GBTC net outflow $42.20 million yesterday, BTC net inflow $5.20 million

According to Bloomberg, CME's bitcoin basis (that is, the difference between the actual price and the futures price) climbed to a three-month high. At the same time, the number of unpositioned squaring contracts increased modestly, and the early signs of the market increasing its long position again were healthy and obvious. At the same time, the heavy position in the bitcoin options market to hedge against the risk of a sharp decline was gradually being lifted, but the offshore perpetual contra...

Trump signed an executive order in early March this year proposing the establishment of a national bitcoin reserve and a strategic reserve of other tokens, and required the Treasury Secretary to submit an evaluation report on the legal and investment feasibility of the plan within 60 days. The 60-day deadline set by Trump's executive order has been less than two weeks, which means that more details of the US bitcoin reserve are about to be disclosed. The market's expectation of this matter may b...

The Securities Exchange Commission today charged PGI Global founder Ramil Palafox with orchestrating a fraudulent scheme that raised approximately $198 million from global investors and misappropriated more than $57 million of investor funds. According to the SEC indictment, Palafox's company, named PGI Global, describes itself as a crypto-asset and foreign exchange trading firm. From 2020...

On April 23rd, according to TradingView data, Bitcoin's market share (BTC. D) rose to reach 64.67% this morning, a new high since February 2021, and now it has fallen back to 64.30%. The high market share of Bitcoin shows the silence of the counterfeit products market, but the side may also represent a bottoming out rebound. According to previous historical data, when the market share of bitcoin rose to 60% in November last year, counterfeit products opened a bull market. In 2019 and 2021, the m...

Yuga Labs has filed a surrender order with the U.S. District Court for the Central District of California to seize the crypto assets held by Internet celebrity Jeremy Cahen, who goes by the name Pauly0x. The assets, which are spread across four wallets including Bitcoin, Ethereum and PEPE, totaled nearly $400,000 as of last October. In July 2022, Yuga Labs sued Cahen and artist Ryder Ripps, accusing them of selling Ryder Ripps Bored Ape Yacht.

On April 23rd, according to 4E monitoring, on Tuesday, Trump made remarks that the tariff policy was softened, saying that the tariff on China was too high, and the tax rate was expected to be significantly reduced. Under the optimistic expectation of Sino-US tariff negotiations, global trade tensions eased, risk sentiment was boosted, and US stocks soared. The S & P 500 closed up 2.5%, the Dow rose 2.66%, and the Nasdaq rose 2.71%. Large technology stocks recovered the previous day...

Taran, founder of OTC secondary market platform STIX, wrote that holders of hedged tokens have suffered huge losses over the past 12 months. The average retracement from over the counter valuation at that time to the current spot price is about 50%. This means that, on average, holders had the opportunity to exit their hedged positions last year at twice the current spot price.

According to on-chain analyst The Data Nerd (@OnchainDataNerd), a wallet belonging to Bitpanda has withdrawn 200.80 billion PEPE from Gate, worth about $1.64 million. Currently, he has 553 billion PEPE (about $4.98 million) in his wallet.

According to on-chain analyst Lookonchain (@lookonchain), after the bitcoin price rose, two wallet addresses (most likely belonging to the same whale address) shorted BTC at 6x leverage on Hyperliquid at $92,469.10 and $92,664.8, respectively. The total size of the position reached $74.5 million, with liquidation prices of $107,220 and $107,160, respectively.

The market shows that ETH has broken through $1,800 and is now quoted at $1800.63, with a 24-hour increase of 13.84%. The market is volatile, so please do a good job in risk control.

Arthur Hayes said in a Medium post that when Bitcoin breaks through $110,000 (the previous all-time high), it is likely to experience a surge and further expand its market dominance. It may stop at the $200,000 mark, and then funds will start to rotate from Bitcoin to counterfeit products.

According to OnchainLens, one whale released 49,858 SOL mortgages worth $7.38 million or faced $4.17 million in losses after five months of silence.