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Bitcoin remained near $76,000 on Thursday. After the Federal Reserve held interest rates steady, market attention quickly shifted to internal policy divergence and macroeconomic uncertainty. Analysts noted that Bitcoin remains suppressed below the key resistance range of $78,000 to $79,000, lacking short-term breakout momentum.Thomas Perfumo, Chief Economist at Kraken, stated that the market is currently more focused on policy uncertainty stemming from internal "divisions" within the Federal Reserve rather than the inaction itself. This is particularly true against the backdrop of Chairman Jerome Powell's continued tenure and the potential expectation of Kevin Warsh succeeding him, creating a lack of clear policy transition.Glassnode data shows that Bitcoin remains "trapped" below the True Market Mean, with resistance concentrated in the $78,000 to $79,000 range and support lying between $65,000 and $70,000. While selling pressure has eased, demand remains insufficient to support a sustained upward breakout.On the macro front, the Fed has shown rare, severe internal disagreements, interpreted by the market as rising uncertainty over the inflation path. Analysts from institutions like Bitget Wallet and 21Shares point out that the expectation of "higher rates for longer" is suppressing risk asset performance, pushing the crypto market into a wait-and-see phase.Regarding capital flows, U.S. Bitcoin spot ETFs have recorded net outflows for three consecutive days, with a single-day outflow of approximately $138 million on April 29. Ethereum ETFs saw outflows of about $87.7 million over the same period. Although individual products still saw inflows, the overall trend indicates cooling institutional demand.Meanwhile, CME open interest and ETF assets under management have stabilized but have yet to show strong signals of capital return. In the derivatives market, short positions in perpetual contracts have reached an all-time high, suggesting a potential squeeze if sentiment improves. However, the current market remains dominated by a low-volatility, low-confidence consolidation structure.Overall, Bitcoin is caught in a tug-of-war between an improving support structure and weak demand. Sustained ETF outflows, policy uncertainty, and macroeconomic risks collectively suppress its ability to break through the key resistance range. (The Block)
Odaily, Berachain Foundation issued a warning on the X platform, stating that the Wasabi Protocol experienced a cross-chain security incident due to a deployer's private key leak, which has impacted multiple blockchains including Berachain. To prevent the risk from spreading, Berachain has suspended and blacklisted all affected Wasabi Reward Vaults within its network, immediately halting the distribution of BGT staking rewards to the compromised contracts and blocking the flow of new BGT into the affected vaults.The official team requires all users who have previously interacted with Wasabi on Berachain to immediately revoke token approvals for the specified contracts to avoid the risk of asset theft. Berachain also emphasized that the BGT reward funds within the native Reward Vaults remain secure and users can claim them normally; this incident does not affect core ecosystem interests.
QCP Group’s analysis states that U.S.-Iran negotiations have once again collapsed, while the Middle East ceasefire continues, leaving the overall geopolitical landscape relatively static. A shooting incident occurred at the White House Correspondents’ Dinner, with Trump suspected as the target. Following Asia’s market open, BTC briefly surged past $79,000 and ETH above $2,400—but gains quickly reversed amid concerns triggered by news of Iran’s Foreign Minister traveling to Russia for talks with Putin. Since early April, BTC has rallied over 14% cumulatively, marking four consecutive weeks of positive closes. Spot ETFs recorded nine straight days of net inflows totaling approximately $2.11 billion. Strategy funds added over $3.8 billion worth of BTC in the past month. The current key resistance level for BTC lies near the CME gap around $82,000. BTC perpetual contract funding rates remain persistently negative; a breakout above this level could trigger short-covering. Implied volatility continues declining, and risk-reversal skew has narrowed somewhat, signaling gradually rising market interest in upside exposure. Key events this week: - April 29: Earnings reports from Microsoft, Amazon, Meta, and Google, plus the FOMC interest-rate decision. - April 30: Apple earnings report, U.S. Q1 GDP data, and March PCE inflation data.
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.
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.
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)
PrimePiper has launched an enterprise-grade prime broker platform for AI agents, designed to address challenges including fragmented account management, inadequate risk control, inability to reconcile across venues, and insufficient compliance auditing in AI-driven automated trading. According to the company, its infrastructure supports unified connectivity to multiple trading venues—including Hyperliquid, OKX, Tiger Brokers, and Interactive Brokers (IBKR). For risk control, PrimePiper offers enterprise-grade API key management, spending limits, and circuit-breaker mechanisms to constrain AI agent trading behavior. At the execution layer, it enables automated strategy execution via SDK or the Model Context Protocol (MCP). For compliance and auditing, it provides audit-grade reporting capabilities tailored for funds and traders. PrimePiper has been selected for the latest cohort of Founders Inc’s accelerator program; its product is currently in the Alpha stage. Team members hail from Galois Capital, Kraken, DRW, and AWS.
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.
Crypto analyst Ali published a detailed analysis on X, arguing that rather than debating whether Bitcoin has hit its bottom, market participants should focus on whether the current volatility represents a “generation-defining entry opportunity.” Based on long-term trend lines, on-chain liquidity, and cost distribution metrics, Ali delineates the core “value range” for this cycle. On the support side, the UTXO Realized Price Distribution (URPD) shows a significant concentration of coins in the $63,111–$70,685 range, forming the current primary support zone; if price breaks below $63,111, the market may enter a liquidity vacuum. From a long-term perspective, Bitcoin is approaching the key upward trend line from the past decade (approximately $56,000–$60,000), a level historically associated with accumulation phases preceding major rallies.
According to CoinDesk, Bitcoin is currently trading at approximately $71,200, while Ethereum trades at $2,185; the broader market remains range-bound. Bloomberg analyst Mike McGlone warned that if Bitcoin fails to reclaim $75,000, it risks falling as low as $10,000; conversely, Fundstrat founder Tom Lee believes the market bottom has already been established. In derivatives markets, Bitcoin futures open interest rose to 726,000 BTC, with the 24-hour Cumulative Volume Delta (CVD) remaining positive for two consecutive days and funding rates slightly above zero—indicating an overall bullish bias. In contrast, CVD and funding rates for ETH, XRP, and Solana are marginally negative. The volatility index continues to decline, with the market anticipating price swings of only about 2.5% around Friday’s inflation data release. Among altcoins, MANA and AERO each rose roughly 6%; however, MANA’s gain coincided with a 25% surge in open interest, suggesting leveraged trading drove much of the move. Market participants are closely watching whether Bitcoin can decisively break above and hold $75,000—if achieved, it could trigger capital rotation into oversold altcoin sectors.