Bitcoin (BTC) — Onchain News & Whale Tracking

Trader Eugene: Adding to long ETH position. If Bitcoin's breakout is not fake, a large number of shorts may be liquidated.

On April 21st, renowned trader Eugene Ng Ah Sio declared in his personal channel that he has "augmented his long position in ETH. In the event that Bitcoin breaks through $86,000 this time without a Stop Loss Hunt (SFP), I am of the opinion that this will be sufficient to compel a significant number of overleveraged short sellers to liquidate, and at that moment, market sentiment may be entirely dominated by the 'animal spirit'."

If Bitcoin breaks above $88,000, the mainstream CEX cumulative short liquidation pressure will reach 353 million.

On April 21st, according to Coinglass data, in the event that Bitcoin breaks through $88,000, the cumulative short liquidation intensity on mainstream CEX will amount to 353 million. Conversely, if Bitcoin drops below $86,000, the cumulative long liquidation intensity on mainstream CEX will reach 496 million. BlockBeats Note: The liquidation chart does not disclose the exact number of contracts to be liquidated or the precise value of contracts to be liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent clusters, that is, intensity. Therefore, the liquidation chart indicates the extent to which the underlying price will be influenced when it reaches a particular position. A higher "liquidation bar" suggests that the price will exhibit a more pronounced reaction due to a liquidity avalanche when it reaches that level.

Bitcoin Breaks $87,000

On April 21st, based on HTX market data, Bitcoin briefly rose above $87,000, experiencing a 24-hour increase of 2.1%.

Bitcoin Surpasses $86,000

Update, on April 21st - Based on HTX market data, Bitcoin has exceeded $86,000 with a 1% increase in the 24-hour price.

Analysis: Bitcoin's support around $83,000 is not solid, caution is needed against further decline and price reaction

On April 20th, according to the report from Cointelegraph, although Bitcoin's overall weekend volatility was relatively low, it still tried to hold back this week's downward trend. Analyst Mark Cullen said: "Although market liquidity still indicates $90,000. I don't think the $83,000 support level is 'safe'. The lows of last Sunday and Wednesday may be retested. Attention needs to be paid to the subsequent reaction and whether a bullish structure can be rebuilt along the lower boundary of the range." However, Mark Cullen and other analysts believe that during the Easter holiday period, the short-term price of Bitcoin will still fluctuate within the range of $83,000 to $86,000.

Analyst: Institutional Entry and Future Rate Cut Expectations May Propel Bitcoin Higher

On April 20th, as per Cointelegraph, the 2024 Bitcoin halving is set to reduce the block reward from 6.25 BTC to 3.125 BTC. Even though there is a growing concern about global trade wars, the data indicates that BTC has increased by over 33% since April 2024. Enmanuel Cardozo, a market analyst at the asset tokenization platform Brickken, said, "Although Bitcoin has demonstrated resilience, I think past experiences, the current economic uncertainty, and the selling pressure in the market still cause investors to remain on the sidelines, awaiting clearer entry signals. Investments from institutions like Strategy and Tether may expedite Bitcoin's traditional four-year halving cycle. Bitcoin's trend still has a close relationship with broader monetary policy." He further stated that a Fed rate cut in May or June could "infuse more funds into the system, thereby propelling Bitcoin to rise at a faster pace."

Michael Saylor re-releases Bitcoin Tracker information, hinting at another BTC purchase.

On April 20th, the founder of Strategy, Michael Saylor, once again provided information about the Bitcoin Tracker and said, "The number of orange dots is still insufficient." According to the usual pattern, Strategy always discloses its additional Bitcoin holding information on the second day following the release of relevant news.

Bitcoin briefly drops below $84,000

On April 20th, based on HTX market data, Bitcoin briefly fell below $84,000, experiencing a 24-hour decline of 1.4%.

Galaxy Research Director: US Government May Purchase Bitcoin This Year as a Strategic Reserve, or Use Shitcoin as a Funding Source

On April 20th, Alex Thorn, the director of Galaxy Research, stated, "I now hold the belief that the U.S. government may acquire Bitcoin this year as a strategic reserve. And the simplest (and most likely) approach to achieve this would be to make use of the alternative coins within its existing digital asset reserves."

