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Showing posts from April, 2026

Ethereum Buyers Hit $1 Billion in One Hour — Here's What the Data Says

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 Ethereum dropped below $2,300 on April 30, and something unusual happened fast. Taker buy volume on Binance crossed $1 billion within a single hour, according to on-chain data shared by CryptoQuant analyst Darkfost. A parallel spike of nearly $20 million appeared on OKX over the same window. This was not slow, passive accumulation. Taker buy volume measures aggressive market orders — buyers hitting the ask price rather than waiting. When that number crosses $1B in 60 minutes on a single exchange, the floor at a given price level is being tested by people willing to pay whatever the current market is offering. The backdrop was the Federal Reserve. On April 29, the FOMC voted to hold the benchmark rate at 3.5% to 3.75% for the third meeting in a row. The vote was 8 to 4 — the most divided Fed outcome since 1992. Three dissenters objected to language suggesting future cuts are still possible. One dissenter, Governor Miran, wanted an immediate reduction. Fed Chair Jerome Powell, in ...

Bitcoin's Drawdown Is Deep But History Says It Could Go Deeper

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 Bitcoin's current pullback from its all-time high looks painful on paper. A nearly 40% drop from the October 2025 peak of approximately $126,000 would shake most investors. But on-chain data from CryptoQuant is raising a different question — not whether this hurts, but whether it hurts enough to mark a genuine cycle bottom. The short answer, according to CryptoQuant analyst @_Crypto_glass, is that current conditions do not yet match the damage that preceded past recoveries. Bitcoin's three major cycle lows each came after extreme selloffs. The 2015 bottom followed an 86% decline from peak. The 2018 crash ended after an 83% wipeout. Even in 2022, when crypto contagion from FTX collapse was at its worst, Bitcoin did not bottom until after a 76% drawdown. The current pullback sits at around -39%. That gap is significant. This does not mean Bitcoin is heading to those depths again. CryptoQuant's note is careful on that. More recent bear markets have produced shallower losse...

April 2026 Was One of DeFi's Worst Months on Record

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  The numbers from April 2026 are hard to ignore. According to DefiLlama, more than $629.7 million was drained from DeFi protocols across the month. Two attacks account for roughly 92% of that. Drift Protocol on Solana lost $285 million on April 1 after North Korean state-sponsored hackers ran a six-month social engineering campaign against its team. KelpDAO lost $293 million on April 18 when a single-point bridge verification system was exploited to drain 116,500 rsETH across more than 20 chains. Those two incidents are the story most outlets told. What they skipped is everything underneath. Sui logged three separate exploits in roughly two weeks. Volo Vault lost $3.5 million. Scallop lost $150,000 to a bug that had been sitting in a deprecated contract for 17 months. Aftermath Finance was drained of $1.14 million and the attacker sent funds straight to KuCoin. Add in Pawtato in January, Typus in October 2025, and Nemo in September 2025, and Sui has now recorded six separate pro...

Ripple Just Opened a New HQ in Dubai. Here Is What It Means for Blockchain Payments in Africa and the Middle East

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  Ripple, one of the world's most active blockchain payments companies, opened its new Middle East and Africa regional headquarters inside Dubai's Dubai International Financial Centre on April 30, 2026. The move comes six years after the company first set up shop in Dubai, and this time it is coming with serious capacity to scale. The new DIFC office creates room to double Ripple's existing MEA team. That alone says something about how fast demand for regulated blockchain infrastructure has been growing across the region. What makes this particularly worth paying attention to is the client list. Ripple's named regional clients include Absa Bank and Chipper Cash, two institutions that operate primarily across African markets. Absa covers 12 African countries. Chipper Cash runs cross-border remittances in eight. That means the new Dubai HQ is not just a Gulf-focused office. It is, in practice, a regulated hub for African blockchain payment corridors as well. On top of ...

Korea's Kbank Just Changed the Game for Digital Asset Banking

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 South Korea's first internet-only bank is no longer waiting on the sidelines. Kbank officially deployed Ripple Custody's MPC-based wallet infrastructure on April 30, 2026, becoming the first Korean internet bank to run institutional-grade digital asset management at this level. The move is notable for what it is not. This is not a pilot. It is not a proof-of-concept sitting in a test environment. Kbank is deploying live, bank-grade wallet infrastructure designed to handle multi-blockchain asset management with the security controls that regulated financial institutions need to actually operate in this space. Kbank already occupies a unique position in Korea's financial system. The bank is the exclusive banking partner for Upbit, the country's largest crypto exchange. Under Korean regulations, every Upbit user must hold a verified Kbank account before trading. That relationship pushed Kbank's user base from roughly 2 million in 2020 to 15 million by the end of 202...

