or

Amid a significant rebound in Bitcoin whale activity and a sharp decline in inflows to trading platforms, traders are setting Bitcoin's target price at $88,000. This week, after four days of consolidation between $70,000 and $72,000, Bitcoin reached an intraday high of $73,255 on Friday.The current price structure resembles the breakout trend of the second quarter of 2025—at that time, the price had long been consolidating below the moving averages, and once it broke the descending trend line, it quickly surged to the next supply zone. Currently, $76,000 constitutes a key trigger point, which also corresponds to the upper boundary of the descending trend line formed since Bitcoin's decline from around $126,000. Once broken, the psychological resistance that has suppressed rebounds for the past few months may be eliminated.On-chain data shows that crypto analyst Amr Taha pointed out that in the past 30 days, inflows of Bitcoin from whales to exchanges have dropped to $2.96 billion, marking the first time since June 2025 that it has fallen below $3 billion, while this figure was as high as $8 billion in February this year. Meanwhile, as of April 9, long-term holders have realized a market value change of $49 billion, indicating that accumulation behavior has restarted.Taha stated that these indicators collectively reflect that chips are shifting from weak hands to strong hands, showing a trend of steady accumulation rather than aggressive selling. The CoinGlass liquidity map shows that a large amount of visible liquidity is concentrated in the $86,000 to $90,000 range.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $292 million, with long positions liquidated at $96.1375 million and short positions liquidated at $196 million. Among them, Bitcoin long positions were liquidated at $14.1931 million, Bitcoin short positions at $85.7589 million, Ethereum long positions at $23.9684 million, and Ethereum short positions at $36.3048 million.In addition, in the last 24 hours, a total of 125,398 people were liquidated globally, with the largest single liquidation occurring on Hyperliquid - BTC-USD worth $10.2651 million.

Benchmark reiterated its bullish outlook on Securitize in its latest research report, giving it a target price of $16 post-IPO (stock code SECZ), believing it is poised to significantly benefit from the wave of tokenized assets.Analysis indicates that the total market capitalization of companies listed on the New York Stock Exchange is approximately $44 trillion. If Securitize captures just 1 basis point (0.01%) of that market, its platform asset size could double from the current approximately $4 billion. Benchmark emphasizes that Securitize is not only a tokenization platform but also possesses a "complete regulatory qualification system" that includes broker-dealer, transfer agent, and trading functions, which is expected to generate diversified income throughout the entire lifecycle of asset issuance, secondary trading, and custody services. Additionally, the company has been designated as the digital transfer agent for the tokenized securities platform that the New York Stock Exchange plans to launch, which supports 24/7 trading. Meanwhile, its tokenized U.S. Treasury fund BUIDL, in collaboration with BlackRock, has approached $3 billion, indicating rapid growth in the institutional-level RWA market. However, Benchmark also cautions that factors such as regulatory uncertainty, fragmented liquidity, and technological risks may still exert pressure on its valuation.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is -0.0007%. Among the current mainstream exchanges, the rate on Binance is -0.0004%, OKX is -0.0011%, Bybit is 0.0035%, and Gate is 0.0047%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is -0.0029%. Among the current mainstream exchanges, the funding rate for Binance is -0.0022%, OKX is -0.0026%, Bybit is 0.0055%, and Gate is -0.0029%.

According to official news, Circle has released its vision for the development of the internet financial system in 2026, proposing to focus on building cross-chain interoperability infrastructure, liquidity orchestration capabilities, and an institutional-grade asset issuance system to promote the efficient flow of value in a multi-chain ecosystem.In terms of cross-chain infrastructure, Circle stated that it will launch features such as "Fast Transfer" in the future, achieving second-level settlement without waiting for final confirmation from the source chain, thus improving the efficiency of fund utilization. In the asset expansion layer, the CCTP plans to extend to more assets beyond USDC, including EURC, USYC, and cirBTC, and support the issuance and circulation of real-world assets (RWA) across multiple chains.In addition, Circle is advancing cross-chain process coordination, simplifying multi-chain operational processes through tools such as Bridge Kit, Deposit Kit, Fee Service, and Workflows, achieving "one-click" cross-chain interaction, reducing development complexity, and enhancing user experience.

According to Coinglass data, the total contract open interest for ETH has increased by 6.31% in the past 24 hours, with the current total open interest at 32.302 billion USD. Among them, Binance's open interest is 7.178 billion USD, OKX's open interest is 1.915 billion USD, Bybit's open interest is 2.042 billion USD, and Gate's open interest is 4.084 billion USD.

According to Coinglass data, the total contract open interest for BTC has increased by 7.1% in the past 24 hours, with the current total open interest at 55.211 billion USD. Among them, Binance's open interest is 9.318 billion USD, OKX's open interest is 3.197 billion USD, Bybit's open interest is 4.629 billion USD, and Gate's open interest is 4.509 billion USD.

