News linked to both this project and an event.
according to monitoring by crypto analyst 余烬@EmberCN, the whale address pension-usdt.eth opened short positions on approximately $110 million worth of BTC and ETH with 3x leverage at the beginning of the month and is currently facing an unrealized loss of about $15.25 million.Specifically, the address shorted 1,000 BTC at $67,992, with an unrealized loss of approximately $10.57 million and a liquidation price of $99,394; and shorted 20,000 ETH at $2,132, with an unrealized loss of roughly $4.68 million and a liquidation price of $3,400.
According to Coinglass, major cryptocurrency exchanges collectively saw a net outflow of 15,952.91 BTC over the past week, with Coinbase Pro experiencing an outflow of 6,269.08 BTC, Kraken an outflow of 5,734.42 BTC, and OKX an outflow of 4,353.49 BTC. Currently, the total Bitcoin balance held by crypto exchanges stands at 2.4477 million BTC.
According to Lookonchain monitoring, a whale that had been dormant for 2 years deposited 300 BTC, worth $23.4 million, into Binance.These 300 BTC were withdrawn from Bitfinex 3 years ago when the BTC price was $19,329. The whale is now looking at a profit of $17.6 million.
CryptoQuant analyst Axel Adler stated that, following the market pressure release in spring, selling pressure from short-term holders (STH) has significantly eased. The Bitcoin market’s recovery remains ongoing, with the current price approaching the STH cost basis. The key catalyst for the next leg of price movement lies in whether Bitcoin can sustainably hold above the ~$83,000 STH cost level. Only a confirmed breakout and stabilization above this level will allow the market to further validate the actual selling pressure from short-term holders—and determine whether such pressure will re-emerge to suppress prices again.
crypto analyst Murphy posted on platform X, stating that by combining three sets of data (Options Gamma Exposure, Options Open Interest by Strike Price, Options ATM Implied Volatility), the impact on BTC from an options perspective is as follows: $80,000 is the first effective resistance level above BTC’s current price. This level simultaneously features high Call OI, positive Gamma, and low IV. When the price pushes upward from this point, market makers' dynamic hedging tends to create selling pressure; the lower the IV, the higher the marginal sensitivity of market makers' hedging adjustments. Therefore, the thickness of this wall (OI of 7,200 BTC + the magnitude of positive Gamma) makes $80,000 a "tough nut to crack" in May. Once it breaks through and approaches $82,000, due to the presence of a larger scale of negative Gamma (OI of 4,644 BTC) at this level, the market could quickly shift from being suppressed to an "amplified volatility" mode.
according to Onchain Lens monitoring, a Balancer attacker has exchanged 21,000 ETH for 617.43 BTC over the past three days, worth $48.72 million. The attacker currently still holds 1,000 ETH, worth $2.32 million, and may conduct further sell-offs.
According to data from Trader T (@thepfund), yesterday’s net inflow into Bitcoin spot ETFs stood at $14.47 million, a sharp decline from the $231.6 million recorded on April 23. By product: BlackRock’s IBIT saw inflows of $22.9 million, and Morgan Stanley’s MSBT recorded $11.13 million—top performers on the day; Fidelity’s FBTC experienced outflows of $1.69 million, Bitwise’s BITB saw $8.85 million in outflows, and ARK’s ARKB recorded $9.02 million in outflows; Invesco, Franklin, Valkyrie, VanEck, WisdomTree, and Grayscale’s respective products all reported zero net flows for the day.
According to on-chain analyst Yujin (@EmberCN), the hacker who stole approximately $98 million worth of assets from Balancer last November has been continuously swapping ETH for BTC via THORChain. To date, the hacker has swapped a total of 14,300 ETH for 419.3 BTC (approximately $32.51 million). The hacker currently holds 7,700 ETH on the Ethereum chain and 419.3 BTC on the Bitcoin chain, with a combined value of approximately $50.4 million. Since the price of ETH has fallen significantly from around $3,600 at the time of the theft, the value of the hacker’s holdings has shrunk by nearly half—from the original $98 million.
According to on-chain analytics platform Lookonchain (@lookonchain), Abraxas Capital deposited 4,835 BTC—worth approximately $378 million—into Kraken within the past hour. Simultaneously, it transferred 6,000 XAUT—valued at roughly $28 million—to Binance, Bybit, OKX, and Bitfinex.
According to CoinDesk, Michael Saylor, Executive Chairman of Strategy, stated that the Bitcoin winter has ended, as Bitcoin’s price has held above $78,000. Market analyst Mati Greenspan believes the recent market downturn should not be labeled a “crypto winter,” but rather a sharp correction within a broader bull market—and added that Bitcoin has likely already bottomed out, with its next leg up potentially driven by both institutional and sovereign adoption. The report notes that Strategy recently acquired 13,927 additional bitcoins, bringing its total holdings to 780,897 BTC. Greenspan also indicated that sovereign adoption—specifically central banks adding Bitcoin to their reserve assets—could be a key driver in the next phase.
According to on-chain analyst Yujin (@EmberCN), the hacker who stole approximately $98 million in assets from Balancer last November is today exchanging ETH for BTC via THORChain. So far, 7,000 ETH have been swapped for 204.7 BTC—valued at roughly $15.88 million—and the process continues. Additionally, it has been disclosed that this address currently holds 15,000 ETH on Ethereum, valued at approximately $34.65 million, and 204.7 BTC on Bitcoin.