Pi Network Just Opened Its 1 Million Human Workforce to AI Companies

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  Pi Network has been building something quietly inside its own ecosystem, and on April 28, 2026, it made the offer official. The network is now inviting AI companies to use its verified human workforce for model training, data labeling, inference quality improvement, and evaluation tasks. The headline number is 526 million. That is how many validation tasks were completed by over one million Pi KYC validators across more than 200 countries. Those tasks were part of Pi's own identity verification system. Contributors were paid directly in Pi tokens. The entire operation ran through Pi's blockchain payment infrastructure, not through fiat channels. What makes this more than a standard crypto announcement is what it solves. Human-in-the-loop AI is expensive and messy. Companies need real people, not bots. They need those people verified. They need to pay them efficiently across borders. And they need them at a scale that most platforms cannot reach. Pi says it has already done al...

Aftermath Finance Hacker Sent $1.14M to KuCoin — Here Is What Happened

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  A DeFi protocol on Sui just had $1.14 million drained from its perpetuals vault. Then the attacker did something unusual. They sent the stolen funds directly to KuCoin. Aftermath Finance confirmed the exploit on April 29, 2026. The attack ran through eleven transactions over thirty-six minutes, targeting a flaw in how the protocol handled builder code fees. The system was designed to reward third-party developers who route trading volume through the platform. Someone found that negative fee values could be set, reversing the payout direction and pulling USDC out of the vault instead. The protocol's swaps, staking, and all other products stayed untouched throughout. Only the perpetuals product was hit. Total confirmed damage: 1.14 million dollars. What drew immediate attention from the crypto security community was where the funds went after the exploit. Crypto commentator FabianoSolana flagged on X that the attacker routed everything to KuCoin, a centralized exchange that requ...

Ripple's RLUSD Is Now on OKX and Here's What That Actually Means

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  Ripple's stablecoin RLUSD went live on OKX on April 29, 2026. That single sentence sounds routine. It isn't. OKX has over 120 million users worldwide. It runs a Unified Order Book that pools compliant USD stablecoins, including USDC and USDG, into one shared liquidity layer. RLUSD now sits inside that same pool. That means a trader on OKX can use RLUSD to open a spot trade, then cross-margin a derivatives position, all from one balance, without moving funds between interfaces or paying conversion fees. What makes this different from a standard listing is the Ripple Prime layer. Ripple Prime is Ripple's institutional prime brokerage, and it plugs directly into OKX's trading environment. Every RLUSD trade on OKX is executed through that infrastructure. That is not how most exchange listings work. RLUSD launched in December 2024 under a New York Department of Financial Services trust charter. BNY Mellon holds the reserves. It is backed by U.S. dollar deposits, short-term...

Why the Fed's Reputational Risk Rule Matters for Crypto Companies

 For years, cryptocurrency firms across the United States have struggled to open and keep basic bank accounts. Not because they broke any law. But because their lenders feared what regulators might think. That is what reputational risk did inside the U.S. banking system. Bank examiners had the power to flag a financial institution's ties to crypto companies as a concern, with no measurable standard and no formal definition. Banks responded by quietly cutting off clients rather than facing supervisory pressure. The Federal Reserve proposed a rule in February 2026 to formally remove that concept from its supervisory programs. The rule, identified under Docket No. R-1884, would bar the Fed from pushing banks to deny services to customers based on their political views, religious beliefs, or involvement in legal industries regulators viewed as politically unpopular. The Digital Chamber, Washington's largest digital asset advocacy group, filed a comment letter on April 27, the fi...

Ethereum's $2,335 Level Could Decide Its Next Major Move

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  Ethereum is at a turning point. In late April 2026, ETH is trading directly at its realized price, a key on-chain metric that tracks the average acquisition cost across every wallet holding ETH on the network. That number, $2,335 right now, has acted as a dividing line between bull and bear phases in multiple past cycles. On-chain data from Glassnode shows the full picture through MVRV pricing bands. These bands map Ethereum's price against its network-wide cost basis. The 2.4 MVRV band sits at $5,604. The 0.80 band sits at $1,868. ETH is currently testing the line that sits directly between those two levels. Crypto analyst Ali Charts, who tracks Glassnode data closely, has pointed to this level as a structural test. The setup is not complicated. ETH either defends $2,335 and builds toward $5,600, or it loses the level and opens the door to $1,868. Both outcomes are mapped directly from the same on-chain framework that has guided ETH analysis across multiple market cycles. Wha...

