According to U.Today, Anthony Scaramucci, the billionaire investor and founder of SkyBridge Capital, has recently emphasized the importance of Bitcoin (BTC) in a post. He highlighted that the United States dollar has not lost its appeal, despite its value decreasing from a dollar in 2020 to approximately 75 cents now. This reduction in the U.S. dollar's value, and in most fiat currencies, indicates that these Central Bank notes are not reliable as a store of value. Bitcoin's recorded compounded inflation rate of 25.14% is seen as a significant warning sign that investors should heed. Scaramucci advised his followers to consider buying Bitcoin as an escape from fiat's 'truflation.' His stance on Bitcoin is supported by many in the Bitcoin ecosystem. Industry leaders like Michael Saylor have lost faith in Bitcoin's overall purchasing power. Interestingly, Saylor's company, MicroStrategy Incorporated, began investing in Bitcoin in August 2020. This move has earned the company significant recognition as a major BTC promoter. With over 214,000 Bitcoin units in its portfolio and a substantial return on its investment, MicroStrategy has demonstrated that BTC is an asset worth everyone's attention. Unlike the U.S. dollar, which has been on a downward trend since 2020, Bitcoin has experienced comparatively bullish traction within the same period. In March, Bitcoin reached its all-time high above $73,000, establishing itself as a significant asset globally. MicroStrategy's shift from fiat reserve to Bitcoin has largely positioned it as a leading company. Currently, there are indications that MicroStrategy may be added to the S&P 500 list, bolstered by its embrace of Bitcoin.

According to U.Today, Bitcoin exchange-traded funds (ETFs) have seen a net withdrawal of $218 million, marking one of the largest outflows in the sector's history. On Thursday, Bitcoin funds experienced an overall outflow of $218 million, including a $23 million drawdown for the Fidelity Wise Origin Bitcoin Fund. This was the first such event since the fund started trading on January 11, alongside peers such as BlackRock's iShares Bitcoin Trust. BlackRock's fund, on Wednesday, ended a 71-day streak of continuous inflows. The group of over a dozen ETFs, which had been breaking records on its way to amassing combined assets of around $54 billion, has recently seen a decrease in demand. Bitcoin ETFs, which offer investors the opportunity to gain exposure to Bitcoin without the complexities of direct ownership, have been a popular choice among both experienced and novice investors. However, the recent outflow could signal a change in investor sentiment. The timing of the outflow coincides with a period of increased volatility in the cryptocurrency markets, characterized by sharp price swings. Bitcoin dropped to lows of $62,747 in Thursday's trading as demand for riskier investments was dampened by waning optimism for Federal Reserve interest rate cuts. At the time of writing, Bitcoin was up 0.86% in the last 24 hours to $64,498, down from a record high of $73,798 set in mid-March. Despite the outflow from U.S. Bitcoin ETFs, the long-term outlook for Bitcoin and the broader cryptocurrency market remains positive. Increased institutional acceptance and continued interest from regular investors are driving market development and innovation. While short-term fluctuations are expected, market participants remain optimistic about the long-term potential of Bitcoin and digital assets.

According to U.Today, MicroStrategy's engagement with Bitcoin has become a cornerstone of institutional cryptocurrency exposure. The company recently reported an unrealized profit of $6.2 billion. Despite appearing random and somewhat outdated, MicroStrategy's acquisition strategy is underpinned by a clear rationale. The firm has consistently expanded its Bitcoin holdings through strategic purchases, timing the market to maximize entry points and investing heavily during price declines. MicroStrategy's purchases often align with price drops, as demonstrated by the accumulation points highlighted on their portfolio's performance chart. This approach is somewhat akin to the widely used dollar-cost averaging strategy, where investors gradually increase their holdings as the asset's price decreases, thereby averaging the dollar cost of their position. MicroStrategy's proactive buying strategy has been identified as a market driver on multiple occasions. Their substantial market inflows frequently enhance Bitcoin's market sentiment, generating a ripple effect that resonates throughout the ecosystem. By steadily increasing its Bitcoin holdings, MicroStrategy not only strengthens its portfolio but also consolidates Bitcoin's market position. Examining Bitcoin’s price chart, resistance appears to be forming around the $65,000 level, a point where upward momentum has faltered. Overcoming this resistance could pave the way for further growth, potentially targeting the next resistance level near $68,000. Conversely, support seems solid around the $60,000 mark, which has historically facilitated price recoveries. If MicroStrategy maintains its purchasing momentum, Bitcoin could potentially break through current resistance levels due to new inflows. Any significant acquisition by the company typically coincides with heightened investor confidence and improved sentiment, which is precisely what Bitcoin requires at this time.