If Bitcoin drops below $83,000, the mainstream CEX long liquidation volume will reach 837 million.

On April 20th, according to Coinglass data, if Bitcoin drops beneath $83,000, the cumulative long liquidation intensity on major CEXs will amount to $837 million. Conversely, if Bitcoin climbs above $86,000, the cumulative short liquidation intensity on major CEXs will reach $357 million. BlockBeats Note: The liquidation chart does not disclose the exact number of contracts to be liquidated or the precise value of the contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, intensity. Therefore, the liquidation chart shows the extent to which the underlying price will be influenced when it attains a certain level. A higher "liquidation bar" indicates that when the price reaches that level, it will experience a more intense reaction due to a liquidity cascade.

Bitcoin Drops Below $85,000

On April 20th, according to HTX market data, Bitcoin dropped below $85,000 and is currently trading at $84,958, with a 24-hour percentage change narrowing to 0.06%.

South Korea Bitcoin Premium Reaches Around 2%, Traders See it as a Bullish Signal

April 20th - According to Bitcoin.com, during the recent market turmoil triggered by Trump's tariff policy, Bitcoin witnessed a brief negative premium of 1.19% on a South Korean exchange. Nevertheless, it has now reverted to normal premium trading and reached a peak of 2.97% on April 15th. As of yesterday, the Upbit KRW Bitcoin price was 1.65% higher than the global market average, while Bithumb was 1.73% above the global average. In South Korea, due to the absence of domestic investment opportunities offering high returns, South Koreans tend to invest in Bitcoin and other cryptocurrencies. The premium indicates the strong demand from Korean traders and their elevated confidence in the crypto market. The Bitcoin premium in Korea implies a tight supply on local exchanges, which often serves as a sign of a broader price rebound. Many traders view the Korean premium as an early indication of Bitcoin's return to an uptrend.

Michael Saylor: Bitcoin Has No Counterparty Risk

On April 20th, Michael Saylor, the founder of Strategy, made a post stating, "Bitcoin has no counterparty risk. There is no company, government, creditor, currency, competitor, culture, or even chaos involved."

U.S. Senator Proposes Government Use Gold Reserves to Purchase Bitcoin to Reduce National Debt

On April 20th, Cynthia Lummis, the proposer of the "Bitcoin Reserve Strategy Bill" and the chair of the Senate Banking Committee on Digital Assets, stated on the CoinDesk Spotlight program, "If the U.S. government were to acquire Bitcoin using the book value in the same way as it did with gold certificates calculated in 1974, we would be able to halve the national debt over 20 years. There is no need for the government to spend additional taxpayers' funds to purchase Bitcoin."

Total Bitcoin Open Interest Surges to $58.8 Billion

On April 19th, based on Coinglass data, the total open interest of Bitcoin futures contracts across all exchanges amounts to 688,580 BTC (approximately $58.88 billion). Among them, CME Bitcoin futures have an open interest of 141,280 BTC (approximately $12.07 billion), taking the lead; Binance Bitcoin futures have an open interest of 114,060 BTC (approximately $9.76 billion), coming in second.

Chief Executive Officer of JPMorgan Wealth Management: Plans to Launch Bitcoin Spot Trading Service in Mid-April 2026

April 19th - As per Bitcoin.com, Rick Wurster, who is the CEO of JPMorgan Wealth Management, affirmed that the company plans to commence Bitcoin spot trading in mid-April 2026. He cited a 400% increase in the traffic to the company's cryptocurrency educational portal as a reason.

The Texas Bitcoin Strategic Reserve Act House Hearing will take place on April 23rd

On April 19th, as reported by Cointelegraph, the Texas House of Representatives is scheduled to hold a public hearing regarding the "Bitcoin Strategic Reserve and Investment Act" on April 23rd.

