Bitcoin has seen a modest decline in price after climbing above $94,000 earlier in the week. At the time of writing, BTC is trading at $92,775, reflecting a 1.3% decrease over the past 24 hours. The move comes after a multi-day rally that saw Bitcoin gain nearly 10% since the beginning of the week, raising questions about whether the recent momentum is sustainable or a temporary uptick amid broader market uncertainty. While price action has stalled slightly, on-chain data and exchange behavior are beginning to shape a clearer narrative for Bitcoin’s short-term outlook. Related Reading: Bitcoin Explodes Above $94,000 — What’s Igniting The Fire? Shift in Exchange Flows Signals Accumulation and Reduced Selling Pressure According to a new analysis from CryptoQuant contributor Novaque Research, investor behavior on Binance, currently one of the largest retail-focused crypto exchanges, may offer valuable insight into what comes next for BTC, particularly regarding liquidity conditions, positioning, and potential short-term price squeezes. Novaque Research pointed to notable changes in exchange flow patterns that appear to coincide with Bitcoin’s recent price behavior. Between April 6 and April 10, Bitcoin inflows into Binance exceeded 15,000 BTC. During this same period, Bitcoin’s price hovered in the $85,000 to $87,000 range. The analysts interpret this as indicative of increased sell-side pressure, likely driven by short-term traders liquidating positions or preparing for tax-related obligations. In contrast, between April 19 and April 23, Binance experienced over 15,000 BTC in outflows as the price moved above $93,000. This activity suggests a shift toward accumulation, with investors moving assets into self-custody—a trend often viewed as bullish since it implies reduced short-term selling risk. Supporting this view, the Exchange Reserve metric shows a declining trend since April 18, while the Exchange Whale Ratio fell below 0.3 on April 23, suggesting that large-volume traders are stepping back, and the market is becoming more influenced by retail behavior. Bitcoin Short Squeeze Potential Emerges as Leverage and Whale Activity Decline Alongside changes in exchange flows, Novaque Research notes that the structure of Bitcoin’s leveraged positions has also evolved. According to the analysis, leveraged long positions were largely flushed out in the $82,000 to $88,000 range, indicating that many short-term traders exited during the recent price swings. At the same time, short positions remain concentrated just above the $92,000 level, which could make them vulnerable to a short squeeze if the market gains further upward momentum. Related Reading: Bitcoin Buyers Take Control on Binance, But Funding Rates Flash a Warning The report concludes that market conditions are now more balanced, with fewer large players influencing price direction and thinner liquidity zones above current levels. The CryptoQuant contributor noted: With the market structure cleaned up and liquidity thin above present levels, any trigger (ETF flows, Fed pivot , EM weakness) may rapidly propel BTC above $98K-$100K. Featured image created with DALL-E, Chart from TradingView
With Bitcoin’s dominance soaring, is liquidity fleeing altcoins for good?
In recent developments within the cryptocurrency sector, Binance Wallet has reported an unprecedented oversubscription for the new Token Generation Event (TGE) of OKZOO, achieving an impressive 500 times the initial
The rapid recovery in Bitcoin and altcoins has attracted attention in the cryptocurrency market this week. The BTC price has risen above $94,000, while it is traded at an average of $93,000. At this point, Bitcoin remains above $93,000, while Ethereum (ETH), XRP, BNB, Avalanche (AVAX) are stable. Solana (SOL) is up 2.6%, while Dogecoin (DOGE) and Cardano (ADA) are up 4%. SUI Attracts Attention with Its Rise! Outside of the majors, Sui Network’s native token SUI rose by &18.5 in the last 24 hours, taking its weekly gains to 70%. Continuing its multi-day rally, SUI’s bullish catalysts include the move by ecosystem company xPortal, which has launched a SUI-branded payment card that operates on the Mastercard network. Catalysts were also cited to include TVL, DEX volume, and stablecoin growth. Cryptocurrency analytics firm Lookonchain attributed the 60% increase in SUI’s price to a combination of increasing total value locked (TVL), decentralized exchange (DEX) volume, and stablecoin growth on the network. According to the data, the TVL of the Sui blockchain increased by 38% to $1.65 billion last week, while the daily DEX volume increased by 177% to $599 million. The value of stablecoins on the network also increased by 82% in two months, from $482 million to $879 million. SUI continues to trade at $3.53 after the rise it experienced. The $SUI price has surged by 60% in the past week. What is driving the rise of $SUI ? TVL has increased by 38% in the past week to $1.645B. DEXs Volume(24h) has reached $599M, a 177% increase from last week. Stablecoins on #Sui have grown rapidly over the past two months,… pic.twitter.com/X3m0FdGo9O — Lookonchain (@lookonchain) April 25, 2025 *This is not investment advice. Continue Reading: Altcoin Listed on Binance Is Silently Rising! Here Are the Reasons for the Rise!
