A mid-term approach to price modelling Bitcoin is something entirely new, something never before observed. Because of this, many of the trusted tools in our financial toolkits might simply not do a very good job of modelling its performance, and it’s causing apprehension among analysts who are used to deploying certain modelling tools to make sense of asset pricing.

The market shows BTC has fallen below $62,000, now reported at $61,950, with a daily decline of 6.75%. The market is volatile, please be prepared for risk control.

According to Coinglass data, the nominal value of open BTC option positions on the entire network is $21.03 billion, and the nominal value of open ETH option positions is $9.35 billion.

Matrixport expressed that some people believe the market may be on the verge of a rise in altcoins. Despite the significant increase in some meme coins and altcoins, based on the market share of Bitcoin, this bull market may still be in its early stages, indicating relatively limited growth in other cryptocurrencies and an increasing market share for Bitcoin.

A person who mined Bitcoin early on moved 50 BTC, worth over $3 million, after 14 years of not touching them. The transfer included sending some of the Bitcoin to the Coinbase exchange. This is one of the few instances of Bitcoin from the "Satoshi era" being moved, with other significant transfers happening in 2023. The miner received the Bitcoin as a reward in April 2010, during the period when Bitcoin's creator, Satoshi Nakamoto, was active on online forums.

Bitcoin scores an accidental multi-year high as BTC price volatility sends altcoins shooting lower.

Lookonchain monitoring shows that after the market decline, the whale address starting with 1L7gnfB once again withdrew 598 BTC (approximately $37.78 million) from Binance. Since the BTC price began to decline from its peak on March 14th, the whale has withdrawn a total of 10,158 BTC (approximately $680.83 million) from Binance, with an average price of $67,026.

According to Coinglass data, the current balance of Bitcoin wallet on Binance is 542,309.97 coins, ranking first in CEX; 133.76 coins flowed out in the past 24 hours, 8542.66 coins flowed in the past 7 days, and 2094.72 coins flowed out in the past 30 days.

Coinglass data shows that the nominal value of open positions for BTC options on the entire network is 20.61 billion US dollars, and the nominal value of open positions for ETH options is 8.61 billion US dollars.

10x Research has released an analysis article pointing out that as Bitcoin mining companies prepare to sell most of their Bitcoin inventory, the cryptocurrency market may face significant challenges during the six-month summer calm period. These inventories were carefully built over the past few months and may disrupt market dynamics. The analysis points out that after the halving, Bitcoin miners may liquidate BTC worth $5 billion, and the suspense of this sell-off may last for four to six months, which explains why Bitcoin may consolidate in the coming months.

Since 2024, the Bitcoin ecosystem has witnessed a large influx of capital into startups. According to Crypto-fundraise.info data, in the past few months, a total of 43 projects centered around Bitcoin have raised a total of $127.19 million in financing.

US Senator Marsha Blackburn answered some questions about Bitcoin at a Bitcoin policy summit on Tuesday. The senator was asked what attracted her to Bitcoin, given her background in advocating for consumer rights and privacy. Marsha Blackburn replied, "Bitcoin has many attractive features for me. Firstly, when you talk about freedom and privacy, Bitcoin allows individuals to enjoy these. In addition, Bitcoin's decentralized nature, without government intervention, is also important for people." Currently, one of the hot issues on Capitol Hill is raising credit card fees. People are beginning to pay attention to how expensive it is to use credit cards. Therefore, this provides them with another option, which relieves them of the burden of paying heavy card fees. The senator pointed out that she has "been committed to consumer rights and consumer protection issues for many years," and emphasized that Bitcoin "is a very good and reliable choice." As we move forward, people are becoming more and more familiar with Bitcoin, and more and more accustomed to using it. There will be more transactions accepting Bitcoin as a payment method in daily life. Bitcoin is a reliable choice for protecting consumer rights and consumers.

According to market data, Bitcoin has risen above $69,000, currently trading at $69,003.52, with intraday losses narrowing to 3.12%. The market is volatile, so please be prepared for risk control.

The Bitcoin block reward is forecast to halve on April 20th. This is seen as a bullish catalyst for crypto markets. I agree that it will pump prices in the medium term; however, the price action directly before and after could be negative. The narrative of the halving being positive for crypto prices is well entrenched. When most market participants agree on a certain outcome, the opposite usually occurs. That is why I believe Bitcoin and crypto prices in general will slump around the halving.

Messari has released its Q1 2024 Bitcoin State of the Market report, which shows that BTC's price has increased by 69% to $71,310 compared to the previous quarter, reaching a new historical high in April as the new halving cycle approaches. The success of spot BTC ETFs is a driving factor in the price trend, with over $12 billion in inflows in the first quarter. Spot BTC ETFs currently hold 831,000 BTC, or $59 billion. Transaction fees and costs have decreased by 40% and 60% respectively. However, NFT exchanges still have daily sales of over $10 million. The April halving will bring the launch of the Runes token protocol and Epicsat. Miner income (in USD) has increased by 34% compared to the previous quarter, and miners are exploring glyphs and MEV as additional sources of income. Some miners have already conducted bulk sales to meet the needs of Ordinals builders. The TVL of programmable Bitcoin layers has increased by 127% compared to the previous quarter. Dozens of new layers are being built to expand Bitcoin and increase its programmability, with many layers exploring BitVM-based bridging and state verification.

Bitcoin ecosystem GameFi platform Bitcoin Cats announced the launch of an upgraded $1CAT staking and points system. Users can earn points by staking 1CAT assets, which will determine eligibility for future airdrops. After staking 1CAT assets, users will gradually accumulate points in five stages: 24 hours, 7 days, 30 days, 90 days, and 360 days, each corresponding to a different points multiplier.

QCP Capital, a crypto market maker, stated in their latest market report that despite limited fluctuations in Bitcoin prices over the past week, market sentiment is turning bullish on Bitcoin due to the following five reasons:

BTIG analysts say that due to a large bet on Bitcoin, MicroStrategy Inc.'s stock price has soared by 150%. With the surge in cryptocurrency, there is further room for MicroStrategy Inc.'s stock price to rise. Analyst Andrew Harte raised his target price to $1,800 on Friday, which means the stock could rise at least another 10% from recent trading.

1.Mystiko.Network Community Sale Completed, Total $11.25 Million in XZK Sold2.Solana Co-founder Responds to the Sharp Increase in Transaction Failure Rates: Patch Coming Soon3.Ethena USDe market value exceeds 2 billion US dollars, setting a new record4.Du Jun, Executive Director and CEO of Xinhuo & Founder of ABCDE: Xinhuo Technology and ABCDE will invest 100 million US dollars to support blockchain companies that promote social development 5.QCP Capital: Bitcoin is expected to return to $70,000 this week, while Ethereum continues to be weak6.bitSmiley Labs officially launches its independent ecosystem plan, bitUniverse, and reveals its OG pass bitDisc-Black Upgraded Priviledges 7.Avalanche Foundation launches ice-breaking plan, focusing on LST track in the first phase and funding 500,000 AVAX 8.SuperRare Expands into Bitcoin Ordinals with Killer Acid's Psychedelic Art Collection 9.A dormant whale address for 8 months deposited 1,100 BTC into Binance10.Meme exchange DerpDEX.com completes multi-million dollar strategic investment, with participation from ABO Digital and others

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