According to U.Today, the mysterious disappearance of Bitcoin's pseudonymous creator, Satoshi Nakamoto, is marking its 13th anniversary. Nakamoto, who laid the foundation for Bitcoin's development and guided its early growth, abruptly ceased all communications and vanished in 2011. This event has remained one of the most enduring mysteries in the cryptocurrency world, leaving behind a legacy of innovation and speculation. On April 23, 2011, Nakamoto sent his final emails to fellow developers, stating he had 'moved on to other things' and that the cryptocurrency was in 'good hands.' Three days later, he completely disappeared. One of his final acts before disappearing was handing over a cryptographic key he had used to send network-wide alerts. This key was not just any piece of digital information, but a powerful symbol of trust and authority within the Bitcoin network, allowing Nakamoto to broadcast messages to all participants. The decision to relinquish this key was a clear message that Bitcoin was no longer under the control of its creator; it belonged to the community. This action aligns with Nakamoto's overarching vision for Bitcoin as a decentralized and trustless system, free from centralized control or authority. It symbolized the transition from centralized leadership to community-driven stewardship of the world's first cryptocurrency. Present-day Bitcoin operates as a decentralized system with no single, centralized location or controlling authority. Its technology and infrastructure do not rely on centralized entities, like banks and governments, to manage it. Nakamoto also removed his name from the software's copyright claim, releasing the source to all 'Bitcoin developers.'

According to U.Today, MicroStrategy Chairman Michael Saylor has stressed the need for maintaining perspective and focus in the face of Bitcoin's recent price fluctuations. Bitcoin, which reached a peak of $73,798 in mid-March, has since corrected by approximately 13%, with a 1.34% rise in the last 24 hours to $64,335. Earlier this week, Bitcoin experienced a drop from highs of $67,225 recorded on April 23. In a related development, investors pulled out a net $218 million from U.S. Bitcoin exchange-traded funds, marking one of the largest daily outflows. This was triggered by a reduced demand for risky assets, as optimism for Federal Reserve interest rate cuts waned. As Bitcoin's latest price movement settles, Saylor's advice resonates with those looking beyond the immediate horizon. His call to 'keep an eye on the ball' is seen as a mindset for navigating the volatile landscape of cryptocurrencies.

According to U.Today, Michael Saylor, the founder of MicroStrategy and a vocal Bitcoin supporter, recently shared his thoughts on the tactics of Bitcoin's mysterious creator, Satoshi Nakamoto. Saylor's comments sparked a wave of reactions from the crypto community, with many expressing support and admiration for both Saylor and Bitcoin. Saylor tweeted, 'Satoshi created a way, gave it away, and walked away,' which was met with responses such as 'That's the way,' 'A lesson to be learned in this! Study #Bitcoin and keep your head down,' and 'A very selfless act.' However, not all responses were positive. Some criticized the current state of Bitcoin after Nakamoto left it in the hands of the BTC core developers. Critics also targeted Saylor, with comments like 'And people like you ruined it,' 'He created a way, did not give it away and never walked away. you are still new in this,' and 'And then btc core devs manipulated by malicious state actors changed it from p2p cash to a settlement network.' In related news, Samson Mow, the CEO of Jan3, a company focused on helping nation-states adopt Bitcoin, recently quoted the Bitcoin white paper written by Nakamoto. Mow highlighted Bitcoin's ability to maintain privacy, contrasting it with traditional banking methods. According to Nakamoto's white paper, Bitcoin keeps public keys anonymous, allowing the public to see that a transaction is taking place without linking it to any individual.

