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Участники мероприятия обсудят законопроект «О регулировании цифровой валюты и цифровых прав», который уже внесен в Госдуму, вместе с ведущими юристами-международниками, специалистами по крипторасследованиям и топ-менеджерами крупных игроков финрынка РФ.

The XRP price has been caught in a wave of uncertainty since hitting its cycle peak above $3.5 back in 2025. The trend downward has been persistent, and now the price is already down by more than 50% from its 2025 highs. Even with this, it seems that the bears are not done with the cryptocurrency, and the formation of a premium Fair Value Gap (FVG) pushes the cryptocurrency deeper into the bear territory.

Mapping Out The Current XRP Trend

So far, it seems the XRP price is still stuck in a bearish structure, pseudonymous crypto analyst Quantitive Alpha shared in a TradingView post. This has been characterized by the XRP price putting in lower highs, as well as lower lows, suggesting that the downward trend is more powerful.

While this trend is important, there is also another development of interest that may have a significant impact on the XRP price as well. This is the premium FVG that could act as a magnet for the price, but eventually could be what sends XRP crashing even lower from here.

According to the crypto analyst, the XRP price could first move upward in a corrective move into this premium FVG gap. However, this would be in a bud to actually just rebalance the inefficiencies that have arose and then sweep Buy-Side Liquidity (BSL) at these levels.

Once this BSL is swept through, this is when the real move begins, because the next direction will determine whether the bears remain in control or if the bulls are able to eventually take over.

Why A Bearish Continuation Is Likely

According to the crypto analyst, the first move into the premium FVG is only a part of the broader move, which is still very bearish. Explaining how this could play out, the analyst says that once the imbalance is filled, then the price is likely to reverse again to continue the bearish trend.

This is because XRP will begin targeting the Sell-Side Liquidity (SSL) that lies lower than the current lows. Thus, this plays into a classic cycle of a digital asset initially moving toward taking whatever liquidity has pooled there, before moving back downward to continue its trend.

There is still a chance that the XRP price does flip bullish in the end, and this would be a sustained breakout of the premium FVG zone. This would eventually signal that the cryptocurrency has now shifted from bearish to bullish on the higher timeframe (HTF) structure.

The cryptocurrency market has indeed seen better days than the past week, but the Solana price has particularly struggled to contend with the broad downward pressure. This sluggish price action could be linked to the major DeFi exploit that rocked the ecosystem, causing the outflow of more than $270 million in value. According to the latest on-chain data, the Solana price could see even further pressure as exchange inflows spike.

$110 Million Of SOL Flow To Centralized Exchanges In 3 Days

In an April 4th post on the social media platform X, crypto analyst Ali Martinez shared that significant amounts of the Solana token have been moved to centralized exchanges over the past few days. This on-chain observation has caused a warning alarm to go off on the potential price trajectory of SOL, especially considering the already not-so-optimistic market climate.

The relevant indicator here is the Exchange Balance metric, which tracks the amount of a particular cryptocurrency available on centralized exchanges at a given time. This on-chain metric provides some level of insight into the current demand and supply dynamics in the crypto open market.

Hence, a rise in the value of this metric suggests that more market participants are sending assets to exchanges, which could imply that supply might be overwhelming the available demand. This trend could be bearish for an asset’s value (the Solana price, in this case), as it could be an indication of increasing selling pressure.

According to Glassnode data highlighted by Martinez, 1.40 million Solana, valued at approximately $110 million, were transferred to centralized exchanges in the last 72 hours. As inferred earlier, coin movements of this magnitude are often red flags in the market, as they could be a potential source of bearish pressure on price.

The rationale behind this conclusion is that one of the major services offered by centralized exchanges is a platform for investors and traders to offload their digital assets. Hence, this latest increase in the exchange inflow can be linked to a rise in selling pressure on the Solana price.

Solana Price At A Glance

Interestingly, the Solana price fell below the psychological $80 support after reaching the local high of around $85. As of this writing, the price of SOL stands at around $80.8, reflecting no significant change in the past 24 hours. According to data from CoinGecko, the altcoin’s value has been down by more than 3% in the past seven days.

According to the latest on-chain data, the largest Bitcoin investors have been active in the market over the past few days, seemingly resuming accumulation of the world’s largest cryptocurrency.

