News linked to both this project and an event.
According to on-chain analyst Ai Aunt (@ai_9684xtpa), the address 0x94d…33814 previously held BTC and ETH short positions valued at over $100 million. During tonight’s sharp BTC price surge, this address proactively liquidated 1,184.74 BTC (worth over $90 million) to avoid forced liquidation, incurring a single-day loss of $5.392 million. Since April, the address has accumulated losses totaling $13.221 million, with its total account losses reaching $43.806 million—making it the top loser on Hyperliquid’s 30-day loss leaderboard.
According to on-chain analyst Ai Aunt (@ai_9684xtpa), “Brother Maji” holds long positions totaling $58.78 million in $BTC, $ETH, and $HYPE—all currently in profit, with a combined unrealized PnL of $2.597 million. Specifically, his ETH long position (25x leverage, 13,925 ETH held, entry price at $2,245.7) has an unrealized PnL of $1.947 million and is now the second-largest ETH position on Hyperliquid. The trader has set partial take-profit levels: BTC at $77,000; ETH at $2,420–$2,450; and HYPE at $44.888–$45.5.
According to The Block, Bitcoin rose approximately 6% this week, briefly reaching $76,300—the highest level in nearly two months—yet the Crypto Fear & Greed Index remains at 21 (“Extreme Fear”). Multiple institutional analysts characterize this rally as “liquidity-driven” rather than a structural strengthening. Glassnode notes that while spot demand and ETF inflows have improved, the recovery lacks depth, institutional participation remains cautious, and options market positioning continues to favor downside protection. Bitfinex attributes this price increase primarily to concentrated buying by “Strategists” (who purchased 13,927 BTC last week), rather than an organic rebound in demand. Analysts broadly view $75,000 as a critical support level; if structural buying wanes and this level fails to hold, prices could retreat to the $70,000–$71,000 range. On the macro front, the Federal Reserve’s policy trajectory and the June FOMC meeting are seen as the next key risk catalysts.
Xie Jiayin, Bitget’s Head of Chinese-speaking Markets, revealed significant progress across multiple core business areas. In terms of liquidity, Bitget ranked first globally among centralized exchanges (CEXs) in net fund inflows over the past seven days. Its BTC reserves grew 86% year-on-year to 36,700 BTC. According to TokenInsight’s report, Bitget’s derivatives and spot liquidity both ranked among the top two globally. Strategically, the platform continues advancing its transformation into UEX, a comprehensive exchange. This quarter, Bitget completed a full app redesign, fully launched CFD trading—supporting 79 assets with up to 500x leverage—and expanded its U.S. stock token offering to 263 tickers. Per CoinGlass data, Bitget leads the industry in U.S. stock futures open interest, and its CFD daily trading volume exceeded $6 billion. On the product front, Bitget launched IPO Prime, an innovative token sale platform. Its inaugural offering is preSPAX—a digital token mirroring the listing gains of SpaceX. Additionally, Bitget completed a three-layer reconstruction of its AI trading engine and introduced GetClaw, a cloud-based AI trading assistant enabling users to execute automated live trades via natural-language commands. For its VIP ecosystem, Bitget established a $5 million Protection Fund and distributed nearly 1,000 preSPAX tokens to VIP users in two free airdrops: the first round (760 tokens) was distributed on April 16, and the second round (190 tokens) will be distributed on April 20.
According to CryptoQuant analyst Woominkyu, Bitcoin’s Composite Market Index (BCMI) is currently testing a significant historical pivot zone, having declined into the 0.2–0.3 range—indicating that BTC is in one of its historically deepest undervaluation zones. The BCMI comprises MVRV (30% weight), NUPL (25% weight), SOPR, and the Fear & Greed Index. This correction has reset both realized value and investor sentiment to levels not seen since early 2023. He also notes that the 90-day Simple Moving Average (SMA) remains in a downtrend; confirmation of selling pressure exhaustion and price stabilization will require the SMA’s slope to flatten.
According to Cointelegraph, publicly listed Bitcoin mining companies collectively sold over 32,000 BTC in Q1 2026—exceeding their total sales for all of 2025 and setting a new quarterly record. Data from TheMinerMag indicates that the relevant companies include MARA, CleanSpark, Riot, Cango, Core Scientific, and Bitdeer. The report also notes that the current miner hash price stands at approximately $33 per PH/s per day—below the breakeven level of roughly $35 per PH/s per day for some mining firms. Additionally, according to CryptoQuant data, Bitcoin miners’ reserves have declined from over 1.86 million BTC in 2023 to approximately 1.8 million BTC.
Arkham monitoring shows that a U.S. government address has just transferred $606,470 worth of Bitcoin to Coinbase Prime. This Bitcoin was previously seized by the U.S. government from Ilya Lichtenstein, the Bitfinex hacker. It remains unclear whether this batch of stolen Bitcoin will be sold on Coinbase.
According to on-chain analyst Onchain Lens (@OnchainLens), BlackRock withdrew 3,899 BTC (worth $289.88 million) and 839 ETH (worth $1.95 million) from Coinbase 7 hours ago.
According to on-chain analytics platform Lookonchain (@lookonchain), the U.S. government deposited 8.2 BTC (approximately $606,000) into Coinbase Prime; these funds originated from assets previously seized in connection with the Bitfinex hack.
According to on-chain analyst Onchain Lens (@OnchainLens), a newly created wallet withdrew 1,470 BTC from Binance, valued at approximately $109 million.
Odaily News Cointelegraph posted on platform X, stating that Morgan Stanley's Bitcoin Trust has accumulated net inflows exceeding $103 million within just 6 trading days since its launch, surpassing the net inflows of WisdomTree's Bitcoin Fund.
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.