ling

According to market news, after Bitcoin's pullback from $76,000, the Overall Liquidity indicator and the ALT Resilient Index have shown a significant resonance in the 65K--66K range. Historical data shows that such resonance often corresponds to the formation of short-term bottoms, indicating conditions for a rebound.

According to Greekwire, Washington State Attorney General Nick Brown has filed a civil lawsuit against the prediction market platform Kalshi, accusing it of violating state betting and consumer protection laws by offering betting services on events such as sports, elections, and wars. The lawsuit has been submitted to the King County Superior Court, seeking to prohibit Kalshi from operating locally, recover lost funds for residents, and impose civil fines. Kalshi's advertisements have suggested that users could bypass local laws to participate in NFL betting, indicating that they "knowingly violated the law."However, Kalshi responded by stating that it is a compliant trading platform regulated by federal authorities, denying the provision of war-related markets, and expressing confidence in winning the case legally. This is reportedly another regulatory action the company is facing recently, as it is currently involved in over 20 civil lawsuits. Previously, prosecutors in Arizona had filed criminal charges against it, which is considered the first criminal case against a prediction market.

According to Cointelegraph, the latest data shows that if Bitcoin further falls below $60,000, the time for the market to recover to historical highs may be delayed until 2027.Analysis indicates that Bitcoin has retraced about 48% from its peak of approximately $126,000 in 2025. According to historical patterns, for every additional 10% drop, the recovery period is extended by an average of about 80 days. If $60,000 is the bottom for this phase, it is expected to take about 300 days to complete the recovery; however, if it continues to drop to the $40,000-$45,000 range, the overall retracement will exceed 60%, and the recovery period may extend to about 440 days, pushing the timeline to after the second quarter of 2027.On-chain indicators also show that the bottom has not yet been confirmed. The comprehensive market index (BCMI) is currently around 0.27, above the historical bottom range (approximately 0.12-0.15), indicating that there is still room for further downside. In terms of capital flow, the continued selling by whales is intensifying pressure. Data shows that the selling intensity by large holders has reached its highest level in nearly 18 months, while liquidity in both the spot and futures markets is weakening simultaneously. Institutional views suggest that the current market is in a deep adjustment cycle, and if the macro environment remains tight (including high interest rates or even rate hikes), it will further delay the recovery pace of the cryptocurrency market.

The Nasdaq-listed Bitcoin mining company Bitdeer released the latest data on its Bitcoin holdings on the X platform, currently maintaining a zero Bitcoin holding. As of that week, its Bitcoin mining output was 146 BTC, and it sold 146 BTC during the same period.

According to Onchain Lens monitoring, BlackRock transferred 68,568 ETH (worth $139.87 million) and 612 BTC (worth $41.4 million) to Coinbase.

According to CryptoQuant analyst Darkfost's monitoring, as geopolitical tensions and economic trade pressures continue, BTC has recently seen a slight rebound, and the market has entered a consolidation phase.The panic selling sentiment among short-term holders (STH) reached its peak, with approximately 100,000 BTC transferred to Binance within 7 days. Currently, this data has significantly decreased, with the amount of BTC flowing into Binance from STH dropping to about 25,000, marking a historical low. Analysts believe this change indicates a significant reduction in market selling pressure, which is a positive signal for the currently pressured risk asset market.

The Kingdom of Bhutan transferred 519.707 bitcoins (approximately $36.75 million) to external addresses on Wednesday, continuing its trend of reducing bitcoin holdings since 2026.On-chain data shows that the Bhutanese royal government currently holds 4,453 bitcoins, valued at approximately $315 million, a decrease of 66% from the peak of nearly 13,000 bitcoins at the end of 2024. The total outflow since the beginning of the year has exceeded $150 million. Bhutan's selling scale is accelerating, with transfers in January and February ranging from $5 million to $15 million each, and in March rising to $35 million to $45 million per transfer. The destination of Wednesday's transfer is consistent with the deposit patterns of trading platforms, but the specific whereabouts have not yet been confirmed. Unlike most countries that accumulate bitcoins through purchases, Bhutan's holdings come from its mining operations based on abundant hydropower resources. In December 2025, Bhutan committed to using up to 10,000 bitcoins for the development of the southern economic center Gelephu Mindfulness City project. This sovereign sale is one of the largest government bitcoin reduction actions on record, creating ongoing selling pressure in the market.

According to on-chain analysis platform CryptoQuant, analyst Darkfost has monitored that Bitcoin ETF fund flows have significantly rebounded after experiencing a large outflow. The cumulative Bitcoin balance of the ETF is still negative (approximately -4,000 BTC), but it has improved significantly compared to the lowest point (-42,000 BTC). In the past month, the ETF has seen a net inflow of about 38,000 BTC, equivalent to approximately $2.6 billion.Analysts point out that the rebound in ETF demand is an important driving factor for the recent positive trend in the Bitcoin market. However, the Bitcoin price is still fluctuating within the current range, and whether it can maintain positive momentum in the future depends on the sustainability of this trend.

