Invest ideasNews
24 Apr 2026, 08:30
Dogecoin Price Recovery Sends OI Above $1.2 Billion, But Is It Sustainable?
Following the bitcoin recovery above the $76,000 level last week, the Dogecoin price also saw a notable increase, rising by more than 10% in a 7-day period. This naturally saw a rise in interest in the meme coin and translated to a surge in its open interest. While this initial surge has been bullish, it now begs the question of whether the digital asset will be able to maintain this trajectory or risk another crash. Dogecoin Open Interest Reaches 2-Month Highs When the Dogecoin price surged past $0.1 recently, the open interest rose rapidly at the same time. The result of this surge was that the open interest had risen to levels not seen in more than two months. This pushed it toward the January 2026 highs, registering a notable change from the muted performance of the last two months. Related Reading: Strategy Overtakes BlackRock’s Bitcoin Holdings, But Is Saylor Done Buying? According to data from the on-chain tracking website, Coinglass, the Dogecoin open interest reached above $1.4 billion at its highest. While there has been a decline from this level, the Dogecoin open interest remains above the $1.2 billion mark, showing sustained interest in trading the meme coin. Usually, a rise in the open interest correlates with a rise in the asset’s price. So if the Dogecoin price continues its upward trajectory, then the rise in the open interest could continue. However, if the DOGE price does decline, then the open interest could take a nosedive again. DOGE Volume Decline Could Be Good For Price There has been a decline in the Dogecoin volume as the price seems to have turned downward again. But crypto analyst The Alchemist Trader explains that this could end up being a good thing for the price. In an analysis, the analyst points to this as being a consolidation phase. Related Reading: Analyst Sounds Bitcoin Warning: This Surge Above $78,000 Should Not Be Trusted Consolidation phases usually precede big moves, and looking at the fact that the Dogecoin price has maintained support above $0.07, the crypto analyst believes that the direction is likely to be upward. This will happen with a new volume influx and could lead to a bullish breakout. Once this happens, the analyst’s chart suggests that the Dogecoin price could see an over 40% increase as a result. Such a move would put the men coin price above the $1.4 level. “From a technical standpoint, as long as Dogecoin holds above the $0.07 support level, the structure remains favorable for a bullish breakout,” the analyst stated. “This level acts as a key foundation for buyers, and maintaining support here keeps the upside scenario intact.. Featured image from Dall.E, chart from TradingView.com
24 Apr 2026, 08:30
Analyst Says Everyone Misunderstood The M2-Bitcoin Relationship, Here’s What Happens
The relationship between Bitcoin and the M2 Global Money supply chart has been a long one in the making, with similarities over the years. Given that both of these have seemed to follow each other over the years, the M2 rising has been something that analysts have pointed out as bullish for Bitcoin. However, with the recent deviation, calls for the similarities have died down, with many believing that the correlation has ended. But one analyst has stood out, saying the chart is misunderstood. The Bitcoin Price Is Still Following The M2 Chart Crypto analyst KillaXBT shared a chart showing the M2 performance compared to the Bitcoin performance. But instead of just showing recent years, the analyst shows the correlation over the last three bull and bear market cycles, to show that the two have always followed each other. The analysis suggests that investors who have been plotting the two charts together have been doing it wrong and actually misunderstood how the correlation worked. According to KillaXBT, the deviation that has made people abandon the M2 chart is nothing out of the ordinary and is, in fact, following the correct trend . The current downside that the Bitcoin price is seeing, the analyst explains, actually follows what has happened in the past when the M2 had topped. The result for Bitcoin has always been a crash after the M2 reaches its peak, effectively plunging it into a bear market. As the crypto analyst explains, the sequence that the M2 tops and then Bitcoin tops is wrong. Rather, it is the other way around, where the Bitcoin price first reaches a top. Following this, the M2 continues to rise while the Bitcoin price ranges for a while. Then, once the M2 finally reaches its peak, it leads to a prolonged downtrend for Bitcoin . In the analysis, KillaXBT explained that the M2 has actually not topped. Hence, it continues to move upwards. If this analysis is correct, then it means that the Bitcoin decline is far from over, given that the price usually drops once the M2 peaks. Related Reading: Zachxbt Identifies Other Cryptos Like RAVE With The Same Trajectory, What Do They Have In Common? Given that this trend has been repeated in the last three cycles, the analyst explains that it is unlikely to decouple this time around. As a result, investors should brace for impact as to when the M2 finally peaks before Bitcoin can reach a bottom.