Documentary filmmakers Zach Ingrasci and Chris Temple unveil a captivating exploration of Ethereum and its visionary co-founder, Vitalik Buterin. By leveraging innovative crowdfunding strategies and blockchain technology, the duo showcases
Ark Invest’s projections are based on growing institutional adoption, Bitcoin’s finite supply, and its expanding role as a safe haven in emerging markets. The firm also increased its base and bear case projections to $1.2 million and $500,000 respectively. The firm's report was released amid a record exodus of Bitcoin from crypto exchanges, which signals that there is a shift toward long-term holding. Publicly traded companies have aggressively accumulated Bitcoin, and contributed a lot to this trend. Outside the US, Asian firms like Japan’s Metaplanet and Hong Kong’s HK Asia Holdings are also building substantial reserves. Meanwhile, the town of Fornelli in Italy recently announced on Facebook that it will honor Bitcoin's creator with a public monument. Fornelli holds the unique distinction of having the highest density of Bitcoin adoption in the world. Bitcoin Could Outgrow Gold and Rival Global Economies ARK Invest, the leading asset manager, recently raised its long-term Bitcoin price forecasts, and projected a bullish case of $2.4 million per BTC by the end of 2030. The firm’s research was released on April 24, and outlines an updated model built on Bitcoin’s total addressable market, projected adoption rates, and its fixed supply trajectory. Bitcoin price projections (Source: ARK Invest ) The bullish scenario sees Bitcoin achieving a 6.5% penetration of the $200 trillion financial market, excluding gold. This alone could drive massive capital inflows, according to ARK analyst David Puell, who believes that institutional investment is the strongest growth driver in their model. In addition to the bull case, ARK adjusted its base and bear case predictions to $1.2 million and $500,000 respectively, up from $710,000 and $300,000 earlier this year . Bitcoin’s role as “digital gold” is another pillar of ARK’s projections, and the firm estimates that Bitcoin could capture up to 60% of gold’s $18 trillion market cap. The third major driver, accounting for 13.5% of the bull case projection, is Bitcoin’s adoption as a safe haven in emerging markets. Bitcoin is increasingly viewed as a hedge against inflation and currency devaluation. Bitcoin potential use cases (Source: ARK Invest ) Other contributing factors include nation-state and corporate adoption of Bitcoin for treasury reserves, as well as the growth of Bitcoin-based financial services. If Bitcoin were to hit ARK’s bullish projection, it would command a market cap of $49.2 trillion based on an estimated circulating supply of 20.5 million coins by 2030. That valuation would surpass the combined GDP of the United States and China and place Bitcoin ahead of gold as the largest asset class globally. Even in the more conservative scenarios, Bitcoin will need to keep up extraordinary growth rates. The $500,000 bear case implies a 32% annual growth rate, while the $1.2 million base case will require a 53% annual increase. These levels are very rarely seen for trillion-dollar assets. These projections were made after Bitcoin showed some renewed strength in 2025, and rebounded from a low of $75,160 to trade near $94,000. This momentum was boosted by renewed investor confidence and the Trump administration’s Strategic Bitcoin Reserve. BTC’s price action over the past week (Source: CoinMarketCap ) Bitcoin Leaving Exchanges at Record Rates Supporting BTC’s current momentum is the fact that Bitcoin reserves on crypto exchanges fell to