Bitcoin Ready To Reclaim $90,000? BTC’s ‘Next Big Move’ Could Come Next Week
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Amid the market volatility, Bitcoin (BTC) has been unable to reclaim the $85,000-$86,000 zone despite its weekly performance. However, some analysts suggest that a breakout from the key resistance level might be around the corner. Related Reading Bitcoin To Resume Its Bullish Rally? Over the past week, Bitcoin has traded between the $83,000-$86,000 price range, recovering from the sub-$80,000 correction at the start of the month. Notably, the flagship crypto experienced significant volatility last week due to the ongoing trade tariff war between the US and dozens of countries. BTC’s recent recovery began after the US President Donald Trump paused the tariff on over 75 countries for 90 days, which sent BTC’s price back above the $80,000 mark. Amid the volatility, Bitcoin retested the key $78,500 as support and its four-month downtrend resistance, compressing between these two levels. According to market watcher Daan Crypto Trades, Bitcoin has been moving within a significant area, as it was retesting its downtrend line as well as the Daily 200 Exponential Moving Average (EMA) and Moving Average (MA), which “has been a tough price region to crack in recent weeks.” BTC retests its four-month downtrend line. Source: Daan Crypto Trades on X Amid Thursday’s pump, BTC is finally breaking out of its downtrend, which could lead to a surge toward the “ultimate level to break for the bulls,” the $90,000-$91,000 barrier, as he suggested that the sideways move in the mid-$80,000 region won’t continue for much longer. Nonetheless, the trader considers that the coming days might not have significant swings due to the Easter weekend, with low volumes and liquidity expected. “Likely going to be quite boring absent any major new headlines,” he asserted, adding that “we’ll see where this wants to go next week.” BTC’s Key Levels To Reclaim Analyst Sjuul from AltCryptoGems pointed out that Bitcoin is trapped below the 50-day EMA, which is “what separated us from a bull run resumption.” He explained that the cryptocurrency has been moving between $78,000-$95,000 since March, with the 50 EMA coinciding with the price range’s mid-zone and seemingly acting as resistance for the past week. Breaking out of the mid-range, between $85,000-$86,000 levels, could send BTC’s price above the $90,000 mark and toward the range’s high. Related Reading According to the post, Bitcoin’s current price action resembles May 2021’s performance, before the bull run resumed. At the time, BTC reclaimed the 50 EMA on the daily chart, which “right now, just as back then, (…) has been the line in the sand between the bull and bear markets.” The analyst explained that strong spot buying pressure is necessary to break this resistance and resume BTC’s rally. “Should we finally have this spot buying pressure, and should we finally see the EMA 50 Daily being flipped, all you want next is for that liquidity wall at $87K to be properly broken,” he concluded. As of this writing, Bitcoin trades at $84,521, a 1.2% increase in the weekly timeframe. Bitcoin’s performance in the one-week chart. Source: BTCUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com
Is This the Final Shakeout Before Bitcoin’s Next Big Move? Analysts Break It Down
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events—like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ’s arrest—has honed his keen sense of market dynamics. When he isn’t crafting engaging crypto content, you’ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he’s catching some Z’s or scrolling through Elon Musk’s very own X platform—(oops, another screen activity, my bad…) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters—(don’t judge, that’s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or “kaizen,” striving to be 1% better every day. His mantras, “God knows best” and “Everything is still on track,” reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He’s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck—unflappable. Edyme is like trading in your car for a jet—bold. He’s the guy who’d ask his boss for a pay cut just to prove a point—(uhhh…). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent—okay, maybe that’s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That’s just not the way he roll. He has these favorite lyrics from NF’s “Clouds” that resonate deeply with him: “What you think’s probably unfeasible, I’ve done already a hundredfold.” PS—Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He’s 100% Him-alayan. Screw it, he ate the opp.