Crypto Wallets Hacked Years Later: The Sweeper Bot Nobody Warned You About

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  Most crypto holders assume that revoking permissions after a phishing event closes the door. A post going viral on X this week proves otherwise, and the details are worth reading carefully. User 0x_abu shared that he clicked a fake Discord giveaway link back in October 2023. At the time his wallet held about $5 in BNB. It got drained. He revoked all approvals, disconnected every site, and continued using the wallet for nearly two years without incident. Small deposits passed through. Nothing happened. In April 2025 he deposited $400. It disappeared the moment it hit the wallet. No signing prompt. No interaction. Just gone. What had been sitting on that wallet the whole time was a sweeper bot, an automated script that monitors a compromised wallet address and transfers any incoming funds to the attacker instantly. These bots operate directly from the stolen private key. They do not need user approval. They beat every manual attempt to move funds out because they are faster than...

Why the CFTC Is Suing States Over Prediction Markets — And Why It Matters

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  The Commodity Futures Trading Commission just filed a lawsuit against Wisconsin, and it is not the first time this has happened. The same agency already sued Arizona, Connecticut, Illinois, and New York over nearly identical disputes. The pattern is clear: states are trying to shut down prediction market platforms, and the federal government keeps suing them to stop it. Wisconsin filed civil suits on April 23 against Kalshi, Polymarket, Crypto.com, Robinhood, and Coinbase. The state said these companies were running illegal sports betting operations under Wisconsin law. The CFTC responded within days, filing suit to block the state enforcement and reassert federal authority over these markets. This is not a small jurisdictional spat. At last count, legal conflicts between state regulators and prediction market companies span at least 16 states. A federal court in Arizona already blocked that state from pursuing a criminal case against a CFTC-licensed company. The Third Circuit ap...

A Quantum Computer Just Cracked a Bitcoin-Style Key. What Does That Mean for Your Crypto?

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 A researcher just broke a Bitcoin-style encryption key using a publicly accessible quantum computer and walked away with 1 Bitcoin as a prize. That sentence alone is enough to make any crypto holder pause. Giancarlo Lelli, an independent Italian researcher, broke a 15-bit elliptic curve cryptographic key on IBM quantum cloud hardware. Post-quantum security startup Project Eleven awarded him its Q-Day Prize bounty for the effort. The firm called it the largest public quantum attack on elliptic curve cryptography to date. That is the same type of cryptography protecting Bitcoin wallets, Ethereum wallets, and most blockchains in existence today. Now, before anyone sells everything, here is the context. Bitcoin runs on 256-bit elliptic curve cryptography. The key Lelli cracked was 15 bits. The gap between those two numbers is enormous. Bitcoin developers and cryptographers were quick to point out that the quantum circuit used in the demonstration produced outputs statistically simil...

Is Ethereum Heading to $2,000? This Chart Pattern Says Watch Closely

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 A classic technical warning sign has appeared on Ethereum's daily chart, and traders are paying close attention to a single price zone that could determine where ETH goes next. Crypto trader CGT_Trader flagged the setup on X on April 26, 2026. Ethereum has formed a head and shoulders top pattern, one of the most recognized bearish reversal structures in technical analysis. The pattern includes a left shoulder, a higher peak called the head near $2,450, and a right shoulder that came in lower. What makes this particular setup stand out is the neckline. Instead of sitting flat, it slopes downward, sitting between $2,300 and $2,330. A descending neckline shows that buyers are defending support at lower and lower levels each time price tests it. That is not strength. ETH was trading around $2,332 at the time the pattern was flagged. That puts price directly on top of the neckline zone. The pattern has not confirmed yet. According to CGT_Trader, a strong daily close below the blue bo...

