ChainCatcher news, QCP analysis states that BTC is currently stable at a high of 90,000 USD, market risk sentiment is improving, and the expectation for a rate cut in December has risen to 85%. However, macro signals remain complex, inflation is still high, and labor data is weak.
Warning signals have emerged in the AI credit sector, with credit default swaps (CDS) widening, raising market concerns about Nvidia's accounts receivable and rising inventory. The flow of funds in cryptocurrency shows a similar trend: ETFs continue to experience outflows, and most products are trading below net asset value. MicroStrategy's strategy is under scrutiny again, with its BTC holdings approaching breakeven, and its stock has been placed on the MSCI delisting watch list.
The options market shows cautious sentiment, with the correlation between Bitcoin and AI stocks increasing, and the fear and greed index declining. Technically, Bitcoin may encounter ETF-related selling pressure around $95,000, while the $80,000-$82,000 range remains a key support level.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Chainalysis: By 2035, stablecoin transaction volume may reach 1.5 quadrillion USD, exceeding the scale of global cross-border payments
Blockchain analytics firm Chainalysis predicts that by 2035, stablecoin transaction volume will reach $71.9 trillion. If there are two major macro catalysts, it could double to $150 trillion, surpassing the current global cross-border payments market size. Analysts note that institutional participation will significantly increase activity.
GateNews3m ago
The Bhutanese government has again sold 319.7 BTC, and the sovereign nation joins the liquidation lineup.
The government of Bhutan has recently transferred 319.7 Bitcoins to two wallets, indicating an intention to liquidate. This may be related to liquidity needs. The move comes alongside synchronized sell-offs by multiple listed companies, suggesting that sovereign holders and businesses face financial pressure amid a weak backdrop for Bitcoin prices, which has affected market sentiment.
MarketWhisper5m ago
The Bhutanese government transferred 319.7 BTC to two wallets, worth approximately $22.67 million
Gate News message, on April 9, according to Onchain Lens monitoring, the government of the Kingdom of Bhutan transferred 319.7 BTC (worth about $22.67 million) to two wallets. One is a newly created wallet, possibly a CEX wallet; the other is an old wallet that was previously used to transfer funds for sale via a certain CEX or Galaxy Digital.
GateNews1h ago
Arthur Hayes: You need to see on-chain transactions to believe that Iran accepts BTC as payment—otherwise it’s just messing with the West
Gate News message, April 9, Arthur Hayes posted a comment on reports that Iran is charging Bitcoin tolls. Hayes said he would only believe that Iran is truly collecting tolls in the form of BTC after seeing the related transactions on the real Bitcoin blockchain. He believes that before that, it is only the Islamic Revolutionary Guard Corps playing with the Western fiat currency and financial system.
GateNews1h ago
