News linked to both this project and an event.
According to on-chain analytics platform Lookonchain (@lookonchain), Abraxas Capital (Alpha Bitcoin Fund) has deposited 1,993 BTC (approximately $148.3 million) into Kraken once again. Since March 14, the firm has cumulatively deposited 9,582 BTC (approximately $691 million) into Kraken and currently holds 20,337 BTC (approximately $1.51 billion).
According to on-chain analyst Ai Aunt (@ai_9684xtpa), “Brother Maji” currently holds three long positions on Hyperliquid, with a total unrealized profit of $1.599 million: - A 25x long position in ETH, holding 13,925 ETH (approximately $32.56 million), opened at $2,245.70, with an unrealized profit of $1.263 million; - A 40x long position in BTC, holding 204 BTC (approximately $15.23 million), opened at $73,971, with an unrealized profit of $120,000; - A 10x long position in HYPE, holding 211,000 HYPE (approximately $9.57 million), with an unrealized profit of $216,000. His ETH position size ranks among the top two largest ETH positions on Hyperliquid.
Odaily News According to Odaily, as geopolitical tensions eased and inflationary pressures subsided, market risk appetite showed a significant recovery over the past week, with oil prices falling and the VIX declining. BTC is currently fluctuating around $75,000. On the capital front, institutional buying has regained dominance, with both BTC ETF and ETH ETF recording net inflows. In terms of trading structure, capital is concentrating towards high-liquidity assets and leading platforms, trading in macro high-volatility assets like crude oil remains active, while stablecoins and the DeFi ecosystem are also undergoing synchronous repair.Against this backdrop, Gate's institutional trading performance continues to improve, with spot and derivatives trading overall outperforming the market, and derivatives maintaining industry leadership. With the iteration of market maker fee rates and assessment mechanisms, the activity of mid-tier clients has increased, further improving the trading structure. CrossEx trading volume and capital deposits have reached new highs, and collaboration with asset management and OTC Loan services is accelerating. In terms of capital business, demand for mainstream assets like ETH and USDT has rebounded, and the gradual implementation of AI customer service is enhancing institutional service efficiency.Simultaneously, Gate's multi-asset trading system continues to meet institutional demand. The platform covers multiple asset classes including metals, stocks, indices, forex, and commodities, with related derivatives trading remaining active. Leveraging the SuperLink architecture and cross-venue capital scheduling capabilities, Gate continues to provide institutions with more flexible trading and risk management tools.
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 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.
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.
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.
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 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.
According to on-chain analyst Onchain Lens (@OnchainLens), the Royal Government of Bhutan transferred 250 BTC for sale, valued at approximately $18.46 million.
According to on-chain analytics platform Lookonchain (@lookonchain), trader 0x049b has once again opened a 20x-leveraged long position, purchasing 269 BTC (approximately $19.92 million) and 8,586 ETH (approximately $19.92 million). Over the past two months, this trader has executed a total of 47 trades, achieving a win rate of 63.83% and generating roughly $5.17 million in total profits.
According to on-chain analyst Ai Aunt (@ai_9684xtpa), an ancient whale—dormant for 14.5 years with a cost basis as low as $0.37 per BTC—has awakened again after four months and transferred 500 BTC (worth approximately $37.04 million) to a new address, bc1q9…h0s2j, just two minutes ago. The whale’s current holdings stand at 2,359 BTC, valued at roughly $174 million.
Odaily News Trader Killa posted on the X platform, stating that this will be his last swing short on BTC for this cycle. He indicated that he will either trigger a stop-loss or hold until the target price is reached, betting that the cycle timing has not shifted significantly.
According to DL News, Bitcoin has surged 8% over the past two weeks and is currently trading near $74,000. Max Kahn, CEO of Digital Wealth Partners, noted that Bitcoin’s next upward move hinges on three key factors: first, inflation data driven by energy prices; second, market expectations regarding the Federal Reserve’s monetary policy—should inflation remain under control and market sentiment shift toward dovish expectations, risk assets like Bitcoin would benefit directly; and third, sustained institutional inflows, with Bitcoin ETFs recording $523 million in net inflows in April, continuing the strong performance seen since March.