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According to CryptoQuant data, Bitcoin's realized price (the average cost basis of all coins on the network weighted by the last transaction) is $54,286, while the spot price is $68,774, a difference of approximately $14,500, or about 21% above the realized price. Looking back at the bear market of 2022, a key signal for the actual bottom was when the spot price fell below the realized price. From June to October 2022, Bitcoin's spot price was below the overall cost basis, and when the spot price was about 15% lower than the realized price, this decline almost perfectly corresponded to the cycle's low point of around $15,500. A similar drop occurred during the early 2020 COVID crash. These periods are true accumulation zones, as the entire network was in a state of loss. Historically, buying when the market is overall in loss has been one of the most reliable entry signals for Bitcoin. Currently, the situation is different. The spot price is 21% higher than the realized price, indicating that the average holder is still in profit, which provides a significant buffer. For Bitcoin to fall back to the realized price from current levels, it would need to drop to around $54,000, representing a further decline of 20%. Notably, the speed at which the gap between the spot price and the realized price is narrowing is very rapid. By the end of 2024, if Bitcoin trades above $119,000, the premium would be around 120%, but it has compressed to 21% within about 15 months, making this one of the fastest periods approaching the realized price line, barring a complete collapse. CryptoQuant analyst Oinonen noted on Monday that Bitcoin has entered a so-called 'accumulation zone' and compared it to the bottom of 2022. However, this judgment may be premature. CryptoQuant's own charts show that the definition of the accumulation zone in 2022 was when the spot price traded at or below the realized price. The box they drew on the current price trend indicates that the spot price is still well above the indicators defining that range.

[Analyst: Bitcoin is Nearing Buy Zone Not Seen in Nearly Three Years]According to CryptoQuant data, Bitcoin's realized price (the average cost basis of all coins on the network weighted by the last transaction) is $54,286, while the spot price is $68,774, a difference of approximately $14,500, or about 21% above the realized price. Looking back at the bear market of 2022, a key signal for the actual bottom was when the spot price fell below the realized price. From June to October 2022, Bitcoin's spot price was below the overall cost basis, and when the spot price was about 15% lower than the realized price, this decline almost perfectly corresponded to the cycle's low point of around $15,500. A similar drop occurred during the early 2020 COVID crash. These periods are true accumulation zones, as the entire network was in a state of loss. Historically, buying when the market is overall in loss has been one of the most reliable entry signals for Bitcoin. Currently, the situation is different. The spot price is 21% higher than the realized price, indicating that the average holder is still in profit, which provides a significant buffer. For Bitcoin to fall back to the realized price from current levels, it would need to drop to around $54,000, representing a further decline of 20%. Notably, the speed at which the gap between the spot price and the realized price is narrowing is very rapid. By the end of 2024, if Bitcoin trades above $119,000, the premium would be around 120%, but it has compressed to 21% within about 15 months, making this one of the fastest periods approaching the realized price line, barring a complete collapse. CryptoQuant analyst Oinonen noted on Monday that Bitcoin has entered a so-called 'accumulation zone' and compared it to the bottom of 2022. However, this judgment may be premature. CryptoQuant's own charts show that the definition of the accumulation zone in 2022 was when the spot price traded at or below the realized price. The box they drew on the current price trend indicates that the spot price is still well above the indicators defining that range.

Analyst: Bitcoin is Nearing Buy Zone Not Seen in Nearly Three Years

On April 1, the official announcement from Cosmos ecosystem lending blockchain UX Chain stated that it will gradually suspend operations. Users must clear their open positions before the full platform liquidation process begins on April 30. The protocol is expected to be completely shut down by May 15. UX reserves and treasury will be used to cover the funding gap of the protocol.

[Cosmos Ecosystem UX Chain to Gradually Suspend Operations, Expected to Fully Shut Down by May 15]On April 1, the official announcement from Cosmos ecosystem lending blockchain UX Chain stated that it will gradually suspend operations. Users must clear their open positions before the full platform liquidation process begins on April 30. The protocol is expected to be completely shut down by May 15. UX reserves and treasury will be used to cover the funding gap of the protocol.

Cosmos Ecosystem UX Chain to Gradually Suspend Operations, Expected to Fully Shut Down by May 15

On April 1, Cointelegraph reported that Tom Lee, chairman of BitMine, an Ethereum treasury company, stated that the market sell-off has completed 90% to 95%, and now is the right time to enter the market. His assessment is based on the strong resilience of the U.S. economy and the fact that inflation-adjusted oil prices remain below historical highs.

[Tom Lee: Market Sell-off Has Completed 90% to 95%, Now is the Time to Enter]On April 1, Cointelegraph reported that Tom Lee, chairman of BitMine, an Ethereum treasury company, stated that the market sell-off has completed 90% to 95%, and now is the right time to enter the market. His assessment is based on the strong resilience of the U.S. economy and the fact that inflation-adjusted oil prices remain below historical highs.

Tom Lee: Market Sell-off Has Completed 90% to 95%, Now is the Time to Enter

Market data shows that ETH has surpassed $2100, currently priced at $2100.72, with a 24-hour increase of 1.18%. The market is experiencing significant fluctuations, so please ensure proper risk management.