According to U.Today, renowned trader Peter Brandt has recently published an analysis suggesting that Bitcoin's bull market cycles are gradually losing momentum. In his analysis, Brandt delves into the concept of exponential decay, indicating that each successive Bitcoin bull cycle has seen a diminishing exponential advance, with a loss of about 80% of the momentum from previous cycles. The current surge marks the fifth significant bull cycle in Bitcoin's history. Applying this trend to the current cycle, Brandt projects a potential peak of around $72,723, a figure already reached in recent trading. Despite acknowledging the historical impact of halving events on the Bitcoin price, he emphasizes the sobering reality of exponential decay. He suggests there's a 25% chance that Bitcoin may have already reached its peak for this cycle. In the event of a market top, Brandt speculates on potential price retracements, foreseeing a decline to the middle of $30,000 per Bitcoin or even revisiting lows from 2021. Despite the bearish implications, he views such a correction as potentially bullish in the long term, drawing parallels to similar chart patterns observed in the gold market. Brandt concludes his analysis by acknowledging the weight of the data, stating, 'Do I believe the analysis just presented? I don’t want to, but the data speak for itself.'

According to CryptoPotato, a new report by Ecoinometrics suggests that the future growth of Bitcoin is heavily reliant on spot Bitcoin ETFs. The report indicates that these funds have ceased accumulating coins for over a month, which could potentially impact Bitcoin's future price trajectory. From January to mid-March, spot Bitcoin ETFs accumulated 200,000 BTC, despite significant outflows from Grayscale. This accumulation coincided with Bitcoin's price surge from $40,000 to $75,000. However, the inflow of BTC into ETFs has since halted, leading to a stagnation in price movement. The report states, 'If you're wondering why Bitcoin is stuck in the $60k range, look no further. The ETFs have stopped accumulating coins for a while now. They are the only game in town. No demand from them means no price appreciation.' Despite this, Ecoinometrics advises investors not to lose sight of the bigger picture, asserting that Bitcoin is the only hedge investors need against debasement. The report also compared the performance of Bitcoin, gold, and the NASDAQ over the last decade, adjusted for the growth of the global monetary base. It found that while gold has remained flat, merely keeping pace with global liquidity, the NASDAQ has seen a threefold increase. However, Bitcoin has outperformed both by a significant margin, boasting a 44-fold increase in value. This underscores Bitcoin's effectiveness as a hedge in the current economic climate. However, there are counterarguments from industry experts. Crypto analytics platform Kaiko, for instance, argued that Bitcoin has failed to attract safe-haven flows even amidst increased demand for such assets due to the conflict in the Middle East.

According to BlockBeats, the BitVol index, launched by financial index company T3 Index in collaboration with Bitcoin options trading platform LedgerX, dropped to 58.17 on April 27, marking a daily decline of 3.9% and a two-month low. The BitVol index measures the expected implied volatility derived from the tradable Bitcoin option prices. Implied volatility refers to the volatility implied by the actual option price. It is the volatility inferred by substituting the actual option price and other parameters except volatility σ into the B-S option pricing formula. The actual price of the option is formed by the competition of many option traders. Therefore, implied volatility represents the market participants' views and expectations for the future market, and is considered to be the closest to the real volatility at that time.

On Apr 27, 2024, 08:48 AM (UTC). According to Binance Market Data, Bitcoin (BTC) has dropped below 63,000 USDT and is now trading at 62,992.21875 USDT, with a 2.10% decrease in 24 hours.

According to Foresight News, Jiang Zhuoer, the founder and CEO of BTC.TOP, a Litecoin mining pool, recently revealed on Weibo that Xu Bo, the founder and chairman of Duoyi Network, had 7800 bitcoins stolen. Zhuoer assisted Xu Bo in tracking the stolen bitcoins through a security agency, marking it as the largest amount of stolen bitcoins he has ever encountered. The current market value of the stolen bitcoins is estimated to be around 3.6 billion yuan.