their lowest level since November of 2018, driven largely by accelerating accumulation from publicly traded companies. According to a recent report from Fidelity Digital Assets, the amount of Bitcoin held on exchanges declined to approximately 2.6 million BTC. This sharp decrease means that more than 425,000 BTC was moved off exchanges since November. It could also mean that there is a growing preference for long-term holding over active trading among investors. Most of the buying activity has been attributed to public companies , which acquired close to 350,000 BTC during this period. Fidelity pointed out that this trend is expected to gain even more momentum in the near future. The firm’s digital asset subsidiary, which launched in 2018, said that the shift of Bitcoin from exchanges into corporate treasuries is a key signal of maturing institutional adoption. As the issuer of one of the first spot Bitcoin ETFs approved in the US, Fidelity Wise Origin Bitcoin Fund, the firm plays a central role in the growing infrastructure supporting institutional Bitcoin exposure. (Source: X ) The largest buyer by far has been Strategy, the business intelligence firm-turned-Bitcoin holding company founded by Michael Saylor. Since November, Strategy purchased 285,980 BTC. This is 81% of all Bitcoin acquired by publicly listed companies over that timeframe. More recently, the company shared that it added another 6,556 BTC to its holdings. Outside the United States, public firms in Asia are also embracing Bitcoin as a treasury reserve asset. Japan’s Metaplanet now holds 5,000 BTC and plans to double that figure by year’s end, according to CEO Simon Gerovich . In Hong Kong, HK Asia Holdings is looking to raise over $8 million to potentially expand its own Bitcoin reserves. The rapid drawdown of exchange-held Bitcoin, paired with increasing corporate accumulation, proves that there is a major shift in investor behavior. With institutions treating Bitcoin as a strategic reserve and safe-haven asset, the supply available for trading continues to shrink, which could have far-reaching implications for the market’s long-term price dynamics. Italian Town Dedicates Statue to Satoshi It is not just companies that are embracing Bitcoin. The small Italian municipality of Fornelli, located in the Molise region, is set to unveil a monument honoring Satoshi Nakamoto, the pseudonymous creator of Bitcoin. In an announcement that was posted to Facebook on April 23, the local government revealed that the artwork, created by artist Mattia Pannoni, will be officially presented on May 1 in the town’s central Piazza Umberto I. The monument is being financed by the municipality itself. (Source: Facebook ) Fornelli Mayor Giovanni Tedeschi believes it is important to support forward-thinking ideas, particularly those championed by the younger generation. According to the local administration, Fornelli holds the unique distinction of having the highest density of Bitcoin adoption in the world, despite its modest population of just 1,800 residents. The decision to honor Nakamoto was made after a trend seen in other regions that have embraced cryptocurrency to varying degrees, like El Salvador’s Bitcoin Beach and the crypto-friendly Swiss city of Zug. Though the true identity of Nakamoto is still very much a mystery, artists have long attempted to portray the enigmatic figure through faceless sculptures and symbolic depictions. Statue of Satoshi Nakamoto, creator of Bitcoin, unveiled in Lugano In keeping with that tradition, the new monument in Fornelli is expected to reflect Nakamoto’s anonymity, a hallmark of previous artistic tributes in the crypto world.