This week, the U.S. Bitcoin spot ETF has seen a cumulative net inflow of $13.7 million

On April 19th, according to the monitoring data of Farside, a total net inflow of $13.7 million was observed in the US Bitcoin spot ETF this week.

21Shares Report: Bitcoin Expected to Reach $138,555 by End of 2025

On April 19th, as per CoinDesk, 21Shares' latest analysis indicates that by integrating historical trends with current market signals, Bitcoin (BTC) is anticipated to reach $138,555 by the conclusion of 2025. The report highlights that the world's premier cryptocurrency is accruing strength from macroeconomic uncertainties and on-chain momentum. The report states that the present market cycle is analogous to that of 2021. Bitcoin's recent price behavior has demonstrated resilience rather than panic. 21Shares remarks that market-level collapse events, such as the downfall of a Silicon Valley bank, no longer lead to panic selling. Instead, such shocks further enhance Bitcoin's role as a hedge against risks in the traditional financial system.

Glassnode: Bitcoin Whales Who Accumulated at Peaks Now HODLing, Typically Signaling Bear Market Confirmation

On April 19th, Glassnode released a post indicating that the Unspent Output Profit Ratio (SOPR) data of Bitcoin, standardized by drawdown, shows that short-term holders have already suffered a significant loss in this round of correction, a level comparable to the early stages of a bear market in past cycles. Bitcoin's long-term holders are still generally in a profitable state. However, as the bitcoins purchased at higher prices gradually "age" and transition into the category of long-term holdings, the market's ability to absorb losses may increase. Historically, this transition often indicates the confirmation of a bear market, although a similar market trend has not yet emerged.

Bitcoin Mining Difficulty Increases by 1.42% to 123.23 T, Reaching an All-Time High

On April 19th, according to BTC.com data, the Bitcoin mining difficulty underwent a difficulty adjustment at block height 893,088 (at 17:13:37 Beijing time today), experiencing a 1.42% increase to 123.23 T and reaching a new all-time high; the current average network hash rate for the past seven days is 888.02 EH/s.

Bitcoin Breaks $85,000

On April 19th, according to HTX market data, Bitcoin has exceeded $85,000 and is currently trading at $85,157.

Bitwise will host the "Bitcoin Standard Corporate Investor Day" summit, and Strategy founder Michael Saylor will be attending.

On April 18th, the cryptocurrency asset management company Bitwise is going to host the "Bitcoin for Corporations" investor day summit in New York. It will invite top global Bitcoin corporate operators and institutional investors. Speakers such as Michael Saylor, the founder of Strategy, and Eric Semler, the chairman of the medical technology company Semler Scientific who holds 3,192 bitcoins, will participate. The allocation of Bitcoin by publicly traded companies is changing from individual actions to a systemic trend.

Analyst: Retail FOMO Absent From This Rally, Bitcoin's $70K to $110K Phase Lacks Typical Feature

On April 18th, Analyst @ali_charts put forward an observation of a Bitcoin market top signal. "In this rally, there is no sign of retail frenzy. Historical data indicates that whenever the Bitcoin price reaches a cycle top, it is usually accompanied by a significant increase in retail trading activity. Nevertheless, during this rally from $70,000 to $110,000, this typical feature is clearly absent - this abnormal trend is highly similar to the market structure at the end of the 2021 bull run."

Analysis: Around 170,000 Bitcoins are on the move, Bitcoin set for a major price swing

On April 18th, the CryptoQuant analyst Mignolet declared that approximately 170,000 BTC are currently being transferred from the group that has been holding them for 3 to 6 months. Such a substantial movement from this group usually indicates an impending volatile period. "Green boxes signify an upward trend. Red boxes signify a downward trend. Volatility is on the way."

If Bitcoin breaks through $86,000, the mainstream CEX aggregate short liquidation intensity will reach 9.12 billion

On April 18th, based on Coinglass data, if Bitcoin manages to break through $86,000, the total short liquidation intensity on major CEXs will amount to $9.12 billion. Conversely, if Bitcoin drops below $83,000, the total long liquidation intensity on major CEXs will reach $14.55 billion. BlockBeats' Note: The liquidation chart does not provide the exact number of contracts awaiting liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, intensity. Consequently, the liquidation chart shows to what degree the underlying price will be influenced when it reaches a particular level. A higher "liquidation bar" indicates that once the price reaches that level, it will experience a more intense reaction due to a surge in liquidity.