According to PANews, HODL15Capital has monitored the trading volume data of Bitcoin spot ETFs on April 26. The data shows that BlackRock's IBIT had a trading volume of $734 million, Grayscale's GBTC had a trading volume of $380 million, Fidelity's FBTC had a trading volume of $309 million, ProShares' BITO had a trading volume of $212 million, ARKB had a trading volume of $55.42 million, and BITB had a trading volume of $41.70 million. This data provides an insight into the trading activities of various Bitcoin spot ETFs. It shows the dominance of BlackRock's IBIT in the market, followed by Grayscale's GBTC and Fidelity's FBTC. ProShares' BITO, ARKB, and BITB also had significant trading volumes, although they were less than the top three. The trading volume data is an important indicator of the market activity and investor interest in these Bitcoin spot ETFs. It can be used to gauge the popularity and liquidity of these investment products. The high trading volumes of these Bitcoin spot ETFs indicate a strong interest from investors and a vibrant market activity.

On Apr 27, 2024, 00:46 AM(UTC). According to Binance Market Data, Bitcoin has dropped below 63,000 USDT and is now trading at 62,987.25 USDT, with a 1.76% decrease in 24 hours.

On Apr 26, 2024, 21:44 PM (UTC). According to Binance Market Data, Bitcoin (BTC) has crossed the 64,000 USDT benchmark and is now trading at 64,008.21875 USDT, with a 1.35% decrease in 24 hours.

