hodler

23 Apr 2026, 11:16

Bitcoin buyers show ‘renewed conviction’ with BTC price push toward $79K

Bitcoin reached multi-month highs at $79,000 as bulls regained control and exchange reserves tightened, signalling buyers returning and reduced sell pressure.

23 Apr 2026, 11:15

Bitcoin Resistance at $80K: Break-Even Selling Caps Upside, Risks Correction

BitcoinWorld Bitcoin Resistance at $80K: Break-Even Selling Caps Upside, Risks Correction Bitcoin is encountering formidable resistance near the $80,000 threshold. This price level marks a critical battleground for the world’s largest cryptocurrency. According to an analysis by CryptoSlate, which cites on-chain data from Glassnode, the average purchase price for Bitcoin buyers over the past 155 days sits at approximately $80,100. As the price approaches this zone, a significant volume of break-even selling emerges. This selling pressure effectively caps any immediate upside momentum. Understanding the $80K Bitcoin Resistance The $80,000 mark is not just a psychological barrier. It represents a cost-basis level for a large cohort of short-term holders. These investors, who bought Bitcoin within the last five months, are now seeing their positions break even. Consequently, many choose to sell, locking in zero profit or avoiding a loss. This behavior creates a supply wall that absorbs buying pressure. On-chain data reveals that the realized profit of short-term holders has surged to $4.4 million per hour. This figure is roughly three times the benchmark level observed during this year’s previous peak. Such a spike indicates intense selling activity. When prices hit this resistance, the market must absorb this flood of supply to move higher. Short-Term Holder Behavior and Market Impact Short-term holders are typically more reactive to price movements than long-term investors. Their cost basis, often tracked through metrics like the Short-Term Holder Cost Basis, provides a clear resistance zone. When Bitcoin trades near this level, these holders are incentivized to sell. This creates a self-reinforcing cycle of selling pressure. For context, the Short-Term Holder Cost Basis has historically acted as a key support or resistance level. During bull markets, it often flips to support. However, in the current environment, it is functioning as a hard ceiling. The $4.4 million per hour realized profit rate highlights the scale of this activity. It suggests that many holders are eager to exit their positions at break-even. ETF Inflows Slow Despite Ongoing Demand Spot Bitcoin ETFs continue to see inflows, but the pace has decelerated. This slowdown is a critical factor in the current price dynamics. Earlier this year, strong ETF demand helped propel Bitcoin to new highs. Now, reduced inflows mean less buying power to counterbalance the selling pressure. According to market data, weekly net inflows into US spot Bitcoin ETFs have fallen by nearly 40% from their peak in March. While institutional interest remains positive, the momentum has clearly waned. This shift reduces the market’s ability to absorb the supply from short-term sellers. Potential Correction to $75,000 CryptoSlate’s analysis suggests that a correction to the $75,000 range is possible. This scenario would unfold if demand fails to sufficiently absorb the selling pressure. The $75,000 level represents a previous support zone and a psychological floor. A drop to this level would likely trigger stop-losses and further selling, but it could also attract new buyers. Historical patterns show that Bitcoin often retests support levels after failing to break resistance. The $75,000 zone aligns with the 50-day moving average, adding technical significance. If the price falls to this level, it would represent a correction of roughly 6% from current levels. Such moves are common in Bitcoin’s volatile market. Broader Market Context and Sentiment The broader cryptocurrency market is also feeling the impact. Altcoins often follow Bitcoin’s lead, and a period of consolidation or correction could spread. Market sentiment, as measured by the Crypto Fear & Greed Index, has slipped from ‘Greed’ to ‘Neutral’ over the past week. This shift reflects growing caution among traders. Macroeconomic factors also play a role. Rising interest rates and a stronger US dollar have historically weighed on risk assets like Bitcoin. The current environment, with persistent inflation concerns, adds another layer of uncertainty. Traders are watching Federal Reserve signals closely for any impact on liquidity. Key On-Chain Metrics to Watch Several on-chain metrics provide insight into the current market dynamics: Short-Term Holder Cost Basis: Currently at $80,100, acting as resistance. Realized Profit Rate: Surged to $4.4 million per hour, indicating heavy selling. Exchange Inflows: Increased as holders move coins to sell. ETF Flow Data: Slowing pace of net inflows reduces buying pressure. MVRV Ratio: Slightly above 2, suggesting the market is not overheated. These metrics collectively paint a picture of a market at a crossroads. The selling pressure is real, but demand remains present. The next move depends on which force prevails. Historical Precedents and What to Expect Bitcoin has faced similar resistance levels in the past. In early 2024, the $70,000 level acted as a strong barrier before breaking higher. The pattern of break-even selling is a recurring theme in Bitcoin cycles. It often precedes a period of consolidation or a sharp correction. Analysts point to the 2021 cycle, where Bitcoin stalled near its realized price before resuming its uptrend. The current situation mirrors that pattern, but with higher stakes. The $80,000 level is a key psychological and technical hurdle. A sustained break above it would signal renewed bullish momentum. Conversely, a failure to hold could lead to a deeper pullback. Expert Perspectives on the Resistance Market experts emphasize the importance of patience. James Check, lead analyst at Glassnode, notes that break-even selling is a natural market mechanism. It helps establish a new equilibrium. He suggests that a period of sideways trading or a modest correction is healthy for the long-term trend. Other analysts highlight the role of derivatives markets. Open interest in Bitcoin futures has declined, indicating reduced speculative activity. This reduction could dampen volatility but also limit upside potential. The combination of on-chain and derivatives data suggests a cautious outlook. Conclusion Bitcoin’s resistance at $80,000 is a defining moment for the market. Break-even selling from short-term holders, driven by a cost basis of $80,100, is creating a supply wall. While ETF inflows continue, their slowing pace limits the buying power needed to absorb this pressure. A correction to $75,000 is a real possibility if demand falters. Investors should monitor on-chain metrics and ETF flows closely. The coming weeks will determine whether Bitcoin can break through this resistance or faces a deeper retracement. FAQs Q1: Why is $80,000 a resistance level for Bitcoin? The $80,000 level aligns with the average purchase price for short-term holders over the past 155 days. As prices approach this level, many holders sell to break even, creating selling pressure. Q2: What is break-even selling? Break-even selling occurs when investors sell an asset at the same price they bought it, avoiding a loss. In Bitcoin’s case, holders who bought near $80,100 are now selling to exit without profit or loss. Q3: How do ETF inflows affect Bitcoin’s price? ETF inflows represent institutional buying demand. When inflows slow, there is less capital to absorb selling pressure, making it harder for Bitcoin to break resistance levels. Q4: Could Bitcoin drop to $75,000? Yes, a correction to $75,000 is possible if selling pressure exceeds demand. This level has historical support and aligns with the 50-day moving average. Q5: What on-chain metrics should I watch? Key metrics include the Short-Term Holder Cost Basis, realized profit rate, exchange inflows, and ETF flow data. These provide insight into market dynamics and potential price moves. This post Bitcoin Resistance at $80K: Break-Even Selling Caps Upside, Risks Correction first appeared on BitcoinWorld .

