Bitcoin Flexes at $94K

DAILY MARKET OVERVIEW

Crypto Climbs

👋 Hey, Crypto Enthusiasts! Bitcoin is showing a lot of strength, but can it last? Let’s explore the driving forces today.

📈MARKET OVERVIEW

Bitcoin Holds Strong at $94K: The Rally That Shocked the Shorts

Bitcoin continues its push higher, now sitting just under $94,000, up sharply and holding its ground. It’s officially the 7th most valuable asset in the world by market cap, above silver, just below Google.

In the past 24 hours alone, $280 million worth of Bitcoin shorts have been liquidated. Altcoins are cautiously following the run-up, but the conviction remains fragile.

Greed has returned fast. The Crypto Fear & Greed Index is now at 72, a sharp reversal from last week’s 29. It’s a reminder of how sentiment in this market can flip in an instant.

But is this move sustainable, or are we watching a relief rally in disguise?

🔍 What’s Fueling the Surge?

• ETF Inflows Go Parabolic
  U.S. spot Bitcoin ETFs saw a massive $936 million in net inflows yesterday, the largest single-day inflow since mid-January.
  

• Institutional Capital Is Rotating In
  Analysts suggest that the recent inflows show that institutional money is returning to BTC as it strengthens its identity as a “safe haven” asset.
  

• Trump Calms Markets, For Now
  In a surprise shift, President Trump said tariffs on China would “come down substantially” and confirmed he won’t fire Fed Chair Powell. Markets took that as a green light.
  

• $3 Billion Fund on the Horizon
  Cantor Fitzgerald, run by the son of Commerce Secretary Howard Lutnick, is reportedly planning a $3B Bitcoin investment vehicle in partnership with SoftBank, Tether, and Bitfinex. The fund, dubbed 21 Capital, could become a direct rival to MicroStrategy, boosting further BTC demand.

📊 Is This Move Built to Last?

For now, BTC has reclaimed and is holding above the crucial $90K level. If this holds over the next few weeks, it sets the stage for a potential altcoin breakout. But traders are treading carefully, confidence is cautious at best.

With headlines from Trump capable of flipping the mood in minutes, this is a market for high-conviction plays only. For now, avoid the outer edges of the risk curve.

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SOCIAL SENTIMENT

Suspicion Beneath the Surge: Caution Lingers Among Traders

Even with Bitcoin’s rise, many crypto veterans aren’t buying the hype. Sentiment online is filled with relief, not conviction. Most believe the bounce was a reaction to headlines, not the start of a true bull leg.

Traders on X, Telegram, and Discord echo the same themes:

🚨 Underlying Risks Still Loom Large:

• SOFR continues to rise, indicating tighter short-term funding.

• Bond markets remain shaky, with warning signs flashing.

• USD/JPY volatility suggests global FX stress is far from resolved.

• Credit markets remain frozen, showing big players aren't confident yet.

This surge? Many see it as a technical relief rally, not a macro-driven reversal.

💼 How Traders Are Positioning:

• Sitting on cash

• Taking profit into strength

• Only deploying small portions of capital

• Avoiding illiquid or highly speculative plays

In short: People are trading the rally, not trusting it.

💡 Final Thoughts:

The market might stay strong for a few more weeks, but volatility is lurking just beneath the surface. The right catalyst could send Bitcoin soaring or pull the rug out. This is still a fragile uptrend.

Until we get real confirmation from global markets and institutional positioning, cautious optimism remains the best stance.

NEWS OVERVIEW

The Latest Crypto Headlines 📰 

Paul Atkins promises “new day” for crypto regulation at SEC
New SEC Chair pledges a rational, clear framework for digital assets, signaling a shift from Gensler’s enforcement-first approach.

SEC sues PGI Global CEO over $198M Ponzi scheme
First crypto case under new Chair Paul Atkins targets AI-fueled fraud, with charges of misusing investor funds for personal luxury.

Aptos loses over 40% of active users as address growth proves non-sticky
Recent user spike fades quickly on Aptos, suggesting airdrop-driven activity failed to convert into long-term engagement.

Binance South Africa to require recipient info for crypto transfers
New compliance rules mean South African users must identify senders and receivers starting April 30 or face transaction rejections.

YOUTUBE INFLUENCER SUMMARY

Summary From The Top Influencers 📷️ 

Ivan on Tech – BITCOIN: RESISTANCE BROKEN!!!!
📅 April 23, 2025 Summary

Bitcoin Breaks Out: The Bull Market Is Back

Ivan is pumped. Bitcoin has officially broken through its key resistance zone near $94K, reclaiming the same range it fell from back in March. He believes this signals a new phase of the bull market and warns that a parabolic move toward $100K and beyond could happen very quickly.

