Sign Airdrop Claiming Now Open

Update on April 28th: As per market information, it is reported that Strategy allocated $1.42 billion last week to enhance its holdings by 15,355 BTC.

On April 28th, as reported by The Block, Geoffrey Kendrick, the Global Head of Digital Assets Research at Standard Chartered Bank, stated that Bitcoin is anticipated to reach a new all-time high in the second quarter and approach around $120,000. This trend is expected to be driven by a strategic reallocation of funds from US assets to other domains, presenting a "buy" opportunity at present. In a new report issued on Monday, Kendrick pointed out: "Multiple indicators back our view that Bitcoin is on the verge of a new uptrend. The US Treasury yield curve premium (which is highly correlated with Bitcoin) is currently at a 12-year high. According to trading period analysis, US investors may be inclined to allocate to non-US assets. Meanwhile, Bitcoin 'whales' (large holders) are actively amassing. Additionally, last week's ETF flows indicate that some safe haven funds are shifting from gold to Bitcoin."

On April 28th, according to the monitoring of @ai_9684xtpa, on April 25th, a leverage short whale that borrowed 4000 ETH for shorting at an average price of $1816.4 bought back 3851 ETH at an average price of 1816.4 within the past 15 minutes ($6.99 million). Subsequently, it closed 3800 ETH of short positions, resulting in a loss of $29,500. Currently, only 200 ETH of short positions remain open. Since April 22nd, the cumulative loss from shorting ETH has expanded to $413,000.

On April 28th, as per the official announcement, Binance Alpha has introduced a new limit order feature. Users are required to update their Binance App to version 2.99.2 or a higher version in order to utilize the limit order feature.

On April 28th, as reported by The Block, the price trend of Bitcoin this year has shown correlations with gold or the Nasdaq index at different times. Nevertheless, analysts from the research and brokerage firm Bernstein pointed out that short-term correlations can be deceptive. They hold the view that factors like the fatigue of retail investor sell-offs, the acceleration of Bitcoin accumulation by corporations, and the inflow of funds from Exchange-Traded Fund (ETF) trading platforms are more significant indicators. These indications suggest that a "supply squeeze" is taking shape, which has the potential to drive Bitcoin to new heights.

Update: On April 28th, as per an official announcement, Bybit is set to launch the SIGN U linear perpetual contract, with a maximum leverage reaching up to 75 times.