bit

Bloomberg senior ETF analyst Eric Balchunas posted on the X platform that BlackRock's spot Bitcoin exchange-traded fund IBIT has been rising almost daily for the past three weeks, increasing by about 3.5% again, and has accumulated a rise of about 19% since the market sell-off triggered by the conflict between the U.S. and Iran. As concerns about geopolitical impacts have eased, fund sentiment has clearly recovered, driving Bitcoin-related ETFs to continue strengthening.

Bitget has launched TRADOORUSDT contract trading on April 17, 2026 (UTC+8), with a maximum leverage of 50 times. The contract trading BOT will also be opened simultaneously.

According to monitoring by Lookonchain, as the cryptocurrency market rebounds, the whale "pension-usdt.eth" has incurred an unrealized loss of over 15.5 million dollars on its Bitcoin and Ethereum short positions. Currently, it holds a short position of 1,000 BTC and 20,000 ETH in short positions. "pension-usdt.eth" has achieved profit in 20 consecutive trades, with a win rate of over 85%.

According to on-chain analyst Ai Yi's monitoring, address 0x94d...33814 once held over 100 million dollars in BTC and ETH short positions. During tonight's surge, it actively cut losses by selling 1,184.74 BTC to avoid liquidation (over 90 million dollars, of course, there were multiple margin increases during this period). Since April, it has accumulated losses of 13.221 million dollars, with total account losses reaching 43.806 million dollars.

Against the backdrop of easing tensions in the Middle East, Iran announced that the Strait of Hormuz is "fully open" during the ceasefire, leading to a rise in global risk assets. Boosted by the news, Bitcoin briefly surpassed $77,000, reaching a nearly two-month high, with an increase of about 5% in the past 24 hours. Major altcoins also rose, with Ethereum, XRP, and Solana recording gains of around 6%.Iranian Foreign Minister Seyed Abbas Araghchi stated that all commercial vessels can pass through the strait during the ceasefire with Lebanon, but must adhere to the "coordinated shipping lanes" set by Iran. The strait accounts for about 20% of global oil transportation and is a critical energy corridor. In traditional markets, the S&P 500 and Nasdaq Composite both reached historic highs, indicating a significant rebound in risk appetite. U.S. President Trump also posted on social media that "the Strait of Hormuz has reopened for commercial activities," but emphasized that Iranian vessels may still face blockade measures until the U.S.-Iran agreement is fully implemented.

The enterprise-focused digital banking platform Slash announced the completion of a $100 million Series C financing round, led by Ribbit Capital, with Goodwater Capital and Khosla Ventures co-leading. The post-money valuation is approximately $1.4 billion, with total financing reaching $160 million.Slash claims to serve over 5,000 corporate clients, offering features such as corporate accounts, virtual accounts, stablecoin payments, expense management, accounting automation, and real-time payments. The company stated it will use the new funds to accelerate product iteration and promote its strategy of "bank accounts as the financial command center for businesses."

Cryptocurrency exchange Kraken's parent company Payward announced that it will acquire 100% of the digital asset derivatives platform Bitnomial for up to $550 million (cash + stock). The transaction is expected to be completed in the first half of 2026, pending regulatory approval.Bitnomial is the first crypto-native platform to obtain all three U.S. derivatives licenses (designated contract market, derivatives clearing organization, and futures commission merchant). This acquisition will help Payward quickly gain a complete compliant derivatives infrastructure, significantly accelerating its expansion in the U.S. market. After the transaction is completed, Bitnomial's clearing and trading capabilities will be integrated with platforms such as Kraken and NinjaTrader, offering products like spot margin, perpetual contracts, and options to U.S. customers, and will be regulated by the CFTC.This acquisition will also expand Payward Services, allowing banks, fintech companies, and brokerages to access the U.S. compliant derivatives market through a single API. Industry insiders believe that with the market warming up and valuations recovering, merger and acquisition activities in the crypto industry are on the rise, as leading institutions are accelerating their transformation into comprehensive trading platforms for institutional clients by acquiring key capabilities such as compliance, custody, and derivatives.

According to the official announcement, in order to optimize the trading experience and liquidity, the Bitget IPO Prime first phase project preSPAX will change from "over-the-counter trading" to "spot trading." The trading opening time is April 21 at 20:00 (UTC+8), and the swap function will be available 10 minutes after trading begins. For more details, please refer to the Bitget official platform.

