BTC breaks through the $95500 mark

Binance BNB/USDT is currently trading at $600.40, with a 24-hour increase of 0.07%. Please pay attention to market fluctuations.

BlockBeats news, on April 28th, Glassnode released the latest update on Bitcoin supply trends, stating that first-time buyers and momentum buyers continue to show strong engagement, while the activity of profit taking participants remains at a moderate level. This is a positive signal indicating that demand from new entrants and trend followers remains strong and there is no significant selling pressure, which helps to support the sustainability of the recent uptrend. At the same time, in terms of Ethereum, there has been a significant rebound in first-time buyers since February, and the activity of kinetic buyers has also been increasing in the past 7 days. However, the activity of profit taking investors is also increasing, which provides background information for the recent slowdown in ETH price recovery.

According to BlockBeats, on April 28th, JPMorgan Chase (JPM) stated that its best estimate is that the stablecoin market is expected to grow to $500 billion to $750 billion in the coming years. Assuming that 70% of them are allocated to US treasury bond and 30% to treasury bond repurchase agreements, the issuer of stable currency will become the third largest buyer of US treasury bond.

Clara Tsao, founding officer of the Web3 storage pioneer, is a speaker with the AI Summit at Consensus 2025.

According to Lookonchain statistics, 10 Bitcoin ETFs had a net inflow of 4201 BTC (approximately 397 million US dollars) today, with iShares having a net inflow of 2523 BTC per day and holding a total of 588687 BTC. Nine Ethereum ETFs had a net inflow of 59538 ETH (approximately $107 million) during the same period, while iShares had a net inflow of 30272 ETH, with a current holding of 1215231 ETH.