According to Cointelegraph: Bitcoin (BTC), Ethereum (ETH), and Other Top Cryptocurrencies' Price Analysis: Trends and Predictions Bitcoin (BTC) Price Analysis In a critical period for Bitcoin (BTC) and altcoins, the cryptocurrencies could be on their way to retest recent key support levels as bears strive to expand the correction phase. Bitcoin (BTC) continues to trade within a broad spectrum, pointing to uncertainty about the upcoming trend. Crypto market data daily view. Source: Coin360 Predictors keeping an eye on Bitcoin's next move are excited by the recent $1.3 billion USD Coin transferred to Coinbase by whale accounts, anticipating these funds will be invested in Bitcoin (BTC) and Ether. However, it's not only the top-ranked cryptocurrencies by market capitalization attracting investors. James Butterfill, Head of Research at CoinShares, revealed in a recent survey-based report that 15% of the 64 institutional investors had invested in Solana. It's worth noting that none of the investors held Solana in the January survey. BTC/USDT daily chart. Source: TradingView Furthermore, Mark Yusko, CEO of Morgan Creek Capital, stated in a recent podcast interview that approximately $300 billion of baby boomers' wealth is expected to flow into digital assets in the next 12 months. This could potentially drive the cryptocurrency market cap up to a staggering $6 trillion. As bears attempt to deepen the correction in Bitcoin and altcoins, potential buyers could potentially obstruct this path. Bitcoin's (BTC) price analysis shows it has been trading below moving averages for the past few days, yet bears struggle to bring the price down to key support levels. The figures suggest selling wanes at lower levels. To gain a deeper understanding of the current market trends of the top ten cryptocurrencies, chart analysis is crucial. For Bitcoin (BTC), a break and close below $59,600 might trigger a drop to the 61.8% Fibonacci retracement level of $54,298. However, a rise above the 50-day SMA could see the BTC/USDT pair climb to $73,777, a critical overhead resistance for bulls. Ether (ETH) price analysis: ETH Sees Tight Range Trading, Big Swing In The Horizon Ether (ETH) has been experiencing significant fluctuations between the 20-day Exponential Moving Average (EMA) ($3,209) and the horizontal support level of $3,056 in recent days. This limited range trading, depicted in the ETH/USDT daily chart, is unlikely to persist in the long run, indicating potential directional swings in the imminent future. ETH/USDT daily chart. Source: TradingView If the price manages to break above the 20-day EMA, the ETH/USDT pair could potentially rise to the 50-day Simple Moving Average (SMA) ($3,436). This level may pose a temporary barrier, but it's expected to be surpassed, potentially leading the pair to soar to $3,679. On the other hand, if prices plunge and breach the $3,056 support level, it might suggest that bears are gaining control. The ETH/USDT pair could then retest critical support at $2,852. A further plunge below this level may potentially initiate a decline towards $2,700. BNB Price Analysis: Battle Between Bulls and Bears Tightens around $635 Resistance Level Binance Coin (BNB) has been experiencing difficulties in surpassing the overhead resistance at $635, an indication of relentless bearish defense of the price level. However, bulls are not backing down, helping to alleviate a rapid price decline. The price could potentially retreat to the moving averages, establishing anticipated support levels. If the price uniquely rebounds off the moving averages, it could increase the chances of breaching the $635 resistance level. BNB/USDT daily chart. Source: TradingView In that scenario, the BNB/USDT pair could witness a surge toward $692, and eventually extend to the pattern target of $775, indicating a possible bullish outcome. However, if the price slumps below the moving averages, it might indicate an extension of the range-bound action for a few more days, reflecting a more bear-driven scenario in the short-term. Solana Price Analysis: SOL Faces Resistance at $162, Major Moves Expected Solana demonstrated a downturn from the overhead resistance of $162 on April 24, pointing to the significant activity of the bears at higher levels. With the 20-day Exponential Moving Average (EMA) gradually sloping down to $153 and the Relative Strength Index (RSI) in the negative territory, it suggests that bears currently hold the upper hand. SOL/USDT daily chart. Source: TradingView The SOL/USDT pair may well descend towards a strong support level at $126. Suppose the price robustly rebounds off this level. In that case, it could represent a potential scenario where the pair could remain trapped in the price range between $162 and $126 for a more extended period. However, the first positive indication would be a break and closing price above the 50-day Simple Moving Average (SMA) of $168. Such a move could pave the way for a possible rally towards $205. Conversely, a break below $126 could catapult the SOL/USDT pair down to the $100 mark. XRP Price Analysis: XRP Bulls Eye Support at Uptrend Line Ripple's native digital token, XRP is currently trading below the 20-day Exponential Moving Average (EMA) of $0.54, signaling a bearish market. Despite this, bulls are showing resilience, aiming to establish support at the uptrend line. XRP/USDT daily chart. Source: TradingView Should the price make a rebound off the uptrend line and propel above the 20-day EMA, it could suggest a weakening of the bears' influence. Under such circumstances, the XRP/USDT pair might subsequently attempt a rally toward the 50-day Simple Moving Average (SMA) of $0.59 and potentially ascend to $0.69. Contrarily, if the price continues on a downward trajectory and breaches the uptrend line, it could signify a firm bear grip on the market. The XRP/USDT pair might then plunge to $0.46, a level where robust support from the bulls is anticipated. Dogecoin (DOGE) Price Analysis: Symmetrical Triangle Forms as Bulls and Bears Lock Horns Dogecoin (DOGE) has recently traced a symmetrical triangle pattern, suggesting an ongoing bout of indecision between the bulls and the bears. With the 20-day Exponential Moving Average (EMA) sloping downwards to $0.16 and the Relative Strength Index (RSI) positioned in the negative zone, it implies that the easiest path for the price lies downwards. DOGE/USDT daily chart. Source: TradingView Should the price dip and sustain below the triangle, the DOGE/USDT pair might likely tumble toward $0.12, indicating a bearish outcome for the popular meme coin. Contrarily, if the price manages to rebound from the current level and breach the triangle, it would signal aggressive buying activities on dips. This would enhance the chances of an uphill break from the ongoing downtrend line. Subsequently, the DOGE/USDT pair could ascend toward $0.21, hinting at a bullish market outlook. Cardano Price Analysis: ADA Oscillates at Crucial $0.46 Support Level Cardano's recent price action bears witness to a dip from the 20-day Exponential Moving Average (EMA) of $0.50 that happened on April 23, eventually reaching a vital support level at $0.46. ADA/USDT daily chart. Source: TradingView If the price experiences a rebound off the $0.46 level, and in turn, establishes a position above the 20-day EMA, it is indicative that the correction phase may have run its course. Under such a bullish condition, the ADA/USDT pair might venture a rally up to the 50-day Simple Moving Average (SMA) at $0.59 and further to $0.68. However, a continued downward movement that leads to a break below $0.46 signifies the bears' dominance. Under such a scenario, the ADA/USDT pair might experience a slump, reaching the critical support at $0.40. A definitive breach of this level potentially signals a resumption of the downtrend. Shiba Inu Price Analysis: SHIB Stuck Between Moving Averages, Market Indecision Prevails Shiba Inu's price performance has seen it oscillating between the moving averages over the past few days. This pattern is indicative of an indecisive market, with both bulls and bears vying for control. The 20-day Exponential Moving Average (EMA), currently at a flat $0.000025, along with the Relative Strength Index (RSI) lingering somewhere around the midpoint, do not offer a clear hint favoring either the bulls or the bears. SHIB/USDT daily chart. Source: TradingView In a bearish scenario, if the price breaks and stays below the 20-day EMA, it implies that the bears have carved out their dominance. The SHIB/USDT pair could then slump toward a value of $0.000020. On the other hand, should the price surge and surpass the 50-day Simple Moving Average (SMA) at $0.000027, it would denote the bulls gaining the upper hand in the market. Under such a bullish wave, the SHIB/USDT pair could take a jab at rallying up to $0.000033.

