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Bitcoin is approaching $90,000 as bears face significant losses, with over $4 billion in long positions at risk near $77,000. Since February, nearly $8 billion in short positions have been liquidated, indicating a trend of bearish traders being caught off guard. Bitcoin's open interest has surged to nearly $30 billion, heightening market sensitivity. The price has broken above a descending trendline, with a key resistance zone between $86,000 and $90,000 looming ahead. The short-term holder cost basis is around $81,500, potentially reducing selling pressure.

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Daily Target 2X Long MSTR ETF

Direxion Daily Crypto Industry Bull2XETF

Fidelity Wise Origin Bitcoin Fund - ETF

CAM BTC

Grayscale Bitcoin Adopters ETF

Bitwise Bitcoin ETF

HGI BTC

ProShares Bitcoin Strategy ETF

GraniteShares 2x Long MARA Daily ETF

BOS HSK BTC

Defiance Leveraged Long + Inc MSTR ETF

GraniteShares 2x Long MSTR Daily ETF

CoinShares Bitcoin ETF

VanEck Bitcoin ETF

Bitcoin Eyes $90K As Bears Get Burned Again Amid $30B Open Interest Surge

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10x Research reports that while Bitcoin trading volume is low and funding rates negative, early traders have gained about 10%. Many traders are hesitant, waiting for macroeconomic signals or believing the bear market persists, which 10x Research argues is a misunderstanding of Bitcoin's dynamics. They emphasize that bear market recoveries are driven by improved indicators and risk-reward changes, not just news. Although they turned bullish a month ago, they warn of ongoing risks and stress the importance of proper hedging and position management.

CoinLive

Roundhill Bitcoin Covered Call Strategy ETF

Bitwise Bitcoin Std Corporations ETF

WisdomTree Bitcoin Fund

CAM BTC-U

HGI BTC-U

ProShares UltraShort Bitcoin ETF

10xResearch: Most traders remain on the sidelines, but early Bitcoin bulls have already taken a lead of about 10%.

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Yunfeng Financial invests in WooshPay to enhance digital payment and asset tokenization. Despite potential setbacks from the Clarity Act, the US crypto sector is expected to thrive. An Iranian supertanker is evading US Navy tracking en route to Indonesia. LAB's price has dropped over 50%, falling below $1. A betting account with a 47% win rate placed a $141,000 bet on the Celtics winning against the 76ers. Paradigm partners suggest a PACTs mechanism for Bitcoin address protection. An address that spent 3 ETH on ASTEROID has gained about $1.26 million in profit.

YUNFENG FIN

Grayscale Ethereum Staking ETF

Coinbase

Grayscale Bitcoin Trust BTC - ETF

ARK 21Shares Bitcoin ETF

Grayscale Ethereum Mini Staking ETF

Franklin Bitcoin ETF

Fidelity Ethereum Fund

VanEck Ethereum ETF

Proshares Ether Strategy ETF

IShares Ethereum Trust ETF

Invesco Galaxy Bitcoin ETF

21Shares Ethereum ETF

iShares Staked Ethereum ETF

Franklin Ethereum ETF

Valkyrie Bitcoin and Ether Strategy ETF

Bitwise Ethereum ETF

iShares Bitcoin Trust ETF

Invesco Galaxy Ethereum ETF

Paradigm Biopharmaceuticals Ltd.

Planet Midday News

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On April 23, data from CryptoQuant revealed a notable shift in Bitcoin holdings, with long-term holders increasing their holdings by 303,000 BTC in the last 30 days, while short-term holders decreased theirs by 290,000 BTC. This indicates that Bitcoin is in an accumulation phase, as supply is being transferred to more stable holders.

Amplify Transform Data Sharing ETF

Valkyrie Bitcoin Miners ETF

Defiance Daily Target 2X Long RIOT ETF

Leverage Shares 2X Long COIN Daily ETF

GraniteShares 2x Long COIN Daily ETF

Bitcoin Accumulation Phase Evident as Long-Term Holders Increase Holdings

Bitcoin Core has released version 31.0, featuring enhancements to Mempool logic that improve transaction assessment. This update aids nodes in deciding whether to retain, forward, or package transactions. While regular users may see minimal changes, those using RBF, CPFP, the Lightning Network, or complex wallets may notice differences in transaction behavior. The update also boosts private broadcasting capabilities, allowing sendrawtransaction broadcasts via Tor/I2P to obscure the transaction initiator's IP address and location.