When Zach Ingrasci and Chris Temple had the idea to make the documentary film Vitalik: An Ethereum Story , they were actually filming another documentary, and over the course of their filmmaking journey, they ended up capturing both a deeper, human look at the world of crypto and an end product that serves as a use case for the future of crypto filmmaking. When crafting a documentary, filmmakers will typically start with a vision of what they’d like to explore, a vision often saddled with a set of assumptions, only to shatter that vision once filming begins, creating an entirely new direction for the project. It’s a creative evolution that filmmakers Zach Ingrasci and Chris Temple also experienced while making the documentary feature This Is Not Financial Advice , during which they realized they had an entirely different film on their hands. “While we were making that film, we wanted to interview Vitalik Buterin,” Ingrasci said to me during a recent interview. “We got connected to him, but as soon as we met him, we were really inspired by his unique form of tech optimism and how he broke stereotypes we’d had of the crypto space. He was a billionaire but very humble, funny, quirky and truly committed to his values of decentralization. That was very inspiring for us — so much so, we thought we should make a piece about Vitalik or about the Ethereum community at large.” Temple and Ingrasci (left to right) while filming their PBS feature “Five Years North.” Source: Optimist But Ingrasci and Temple weren’t crypto-native filmmakers — rather, they were individuals interested in technology and communities using technology in new ways, and Vitalik and Ethereum just happened to check both of those boxes. The human touch in tech Ingrasci and Temple then went out and launched a non-fungible token (NFT) crowdfunding campaign, raising almost $2 million in 50 hours, allowing them to get started quickly in the summer of 2021 during the height of the NFT boom. “It allowed us to own the film without being beholden to any stakeholder, platform or middleman who would otherwise be directing the content of the film,” Temple said. “It was an amazing opportunity to spend over two years following Vitalik — a global nomad — all around the world.” Temple and Ingrasci followed Buterin to Ukraine, Montenegro, Toronto and Colombia, trying to understand the man behind the technology. They even spent time with Buterin’s father and his family members, diving into the history of his family emigrating from Russia to Canada. “We wanted to understand how Vitalik’s upbringing had affected his values,” Temple said. “We spent time talking with folks in the Ethereum community, with Vitalik’s friends and others, trying to paint this deeper picture and understand how the creators of crypto technologies affect the end product. How are they coding their values, blindspots and interests into the end result?” ‘Vitalik: An Ethereum Story’ premiered globally on April 15. Source: Optimist From the beginning, Temple and Ingrasci’s main goal was to create a piece that would be accessible to a mainstream audience, one that could help translate some of the values and interesting things they were seeing in the Ethereum community in a way that a non-crypto native person could understand. But they didn’t really know what that meant or what it would lead to initially since they were following different stories and different people within the Ethereum ecosystem. As they were editing the documentary together, they started testing it with people who knew nothing about crypto, who, as expected, were very confused. “It’s so difficult to create a documentary that’s accessible and entertaining for people who know nothing about the crypto space, but we saw very clearly in the feedback from these early screenings that when people could connect to someone — especially Vitalik, who is so likeable and inspiring — it creates an entry point to then get into these more abstract concepts,” Ingrasci said. “We did not set out to make the film only about Vitalik, and I don’t think the film is only about Vitalik,” Ingrasci told Cointelegraph. “Vitalik is our human hook, our human story about someone who is going to surprise you, break your stereotypes about crypto, and leave you a little more excited than you thought you would be after watching this film.” According to Ingrasci, Buterin’s favorite scenes in the film were when he was drinking tea or making breakfast — being his normal, quirky, funny self. “That’s what makes this film entertaining, watchable and human,” Ingrasci said. “When someone is willing to be natural on camera with us as filmmakers, it creates a much more human story rather than this very intellectual version of Vitalik that we were already very aware of.” Related: Institutions break up with Ethereum but keep ETH on the hook Developing a crypto use case for film During the filming of Vitalik , Buterin’s father talked to the filmmakers about how, growing up, Buterin’s favorite toy was the computer, and his favorite thing was to play with Excel. “When he was seven years old, he actually built a 100-page manifesto that was an imaginary world for bunnies,” Temple said. “It had their financial systems, energy systems and was full