According to the official blog, Plume Network's General Counsel Salman Banaei stated at a hearing held by the U.S. House Financial Services Committee that tokenized securities should not be viewed as a completely new asset class, nor should new rules or exemptions be created for them.He argued that regulation should be driven by the economic nature and risks of financial products, rather than the technology used, and thus should incorporate new technological realities into the existing regulatory framework through targeted amendments to current regulations.Salman pointed out that utilizing public blockchains and on-chain compliance tools (such as Plume's built-in protocol-level anti-money laundering screening) can significantly enhance market transparency, reduce costs, and decrease reliance on intermediaries while maintaining or even exceeding existing regulatory standards.Finally, Salman issued a warning: the competition for global tokenized infrastructure is accelerating, with regions like Hong Kong, Singapore, and the UAE actively positioning themselves. If the U.S. falls behind in regulation due to policy uncertainty, it risks losing its leadership position in the digital transformation of global capital markets, allowing this strategic opportunity to shift to foreign competitors with different geopolitical objectives.

Crypto market analyst Axel released a latest report stating that in the past 30 days, Bitcoin ETFs (in the U.S. and elsewhere) have seen a cumulative net inflow of 62,986 BTC (approximately $11.3 billion), bringing total holdings to 1.327 million BTC.During the same period, short-term holders continued to realize losses on exchanges, with daily outflows from the loss side averaging 15,500 BTC. Axel pointed out that current institutional buying has surpassed retail selling pressure, providing support for prices, but the market is showing a divergent pattern—short-term participants are still selling at a loss, while ETF funds are gradually absorbing supply. To maintain the upward momentum, prices need to stabilize above $70,000, and ETF fund inflows must remain positive.

According to market news, a U.S. federal judge has approved the certification of a class action lawsuit against Nvidia and its CEO Jensen Huang for securities fraud.Investors allege that Nvidia concealed the true scale of revenue related to cryptocurrency mining in its gaming GPU sales between 2017 and 2018. Internal emails show that executives believed Nvidia's stock "remained high due to related statements." In November 2018, after Nvidia disclosed a decline in cryptocurrency-related sales, the stock price fell by about 28.5% within two trading days.The U.S. Securities and Exchange Commission had previously fined Nvidia $5.5 million in 2022 for failing to disclose the impact of cryptocurrency mining on its business. This case was initially filed in 2018, successfully appealed after being dismissed in 2021, and is now proceeding as a class action after the Supreme Court rejected Nvidia's appeal. The class action covers investors who purchased Nvidia stock from August 10, 2017, to November 15, 2018, with a case conference scheduled for April 21.

According to Onchain Lens monitoring, a certain whale withdrew 9.14 million FET (approximately 2.34 million USD) and 462,344 UNI (approximately 1.72 million USD) from Binance.

According to Theblock, K33 research director Vetle Lunde pointed out that in recent weeks, the price of Bitcoin has mainly fluctuated between $60,000 and $75,000, indicating that the trading volume of exchange-traded products and the behavior of long-term holders are stabilizing. He described this price trend as "typically associated with market bottoms" and suggested that the price range just above $70,000 may be attractive to medium- to long-term investors.According to Lunde, since late February, the capital flow of Bitcoin ETFs has slightly turned positive, indicating that the sell-off wave since the historical high in October may be coming to an end. He stated that the previous capital outflow was due to profit-taking when the Bitcoin price fell below the investors' cost price, creating a supply-demand feedback loop. However, as prices fell, the motivation to sell weakened, and demand began to stabilize.

According to Bloomberg, Franklin Templeton announced a partnership with Ondo Finance to launch a tokenized ETF that can be traded directly in crypto wallets, enabling 24/7 trading and breaking through the limitations of traditional brokerage accounts and trading hours.The product covers asset classes such as U.S. stocks, fixed income, and gold, and will initially be launched in Europe, Asia-Pacific, the Middle East, and Latin America. The launch in the U.S. market still depends on further clarification from regulators regarding on-chain distribution of registered funds.

According to monitoring by an on-chain analysis platform, in the past hour, address 0x049b opened long positions in ETH and BTC with 20x leverage: the ETH position size is 9,256 coins, worth approximately 20.16 million USD; the BTC position size is 282.47 coins, worth approximately 20.13 million USD, totaling about 40.29 million USD.The current liquidation prices for the two positions are: ETH 2,095.13 USD, BTC 68,132.62 USD.

According to Jinshi reports, Federal Reserve Governor Barr stated that evidence of falling inflation is needed before considering interest rate cuts.

According to Onchain Lens, the on-chain address High Stakes Capital sold a total of 602,421 HYPE in the past 24 hours, exchanging it for approximately 22.938 million USDC, with an average transaction price of $38.08. The latest transaction involved selling the remaining 152,421 HYPE, cashing out approximately $5.82 million, achieving a complete liquidation.

Bitlayer ($BTR) has plummeted 80% since yesterday afternoon, with the price dropping from $0.2 to $0.04. On-chain data shows that within a day, 41% of the circulating supply (about 140 million coins) of $BTR flowed into the Bithumb exchange, which is suspected to be the main dumping ground or price manipulation site for this spot trading.