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Bitcoin supply on exchanges by long-term investors has fallen to its lowest levels in 18 months, Bitfinex analysts said.Coupled with the supply constraint from the upcoming halving, this dynamic could lead to further price growth, the analysts added.
The block reward halving’s impact on mining profitability could prompt Bitcoin miners to look for more sustainable energy sources, turning the grid more sustainable.
From a fresh BTC price dip as soon as April 16 to a retreat to $40,000 long-term, Bitcoin market observers weigh in on where the market is headed.
Grayscale’s converted GBTC fund is now down 50% in bitcoin holdings since the spot ETFs launched on Jan. 11.GBTC’s market share by bitcoin holdings has fallen to 37% in the same period, with BlackRock’s IBIT and Fidelity’s FBTC the main beneficiaries.
OKB is the only larger-cap altcoin in the green now.
Institutional Crypto Research Written by Experts
- 21:07Giant whale enters LINK, takes $2.14 million.Recently, a giant whale deposited 194,940 LINKs worth approximately $4.69 million into CEX and sold them at an average price of $24 for a profit of approximately $2.14 million. This megalodon has accumulated these LINKs at a cost of approximately $2.55 million over the past 6.5 months, and the profit on this transaction indicates the success of its investment strategy in LINKs and may signal optimistic expectations for future price action in LINKs. The entry of a giant whale is often seen as a positive sign of market sentiment and may attract more investors to LINK, driving its price higher. However, it should be noted that the trading behavior of giant whales does not necessarily represent the overall market trend, and investors should analyze the market situation carefully and exercise independent judgment when making investment decisions.
- 21:06Analyst: MicroStrategy's $2 Billion Preferred Stock Strategy Could Unlock Gold Mine of Institutional MoneyMicroStrategy plans to raise up to $2 billion through preferred stock offerings to advance its ambitious “21/21” plan to meet its funding goals by issuing $42 billion in equity and fixed-income securities. We believe that any preferred stock the company may offer will likely include both of these features, with the ability to convert to common stock providing preferred stock investors with an element of volatility and optionality that they don't often see,” Palmer said.
- 21:06AnimocaBrands United: expect memecoin to launch its own L1 or L2Animoca Brands co-founder Yat Siu said in an interview that the crypto industry is at a turning point similar to the one he observed in the 1990s when the Internet first transformed business. The first part of cryptocurrency mass adoption in 2025 will be stablecoin adoption, with the next step being the broader expansion of memecoin into the entire blockchain ecosystem. I expect memecoins to launch their own L1 or L2. they're not just tokens anymore, they're building communities and ecosystems, memecoins are essentially cultural symbols,” said Yat Siu. They are attracting attention and building narratives that resonate with people beyond financial speculation.”