Have Whales Resumed BTC Accumulation?

On Saturday, April 4, market pundit Ali Martinez took to the X platform to share that the Bitcoin whales have stepped into the market and seem to be in accumulation mode again. This fresh observation could be an indicator of improving investor sentiment and a potential starting point for BTC’s next positive phase.

This on-chain observation is based on the rise in the Santiment BTC Held By Whales metric, which tracks the cumulative amount of Bitcoin held by large wallet addresses (with a balance of 100 to 10,000+ BTC) at a given time. This indicator helps to gauge the sentiment among one of the most relevant groups of investors in the BTC market.

Due to the size of their holdings, whales are often considered entities that wield significant influence on the market. Hence, their behavior and movements are typically monitored and viewed as a leading indicator for market direction.

According to data shared by Martinez, the BTC Held By Whales metric recently saw a notable spike, with the large wallet addresses accumulating around 10,000 Bitcoin over the past three days. When Bitcoin whales are actively increasing their holdings, it suggests an upturn in market confidence and perhaps rising expectations of a price increase.

Ultimately, the return of the whales to the Bitcoin market is a good sign that suggests an improving investor sentiment, which could be the exact foundation for the flagship cryptocurrency’s next bullish trend.

Bitcoin Bearish Discussions Reach Highest Level Since February 2026

In a post on the X platform, Santiment shared an on-chain data point that supports the possibility of a bullish reversal for the Bitcoin price. According to the analytics firm, Bitcoin is witnessing the highest ratio of bearish discussions (fear) since late February.

Santiment wrote on X:

There has been an extended period of stagnancy among cryptocurrencies throughout 2026, and social media indicates that Saturday’s ratio of just 0.81 bullish comments per 1.00 bearish is the lowest ratio since February 28th.

While this trend suggests a lack of optimism among the Bitcoin crowd, it is worth noting that the market tends to move in the opposite direction of general expectations. In essence, this high level of FUD (Fear, Uncertainty, and Doubt) could be indicating a potential BTC turnaround sooner than expected.

As of this writing, the price of BTC stands at around $67,400, reflecting an almost 1% jump in the past 24 hours.

Взлом криптовалютного протокола Drift на $280 млн стал результатом фишинговой атаки, за которой стоит северокорейская хакерская группировка Lazarus, также известная как TraderTraitor. К такому выводу пришли аналитики сразу нескольких платформ — Diverg, TRM Labs и Elliptic.

Новый закон об обмене сведениями между Банком России и Федеральной налоговой службой сделает неподтвержденные доходы выше годового лимита 2,4 млн рублей объектом контроля государства. Это напрямую затрагивает криптоинвесторов, считает основатель юридического агентства LegalCrypto Денис Маясов.

Привычный четырехлетний цикл изменения цены биткоина больше не действует, заявил исполнительный председатель компании Strategy Майкл Сэйлор (Michael Saylor). Причиной изменений бизнесмен назвал влияние на цену первой криптовалюты капитала крупных компаний и появление криптокредитов.  

Bitcoin is in an uncomfortable spot, and this time the warning is coming from a cycle signal that has shown up at some of the market’s most decisive turning points. 

The leading cryptocurrency has crossed a technical threshold in the Gaussian weekly uptrend that has appeared at the same stage of every prior market cycle, and according to one closely followed analyst, it may be pointing toward both a final dip to the bottom and the last discounted entry before the next bull run.

The Gaussian Channel Flip That Matters

In a technical update posted on X, ChartNerd pointed out that Bitcoin has flipped from its green Gaussian weekly uptrend into a red bearish channel, a transition he says has always opened the final stretch of every prior Bitcoin bear market.

According to the chart, which is shown below, each cycle follows a familiar sequence of a strong green expansion phase, a transition highlighted as a trend flip, and then a red bearish channel that leads into the final sweep. 

Examining the multi-year logarithmic Bitcoin weekly timeframe chart shows that the pattern is visible across the 2014/2015 cycle, the 2018/2019 bottom, and the 2022 cycle low. The current trend flip looks like those previous transitions, and this places Bitcoin once again at a point where the trend has always moved into bearish territory. 

According to ChartNerd, this signal has consistently appeared right before the last major downside move in past bear markets. This is why the analyst does not interpret the signal as the beginning of a prolonged collapse. However, it could be seen as a late-stage development, which shows the Bitcoin price is nearing a bottom.

