hodler

7 Apr 2026, 14:49

Bitcoin Near $70K but Going Nowhere: Analyst Says Boredom Wears Down Holders Faster Than Crashes

Bitcoin (BTC) briefly touched $70,000 on April 6, according to data from CoinGecko, then almost immediately fell back, leaving traders right where they have been for the last two months. Analyst Scott Melker has explained why that kind of stagnation can do more damage than a sharp drop ever could. The Sideways Trap Melker, known on X as The Wolf of All Streets, traced the current malaise to a low of $62,353 on February 5, after which, according to him, nothing much has happened. “At 60 days, we’re barely getting started,” he wrote, warning that “this could stretch another 100 days, or resolve lower and reset the entire process.” The trader’s worry is not a crash. It is something harder to defend against: the quiet erosion of conviction that comes from watching an asset go nowhere week after week. He reached back to three periods that played out the same way. The first instance occurred after BTC’s 2019 run to $14,000, with the cryptocurrency bleeding lower for 161 days, pulling buyers in on each recovery only to disappoint them again. Then, after the Luna collapse in 2022, Bitcoin just sat there near $18,000 to $22,000 for nearly five months, not crashing, not recovering, not doing much of anything. Finally, the market also hit a doldrum after the 2023 banking crisis rally, where Melker says Bitcoin spent about 220 days pinned between $25,000 and $30,000, with every bounce looking like the real deal before it faded. “All of these instances dragged on just long enough to wear investors down,” Melker wrote. “Not through fear, but through boredom.” Recent price data reflects that indecision, with Bitcoin trading near $69,000, after briefly touching $70,000 in the past 24 hours. It moved between $68,300 and $70,250 during that period, while the 7-day range sits between $66,000 and $70,000, per CoinGecko. No Clean Entry, No All-Clear Signal Melker’s broader point is that there is no satisfying way out of this. “There’s no telling where the bottom will be, but the consensus still feels like it’s leaning lower, and if price follows, those expectations will just keep shifting down with it,” he wrote. The irony he keeps circling back to: the prolonged chop is technically an accumulation window, but it never feels like one. According to him, the sales last longer than expected, and prices always go lower right when it feels like the bottom is in. Other analysts are skeptical of the recent bounce, too, with some flagging the weekend rally as a potential bull trap. One market watcher, Ted Pillows, pointed to the $69,000 to $70,000 zone as resistance, saying that, if it holds, it could push Bitcoin back below $66,000. The post Bitcoin Near $70K but Going Nowhere: Analyst Says Boredom Wears Down Holders Faster Than Crashes appeared first on CryptoPotato .

7 Apr 2026, 14:48

CME AVAX and SUI Futures on May 4

CME Group plans to launch AVAX and SUI futures contracts on May 4. With contract details, technical analysis, and traditional finance integration, SUI is giving downtrend signals at $0.87. Institut...

7 Apr 2026, 14:43

US Spot Bitcoin ETFs Draw $471M as BTC Nears $70K; LiquidChain Pitches Layer-3 DeFi Buildout