According to BIT on Target’s weekly report, the Bitcoin bear market phase may be nearing its end, with multiple time-frame signals gradually converging. The weekly stochastic oscillator has declined to its lowest level since January 2023—a reading that historically corresponds to market bottom zones. Meanwhile, the trend model has also turned bullish, and the current price action exhibits stronger continuity conditions compared to the previous two signal reversals. On the price front, Bitcoin is currently consolidating near $70,000, gradually approaching its 21-week moving average—the critical bull-bear demarcation line. The report notes that $73,000 has served as a key inflection point since March 2024; a decisive breakout and sustained hold above this level would further confirm the reversal signal. On-chain capital inflow data shows a recent monthly inflow of approximately $1 billion—marking a clear improvement over prior periods of deep net outflows. The report also cautions that, before prices enter the target zone, the upward momentum may still be disrupted by short-term risk factors.
According to on-chain analyst Axel Adler Jr. (@AxelAdlerJr), the discount for Bitcoin short-term holders (STH) has narrowed from -21.6% to -5.7%, and the 7-day moving average of the STH-SOPR has rebounded above 1.0, indicating short-term sellers are no longer clearly in loss territory. However, the current price remains below the $83,000 cost basis, meaning the market has not yet entered a genuine risk-on phase.
According to on-chain analytics platform Lookonchain (@lookonchain), mining company Riot Platforms deposited another 500 BTC—worth approximately $38.95 million—to NYDIG six hours ago, continuing its sell-off.
According to Trader T (@thepfund), yesterday’s Bitcoin spot ETFs recorded a net inflow of $223 million: BlackRock’s IBIT led with $167 million, Ark’s ARKB followed with $71.22 million, and Morgan Stanley’s MSBT saw $9.36 million in inflows. Fidelity’s FBTC experienced an outflow of $16.93 million, Bitwise’s BITB an outflow of $7.6 million, and VanEck’s HODL an outflow of $5.5 million; all other products remained flat.
According to on-chain analyst Ember (@EmberCN), the rsETH incident on April 18 resulted in a funding shortfall of approximately 68,900 ETH (around $160 million): the hacker collateralized rsETH to borrow 99,600 ETH; after Arbitrum recovered 30,700 ETH, the remaining funds were fully converted by the hacker into BTC. The incident has now entered the remediation phase. Aave is coordinating the establishment of a “DeFi United” relief fund, which has so far received cumulative donations totaling 13,500 ETH (approximately $31.45 million). Donors include Lido Finance (2,500 stETH), ether.fi Foundation (5,000 ETH), Aave founder Stani Kulechov (5,000 ETH), Golem Foundation (1,000 ETH), as well as LayerZero and Ink Foundation (amounts undisclosed).
Odaily Odaily News: Greeks.live macro researcher Adam posted on X platform, disclosing the options delivery data for April 24th:1. 109,000 BTC options expired, with a Put Call Ratio of 0.93, a max pain point of $72,000, and a notional value of $8.55 billion.2. 563,000 ETH options expired, with a Put Call Ratio of 0.72, a max pain point of $2,200, and a notional value of $1.32 billion.The market continued to rebound this week, with Bitcoin breaking above $78,000. The Hong Kong Web3 conference was also filled with an upbeat atmosphere, and the altcoin market is recovering as well. This is a monthly expiry, with 25% of options set to expire. In terms of holding periods, the distribution of open interest in the options market shows 12% for the end of May and 24% for the end of June.Looking at the main options data, Bitcoin's key tenor IV continued to decline this month, with most tenor IVs falling by 1% to 2% to below 40%. ETH's main tenor IV dropped even more, currently around 60%. Despite the price increase, Skew has declined, and there is no FOMO sentiment in the market.In the second quarter of this year, Bitcoin's performance in both price and market sentiment was significantly better than in the first quarter. This month's sustained rebound is a sign of capital inflow. If macro pressure bottoms out by mid-year, Bitcoin's bottom will also be confirmed.
According to on-chain analyst Onchain Lens (@OnchainLens), approximately one hour ago, Morgan Stanley increased its Bitcoin holdings by 143.34 BTC, valued at $11.17 million, bringing its total Bitcoin holdings to 1,964 BTC.
Bitcoin is once again approaching the $80,000 mark. Market analysis suggests that this level has become a key resistance point to test the strength of the current rebound. On the capital front, continued institutional inflows are providing support. Data shows that Bitcoin spot ETFs have recorded net inflows for six consecutive days, while Ethereum spot ETFs have also seen inflows for nine straight days, indicating a recovery in risk appetite. Meanwhile, whale addresses holding over 1,000 BTC have cumulatively added approximately 270,000 BTC over the past 30 days, marking the largest monthly increase since 2013, and exchange reserves have fallen to their lowest point in seven years.In terms of on-chain data, Glassnode points out that Bitcoin has reclaimed the "Realized Price" (approximately $78,100). However, the cost basis for short-term holders sits around $80,100, forming a direct pressure zone. Should the price reach this range, over 54% of short-term investors would be in profit, a scenario historically associated with the peak of a rebound phase. At the same time, the perpetual contract funding rate remains negative, indicating a significant short position. Given the ongoing improvement in spot demand, this could provide short-squeeze momentum for a subsequent upward move.In summary, while the capital structure and market resilience have improved, the $80,000 level remains a key watershed. The market has yet to confirm whether it can transition from a resistance level to a support level. (The Block)
According to Lookonchain monitoring, today U.S. Bitcoin ETFs recorded a net inflow of 4,349 BTC, Ethereum ETFs saw a net inflow of 35,736 ETH, and Solana ETFs had a net inflow of 1,311 SOL.