Tag: Bullish rally

Crypto Market Capital Inflows Surges $13.5 Billion in 10 Days

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The crypto market capital inflows have soared from 1.5 billion to $15 billion between April 19 and april 29 signalling new investor optitmism.

 

Global markets are flashing signs of economic recovery and stability driven by cooling trade war tensions. As a result, economic policies by national governments across the globe are providing liquidity in the market. The global liquidity index is projected to rise in the coming months. Historically, the crypto market tends to rise as investors consider risky and rewarding assets in their portfolio.

Recent data by Glassnode has revealed a major shift in the crypto market capital inflows. According to the on-chain data, the market capital inflows surged from 1.5 billion from  April 19 to April 29. Such a sharp spike in capital inflow signals heightened investor optimism towards digital assets.

Source X

 

The net position change for BTC and ETH has increased, signaling an accumulation phase among investors. Stablecoins have gained substantial inflows, suggesting fresh liquidity in the market, awaiting deployment in digital assets. The market could be gearing up for new highs and a significant comeback.

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Hyperliquid Attempts Breakout above $19-Will the Bulls Push Through?

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HYPE has surged 8% in price, with a high trading volume, while testing a key resistance zone. This suggests potential accumulation amid an upcoming ecosystem fee discount.

 

Hyperliquid, the rising decentralized finance ecosystem, has made a major announcement regarding the future of crypto trading on its network. The ecosystem announced plans to launch a new fee discount on May 5. Following this news, traders have shown optimism and are potentially accumulating the coin in anticipation of more gains.

The daily chart shows HYPE has bounced off a key support zone twice, indicating a price reversal. The coin’s bullish momentum has strengthened, and it is testing the $19 key resistance zone as the bulls step in cautiously.

 

Source: CoinMarketCap

 

According to renowned crypto analyst, Solberg Invest, a confirmed breakout above the $19 key resistance zone could see HYPE rally to $36 in the mid-term. Following the recent discount announcement, HYPE could break this zone and begin its rally.

With the MACD (12,26) and moving averages suggesting a “strong buy”, Hyperliquid is geared up for a rally. Traders are closely monitoring HYPE at the $19 resistance zone for further insights.

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Ethereum Weekly Active Adresses Hits a New All-time High-Impact on ETH?

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The Ethereum ecosystem has hit a new all-time high of 15.4 million in weekly active addresses. What does this mean for ETH?

 

Ethereum network has seen a 62.7% surge in network activity over the past 7 days, suggesting heightened market participation. According to on-chain data, the ecosystem has hit 15.4 million active addresses as its layer 2 solutions signal dominance. With layer 2s showing a 6.65 times higher usage, Ethereum’s scalability could be on the process.

 

Source:X

 

What does this mean for ETH?

Ethereum has surged 2.93%  with a 12.86% increase in trading volume over the past 24 hours. In the past 7 days, ETH has gained nearly 7% in price uptrend signalling renewed investor interest. The long-short ratio stands at 1.0268 per Coinglass data, as of press time.

The King of altcoins is currently fluctuating around $1821, per CoinMarketCap. With a spike in Open Interest (OI) funding rate in the past 24 hours, Ethereum could be eyeing a breakout above $ 2000 in the next few days.

 

 

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Bitcoin Miner Reserve Hit Lowest Levels as Miners Capitalize on Surging Price

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Bitcoin miners are capitalizing on BTC’s surging prices and have sold 943 BTC, reducing reserves to the lowest levels in 15 years.

 

As the Bitcoin price surges towards the psychological $100K, miners have taken advantage of the price increase to pocket profits. A look into the on-chain metrics reveals that miners have been capitalizing on BTC’s price rally, selling around 943 Bitcoins.

They have pocketed approximately $850 million between April 15 and April 28. The sell-off came during Bitcoin’s price rally from $84,000 to around $94,570.

 

Source: X

 

As a result of this capitalization, Bitcoin reserves have declined from approximately 1.8083 to 1.8081 million BTC in this period. This is the lowest since February 2010, 15 years ago.

Why are Miners Selling BTC?

Miners face pressure from increased operational costs that could trigger financial instabilities. The trade tariff war in April hit miners hard as equipment prices surged. Additionally, reduced block rewards post the Bitcoin halving event meant decreased income.

However, the rising institutional demand for BTC is absorbing the miner supply, and BTC’s rally remains unaffected by the sell-offs.

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XRP Gains Bullish Momentum Eyeing $5 amid Price Breakout

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XRP has broken out of a major pattern with a high trading volume. Is a bullish rally on the horizon?

 

XRP has caught the market’s attention following a 69.42%  increase in its 24-hour trading volume amid a major breakout. According to CoinMarketCap‘s data, the coin is trading at $2.29 and has surged nearly 3% with a rising open interest (+6.6%), at press time.

This comes after weeks of price consolidation inside a falling wedge pattern, making lower highs and lower lows.

 

Source: X

 

Looking at the chart on a higher timeframe (3-day), the XRP price is consolidating above its descending trendline in this pattern formation. With a positive Open Interest (OI) Weighted funding rate, XRP  bulls are gathering strength.

Technical analysis by crypto analyst Captain Faibik has revealed $5 as XRP’s next target following this breakout. With the long-short ratio standing at 2.09, the bulls dominate the market, and XRP’s rally could be due in the next few days.

 

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U.S Investors Regain Confidence-A Sign of Thin BTC Resistance Ahead?