of graphs and tables — an amazing creation for a seven-year-old’s mind. I think to so many of the people we shared this with, it helps people connect to the world of Ethereum as a new world being built. If you can imagine Vitalik as a seven-year-old building this whole new imaginary world, that’s what he’s trying to build again with Ethereum.” It’s all part of Buterin’s hope for Ethereum creating real utility in the world, something Ingrasci felt was epitomized when Buterin visited Ukraine. “When he went to Ukraine, he was talking to the vice prime minister, Fedorov, and it quickly became apparent that the banking system at the beginning of the war was in shambles,” Ingrasci said. “Without crypto, thousands of lives in the military would have been lost because crypto was able to get money very quickly to the front lines and was able to mobilize across borders, raising over $130 million for Ukraine to resist this invasion. When Vitalik was there visiting Kyiv during the war, he got to see this thing he helped create being used in this incredibly important way, and that’s where that world-building came into reality. It was an emotional moment to witness just how powerful it was.” In many ways it’s because Buterin is simply a child at play, tapping into his inner youthful creativity, only now with an adult mind and body and the relationships and resources to execute on his ideas. “Vitalik has said he’s a builder and a thinker first and foremost,” Temple said. “An interesting tension for him during filming was how people looked to him to be something more, to be this leader and representative of the entire crypto movement. Throughout the film, he wrestles with how much to use his voice, how much to become a leader and how much to speak out against things he doesn’t always agree with. He eventually does decide to speak out against speculation and say that he doesn’t think Ethereum was designed to trade million-dollar monkeys and that there’s a lot more we can do to fix systems and help people.” It’s a humanizing element of a pedestaled tech founder, epitomizing how at times we all struggle with speaking up on our values — especially when those values are different or run counter to the dynamics of our own social circles and society at large. And that’s the power of Vitalik . The film is not just about crypto; it’s about the human stories that can resonate beyond the immediate environment the film is in — crypto just happens to be the backdrop. Quite a bold story to tell by a couple of “non-native” crypto filmmakers. “We’ve actually used crypto for a lot of elements in the distribution process for this film, which is exciting because the documentary space is broken,” Ingrasci said. “For an independent documentary to happen, it’s just so difficult these days. A lot of streamers have a lot of control over the film you ultimately make, but because we were able to crypto-crowdfund in the beginning on Mirror, we were able to have creative control over the film.” Related: Dark Knight & Superman writer launches AI-powered crypto film universe Ingrasci and Temple executed a movie trailer drop through Zora and an early onchain release of the film this past September on Bonfire, both powered by Web3, which helped raise the funds the duo is currently using to market the documentary to mainstream audiences. “A lot of independent filmmakers have zero marketing budget; there’s very little money in documentaries. But instead [because of our crypto-crowdfunding], we’re able to really make sure the trailer, the message and the film gets out there.” In this way, Ingrasci and Temple have created a sub-narrative around the making of a film using crypto-native tools, providing a real-world use case for other filmmakers on how they, too, might find success by utilizing blockchain platforms for the creation of their own film projects. “I think there’s so much potential for these tools to have a big impact on filmmakers, though we’re still at the beginning,” said Ingrasci. “It’s still difficult to understand, and the complexities are not abstracted away enough. The short initial onchain release of the film — while a testament — was very difficult for people who were not in crypto to access it.” But ultimately, the decentralized theatrical release of the film occurred in 24 countries and 30 cities all around the world, all on the same night. “At the premiere in New York where we were, somebody came up to me and was, like, ‘I feel like I can share this with someone, and they’ll finally understand what I do for a living and why I do it,’” Temple said. “Those kinds of reactions — the ‘I feel seen’ and ‘I feel understood as a technologist’ — as a filmmaker, hearing those reactions from people who are trying to build new systems is the dream.” Ingrasci, producer Jenna Kelly, co-producer Linda Xie, producer Carrie Weprin, and Temple at the premiere in New York. Source: Optimist For Ingrasci and Temple, the dream continues to evolve, with their film now available all around the world on mainstream platforms such as Apple and Prime Video. “If the goal is to be able to make a film you can send to your mom — while she might not understand what Ethereum is, she’ll understand why you’re interested in this thing — so I think we did that,” Ingrasci said. “Vitalik believes technology can be used to make our lives better, especially today when there’s a lot of polarization and cynicism surrounding blockchain tech and questions around if it’s worth it. If we use these technologies in good ways and invest the energy into finding real use cases for them, it can make our lives better, and Vitalik showed us these are questions worth asking.” Magazine: 3 reasons Ethereum could turn a corner: Kain Warwick, X Hall of Flame