Bitcoin Trend Flip. Source: @ChartNerdTA On X

The Path To The Bottom

Bitcoin is currently down by about 47% from its October 2025 peak price of $126,080. There is still a possibility of further downside from this point, but most of the structural damage to price has already occurred. ChartNerd’s current read places the projected final low somewhere in Q2 and Q3 2026, with a target sweep range between $40,000 and $50,000.

In another analysis post, ChartNerd noted that Bitcoin’s four-year cycle structure is still intact despite recent supercycle narratives and that the current market still operates within that structure.

Bitcoin Gaussian Channel. Source: @ChartNerdTA On X

The Gaussian Channel on the price chart shows that the Bitcoin price is on a path to test the channel’s red baseline at $66,895 on the 27-day timeframe, with the lower red support at $44,463. Each prior cycle saw a brief dip to or below that red support line. This means that the Bitcoin price may still face one more period of downside volatility to this range before reversing higher.

Featured image from Unsplash, chart from TradingView

Генеральный директор крупнейшей американской криптобиржи Coinbase Брайан Армстронг (Brian Armstrong) предложил начать создавать в США «песочницы для криптовалют» — особые экономические зоны (ОЭЗ) по образцу китайского города Шэньчжэня. По мнению топ-менеджера, «криптогорода» позволят стимулировать развитие криптоиндустрии и передовых технологий.

In a recent QuickTake post on CryptoQuant, XWIN Research Japan explains how the rising Japanese bond yields are currently affecting Bitcoin’s price action.

Japanese Gov’t Bonds Face Downturn Amid Macroeconomic Pressures 

According to XWIN Research Japan, yields on Japanese Government Bonds (JGBs) have been rising amid persistent inflationary pressures, expectations of policy normalization, and rising concerns over fiscal expansion. In response, there has been a corresponding fall in bond prices, indicating that Japan’s domestic institutions, e.g., banks, are simultaneously holding through heavy unrealized losses.

With approximately ¥390 trillion (approximately $2.6 trillion USD) currently invested in JGBs, even a modest 1% increase in yields could push tens of trillions of yen worth of holdings into negative territory, amplifying financial strain across the system.

Expectedly, this scenario has exerted significant pressure on institutional investors, forcing adjustments on their balance sheets. According to the crypto research group, risk assets, including Bitcoin, are the easy targets of this “rebalancing” activity. Considering that Japan maintains a large external investment portfolio, any liquidity withdrawal exhibits a signal effect on the market.

Therefore, this chain of rising yields, which leads eventually to liquidity contraction, often affects Bitcoin directly. Notably, historical patterns have suggested that low-rate environments often support price growth or expansions, while increasing rates typically impede the flagship cryptocurrency’s growth.

Stablecoin Supply Surges Toward Record Levels

Furthermore, XWIN Research Japan cites the All Stablecoins (ER20): Total Supply metric to report a significant growth in the available stablecoin supply. According to research analysts, this suggests that there is actually capital waiting on the sidelines. However, this available liquidity is clearly not being introduced into risk markets. 

Hence, it becomes apparent that Bitcoin is currently within a classic environment where liquidity exists, but is yet to be deployed. Interestingly, exchange flows also reveal that about $9.6 billion left the Bitcoin market in early 2026, with capital evidently rotating into stablecoins. These two conditions also contribute to weakened demand, as rising rates already cause demand to taper.

Therefore, until macroeconomic conditions improve, the Bitcoin price might continue to struggle in the long-term, as institutional demand might even then become weaker. As of this writing, Bitcoin is valued at $67,391, reflecting a positive daily shift of 0.76%. On larger time frames, the premier cryptocurrency reports a weekly gain of 1.34% and a monthly loss of 5.47%. With a market cap of $1.34 trillion, Bitcoin remains the world’s 13th largest asset and largest digital asset.

Фонд поддержки блокчейна Эфириума (Ethereum Foundation) отправил в пятницу, 3 апреля, в стейкинг более 45 000 ETH. Общий объем монет фонда в стейкинге достиг примерно 69 500 эфиров — это почти соответствует анонсированной цели в 70 000 ETH, показала платформа Arkham Intelligence.