🔥 Welcome to the Relentless Bid Season

Ivan describes the current market as “relentless bid season” — there’s just too much buying pressure and not enough sellers.

• Bitcoin hit $94K and could smash $100K “any day now”

• Tether just printed another $1B, injecting fresh liquidity

• ARK Invest just bought another $267M worth of Bitcoin

• ETH is up 10% in a day and altcoins like SUI and Avalanche are flying

🏛️ Institutional & Government Money Is Pouring In

Ivan says the fundamentals have never been more bullish:

• Donald Trump is launching his own crypto ETFs via Crypto.com

• The Swiss National Bank is buying MicroStrategy stock (aka indirect BTC exposure)

• SoftBank + Cantor Fitzgerald are creating a multi-billion-dollar BTC acquisition vehicle

🇺🇸 vs 🇪🇺 – A Global Divergence on Crypto

Ivan highlights the growing divide between the pro-crypto US and the skeptical EU.

• Trump’s team is fully embracing crypto

• Meanwhile, the ECB warns Bitcoin may hurt global markets

• Switzerland is buying, Germany is selling – Ivan is baffled by how different the two German-speaking nations behave

📈 The Outlook: Mega Bullish, With a Caveat

Ivan sees $100K as the next milestone, but he warns about one key risk: if Bitcoin gets rejected soon, it could form a lower high, which would break the bullish structure.

But for now, he sees no signs of slowdown:

• Global liquidity is increasing

• Trump is de-escalating tariff tensions, removing bearish macro headwinds

• Bitcoin is decoupling from stocks and behaving more like a safe haven

🧠 Why Investors Are Choosing BTC Over Everything Else

Ivan says Bitcoin is winning because it’s:

• High growth

• Low risk

• Globally portable

• Unstoppable and non-confiscatable

🚀 Final Take:

This is it. Ivan believes we’re entering the final explosive leg of this cycle. With global capital shifting toward crypto, major institutions entering, and key resistance levels flipping into support, the road to $137K and possibly $500K is open.

Benjamin Cowen – Bitcoin: The Death Cross Rally
📅 April 23, 2025 Summary

🧠 The Death Cross Doesn’t Mean Doom — It Means Opportunity

Benjamin revisits a pattern he’s been tracking for years: the infamous Death Cross (when the 50-day moving average crosses below the 200-day). It sounds scary, but Ben explains it’s routinely followed by rallies, not crashes.

📉 Then 📈 — The Cycle Is Playing Out Again

Benjamin predicted the recent drop from $87K, before the Death Cross. His base case was that:

1. Bitcoin would dip before the Death Cross

2. Then bottom near the cross

3. And finally rally on the other side

That’s exactly what happened. BTC dropped, hit a local low near $82K, and is now back near $94K.

🧩 What Happens Next? Watch These Levels

Ben avoids hype and prefers structure. His analysis revolves around these key moving averages:

• Next stop: the 50-day SMA (~$84K) — if Bitcoin comes down and holds it, that’s a bullish higher low

• If we fall further, the critical support is the 2024 high (~$74K) — losing this level would break confidence in the cycle

⚖️ Macro Comparison: Is This 2021 or 2019?

Ben compares the current setup to 2021 (strong breakout after Death Cross) and 2019 (temporary rally, then new lows).

If 2021 vibes return:

• BTC continues higher, testing new all-time highs

If 2019 vibes show up:

• BTC may retest and form a lower low, but still holds broader structure

His current bias: neutral to bullish, as long as BTC avoids losing key support levels.

💡 Altcoin Outlook & Dominance View

Ben is watching Bitcoin dominance climb again — now at 64%. He believes this trend continues until monetary policy changes significantly.

That means:

• Altcoins will lag until Bitcoin’s move stabilizes

• ETH and others may struggle to outperform in the short term

⚠️ Key Risk: Misreading the Rally

Benjamin cautions against:

• Panic selling at the bottom (which already happened)

• FOMO buying too high without thinking about structure

• Misunderstanding the difference between a local top and macro cycle top

🧭 Final Take:

Benjamin views this as a typical Death Cross rally, and history shows this usually leads to either:

• A continuation toward new highs (best case)

• A retest or higher low, with the uptrend intact (base case)

• Or a breakdown to a lower low only if Bitcoin loses the 2024 high on a weekly close (worst case)

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