News linked to this event type.
Odaily News Bitcoin rose to around $74,935 during Asian trading hours, gaining 0.7% in the past 24 hours and 5.4% for the week. However, the derivatives market is sending mixed signals. Institutional firm QCP Capital noted that this rally is primarily driven by spot buying, not a broad-based recovery in risk appetite. Currently, Bitcoin perpetual futures funding rates remain negative, and open interest is declining, indicating that shorts are still adding hedges rather than being forced to liquidate.The options market also leans cautious: short-term implied volatility is subdued, with the one-month tenor lower than the three-month, and risk reversal indicators show market demand for downside protection exceeds that for upside bets, suggesting traders are more willing to pay for potential declines than to chase gains. QCP believes this looks more like a "rebound" than a trend reversal.On the macro front, long-term U.S. Treasury yields and gold prices have not confirmed a recovery in risk appetite. Gold remains near its highs, indicating persistent safe-haven demand. Institutions point out that the current market action is more of a "sentiment repair" driven by ceasefire expectations, rather than a resolution of core risks.Furthermore, Ethereum has shown relative strength, with the ETH/BTC ratio recovering to around 0.0315. Coupled with on-chain transaction volume and stablecoin supply reaching all-time highs, this suggests signs of capital rotation into higher-beta assets. However, the market still needs to observe the evolution of subsequent risk events to confirm the sustainability of this rally. (CoinDesk)
Odaily News According to a CryptoQuant report, Bitcoin is facing "short-term selling pressure" after rebounding above $76,000. Data shows that during Tuesday's price increase, the amount of Bitcoin flowing into exchanges surged significantly, with hourly inflows once rising to 11,000 BTC, the highest level since December last year.CryptoQuant pointed out that the increase in the scale and speed of exchange inflows has historically been seen as a key early warning signal for short-term selling pressure, indicating that some holders are transferring assets to exchanges in preparation for selling. Meanwhile, the average single deposit size rose to 2.25 BTC, hitting a new high since July 2024 and approaching levels seen before the market peaked in January this year.In terms of price action, TradingView data shows that Bitcoin on Coinbase once touched $76,052, reaching a new high since early February. However, the report suggests that as the price approaches the realized price of $76,800, this level could become a ceiling for the rebound, as investors near their break-even point may be inclined to sell, thereby limiting further upside.Furthermore, the current profit-taking is still in its early stages, with daily realized profits around $500 million, which is below the $1 billion threshold typically associated with interim tops. If the price rises further into the $76,000 to $76,800 range, the scale of profits could expand, thereby intensifying selling pressure and increasing the probability of a pullback or consolidation. (Cointelegraph)
CryptoQuant stated that as Bitcoin surged above $76,000, a large volume of BTC is flowing into cryptocurrency exchanges, indicating “short-term selling pressure” in the market. Data shows the hourly inflow to exchanges spiked to 11,000 BTC—the highest level since December last year—while the average deposit size rose to 2.25 BTC, the largest since July 2024. CryptoQuant noted that the realized price near $76,800 could act as a resistance level for this rally, as traders nearing their break-even points may have stronger incentives to sell.
According to on-chain analytics platform Lookonchain (@lookonchain), over the past five hours, three newly created wallets withdrew 1,600 BTC—worth approximately $120 million—from Binance and BitGo.
According to on-chain analyst Yujin (@EmberCN), two Solana addresses associated with the Bless project transferred out 300 million BLESS tokens—worth approximately $3.83 million—within the past 9 hours, during which the BLESS price plummeted by 55%. Of these, 200 million BLESS tokens (valued at ~$2.15 million) were sent to Bitget, and 50 million BLESS tokens (valued at ~$500,000) were bridged to BSC and are currently being sold. The relevant cross-chain address has already sold 10 million BLESS tokens, receiving 125,000 USDT in return.
According to on-chain analyst Yujin (@EmberCN), a group of addresses suspected to be linked to the SIREN market maker has been continuously withdrawing 30.07 million SIREN tokens—worth approximately $25.09 million—from the Binance Alpha wallet since April 5. During the same period, the SIREN price rebounded from $0.13 to $0.83. Previous analysis indicated that these market-maker-associated addresses controlled at least 88.5% of all SIREN tokens; including the aforementioned withdrawal addresses, their on-chain dominance may now exceed 93%. If centralized exchange holdings are also factored in, the proportion could be even higher.
According to on-chain analyst EmberCN (@EmberCN), a whale trader on Hyperliquid has fully closed all long positions in ETH and BTC—valued at approximately $398 million—locking in cumulative profits of about $68.47 million. The trader opened 120,000 ETH and 1,500 BTC long positions across four addresses between February and March. After the crypto market surged significantly on April 14, the trader began taking profits in batches. ETH was opened in the range of $2,000–$2,150 and exited near $2,390; BTC was opened at approximately $68,420 and exited near $74,700.
According to CoinDesk, on-chain data shows that Tether recently transferred 951 BTC to its Bitcoin reserve address—worth approximately $70 million at the time—bringing its total holdings to 97,141 BTC, valued at roughly $7.16 billion. The relevant address is labeled “Tether: BTC Reserve” and matches the address previously confirmed by Tether CEO Paolo Ardoino. This latest acquisition continues Tether’s allocation strategy, initiated in 2023, of allocating up to 15% of its realized operating profits into Bitcoin.
According to on-chain analyst Onchain Lens (@OnchainLens), entities affiliated with Matrixport have fully closed their final 25,000 ETH long position with 20x leverage, realizing a profit of $17.32 million after holding the position for approximately 65 days. Previously, Onchain Lens reported that three wallets belonging to the same Matrixport entity had collectively closed long positions totaling 1,150 BTC and 95,000 ETH, realizing a profit of $48.19 million. At that time, this whale still held a 25,000 ETH long position with 20x leverage in one of the wallets, with an unrealized profit of $8.1 million.
