Crypto

Long-term bitcoin holders lock up coins as short-term holders sell, signaling divergent supply flows

Inflows of 1 bitcoin or more to exchanges have fallen to their lowest level since 2018, tightening spot supply as coins become less liquid, according to a blockchain media report. Binance monthly average deposits of 1 bitcoin or more are about 6,000 bitcoin, down from 15,400 bitcoin in 2021. Short-term holders, however, sent more than 65,000 bitcoin to exchanges in 24 hours as prices tested $75,000, while derivatives data showed rising short positioning.

Crypto

Bitcoin recovers to $75,000 range, boosting hopes of return above $90,000

Bitcoin has recovered to the $75,000 range, lifting expectations for further gains. It rose to $76,120 on April 15, its highest since Feb. 6. Analysts cited a potential breakout from an ascending triangle pattern, with $80,000 seen as the next psychological resistance and a pattern target of $89,050 if it breaks higher. On-chain indicators improved, including higher transaction counts and fees, while traders watch $76,000 and $75,000 levels.