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Bitcoin ETFs End Inflow Streak as BTC Slips Below $77K

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Bitcoin ETFs End Inflow Streak as BTC Slips Below $77K

US-listed spot Bitcoin exchange-traded funds posted their first net outflows in nine sessions as BTC slipped below $77,000 on Monday.

Bitcoin ETFs saw $263 million in net outflows on Monday, marking the first outflows since mid-April, according to SoSoValue data.

The losses came after spot ETFs drew $2.1 billion in inflows since April 13 as BTC rose about 10% over the period, according to CoinGecko.

Daily spot Bitcoin ETF inflows from April 13, 2026. Source: SoSoValue

Alongside Bitcoin’s run, the Crypto Fear & Greed Sentiment Index on Monday moved into “Neutral” territory for the first time in three months, clocking a score of 47. However, the index flipped back to “Fear” on Tuesday as BTC failed to extend its rally above $80,000.

Fidelity’s Bitcoin ETF leads outflows at $150 million

The majority of Monday’s losses came from the Fidelity Wise Origin Bitcoin Fund (FBTC), which saw $150 million in outflows, according to Farside.

The Grayscale Bitcoin Trust ETF (GBTC) and the ARK 21Shares Bitcoin ETF (ARKB) followed with about $47 million and $43 million, respectively.

Daily spot Bitcoin ETF inflows by issuer from April 20, 2026. Source: Farside

BlackRock’s iShares Bitcoin Trust ETF (IBIT) and the Morgan Stanley Bitcoin Trust ETF (MSBT) recorded flat flows after multi-day inflow streaks.

Related: Bitcoin leads $1.2B weekly inflows into crypto investment products

Negative sentiment also extended to spot Ether ETFs, which posted $50.5 million in outflows on Monday. XRP and Solana ETFs recorded zero inflows.

Bitcoin institutional demand outpaces mining supply

Bitcoin’s rally in April came as institutional demand far outpaced mining supply.

Michael Saylor’s Strategy has purchased 56,235 BTC in April so far, while global ETFs added another 34,552 BTC on behalf of their clients over the same period.

This compares with 11,829 BTC estimated to have been mined so far this month, according to HODL15Capital data.

Source: HODL15Capital

CryptoQuant analyst XWIN Japan said Bitcoin’s sharp decline over the past few days was likely not driven by spot supply-demand imbalance, but by a “classic liquidity event” triggered by forced liquidations of leveraged long positions.

In earlier analysis, CryptoQuant said a rejection of the $80,000 level would signal overhead supply at that level, potentially extending the drawdown for both ETF investors and short-term whales.

Magazine: Your guide to surviving this mini-crypto winter

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

Fintechs are now generating $650 billion in revenue, and the most successful ones are balancing scale, profitability, and new-found regulatory maturity – McKinsey new report

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Fintechs are now generating $650 billion in revenue, and the most successful ones are balancing scale, profitability, and new-found regulatory maturity – McKinsey new report

In 2025, the global fintech market generated approximately $650 billion in revenues, representing a growth rate of about 21 percent year over year from 2024, and around 23 percent annually over the past four years. This materially outpaced the broader $15 trillion financial-services industry, which has expanded more modestly at a 6 percent annual rate. Despite this growth, fintechs have captured only about 4 percent of total financial-services revenues, underscoring both the progress and the substantial room for growth that remains.

Scale and speed vary markedly across geographies and verticals. North America, with fintech revenues of about $310 billion, remains the biggest market, while payments (about $250 billion in revenue) remains the largest vertical. The fastest growth is in Latin America (40 percent average annual growth over the past five years), driven by a rapid expansion in lending, which has grown at about 50 percent annually since 2021.

Total capital invested has increased by about 40 percent since 2023, particularly among later-stage, scaled fintechs with proven economics; although total deal volumes remain below peak levels.

In 2025, fintech IPOs also returned to prominence, with 31 new listings. In fact, of the top 100 IPOs globally in 2025, fintechs accounted for about 12 percent of total market capitalization. Bolstered by the likes of Adyen, Nubank, and Robinhood, the total market capitalization of listed fintechs has reached $850 billion, its highest level ever.

Earlier-stage investment has recovered more slowly, and growth equity has declined, creating a barbell-shaped investment profile. Capital is increasingly concentrated in a small number of firms—often driven by AI or digital assets—as well as the most compelling early-stage challengers, while midstage players face real challenges in finding the capital needed to grow. Meanwhile, scaled fintechs are leveraging their balance sheets to drive consolidation, accounting for more than 50 percent of acquisitions in the sector.

