute: Bitcoin May Drop to Mid-High $50,000 if Cyclical Trends Persist

Bitfarms, a Nasdaq-listed Bitcoin treasury company, has released its fiscal year 2025 performance report, revealing that as of March 27, 2026, the company's total liquidity reached approximately $520 million. This includes about $161 million in unencumbered Bitcoin and approximately $359 million in unrestricted cash. Additionally, Bitfarms disclosed that it fully repaid $100 million of outstanding debt under a $300 million Macquarie financing last month. The company also expects to rebrand as Keel Infrastructure on April 1 and relocate its registered office from Canada to New York City, USA.

[Bitfarms to Rebrand as Keel Infrastructure on April 1, Holds $161 Million in Unencumbered BTC]Bitfarms, a Nasdaq-listed Bitcoin treasury company, has released its fiscal year 2025 performance report, revealing that as of March 27, 2026, the company's total liquidity reached approximately $520 million. This includes about $161 million in unencumbered Bitcoin and approximately $359 million in unrestricted cash. Additionally, Bitfarms disclosed that it fully repaid $100 million of outstanding debt under a $300 million Macquarie financing last month. The company also expects to rebrand as Keel Infrastructure on April 1 and relocate its registered office from Canada to New York City, USA.

Bitfarms to Rebrand as Keel Infrastructure on April 1, Holds $161 Million in Unencumbered BTC

Cross River Bank, a licensed bank in the United States, has completed a $50 million funding round, with the capital sourced from a fund under T. Rowe Price. The raised funds will be used to further expand its artificial intelligence and cryptocurrency business. Following this funding round, Cross River Bank's valuation is slightly above $3 billion. According to insiders, the specific valuation has not been disclosed. This round of financing involved existing investors and did not introduce new shareholders. Cross River Bank is primarily focused on serving fintech companies.

[Cross River Bank Secures $50 Million Funding to Enhance AI and Cryptocurrency Operations]Cross River Bank, a licensed bank in the United States, has completed a $50 million funding round, with the capital sourced from a fund under T. Rowe Price. The raised funds will be used to further expand its artificial intelligence and cryptocurrency business. Following this funding round, Cross River Bank's valuation is slightly above $3 billion. According to insiders, the specific valuation has not been disclosed. This round of financing involved existing investors and did not introduce new shareholders. Cross River Bank is primarily focused on serving fintech companies.

Cross River Bank Secures $50 Million Funding to Enhance AI and Cryptocurrency Operations

On March 31, local time, the Islamic Revolutionary Guard Corps (IRGC) of Iran issued a statement claiming that during the 88th round of Operation 'Real Commitment-4', Iran utilized missiles such as 'Imad', 'Khoramshahr-4', and 'Qader' to strike targets in central, southern, northern, and core areas of Israel, including Tel Aviv, Beersheba, Galilee, Negev, Arad, and the southern region of the Dead Sea. The strikes also targeted the gathering place of Israeli military commanders in Bnei Brak and the Ternov Air Force Base. The statement indicated that the IRGC Navy and Aerospace Forces conducted a joint operation using attack drones and missiles to hit hiding spots and drone control centers at the US military's Al-Zafra Air Base, Victoria Base, and Ali Salim Air Base. The statement concluded that Iran has developed a long-term plan to deplete the strength of Israel and US forces in the region. (CCTV News)

[IRGC Announces Long-Term Plan to Deplete US and Israeli Forces]On March 31, local time, the Islamic Revolutionary Guard Corps (IRGC) of Iran issued a statement claiming that during the 88th round of Operation 'Real Commitment-4', Iran utilized missiles such as 'Imad', 'Khoramshahr-4', and 'Qader' to strike targets in central, southern, northern, and core areas of Israel, including Tel Aviv, Beersheba, Galilee, Negev, Arad, and the southern region of the Dead Sea. The strikes also targeted the gathering place of Israeli military commanders in Bnei Brak and the Ternov Air Force Base. The statement indicated that the IRGC Navy and Aerospace Forces conducted a joint operation using attack drones and missiles to hit hiding spots and drone control centers at the US military's Al-Zafra Air Base, Victoria Base, and Ali Salim Air Base. The statement concluded that Iran has developed a long-term plan to deplete the strength of Israel and US forces in the region. (CCTV News)

IRGC Announces Long-Term Plan to Deplete US and Israeli Forces

On March 31, Trump posted on his Truth platform, stating, "To all those countries unable to obtain aviation fuel due to the Strait of Hormuz, such as the UK, which refuses to participate in the destruction of Iran, I have a suggestion for you: First, buy from the U.S., we have plenty of oil; second, muster the courage to go to the Strait of Hormuz and seize the oil. You must start learning to be self-reliant, the U.S. will no longer help you as before. Iran has essentially been destroyed. The hardest part is over. Go get your own oil."

[Trump to Non-Cooperative Allies: Buy Oil from the U.S. or Seize It in the Strait of Hormuz]On March 31, Trump posted on his Truth platform, stating, "To all those countries unable to obtain aviation fuel due to the Strait of Hormuz, such as the UK, which refuses to participate in the destruction of Iran, I have a suggestion for you: First, buy from the U.S., we have plenty of oil; second, muster the courage to go to the Strait of Hormuz and seize the oil. You must start learning to be self-reliant, the U.S. will no longer help you as before. Iran has essentially been destroyed. The hardest part is over. Go get your own oil."

Trump to Non-Cooperative Allies: Buy Oil from the U.S. or Seize It in the Strait of Hormuz

On March 31, the Cosmos ecosystem lending protocol Mars Protocol announced that it has completed the entire liquidation process according to governance proposal MRC-165: all liquidation LTVs have been adjusted to 0, and all remaining loan positions have been liquidated. Funds in users' credit accounts and Mars v1 have been directly returned to their wallets. The project team stated that funds held by Amber will be notified through Amber's official channels in the coming days. Mars' official Discord and Telegram will be closed soon, and no further support or updates will be provided. The Mars team indicated that this operation marks the formal and orderly conclusion of the protocol.