24 Apr 2026, 08:27
BTC Crowd Flips From Extreme Pessimism to Ultra FOMO as Price Nears $80K
Bitcoin’s social mood swung from one extreme to the other in roughly 72 hours this week, with on-chain analytics firm Santiment tracking a shift from deep fear to what it’s calling “ultra FOMO mode” between Monday and Thursday. The firm is now reading that crowd enthusiasm as a warning, not a green light. From Rejection to Recovery: What Actually Happened Monday looked rough. Bitcoin had just stalled near $76,000, negative commentary piled onto social platforms, and Santiment’s positive-negative sentiment ratio dropped hard into FUD territory. The firm flagged that as a buy signal. By Thursday, April 23, Bitcoin had recovered above $78,000 and was knocking on $80,000 again. As of writing, BTC is trading around $77,500, up by about 4% on the week and almost 10% over the past month per CoinGecko, though it’s still around 38% off the all-time high above $126,000 set in October 2025. Santiment posted earlier today that the ratio had flipped hard into “ultra FOMO mode” and called it a “clear caution signal,” adding that a sustained break above $80,000 would be more convincing if optimism pulled back slightly first. “Prices can continue to rally, and a breach above this resistance level would be massive in bringing in new and returning traders,” the firm wrote. “However, it will ideally happen when optimism calms down just slightly.” ETF flows were more straightforward, with Farside Investors logging $223 million in net inflows across US spot Bitcoin ETFs on April 23, where BlackRock’s IBIT accounted for $167.5 million of that. Wise Crypto noted IBIT has pulled in roughly $3 billion year-to-date, landing in the top 1% of all ETFs by inflows. Derivatives-Driven Rally Raises Questions About Durability Not all analysts agree BTC’s recent move was fully supported by strong demand. According to one of them, Carmelo Alemán, the rally from about $76,000 to $79,400 was largely driven by futures activity rather than spot buying. During that move, open interest went up from about $24.9 billion to $28 billion, while at the same time, short liquidations across Bitcoin and Ethereum were over $1.1 billion. This, per the market watcher, meant that a lot of leveraged bearish positions had to close, and that’s what drove prices up. While such rallies can be sharp, they can also be unstable if they’re not backed by sustained spot demand, and Alemán noted that this structure often leaves the market vulnerable to reversals if buying pressure fades. The post BTC Crowd Flips From Extreme Pessimism to Ultra FOMO as Price Nears $80K appeared first on CryptoPotato .
24 Apr 2026, 08:13
SpaceX fortifies defenses with Texas laws as IPO buzz builds
A regulatory filing made on Thursday allegedly says that Elon Musk’s SpaceX plans to rely on Texas law to make it harder for any hostile bidder or activist investor to force changes at the company. That includes efforts to buy control through a tender offer, start a proxy contest, or push out current officers and directors. For a company heading into what could be the biggest IPO ever, SpaceX is making it clear that nobody gets to walk in and start rearranging the furniture. The filing shows SpaceX wants leverage before the real Wall Street noise begins. The company is preparing for an IPO that could value it at about $1.75 trillion this summer. If that happens, SpaceX would pull space exploration deeper into the mainstream market and out of the purely speculative corner. That matters because once a company goes public, the pressure usually gets louder, faster, and far more annoying. SpaceX builds legal barriers as activist pressure rises across U.S. markets In the filing, SpaceX said some parts of Texas law, along with its charter and bylaws, could make many types of corporate attacks more difficult, like “acquisitions of us by means of a tender offer, a proxy contest or otherwise, or removal of our incumbent officers and directors.” It also said the anti-takeover law in Texas is “expected to discourage coercive takeover practices and inadequate takeover bids.” The filing then added that anyone trying to make a play for SpaceX would need to “first negotiate with us.” That language lands at a time when activist investors are still busy. Barclays data showed that activists launched 41 campaigns at U.S. companies during the first quarter of 2026. That was up 3% from the year before. The sectors they targeted most were technology and industrials. SpaceX flags xAI probes while moon plans and IPO hype keep building The same prospectus also carried another issue that could matter to investors, which is the multiple investigations tied to xAI’s creation and spread of sexually abusive imagery may cause the company to lose access to some markets. In the risk section, the filing said agencies around the world were “actively investigating and making inquiries