XRP Could Hit $0.70-$0.90 Before Recovery, Analyst Says — Here's Why

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 Most XRP analysis right now focuses on whether price holds above $1.40 or breaks toward $1.80. That is the short-term picture. The two-week chart is telling a longer story. ChartNerdTA, a technical analyst on X, published a detailed breakdown of XRP's macro structure this week using 13 years of Gaussian channel data. The finding is straightforward: in every single XRP bear market across three full cycles, price has come back down to the lower band of the two-week Gaussian channel before any real recovery began. That lower band currently sits near $0.96. This cycle has not touched it. The bearish trend flip on the two-week Gaussian has not appeared yet either. In 2019 and 2022, that trend flip marked the actual cycle low. Without it, ChartNerdTA's read is that the bear market structure is still intact. His base case puts the cycle low forming between $0.70 and $0.90 in 2026. That range aligns with the multi-year symmetrical triangle floor already identified by independent ch...

Bitcoin Is Approaching a Critical On-Chain Zone. Here Is What the Data Says

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  Bitcoin is trading inside a price range that has drawn attention from on-chain analysts tracking supply distribution data. The band running from $75,000 to $83,000 is showing up as a low-activity gap on heatmap charts, meaning fewer historical transactions have taken place there compared to levels above and below it. That technical detail matters because of what it implies about liquidity. Where little historical buying and selling has occurred, prices tend to move faster in either direction. There is less supply to act as a natural brake. When Bitcoin approaches such a zone, the question shifts quickly from "will it test it" to "what happens when it does." On-chain researcher Darkfost published a supply distribution heatmap analysis on April 26, flagging the overlap of two separate cost-basis readings at roughly $79,000. The True Market Mean, which reflects average acquisition prices of actively circulating Bitcoin (excluding dormant supply), sits near that level...

Purrlend DeFi Protocol Loses $1.5 Million — What Happened on HyperEVM and MegaETH

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  A DeFi lending protocol called Purrlend lost its entire TVL on April 25, 2026. The total taken was $1,522,037.82 across two separate blockchain networks, HyperEVM and MegaETH. The exploit drained stablecoins, wrapped tokens, and native ecosystem assets from both chains within hours. The biggest red flag in this case is not the exploit itself. It is the eight-hour window before the drain. On-chain records show that Purrlend's admin multisig, a 2-of-3 configuration with no timelock, added the attacker's wallet address as a "bridge" role hours before any funds moved. That bridge role came from an inherited Aave permission structure still embedded in the protocol's code. It allowed the address to mint tokens without actual collateral backing them. Then the drain happened. Purrlend paused the protocol after the attack and posted an update saying they had detected irregular activity and were investigating. The community's response was sharp. Multiple users on X ...

Litecoin's Zero-Day Bug Exposed a Gap Every DEX Operator Should Know About

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  On April 25, 2026, Litecoin's network ran into something that most crypto users never expect from one of the oldest proof-of-work chains still running. A zero-day bug in its MimbleWimble Extension Block layer knocked major mining pools offline, opened the door for double-spend attempts on cross-chain swap protocols, and triggered a 13-block chain reorganization that took more than three hours to play out. The story picked up fast on X. Aurora Labs CEO Alex Shevchenko flagged the reorg early, noting that attackers were actively targeting cross-chain swapping protocols during the disruption window. NEAR Intents, one of the affected protocols, reported exposure of around $600,000 and said its team would cover any user losses directly. What made this different from a standard 51% attack is the entry point. Attackers did not overpower the network with hashrate. They used something simpler — nodes that had not applied recent software updates. Those unpatched nodes processed an invali...

Ethereum's Quiet Phase Before the Big Move: What the Chart Is Showing

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  Ethereum has not done much lately. Price is hovering around $2,300, volume has dried up, and most headlines have moved on to other assets. That silence, though, is exactly what the chart is showing as a setup. Crypto analyst CryptoPatel shared a 2-week timeframe chart on X this week showing Ethereum sitting on what he describes as the best accumulation zone of the current cycle. The zone runs from roughly $1,850 to $2,318, and price has tested it three times without breaking below the lower boundary. The structure on the chart mirrors what ETH did between 2018 and 2020 before its 2021 parabolic run. Three touches of a rising trendline. Volume dropping to yearly lows. Then a breakout that most people missed until it had already happened. That is the core of the thesis CryptoPatel is presenting. Not a short-term trade. A multi-year structural setup with the accumulation phase happening right now. The upside targets drawn from the order block zone reach as high as $13,600, with the ...

