Bitcoin returned to breakout territory on Tuesday as Ran Neuner said $300M in shorts, negative funding and spot demand could drive a squeeze to $78K.
Spot strength vs institutional weakness creates a fragile Bitcoin market structure.
Bitcoin is testing breakout levels amid geopolitical tensions and macro uncertainty, as price action builds pressure at key resistance. Market pressure from energy spikes and shifting sentiment has yet to trigger a decisive move, with Wintermute pointing to unresolved structural risks. Key Takeaways: Bitcoin approaches breakout as Wintermute flags macro risks still unresolved.
Spot Bitcoin ETFs in the U.S. recorded $291 million in outflows on Monday, the largest single-day figure since March 27. Fidelity Wise Origin Bitcoin Fund led withdrawals with $229 million, while BlackRock extended its positive streak to four consecutive days of inflows.
Tether has launched tether.wallet, a self-custodial crypto wallet supporting USDT, bitcoin, and tokenized gold.
Bitcoin (CRYPTO: BTC) has broken above the descending channel that defined the bear trend, yet U.S. spot ETFs bled $291.11 million on April 13 as institutions pull back. BTC's Technical Breakout Bitcoin now tests the 100 EMA at $75,275—the first major EMA test since the breakdown began.
Bitcoin reached $75,000, its highest level since March 17, after gaining more than $4,000 in 24 hours as renewed optimism around possible US-Iran talks lifted sentiment. Roughly $200 million in short positions could face liquidation pressure if BTC clears $75,500, creating the potential for a mechanically driven breakout higher.
The BlackRock-to-Coinbase Prime headline needs to be narrowed: accessible English-language reporting confirms BlackRock ETF-linked Bitcoin (BTC) and Ethereum (ETH) transfers into Coinbase Prime, but not the specific figures in the supplied headline.
Bitcoin hovers near $50,000 on Friday, with analysts suggesting it may be the last major buying opportunity. LVRG Research director Nick Ruck identifies this level as crucial for accumulation before any potential rebound.
The next Bitcoin (BTC) halving is slowly approaching, with the event now roughly halfway into its current cycle.
Bitcoin Rebounds Above $74,000 Despite Middle East Tensions
Cryptocurrency prediction markets project that Bitcoin (BTC) is likely to end April trading above the $70,000 level, following weeks of consolidation below it.