· Sharp price drop: Bitcoin broke below the $60,000 level to reach approximately $59,023, its lowest level since October 10, 2024, before rebounding to the $61,500–$61,665 range.
· Intense selling: “Whales” (wallets holding 10–10,000 BTC) sold 45,074 coins in just 8 days, increasing selling pressure. BlackRock also disposed of 7,160 bitcoins worth $447 million.
· Liquidation waves: Over 24 hours, positions worth $397 million were liquidated, most of them leveraged long (buy) positions, deepening the decline.
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Open Interest data for Ethereum contracts indicates a continued cautious sentiment in the derivatives market, despite recent attempts for price stability near the $2,100 level. According to the data, open interest has stabilized around $15.2 billion after a sharp decline the market has faced since the beginning of 2026.
The open interest indicator is used to measure the total number of open contracts in the derivatives market, reflecting the liquidity and leverage employed by traders. Typically, a rising indicator suggests increased activity and speculation, while a decline indicates a decrease in risk appetite and some liquidity exiting the market.
Data shows that open interest has entered a clear downward trend alongside strong correction waves hitting the crypto market, which may suggest widespread liquidations and a reduction in leverage within the market. Nevertheless, the recent stability of the indicator around these levels might indicate the beginning of a gradual return to activity after a period of calm and reduced volatility.
Although the stability of open interest is not a direct bullish signal, it may suggest that the market is starting to regain some balance, especially with the ongoing anticipation linked to Bitcoin's movements and global monetary policies$ETH
The market is seeing a limited increase in market cap at #العملات_المشفّرة , backed by institutional inflows of #بيتكوين into ETF funds, alongside a relative improvement in risk appetite. $BTC
The Impossible Equation: Millionaires Without Bitcoin.
The max supply of Bitcoin is just 21 million, while the number of millionaires in the world exceeds 59 million.
This means that even if all Bitcoin were distributed equally, not every millionaire would even get a full Bitcoin. This absolute scarcity is what makes Bitcoin a unique and inflation-resistant asset, unlike fiat currencies that can be printed endlessly. ⚡️ $BTC
⚠️Warning: My charts are for educational purposes only. They do not constitute investment advice. Cryptocurrencies are risky assets. Do your own research, folks! $BTC
18 percent wiped yet stablecoins rising dry powder building Everyone calling bear That is the signal Fear is the setup Smart money is positioning Are you or are you exit liquidity #BTC #ETH #Crypto $BTC $ETH
Bitcoin Mining Stocks Summary: April 30, 2026. $SLNH is surging strong, leading a bullish wave for Bitcoin mining companies. Check out the market details $BTC