Grayscale Bitcoin Miners ETF

Schwab Crypto Thematic ETF

Invesco Alerian Galaxy Crypto Economy ETF

Bitwise Crypto Innovators ETF

Global X Blockchain ETF

Fidelity Crypto Industry And Digital Payments ETF

Bitcoin Core Releases Version 31.0 with Mempool Enhancements

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Gold is approaching a technical bear market due to rising interest rate expectations and inflation pressures from increasing oil prices, despite ongoing geopolitical tensions. On an M2 adjusted basis, gold is near historical peak levels. Meanwhile, bitcoin is in a typical consolidation phase, which has historically indicated potential new cycle highs.

coindesk

ProShares Ultra Bitcoin ETF

EFUND GOLD MI-R

SD-GOLD

Kinross Gold

EFUND GOLD MI-U

Sprott JR Gold Miners ETF

Zijin Mining

Direxion Daily Jr Gold Miners Bear 2X

iShares MSCI Global Gold Miners

Direxion Daily Gold Miners Bear 2X

iShares Gold Trust

EFUND GOLD MI ETF

VanEck Gold Miners ETF

Gold.com

Newmont

VanEck Junior Gold Miners ETF

SPDR Gold Shares

Grayscale Bitcoin Mini Trust ETF

Gold falters as macro pressures build, bitcoin holds liquidity trend

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Lyn Alden predicts Bitcoin will outperform gold in the next two to three years, citing its potential for price performance through to 2029. She believes Bitcoin is a better bet than gold, especially after gold's recent rally. Alden notes that while gold is experiencing euphoric sentiment, Bitcoin's current negative sentiment is unwarranted. Despite differing opinions on Bitcoin's long-term value, Alden emphasizes the unpredictable relationship between Bitcoin and gold, suggesting both can rise or fall together.

- Macro economist Lyn Alden predicts Bitcoin will outperform gold in price performance through 2029, emphasizing a strong bet on Bitcoin over the next two to three years.  
- Alden notes the contrasting market sentiments, highlighting gold's euphoric state after reaching an all-time high and Bitcoin's negatively skewed perception due to its price drop.  
- Investors debate the relationship between Bitcoin and gold, with Alden advising against rigid narratives, while others, like Ray Dalio, express skepticism about Bitcoin's role as a long-term store of value.

Cointelegraph

ChinaAMC Gold ETF

ZHONGJIN GOLD

Hut 8 Mining

Agnico Eagle Mines

VALUEGOLD ETF

Mara

CAM BTC-R

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

Us Gbl GLD & Met

Galaxy Digital

American Bitcoin

Riot Platforms

VALUEGOLD ETF-R

Pro Ultr GLD

YieldMax Gold Miners Opt Inc Strgy ETF

Roundhill Gold Miners Weeklypay ETF

Lyn Alden tips Bitcoin outperforming gold in next ‘two to three years’

Crypto influencer Ran Neuner has raised concerns about Bitcoin's effectiveness as a store of value, noting that during recent market stress, investors preferred gold over Bitcoin. This shift challenges Bitcoin's evolution from "peer-to-peer cash" to "digital gold," especially as it was expected to prove its value during economic uncertainty. Neuner's observations highlight the difficulties Bitcoin faces in maintaining its status as a reliable store of value, despite institutional access.

Unusual Whales

SPDR GOLD TRT-U

Abrdn Precious Metals Basket ETF Trust

Invesco Db Precious Metals ETF

NEOS Bitcoin High Income ETF

Abrdn Gold ETF Trust

GLOBAL X Gold Explorers

Crypto influencer Ran Neuner questions Bitcoin's store of value thesis after capital fled to gold during market stress; BTC fails its defining test after 12 years.

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South Korea is set to implement taxes on income generated from cryptocurrency activities, including airdrops and staking rewards. According to NS3.AI, the National Tax Service has launched a research project aimed at reforming the crypto tax framework to ensure that any economic benefits from virtual assets are taxed. Following the completion of this research, legislative amendments may be considered after discussions among various ministries.

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Leverage Shares 2X Long CRCL Daily ETF

BOS HSK ETH-U

ARK Fintech Innovation ETF

HGI ETH

Siren ETF Trust Siren Nasdaq NexGen Economy ETF

T-REX 2X Long MSTR Daily Target ETF

2x Ether Strategy ETF

BOS HSK ETH

Grayscale Bitcoin Premium Income ETF

Grayscale Ethereum Covered Call ETF

A SS BLOCKCHAIN

South Korea Plans to Tax Cryptocurrency Income

Changpeng Zhao (CZ), founder of Binance, discussed the ongoing debate between Bitcoin and gold, asserting that while Bitcoin is technologically superior, its adoption is still limited compared to gold. He emphasized that Bitcoin's user base has significant growth potential, but global volatility drives investors towards gold due to its established reputation as a safe haven. CZ noted that Bitcoin's recognition as a global safe-haven asset will take time, despite its advantages like transparency and fixed supply.

CZ Explains Why Bitcoin Still Trails Gold as a Global Safe Haven

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