The uncertainty around the Bitcoin market remains at prime levels, driven mainly by geopolitical risks such as the US-Israel-Iran conflict and the associated energy shock. Meanwhile, retail investors continue to exit their holdings in line with historical capital flight behavior as seen in a typical market cycle. Interestingly, on-chain data shows a readiness for aggressive accumulation by the big market players despite the risk-off environment presently at play.

Related Reading: Bitcoin Major Catalysts To Watch Out For That Could Send Bitcoin Price To $90,000

BWCI Rises To 75% As Bitcoin Whales Prepare For Rally

In a QuickTake post on April 4, market analyst GugaOnChain reports a massive stablecoin stash being accumulated to provide liquidity to the Bitcoin market despite ongoing geopolitical and macro uncertainty. This report is based on data from the Binance Whale Concentration Indicator (BWCI), which measures quality and concentration of capital flowing into Binance, specifically, whether that liquidity is dominated by large investors (whales) or smaller retail participants.

According to GugaOnChain, the USDT inflow on the exchange is presently nine times higher than it was at the Bitcoin all-time high of $126,100 in early October. On October 6, 2025, the BCWI stood at 8.25%, indicating that only a minor percentage of these capital inflows was attributed to large, strategic players, suggesting a market peak that was largely retail-driven.  However, the indicator reached 74.58% on April 4, proving that the current capital influx is coming from large market players.

The rise in institutional market dominance is also producing a bolstering effect on the derivatives market. This is because the BCWI also indicates that the growing USDT reserve is serving as collateral for an ongoing Open Interest expansion. At the time of the report, total USDT reserves on Binance were approximately valued at $3.50 billion, which GugaOnChain describes as “dry powder” that whales are presently deploying to establish credible supports in the spot and dictate movements in the derivative market.

Bitcoin Rebound Still Contingent On Risk Exhaustion

According to GugaOnChain, while the on-chain metrics indicate accumulation of buying power that could drive rallies, there are still other factors central to Bitcoin market recovery. One of these factors includes the current geopolitical risk, which the analyst states must reach an exhaustion point for any macro expansion to commence.

Furthermore, there is a need for Bitcoin ETF inflows to support this bullish microstructure with a corresponding rise in net deposits. With the absence of these catalysts, the rising amount of ready market liquidity would do little to prevent a further retrace to the present realized price of $54,000.  At press time, Bitcoin trades at $66,658.

Ripple President Monica Long has highlighted decentralized identities as another area in which XRP could dominate. This came as she explained why these decentralized identities are a game-changer.

Ripple President Reveals Another Key Area For XRP

In an X post, crypto pundit John Squire drew attention to the Ripple President’s statement in which she noted that decentralized identities will enable users to take back control of their identities from web2 companies. With decentralized identities, individuals will be able to tokenize their identities on a network such as XRP Ledger (XRPL). 

Long noted that this tokenization will make these decentralized identities transportable and enable individuals to delegate access to whoever they want. John Squire described decentralized identities as a game-changer. He noted that individuals will be able to turn their identity, KYC, and even DNA into a private portable token on the XRP Ledger using zero-knowledge proofs. 

The pundit added that the decentralized identities will enable everyone to prove everything without revealing anything. The XRP Ledger is already making progress with zero-knowledge proofs as the network looks to provide privacy for network users. Crypto pundit Pumpius recently highlighted how the network has made history with the first-ever zero-knowledge (ZK) privacy transaction going live on the testnet. 

The pundit stated that the DNA Protocol was responsible for these ZK privacy transactions on the XRP Ledger. The protocol turned real-world data into a ZK proof, verified on-chain with zero sensitive information exposed. Pumpius added that with plans to implement ZK proof on the XRPL, banks, governments, and institutions can now confirm everything. This includes KYC, medical records, financials, and compliance, without ever seeing the actual data. 

ZK Technology Will Be A Game Changer On XRPL

Ripple’s Head of Research, Aanchal Malhotra, said that it will be great for the XRP Ledger to implement zero-knowledge technology. She noted that this will enable several use cases and that there are many innovative applications they can build with this technology. ZK technology will enable several privacy features, which would further attract institutions to the network. 

Crypto pundit Minus noted that ZK technology will enable privacy without sacrificing compliance. Furthermore, he said that this would lead to selective disclosure and “insane scalability.” That way, “Institutions can finally have their cake and eat it too,” he added. 