23 Apr 2026, 11:14

Bitcoin's bullish momentum runs into Pentagon-backed inflation warning

What you need to know for April 23, 2026

23 Apr 2026, 11:13

Ripple Prints $49 Million RLUSD as 'North Star' XRP Seeks Buyers Support; Shiba Inu (SHIB) Achieves Key Coinbase-Focused ETF Listing; Bitcoin Price Maintains $9...

Ripple mints $49 million RLUSD as company's 'North Star' XRP nears a risky zone, SHIB joins the Coinbase ETF elite, and Bitcoin holds its $96,600 price target despite the oil shock on Hyperliquid.

23 Apr 2026, 11:12

ADA Price Slips 2.95% as Cardano Expands Payments With Visa Card

Cardano launched a physical Visa debit card for ADA. ADA price fell 2.95% in 24 hours and stayed near session lows. Bears lead bulls, with the ADA price still moving inside a weak structure. During today’s Asian trading session, the ADA -3.87% opened at $0.25. This opening price did not hold, and the price entered a downward trend, settling below it. This dip comes at a time when Cardano has debuted a physical Visa debit card. Cardano Rolls Out Physical Visa Debit Card for Payments Cardano has introduced a debit card for ADA and hundreds of other digital assets. The launch extends the network beyond virtual cards and brings in-store and online spending support. EMURGO and Wirex built the product, while Visa supplies the payment rails. The Cardano Card lets users spend ADA and more than 680 digital assets at Visa merchants. Users can also make purchases, online payments, and transactions via Apple Pay and Google Pay. Wirex manages the card and gives users balance tools, records, and controls. The companies has said that the card is available in more than 130 countries, although local rules still affect access. They also said issuance fees and delivery charges vary by region, depending on local market terms. The product targets domestic purchases, foreign spending, and cash withdrawals through supported global ATMs. ADA Price Stays Under Pressure After Fresh 24-Hour Slide Despite the introduction of cards as a means of payment, the ADA price has reacted slightly, dipping in response. According to CoinMarketCap data at the time of press, Cardano’s price trades at $0.2474, down 2.95% over the past 24 hours. A deep dive indicates that the ADA price has fallen in uneven steps rather than in a single continuous slide. Source: CoinMarketCap Small upward moves appear early, but each recovery loses strength and fails to reverse direction. ADA price then slips below $0.252 and keeps forming lower rebounds across the session. The decline deepens later, with the ADA price falling under $0.250 and then pressing toward $0.246. A brief rebound follows, yet the recovery remains limited overall and stays below earlier levels. Cardano price movement remains mostly negative, with short pauses interrupting a broader downward structure for most of it. The late move lifts Cardano’s price slightly, though it still holds close to session lows. The session records repeated lower levels, and momentum weakens each time the price attempts to recover. Cardano price maintains a descending path and ends the period near the lower end. ADA Price Eyes Range Break as Bears Keep Narrow Control The 24-hour ADA price trend adds more pressure to a dip that has persisted for a month, pushing it up by over 6%. This fall has placed Cardano’s price in the bearish zone, with no bull pressure formation. To validate this, a TradingView technical analysis reveals that Cardano’s price has followed a long downward regression channel running from October into early February. Within that span, price records repeated lower highs and lower lows across the channel boundaries. Source: TradingView (ADA/USD) The regression reading near 0.916 indicates the decline stayed orderly through most candles inside that formation. After the channel break, price movement shifts into a flatter range with much smaller daily swings. The bull versus bear count covers 1,862 candles and gives bears a narrow lead overall. Bears post 958 candles, while bulls post 899 candles. That leaves bears at 51.45 percent and bulls at 48.28 percent of total candles. The gap remains small, yet bears still control the larger share of recorded sessions. Draw candles account for five sessions, which equals 0.27%. By this measure, bears dominate the current structure, while bulls remain slightly behind across the dataset. ADA -3.87% now moves in a tight range after a long decline, so the next move looks compressed. If that range breaks lower, the price could extend the bearish structure already visible on the daily view. If price clears the recent sideways ceiling, a short relief move could follow before trend direction resets.

23 Apr 2026, 11:10

BTC Options Traders Hedge Aggressively, Casting Doubt on $80K Rally Sustainability