Read the full report here.

Trump Softens His Stance on Prediction Markets

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Trump Softens His Stance on Prediction Markets

US President Donald Trump has softened his stance on prediction markets just days after he bemoaned the surging interest and popularity of the betting platforms.

“I don’t know. I know some people who are very smart. They like it,” Trump told reporters in Florida on Saturday after he was asked about his earlier comments, in which he said he didn’t support prediction markets. “They disagree, but they like it.”

“A lot of other countries are doing it, and when the other countries do it, we get left out in the cold if we don’t do it,” he said.

Trump speaking to reporters in Florida before departing for Washington, DC. Source: YouTube

Trump’s latest comments came after he told reporters at the White House on Thursday that he was “not happy” with prediction markets in response to a question about well-timed bets on events linked to the Iran war.

“Well, you know, the whole world, unfortunately, has become somewhat of a casino,” Trump said on Thursday. “And you look at what’s going on all over the world and Europe, and every place they’re doing these betting things. I was never much in favor of it. I don’t like it conceptually, but it is what it is.”

“I think that I’m not happy with any of that stuff, but they have all these different sites of predictive markets. It’s a crazy world. It’s a much different world than it was,” he added.

Prediction markets such as the popular Polymarket and Kalshi have surged in use over the past year, with the two platforms together seeing a record $23.6 billion in trading volumes in March, according to Token Terminal.

Related: CFTC sues New York over bid to apply gambling laws to prediction markets

Trump’s son Donald Trump Jr. invested in Polymarket in August and joined the company’s advisory board. He is also an adviser to rival Kalshi, taking on the role in January 2025.

President Trump could also soon have an interest in prediction markets. His company, Trump Media, said in October that it would roll out prediction markets in partnership with Crypto.com on its flagship social media site, Truth Social.

Trump divested his stake in Trump Media upon entering office, transferring his shares to a trust for which Trump Jr. is the sole trustee.

Magazine: Should users be allowed to bet on war and death in prediction markets?

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

Bulls want the bitcoin (BTC) price above $80,000. Macro says not so fast: Crypto Daily

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Bulls want the bitcoin (BTC) price above $80,000. Macro says not so fast: Crypto Daily

Bitcoin BTC$76,316.36 pulled back to $76,500 from above $79,000 earlier this week, stalling the rally from late-March lows below $65,000. Those expecting a swift return to form may want to take note that recent economic releases do not support a big bullish move.

The most important is the University of Michigan’s Survey of Consumers, which showed the consumer sentiment index falling to an all-time low of 49.8 this month, largely driven by inflationary pressures tied to the Iran conflict.

Inflation expectations also moved sharply higher, with the one-year gauge surging to 4.8% in April from 3.8% the previous month. Long-term expectations (five to 10 years) have risen to 3.5%, the highest reading since October 2025.

This is an excerpt from CoinDesk newsletter ‘Daybook.’ Sign up here, if you haven’t already.

Inflation expectations can become self-fulfilling, which is why central banks like the Federal Reserve monitor them closely and try to anchor them. The sharp rise, therefore, could limit the Fed’s ability to signal interest-rate cuts or liquidity easing in the near term, as additional monetary easing risks reinforcing inflationary pressures. That hawkish tilt could, in turn, cap upside or slow gains in BTC and other risk assets.

“For the Federal Reserve, the long-term expectations move is the more dangerous data point. It is the variable the central bank watches most closely when assessing whether inflation psychology is becoming unanchored, and a one-month shift of this size raises the bar for any near-term easing pivot, even as the real economy weakens at the margin,” analysts at Bitfinex said.

The Fed is expected to keep its benchmark interest rate steady between 3.5% and 3.75% this Wednesday.

In the meantime, traders are also pricing in a potential Bank of Japan rate increase in June.

“Rate hikes this month are looking improbable, according to current market opinion. Financial bets suggest we may see more than two rate increases in the eurozone and the U.K. before year-end. A June hike is almost fully priced in. We are now lacking clarity in the data to make good decisions, and that is the main impediment,” Timothy Misir, head of research at BRN, said in an email.

On the crypto-specific side, sustained ETF inflows remain crucial to keeping spot BTC supported on dips.

