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Here are Bitcoin’s next potential targets (according to some prominent analysts).
Share link:In this post: Solana’s daily non-vote transactions have surged to 50 million, indicating growing activity in DeFi, gaming, and other DApps. Active addresses on Solana have reached 2 million daily and 60 million monthly, showing increasing user adoption. Despite a drop in SOL derivatives trading volume, long/short ratios indicate a bullish sentiment among traders.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the
Share link:In this post: MakerDAO is investing $1 billion in tokenized U.S. Treasury products through an open competition involving BlackRock’s BUIDL, Superstate, and Ondo Finance. A $1.35 million audit contest hosted by Sherlock Platform is also announced by the crypto lender, planning to identify security vulnerabilities as part of their Endgame phase.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided
- 16:51Should Bitcoin exceed $96,000, the cumulative short liquidation intensity across major CEXs will reach $1.143 billionOn April 29, according to Coinglass data, if Bitcoin exceeds $96,000, the cumulative short liquidation intensity across major CEXs will reach $1.143 billion. Conversely, if Bitcoin falls below $94,000, the cumulative long liquidation intensity across major CEXs will reach $659 million. Note: The liquidation chart does not display the exact number of contracts pending liquidation or the exact value of liquidated contracts. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to adjacent clusters, i.e., the intensity. Therefore, the liquidation chart illustrates the extent to which a subject price reaching a certain level will be affected. A higher "liquidation bar" indicates a stronger reaction due to liquidity surges when the price reaches that point.
- 16:27Trader Eugene: Negative News Has Limited Impact on BTC, Market Structure Remains SolidTrader Eugene stated in his community that despite a series of negative news affecting the market recently, including uncertainty in tariff negotiations, MicroStrategy (MSTR)'s decreased purchasing power of BTC, and escalating military tensions between India and Pakistan, BTC's price remains stable at a high of $95,000. This suggests that the structural shift in the market remains solid, and pullbacks are seen as buying opportunities. The trader emphasized that apart from mainstream cryptocurrencies, he is currently most optimistic about SOL and XRP. Overall, market sentiment is uneasy, but it is essential to go with the trend.
- 16:14Analysis: As Bitcoin Rises, "Speculative Funds" Return to the MarketOn April 29, Cointelegraph reported that as Bitcoin rises, short-term Bitcoin holders (STHs) are returning to the market, marking the entry of "speculative capital." Glassnode indicates a surge in Bitcoin "hot capital." As BTC prices hover at multi-month highs, new investors are entering the market. Glassnode noted that the amount of Bitcoin transferred in the past week has reached its highest level since early February. This metric reflects the activity of short-term holders and serves as a reference for measuring the entry of speculative capital into the market. Over the past week alone, "hot capital" has grown by more than 90%, approaching $40 billion. Since the local low at the end of March, "hot capital" has cumulatively increased by $21.5 billion, highlighting changes in market sentiment due to this "surge in capital turnover."