relating to social media or the use of AI” in areas such as advertising, consumer protection, and the distribution of harmful content. The filing said SpaceX faced “allegations that our AI products were used to create nonconsensual explicit images or content representing children in sexualized contexts.” It also said those inquiries could expose the company to lawsuits, liability, and government action, including “loss of access to certain markets, which has occurred in the past.” Under U.S. securities law, companies have to list risks like these in offering documents. That does not mean every bad outcome will happen. It means investors are being warned about what could go wrong before they buy in. Speaking at CNBC’s CONVERGE LIVE in Singapore, Voyager Technologies CEO Dylan Taylor said , “We’ll have humans on the moon by the end of the 2020s, and we’ll have some lunar base.” He said that base would likely be an inflatable habitat with life support. Dylan also said that by 2032 or 2033, people in places like upstate New York could look up and see lights on the moon because people would be living and working there. On the same panel, Commercial Space Federation president Dave Cavossa said the U.S. is “by far” the world leader in commercial space. A Deutsche Bank note from February said the moon economy is close to a boom. At the same time, SpaceX has been meeting analysts this week ahead of the IPO. In a February social media post, Elon Musk said SpaceX is focused on “building a self-growing city on the Moon” and said it could happen in under 10 years. That leaves SpaceX trying to do two things at once: sell the public on a giant market debut while locking down control before the crowd shows up. Your keys, your card. Spend without giving up custody and earn 8%+ yield on your balance with Ether.fi Cash.
24 Apr 2026, 08:10
Bitcoin Technicals Improve: A Promising Rebound Amid Lingering BTC Price Uncertainty
BitcoinWorld Bitcoin Technicals Improve: A Promising Rebound Amid Lingering BTC Price Uncertainty Bitcoin technicals improve this week, offering a glimmer of hope for traders, but short-term BTC price uncertainty remains a dominant theme. According to a new analysis from cryptocurrency financial services firm BIT, formerly known as Matrixport, the digital asset is currently rebounding near a critical support level. The firm emphasizes that while key indicators flash buy signals, the market still lacks decisive momentum. Bitcoin Technicals Improve: Key Indicators Flash Positive Signals The latest report from BIT highlights a clear shift in Bitcoin’s technical landscape. The Relative Strength Index (RSI) has moved out of oversold territory and now points upward. Simultaneously, the Moving Average Convergence Divergence (MACD) has generated a bullish crossover. These two signals typically suggest that selling pressure is easing. However, BIT cautions that these improvements are not yet confirmed by volume. Trading volume remains insufficient to guarantee a sustained rally. This is a classic divergence: price action improves, but participation lags. Understanding the RSI and MACD Signals The RSI measures the speed and change of price movements. A reading below 30 indicates an oversold condition, while a move above 50 signals growing bullish momentum. Bitcoin’s RSI has recently climbed above 50. The MACD, which tracks the relationship between two moving averages, has also crossed above its signal line. Both are textbook buy signals. Yet, BIT notes that these signals are only reliable when accompanied by strong volume. Without it, the rally risks being a short-lived dead cat bounce. BTC Price Uncertainty Persists Despite Technical Improvements Despite the encouraging chart patterns, BTC price uncertainty remains the defining feature of the current market. BIT points to several factors that could derail the recovery. The most critical is the need for a decisive breakout above the 200-day moving average (MA) on the daily chart. This long-term trendline has acted as strong resistance. Until Bitcoin closes decisively above this level, the market remains in a neutral-to-bearish phase. Traders should not mistake a bounce for a reversal. Another layer of uncertainty comes from the macroeconomic environment. Interest rate decisions, inflation data, and regulatory news continue to influence risk assets. Bitcoin, often correlated with tech stocks, reacts sharply to changes in liquidity conditions. BIT advises that short-term traders should remain cautious. A wait-and-see approach is currently the most effective strategy. Bitcoin ETF Inflows: The Key Determinant for Future Price Movements BIT identifies continued Bitcoin ETF inflows as the single most important factor for the next leg higher. Spot Bitcoin ETFs have seen a resurgence of capital in recent weeks. This institutional buying provides a solid floor under prices. However, the pace of inflows has been