It is worth noting that the XRP Ledger is already moving to implement privacy features natively on the network, including Permissioned Domains, which enable institutions to restrict access to authorized users. The network has also enabled Confidential Multi-Purpose Tokens (Confidential MPTs), which hide the balances and transaction amounts. 

At the time of writing, the XRP price is trading at around $1.31, down in the last 24 hours, according to data from CoinMarketCap.

Tether has given potential investors a hard deadline — commit within 14 days or lose their spot entirely.

The world’s largest stablecoin issuer is pushing ahead with a funding round that would price the company at $500 billion, a figure that would put it above some of the biggest names in American banking.

A Valuation That Dwarfs Its Own Product

That number is striking when held against Tether’s actual stablecoin market cap, which currently sits at around $184 billion. The gap between those two figures reflects what Tether is asking investors to believe — that the company’s future is worth far more than its present.

Reports indicate the company has ambitions well beyond issuing USDT, and that broader strategy is baked into the valuation.

At $500 billion, Tether would be worth more than JPMorgan, Goldman Sachs, Bank of America, and Wells Fargo. That kind of comparison draws attention. It also raises questions that a two-week deadline leaves little time to answer.

The ultimatum is simple: enough investors sign on and the deal moves forward. If not, Tether may shelve the fundraising attempt again.

This Round Almost Never Happened

This is not the company’s first run at a major capital raise. An earlier attempt fell apart before it got off the ground. Early discussions reportedly floated a raise of anywhere from $15 billion to $20 billion — figures the company later walked back, calling them upper-end possibilities rather than firm targets.

By February 2026, advisers had reportedly pulled the target down to around $5 billion. Concerns about transparency and the $500 billion price tag had cooled some investor interest.

CEO Paolo Ardoino pushed back on that characterization at the time, saying demand from investors remained strong and that there was no pressure to rush.

Now, with the deadline set, the pressure is very much on.

Transparency Push Comes Amid Growing Competition

One move Tether made ahead of this round may carry more weight than the deadline itself. The company recently brought on a Big Four accounting firm to conduct its first full audit.

Based on reports, it could rank among the largest audits ever completed in the financial industry — a significant step for a company that has long faced scrutiny over how its reserves are managed.

The timing is not accidental. Signing a major auditor right before a high-stakes fundraise sends a message to potential investors about where the company is headed on transparency.

Meanwhile, competition in the stablecoin space is growing. PayPal, Circle, and a string of traditional financial firms have been expanding their own stablecoin efforts.

USDC, run by Circle, holds a market cap of around $32 billion — well behind USDT’s $184 billion, but closing ground. Tether’s dominance is real, but it is no longer uncontested.

Featured image from Unsplash, chart from TradingView

Solana is under pressure around the $75–$78 zone, a key level where buyers and sellers are currently battling for control. Short-term momentum has weakened, but this area also serves as critical support that could trigger a strong reaction if defended. Despite the downside risk, the broader outlook still holds significant upside potential, with this level likely to decide the next major move.

Pressure Intensifies, SOL Structure Breaks 

SOL pressure is building, according to Marcus Corvinus, with recent price action reflecting a noticeable shift in momentum. Losing the key trendline signals that the bullish structure is beginning to weaken, raising concerns that sellers are gradually taking control of the market.

The $92–$95 zone previously acted as a strong area of defense, but this time, sellers stepped in with clear intent, rejecting prices from that region. That rejection has now pushed SOL down into the $75–$78 range, where the market is currently consolidating.

This level is more than just support; it represents a critical decision zone. Price is compressing here, and the market is essentially waiting for a catalyst. The reaction at this level will likely determine the next major move.

If buyers manage to defend this zone, a sharp upside reaction could follow, potentially triggering a quick bounce and even a short squeeze as trapped sellers are forced to cover. However, if this support fails to hold, downside pressure could accelerate quickly, with little structural support below. For now, sentiment appears heavy, with momentum gradually tilting away from the bulls, making this level one of the most important areas to watch.

Solana’s Classification As A Commodity Changes The Narrative

In an update, Crypto Patel highlighted that Solana has now been classified as a commodity, even while it remains about 77% below its all-time high. This places the asset in a unique position, still significantly discounted, yet gaining stronger recognition and positioning in the broader market.