Why Does This Bitcoin Cycle Feel So Boring? Analyst Weighs In
On the higher time frame, Bitcoin appears to still be in a bearish market with the asset recording a 21.7% decrease away from its all-time high (ATH) above $109,000 recorded in January. However, when slightly zoomed in, it is seen that the asset is seeing a gradual and steady rebound surging 6.8% in the past week to bring its asset closer to the psychological $90,000 mark with a current trading price hovering above $85,000. The latest analysis from CryptoQuant analyst Crypto Dan offers context for this cautious optimism. In a post titled “Why does this cycle feel so boring?”, Dan explained that, unlike previous bull cycles that featured fast-paced rallies and surging interest from short-term participants, the current cycle appears subdued. Why The Current Cycle Is Different One major indicator supporting Dan’s observation is the notably lower percentage of Bitcoin held for short durations (1 week to 1 month), reflecting minimal engagement from newer market entrants. Dan attributes this behavioral shift to two primary structural changes. First is the macroeconomic environment. In contrast to the aggressive liquidity injections and near-zero interest rates of the 2020–2021 period, the current market faces tight liquidity and high interest rates, reducing the pace and scale of capital inflows. Second is the transition in market leadership from retail traders to institutional investors. The approval and growing adoption of Bitcoin exchange-traded funds (ETFs) have transformed the nature of capital movement into the space, making price movements more measured and incremental. As a result, the market’s development is more cautious, lacking the euphoria typically seen in previous cycles. Dan emphasized that while some on-chain metrics may suggest a cycle top, the current structure could instead be pointing to a more extended and gradual market evolution. He suggested that long-term patience, rather than short-term speculation, may yield better outcomes under these conditions, noting: In times like this, what matters most isn’t chasing quick pumps— It’s understanding the slower structure and having the patience to stay with it. Bitcoin On-Chain Metrics Signal Strength Despite Unusual Cycle Supporting this longer-term perspective, another CryptoQuant analyst elcryptotavo noted that a key on-chain metric remains strong. According to his analysis, over 70% of the Bitcoin supply remains in profit—a level historically associated with price stability. This metric tracks the percentage of circulating BTC with a cost basis below the current market price. A supply-in-profit ratio that remains elevated, particularly above the 70% mark, has often served as a foundation for further upward momentum. Elcryptotavo added that the next target is to push this metric back toward the 80% level, which would reinforce bullish momentum and possibly sustain the current upward trend. If this threshold is achieved alongside improving macro conditions and continued ETF inflows, Bitcoin could see renewed strength even in the absence of speculative enthusiasm. Featured image created with DALL-E, Chart from TradingView
Bitcoin’s Quiet Bull Signal: On-Chain Trends Hint at Another Price Breakout
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events—like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ’s arrest—has honed his keen sense of market dynamics. When he isn’t crafting engaging crypto content, you’ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he’s catching some Z’s or scrolling through Elon Musk’s very own X platform—(oops, another screen activity, my bad…) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters—(don’t judge, that’s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or “kaizen,” striving to be 1% better every day. His mantras, “God knows best” and “Everything is still on track,” reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He’s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck—unflappable. Edyme is like trading in your car for a jet—bold. He’s the guy who’d ask his boss for a pay cut just to prove a point—(uhhh…). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent—okay, maybe that’s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That’s just not the way he roll. He has these favorite lyrics from NF’s “Clouds” that resonate deeply with him: “What you think’s probably unfeasible, I’ve done already a hundredfold.” PS—Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He’s 100% Him-alayan. Screw it, he ate the opp.
On-Chain Clues Suggest Bitcoin Bounce Might Be a False Signal—Here’s What to Know
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events—like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ’s arrest—has honed his keen sense of market dynamics. When he isn’t crafting engaging crypto content, you’ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he’s catching some Z’s or scrolling through Elon Musk’s very own X platform—(oops, another screen activity, my bad…) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters—(don’t judge, that’s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or “kaizen,” striving to be 1% better every day. His mantras, “God knows best” and “Everything is still on track,” reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He’s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck—unflappable. Edyme is like trading in your car for a jet—bold. He’s the guy who’d ask his boss for a pay cut just to prove a point—(uhhh…). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent—okay, maybe that’s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That’s just not the way he roll. He has these favorite lyrics from NF’s “Clouds” that resonate deeply with him: “What you think’s probably unfeasible, I’ve done already a hundredfold.” PS—Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He’s 100% Him-alayan. Screw it, he ate the opp.