According to Jin Shi reports, an Israeli intelligence official stated that Iran is charging fees to ships allowed to pass through the Strait of Hormuz, which is effectively under the complete control of the Iranian Revolutionary Guard, who decide who can pass and, more importantly, who cannot pass.

Coinglass data shows that the total liquidation amount across the network in the past hour reached 43.04 million dollars, with short liquidations amounting to 38.65 million dollars and long liquidations amounting to 4.38 million dollars. In addition, the liquidation amount for BTC reached 21.52 million dollars, and for ETH, it reached 10.83 million dollars.

According to Jinshi reports, the initial value of the one-year inflation rate expectation in the United States for April is 4.8%, higher than the market expectation of 4.3%, and the previous value was 3.8%.

According to Coinglass data, if BTC falls below $68,726, the cumulative long liquidation intensity on mainstream CEX will reach $1.991 billion. Conversely, if BTC breaks above $75,870, the cumulative short liquidation intensity on mainstream CEX will reach $1.777 billion.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $361 million, with long liquidations amounting to $104 million and short liquidations amounting to $258 million. Among them, Bitcoin long liquidations were $15.7841 million, Bitcoin short liquidations were $140 million, Ethereum long liquidations were $26.9737 million, and Ethereum short liquidations were $37.0194 million.In addition, in the last 24 hours, a total of 126,375 people were liquidated globally, with the largest single liquidation occurring on Hyperliquid - BTC-USD worth $24.3847 million.

According to Jinshi reports, Citigroup economists have preliminarily estimated that the month-on-month increase in March's core PCE, combined with today's CPI data, will be 0.3%.This level is higher than the 2% year-on-year target set by the Federal Reserve, but better than the 0.4% increase in February. The Citigroup team pointed out that they still need to incorporate PPI data to make a more accurate prediction of PCE.

According to CoinDesk, affected by the situation in the Middle East, Binance is offering its employees in the UAE the option to temporarily relocate to Hong Kong, Tokyo, Kuala Lumpur, and Bangkok.A Binance spokesperson stated, "In light of the recent regional tensions, we are providing our employees with the option for temporary relocation as a precautionary measure prioritizing employee welfare, to offer flexibility and support during uncertain times." The spokesperson also mentioned that many employees are currently choosing to stay in the UAE, and the company's operations in the UAE remain normal.It is reported that Binance has about 1,000 employees in the UAE, accounting for 20% of its global workforce, and the company's global operations are also supported from Abu Dhabi. This relocation proposal comes after the signing of a ceasefire agreement. The regional conflict, which lasted for about six weeks, has impacted business activities in the UAE. Since the outbreak of the conflict in late February, the UAE has intercepted hundreds of missiles and drones, with another interception occurring on April 8.The conflict in the Middle East has affected several cryptocurrency and major events in the UAE: the TOKEN2049 Dubai summit has been postponed to 2027, the TON Gateway has been canceled due to safety and travel concerns, the Middle East Energy Dubai Exhibition and the Dubai International Boat Show have been postponed, and the Bahrain and Saudi Arabia F1 events, which have sponsorship exposure value for the crypto industry, are also facing cancellation.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $3.795 billion, with long positions of $1.936 billion, accounting for 51.02% of the holdings, and short positions of $1.859 billion, accounting for 48.98%. The profit and loss for long positions is $11.1661 million, while for short positions it is $4.8013 million.Among them, the whale address 0xa5b0..41 has taken a 15x leveraged long position on ETH at a price of $2148.7, currently showing an unrealized profit and loss of $4.8297 million.

According to CCTV News, on the evening of April 10, Pakistan time, the U.S. delegation participating in the U.S.-Iran negotiations set off for Islamabad, Pakistan, and Vice President Pence has boarded the plane.Before departing, Pence expressed his anticipation for negotiations on the Iran issue and stated that President Trump has provided "quite clear guidelines" for the negotiations.

According to Jinshi reports, the seasonally adjusted Consumer Price Index (CPI) for March in the United States was 0.9%, in line with market expectations, with a previous value of 0.3%.

According to Jinshi reports, the U.S. seasonally adjusted core CPI year-on-year for March was 2.6%, expected to be 2.7%, and the previous value was 2.50%.

Circle Chief Strategy Officer Dante Disparte published a response regarding the over $270 million theft incident involving Drift Protocol. Disparte stated that Circle only freezes USDC when legally mandated to do so, and this is not a unilateral decision, nor is it a backdoor or algorithmic monitoring. This reflects the rule of law in internet-native financial activities.He pointed out that the core issue facing open systems is that the legal framework's response speed lags behind technological development. Protocols, wallets, exchanges, and stablecoin issuers should regard security and accountability as a shared obligation, and DeFi protocols can develop on-chain technical protection measures by referencing the circuit breaker mechanisms of traditional markets.He also called for the legislative processes of the U.S. GENIUS Act and CLARITY Act to incorporate due process, property rights, and financial privacy protection standards into law before the next major security incident occurs.