According to on-chain analyst Onchain Lens (@OnchainLens), BlackRock withdrew 3,446 BTC from Coinbase in the past 8 hours, valued at approximately $255.2 million.
According to Cointelegraph, Ethereum’s price has stabilized above $2,300 following a recent rebound, while ETH futures open interest has risen to $2.54 billion—indicating growing demand for leveraged positions. Meanwhile, U.S.-listed spot Ethereum ETFs recorded net inflows of $248 million over the past 10 days, and Bitmine Immersion disclosed its purchase of $312 million worth of ETH. However, ETH perpetual contract funding rates have failed to sustain levels above 5% and have repeatedly dipped below zero—suggesting limited market confidence in this rally. Additionally, weekly DApp revenue on Ethereum has declined from $24 million in early February to $11 million, with weakening network activity and intensifying competition among public blockchains potentially continuing to weigh on ETH’s price trajectory.
Odaily News CryptoQuant indicates that Bitcoin's recent rally is facing increasing risks of selling pressure, with on-chain data showing a significant rise in funds flowing into exchanges.Bitcoin previously broke through $76,000 but faced downward pressure and retreated when approaching the key resistance zone around $76,800. This level corresponds to the "on-chain realized price" range, which has historically often acted as a top for rallies, as many investors whose holdings are nearing breakeven tend to sell.Data shows that the hourly inflow of Bitcoin into exchanges has risen to approximately 11,000 BTC, the highest level since late 2025, which is typically viewed as a potential signal of selling pressure. Simultaneously, the scale of transfers into exchanges by large holders (whales) is also expanding.Analysis suggests that if this resistance level remains effective, Bitcoin may face short-term correction pressure, with a key support level around $67,600.
Odaily News According to on-chain analyst Yu Jian's monitoring, Delysium co-founder Xiankun Wu's address transferred 131,750 RAVE to Bitget half an hour ago, valued at $1.7 million. He obtained these RAVE tokens through unlock distribution/airdrops two months ago, when they were worth only $46,000.
According to on-chain analyst Yujin (@EmberCN), Tether—the issuer of USDT—recently withdrew 951 BTC (worth approximately $70.47 million) from Bitfinex to its BTC reserve address. This batch of Bitcoin was purchased in Q1 this year using 15% of the company’s profits. Tether’s BTC reserve address currently holds a total of 97,141 BTC, valued at approximately $7.2 billion, making it the world’s fifth-largest BTC wallet. Based on the price at the time of withdrawal, its average acquisition cost is approximately $51,312 per BTC, with an unrealized profit of roughly $2.175 billion.
According to data from GMGN, trader Wang Xiaoer has been continuously taking profits on "Binance Life". The cumulative trading profit from his single wallet account is approximately 773.67 BNB, equivalent to about $478,700 USD, with a return rate of approximately 95.79%.In his review, he also mentioned that in early April, he judged the market to be at a stage bottom and diversified his portfolio into dozens of low-market-cap tokens. However, the overall return performance fell short of expectations. As the market rebounded, his main sources of profit were concentrated in a few strong performers.
According to on-chain analyst Onchain Lens (@OnchainLens), a whale has staked 50,000 ETH on the Everstake platform, valued at approximately $116.97 million.
According to on-chain analyst Yujin (@EmberCN), the suspected controller of “Binance Life” has again withdrawn 30 million $Binance Life tokens from Binance to the blockchain via three wallets in the past half hour, valued at approximately $11.4 million. Over the past three days, driven by sustained large-scale accumulation from this set of addresses, the price of $Binance Life has surged 112% ($0.17 → $0.36). As of now, the suspected controlling address set holds a total of 227 million $Binance Life tokens on-chain—22.7% of the total supply—valued at approximately $81.55 million.
Odaily News According to Lookonchain monitoring, U.S. Bitcoin ETFs recorded a net inflow of 4,566 BTC today, Ethereum ETFs saw a net inflow of 23,405 ETH, and Solana ETFs saw a net inflow of 13,662 SOL.
According to on-chain analyst Ai Aunt (@ai_9684xtpa), Sun Yuchen deposited 300 million JST tokens to the HTX exchange one hour ago, valued at approximately $22.8 million. JST is the native governance token of JustLend DAO, TRON’s lending platform. This marks Sun Yuchen’s first JST-related activity in a month.
According to QCP Group analysis, BTC rebounded overnight alongside risk assets, rising back into the mid-$74,000 range, triggered by news of an initial U.S.-Iran framework agreement. However, long-end yields barely moved, gold held near highs, and bond markets failed to follow—indicating this rally reflects headline-driven risk alleviation rather than a substantive geopolitical resolution. The core dispute centers on uranium enrichment: Iran is currently enriching uranium to 60%, while the U.S. demands a reduction to below 20%. To date, Iran has issued no signals of compromise—a standoff unresolved since 2015. From a crypto market-structure perspective, BTC spot prices rose gradually amid negative funding rates and low open interest, suggesting short sellers remain resistant and are fueling a short squeeze. Yet options markets have not confirmed the breakout: short-term at-the-money (ATM) volatility remains near 40, and one-month implied volatility still sits below three-month volatility—highlighting stronger demand for downside protection than for upside momentum chasing. On the macro front, the Fed’s net rate-cutting room for this year has nearly vanished, and liquidity conditions remain relatively tight. QCP views this rally as fundamentally a geopolitically driven relief bounce—not a structural shift in the macro landscape—and warns markets to remain vigilant against pullback risks following the rebound.