The current situation draws comparisons to earlier cycles, where SOL experienced sharp drawdowns before staging massive recoveries. Reflecting on 2022, when prices dipped as low as around $8, the sentiment then was equally bearish. However, that move ultimately led to an explosive rally, with SOL proving its ability to rebound with over 2,000% gains from the bottom.

From a technical standpoint, the long-term chart shows that Solana is holding firmly within the Fibonacci golden zone on the 2-week timeframe. This area has historically acted as a strong accumulation region in past cycles. With this structure in place, the outlook remains a move toward $1,000 and beyond is not just speculation, but a matter of time if the broader trend continues to play out.

A crypto analyst has shared a new Bitcoin price roadmap, outlining where the market currently is and projecting the cryptocurrency’s next moves amid the ongoing bear market. While some experts still see more downside ahead for BTC, this analyst predicts a massive surge back above $90,000. The analyst cites several catalysts, including Bitcoin price action and the Elliot Wave structure, to support his bullish outlook. 

Bitcoin Price Roadmap To $90,000

Rawl, a crypto market expert on X, has presented a new price analysis of Bitcoin, outlining in detail how the cryptocurrency can return to $90,000 and what traders should expect in the coming weeks and months. The analyst noted that, so far, Bitcoin has been following an expected plan, suggesting that the recent pullbacks, rebounds, and other price changes were normal reactions. 

He said that although the market’s timeline has been the only surprise, the cryptocurrency’s structure is what truly matters. Rawl stated that, following Bitcoin’s price crash to $60,000 in February, which marked its lowest level since its 2025 all-time high, the cryptocurrency needed two more waves to complete its corrective structure.

As expected, Bitcoin went on to form Wave 4 and Wave 5 in its Elliott Wave setup, completing the full corrective Wave C chart structure. He added that BTC’s previous pullback to $63,000 counted as one wave and officially confirmed the final downward move.  

Since then, Rawl noted that the market has rebounded, starting a new bullish Elliott Wave phase. In this fresh setup, the analyst stated that Bitcoin has already printed Wave 1 and Wave 2, with the market presently in a choppy range around $65,000 ahead of its next two waves to the upside. 

He explained that once these waves complete, Bitcoin could rise quickly toward $90,000 to $96,000. After hitting that level, he expects it to move sideways for a few weeks before declining again as it enters a new corrective ABC wave, likely around the time a new Federal Reserve chair replaces Jerome Powell. He described this correction as a bullish move, noting that it could persist until the upcoming FOMC meeting in June. 

The analyst noted that the price action following the FOMC could complete the first corrective Wave C, allowing the market to resume its uptrend. Alternatively, Bitcoin could drop one more time toward the $71,000 to $74,000 range, forming the next Wave 2 before a larger rally begins. 

Rawl confidently stated that Bitcoin has an 80% chance of reaching a new all-time high this year. He noted that the remaining 20% possibility suggests that price could rise to the $116,000 to $125,000 range below its current cycle top.   

Analyst Outlines Other Likely Path For Bitcoin Price

Although Rawl strongly believes in the roadmap he outlined above, he acknowledged that a less likely scenario is that Bitcoin could experience a deeper pullback between May and June, falling below $74,000 and possibly crashing to $55,000. 

Because of this risk, the analyst recommends taking profits of 20-30% around the $90,000 range, then gradually buying back 10-15% of that position if Bitcoin dips to $74,000, and the rest if the price falls to $55,000 in June or by Q1 2027. Regardless of what happens to Bitcoin, the analyst still believes the cryptocurrency could hit an all-time high afterward. 

Featured image from Pexels, chart from TradingView

Bitcoin continues to trade within a narrow range, hovering around $66,500 going into the week. While price action still appears subdued, recent on-chain data suggests this period of consolidation could be signaling the formation of a market bottom.

Supply In Profit Drops To 11.3 Million BTC

In a Quicktake post on the CryptoQuant platform, on-chain analyst EgyHash put forward a somewhat optimistic outlook on the Bitcoin price, saying the flagship cryptocurrency might be forming a major cycle bottom. The relevant on-chain indicator here is the Supply in Profit Market Bands metric. 

As observed in the chart below, the blue area on the graph represents the Supply in Profit, while the green line marks the Bottom Discovery. 