Bitcoin Derivatives Are Flashing a Signal Traders Cannot Ignore Right Now

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  Bitcoin is hovering near $77,500 and the price alone is not the most important part of the picture. What is happening underneath the surface in the derivatives market has been building quietly for almost two months, and it is the kind of signal that has preceded upside moves in this entire cycle. The metric in focus is called Net Taker Volume. It measures the difference between buy volume and sell volume in Bitcoin derivatives order books. When buyers are more aggressive than sellers, the reading goes positive. When sellers dominate, it goes negative. Simple. But the detail that matters here is not just that it is positive. It is that it has stayed positive since March 7. Crypto analyst Darkfost published data on X showing the monthly-smoothed Net Taker Volume sitting at $145 million. At that time frame, the figure removes noise and shows the actual trend. Two months of sustained positive reading means buyers have been absorbing sell pressure consistently, not just for a day or...

XRP Price Analysis: Two Analysts Agree on a $0.90 Bottom Before a $13 Bull Run

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 Is XRP about to drop below $1 before its next big rally? Two independent technical analysts are now pointing to the same answer. As of April 25, 2026, XRP is trading around $1.42 and ranked fourth by total market value. On the surface, that looks stable. But a chart pattern that has been forming for nearly a decade is now drawing serious attention from analysts watching the monthly timeframe. The setup is a multi-year symmetrical triangle on XRP's monthly chart. Price has been squeezed between a descending resistance line connecting the 2017-2018 highs and a rising support floor. That rising floor has been the key. It has held through multiple corrections and kept the structure intact. The question now is whether it holds one more time or breaks. Chart analyst alicharts identified $0.90 as the level along that ascending support where a bear market floor could form. The upside projection, using standard triangle breakout math, targets $13 for the next major bull cycle. A secon...

France's Crypto Kidnapping Wave Is Tied to State Data Leaks

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  France has recorded 41 kidnappings targeting crypto holders in the first three and a half months of 2026. That already exceeds the roughly 30 cases logged across all of 2025, according to Annabelle Vandendriessche of France's Interior Ministry Sirasco unit. Philippe Chadrys, deputy national director of the French judicial police, confirmed the figures at an April 16 press briefing. Both institutional crypto players and individual investors have been targeted. Masterminds often operate from abroad. Targets are sometimes identified by foot soldiers only at the last moment. What is driving the surge points to state-level data failures. Pavel Durov, Telegram's founder, posted on X that the kidnappings connect to a specific chain. A tax official identified as Ghalia C. allegedly sold crypto investor data to criminals. Separately, France's National Agency for Secure Documents, known as ANTS, confirmed its portal was breached on April 15. Up to 19 million records may have bee...

How a 22-Year-Old Turned Stolen Bitcoin Into Mansions — and Got 70 Months in Prison

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  A federal court in Washington, D.C. sentenced Evan Tangeman, 22, of Newport Beach, California, to 70 months in prison on April 24, 2026. The charge: laundering millions of dollars for a criminal ring that stole more than $263 million in Bitcoin from victims across the United States. Tangeman was not the mastermind. He was the exit layer. His job was converting stolen cryptocurrency into usable cash, then using that cash to rent multi-million-dollar homes in Los Angeles and Miami under false names. Real estate agents helped. Fake lease documents covered the trail. The enterprise's youngest members, many under 20 with no jobs, needed someone to make the money look clean. Tangeman did that work. He admitted in a December 2025 guilty plea to laundering at least $3.5 million for the group. That plea made him the ninth defendant to cooperate in what prosecutors called the Social Engineering Enterprise, a crew that started as online gaming friends and evolved into a structured crimina...

Ethereum Foundation Just Sold $10M in ETH — Here Is What the Policy Behind It Actually Says

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The Ethereum Foundation confirmed a sale of 5,000 ETH to BitMine Immersion Technologies, worth roughly $10.2 million at $2,042.96 per ETH. The transaction was executed via a Safe multisig wallet and processed using CoW DAO's TWAP mechanism to limit market impact. It is the second direct OTC deal between the EF and a corporate treasury buyer in 2025. The first was a 10,000 ETH sale to SharpLink Gaming in July, worth $25.7 million. The sale is governed by a treasury policy the EF published in June 2025. Written with input from Hsiao-Wei Wang, Vitalik Buterin, Tim Beiko, Dankrad Feist, and others, the policy sets annual spending at 15% of total treasury value. The EF also keeps a 2.5-year operating buffer in fiat-denominated assets. Every quarter, the foundation checks how far its reserves have drifted from that target. If there is a gap, ETH gets sold. Over the next five years, the EF plans to reduce that 15% spending rate in a straight line down to 5%, which is a standard ratio fo...