Yesterday's US Bitcoin Spot ETF saw a net inflow of $1.069 billion

On April 18th, based on Farside Investors' monitoring, yesterday the net inflow of the US Bitcoin spot ETF was $106.9 million.

Analysis: Bitcoin Short-Term Hodlers are at a Loss, Market Still in Risk-Off Mood

On April 18th, as per Cointelegraph, Bitcoin has reached a Realized Cap of $872 billion, attaining a brand-new all-time high. Nevertheless, Glassnode's data indicates that investors' enthusiasm for the present Bitcoin price level is still lacking. Despite the new all-time high in Realized Cap, the monthly growth rate of this metric has plummeted to 0.9%, suggesting that the market is in a "risk-off" sentiment. Realized Cap measures the total value of all Bitcoin calculated based on the price of their last transfer, reflecting the actual capital inflow and can be utilized to observe Bitcoin's economic activity. The decelerating growth implies that although there is still a net inflow of funds, it has significantly diminished, indicating a decrease in the number of new investors or a weakening of the activity of existing holders. In addition, Glassnode's Realized Profit and Loss chart has recently witnessed a substantial 40% decline, indicating a considerable amount of profit-taking or

「Bitcoin」 and 「Ethereum」 Google Search Popularity Slightly Improves in March, Reaching Yearly High

On March 2025, the Google search popularity of "Bitcoin" reached 34, which is the highest level in 2025 so far. The search popularity in January and February was 31 and 27 respectively. This indicates a 26% month-on-month increase in the search volume for "Bitcoin" and shows a reversal in the trend of this metric that has been declining since November 2024. Similarly, in March, the search popularity for "Ethereum" on Google also reached the highest level in 2025 so far, reaching 19, which is a slight increase from the previous month's 16. Analysts believe that although it is still far from the previous cycle highs, the increase in Google searches for Bitcoin and Ethereum in March may reflect the renewed curiosity of retail investors. It performs better than the year-to-date trend. One possible reason for the rise in Bitcoin interest in March may be the newly announced U.S. tariffs. This may have rekindled the long-standing narratives of "digital gold" and "store of value" associated wi

Total Bitcoin Open Interest Across All Exchanges Reaches $54.4 Billion

On April 18th, based on Coinglass data, the total open interest of Bitcoin futures contracts across all exchanges amounts to 641,290 BTC (approximately $54.4 billion). Among them, the open interest of CME Bitcoin futures is 142,300 BTC (approximately $12.05 billion), ranking first. The open interest of Binance Bitcoin futures is 111,730 BTC (approximately $9.48 billion), ranking second.

Bitcoin Price Surges, Briefly Breaks $85,000

On April 18th, based on HTX market data, Bitcoin saw a rebound and briefly exceeded $85,000. It is now trading at $84,982, with a 24-hour gain of 1.36%.

If Bitcoin breaks $87,000, the total short liquidation volume on major CEXs will reach 474 million.

On April 18th, according to Coinglass data, if Bitcoin manages to break through $87,000, the cumulative short liquidation intensity on mainstream CEXs will reach $474 million. Conversely, if Bitcoin drops below $83,000, the cumulative long liquidation intensity on mainstream CEXs will reach $324 million. BlockBeats Notes: The liquidation chart does not provide the exact number of contracts to be liquidated or the precise value of the liquidated contracts. The bars on the liquidation chart actually represent the relative significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, the intensity. Therefore, the liquidation chart shows the extent to which the price of the underlying asset will be influenced when it reaches a certain level. A higher "liquidation bar" indicates that the price will undergo a more intense reaction due to a liquidity cascade when it reaches that level.

Bitcoin Briefly Drops Below $84,000

On April 17th, according to HTX market data, Bitcoin briefly dropped below $84,000 and is currently trading at $84,040, with the 24-hour gain narrowed to 0.25%.

