Bitcoin tags $77,400, but sell walls and muted leverage cap follow-through
Orderbooks show over $130M in asks up to $79,300 as short-liquidation risk begins near $76,800.
Orderbooks show over $130M in asks up to $79,300 as short-liquidation risk begins near $76,800.
The pullback hit alongside oil at $126 and a 5-year yield at 4.02%, even as flows since March remain +$3.3B.
USD-linked tokens made up 40% of buys versus 18% for Bitcoin, even as BTC stayed in 52% of portfolios.
Tether disclosed no terms or timeline, leaving traders to price the headline without deal math.
The deal includes a scaling option and extends prior R&D as Tether builds a more integrated mining stack.
Traders flagged month-end volatility risk and said a breakout needs follow-through above nearby resistance.
The Las Vegas remarks shift focus to criminal users, but leave the “helping” line undefined for noncustodial tools.
Traders are mapping $79K–$80K as the breakout trigger and $73K–$70K as the liquidity retest zone into Fed week.
Four major central banks and U.S. GDP/PCE data hit as crypto faces supply events and platform deadlines into May 1.
Glassnode shows the cohort flipped long in early March and kept adding through April as seven-day perp funding sat at -0.13%.
Volmex data shows onshore flow skewing longer-dated and further OTM, with a higher implied upside marker than offshore.
The roughly $100 pullback stayed contained as traders waited on official follow-through and Trump’s noon ET Palm Beach remarks.
Only a page-shell ticker snapshot showing BTC at $77,636 (+0.92%) is visible in the excerpt.
The run persisted with BTC near $77,516 and roughly 35% below its early-October record high.
The same wallet also opened a $21M leveraged ETH long while BTC struggled to hold above $78,000 on Apr. 25.
The linked item returns “Article not found,” leaving the alleged regulatory change unverified from this packet.
The $80,000 level remains unclaimed as inflation data and a Fed decision line up as next week’s macro catalysts.
Negative perp funding alongside still-elevated futures open interest keeps squeeze risk live on any reclaim of highs.
CryptoQuant warned spot demand is still contracting, leaving the rally vulnerable if profit-taking hits.
The exchange says millions of forms tied to sub-$1 activity show the reporting regime is capturing micro-transactions.