Meanwhile, coordinated industry efforts to contain fallout from the KelpDAO exploit have helped DeFi tokens hold up better than the broader market. The CoinDesk DeFi Select Index gained 0.5% over 24 hours, decoupling from the CoinDesk 20’s 1.5% decline. Stay alert!

Read more: For analysis of today’s activity in altcoins and derivatives, see Crypto Markets Today . For a comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead.”

What’s trending

Today’s signal

BTC’s hourly price swings in candlestick format with moving average lines. (TradingView)

The chart shows bitcoin’s hourly price swings in candlestick format since late March.

BTC has dived out of an ascending trendline (white dashed line) that guided its upward trajectory since early this month. Moreover, prices are trading at a discount to their 50- and 200-hour averages.

That configuration points to uptrend exhaustion and scope for a deeper price pullback. The bullish case would reassert itself if prices reclaim both moving averages.

Premarket data (CoinDesk)

Google Could Invest Another $40 Billion in Anthropic

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Google Could Invest Another $40 Billion in Anthropic

Google is ready to make another multi-billion-dollar investment in Anthropic, as the Claude developer continues to seek computing power to sustain its growth.

According to Bloomberg, which first reported the development, on April 24, the tech giant will invest $10 billion immediately, at the $350 billion valuation Anthropic hit in February.

An additional $30 billion is set to follow if Anthropic meets specific performance targets. It is not yet clear what these milestones are.

Google has invested in Anthropic previously, but this latest tie-up comes just a few weeks after the two companies — in tandem with silicon maker Broadcom — for the supply of multiple gigawatts of next-generation Google TPU AI chips. 

The new deal also comes only days after the generative AI vendor agreed to a similar extension of its partnership with Amazon, with Amazon pumping $5 billion into Anthropic immediately, with $20 billion more to follow.

Related:Meta Taps Solar Energy to Power Data Centers

Google’s continued backing will come as no surprise, given that it has significantly increased its involvement in Anthropic since its first $300 million investment in February 2023. Another $2 billion followed in October of the same year, and Google may hold as much as a 14% stake in Anthropic.

While not commenting directly on the latest Google deal, Anthropic has made no secret of its need for more compute capacity as demand for Claude Code and Claude Cowork in particular continues to accelerate.

“Our users tell us Claude is increasingly essential to how they work, and we need to build the infrastructure to keep pace with rapidly growing demand,” CEO Dario Amodei said in a statement on April 20. Failure to keep pace with this demand has already led to a number of Anthropic outages at peak times this year.

Anthropic’s continued need to build out its infrastructure was also behind a multi-year deal with neocloud vendor CoreWeave in early April, and it is set to bring more capacity online later this year.

When A Supplier Becomes a Hidden Cost Centre

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When A Supplier Becomes a Hidden Cost Centre

The cost of this fraud? 3% of the company’s turnover. This could have been prevented by detecting fraudulent IBAN changes before payments are issued.

How Does Supplier Fraud Happen?

Supplier fraud relies on a specific mechanism. It needs a hacker, aided by an internal accomplice,
who provides them with information about the processes, steals the identity of an acquired
company and has its bank details changed in the victim’s accounting system. Payments are then
issued to the correct apparent supplier, but to the fraudster’s accounts. The flaw is not in the
payment itself, but in the modification of the IBAN that preceded it.

How an IBAN Change Created a Silent Profit Drain

This company was going through an ERP change. As part of this transition, there was a need to
rationalise the vendor master data. The Group therefore decided it would be a good idea to launch a
mass circularisation of all suppliers to reconfirm their banking details.

However, someone within the company was fully aware of this process and knew that one of the
major suppliers would be contacted. This person passed the information to an accomplice, who was
more than happy to take advantage of the situation.

An individual impersonated a legitimate supplier and, by pretending to be them, succeeded in
obtaining a change of banking details, naturally for their own benefit. Meanwhile, the real supplier
continued sending its invoices as usual. The victim company kept paying those invoices, but the
funds were being sent to the fraudsters, not to the actual supplier.

Key Warning Signs of Supplier Bank Detail Manipulation

The issue was detected fairly quickly, as the real supplier kept requesting payment. However,
recovering the diverted funds proved to be much more difficult. The key warning signs in this case
were clear: a request to change banking details, the absence of proper IBAN verification, and more
generally, a lack of internal controls around vendor data management, even though such controls
are becoming increasingly common today.

What can organisations do to prevent this type of fraud?