inconsistent. Some days see large net purchases, while others show outflows or flat activity. This inconsistency fuels BTC price uncertainty. The firm explains that sustained inflows are necessary to absorb selling pressure from short-term holders and miners. Without them, any rally will likely fail. Investors should monitor daily ETF flow data closely. A multi-day streak of positive inflows would significantly improve the outlook. Conversely, a sudden reversal could trigger a sharp sell-off. Institutional Investment Trends Beyond ETFs, broader institutional investment trends are also encouraging. Major corporations and asset managers are increasing their Bitcoin exposure. Publicly traded companies continue to add BTC to their treasuries. This long-term accumulation contrasts with the short-term uncertainty in price. BIT notes that this divergence is typical during market bottoms. Smart money accumulates while retail hesitates. Short-Term Profit-Taking Risk Looms Over BTC While the technical picture brightens, the risk of short-term profit-taking remains elevated. Many traders who bought during the recent dip are now sitting on gains. The temptation to lock in profits could cap any immediate upside. BIT warns that this profit-taking behavior is especially common near resistance levels like the 200-day MA. A sudden wave of selling could invalidate the bullish signals. To manage this risk, BIT recommends a disciplined approach. Investors should set clear entry and exit points. Stop-loss orders are essential. The market is not yet in a clear uptrend. Patience is a virtue in this environment. Rushing into positions without confirmation often leads to losses. Wait-and-See Approach: BIT’s Recommended Strategy Given the mixed signals, BIT advocates for a wait-and-see approach. This means staying on the sidelines until Bitcoin breaks above the 200-day MA with strong volume. Confirmation is key. A fakeout above the MA followed by a quick reversal would trap late buyers. BIT suggests that traders use this time to prepare. Monitor the technical indicators and fund flow trends daily. When the breakout happens, be ready to act. For medium to long-term investors, the strategy is different. BIT explains that these investors could consider buying on dips. The current price level offers a favorable risk-reward ratio for those with a multi-month horizon. The key is to accumulate gradually. Do not deploy all capital at once. Use dollar-cost averaging to smooth out volatility. The technical improvements suggest that the worst may be over, but only time will tell. Conclusion Bitcoin technicals improve this week, driven by bullish RSI and MACD signals. However, BTC price uncertainty persists due to insufficient volume and the looming 200-day MA resistance. Continued Bitcoin ETF inflows remain the critical variable for a sustained breakout. Short-term profit-taking risk adds another layer of complexity. BIT recommends a cautious, wait-and-see approach for short-term traders and a gradual accumulation strategy for long-term investors. The market is at a pivotal juncture. The next few days will likely determine the direction for the coming weeks. FAQs Q1: What does it mean when Bitcoin technicals improve? A: It means that key chart-based indicators, such as the RSI and MACD, are showing bullish signals. This suggests that buying pressure is increasing and selling pressure is decreasing, improving the probability of a price rally. Q2: Why does BTC price uncertainty remain despite technical improvements? A: Because technical signals need confirmation from volume and price action. Bitcoin has not yet broken above the 200-day moving average, and trading volume remains low. This creates a risk of false signals or short-lived rallies. Q3: How do Bitcoin ETF inflows affect the price? A: Spot Bitcoin ETF inflows represent institutional demand. Sustained inflows provide buying pressure that supports prices and absorbs selling. Inconsistent or negative inflows signal a lack of conviction and can lead to price declines. Q4: What is the 200-day moving average and why is it important? A: The 200-day moving average is a long-term trend indicator. A price above it is considered bullish, while a price below it is bearish. Breaking above this level with strong volume confirms a trend reversal. Q5: What is the best strategy for trading Bitcoin right now according to BIT? A: BIT recommends a wait-and-see approach for short-term traders. Wait for a confirmed breakout above the 200-day MA. For long-term investors, gradual buying on dips using dollar-cost averaging is suggested. This post Bitcoin Technicals Improve: A Promising Rebound Amid Lingering BTC Price Uncertainty first appeared on BitcoinWorld .
24 Apr 2026, 08:02
Bitcoin-holder Metaplanet raises $50 million to buy more BTC
Metaplanet has issued 8 billion yen, or about $50 million, in zero-interest bonds to fund additional bitcoin purchases.
