Category: News

Bitcoin Bulls Rebuild As Futures Metric Hits 4-Month High

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Bitcoin’s derivatives market is showing signs of a fresh bullish rebuild, according to a new morning brief from on-chain analyst Axel Adler Jr., who said a rising Bitcoin Positioning Index alongside a sharp increase in futures open interest points to new risk-taking rather than a short-covering bounce. For traders watching whether the recent recovery has structural backing, that distinction matters. In Adler’s framework, the key signal is the 30-day moving average of the Bitcoin Positioning Index, which has climbed to 4.5, its highest reading in four months. The daily index…

New York, Illinois Ban Officials From Prediction Markets

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New York Governor Kathy Hochul has signed an executive order banning state employees from betting on prediction markets, following a similar move by Illinois earlier this week. “Getting rich by betting on inside information is corruption, plain and simple,” Hochul said on Wednesday, adding: “Our actions will ensure that public servants work for the people they represent, not their own personal enrichment.” Hochul also slammed the Trump administration and congressional Republicans for allowing an “ethical Wild West” to take hold around prediction markets without implementing any “meaningful ethical standards” to…

Another $142M Staked – Bitmine Tightens Its Grip on Ethereum Supply

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Ethereum is consolidating just below $2,400, holding in a range that has defined its price action for the past several sessions as the market waits for a catalyst to determine the next directional move. The chart looks patient. The on-chain data is anything but. Related Reading Data from Arkham Intelligence reveals that Bitmine staked another 61,232 ETH — approximately $142 million — just hours ago. Bitmine is not accumulating speculatively and waiting. It is locking its treasury into the network at a pace that has become one of the most…

Adam Back Addresses Satoshi Nakamoto Rumors at LONGITUDE Paris

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Blockstream CEO Adam Back, the British cryptographer and inventor of Hashcash, said it’s “flattering” that people think he’s Satoshi Nakamoto and was probably the result of his being a little too “talkative” on the cypherpunk mailing list that started it all.  Back was speaking in a fireside chat with Cointelegraph at the recent LONGITUDE event in Paris, co-hosted by crypto exchange OKX, with discussions centered on crypto regulation, market structure and the growth of stablecoins. Adam Back denies renewed suggestions that he invented Bitcoin “It is flattering in some sense…

Grayscale Hints at Bull Market Setup as Bitcoin Holds Critical Breakeven Level

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Key Takeaways: Grayscale signaled bitcoin may have bottomed as buyers return to breakeven levels. Markets show cost basis alignment, reinforcing a more stable bitcoin structure. Grayscale’s head of research says further gains could confirm early stages of a new bull cycle. Bitcoin Breakeven Levels Point to Stronger Positioning Digital asset manager Grayscale signaled a potential turning point in bitcoin markets on April 21, citing on-chain data that may indicate a durable bottom. The firm pointed to strengthening price performance and improved investor positioning as early signs of a shift toward…

Bitcoin Futures Data Show Traders Positioning For Rally Above $80K

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Bitcoin (BTC) reached a monthly high of $79,472 on Wednesday, marking its strongest 28-day return since April 2025. The rally aligns with a shift in a market positioning metric and a surge in leverage use.  A combined view of the market positioning metric and open interest shows new positions are being added, potentially influencing BTC’s push toward new highs. BTC positioning builds with rising leverage Bitcoin researcher Axel Adler Jr. said that the Bitcoin positioning index has turned higher, with its 30-day average rising to 4.5 from -10.9 in February.…

Discover What Happens When US Whales Are Long

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Ethereum is pushing back toward $2,400 as the market finds its footing after weeks of uncertainty, with buyers gradually reasserting control and the price beginning to build momentum from the consolidation range. The move higher is drawing attention — and a CryptoQuant analyst has identified a signal in the demand data that suggests the current strength may have more institutional backing than the price chart alone reveals. Related Reading The Coinbase Premium Index measures the price difference between Ethereum on Coinbase and Ethereum on Binance. When ETH trades at a…

Bitcoin Hits 11-Week High Above $78K

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Bitcoin climbed above $78,000 on April 22, reaching its highest price in 11 weeks, as a wave of short liquidations and improved macro sentiment following Trump’s ceasefire extension combined to push the asset to a key technical level that had resisted multiple breakout attempts. Summary Bitcoin broke above $78,000 on April 22 for the first time in 11 weeks, with CoinGlass data showing approximately $180 million in short liquidations clustered above the level. The move coincided with improved risk sentiment after Trump extended the Iran ceasefire, alongside a broader altcoin…

A Hair Dryer May Have Gamed a Paris Weather Sensor for $34,000 on Polymarket – Bitcoin News

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Key Takeaways: Météo France filed a complaint with Roissy airport gendarmerie after two CDG sensor anomalies on April 6 and April 15 aligned with Polymarket payouts totaling roughly $34,000. Meteorologist Paul Marquis of E-Meteo Service ruled out natural causes, concluding physical intervention with a heat device was the most probable explanation. Polymarket switched its Paris temperature resolution source to Le Bourget Airport on April 19, though no arrests have been made at the time of publication. French Meteorological Service Files Complaint After Paris Airport Sensor Data Aligns With Polymarket Payouts…

Bitcoin, XRP Need Relief From Capital Drain: John Bollinger

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John Bollinger, the creator of Bollinger Bands, used a sharply worded post on X on April 21 to argue that Bitcoin, XRP and the broader crypto market need a break from what he sees as capital being pulled out of the sector by Washington. Bollinger did not cite a dataset or name a specific policy move, but his reference to the “current administration” landed in a market already primed to read that as a swipe at President Donald Trump’s orbit and the crypto ventures tied to it. “Can’t help but…