Data Shows Whales Stay Calm While Bitcoin Climbs—What Are They Waiting For?
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events—like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ’s arrest—has honed his keen sense of market dynamics. When he isn’t crafting engaging crypto content, you’ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he’s catching some Z’s or scrolling through Elon Musk’s very own X platform—(oops, another screen activity, my bad…) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters—(don’t judge, that’s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or “kaizen,” striving to be 1% better every day. His mantras, “God knows best” and “Everything is still on track,” reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He’s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck—unflappable. Edyme is like trading in your car for a jet—bold. He’s the guy who’d ask his boss for a pay cut just to prove a point—(uhhh…). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent—okay, maybe that’s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That’s just not the way he roll. He has these favorite lyrics from NF’s “Clouds” that resonate deeply with him: “What you think’s probably unfeasible, I’ve done already a hundredfold.” PS—Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He’s 100% Him-alayan. Screw it, he ate the opp.
Bitcoin (BTC) Price Compressing Between Two Key Levels – Is $74,000 Or $91,000 Next?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. As Bitcoin (BTC) recovers from its five-month low, the cryptocurrency attempts to reclaim the $84,000 resistance. Some market watchers suggest that more volatility could be around the counter, as the price is compressing between two key levels. Related Reading Bitcoin Retests 4-Month Downtrend Line Over the past week, Bitcoin has been trading between the $74,000-$84,000 price range following the recent tariff war-related volatility. After hitting a one-week high of $84,720, the flagship crypto hit a five-month low of $74,773, driven by this week’s market correction. Amid this performance, the cryptocurrency risked a 13.7% drop to the $69,000 support, as it generally needs a daily close above the $78,500 level for a potential short-term rebound. However, BTC’s price has surged 13.5% since Monday’s lows and attempted to reclaim the $84,000 resistance. The market recovery was fueled by US President Donald Trump’s 90-day pause on the trade tariffs for over 75 nations, which saw the crypto market and stock prices jump 6%-10% in an hour this Wednesday. Nonetheless, the tariffs-driven rally slowed Thursday, with Bitcoin retracing nearly 5% to the $79,000 support. Analyst Alex Clay asserted that despite the bullish rally, BTC’s price needed to reclaim the broken $80,000 support and break through the descending 4-month resistance as its short-term structure continued looking bearish. During BTC’s 7% surge in the past 24 hours, the analyst highlighted the key support zone held, invalidating his bearish scenario. However, a breakout and reclaim confirmation of the $84,000 remained crucial for BTC’s price. BTC Preparing For More Volatility? Analyst Rekt Capital pointed out that Bitcoin successfully retested the $78,500 support, but its price was rejected from the 4-month downtrend resistance. Therefore, the flagship crypto’s price is now compressing between these two levels, which usually “precedes volatility.” BTC’s price is compressing between two key levels. Source: Rekt Capital on X The analyst also noted that BTC is “developing yet another Higher Low on the RSI while forming Lower Lows on the price.” During this cycle, the cryptocurrency has formed multiple bullish RSI divergences in the daily chart, each preceding a reversal to the levels. Bitcoin’s Daily RSI equaled 2022 Bear Market RSI levels (RSI=23.93) when price crashed into the high $70,000s. The only lower Daily RSI in this cycle was back in August 2023 (RSI=18.28). Throughout this cycle, each visit into sub-25 RSI resulted in a trend reversal to the upside over time. Related Reading Meanwhile, crypto analyst Ali Martinez suggested that BTC could see a retrace back to the $74,000 support zone. He observed that Bitcoin’s movements within its weekly range display a W-shape to the upper boundary, and its price action seemed to be forming an M-shape after Thursday’s retrace and Friday’s jump, which eyes the range’s lower boundary. On the contrary, the analyst also highlighted Bitcoin’s Friday performance, affirming that it “is slicing through key resistance at $82,360.” Notably, BTC’s price then jumped toward the $84,000 barrier, hitting a daily high of $84,220 before retracing to the $83,500 mark. According to Martinez, “A sustained breakout could open the door to $91,500.” As of this writing, Bitcoin trades at $83,640, a 1% decline in the weekly timeframe. Bitcoin’s performance in the one-week chart. Source: BTCUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com
Bitcoin Long-Term Holders Show Conviction: 63% Of Supply Hasn’t Moved In A Year
