News linked to both this project and an event.
According to on-chain analyst Murphy (@Murphychen888), BTC’s price has risen to around $79,000. The open interest (OI) in the futures market has rebounded to its recent high of 472,000 BTC, indicating continued leverage accumulation. During yesterday’s peak period, short positions paid funding fees to longs at an average rate of $604,000 per hour—lower than the April 17 peak ($790,000) but still significantly above the 7-day average ($197,000). Murphy notes that elevated OI combined with deepening negative basis creates conditions where a price rebound could trigger forced liquidations or margin calls among shorts, generating strong buying pressure and sparking a short squeeze. Historically, similar conditions preceded rebounds on March 9 and April 13; currently, opening new short positions offers unattractive risk-reward odds.
According to data from Trader T (@thepfund), yesterday’s net inflow into Bitcoin spot ETFs totaled $331.9 million. Among them, BlackRock’s IBIT recorded a net inflow of $246.9 million—accounting for approximately 74% of the day’s total inflow; Fidelity’s FBTC saw a net inflow of $56.69 million; Bitwise’s BITB, $15.43 million; Ark’s ARKB, $11.91 million; Morgan Stanley’s MSBT, $11.31 million; and WisdomTree’s BTCW, $6.26 million. Grayscale’s GBTC experienced a net outflow of $16.56 million on the same day, while all other funds reported zero net inflows.
According to on-chain analyst Yujin (@EmberCN), the KelpDAO hacker, over a period of approximately one and a half days, has converted nearly all 75,700 ETH (valued at roughly $175 million) on Ethereum into BTC—primarily via the cross-chain protocol THORChain. This money-laundering activity generated approximately $800 million in trading volume and $910,000 in platform fees for THORChain.
QCP released a market analysis stating that BTC rebounded from its overnight low near $75,000 to approximately $78,000; however, this rally appears more like a relief-driven correction following easing risk sentiment, rather than signaling the start of a new market phase. The report notes that Trump’s unilateral extension of the ceasefire with Iran has lowered near-term expectations of conflict escalation, yet the Strait of Hormuz remains largely closed and Iran’s stance remains unclear. Meanwhile, oil prices have held near $100 per barrel, resulting in concurrent inflationary pressures and slowing growth. QCP also points out that BTC open interest has risen noticeably while funding rates remain negative—indicating that short sellers are adding positions amid the rally. Overall, the options market continues to price in range-bound trading, not trend continuation.
According to on-chain analyst Ai Aunt (@ai9684xtpa), the meme coin sector has recently shown signs of recovery. Over the past 30 days, the total market capitalization of meme coins has increased by 15.58%, reaching approximately $3.56 billion; trading volume has risen by 56.14%, totaling about $3.79 billion. For comparison, Bitcoin’s market cap growth over the same period was 14.06%. Notably, meme coin projects—from Binance Life to ASTEROID—have seen a resurgence in popularity.
According to on-chain analyst Ai Yi's monitoring, the whale "Set 10 Big Goals First" shared a portfolio holding 717.491 BTC, with a floating profit of $1.226 million. The opening price was $75,731.7, and the current price is $77,439.7.
Odaily News Grayscale analyst Zach Pandl disclosed data showing that Bitcoin has rebounded over 20% from its low of around $63,000 in early February. The current price is approximately $76,000, slightly above the average cost (realized price) of about $74,000 for buyers over the past 1 to 3 months. This means most short-term investors have returned to the break-even range.Analysis suggests that if the price rises further, more recent buyers will enter a profitable state, which is often considered one of the important signals in the early stages of a bull market. However, Bitcoin remains below its high from last October. Market views indicate that this round of recovery may have formed a relatively solid interim bottom in the range of $65,000 to $70,000.
According to on-chain analyst Yu Jin, the KelpDAO hacker began laundering and transferring ETH yesterday afternoon, and by now should have laundered 34,500 ETH (worth $80 million).Most of this ETH was cross-chain swapped into BTC via THORChain, which consequently earned a significant amount in "toll fees":1. THORChain's trading volume surged to $360 million over the past 24 hours, compared to an average daily volume of only $20 million previously.2. THORChain's platform fee revenue reached $420,000 over the past 24 hours, whereas its daily fee income was only $5,000 before.
According to on-chain analyst Specter (@SpecterAnalyst), the North Korean hacking group TraderTraitor began laundering stolen funds from KelpDAO at approximately 3 a.m. Beijing time today—just three hours after the Arbitrum Council froze 30.7 ETH (approximately $71 million). The attackers split the remaining funds across three wallets, holding roughly 25,000 ETH (~$57.6 million), 25,700 ETH (~$59.2 million), and 25,000 ETH (~$57.9 million), respectively. The third wallet immediately initiated laundering operations and now holds only about 3,800 ETH (~$8 million). The majority of the funds were bridged to the Bitcoin network via THORChain, with approximately 99% flowing through this protocol. As a result, THORChain’s daily trading volume surged to $211 million—more than ten times its 30-day average—and generated roughly $189,000 in fees. During this laundering process, the illicit proceeds were also commingled with funds stolen in the BTC Turk (2025) and Bybit (2025) hacks. To date, approximately 442 BTC (~$33 million) linked to these incidents have been traced on the Bitcoin network, and over 400 addresses have been utilized throughout the entire laundering operation.