[Mars Protocol Completes Liquidation and Closes Community Channels]On March 31, the Cosmos ecosystem lending protocol Mars Protocol announced that it has completed the entire liquidation process according to governance proposal MRC-165: all liquidation LTVs have been adjusted to 0, and all remaining loan positions have been liquidated. Funds in users' credit accounts and Mars v1 have been directly returned to their wallets. The project team stated that funds held by Amber will be notified through Amber's official channels in the coming days. Mars' official Discord and Telegram will be closed soon, and no further support or updates will be provided. The Mars team indicated that this operation marks the formal and orderly conclusion of the protocol.

Mars Protocol Completes Liquidation and Closes Community Channels

According to monitoring by 1M AI News, Xiaomi's official long article states that the Xiaomi MiMo-V2-Pro has reached the top position in the daily, weekly, and monthly rankings on OpenRouter. The official disclosure reveals that the token consumption of this model has exceeded 40 trillion in the past week, with a total consumption of over 60 trillion tokens in less than half a month since its launch. Xiaomi also mentioned that the MiMo-V2-Pro has entered the global top five in the Model Rank dimension on Text Arena (Arena Expert), ranking just behind the top models from Anthropic, OpenAI, and Google. In terms of laboratory rankings, Xiaomi currently ranks fourth globally on Text Arena (Arena Expert) and fifth on Code Arena. The MiMo-V2-Pro is Xiaomi's flagship base model released on March 18, featuring an MoE architecture and supporting 1 million contexts.

[Xiaomi MiMo-V2-Pro Tops Three Charts on OpenRouter: Consumes 60 Trillion Tokens in Half a Month]According to monitoring by 1M AI News, Xiaomi's official long article states that the Xiaomi MiMo-V2-Pro has reached the top position in the daily, weekly, and monthly rankings on OpenRouter. The official disclosure reveals that the token consumption of this model has exceeded 40 trillion in the past week, with a total consumption of over 60 trillion tokens in less than half a month since its launch. Xiaomi also mentioned that the MiMo-V2-Pro has entered the global top five in the Model Rank dimension on Text Arena (Arena Expert), ranking just behind the top models from Anthropic, OpenAI, and Google. In terms of laboratory rankings, Xiaomi currently ranks fourth globally on Text Arena (Arena Expert) and fifth on Code Arena. The MiMo-V2-Pro is Xiaomi's flagship base model released on March 18, featuring an MoE architecture and supporting 1 million contexts.

Xiaomi MiMo-V2-Pro Tops Three Charts on OpenRouter: Consumes 60 Trillion Tokens in Half a Month

On March 31, U.S. President Trump stated: "For all those countries unable to obtain jet fuel due to the Strait of Hormuz, such as the UK which refused to get involved in the Iranian beheading incident, I have a suggestion for you: First, buy from the U.S., we have ample supply; second, muster some courage and go to the Strait to take it directly. You must learn to fight for yourselves, as the U.S. will no longer help you, just as you have not helped us in the past. Iran has essentially been destroyed, the difficult part is over. Go fight for your own oil!"

[Trump: Iran Has Essentially Been Destroyed, Go Fight for Your Own Oil]On March 31, U.S. President Trump stated: "For all those countries unable to obtain jet fuel due to the Strait of Hormuz, such as the UK which refused to get involved in the Iranian beheading incident, I have a suggestion for you: First, buy from the U.S., we have ample supply; second, muster some courage and go to the Strait to take it directly. You must learn to fight for yourselves, as the U.S. will no longer help you, just as you have not helped us in the past. Iran has essentially been destroyed, the difficult part is over. Go fight for your own oil!"

Trump: Iran Has Essentially Been Destroyed, Go Fight for Your Own Oil

Streamlined Ventures, led by Ullas Naik, secured $140 million in new capital commitments for its two newest funds. This brings the total funds managed to eight with the assets under management reaching about $325 million.
Institutional investors, family offices and high net worth individuals pumped $102 million into the firm’s fifth seed fund, which targets startups focused on data science, AI, software automation, APIs and Web 2.5. The second is $36 million into a third opportunity fund that invests in mid-stage financings of seed-stage companies from prior seed funds.
In terms of vertical markets, like fintech, insuretech or health tech, we’re looking at everything, and we still continue to. We’re doing this speculative phase on web3. We invested in a few web3 companies, but only in companies where we saw true value transfer, like in gaming or DeFi. The bar is kind of high around web3 and it’s an area where I’m sort of deploying dollars much slower, Ullas Naik said.

Detail

【Solo GP secures $140M for fifth seed, third opportunity funds】Streamlined Ventures, led by Ullas Naik, secured $140 million in new capital commitments for its two newest funds. This brings the total funds managed to eight with the assets under management reaching about $325 million.
Institutional investors, family offices and high net worth individuals pumped $102 million into the firm’s fifth seed fund, which targets startups focused on data science, AI, software automation, APIs and Web 2.5. The second is $36 million into a third opportunity fund that invests in mid-stage financings of seed-stage companies from prior seed funds.
In terms of vertical markets, like fintech, insuretech or health tech, we’re looking at everything, and we still continue to. We’re doing this speculative phase on web3. We invested in a few web3 companies, but only in companies where we saw true value transfer, like in gaming or DeFi. The bar is kind of high around web3 and it’s an area where I’m sort of deploying dollars much slower, Ullas Naik said.

Solo GP secures $140M for fifth seed, third opportunity funds

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Solo GP secures $140M for fifth seed, third opportunity funds

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