Despite Bitcoin rising to $76,300 at one point this week, market sentiment remains low, with the Fear and Greed Index still in the "extreme fear" range at 21, indicating a clear divergence between price and sentiment. Institutional views suggest that this round of increases is more akin to "valuation repair" rather than a trend reversal. QCP Capital referred to it as a "relief rally," as macro-level inflation, energy, and policy pressures have not fully dissipated.Glassnode pointed out that Bitcoin is still about 5% lower than the key resistance level of the "real market average" at approximately $78,100, and the current rebound has limited depth. The funding structure is also showing divergence. Spot demand and ETF fund flows have warmed up, but profit-taking has increased, and institutional participation remains cautious, with the derivatives market continuing to lean towards downward hedging. Exchange data also shows that demand is more from offshore and retail funds rather than dominated by U.S. institutions. Analysts state that around $75,000 has become a key support/validation level. If subsequent buying cannot sustain, the price may retreat to the range of $70,000 to $71,000.On the macro front, U.S. stocks continue to hit new highs, and oil prices remain high but have not surged further, which has warmed market risk appetite but still carries uncertainty. The market's focus is shifting towards the Federal Reserve's policy path, and the overall environment still poses constraints on crypto assets. In summary, while Bitcoin maintains its rebound, it oscillates near resistance levels, and the market tone remains cautious, with no consistent bullish trend formed yet.

The Nasdaq-listed Bitcoin mining company TeraWulf announced that it has completed the previously announced public offering of 54,510,000 shares of common stock, with an offering price of $19 per share, raising a total of $1,035,690,000. Morgan Stanley acted as the lead underwriter for this offering, while Bank of America Securities, Citigroup, TD Cowen, and Wells Fargo Securities served as co-managers.Citizens Capital Markets and Santander Bank acted as sub-underwriters, and Cantor Fitzgerald served as the equity capital markets advisor. TeraWulf plans to use the net proceeds from this offering to pay for a portion of the construction costs of its planned data center campus in Horse Cave, Kentucky, including the full repayment of outstanding amounts under its transitional credit facility, as well as for future site acquisitions and general corporate purposes.

According to CoinDesk, Glassnode's Bitcoin on-chain metric RHODL ratio is currently at 4.5, which is the third highest level on record, and the signals it emits are more aligned with a market bottom rather than a cycle top.The RHODL ratio compares the value of Bitcoin held by long-term holders (holding for 6 months to 3 years) to that held by short-term holders (holding for 1 day to 3 months). An increase in the ratio typically reflects a longer holding period for chips and reduced speculative activity, rather than an influx of new buyers—this dynamic has occurred after significant corrections in 2015, 2019, and 2022. During the 50% drop in Bitcoin over the past six months, young speculative chips have been largely washed out, concentrating wealth among long-term holders.Historically, the RHODL ratio has only been higher than the current level twice: in 2015 (ratio of 5) and in 2022 (ratio of 7), both corresponding to cycle bottoms, which suggests that Bitcoin may still have further downside potential. However, to push the ratio to higher levels, it typically requires the activity of short-term holders to be nearly exhausted, and this condition is not yet evident under current circumstances—Bitcoin has rebounded about 25% from its February low, perpetual contract funding rates remain negative, and the S&P 500 has also reached an all-time high.Overall, this indicator suggests that the current market conditions are closer to an adjustment within the cycle rather than a cycle top formation, and the re-dominance of long-term holders in the market may indicate that a phase bottom is approaching.

According to Coinglass data, if Bitcoin breaks through $77,000, the cumulative short liquidation intensity on major CEXs will reach $1.17 billion. Conversely, if Bitcoin falls below $73,000, the cumulative long liquidation intensity on major CEXs will reach $1.277 billion.Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster relative to nearby liquidation clusters, that is, the intensity. Therefore, the liquidation chart shows to what extent the underlying price reaching a certain position will be affected. A higher "liquidation bar" indicates that once the price reaches that point, there will be a stronger reaction due to liquidity waves.

According to Coinglass data, the Coinbase Bitcoin premium index has been positive for 9 consecutive days, currently reported at 0.0117%. The buying sentiment in the U.S. market continues to warm up, after being in negative premium for 15 consecutive days.ChainCatcher Note: The Coinbase Bitcoin premium index is used to measure the difference between the Bitcoin price on Coinbase (a mainstream trading platform in the U.S.) and the global market average price. This index is an important indicator for observing capital flows in the U.S. market, institutional investment enthusiasm, and changes in market sentiment.A positive premium indicates that the Coinbase price is higher than the global average price, which usually means: strong buying in the U.S. market, active entry of institutional or compliant funds, ample dollar liquidity, and optimistic investment sentiment. A negative premium indicates that the Coinbase price is lower than the global average price, which typically reflects: significant selling pressure in the U.S. market, decreased risk appetite among investors, rising market risk aversion, or capital outflows.