Odaily News Analyst Markus Thielen stated that the Bitcoin demand structure is gradually repairing. He pointed out that strategic holdings continue to increase, providing stable buying support, the Coinbase Premium has rebounded, and the single-day net inflow of spot Bitcoin ETFs once reached $664 million, the highest level since mid-January.He believes that corporate capital, ETF inflows, and U.S. spot demand are forming a combined force, coupled with the return of stablecoin capital, market liquidity is gradually improving. Against this backdrop, Bitcoin's price may enter a new consolidation range. If the related trends continue, the probability of an upward move has increased, but the price action may still be dominated by consolidation.
According to analyst Markus Thielen, Bitcoin’s demand structure is gradually recovering. Strategy (formerly MicroStrategy) continues its accumulation, providing steady buying support; the Coinbase Premium is rising steadily; and spot Bitcoin ETFs recorded a single-day net inflow of $664 million—the highest level since mid-January. Corporate treasury purchases, ETF inflows, and U.S. spot demand are converging, while stablecoin liquidity continues flowing back into the ecosystem—collectively strengthening liquidity support. Analysts note that the market may be forming a new consolidation range; if these trends persist, the probability of price advancing toward the upper bound of this range is increasing—though the move will not be linear.
Bitget will launch spot trading for Bitget BTC (BGBTC). Deposit channels are now open, and trading will commence on April 21 at 18:00 (UTC+8). BGBTC is a yield-bearing wrapped asset launched by Bitget, pegged 1:1 to native BTC. By simply holding BGBTC in your Bitget account, you automatically earn on-chain DeFi yields daily. For more product details, visit the official Bitget platform.
According to Trader T (@thepfund), yesterday’s Bitcoin spot ETFs recorded a net inflow of $238.37 million, with BlackRock’s $IBIT alone accounting for $256.05 million. Grayscale’s $GBTC saw an outflow of $24.94 million, and Fidelity’s $FBTC experienced an outflow of $6.65 million; most other ETFs registered zero net inflow for the day.
According to on-chain analyst Ember (@EmberCN), a whale/institution that invested $500 million in BTC and ETH in early February—buying at the bottom—retrieved 17,400 ETH from Aave by directly swapping its deposit receipt (aEthWETH) for ETH at a ~1.8% discount, resulting in a loss of 310 ETH (approximately $720,000). The ETH obtained was then redeposited into Spark.
According to Yu Jin’s monitoring, the whale/institution that spent $500 million to accumulate BTC and ETH at the bottom in early February transferred its remaining 2,000 cbBTC (approximately $151 million) to Coinbase in the early hours. This address purchased 4,000 cbBTC at an average price of $73,837 in early February and has now transferred all of it to Coinbase at an average price of $75,181, realizing a profit of approximately $5.37 million.
According to on-chain analyst Onchain Lens (@OnchainLens), Morgan Stanley purchased 215 BTC four hours ago for approximately $16.43 million, bringing its total holdings to 1,820.6 BTC, valued at roughly $138.1 million.
Odaily News Bloomberg senior ETF analyst Eric Balchunas posted on the X platform, stating that Bitcoin ETF inflows have surpassed $10 billion this year, successfully reversing the previous net outflow situation and achieving positive growth. The next key observation metric is the cumulative historical net inflow size (the most important and challenging indicator), which previously peaked at $62.8 billion and is currently around $58 billion, still about $5 billion away from setting a new historical high. During the development of an asset class, the key is to control the scale of outflows during market downturns to reduce subsequent recovery pressure; in this regard, spot Bitcoin ETFs have outperformed other popular asset classes.
According to on-chain analyst Onchain Lens (@OnchainLens), BlackRock withdrew 3,372 BTC—worth approximately $255.86 million—from Coinbase over the past eight hours.
Odaily News According to on-chain analyst Yu Jin's monitoring, Strategy currently holds 815,061 BTC, with a total value of approximately $61.363 billion and an average cost of around $75,527. It has an unrealized loss of about $195 million, representing a decline of approximately 0.3%.Ethereum treasury company Bitmine currently holds 4,976,485 ETH, with a total value of approximately $11.505 billion and an average cost of around $3,596. It has an unrealized loss of about $6.39 billion, representing a decline of approximately 35.7%.
According to The Block, despite renewed U.S.-Iran tensions disrupting expectations for the Strait of Hormuz and triggering volatility across oil, stock, and cryptocurrency markets, Bitcoin stabilized near $75,200 on Monday. Analysts noted that U.S. spot Bitcoin ETFs recorded net inflows of $996.4 million last week—the strongest weekly performance since mid-January—reflecting institutional demand supporting the market. However, the market remains in a “fragile equilibrium,” with stablecoin balances continuing to rise, indicating that liquidity within the crypto market is rotating internally rather than flowing out.