Libre, a tokenization firm, is launching the Telegram Bond Fund (TBF) on the TON blockchain. The fund will tokenize $500 million worth of Telegram’s debt, offering accredited investors access to high-quality yield products. Backed by Telegram’s $2.4 billion in outstanding bonds, these tokenized assets can also be used as collateral for on-chain borrowing and project development on the TON network. It’s a major move bringing institutional finance directly into the crypto world.
After dropping due to Donald Trump’s tariff plans, which caused an intense market sell-off, Bitcoin is making a strong comeback. It’s now approaching $100,000, its highest level since late February. But fears of a recession could slow down this momentum unless the U.S. and China start talking about tariffs soon. Additionally, the mixed on-chain signals might increase volatility for the $100K level.
Bitcoin’s On-chain Metrics Create Mixed Sentiment
How the tariff talks go could play a big role in whether the economy heads into a recession and in where Bitcoin’s price goes next. Many experts are hoping that trade discussions in May will help calm economic worries. Still, Bitcoin might keep rising even if a recession hits. In the past 24 hours, around $34 million in Bitcoin trades were closed out. Buyers ended $8.5 million in positions, while sellers had to close $25.4 million in bets against Bitcoin.
Bitcoin is getting close to retesting the $100K mark as investor confidence grows. In the last two weeks of April, large investors bought around $4 billion worth of Bitcoin. At the same time, spot Bitcoin and Ethereum ETFs saw strong inflows, with over $3.2 billion entering the market last week. BlackRock’s Bitcoin ETF alone brought in nearly $1.5 billion, its biggest weekly gain this year.
Additionally, Bitcoin’s netflow is currently negative by $39.79 million, meaning more Bitcoin is being moved out of exchanges than into them. This suggests that more investors are choosing to store their Bitcoin in private wallets instead of keeping it on exchanges. It’s a sign that people are holding onto their coins, which can reduce selling pressure and support Bitcoin’s recovery.
However, Bitcoin risks a “notable increase” in selling pressure around $100K. Glassnode warns that if Bitcoin’s price keeps rising, long-term holders might start selling. Their profits are now close to 350%, a level where they’ve typically sold in the past. If Bitcoin crosses $100K, it could trigger a wave of selling from these older investors.
What’s Next for BTC Price?
Buyers are breaking through Fib levels and they continue to hold the price above EMA trend lines. Bears are now defending any further surges above $98K as BTC faced a rejection recently. As of writing, BTC price trades at $97,182, surging over 0.7% in the last 24 hours.
The rising 20-day moving average at $96,892 and a strong RSI suggest Bitcoin still has room to move higher. If it breaks above $99,500, the price could quickly jump to the key $100,000 level. Sellers will likely put up a strong fight there, but if buyers succeed, Bitcoin might climb to around $103,000.
On the flip side, sellers may try to drag the price back to the 20-day moving average, which is an important support level. If Bitcoin bounces there, the uptrend stays strong. But if it drops below, it could fall further toward the 50-day average at $92.8K.
The post Bitcoin Flashes Signs of $100K Retest: Can BTC Price Meet Buying Demand? appeared first on Coinpedia Fintech News
After dropping due to Donald Trump’s tariff plans, which caused an intense market sell-off, Bitcoin is making a strong comeback. It’s now approaching $100,000, its highest level since late February. But fears of a recession could slow down this momentum unless the U.S. and China start talking about tariffs soon. Additionally, the mixed on-chain signals …
The crypto market has shown consistent growth over the past few days, helping altcoins alongside Bitcoin to recover. However, relying solely on broader market cues or momentum will not sustain price growth.
BeInCrypto has analyzed three altcoins for investors to watch in April, as important developments are set to unfold this week.
Tutorial (TUT)
TUT price has remained stable throughout most of the month, currently hovering below the $0.027 resistance level. Successfully breaching this barrier is crucial for recovering the 53% losses incurred in March. A price rise above $0.027 could signal a positive trend and further upward movement in the coming weeks.
If this trend continues, TUT could push toward the next resistance level of $0.039, indicating strong momentum.