According to EgyHash, the Supply in Profit has recently fallen to about 11.3 million BTC. This is after tearing through the Psychological Inflection (orange) and Liquidity Accumulation (purple) lines. 

More importantly, EgyHash noted that the Bitcoin Supply in Profit landed directly on the “Bottom Discovery” area. This particular band, according to the analyst, is where most Bitcoin short-term holders have been forced to turn over their holdings.

Historically, the Supply in Profit reading has only reached the green band during major bottoms of the Bitcoin cycle. The market quant cites the depths of the crypto winter in the 2018/2019 period as an example; the March 2020 liquidity crisis also features in this data, with the other instance being the late 2022 post-FTX capitulation. 

Notably, the expert also points out that the speed of the current transition is astounding. This is because the Bitcoin market moved quickly from the Overheated Zone to the Bottom Discovery within a single flush. 

EgyHash explained that this is a tell-tale sign that “Seller Exhaustion” has become the current state of affairs, with the “Mania” phase already long superseded.

Long-Term Holders Display Dominance As Sell Pressure Wanes

Typically, when the Supply in Profit reaches this significant base, it signals that long-term holders have taken the reins. This is the classic scenario where diamond hands absorb the supply of weaker hands. 

Nonetheless, the crypto pundit highlighted an important caveat, saying falling to the Bottom Discovery band “does not guarantee an immediate V-shaped recovery,” but that it instead signals a relatively high exhaustion of bearish risk. As such, market participants are advised to wait for further confirmation before making their move.

As of this writing, the Bitcoin price sits at approximately $66,901, reflecting no significant change in the past 24 hours. 

Cybercriminals who target crypto are not operating on a fixed schedule. They move when the money moves.

That was the key message from Kraken’s chief security officer, Nick Percoco, who told reporters that hacking activity in the crypto space tends to spike during bull markets, major product launches, and periods of rapid growth — not because of the calendar, but because those are the moments when the most value is concentrated in one place.

“Vulnerabilities can be exploited in any market environment,” Percoco said, warning that security in crypto has to be treated as an ongoing effort, not a seasonal one.

His comments came as new data showed a notable drop in crypto theft during the first three months of 2026. According to DefiLlama, hackers pulled $168 million from 34 decentralized finance protocols between January and March — a steep fall from the $1.58 billion stolen during the same period last year.

Private Keys And Smart Contracts Remain Weak Spots

That prior-year figure, however, was heavily skewed by a single incident: the $1.4 billion Bybit breach, which accounted for nearly the entire Q1 2025 total. Strip that out and the comparison looks less dramatic.

Still, the losses in early 2026 were far from small. The biggest hit came in January, when portfolio management platform Step Finance lost $40 million after attackers compromised its private keys.

Days later, on Jan. 8, decentralized protocol Truebit was drained of $26.4 million worth of ether through a smart contract manipulation. A third major incident struck stablecoin issuer Resolv Labs in late March, also through a private key compromise — the same method used in the Step Finance attack.

Private key failures and code exploits are two very different problems, but both keep appearing in the data. One is a human and operational issue. The other is a code issue. Neither has been solved.

North Korea-Linked Groups Remain A Persistent Concern

Data shows that 34 separate DeFi protocols were hit across the quarter. The attacks were spread across the period, with January bearing the heaviest losses.

Percoco described the threat pool as a mix of highly coordinated groups, organized criminal networks, and opportunistic individuals scanning for weak points in smart contracts and user-facing systems.

North Korea-linked actors have been flagged repeatedly in connection with major crypto thefts. Suspected affiliates of that network were linked to an attack on decentralized exchange Drift Protocol, which lost an estimated $285 million to a private key leak.

Featured image from Unsplash, chart from TradingView

Bitcoin remains in the depths of the bear market, with prices hovering around $67,000, despite a brief uptick during the week. According to market analyst GugaOnChain, underlying market activities suggest the digital asset is experiencing a complex phase and divergence marked by a growing divide between tightening on-chain supply and rising macroeconomic uncertainty.

Bitcoin Bullish Signals: On-Chain Scarcity And Quiet Accumulation

In a QuickTake post on April 3, GugaOnChain highlights a series of structural shifts beneath the recent Bitcoin price action. The analyst shares on-chain data showing that approximately 66,300 BTC, worth about $4.44 billion, has been withdrawn from exchanges over the past month. This kind of trend is indicative of a move toward long-term storage, thereby reducing the amount of Bitcoin readily available for sale and contributing to a supply-side squeeze.