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin is facing a crucial test as its price continues to swing without clear direction, navigating a tense and uncertain macroeconomic environment. While volatility persists, many analysts believe the worst phase of the correction may be over. After dropping over 30% from its all-time high, Bitcoin has managed to hold above key support levels, reinforcing short-term optimism. Related Reading However, global tensions—driven by escalating trade disputes and aggressive tariff policies from the US—are shaking financial markets. The specter of a global recession looms large, making investors cautious across both traditional and digital asset classes. Despite the noise, on-chain data from Glassnode adds a layer of optimism. According to their latest analysis, 63% of Bitcoin’s circulating supply has not moved in at least one year. This historic level of dormant supply highlights the growing conviction among long-term holders, who are weathering the current volatility without panic. Such behavior reinforces the belief that Bitcoin’s foundation remains solid, even as short-term traders exit the market. The strong hands are holding firm, and their resilience could lay the groundwork for the next major move—once macroeconomic conditions begin to stabilize. Bitcoin Holds Strong Amid Global Volatility: Rising Long-Term Conviction Massive price swings continue to shake both crypto and equities markets as volatility intensifies in response to rising global tensions and unresolved macroeconomic threats. Bitcoin, however, has held strong above the $81K level, suggesting that a potential recovery may be taking shape. The 90-day pause on U.S. tariffs—excluding China—offered temporary relief, but uncertainty still dominates investor sentiment. Ongoing trade conflicts between the United States and China threaten global economic stability, with many analysts warning of a potential recession if no resolution is reached. These fears are weighing heavily on risk assets across the board. Despite the challenging backdrop, Bitcoin’s performance suggests underlying resilience. Bulls are gradually regaining momentum after the recent sharp correction, and many market watchers believe the worst phase of the drawdown may be over. Adding to the optimism, top analyst Quinten Francois shared Glassnode data revealing that 63% of the Bitcoin supply has not moved in at least a year. This metric, often associated with strong long-term conviction, shows that the majority of Bitcoin holders are choosing to hold through volatility rather than sell into weakness. It reflects a maturing investor base with confidence in Bitcoin’s long-term value, even amid global uncertainty. Bitcoin Percent of Supply Last Active 1+ Years Ago | Source: Quinten Francois on X If current support levels continue to hold and macro conditions stabilize, Bitcoin may be on the verge of a sustained recovery. Related Reading BTC Price Stalls Below Key Resistance After Bullish Surge Bitcoin is currently trading at $82,600 following a strong surge that helped the asset recover from recent lows. The move has brought some short-term optimism to the market, especially as BTC managed to reclaim the $81K level—a key support zone that now needs to hold for bullish momentum to continue. BTC testing the 4-hour 200 MA | Source: BTCUSDT chart on TradingView However, significant resistance lies ahead. The price stopped near the 4-hour 200 Moving Average, currently sitting around $83,500. This technical level has consistently acted as a short-term barrier since Bitcoin lost the $100K mark, and bulls need a decisive breakout above it to confirm the beginning of a true reversal. If Bitcoin can break and hold above $83,500, the next immediate target is the $85K zone. Reclaiming that range could open the path for a push toward the $88K–$90K resistance band and potentially resume the longer-term uptrend. Related Reading On the flip side, failing to hold above $81K would signal weakness and likely invite renewed selling pressure. A breakdown below $80K would reinforce bearish sentiment, possibly triggering a fresh wave of panic selling and sending BTC back toward the $75K support zone. Bulls must act quickly to defend current levels and push higher. Featured image from Dall-E, chart from TradingView
Kaiko Report Highlights Key Drivers of Q1 Crypto Market Decline and Outlook for Q2
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events—like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ’s arrest—has honed his keen sense of market dynamics. When he isn’t crafting engaging crypto content, you’ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he’s catching some Z’s or scrolling through Elon Musk’s very own X platform—(oops, another screen activity, my bad…) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters—(don’t judge, that’s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or “kaizen,” striving to be 1% better every day. His mantras, “God knows best” and “Everything is still on track,” reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He’s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck—unflappable. Edyme is like trading in your car for a jet—bold. He’s the guy who’d ask his boss for a pay cut just to prove a point—(uhhh…). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent—okay, maybe that’s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That’s just not the way he roll. He has these favorite lyrics from NF’s “Clouds” that resonate deeply with him: “What you think’s probably unfeasible, I’ve done already a hundredfold.” PS—Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He’s 100% Him-alayan. Screw it, he ate the opp.