According to Cointelegraph: Bitcoin (BTC) Price Holds Steady Against Regulatory Turbulence and Spot BTC ETF Outflows Despite dealing with a series of negative factors, including substantial outflows from spot Bitcoin exchange-traded funds (ETFs) and amplified regulatory scrutiny, Bitcoin (BTC) was able to maintain a value above $63,000 on April 26. U.S.-based spot Bitcoin (BTC) ETFs reported a considerable net outflow of $218 million on April 25, following $120 million outflow the previous day, according to Farside Investors. Franklin Templeton was the only provider recording inflows on April 25, implying that this withdrawal trend was not entirely induced by high fees at Grayscale's GBTC. Source: Geiger Capital In addition, US Senators Elizabeth Warren and Bill Cassidy sent a letter to the Department of Justice and Department of Homeland Security on April 25, requesting information on measures adopted to combat pseudonymous cryptocurrency payments for illicit child abuse material. Bitcoin (BTC) enthusiasts, however, are showing optimism despite deteriorating global economic conditions. The U.S. Personal Consumption Expenditures (PCE) rose by 2.8% year-on-year in March. Given that the U.S. GDP growth for Q1 was below expectations at 1.6%, this level of inflation, surpassing the Federal Reserve’s target, is concerning. With these metrics, market expectations that the Fed will sustain higher interest rates for an extended duration are growing. Amid this challenging economic landscape, Bitcoin participants remain cautious about the unsustainable path of the U.S. government's fiscal policy. Worsening macroeconomic conditions extend beyond the U.S. to other leading economies where similar issues could inadvertently strengthen Bitcoin's appeal. Ultimately, while Bitcoin's price has suffered from U.S. spot ETF outflows, regulatory stress, and global economic downturns, analysts suggest that weakened worldwide economic conditions may lead to additional central bank stimulus measures, which could enhance Bitcoin's prospects.

According to Cointelegraph: Bitcoin's (BTC) market inertia persists, with analysts predicting a likely dip in BTC prices over the next two weeks, reminiscent of classic post-halving behavior. BTC/USD 1-hour chart. Source: TradingView Bitcoin (BTC) May Be Gearing Up for a Price Drop Bitcoin's market inertia is proving to be a prolonged affair, with a BTC price dip over the next fortnight aligning with classic post-halving patterns. The cryptocurrency took a slide as trading conditions held the bulls at bay during the Wall Street opening on April 26. Rough Day for Bitcoin (BTC) ETFs Data from Cointelegraph Markets Pro and TradingView showed BTC price action completing a circle from highs of $65,300 down to the daily close. A stubborn resistance was in effect over the market due to unflattering macroeconomic data and poor performance from US spot Bitcoin exchange-traded funds (ETFs). Bitcoin ETF flows chart. Source: James Seyffart/X These ETFs experienced net outflows exceeding $200 million the day before, putting out the flame of what started as a promising week. A Gloomy Crypto Mood A sluggish mood across the crypto sphere led market participants to suggest that the overall Bitcoin price trend might remain static for a more extended period. Michaël van de Poppe, Founder and CEO of MNTrading, expressed a different take in his latest analysis. He proposed that altcoins would significantly diverge and deliver long-awaited gains. Classic Time for BTC Price Lows Rekt Capital, a popular trader and analyst, issued a two-week deadline for any substantial dips to occur while updating his surveillance of BTC price performance around the halving block subsidy. BTC/USD chart. Source: Rekt Capital/X An accompanying chart compared the anticipated behavior to historical norms, stating if additional downside volatility occurred, it would likely happen within the coming two weeks. Bitcoin's dominance of the overall crypto market cap was around 55% on April 26, having descended from a peak of 57%—the highest level in two years— on April 13. Bitcoin market dominance 1-week chart. Source: TradingView