U.S. spot Bitcoin ETFs took in $471 million on Monday, marking their strongest single-day inflow since 25 February and helping drive Bitcoin back toward the $70,000 level. The move points to a renewed pickup in institutional demand even as macro risks remain in focus. Traders are increasingly positioning for a larger volatility event into mid-Q2, with markets also factoring in a steadier interest-rate backdrop and possible easing in Middle East tensions. As capital returns to crypto, some investors are also rotating beyond Bitcoin into infrastructure projects aimed at addressing blockchain scalability. Among them is LiquidChain (LIQUID) , a Layer 3 network targeting high-frequency trading and complex decentralized applications. Bitcoin had spent weeks consolidating between $65,000 and $68,000, but recent price action suggests sentiment is improving. The $70,000 area, previously viewed as a psychological ceiling, is now being watched as support, while 24-hour trading volume has risen 35% to $52 billion. Analysts continue to point to a potential supply squeeze as ETF issuers absorb Bitcoin faster than new coins are mined. Michaël van de Poppe (@CryptoMichNL), founder of MN Consultancy, said Bitcoin is showing strength and that the market may be entering a fresh expansion phase. https://twitter.com/CryptoMichNL/status/204122794227395017641227942273950176 On-chain data has also supported the more constructive view. The Cumulative Value Days Destroyed (CVDD) floor has recently reset , a signal often interpreted as evidence that long-term holders have completed a distribution cycle and that a new floor may be forming. At the same time, Bollinger Bands on the daily chart are at their tightest levels in years, indicating compressed volatility. Historically, similar setups have preceded moves of 40% or more, leaving traders focused on the likelihood of a sharp breakout rather than continued sideways trade. Why scalability plays are drawing attention While Bitcoin remains the market’s primary store-of-value trade, a higher-risk appetite is also benefiting projects tied to network capacity and execution speed. That backdrop has put Layer 3 protocols such as LiquidChain (LIQUID) on investors’ radar. LiquidChain is building a Layer 3 network that sits on top of existing Layer 2 systems, with a focus on decentralized finance and gaming use cases. The project says it aims to connect Bitcoin, Ethereum, and Solana in a unified execution layer spanning the three largest blockchain ecosystems. According to the project, its infrastructure uses ZK-rollup technology to offer sub-second block times and near-zero gas fees while relying on the security of underlying networks. The architecture is intended to support high-throughput applications that are harder to run efficiently on traditional chains. The LIQUID token is designed for gas fees, governance, and staking within the ecosystem. LiquidChain says early users can already access staking with rewards of up to 42% APY, while interest has increased ahead of a mainnet launch expected later this quarter. The project also says its community has grown by more than 50% over the past month. LiquidChain access and staking options Users interested in the project can visit the official LiquidChain website , connect a supported crypto wallet, and review the available documentation and community resources. The platform says it supports multiple wallets and offers bridging from major Layer 2 networks. It also points users to the Best Wallet app, available via the Apple App Store and Google Play , for integrated support for ecosystem tokens, including LIQUID. After acquiring tokens, users can participate in early staking, which the project says currently offers up to 42% APY. For updates, users can follow LiquidChain on X and join the official Telegram group . Visit LiquidChain. The post US Spot Bitcoin ETFs Draw $471M as BTC Nears $70K; LiquidChain Pitches Layer-3 DeFi Buildout appeared first on Cryptonews .

7 Apr 2026, 14:42

CME Set to Launch Avalanche, Sui Futures Ahead of 24/7 Crypto Derivatives Trading Shift

CME Group is adding to its list of crypto derivatives contracts, expanding to include Avalanche and Sui in early May.