Bitcoin Battles Tariff Turmoil: Can the 2-Year Realized Price Hold the Line?
Bitcoin has felt the impact of the ongoing global tariff tensions, with little to no upward momentum. The asset appears to have paused its bull run, dampening investor expectations for a near-term recovery. Currently trading just above $77,000, BTC has declined nearly 30% from its all-time high, including a 1.6% drop in the last 24 hours. Amid this, a recent insight from CryptoQuant contributor Onchained suggests that Bitcoin is nearing a significant threshold that could determine the asset’s next major direction. Bitcoin Realized Price Levels in Focus Onchained’s latest analysis points to the convergence of Bitcoin’s spot price with its 2-Year Realized Price. This metric, derived from on-chain data, calculates the average acquisition cost of coins moved on the blockchain within the past two years. This price band often serves as a meaningful support level, particularly in transition phases between bear and bull markets. Historically, Bitcoin maintaining price action above the 2-year Realized Price has signaled underlying strength among long-term holders. Onchained noted that BTC has stayed above this line since October 2023, a sign of sustained investor confidence. If Bitcoin continues to hold this level, it may indicate the establishment of a new value floor, potentially setting the stage for renewed buying pressure. The analysis adds that a bounce off this support zone could be interpreted as an influx of capital from investors seeing this price level as a strategic accumulation point. However, a breakdown below the 2-year Realized Price could trigger a deeper correction or a longer period of consolidation. Long Liquidations Amplify Market Volatility In a separate update, CryptoQuant analyst Darkfost highlighted a significant event that shook the derivatives market. On April 6, the largest Bitcoin long liquidation event of the current bull cycle occurred, wiping out roughly 7,500 BTC in long positions. The liquidation marked the highest daily volume of forced long position closures since the bull market began. According to Darkfost, this event was largely triggered by rising volatility and uncertainty stemming from US economic policy concerns. The biggest Bitcoin long liquidation event of this bull cycle “On April 6, approximately 7,500 Bitcoin in long positions were liquidated, marking the biggest single-day long wipeout of the entire bull run so far.” – By @Darkfost_Coc Read more https://t.co/eqW2JE8TWD pic.twitter.com/IEthwRDRVz — CryptoQuant.com (@cryptoquant_com) April 9, 2025 In particular, fears around new tariffs under President Trump’s administration have added pressure on global markets, including crypto. The analyst emphasized that such liquidation events serve as reminders of the risks associated with high-leverage positions during uncertain macroeconomic conditions. Darkfost wrote: This is a clear reminder that we need to stay cautious during periods of rising volatility like today. This is the time to care and preserve your capital. Featured image created with DALL-E, Chart from TradingView
Bitcoin Ownership Patterns Shift Amid Price Correction
Bitcoin is currently trading at $76,899, marking a 3.7% decline in the past 24 hours and a 29.4% drop from its all-time high above $109,000 recorded in January. After falling below $80,000 on Sunday, the digital asset has struggled to reclaim upward momentum, reflecting persistent selling pressure in the broader crypto market. While price action continues to dominate headlines, on-chain data reveals deeper shifts in market dynamics. A recent analysis by CryptoQuant contributor Onchained highlights a notable transition in Bitcoin ownership patterns. Bitcoin Short-Term Losses and Long-Term Accumulation In the post titled “Short-Term Capitulation Meets Long-Term Conviction: A Structural Shift in Bitcoin Ownership,” the analyst identified structural changes between short-term and long-term holders, providing insights into the asset’s underlying market behavior. According to the insight, Bitcoin has seen a ~15% drawdown from $88,000 to $74,400 over the past week. On April 7, Short-Term Holders (STH) realized a significant $10 billion drop in their realized cap—a metric reflecting the price at which coins were last moved—marking their largest single-day loss of the cycle. This decline was met with an almost equivalent $9.7 billion increase in Long-Term Holders’ (LTH) realized