However, if TUT fails to break above the $0.027 resistance, the price could decline below $0.021. Such a drop would likely invalidate the bullish outlook and lead to further losses. In that scenario, the altcoin’s price might fall to $0.015, a significant setback for the token’s recovery.
Injective (INJ)
Injective’s price has surged by 17% in recent days, fueled by anticipation surrounding the upcoming Lyota Mainnet Upgrade. Set to go live on April 22, the upgrade is expected to enhance Injective’s infrastructure, performance, and transaction speeds. This has sparked optimism, driving the price higher in the short term.
Currently trading at $8.97, Injective is nearing the $9.11 resistance level. If it successfully breaches this barrier, the price could move beyond $10.00, potentially reaching $10.35. The positive sentiment surrounding the Lyota Mainnet Upgrade is likely to continue driving the token’s growth if it can surpass these levels.
However, if Injective fails to break through the $9.11 resistance, as seen earlier in April, the price could fall below $8.40. This would signal a retreat and could see the token dip to $7.64, invalidating the bullish outlook and erasing recent gains.
BNB
BNB’s price currently stands at $604, experiencing a two-month downtrend. The altcoin is struggling to breach the resistance of $611. To push past this barrier, BNB needs strong support from the broader market or upcoming developments that could provide a catalyst for price movement and reversal.
One potential catalyst is the Lorentz opBNB mainnet hard fork, which is scheduled for today. The hard fork aims to enhance the chain’s speed and responsiveness. If successful, this could help BNB break the $611 resistance and push the price toward the next level of $647, spurring bullish sentiment.
However, if the hard fork’s impact fails to meet expectations, BNB could struggle to maintain upward momentum. In this case, the price may slip below the support of $576, potentially falling as low as $550. This would invalidate the current bullish outlook and likely continue the downtrend.
In the last week of May, the cryptocurrency market experienced a slowdown in trading activity as participants took profits following recent rallies.
Despite this brief lull, several altcoins have caught the attention of large investors, commonly known as whales, who are accumulating positions in anticipation of potential price gains in June.
Dogecoin (DOGE)
The leading meme coin, DOGE, is among the assets crypto whales are accumulating for potential gains in June. This trend is reflected in the recent surge in DOGE accumulation among whale wallets holding between 1 million and 10 million tokens.
According to Santiment, this group of DOGE whales added 30 million tokens to their wallets over the past week.
Such buying activity by whales often serves as a strong signal to retail traders. Seeing large investors confidently increase their positions can encourage retail participation. This could drive up DOGE’s value as buying momentum builds across the market.
If buying pressure subsists, the token could resume its rally and climb to $0.206.
However, if whale accumulation stalls and selloffs strengthen, DOGE’s value could fall to $0.175.
Avalanche (AVAX)
Layer-1 (L1) coin AVAX is another asset crypto whales are holding for gains in June. This is reflected by the 474% uptick in the coin’s large holders’ netflow in the past seven days.
Large holders are whale addresses that hold more than 0.1% of an asset’s circulating supply. Their netflow tracks the difference between the coins they buy and the amount they sell over a specific period.
When an asset’s large holders’ netflow increases, more of its tokens are flowing into the wallets of these major investors than are flowing out. This trend indicates that AVAX whales are accumulating the asset, signaling confidence in its future value.
AVAX could witness a rebound and surge to $24.28 if whale accumulation continues.
On the other hand, the altcoin’s price could extend its decline to $14.66 if the whales begin to sell for profit.
Quant (QNT)
QNT has defied this week’s broader market downturn, posting 7% gains. The token’s near-10% rally appears to be fueled by renewed investor interest following the launch of Overledger Fusion, a Layer 2.5 network designed to bridge institutions, enterprises, and decentralized finance (DeFi) ecosystems.
It has also driven a surge in whale accumulation, indicated by the 1083% rally in the token’s large holders’ netflow over the past week. This uptick signals growing confidence in QNT’s short-term performance and hints at the likelihood of further rallies as large investors increase their exposure.