According to Cryptoquant, the Bitcoin Comprehensive Market Index (BCMI), composed of MVRV, NUPL, SOPR, and the Fear and Greed Index, is currently testing a historically key pivot zone. Analyst Woominkyu (@Woo_Minkyu) stated that the BCMI index has fallen to the range of 0.2 to 0.3. While it does not guarantee an immediate "V-shaped" reversal, this area historically corresponds to deeply undervalued levels for BTC.Through data backtracking, BCMI confirms that the current pullback has reset realized value and market sentiment to levels not seen since the beginning of 2023; however, the 90-day moving average (white line) is still trending downward. From a conservative perspective, it is necessary to wait for this slope to flatten, which will signal the exhaustion of selling pressure. Additionally, analyst Woominkyu believes the market is entering a "value accumulation zone," where the downside potential is shrinking compared to the long-term upside potential. However, it is still necessary to wait for price stabilization to confirm the bottom signal of the index.

According to CoinDesk, Bitcoin is currently priced at $74,700, down 0.4% in the last 24 hours. News of ceasefire negotiations between the U.S. and Iran has boosted risk sentiment, with the S&P 500 index reaching a record high on Thursday. Trump stated that the prospects for a permanent ceasefire between the U.S. and Iran "look very optimistic," claiming that Iran has agreed to abandon its nuclear ambitions, hand over nuclear materials, and reopen the Strait of Hormuz, although Iran has not yet confirmed these concessions.Meanwhile, the market is closely monitoring the structural signals behind Bitcoin's price movements. ZeroStack CEO Daniel Reis-Faria stated, "The funding rate is so negative that it indicates the market is heavily short. If Bitcoin continues to rise in this context, a large number of short positions may be forced to close, further accelerating the price upward." He predicts that if the short base is forced to cover, Bitcoin could reach $125,000 within the next 30 to 60 days.On-chain analyst CryptoVizArt provided another perspective: Bitcoin's "True Market Mean" (TMM) shows that the average cost basis of active holders is currently above the market price, indicating that holders are overall in a state of unrealized losses. Since 2016, consistently falling below this mean has often coincided with Bitcoin's most severe downturns, including the bear market from 2018 to 2019 (with a maximum drop of 57%, lasting 282 days) and the decline following the Luna and FTX collapses from 2022 to 2023 (with a maximum drop of 56%, lasting 339 days).Analysts point out that these two judgments are not mutually exclusive—the short squeeze triggered by the extremely negative funding rate and the structural pressure of overall unrealized losses among active holders can coexist. The former may trigger a significant rise, but ultimately could be absorbed by selling from the latter. The future market direction may depend on whether the U.S.-Iran ceasefire can be sustained after its expiration next week.

Bitget launches AIA Simple Earn, with a maximum of 25% APR. Users can go to the corresponding section to subscribe, and the event ends on May 16 at 18:00 (UTC+8). For more product details, please check the official Bitget platform.

Web3 asset data platform RootData released the sixth issue of the "Cryptocurrency Exchange Transparency Ranking (Stock Category)," continuing to focus on the growth trend of stock assets in cryptocurrency exchanges. In this issue, Binance, OKX, Gate, Bitget, and Bybit ranked in the top five.According to the ranking, most cryptocurrency exchanges saw an increase of around 10% in trading volume over the past week, reversing a downward trend that had persisted for several weeks, but the traffic remained mostly flat compared to last week, with no significant signs of rebound.In terms of ranking changes, Gate and Bitget both moved up one position, while Bybit dropped two positions. Bitget launched the first Pre-IPO project SpaceX (SPCX) in this issue, connecting the Pre-IPO product framework with traditional capital markets, enhancing the richness and institutional attributes of its "tradable stock assets," which is an important reason for the score increase this time.It is reported that RootData adheres to the "transparency first" principle and has taken the lead in establishing a dual evaluation system of "transparency + liquidity" in the field of stock cryptocurrency exchanges, thereby providing investors with more effective data references. The ranking will continue to be improved and published in the future.

According to SoSoValue data, yesterday (Eastern Time April 16) the total net inflow of Bitcoin spot ETFs was $26.0511 million.The Bitcoin spot ETF with the highest net inflow yesterday was the Blackrock ETF IBIT, with a net inflow of $81.7056 million for the day, bringing IBIT's historical total net inflow to $64.349 billion.Following that was the Grayscale Bitcoin Trust ETF BTC, with a net inflow of $16.6697 million for the day, bringing BTC's historical total net inflow to $2.228 billion.The Bitcoin spot ETF with the highest net outflow yesterday was the Fidelity ETF FBTC, with a net outflow of $35.9922 million for the day, bringing FBTC's historical total net inflow to $10.845 billion.As of the time of writing, the total net asset value of Bitcoin spot ETFs is $97.905 billion, with an ETF net asset ratio (market value compared to total Bitcoin market value) of 6.5%, and the historical cumulative net inflow has reached $57.076 billion.

According to crypto analyst Ai Yi @ai_9684xtpa, an address associated with Arthur Hayes deposited 3,000 ETH, worth approximately $6.927 million, to Binance and Bybit 11 hours ago.On-chain data shows that the Bybit deposit address used by this address interacted with Arthur Hayes a year ago. Currently, this address still holds 5,278 ETH, worth approximately $12.33 million.