Lombard Finance Introduces New Software Development Kit for One-Click Bitcoin Collateralization

On April 17th, as per CoinDesk, the Bitcoin infrastructure developer Lombard Finance has initiated the launch of a Software Development Kit (SDK). This SDK enables wallets, exchanges, and other platforms to provide one-click Bitcoin (BTC) staking services. The purpose of this release is to introduce a greater amount of Bitcoin into the decentralized finance (DeFi) ecosystem. It aims to tap into an estimated potential of up to $154 billion of idle Bitcoin currently held on centralized exchanges. This new toolkit permits users to stake BTC and mint a liquidity staking token known as LBTC. According to the protocol, LBTC can be automatically deposited into Lombard's DeFi treasury.

JPMorgan: Bitcoin Fails to Benefit from Safe-haven Inflows Driving Gold Up

On April 17th, as reported by The Block, analysts from JPMorgan Chase stated that the flight to safety is causing the price of gold to rise, while Bitcoin has not been able to benefit from it. In a report issued on Wednesday, the JPMorgan Chase analyst team led by Managing Director Nikolaos Panigirtzoglou pointed out that due to macroeconomic uncertainties, investors seeking safety are channeling funds into gold exchange-traded funds (ETFs) and the futures market. In contrast, Bitcoin is being left out. Analysts noted that the speculative interest in the Bitcoin futures market is declining, and ETFs are also experiencing consecutive outflows.

Bitcoin Network Hash Rate Reaches All-Time High, Surpassing 1000 EH/s

On April 17th, according to CloverPool data, the total network hash rate of Bitcoin once exceeded 1000 EH/s, reaching a record high. It is currently reported at 893 EH/s; the current seven-day moving average hash rate of the network is 888.85 EH/s. Although the growth of Bitcoin's hash rate indicates an improvement in network security, it also means that the cost of mining 1 Bitcoin is increasing. Combined with the expected block reward reduction in 2024, the growth in hash rate may lead to the consolidation among small mining companies.

Bitcoin Breaks $85,000, Up 1.78% in the Last 24 Hours

On April 17th, according to HTX market data, Bitcoin has exceeded $85,000. The current price is $85,003, indicating a 24-hour price increase of 1.78%.

Quantum Computing Organization Offers 1 Bitcoin Reward to Crack Encryption Key

On April 17th, according to the report of CoinDesk, the quantum computing research organization Project Eleven is offering a reward of 1 BTC to the first team that can successfully use a quantum computer to crack the elliptic curve encryption key ECC through Shor's algorithm, which is a core mechanism safeguarding the security of the Bitcoin network. Shor's algorithm, as a breakthrough method in the field of quantum computing, can efficiently carry out large number factorization. Theoretically, it can break the RSA and elliptic curve encryption algorithms relied upon by the Bitcoin blockchain network. Studies have indicated that if a quantum computer achieves a significant increase in computing power, there is a possibility of breaking addresses in the Bitcoin network that use single signatures. Although the industry has proposed countermeasures such as the "Quantum-Resistant Address Migration Protocol" (QRAMP) and "Coarse-Grained Boson Sampling" (CGBS), all these solutions need to be

Yesterday the US Bitcoin Spot ETF saw a net outflow of $171 million

On April 17th, the net outflows from the US Bitcoin spot ETF yesterday were $171 million, including:
BlackRock IBIT: +$30.6 million Fidelity FBTC: -$113.8 million Bitwise BITB: +$12.8 million ARK ARKB: -$113.2 million ProShares BTCO: +$6.7 million VanEck HODL: +$2.4 million Grayscale BTC Mini: +$3.4 million

Data: Multiple Whales Are Accumulating Bitcoin

On April 17th, as monitored by OnchainDataNerd, within the past 24 hours, several whales have seen an increase in their Bitcoin holdings: · Galaxy Digital withdrew 554 BTC (approximately $76.74 million) from OKX and Binance. · Abraxas_Capital withdrew 1,854 BTC (about $157.26 million) from Binance and Kraken. · Whale 1MNqX withdrew 545.5 BTC (approximately $45.50 million) from Coinbase. · Whale 1BERu withdrew 535.2 BTC (about $45.44 million) from Coinbase.