Furthermore, Over The Counter (OTC) transactions have accounted for 92.1% of Bitcoin’s recent trading volume, i.e., $16.49 billion, compared to just 7.9% on public order books. This is another bullish development pointing to quiet institutional accumulation and growing BTC scarcity. In contrast, retail investors continue to exit the market as data shows realized losses totaling approximately $690 million within 24 hours, a sign of capitulation that often accompanies late-stage corrections. However, such behavior, combined with smart money accumulation, has historically preceded local price bottoms because weaker hands exit the market, effectively reducing selling pressure.

The Uncertain Macroeconomic Clouds

Despite the supply shock being created, Bitcoin remains heavily subject to external macroeconomic factors. These include global liquidity conditions, interest rate decisions, and geopolitical tensions, which are all capable of triggering abrupt market reactions that may override bullish supply dynamics. In this environment, the use of the Top 5 Exchange Whale Inflow is a critical monitoring tool that shows the real-time response of these big-time players to macro shocks.

Amid heightened geopolitical risks, as recently seen in the US-Iran-Israel war, monitoring inflows to major exchanges such as Binance (to assess global demand) and Coinbase (to ascertain US investors’ interest) is an efficient way of identifying potential sell-offs or flash crashes. For context, the seven-day average of the Top 5 exchange whale inflows currently stands at 16,551 BTC. Any sharp increase in this metric will reflect a shift from accumulation to liquidity-seeking behavior and precede any price fall.

At the time of writing, Bitcoin trades at $66,889 following a 1.36% gain in the past week. Meanwhile, daily trading volume is down by 41.68% and valued at $22.91 billion. Notably, Bitcoin’s risk-reward profile remains favorable as retail selling pressure has largely been exhausted, suggesting a potential local bottom could form soon. However, an increase in the probability of a left-fail suggests that any sharp drop could have severe effects, thus putting the market in a delicate position.

It has been another week of uncertain movements for the Bitcoin price, with the global financial markets moving to the whims of the ongoing tensions in the Middle East. The premier cryptocurrency has struggled to stay afloat after hitting a roadblock at the $69,000 resistance level earlier in the week. The latest on-chain data has shown that the price of Bitcoin might be reaching a bottom already.

Is BTC Accumulation Period About To Resume?

In an April 3rd post on the social media platform X, Alphractal co-founder and CEO Joao Wedson revealed that Bitcoin is starting to become less overvalued. This on-chain observation is based on the RVTS (Realized Value/Transaction Volume) Ratio, which tracks the relationship between market capitalization and the network’s adjusted economic value.

According to Wedson, a rise in this metric’s value could imply a rise in the flagship cryptocurrency’s realized value. At the same time, an increasing RVTS Ratio can also be a signal of a decline in activity or transaction volume on the Bitcoin network.

Highlighting data from Alphractal, the crypto founder shared that the RVTS Ratio just reached its highest level ever, potentially pointing to the lowest network utilization in the history of the premier cryptocurrency. 

Wedson wrote on X:

In previous cycles, these extremes appeared near cycle bottoms or low-participation zones, when volume collapses, and the network becomes “silent.” When the indicator rises, adjusted economic volume declines, network usage weakens, and the denominator collapses, a pattern consistently seen around major cycle bottoms (2012, 2015, 2019, 2022) and local bottoms within broader structures.

According to the Alphractal CEO, this record level of the RVTS Ratio indicates less overvaluation and more structural apathy in a Bitcoin market increasingly being steered by liquidity and derivatives. From a historical perspective, this signal often precedes periods of accumulation and revaluation. 

In essence, this record-high level of the RVTS Ratio could be the bright spark of optimism the Bitcoin price needs to start its turnaround. Conversations have heightened around the market leader’s potential bottom, as it continues to oscillate within the $65,000 – $70,000 consolidation range.

Bitcoin Price At A Glance

As of this writing, the price of BTC stands at around $66,880, reflecting no significant change in the past 24 hours. While the market leader is down from its weekly high of over $69,000, it is still in a better place (nearly 2% up) than it was seven days ago.