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Coinbase Premium remains in a positive territory, signalling heightened investor confidence in Bitcoin’s price uptrend in the following months. 

 

Bitcoin momentum is in favour of the bulls as confidence rises among both large and retail investors. A recent market observation by Cryptoquant has revealed a shift in the market sentiment among U.S investors. According to the data, the recent BTC price reversal and uptrend have boosted investor conviction, thus increasing Bitcoin’s demand in the U.S.

The data explores the Coinbase premium Gap, a measure of the price gap between Coinbase and global exchanges. The Coinbase premium remains positive as of today, suggesting large-scale or institutional interest in BTC in the U.S market.

 

Source: Cryptoquant

 

A sign of thin BTC resistance ahead?

As U.S demand for BTC rises,  the bulls gain strong momentum to break past the previous key resistance levels. Additionally, price uptrend could induce liquidations, fear of missing out (FOMO), and short squeezes, thus fuelling the price to rise higher. With BTC’s momentum gaining strength, the resistance ahead could become thin and negligible.

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ONDO Surges 21% amid THIS Breakout-Is $1.2 Next on the Cards?

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ONDO has broken out of its downtrend to rally behind other recovering altcoins with a 25% price surge as the market sentiment shifts.

 

Ondo Finance, the U.S.-based provider of decentralized finance investment, has seen renewed market interest following a price reversal after months of downtrend. ONDO has gained 21% in price with a 70% surge in 24-hour trading volume. Per CoinGlass data, the coin’s open interest rose 19.92 % amid a positive Open Interest (OI) Weighted Funding Rate.

Looking at the 1-day chart, ONDO’s price has been consolidating inside a descending triangle pattern. On its descending trendline, a breakout above the $0.82 zone has seen ONDO rally towards the $1.0 resistance zone.

 

Source: CoinMarketCap

 

According to  Yovel Crypto Money on CoinMarketCap, despite the price consolidation at the $0.97 zone and momentum exhaustion, ONDO is eyeing the $1.0704 while targeting the $ 1.2 in the mid-term.

As the bulls step in, a high buying pressure could see the coin rally past the psychological $1.0 mark towards $1.2 and beyond. Traders are monitoring the price at the current price for further insights.

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Ethereum On-Chain Activity Surges Nearly 10% in 48 Hours

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Ethereum active addresses have jumped from 306,211 to 336,366, a 9.85% surge in the past 48 hours. Is this a sign of renewed investor interest?

 

Ethereum has seen its price fall to a 2-year low as of April 2025. In the past week, Scoopist noted that the king of altcoins was hitting the oversold zone as prices plunged.

Cryptoquant data has revealed a surge in Ethereum’s active addresses, signalling market activity. According to the on-chain metrics, ETH’s active addresses jumped from 306,211 to 336,366 in the past 48 hours, reflecting a nearly 10% increase.

 

Source: Cryptoquant

 

What does this mean for ETH?

ETH has surged notably amid the rising on-chain activity, hitting the $1800 mark. A sudden rise in active addresses could signal more than just renewed investor interest. This could be a sign of whales buying the dip, considering ETH was oversold.

Despite the current price volatility, this could suggest Ethereum’s rebound is imminent as the bulls take charge. Traders are closely watching the coins’ on-chain activity to determine their next moves.

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Bitcoin’s Path to $100K-Here is What You Should Know

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Bitcoin is flashing signs of momentum strength amid rising institutional and retail demand. With the psychological $100k mark on the cards, what can you expect?

 

Bitcoin’s path to $100,000 is not just a psychological relief or symbolic milestone for crypto enthusiasts, but also a minefield for BTC’s short sellers. Recent Coinglass data has revealed a key liquidation pool lying ahead as bulls rally for the $100k mark.

 

According to the data, if Bitcoin rallies to reclaim this six-figure mark,  short positions worth $1.76 billion across exchanges like OKX and Bybit will be instantly wiped. A breakout above this level could ignite further liquidations of over-leveraged bearish positions.

 

Source: Coinglass

 

The exchanges mentioned above hold significant bearish trades around this level, and a brutal short squeeze could result as bears seek cover. With high buying pressure from them, this could fuel BTC’s price even higher to a new all-time high. Traders are closely watching the $100 mark in anticipation of volatility fireworks.

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Bitcoin ETFs Receive Largest One-Day Inflow in 3 months

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Bitcoin ETFs have recorded their biggest single-day inflow in the past 3 months with a $381 million boost.

 

Bitcoin ETFs have become popular among traditional investment corporations following favourable crypto policies. Institutional interest is rising, as evidenced by a $381 million ETF inflow in the past 24 hours.  According to The Bitcoin Historian : 

 

BITCOIN ETFs SEE $381 MILLION IN INFLOWS – THE BIGGEST 1 DAY SURGE IN 3 MONTHS. BULLISH.

 

The market sentiment towards Bitcoin reserves has shifted in Q1 2025.  Many top government officials have started advocating for BTC reserves as hedges against economic uncertainties and wars. Similarly, global companies’ executives are eyeing BTC for their investment portfolio. The media is also changing its stance on crypto.

Belarus State TV highlighted that the nation’s energy production should be converted to BTC if the country is unable to store it. This indicates a shift in the mainstream media that was once against cryptocurrencies. The market could expect capital inflow as BTC eyes the psychological $100k mark in the next few weeks.

 

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