7 Apr 2026, 14:40

WTI Crude Oil Skyrockets 3.75%, Shattering $117 Barrier Amid Supply Fears

BitcoinWorld WTI Crude Oil Skyrockets 3.75%, Shattering $117 Barrier Amid Supply Fears In a significant move for global energy markets, WTI crude oil surged 3.75% during Thursday’s trading session, decisively breaking through the $117 per barrel mark. This sharp increase, recorded in New York on March 20, 2025, represents one of the most substantial single-day gains this quarter, sending ripples across financial markets and raising concerns about inflationary pressures worldwide. Consequently, analysts are scrutinizing a confluence of geopolitical and fundamental factors driving this volatility. WTI Crude Oil Price Surge Analysis The WTI crude oil price jump from approximately $112.80 to over $117 represents a major technical and psychological breakthrough. Firstly, this move occurred on elevated trading volume, confirming strong institutional participation. Moreover, the settlement above $117 establishes a new near-term resistance level for the commodity. Historical data from the U.S. Energy Information Administration shows that prices at this level have not been sustained since the third quarter of 2023. Therefore, market structure appears fundamentally tight. Several immediate catalysts contributed to this rally. Notably, the American Petroleum Institute reported a larger-than-expected drawdown in U.S. crude inventories. Simultaneously, escalating tensions in key oil-producing regions disrupted supply chain expectations. Furthermore, the U.S. Dollar Index showed slight weakness, which typically supports dollar-denominated commodities like oil. These factors combined to create a perfect storm for bullish traders. Geopolitical and Supply Chain Context Beyond the day’s trading data, deeper structural issues underpin the oil price surge . Persistent geopolitical instability along major shipping routes continues to threaten global supply. Additionally, OPEC+ has maintained its production discipline, leaving little spare capacity to respond to sudden shocks. Meanwhile, global demand projections, particularly from emerging Asian economies, remain robust despite broader economic headwinds. The following table outlines key supply-side factors influencing the current market: Factor Impact Region Production Cuts Reduced Spare Capacity OPEC+ Nations Shipping Disruptions Increased Transport Costs & Delays Strategic Maritime Chokepoints Refinery Maintenance Tighter Product Inventories North America & Europe Strategic Reserve Releases Diminishing Buffer IEA Member Countries Expert Market Perspectives Energy market analysts from leading financial institutions provide critical context. For instance, a senior commodity strategist at a major investment bank noted, “The market is pricing in a sustained deficit. Inventory data and forward curves both signal that physical availability is tightening faster than anticipated.” This view is supported by the steepening of the futures curve into deeper backwardation, where near-term contracts trade at a premium to later dates—a classic sign of immediate supply concern. Similarly, a director at an energy consultancy firm highlighted infrastructure constraints. “Investment in new production has lagged behind demand growth for several years. The capital discipline exercised by producers since the 2020 price crash has a long tail. We are now seeing the structural impact of that underinvestment,” they explained. This analysis points to a fundamental, rather than purely speculative, driver for higher prices. Economic and Sectoral Impacts The rally in WTI crude oil prices carries immediate implications. Primarily, transportation costs are set to rise, affecting everything from consumer goods to industrial logistics. Subsequently, energy-intensive industries, such as manufacturing and aviation, face mounting input cost pressures. In turn, this development complicates central banks’ efforts to tame inflation, potentially delaying interest rate cuts. Market reactions were swift and broad-based: Energy Equities: Major oil exploration and production companies saw share prices rise 2-5%. Alternative Energy: Solar and wind ETF volumes increased as investors hedged exposure. Currency Markets: Commodity-linked currencies like the Canadian Dollar strengthened. Consumer Sentiment: Surveys indicate growing concern over gasoline prices. Conversely, the natural gas market showed a muted response, indicating the move was specific to crude oil fundamentals rather than a broad energy sector shift. Historical Comparison and Future Trajectory Comparing the current $117 oil environment to previous periods offers valuable insight. For example, the 2022 price spike was driven by a sudden, acute geopolitical shock. The current ascent, however, appears more gradual and rooted in a slower-building supply-demand imbalance. This suggests potentially greater staying power if underlying conditions persist. Key variables to monitor include: The pace of global economic activity, especially in China. Progress in diplomatic efforts to ease regional conflicts. Weekly U.S. inventory reports and drilling rig count data. OPEC+ communication regarding its production policy. Technically, the next significant resistance level for WTI sits near the $120-122 range, a zone that capped rallies in early 2023. A sustained break above $117, therefore, opens the path for a test of that higher threshold. Conclusion The 3.75% surge in WTI crude oil to over $117 a barrel marks a pivotal moment for energy markets in 2025. This movement reflects a complex interplay of tight physical supplies, geopolitical risk premiums, and resilient demand. While daily volatility is inherent to commodity trading, the breach of this key price level signals a market reassessing longer-term scarcity. Consequently, consumers, businesses, and policymakers must prepare for a landscape where energy costs exert sustained upward pressure on the global economy. The trajectory of WTI crude oil will remain a primary indicator of broader macroeconomic health in the coming months. FAQs Q1: What does WTI stand for? A1: WTI stands for West Texas Intermediate. It is a specific grade of crude oil used as a benchmark in oil pricing, primarily sourced from the United States and known for its relatively low density and sulfur content. Q2: What is the difference between WTI and Brent crude oil? A2: Brent crude is a major benchmark for oil sourced from the North Sea. It typically trades at a slight premium to WTI due to factors like transportation costs and regional supply-demand dynamics. WTI is often considered the benchmark for the U.S. market. Q3: How does a rising oil price affect inflation? A3: Higher oil prices increase costs for transportation, manufacturing, and energy production. These increased costs are often passed through the supply chain, leading to higher prices for goods and services, which contributes directly to broader measures of inflation like the Consumer Price Index (CPI). Q4: Who benefits from higher crude oil prices? A4: Primary beneficiaries include oil-producing companies, oil-exporting nations, and energy sector investors. Conversely, it can pressure industries with high energy costs (like airlines and shipping) and consumers facing higher fuel and heating bills. Q5: What does a 3.75% single-day move mean for oil markets? A5: In the context of a major, liquid commodity like crude oil, a near-4% single-day gain is considered a significant volatile move. It often indicates a strong reaction to new fundamental information, a shift in market sentiment, or the triggering of automated trading algorithms around key technical levels. This post WTI Crude Oil Skyrockets 3.75%, Shattering $117 Barrier Amid Supply Fears first appeared on BitcoinWorld .