It’s always difficult for organisations to control the pressure an employee is under. This is the
hardest part of the fraud triangle to impact, as pressure may come from outside. Opportunity and
rationalisation are another matter. Supplier fraud relies on the lack of automation, coupled with ad
hoc human validation. The opportunity shows itself and the rationalisation follows.

Two Ways to Prevent Supplier Fraud
  • Automate the manual update process
    In most organisations, updating a supplier’s bank details remains a manual, informal process, often handled by email and without systematic double-checking. It is precisely this vulnerability that fraud exploits. To avoid creating an opportunity for fraud here, organisations must remove the reliance on manual validation and checks and replace them with automated controls. That way, any violation of the segregation of duties, any changes made by unusual users or at suspicious times/days are identified.
  • Make late discovery impossible
    In this case, the fraud was only discovered late. Many frauds run for months before being
    discovered, and this one was only revealed after several payments had been issued to the wrong
    accounts. The damage accumulated because of the lack of systematic reconciliation between the
    registered bank details and the payments issued. What the organisation needed was permanent
    monitoring that could not be circumvented. The comprehensive audit trail would also make internal
    complicity much riskier for the accomplice, reducing opportunity for the fraud.
How to Detect and Deter Supplier Fraud
  • Detection of payments to unusual or recently changed IBANs
    Flag priority anomalies. Organisations need pre-configured controls that include checks on payments
    issued to recently changed bank accounts. A payment to an IBAN that differs from the supplier’s
    known history, or that has been changed in the days leading up to the settlement, is automatically
    flagged as a priority anomaly. This was exactly the pattern used in this fraud.
  • Score on consistency between an IBAN and the third party concerned
    Show up risky third-parties. New technologies can issue alerts on potentially problematic third-party
    IBAN pairs. This draws attention to the issue, especially when combined with other analyses which
    strengthen the set of indicators and the score it generates for each entry.
  • Deterrence
    A lack of control leads to a feeling of impunity. Any action taken by a fraudster is fuelled by the feeling that they won’t be caught. Technology can significantly reduce this feeling of impunity by making fraud detectable, and therefore a dangerous development for the potential fraudster. Even with outside pressure on an employee, it can reduce the opportunity and rationalisation for fraud.

The best way to combat fraud is not only to detect it, but to deter it.

Bitcoin Lightning Is Turning IGaming Payouts Into Rails

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Bitcoin Lightning Is Turning IGaming Payouts Into Rails

Bitcoin’s Lightning Network is starting to turn iGaming payouts into a native Bitcoin use case, as operators look to escape card fees, chargebacks, and slow settlement that no longer fit a real-time betting market. 

A new benchmark report from Voltage frames Lightning as the next major phase of Bitcoin’s evolution, shifting it from a passive store of value to the backbone of instant, global gambling withdrawals. 

The study opens with a 30-day pilot at a single iGaming operator that routed a slice of its customer base through the Bitcoin Lightning Network. In that window, the platform pushed 88.2 bitcoin through Lightning, processed 237,000 payments, and recorded a 99.94% success rate with an average end-to-end settlement time of 1.86 seconds. 

Voltage says 80% of deposits and withdrawals in the pilot flowed through Cash App users, a sign of how much latent Lightning capacity now sits inside mainstream Bitcoin wallets. The company argues that this is exactly where Bitcoin’s second layer begins to matter for gambling: a familiar wallet, a BTC balance, and withdrawal times that drop from days to seconds.

Bitcoin on-chain vs. Bitcoin on Lightning 

The report draws a sharp line between Bitcoin on-chain and Bitcoin on Lightning. On-chain Bitcoin still offers irreversible, global payments, but confirmation times stretch from minutes to hours and fees spike when block space fills, which undermines the economics of frequent, smaller withdrawals. 

Lightning was built to solve that constraint by moving Bitcoin payments into peer-to-peer channels that track balances off-chain and settle the final state back to the base layer when needed. 

In practice, that design lets operators send bitcoin-denominated iGaming payouts in milliseconds with fees under a penny, roughly 0.0029% of transaction value, which the report says makes Lightning around 1,000 times cheaper than card processors on a percentage basis.

What makes this notable for Bitcoin is the way Lightning preserves the properties that supporters treat as non-negotiable. Lightning has no new token or validator set and inherits security from Bitcoin’s proof-of-work chain when payment channels close and settle.

