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Current mainstream CEX and DEX funding rates show that BTC and ETH have been consistently in a bearish territory, with market sentiment remaining gloomy.

2 hours ago

April 20th — Per HTX market data, Bitcoin (BTC) is currently trading at $75,112.87, down 0.98% over the past 24 hours. Ethereum (ETH) sits at $2,306.41, with a 1.05% 24-hour drop. Coinglass figures show mainstream centralized exchange (CEX) funding rates signal continued bearishness for both BTC and ETH, while market sentiment remains subdued. Specifically, BTC funding rates on most major platforms (including Binance) are negative, meaning short traders are paying fees to long traders — all platforms’ BTC rates fall within bearish territory. For ETH, Binance and similar exchanges see rates ranging from -0.046% to +0.006%, with deeper negative values; minor positive readings on some platforms do not exceed the 0.005% threshold. **BlockBeats Note:** Funding rates are set by crypto exchanges to align perpetual contract prices with spot asset values. They facilitate fund exchanges between long and short traders (exchanges do not collect these fees) and adjust traders’ holding costs/profits to keep contract prices close to spot. - A 0.01% rate is the baseline. - Rates above 0.01% indicate a broadly bullish market. - Rates below 0.005% signal a broadly bearish market.
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This week, both Strategy and Bitmine have reached their highest levels of the year in terms of holdings.

**April 20 Update** Data shows both Strategy and Bitmine have notched their highest annual holdings this week. Last week, Bitmine added 101,627 ETH—its fastest accumulation pace since the week of December 15, 2025. Separately, Strategy dropped ~$2.54 billion last week to scoop up 34,164 BTC at an average price of ~$74,395 per coin. That marks its largest accumulation spree since November 2024. The prior major accumulation came in early August 2025: Strategy invested $2.46 billion between July 28 and August 3, purchasing 21,021 BTC at an average cost of ~$117,256 per coin.

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Strategy is currently at a unrealized loss of $195 million (-0.3%), while Bitmine is at a unrealized loss of $6.39 billion (-35.7%).

As of April 20: - Strategy holds 815,061 BTC (valued at $61.363 billion), with an average cost basis of $75,527 per BTC. Unrealized loss: $195 million (-0.3%), as current BTC prices hover near its cost basis. - Ethereum treasury firm Bitmine (BMNR) purchased ~101,627 ETH last week at $2,305 per ETH, totaling $2.34 billion. - Bitmine now holds 4,976,485 ETH (valued at $11.505 billion), with an average cost basis of $3,596 per ETH. Unrealized loss: $6.39 billion (-35.7%). ### Notes on U.S. English adaptation: 1. Used **"as of"** for clear date framing (standard in U.S. financial updates). 2. Simplified phrasing (e.g., "valued at" instead of redundant "with a total of" for asset worth). 3. Used **"cost basis"** (common U.S. financial term for average purchase price). 4. Abbreviated units ($B for billion, $M for million) for brevity (standard in U.S. finance). 5. Split into bullet points for scannability (typical of U.S. news/finance alerts). 6. Kept "~" for "approxima

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Tom Lee: Crypto Bear Market Nearing End, Ethereum Continues to Benefit from Two Bullish Narratives

On April 20, Bitmine Chairman Thomas “Tom” Lee stated: “We’re seeing growing signs the ‘Mini Crypto Winter’ is ending. With reduced downside risks tied to the U.S.-Iran conflict, ETH has rallied 41% from its early February low. Since the conflict began, ETH has outperformed the S&P 500 by 2,280 basis points and remains the top-performing global asset (excluding oil prices).” Ethereum continues to benefit from two key bullish narratives: Wall Street’s asset tokenization on blockchain and growing demand for a public, neutral blockchain for proxy AI systems. “In our view, ETH has emerged as the top ‘wartime store of value,’ and its market leadership since the conflict began carries significant weight,” Lee added. While many expect the crypto winter to linger until fall 2026, Lee’s team maintains the downturn is nearing its end. Every major crypto winter since 2015 has aligned with at least a 20% stock pullback: the 2025 crypto selloff coincided with a 20% S&P 500 drop, but the 2026

2 minutes ago

Bitmine Increased Its ETH Holdings by 101,627 Coins Last Week

On April 20th, official sources reported that Bitmine added 101,627 ETH to its holdings last week—marking the fastest accumulation pace since the week of December 15, 2025.

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The U.S. government will begin refunding $166 billion in tariffs imposed during the Trump era

April 20 The U.S. government will launch a tariff refund process on April 20, following a Supreme Court ruling that deemed the prior tariff policy illegal. Companies can apply via a new customs system to recover tariffs levied earlier under emergency powers—since the court held only Congress has authority to impose tariffs, forcing the administration to revoke the policy. An estimated 330,000+ importers, covering 53 million shipments, may qualify for refunds. Approved claims will be processed with interest within 60–90 days, though reviews for complex cases may take longer. Officials note the refund process is large-scale and complex, but funds will be directly reimbursed to the companies that originally paid the tariffs.

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Iran's Response to Iran-US Negotiation: Undecided on Participation

An Iranian source with knowledge of the first round of Iran-U.S. talks said on April 20 that as of 3:00 p.m. local time (7:30 p.m. Beijing time) that day, Iran holds "deep distrust" of the U.S. due to its shifting words and actions, and has not yet decided whether to participate in the second round of the talks. The source noted that a U.S. attack on an Iranian commercial vessel on April 19 has further complicated the situation. (CCTV News)

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