7 Apr 2026, 14:30

XRP Price Will Trade At $1,000 If This Happens; Analyst

A crypto commentator has put forward a bold prediction for XRP, arguing that a return to its 2017-style growth could send the asset into four-digit territory. Taking to the social media platform X, The Real Remi Relief pointed to the magnitude of XRP’s previous cycle and laid out how a similar percentage move from the current price range would place the cryptocurrency trading above $1,000. Looking At The 2017 XRP Price Blueprint According to a crypto commentator known as The Real Remi Relief on X, we will have a $1000 XRP if we continue to follow the 2017 bull run. To understand the weight of the claim, it helps to revisit what 2017 actually looked like for XRP. Back in 2017, XRP entered the year trading at roughly $0.006, largely flying under the radar compared to other major cryptocurrencies at the time. Momentum began to build in the first half of the year, and by May, the price had already surged past $0.40 as the entire crypto market picked up speed. Even so, that early rally only hinted at what was to come. Related Reading: Analyst Who Called Bitcoin Price Crash Above $100,000 Predicts Crash To $29,000 However, it wasn’t until December 2017 when the real price surge came. This surge pushed XRP to close the year above $2.30, before eventually rolling over into January 2018, where it printed its previously long-standing peak price of $3.40. That rally amounted to an extraordinary 76,000% increase within a single cycle, and it occurred when the crypto market lacked many of the structural factors that are present today. There were no spot ETFs, no institutional allocations, and limited real-world utility tied to blockchain infrastructure. Despite that, XRP still managed to deliver one of the biggest price expansions ever recorded in the industry. Applying that same percentage gain to a current base price of $1.40, assuming the cycle bottom is in, yields a price target of $1,064. The Difference Between 2017 And Now There’s no denying the fact that there is a vast structural difference between the state of the crypto market in 2017 and 2026. The analyst is not predicting a carbon copy of 2017. He is using it as a floor. “Now add FOMO, institutions, utility, ETFs, supply shock, etc.,” he wrote, “and you will get my conservative $1,200-$1,700 price prediction.” Back in 2017, the market infrastructure was immature. Now, there is a more mature market with institutional investors in the mix and talks of passing US legislation for the crypto industry. Related Reading: Ripple Makes A $13 Trillion Bet With This Move, And XRP Price Could Be Set To Explode Spot XRP ETFs launched in November 2025, generating over $1 billion in net inflows since inception. Their presence adds a layer of accessibility that was previously missing, especially for traditional investors. A survey conducted by Coinbase in collaboration with EY-Parthenon, covering 351 institutional investors, shows that interest is not just theoretical. About 25% of respondents indicated plans to add XRP to their portfolios in 2026, while 18% reported that they already hold the asset. Featured image from Freepik chart from Tradingview.com