hodler

23 Apr 2026, 11:30

Bitcoin Fees Crash To Lowest Level In A Decade, But What Does This Mean For Price?

Bitcoin transaction fees have been crashing for a while now , especially with the market beginning another bear trend. This has continued to be the case as participation falls to levels not seen in years, and the fees have followed the same trajectory. Recently, the crash has gotten so bad that the Bitcoin transaction fees are now sitting at levels that have not been reached in over a decade. Bitcoin Transaction Fees Just Crashed Below $0.3 Analyst Crypto Tice pointed out an interesting development for the Bitcoin network, showing that the transaction fees have now crashed toward 15-year lows. According to the Glassnode chart shared by the analyst, Bitcoin transaction fees are so low now that they sit at levels not seen since 2011, which is when the network was still in its very early stages. Data from the Bitinfocharts website corroborates this fact, as it shows the consistent decline of the Bitcoin transaction fees over the last year. Presently, the website puts the average transaction fee at a mere $0.22, shattering records as it plunges to new levels. This decline in the Bitcoin transaction fees shows how badly the cryptocurrency and its network have been hit by the current bear market . With participation down, liquidity is also down, but this does not always mean that it’s a bad thing for the price. BTC Price Could Surge Looking at previous cycle performances, the Bitcoin bull run always looks to start when it seems like all hope is lost. One marker of this is that network participation crashes , and average transaction fees go down with it as the network is not as clogged anymore. What this does, though, is to set the stage for a possible upward move . With liquidity crashing to low levels, it means that a new influx could quickly push up the price, as there is little resistance lying in wait for it. It also leaves room for investors to quickly get back into the market as the price continues to push upward. However, it could take some time before the Bitcoin price begins to recover, as is the case with bear markets . On the sentiment side, there has been a recovery with the recent Bitcoin recovery as the Fear & Greed Index moved from Extreme Fear into Fear. This means that investors are starting to ease up and are looking more favorably on the market.

23 Apr 2026, 11:25

Kalshi Cracks Down on Political Insider Trading, Bans Three US Candidates

Prediction market platform Kalshi has suspended three US political candidates after finding they traded on the outcomes of elections in which they were directly involved, describing the cases as “political insider trading.” The actions follow the rollout of new safeguards designed to prevent candidates from betting on their own races. Candidates Caught Betting on Themselves The three individuals identified are Matt Klein, a sitting Minnesota State Senator running in the Democratic primary for the state’s 2nd Congressional District; Ezekiel Enriquez, a Republican primary candidate in Texas’s 21st Congressional District; and Mark Moran, a Democratic candidate in Virginia’s US Senate race. In Klein’s case, Kalshi said its systems flagged that he traded a small amount, less than $100, on contracts tied to his own candidacy. The platform confirmed his identity using internal data and open-source intelligence, and Klein cooperated with the investigation and ultimately agreed to a settlement that included a $539.85 fine and a five-year suspension from the platform. Enriquez was similarly found to have purchased under $100 worth of contracts tied to his own election. Kalshi pre-emptively blocked his trading after detection. He, too, later cooperated with the investigation and accepted a $784.20 penalty in addition to a five-year ban. Moran’s case, on the other hand, involved multiple trades across two markets related to his campaign, including one placed before formally announcing his candidacy and additional trades afterward. Kalshi said Moran initially acknowledged the violations but later stopped responding and refused to settle. As a result, he received a higher penalty of $6,229.30, was ordered to return any profits, and was also banned for five years. Offering his version of events, Moran said that he deliberately placed the bets on himself on Kalshi to test whether the platform would act against him and how it would respond. He claimed he wanted to draw attention to what he described as corruption and manipulation in prediction markets. According to Moran, he initially engaged with Kalshi’s compliance team but refused settlement terms that included a fine, a ban, and a requirement to make a public statement, citing First Amendment protections against compelled speech. He even went on to add that he expected the situation to generate attention. No Exceptions for Low-Value Bets Kalshi said all three cases violated its CFTC-approved Rule 5.17(z), which prohibits individuals with direct or indirect influence over an event’s outcome from trading on related contracts. The platform noted that while the trades were relatively small, any such activity is subject to enforcement. It further added , “Cases like these demonstrate Kalshi’s commitment to policing all types of unfair or improper trading on our platform. Regardless of the size of a trade, political candidates who can influence a market based on whether they stay in or out of a race violate our rules. No matter how small the size of the trade, any trade that is found to have violated our exchange rules will be punished.” These issues are not limited to Kalshi. In fact, concerns around insider activity in prediction markets have grown , particularly on its rival, Polymarket. CryptoPotato has extensively reported on controversial bets being placed on major geopolitical outcomes shortly before they happened. The post Kalshi Cracks Down on Political Insider Trading, Bans Three US Candidates appeared first on CryptoPotato .

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

Pantera demands $50 million BTC sale as Satsuma falls 99%

🚨 Pantera calls for the full $50 million BTC liquidation in Satsuma. Satsuma’s value crashed by 99% after peaking at £14 last year. Continue Reading: Pantera demands $50 million BTC sale as Satsuma falls 99% The post Pantera demands $50 million BTC sale as Satsuma falls 99% appeared first on COINTURK NEWS .

23 Apr 2026, 11:14

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

What you need to know for April 23, 2026