According to BlockBeats, on April 25th, CryptoQuant analyst Maartunn announced that short-term holders (STH) have transferred 47428 bitcoins to the trading platform within the past 24 hours, marking the largest profit taking scale in weeks.
According to Bitcoin.com, Anna Katamadze, Deputy Governor of the Russian Central Bank, announced that the digital ruble payment network is scheduled to be launched in 2026, allowing citizens to use the digital currency for payments through the central bank platform wallet. This schedule is earlier than the industry's previous estimate of 2027. The progress of technical testing shows that currently 15 banks, 1700 citizens, and about 30 enterprises have participated in the pilot program. Although the original deployment plan was postponed in March, the then central bank governor Nabiullina emphasized that the delay was not related to the progress of the pilot program. It is worth noting that the Russian government has started to incorporate the digital ruble into the budget payment and subsidy distribution system to enhance the transparency of fund circulation.
Bitcoin Cash (BCH) joined Sui (SUI) as a top performer, rising 7.1%.
The medical device maker now holds a total of 3,303 bitcoin.
According to The Block, the Bitcoin options market is showing significant bullish sentiment, with BTC prices stabilizing at $94500 after 76709 options contracts with a nominal value of $7.2 billion expired, up 2% from the previous day's low. The data shows that the number of bullish contracts (43917) far exceeds that of bearish contracts (32793), with a bearish/bullish ratio of 0.73 and the biggest pain point at $86000. Market analysis indicates that bullish contracts are mainly concentrated at exercise prices of $95000 and $100000, reflecting investors' optimistic expectations for the medium to long term trend. Bitfinex analysts say that as the resistance range of $90000 breaks through, the market is shifting its focus towards higher prices, with significant open interest accumulating at exercise prices of $95000 and $100000 for contracts expiring in late April and May. Deribit data shows that traders are extending their positions to contracts expiring on May 30th and June 27th. Analysts believe that the accelerated inflow of funds into spot Bitcoin ETFs this week will be a key factor supporting the price to remain above $90000. Despite short-term fluctuations, the market generally expects Bitcoin to maintain an upward trend in the second quarter of 2025. Whale CryptoQuant monitoring shows that centralized exchanges have experienced the largest BTC withdrawal wave since 2023, with a 100 day moving average withdrawal volume reaching a two-year high. Analysts believe this marks the market entering a re accumulation phase. Glassnode data supports this trend, with its "Accumulated Trend Score" indicating that the buying intensity of large entities has rebounded to the level of December 2024 to January 2025. This indicator tracking shows that in the recent price increase, "whales continue to increase their holdings", effectively buffering the potential volatility caused by option expiration. The implied volatility of Bitcoin slightly decreased on April 25th, reflecting an increased market expectation for price stability.
Click on the link to enter the live stream: https://meeting.tencent.com/p/7890471408 (Note: Tencent Meeting APP needs to be downloaded) Can 88000 be copied? Recently, the Bitcoin market has been going crazy, with trends like a roller coaster, and investors' hearts are hanging in suspense. Today, from a technical analysis perspective, let's talk about Bitcoin's weekly mid track pressure, four hour double tops, and whether $88000 is a good time to buy at the bottom. First, let's take a look at the weekly chart. When the Bitcoin price hits the middle of the Bollinger Bands, it's like hitting a southern wall and turning around to fall back. This middle track is not just a decoration, it is an important indicator for measuring the mid-term trend of prices, just like the "central axis" of the market. Looking back at history, the weekly mid track has repeatedly become a strong resistance level. Every time the price rises to this point, the early lock up and profit taking sectors seem to have agreed upon it, selling wildly and smashing the price down fiercely. Moreover, the resonance between the weekly mid track and the medium to long term moving average further strengthens the resistance effect. Simply put, the average holding cost for everyone is here. As soon as the price arrives, there will be more sellers and a lot of pressure! Looking at the four hour level again, Bitcoin has emerged from its classic double top (M-head) pattern, which is an important signal of a short-term peak. After hitting the high point twice, the price fell back and formed two almost high tops. The neckline level (about $92000) was effectively breached, and the double top pattern was confirmed. When the second top is formed, the trading volume significantly shrinks, indicating that the bulls have lost their strength and the bears are beginning to take control of the situation. According to the technical calculation of the double top shape, the lower support level may be around $88000. So, is $88000 really a good time to buy at the bottom? From the perspective of technical support, there is some truth to it. Based on the recent uptrend of Bitcoin, $88000 corresponds precisely to the Fibonacci 61.8% retracement level, which is an important support point and considered a key position for the continuation of the trend. At the same time, the $88000 region has formed resonance support with key daily moving averages (such as the 200 day moving average) and previous intensive trading areas, accumulating a large amount of buying power and strong carrying capacity. Moreover, the 4-hour RSI indicator has entered the oversold range (below 30), indicating an excessive release of short-term price decline momentum and a demand for technical rebound. However, bottom fishing is not something to do with closed eyes, risks must be constantly monitored. The macroeconomic environment is like an invisible hand, with the Federal Reserve's monetary policy, global inflation data, and other factors potentially causing market fluctuations and weakening technical support. The trading volume is also crucial. If the trading volume does not significantly increase when the price drops to $88000, the support may fail, and we need to be vigilant about further declines. So, it is necessary to set a stop loss level. It is recommended to set a reasonable stop loss level below $88000 (such as $87000). Once the price effectively falls below, it is important to leave quickly to preserve the principal. The Bitcoin market presents a dual pressure of weekly mid track suppression and four hour double tops, but $88000, as the Fibonacci retracement level, daily support, and technical oversold area resonance point, does have a high buying value. But technical analysis is only a reference. Investment also needs to be combined with the macro environment, risk preferences, and fund management strategies to develop a scientific trading plan, in order to seize opportunities and control risks in this tempting and risky cryptocurrency market. Follow me for real-time tracking of market trends, in-depth analysis of market trends, and grasping every key node! How can I get there specifically? Teacher Zhao Yun, who has 9 years of practical trading experience in the cryptocurrency industry, will provide a detailed breakdown for everyone. Welcome to the live broadcast room to check in! Join the Three Kingdoms College Exchange Group to receive more services: 1. Real time troubleshooting (online one-on-one question answering and sorting) 2. Professional technical analysis and theoretical learning 3. Construction and improvement of trading system 4. Live streaming courses every day, contract termination, real-time order making, to help you successfully land! Official QQ group: 579358784 Tencent Meeting ID: 789-047-1408 The live broadcast room will be broken down in detail. Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent AICoin's position or viewpoint and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AICoin, and the consequences shall be borne by oneself.