Ripple's David Schwartz Just Ended the XRP Secret Plan Debate — Here's What He Said

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  David Schwartz, the former CTO and current board member at Ripple, made one of his most direct public statements yet on April 23, 2026. Speaking during a live X Spaces session and following up with a post on X under his handle @JoelKatz, Schwartz told the XRP community something many did not want to hear. There is no secret government plan. There is no hidden switch waiting to be flipped. And if you have been investing time, money, or emotional energy based on that belief, Schwartz said plainly, you are fooling yourself. That does not mean Ripple has no secrets. Schwartz was careful to separate the two things. Many of Ripple's partners do request NDAs. Business confidentiality is standard in fintech at that level. What Schwartz rejected is the jump from "NDAs exist" to "therefore a massive government intervention involving XRP is imminent." That jump, in his words, is almost always going to lead somewhere completely false. The post drew over 165,000 views a...

Bitcoin Just Had One of Its Biggest Short Squeezes of 2026

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  Bitcoin's April 23 price move from $76,351 to $79,447 looked like a breakout. The 4% gain pulled attention back to crypto after weeks of sideways trading near the $75,000 range. But on-chain data published by CryptoQuant puts a very different label on what actually happened. This was not a spot-driven rally. It was a short squeeze, and a large one. On April 22, Bitcoin short liquidations hit $607.9 million in a single day. Ethereum added another $580.9 million in short liquidations on the same session. Combined, over $1.19 billion in bearish derivatives positions were forced to close in roughly 24 hours. That is not normal session activity. That is a market clearing one side of a crowded trade by force. Open interest across BTC futures went from $24.88 billion to approximately $28 billion during the price leg. That expansion did not represent fresh conviction from buyers. It reflected the mechanical closing of short positions, which requires buying the underlying asset. The pr...

Why Ethereum's $2,340 Price Level Is More Important Than Most People Think

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  Ethereum is not just hovering near a support zone right now. It is trading precisely at the realized price, the number that represents the average cost basis of every wallet holding ETH on-chain. That number sits at approximately $2,340. This is the level where holders either give up or commit. When ETH trades below its realized price, the average holder is in loss. When it recovers to this level, break-even selling tends to create a distribution ceiling. That pressure is real and measurable. On-chain analyst alicharts flagged the setup on X, pointing to how this level has historically acted as a wall before becoming a floor. The distinction matters. In past cycles, when ETH held its realized price as support rather than bouncing off it as resistance, what followed was not a slow grind higher. It was an expansion phase. Prices moved with speed and conviction. Current data is adding layers to this setup. Accumulation wallets have picked up 6.45 million ETH over 15 weeks. Fundin...

GraniteShares Delays Its 3x XRP ETF to May 7 — Here Is What That Means

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GraniteShares filed a Form 485BXT with the SEC on April 22, 2026, pushing the effective launch date of its 3x Long and Short XRP ETFs from April 23 to May 7. The filing also delays all eight leveraged crypto ETFs in the same trust, covering products tied to Bitcoin, Ethereum, and Solana as well. This is the fourth time the launch date has shifted since early April. The original effective date was April 2. It moved to April 9, then April 16, then April 23, and now May 7. Each shift uses Rule 485 of the Securities Act of 1933, which allows issuers to move an effective date without restarting the registration process from the beginning. The products are not standard spot ETFs. GraniteShares designed these funds to deliver 300% of XRP's daily price movement using swaps and futures contracts. That means a 10% move in XRP becomes a 30% move in the fund, in either direction. The short version profits when XRP falls. The long version profits when XRP rises. Both carry compounding risks tha...

Bitcoin Is Sitting on a Make-or-Break Level That Affects Billions in Losses

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  Bitcoin has pushed back toward $80,000, and the timing matters more than usual. Two large on-chain cohorts are at or near their break-even prices at exactly this level, according to data published by CryptoQuant on April 21. The first group is Bitcoin ETF investors. Their realized price, the average cost at which they hold BTC, stood at $76,400 as of April 21. Spot price was at $76,300. They have been in the red since January 30, nearly three months of holding through a drawdown with no relief. The second group is short-term holder whales. Their realized price is $79,600, sitting just above where Bitcoin was trading. This group has been underwater since November 1 of last year. Their total unrealized loss reached negative $4.3 billion, with the 30-day average landing at negative $9.4 billion. Both groups are now converging on the same psychological and financial threshold. At $80,000, ETF investors move from loss to profit. Short-term whales do the same. That is not coincidenc...