cap, suggesting a substantial transfer of coins from recent buyers to more experienced holders. By April 8, realized losses from STHs declined to $693 million, indicating a possible exhaustion of panic selling. In contrast, LTHs continued increasing their cost basis by an additional $1.13 billion, reflecting ongoing accumulation despite minimal price recovery. Onchained interprets this as a typical sign of supply transitioning from weaker hands to those with higher conviction, which has historically occurred near market bottoms or early recovery stages. The analyst noted: “This is not merely a coincidence: this is the market transferring coins from weak to strong hands.” Adding: Long-term investors are stepping in with conviction: buying weakness and absorbing supply. – This behavior has historically marked the late stages of corrections or the early phase of recovery. Potential Impact on Market Structure This divergence between STH and LTH behavior may hold broader implications for Bitcoin’s market structure. As STHs reduce their holdings, potential short-term sell pressure and overhead resistance may decline. At the same time, rising accumulation by LTHs suggests confidence in Bitcoin’s long-term prospects, even amid current volatility. Historically, similar patterns have preceded stabilization or trend reversals. A shrinking supply in the hands of reactive traders coupled with consistent buying by long-term participants can form the foundation for renewed price support. Whether this shift signals the end of the current correction or an early stage of recovery remains to be confirmed, but on-chain trends continue to suggest meaningful repositioning within the Bitcoin market. Featured image created with DALL-E, Chart from TradingView
Short-Term Holders Under Pressure as Bitcoin Slides—Capitulation Coming?
Bitcoin has not been immune to the ongoing global tariff dispute, which has rippled across financial markets and placed pressure on equities and digital assets. Over the past two weeks, Bitcoin has dropped by more than 10%, slipping under $75,000 earlier today—a level last seen in November 2024. The pullback coincides with broader market volatility coming from rising geopolitical and economic uncertainty. Amid this ongoing price move, a crypto analyst has suggested that the behavior of short-term holders during episodes like this is crucial in assessing the extent of ongoing market corrections. Short-Term Holders Show Early Signs of Stress According to CryptoQuant contributor Yonsei Dent, the current price action reveals important insights into investor behavior. Dent’s latest analysis centers on the STH-SOPR (Short-Term Holder Spent Output Profit Ratio), a metric that measures whether coins moved by recent buyers are being sold at a profit or loss. A reading below 1.0 indicates that holders are realizing losses, a sign often interpreted as capitulation. While Bitcoin’s price has declined significantly, Dent points out that the STH-SOPR has not yet breached extreme levels seen in past correction events. Unlike major capitulation periods in 2024—such as those in May, July, and August—the current SOPR remains near its mean value, indicating that many short-term holders are not yet exiting their positions en masse. The absence of widespread capitulation raises questions about the potential for further downside. Dent warns that if selling pressure among short-term holders intensifies, the market could experience another wave of losses. For now, all eyes remain on the $78,000 support level, which may act as a key test for whether Bitcoin can stabilize or if deeper correction lies ahead. Yonsei Dent wrote: If STHs begin to exit more aggressively, the market could face further downside pressure. In the near term, close attention should be paid to whether the $78,000 support level can hold, as it may serve as a key line in the sand for the current market structure. Technical Outlook On Bitcoin Meanwhile, technical analysts’ outlook on BTC is slightly different. According to an analyst known as Merlijn The Trader on X, BTC is currently in what is termed the “green zone” where it is an ideal opportunity for accumulation. BITCOIN IS IN THE GREEN ZONE. This is where legends bought in 2015, 2019, and 2020. Red is for selling. Green is for buying. Don’t overthink it. pic.twitter.com/hhSYEpkNNb — Merlijn The Trader (@MerlijnTrader) April 6, 2025 Featured image created with DALL-E, Chart from TradingView