According to CryptoPotato, Bitcoin whales are reportedly cashing in on their profits from the recent Bitcoin rally. On-chain analysts have noticed a significant increase in inflows to centralized cryptocurrency exchanges, with a substantial portion of these inflows coming from Bitcoin whales. This information was revealed in a CryptoQuant Quicktake by anonymous crypto analyst Phi Deltalytics. On April 25, another analyst, Woominkyu, noted that the unrealized profits of long-term Bitcoin whales had increased significantly, particularly with Bitcoin's value exceeding $60,000. Despite the increase in profits, Woominkyu observed that these whales had not yet cashed out. He pointed out a spot on his chart indicating a significant rise in unrealized profits, suggesting that this group of Bitcoin investors was maintaining their positions. However, he also warned that any move to realize these profits could impact the market. Approximately 24 hours after Woominkyu's post, Phi Deltalytics reported a notable increase in Bitcoin exchange inflow, with the majority seemingly coming from whales. He suggested that this increase could indicate significant profit-taking by whales during the ongoing 2024 Bitcoin bull run. While he acknowledged that such metrics can sometimes produce false signals, he advised caution when interpreting market dynamics. In addition to Bitcoin whales, long-term holders of the digital asset have also been cashing out. Woominkyu noted that the Spent Output Profit Ratio (SOPR) of long-term holders had surpassed that of short-term holders over a seven-day moving average, indicating that the former group is realizing more profits. He also explained that the SOPR of long-term holders has generally decreased over time, but there are instances when it experiences an uptick, often preceding spikes in Bitcoin's price. These upticks suggest that long-term investors are capitalizing on price surges to realize profits. Investors are advised to be cautious of potential price corrections and increased volatility, as the SOPR is currently high. Meanwhile, Bitcoin is consolidating between $60,000 and $70,000. If it rallies to $70,000 and gets rejected, the cryptocurrency could experience a significant slump. At the time of writing, Bitcoin was trading at $64,100, with negligible gains or losses in the past 24 hours.

On Apr 26, 2024, 13:13 PM (UTC). According to Binance Market Data, Bitcoin (BTC) has dropped below 64,000 USDT and is now trading at 63,957.988281 USDT, with a narrowed 1.32% increase in 24 hours.

According to U.Today, Samson Mow, CEO of Bitcoin adoption-focused company Jan3, recently engaged in a discussion about Bitcoin privacy and the identity of its pseudonymous creator, Satoshi Nakamoto. Mow quoted Nakamoto's statement from the Bitcoin white paper, which suggested an alternative method of maintaining privacy compared to traditional banking models. Nakamoto proposed keeping private keys anonymous, allowing transactions to be visible but not linked to any specific individual. Mow's comments sparked a response from Ledger CTO Charles Guillemet, who argued that 'Pseudonymity is a weak form of privacy.' Mow retorted by challenging Guillemet to reveal Nakamoto's real identity. In a separate conversation, Mow predicted the emergence of 'Omega Bitcoin candles,' a term referring to large greed trading candles associated with high volatility. He believes that the recent Bitcoin halving, which reduced block rewards from 6.25 BTC to 3.125 BTC, will create a Bitcoin supply shock. This, coupled with the demand shock created by spot Bitcoin ETFs buying up BTC from the market, could lead to the appearance of Omega candles, potentially driving Bitcoin's value to the anticipated $1 million mark. Following the halving, Bitcoin's value increased by nearly 10% to reach $67,000. However, it has since declined by 3.76%, with Bitcoin currently trading in the $64,400 range.