The latest report from Glassnode highlights a significant shift in the Bitcoin Short-Term Holder Net Unrealized Profit/Loss (NUPL), which has recently bounced back to a neutral level. This recovery is
World Liberty Financial’s USD1 stablecoin faces regulatory scrutiny in the EU under the Markets in Crypto-Assets (MiCA) framework, highlighting challenges in compliance. As USD1 gains traction with a market cap
Roger Ver, the crypto investor once known as “Bitcoin Jesus,” has handed Roger Stone a check for $600,000 to lobby for him in Washington, after being hit with criminal tax and fraud charges in the United States, according to a report from the New York Times. Stone filed official paperwork last month confirming the payment and his new role, following Ver’s arrest in Spain in 2024. The filings show Stone has been paid since February 2025 to push back against the exact tax rules that landed Ver in trouble. Ver, who gave up his US citizenship in 2014, is accused of hiding crypto assets worth tens of millions of dollars to dodge $48 million in taxes. The Justice Department said Ver was taken into custody last year and faces extradition to the US to stand trial. Prosecutors say Ver didn’t report the real value of his Bitcoin before renouncing his citizenship, a requirement under the exit tax law. Ver launches full campaign to beat the charges In January, Ver released a video claiming he could face over 100 years in prison. He said the charges weren’t just about tax, they were political. In the clip, he directly appealed to President Donald Trump, calling himself a target of the same government forces that have gone after Trump. “If there’s anybody that knows what it’s like to be the victim of lawfare for spreading American ideals, it’s Donald Trump,” Ver said. “They’re doing the exact same thing to me that they’ve done to you.” The video showed footage of Joe Biden and Kamala Harris, tying Ver’s case to Trump’s claims of political persecution. Ver’s team is hitting every angle. He’s got lawyers challenging the exit tax, calling it “inscrutably vague as to their application to crypto.” For decades, I've been terrorized by rogue U.S. government agents who hate American freedom. This is my story: pic.twitter.com/NEetn1b3r4 — Roger Ver (@rogerkver) January 27, 2025 They say the law is unclear and unfair when applied to digital coins. His legal argument is backed by lobbying, PR, and now a powerful connection to Trump’s inner circle. Stone’s filings show that his job includes pushing Congress to eliminate the exit tax and change how crypto is taxed. In his own words, Stone said he’s focused on “ending the exit tax and reform of cryptocurrency tax policy.” He also said in a text message that he has spoken with lawmakers and has “at all times advocated reform of the current laws regarding taxes upon expatriation.” But Stone claimed he hasn’t spoken to Trump or anyone in the executive branch about Ver. “I have not lobbied any official in the executive branch of government including the president regarding his case or a pardon,” Stone reportedly said in a message to the Times. He said his job is to advise Ver’s attorney, not to directly ask for help from Trump. Trump’s crypto ties still raising questions Stone and Ver know exactly who they’re dealing with. Trump has become crypto’s biggest political ally since returning to the White House in 2025. The crypto industry gave millions to support his campaign and his inauguration. And Trump, in return, pulled back government enforcement and helped crypto projects gain ground. Trump’s family is also involved in crypto ventures. His administration has taken steps to boost the industry and stay out of its way. Last month, Trump granted pardons to the three founders of BitMEX, who had pleaded guilty to violations of the Bank Secrecy Act in 2022. The law is meant to stop money laundering, but crypto players argue it’s outdated. Longtime Bitcoin investor Arthur Hayes was among the founders pardoned, as Cryptopolitan reported . Before that, Trump also pardoned a different Bitcoin developer who had been locked up for life over Silk Road, the online marketplace used for drug sales. Now, other convicted crypto figures are hoping for the same treatment. That includes Sam Bankman-Fried, the FTX founder now serving 25 years for fraud. But Ver has become the latest crypto name to rise to the top of that pardon wishlist. In December, Stone’s personal website published an essay from an activist titled “Why Roger Ver deserves a presidential pardon.” Stone has been close to Trump for decades, and Trump pardoned him in 2021 after Stone was convicted of lying to Congress during the Russia investigation. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now