Voltage stressed in the report that this avoids a core tradeoff seen on alternative payout rails: operators do not need to trust a separate governance structure, bridge, or foundation to move player funds. For iGaming, that translates into censorship resistance at the payments layer, where a Lightning node can route around intermediaries in a way that card networks or some newer chains cannot.

The business logic is simple: Bitcoin on Lightning changes how money moves through a gambling platform’s books. Traditional payouts can skim about 2.9–5% per transaction and still leave operators exposed to chargebacks weeks after funds leave the account, which forces them to lock capital in reserve balances and float. 

Lightning payouts are final and irreversible, which removes the chargeback category outright and lets operators reduce or eliminate those reserves. Deposits become Bitcoin transfers that settle into the operator’s Lightning node with no clearing period, while withdrawals push BTC back to the player in seconds with no clawback risk. The report says this shortens the cash cycle, increases capital velocity, and frees more bitcoin to support live activity instead of sitting in transit or in processor accounts.

Payout speed is crucial for iGaming 

Voltage leans on player behavior data to argue that Bitcoin’s role here is not just a cost story. Surveys cited in the report show that 72% of players place payout speed in their top three loyalty drivers, and 71% have left a platform because withdrawals took too long. 

When iGaming payouts rely on Bitcoin Lightning, a winning spin or bet can update a player’s wallet balance in seconds, which the authors say reinforces a direct link in the player’s mind between gameplay and getting paid. That loop, they argue, ties Bitcoin more tightly to user trust than speculative price action or passive holdings do.

The report puts competing chains as partial answers to the payout problem. Ethereum’s mainnet can move ERC-20 tokens like USDT with richer smart-contract logic, but its 15 second blocks and shared global state leave it vulnerable to congestion and fee spikes that can push a single transfer into the 10–30 dollar range. Tron and Solana cut fees and raise throughput, but Voltage highlights their smaller validator sets, hardware demands, and past outages as risks that undercut long-term payment reliability for regulated gambling brands. 

By contrast, Lightning taps into Bitcoin’s existing network effect, with public Lightning capacity now in the thousands of BTC and mobile Lightning wallets counted in the millions, according to the report.

The authors also point to the arrival of stablecoins on Bitcoin’s Lightning rails as a sign of where the technology stack is heading. Using Taproot Assets, issuers like Tether can move USDT over Lightning, which joins the speed and fee profile of Bitcoin’s second layer with dollar-linked balances. 

For iGaming, that mix promises instant payouts over Bitcoin infrastructure without exposing recreational players to spot BTC volatility if they prefer a fiat peg. The report notes that Tether’s decision to support Lightning signals expectations of high-volume, low-cost transactions riding on Bitcoin rather than on newer chains.

Voltage frames all of this as the natural evolution of Bitcoin in a sector that has hunted for better payments for years. In its view, Lightning takes Bitcoin from a slow, expensive base layer to a live settlement engine that can clear millions of small, final transactions per second for users who already hold BTC in popular apps. 

For iGaming operators, that means Bitcoin is no longer just another deposit option; it becomes the core payout rail that can cut fees, kill chargebacks, clear regulatory audits with deterministic records, and ship winnings to a player in Brazil or New Jersey on the same infrastructure.

Editorial Disclaimer: We leverage AI as part of our editorial workflow, including to support research, image generation, and quality assurance processes. All content is directed, reviewed, and approved by our editorial team, who are accountable for accuracy and integrity. AI-generated images use only tools trained on properly license material. In Bitcoin, as in media: Don’t trust. Verify.

Senator Lummis Puts Congress On The Clock, Vows May Push To Rescue Stalled Clarity Act

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Senator Lummis Puts Congress On The Clock, Vows May Push To Rescue Stalled Clarity Act

Speaking at The Bitcoin Conference U.S. Senator Cynthia Lummis opened her keynote by recalling her first encounter with Bitcoin, describing it as an unfamiliar concept of owning an asset that exists on a blockchain, before purchasing three tokens at roughly $300 each.

Lummis told the audience that Bitcoin first struck her as “free money” because it removes the need to trust a third party to hold or move value. 

She linked that realization back to her early purchases of three bitcoin at about $300 each, when the idea of owning an asset that lives on a blockchain still felt strange.

Lummis referenced periods of war, noting that bitcoin often serves as a refuge from poor monetary policy and disrupted financial systems. 

Lummis said there are women who have been able to leave dysfunctional marriages and walk away with Bitcoin as an asset that is uniquely theirs, underscoring the role of self-custodied money in personal freedom.

