Backpack officials stated that a certain trader held large open positions on Polymarket, believing that the BP token's FDV would exceed $200 million one day after TGE, and attempted to push the price above $0.2. After investigation, these traders are unrelated to Backpack, and the company maintains zero tolerance for insider trading.

2026-03-19 07:00 to 07:15 (UTC) during this period, BTC price fluctuated in the range of 69989.7 to 70593.9 USDT in the short term, ultimately recording a yield of -0.84% within 15 minutes, with an amplitude of 0.86%. Market attention during this period rose rapidly, volatility increased, reflecting a contraction in risk appetite among short-term traders. The main driving force of this fluctuation was the collective increase in selling pressure from spot and derivatives markets. Standard market logic shows that if spot trading volume expands within this window and large sell orders emerge, it tends to push prices downward. Meanwhile, derivatives