[ETH Surpasses $2100]Market data shows that ETH has surpassed $2100, currently priced at $2100.72, with a 24-hour increase of 1.18%. The market is experiencing significant fluctuations, so please ensure proper risk management.

ETH Surpasses $2100

Market data shows that BTC has surpassed $68,000, currently priced at $68,010.97, with a 24-hour increase of 0.04%. The market is experiencing significant volatility, so please ensure proper risk management.

[BTC Surpasses $68,000]Market data shows that BTC has surpassed $68,000, currently priced at $68,010.97, with a 24-hour increase of 0.04%. The market is experiencing significant volatility, so please ensure proper risk management.

BTC Surpasses $68,000

As of April 1, according to market news, Spain's CaixaBank has received authorization as a Crypto Asset Service Provider (CASP) under the EU's MiCA regulations, becoming the sixth licensed bank in the country to offer clients services for the custody, trading, and transfer of crypto assets. The six authorized institutions in order are BBVA, Openbank (under the Santander Group), Cecabank, Renta 4 Banco, Kutxabank, and CaixaBank. BBVA was the first to be approved in 2025 and officially launched Bitcoin and Ethereum trading and custody services in July of the same year. The MiCA authorization acts as a 'regulatory passport' within the EU, allowing licensed institutions to operate legally without needing to apply in each individual country. Spain's transition period will end on June 30, 2026, after which unauthorized institutions will be prohibited from offering crypto asset services.

[Six Banks in Spain Now Offer Bitcoin Trading Services]As of April 1, according to market news, Spain's CaixaBank has received authorization as a Crypto Asset Service Provider (CASP) under the EU's MiCA regulations, becoming the sixth licensed bank in the country to offer clients services for the custody, trading, and transfer of crypto assets. The six authorized institutions in order are BBVA, Openbank (under the Santander Group), Cecabank, Renta 4 Banco, Kutxabank, and CaixaBank. BBVA was the first to be approved in 2025 and officially launched Bitcoin and Ethereum trading and custody services in July of the same year. The MiCA authorization acts as a 'regulatory passport' within the EU, allowing licensed institutions to operate legally without needing to apply in each individual country. Spain's transition period will end on June 30, 2026, after which unauthorized institutions will be prohibited from offering crypto asset services.

Six Banks in Spain Now Offer Bitcoin Trading Services

On April 1, according to HTX data, Bitcoin has risen above $68,000, with a 24-hour increase of 1.94%.

[Bitcoin Surpasses $68,000 with a 24-Hour Increase of 1.94%]On April 1, according to HTX data, Bitcoin has risen above $68,000, with a 24-hour increase of 1.94%.

Bitcoin Surpasses $68,000 with a 24-Hour Increase of 1.94%

On April 1, Iranian media and witnesses reported that the scale of the explosion in Tehran was unprecedented. (Jinshi)

[Unprecedented Explosion Scale Reported in Tehran by Iranian Media and Witnesses]On April 1, Iranian media and witnesses reported that the scale of the explosion in Tehran was unprecedented. (Jinshi)

Unprecedented Explosion Scale Reported in Tehran by Iranian Media and Witnesses

[Explosion in Tehran Described as 'Unprecedented' by Media and Witnesses]On April 1, Iranian media and witnesses reported that the scale of the explosion in Tehran was unprecedented. (Jinshi)

Explosion in Tehran Described as 'Unprecedented' by Media and Witnesses

According to News.bitcoin, the U.S. economy has been struggling with inflation running rampant and investors are eagerly waiting for the U.S. Federal Reserve to announce the next federal funds rate hike next month. Harris Kupperman, the founder of the hedge fund Praetorian Capital, believes the onslaught of Fed rate hikes could very well “blow up the Treasury.” Kupperman claims an “avalanche is in motion” as he believes the Fed is currently trapped and despite talking tough, he believes the Fed will need to pivot on raising the FFR. Furthermore, amid the gloomy macro trends, the chief marketing officer at Fluid Finance, Jessica Walker, says the failing economy and floundering fiat currencies reveal the true benefits of cryptocurrencies.

Detail

【Analysts say an onslaught of Fed rate hikes could very well “blow up the Treasury”】According to News.bitcoin, the U.S. economy has been struggling with inflation running rampant and investors are eagerly waiting for the U.S. Federal Reserve to announce the next federal funds rate hike next month. Harris Kupperman, the founder of the hedge fund Praetorian Capital, believes the onslaught of Fed rate hikes could very well “blow up the Treasury.” Kupperman claims an “avalanche is in motion” as he believes the Fed is currently trapped and despite talking tough, he believes the Fed will need to pivot on raising the FFR. Furthermore, amid the gloomy macro trends, the chief marketing officer at Fluid Finance, Jessica Walker, says the failing economy and floundering fiat currencies reveal the true benefits of cryptocurrencies.

Analysts say an onslaught of Fed rate hikes could very well “blow up the Treasury”

Article

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Analysts say an onslaught of Fed rate hikes could very well “blow up the Treasury”

Descargo de responsabilidad：El contenido anterior no representa las posiciones de HTX.，HTX no ofrece ninguna recomendación de trading.。

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