BitcoinWorld BTC Options Traders Hedge Aggressively, Casting Doubt on $80K Rally Sustainability New York, NY – March 27, 2025 – A wave of aggressive hedging by BTC options traders is raising questions about the sustainability of Bitcoin’s recent push above $75,000. According to a report from DL News, market participants are buying long-term put options at an accelerated pace, signaling a lack of full confidence in a continued rally toward the $80,000 mark. BTC Options Traders Show Caution Despite Price Gains Bitcoin’s price action has been impressive in recent weeks. The leading cryptocurrency broke through the $75,000 resistance level, sparking optimism among retail investors. However, professional BTC options traders are not celebrating. Instead, they are preparing for a potential downturn. Nathan Batchelor, managing partner at the crypto trading data platform Biyond, provided key insights. He analyzed current options positions and noted a clear pattern. “Traders are not fully confident in BTC’s recent move above $75,000,” Batchelor stated. He explained that while a high concentration of call options exists near the $80,000 strike price, aggressive hedging movements remain dominant. This behavior creates a complex market dynamic. On one hand, if BTC maintains its current range until Friday’s expiration, the call option concentration could trigger an attempt to reclaim $80,000. On the other hand, the simultaneous hedging activity suggests many traders expect a pullback. Put Options Demand Surges for Long-Term Expirations The hedging activity is not limited to short-term contracts. Antoine Lours, head of options at crypto market maker Keyrock, highlighted a significant trend. He observed higher demand for put options with May, June, and December expirations. “Traders have their largest exposure around the $80,000 mark,” Lours explained. He noted that this positioning suggests an anticipation of the price settling there rather than declining sharply. However, the demand for longer-dated puts tells a different story. It indicates skepticism about a long-term rally, Lours added. This divergence between short-term positioning and long-term hedging is a classic sign of market uncertainty. BTC options traders are essentially placing two bets: one that prices will hold near $80,000 in the near term, and another that a decline is coming later in the year. Understanding the Options Market Dynamics To grasp the significance of this activity, one must understand how options work. A call option gives the buyer the right to purchase Bitcoin at a specific price. A put option gives the right to sell. When traders buy puts, they are hedging against a price drop. The current data shows a clear imbalance. While open interest for calls is high at $80,000, the volume of put buying for future months is growing faster. This suggests that BTC options traders are using short-term calls to capture potential gains, but they are protecting those gains with long-term puts. This strategy is known as a collar or a protective put. It limits upside potential but also caps downside risk. It is a conservative approach, often used when traders are unsure about the direction of the market. Bitcoin Options Expiration: A Key Catalyst The upcoming Bitcoin options expiration is a major event for the market. Every month, a large number of options contracts expire. This can lead to increased volatility as traders roll over their positions or let them expire worthless. For this expiration, the max pain point—the price at which the most options expire worthless—is a critical level. If BTC settles near this point, it could trigger significant movements. The data suggests that BTC options traders are positioning for a settlement near $80,000, but they are not betting on a breakout above that level. Batchelor from Biyond emphasized that if Bitcoin maintains its current range until Friday, the high concentration of call options could force market makers to buy BTC to hedge their positions. This buying pressure could push prices higher. However, the aggressive hedging movements indicate that this is not a guaranteed outcome. Market Sentiment: Skepticism vs. Optimism The sentiment among BTC options traders is a mixed bag. On one hand, the high open interest for calls at $80,000 shows optimism. Many traders believe Bitcoin can reach that level. On the other hand, the demand for long-term puts reveals deep skepticism. This is not a bullish or bearish signal in isolation. It is a sign of uncertainty. The market is pricing in two possible scenarios: a short-term rally to $80,000 followed by a correction, or a failure to hold current levels leading to a sharper decline. Keyrock’s Lours pointed out that the put demand is concentrated in later months. This implies that traders expect any rally to be short-lived. They are preparing for a downturn in the second half of 2025. Expert Analysis: What This Means for Bitcoin Professional traders often use options data to gauge market sentiment. The current data suggests that the smart money is cautious. While retail investors may be buying the dip, institutional players are hedging their bets. This behavior is typical during periods of rapid price appreciation. After a strong move, it is natural for traders to take profits and protect their gains. The aggressive hedging by BTC options traders is a textbook example of risk management. However, it also raises questions about the sustainability of the rally. If the largest players in the market are not confident in a continued uptrend, it may be a warning sign for smaller investors. Impact on the Broader Crypto Market The hedging activity is not limited to Bitcoin. Other cryptocurrencies are also affected. When BTC options traders hedge aggressively, it often leads to increased volatility across the entire crypto market. Altcoins, in particular, are sensitive to Bitcoin’s price movements. If BTC fails to hold above $75,000, it could trigger a sell-off in other digital assets. Conversely, if the rally continues, altcoins could see significant gains. The options market data provides a real-time snapshot of trader expectations. By analyzing this data, investors can make more informed decisions. The current signals suggest caution is warranted. Conclusion In summary, BTC options traders are hedging aggressively ahead of the upcoming expiration, casting doubt on the $80K rally. The demand for long-term put options indicates skepticism about a sustained uptrend. While short-term call options show optimism, the overall positioning suggests a cautious approach. Investors should monitor the options expiration closely, as it could trigger significant price movements. The data from experts like Nathan Batchelor and Antoine Lours provides valuable insights into market sentiment. As always, risk management remains key in the volatile world of cryptocurrency trading. FAQs Q1: Why are BTC options traders hedging aggressively? A1: BTC options traders are hedging aggressively to protect against a potential downturn. They are buying long-term put options, signaling doubt about the sustainability of the recent rally above $75,000 and the $80K rally target. Q2: What does the demand for put options indicate? A2: The demand for put options, especially with May, June, and December expirations, indicates skepticism about a long-term rally. Traders are preparing for a possible price decline later in 2025. Q3: How does the Bitcoin options expiration affect prices? A3: The Bitcoin options expiration can increase volatility. If BTC settles near the max pain point, it could trigger buying or selling pressure. The high concentration of call options at $80,000 could push prices higher if maintained. Q4: What is the difference between a call and a put option? A4: A call option gives the buyer the right to purchase Bitcoin at a specific price, betting on a price increase. A put option gives the right to sell, betting on a price decrease. Hedging often involves buying puts to protect against losses. Q5: Should retail investors be concerned about this hedging activity? A5: The hedging activity suggests that professional traders are cautious. Retail investors should consider this as a signal to manage risk. It does not guarantee a price drop, but it highlights uncertainty in the market. This post BTC Options Traders Hedge Aggressively, Casting Doubt on $80K Rally Sustainability first appeared on BitcoinWorld .