Abraxas Capital affiliate address withdraws 1107 bitcoins from CEX, equivalent to $93.47 million

On April 17th, as monitored by lookonchain, a wallet address linked to Abraxas Capital withdrew an additional 1107 BTC ($93.47 million) from the exchange on this day.
The same address withdrew 747 BTC yesterday.

$1.26 Billion Worth of Bitcoin Unlocked from Babylon Pledge

On April 17th. Based on the monitoring of lookonchain, approximately 5 hours ago, 14,929 BTC (with a value of $1.26 billion) were un-staked from Babylon.

Former SEC Chairman: Bitcoin May Endure for a Long Time

On April 17th, as reported by Cointelegraph, former SEC Chair Gary Gensler stated in a video interview that "Bitcoin may continue to exist for a long time as 7 billion people around the world have demonstrated a strong interest in it."

North Carolina Bitcoin Reserve Bill Passes State House Pensions and Retirement Committee

On April 17th, as per Bitcoin Laws, the Bitcoin Reserve Bill HB 92 in North Carolina has received approval from the House Pensions and Retirement Committee. Before moving on to a full vote, the bill still has to pass through three more committees: Rules, Calendar, and House Operations.

Bitcoin Drops Below $84,000

On April 17th, based on HTX market data, Bitcoin dropped below $84,000, and its 24-hour gain was narrowed to 0.44%.

Bitcoin Drops Below $84,000

On April 17th, based on HTX market data, Bitcoin dropped below $84,000, experiencing a 24-hour decrease of 0.98%.

Santiment: Traders Optimistic About Bitcoin Reclaiming $90,000

On April 17th, the crypto analytics firm Santiment posted on social media today and stated that the cryptocurrency market is witnessing a mild recovery. Bitcoin is fluctuating around $85,000. Traders are optimistic that Bitcoin will regain $90,000, but the actual increase is likely to be contingent on this week's upcoming tariff policies and global economic news.

Analysis: Bitcoin Could See a Rebound Similar to 2023

On April 16th, as reported by Cointelegraph, after falling below the crucial psychological level of 100, the US Dollar Index (DXY) is hovering near multi-year lows. Trader BitBull mentioned that the DXY is currently undergoing its fastest decline since 2023. BitBull made a comparison between the current market trend and the performance of Bitcoin at that time, pointing out that in early 2023, Bitcoin and altcoins were rebounding from the lows of the 2022 bear market. At that time, BTC had already bottomed out in the fourth quarter of 2022 and had seen a rise of over 200% within a year. Meanwhile, Andre Dragosch, the European Research Director at the asset management firm Bitwise, emphasized that Goldman Sachs' research still indicates that the DXY has further downside potential in the future.

Bitcoin Breaks $85,000

Update as of April 16th. According to HTX market data, Bitcoin has exceeded $85,000, with a 24-hour decline of 0.4%.

Analyst: Bitcoin's true bottom may come after 'surrender' sell-off, with $65,000 as key moving average support

On April 16th, as per a report by CoinDesk, while the possibility of the bottom already being reached cannot be excluded, on-chain analyst James Check indicated that the actual bottom might only emerge after Bitcoin experiences a genuine "capitulation event." James Check suggested that this might involve Bitcoin retracing to around the $65,000 range, which he referred to as the "true market value" and represented the average holding cost of active investors. Once it reaches this level, the average investor might start to feel the pressure of unrealized losses, and even long-term holders who have been holding for five years might find themselves in a "drawdown" situation. Michael Saylor's average holding cost of Bitcoin is approximately $67,500. Although Check anticipates a substantial drop in Bitcoin from the $65,000 region, he believes there is strong support between $49,000 and $50,000. This price range not only marks the launch price of the Bitcoin spot ETF in 2024 but also a cruc