“Bitcoin comes with a culture that could’ve written the U.S. Declaration of Independence that we celebrate today. This is freedom money. That all people are created equal, and that this asset guarantees it,” Lummis said. 

Lummis closed by promising imminent action in Washington, saying the Senate “will mark up the Clarity Act in May” and that lawmakers are going to pass digital asset legislation.

Lummis has been very vocal about the struggles around passing crypto legislation popularly known as the Clarity Act. 

What’s happening with the Clarity Act? 

The Clarity Act has inched forward but remains stuck in Washington’s procedural grind, with its fate tied to a narrow legislative window in 2026.

The bill, a comprehensive market structure framework for digital assets, cleared the House more than eight months ago and has waited in the Senate Banking Committee as senators haggle over issues such as stablecoin yields and agency jurisdiction. 

A January markup was pulled at the last minute, signaling early resistance and forcing drafters to rework language before bringing it back. Since then, industry groups have pressed Senate leaders to move, warning that each delay adds regulatory uncertainty and pushes activity offshore.

In April, committee dynamics shifted again when Senator Thom Tillis urged Chair Tim Scott to delay a markup into May to allow more time to sell the compromise to traditional banking stakeholders. 

Reporting from policy shops and crypto lobbyists now points to the second week of May as the first realistic slot for a Banking Committee vote, following the current Senate recess. 

If the markup slips past mid‑May, the odds of enactment this year drop sharply because floor time tightens ahead of summer recess and the 2026 midterm cycle.

If the bill does advance, the path would likely run through a committee markup in early or mid‑May, a full Senate vote in May or June, and potential reconciliation before a signing window that market observers place around June. 

Supporters frame the Clarity Act as the companion to the GENIUS Act, handing the CFTC primary jurisdiction over most non‑stablecoin digital assets while narrowing the SEC’s reach to tokenized securities.

These Three Bitcoin Charts Say BTC Price Set for Recovery to $82,000

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These Three Bitcoin Charts Say BTC Price Set for Recovery to $82,000

Bitcoin (BTC) has rebounded more than 28% from its February low below $60,000, and a mix of technical, liquidity, and on-chain signals suggests the recovery may still have room to run.

BTC/USD daily chart. Source: TradingView

Key takeaways:

  • Bitcoin is holding a support zone that has previously triggered 8%–10% rebounds.
  • Binance stablecoin inflows are rising, boosting fresh deployable liquidity for crypto markets.

BTC hits support with 8%–10% rebound history

Since early April, Bitcoin has been trading within a well-defined ascending channel, with price consistently respecting both rising support and resistance trend lines.

Each test of the lower boundary has triggered 8%–10% rebounds, often driving BTC back toward, or even beyond, the upper trend line. The current setup mirrors those prior cycles.

BTC/USD four-hour chart. Source: TradingView

BTC is now consolidating near the channel’s lower support zone around $76,800–$77,500, which also coincides with the 20-period (green) and 50-period EMAs (red) on the 4-hour chart, a key dynamic support level in ongoing uptrends.

A rebound from this range increase the odds of BTC’s price hitting the upper boundary near $82,700, up by roughly 7.70% from current prices. This level coincides with the 1.618 Fibonacci retracement level.

Related: Bitcoin shorts create $1.4B liquidation risk: Is a price squeeze to $80K next?

Conversely, a breakdown risks BTC price dropping toward $73,600, a level aligning with the 0.786 Fib line and the 200-4H EMA (blue).

Binance’s stablecoin inflows boost BTC rally potential

Liquidity conditions are also rising, which improves the technical setup.

Binance has recorded nearly $6 billion in stablecoin inflows across March and April, including $3.5 billion in April alone, marking a sharp reversal from the previous $7.6 billion in net outflows, data from CryptoQuant shows.

Binance monthly stablecoin netflow. Source: CryptoQuant

This is important for the bulls because stablecoin inflows represent deployable capital. In other words, liquidity is returning to exchanges, suggesting traders are preparing to re-enter risk despite US–Iran tensions and elevated oil prices.

Bitcoin MVRV fractal hints at rally above $92,000

Bitcoin’s latest rebound has pushed its price back above the MVRV -0.5 standard deviation band (green) at around $72,750. This band has often acted as support and resistance across previous market cycles.

The MVRV bands measure how far Bitcoin’s spot price has moved from investors’ aggregate on-chain cost basis.

