The Puell Multiple is indicating that it's not yet time for $BTC to enter the danger zone.
The Puell Multiple is an on-chain indicator for Bitcoin, used to measure miner revenue and infer market cycles.
Currently, the Puell Multiple is hovering around ~0.8 – 1.
Historically, in 2013, 2017, and 2021, the Puell Multiple spiked significantly during this range, which was when miners made massive profits, selling pressure increased sharply, and the market created its peaks.
However, right now, the Puell Multiple hasn't entered the red zone; miners aren't being forced to sell, nor are they making enough profit to dump heavily, indicating a neutral phase.
Under the watch of Lookonchain, whale 0x8d0E, who previously had a cumulative loss of about $13.74 million, has opened a long position on DOGE with 10x leverage in the last 2 hours, with a position size of 40 million DOGE, valued at approximately $4.4 million.
When the sea route's blocked, we pave the land route
According to Iranian media, Pakistan has opened up 6 land routes into Iran, allowing thousands of containers to flow again after the Strait of Hormuz was shut down.
However, over 90% of Iran's imports and exports go through the sea, with nearly all food supplies passing through Hormuz. These 6 land routes just give Iran a bit of breathing room but can't replace the maritime routes.
Even though Pakistan is playing the mediator between the US and Iran, this news might not sit well with Washington, especially since Treasury Secretary Bessent has warned: anyone supporting the flow of funds to Iran will face US sanctions.
1. Michael Saylor: Aiming to push Bitcoin to $10 million per coin;
2. Polymarket: API and on-chain data are public info, no data leaks occurred;
3. The White House plans to restart collaboration with Anthropic;
4. Bitcoin Spot ETF saw a total net outflow of $89.6754 million yesterday, with BlackRock's IBIT leading the way with an outflow of $112 million;
5. Ethereum Spot ETF had a total net outflow of $21.8019 million yesterday, with BlackRock's ETHA leading at $13.1697 million outflow;
6. Polymarket has launched a new market: "Will any other countries leave OPEC by 2026?";
7. SlowMist: EIP-7702 account vulnerability led to the theft of 1988 QNT, worth about 55 ETH;
8. CFTC sues the state of Wisconsin to protect the right to regulate predictive markets;
9. The founder of Believe is accused of charging $54 million through moving Launchcoin;
10. An account with a 37% win rate placed a $100,000 bet on Spurs winning by a margin against the Trail Blazers in Game 5 of the first round of the NBA Western playoffs.
Even though $BTC has had a recent pump, the STHs of $BTC seem to be pretty skittish.
Over the last two weeks, as BTC kept climbing, the amount of BTC being moved to exchanges from STH wallets has also increased.
There were three particularly notable days with massive transfer volumes. During those three consecutive sessions, a total of 65,000 BTC, 54,600 BTC, and 39,000 BTC were recorded, bringing nearly 150,000 BTC to exchanges in just three days.
These are significant numbers, showing that the confidence of STHs remains quite fragile and they're ready to bail on the market quickly whenever an opportunity arises.
Chairman Mike Selig stated that the agency is rolling out AI and automation tools to oversee the crypto market, prediction markets, and traditional commodity derivatives. Currently, CFTC is using Microsoft Copilot as its main AI tool.
During the Trump administration, about 25% of CFTC staff left due to federal workforce cuts. AI is being implemented to fill the gap as CFTC takes on the additional role of monitoring crypto and prediction markets.
Data only reveals the flow of capital that few can observe.
The BNB ecosystem, represented by Binance Alpha, and the memecoin represented by $ASTEROID are both experiencing a hot growth lately, and surely everyone knows about it, along with the cash flow coming in over the 7D timeframe.
However, the Solana Ecosystem niche is also catching some cash flow in the 7D that social hasn't talked about much.
For me, the opportunity lies here; it's about getting ahead of the trend.
1. On April 29th, Trump's nomination for the Fed Chair will be put to a full vote in the Senate;
2. Despite the acquisition deal being scrapped, Manus investors have recouped their investments;
3. A whale withdrew $9.98 million in ETH from Kraken;
4. Arthur Hayes: More interested in Trump's balance sheet stance rather than the short-term interest rate trajectory;
5. ZachXBT raises questions about the World project linked to Sam Altman regarding the biometric data collection from users in low-income countries through token issuance;
6. AAVE announced a technical recovery plan for rsETH, expected to simultaneously address collateral support and liquidated positions;
7. Trader CryptoD got in on SCAM early, with profits exceeding 80x.
BTC just had a slight correction and Firecharts has delivered some good news.
The whale wallet group for $BTC, the strongest whale in Firecharts, has accumulated a significant amount of BTC during this phase, causing the brown line to spike up.