BTC MVRV Extreme Deviation Pricing Bands vs. price. Source: Glassnode

When BTC climbs back above a lower deviation band, the market is no longer trading at a deep discount to its realized value, often opening room for a move toward the next band.

A similar reclaim of the green band as support in past downturns, including the 2014 and 2018 bear markets, preceded short-term rallies toward the mean band (yellow), as shown below.

BTC MVRV Extreme Deviation Pricing Bands vs. price. Source: Glassnode

That puts Bitcoin’s next potential upside target near $94,500 if history repeats.

The signal does not confirm a new bull market, but it does strengthen the case for a bear-market relief rally. On-chain analyst Willy Woo said Bitcoin is still forming a bottom, with the $65,000 level acting as a key floor.

A decisive break above the $79,000 cost basis of recent investors is needed to strengthen the recovery, said Woo, with the next six weeks likely to determine whether the move can evolve into a sustained trend reversal.

The next test for BTC is cleanly breaking the cost basis of recent investors (79k).

I give it 30% odds on doing this on this attempt.

‘Bitcoin Isn’t Going Anywhere’: Trump Officials Talk Bitcoin

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‘Bitcoin Isn’t Going Anywhere’: Trump Officials Talk Bitcoin

Acting Attorney General Todd Blanche and FBI Director Kash Patel used a Bitcoin 2026 Conference panel to signal a shift in how the U.S. government approaches digital assets, stressing support for developers and a focus on crime rather than code.

Coinbase Chief Legal Officer Paul Grewal, moderating the virtual discussion, opened by asking Blanche and Patel for their Bitcoin origin stories. 

Blanche said his son pushed him toward Bitcoin and called him a “clown and idiot” for not investing, while also noting that his government role bars him from owning assets. Patel framed Bitcoin and other virtual assets as economic infrastructure, saying they are assets “just like business and everything else” that “power and muscle the world.”

Blanche: Prior administrations suppressed bitcoin and crypto

Grewal then pressed the officials on past prosecutions tied to crypto. Blanche said some prior FBI and Justice Department efforts were misguided, suggesting that earlier administrations pursued cases against developers in ways that cut across core rights. 

He argued that the government should not treat software builders as stand‑ins for criminals and said the focus should be on “the third party criminal and not… the builders and platform builders.” 

According to Blanche, aggressive enforcement caused some platforms to leave the United States and reflected a lack of understanding that “stifled innovation” and “suffocated enthusiasts.”

“In the last administration, we were stifling innovation and depriving US citizen and Bitcoin and crypto enthusiasts from doing what they should be able to,” Blanche said.

Blanche drew a line between criminal use of crypto and the underlying technology. He said the government will not excuse bad actors who use Bitcoin or other digital assets for crime, but he rejected the idea that ordinary participants should live in constant fear of prosecution. 

On policy questions tied to cases such as Tornado Cash, Roman Storm, and Samourai Wallet, he said that if a person is developing software and is not the third‑party user committing a crime, “you are not going to get investigated and/or get charged.” He told coders that if they are under investigation, “your lawyer should feel very comfortable working with the FBI.”

Patel echoed that stance while stressing active enforcement against fraud. He said the FBI has spent the past year targeting scam centers that use crypto, including networks tied to foreign adversaries that seek to “police Americans and fleece them from their hard earned assets.” 

His goal, he said, is for the bureau to “look at the right people” and for Americans who buy digital assets to feel their funds are safe. Patel added that the FBI is proactively investigating crime in Bitcoin and other digital assets and is pushing prevention work on the “front end” to stop schemes before they reach victims.

Coders shouldn’t “sleep with their eye open” 

Asked why this moment is different for Bitcoin policy, Blanche pointed to the White House. He said the shift “starts with President Trump,” describing the current team as “by far the most pro‑crypto administration in the world” and stating that “we want to be the crypto capital of the world.” 

Blanche criticized what he called “attacks on the industry” by the prior administration as “outrageous” and “ill advised,” and said the government needs to adjust its thinking about digital assets and open‑source code.

Both officials framed the emerging doctrine in simple terms: Bitcoin and code are not the targets, crime is. Patel said federal law enforcement will prosecute criminal activity “in Bitcoin or out of Bitcoin.” 

Blanche said people in crypto “shouldn’t sleep with one eye open” over routine development or use, as long as they are not engaged in fraud, money laundering, or other offenses. 

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