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BTC $74,656.06 -0.50%
ETH $2,319.17 -1.59%
BNB $628.09 +0.49%
XRP $1.43 +1.40%
SOL $87.50 +2.43%
TRX $0.3256 -0.06%
DOGE $0.0966 +0.13%
ADA $0.2524 +0.96%
BCH $447.69 +0.99%
LINK $9.35 +0.43%
HYPE $43.56 -4.49%
AAVE $111.81 +5.16%
SUI $0.9759 +0.44%
XLM $0.1647 +2.79%
ZEC $331.48 -3.11%

easter

Analyst: Bitcoin shorts are overly crowded, may rebound to squeeze shorts before the Easter holiday

According to The Block, Bitcoin has fallen below $66,000, with a 24-hour decline of 3.7%, continuing to fluctuate between $60,000 and $70,000 in recent weeks.Glassnode states that spot demand is beginning to absorb selling pressure, but it is not yet enough to drive sustained upward movement. It is estimated that 8 to 9 million BTC have a holding cost above the current price, forming a persistent "resistance" that suppresses rebounds, while long-term holders are still realizing losses at high levels, indicating that the stage of chip redistribution has not yet ended.In terms of derivatives, the funding rate has remained negative for most of the first quarter to date, meaning traders are paying a premium to hold short positions.Bitfinex analysts point out that "traders are willing to pay a premium to maintain downside exposure," and this concentrated short position pattern could trigger a short squeeze if upward momentum occurs. Demand in the options market has also declined, with implied volatility contracting and skew slightly leaning towards downside protection, indicating that investors prefer to hedge risks rather than bet on a breakout.On the macro front, Bitunix analysts indicate that the market has entered a "supply chain disruption" phase, with energy and industrial metal production being hindered and beginning to transmit inflation. Currently, liquidity for Bitcoin is concentrated between $69,000 and $70,100, with a key testing level below around $65,500.K33 notes that traders are entering the typically calmer Easter holiday window with a "cautiously aggressive" stance. From a long-term perspective, Pantera Capital founder Dan Morehead stated in a recent podcast that Bitcoin may need another six to eight months to bottom out, but he also believes that Bitcoin has reached "escape velocity," with institutional participation still close to zero, and the next round of increases will be driven by broader adoption.

BOB announced the token economic model and announced that the TGE will take place on November 20th, Eastern Time

The mixed public chain project BOB (Build on Bitcoin) announced on X that it will conduct its TGE at Eastern Time and publicly disclose the $BOB token economic model for the first time on its official blog. The total supply of tokens is 10 billion, which will be minted on the BOB mixed chain and presented in the form of ERC20 tokens. The distribution rules are as follows: 50.91% of the $BOB tokens are allocated to the BOB community and ecosystem: initial subscription (4.15%), community public sale (2%), and ongoing ecosystem and community incentive programs (44.76%); 10% of the $BOB has been allocated to the BOB Foundation to fund research and development as well as initiatives aimed at expanding and improving BOB products, distribution, and technical design; approximately 20.09% of the $BOB tokens are allocated to early supporters who provide significant financial, consulting, and strategic support; 19% of the $BOB tokens will be reserved for early and future core contributors to attract top talent in the industry to collaboratively build the future of the Bitcoin DeFi ecosystem.The tokens allocated to core contributors and early supporters will be locked at the time of the TGE and will be unlocked according to a pre-set release plan over 2-3 years. A total of 77.8% of the BOB token supply will be locked on the first day of the token issuance. The tokens allocated to the foundation and the ecosystem and community will also be gradually unlocked over 48 months. All 10 billion tokens will be fully unlocked 48 months after the BOB token issuance.

Vitalik: The mission of Ethereum is to connect the Eastern and Western communities, with plans to achieve a tenfold expansion next year

ChainCatcher news, Ethereum co-founder Vitalik Buterin stated during his speech at EthTokyo 2025 that he firmly believes Layer 2 solutions are the future direction of Ethereum. He further proposed an ambitious goal: Ethereum plans to achieve a tenfold increase in capacity next year, enhancing the network's throughput and accessibility while maintaining decentralization and security.Vitalik particularly emphasized the role of Asia. China developed the early PyEthereum client, and volunteers translated the white paper and documentation into multiple languages, with community efforts driving Ethereum's global expansion. He compared the development styles of Chinese and Japanese developers: Chinese projects progress rapidly and on a large scale; Japanese developers are more adept at experimenting with new technologies. Looking ahead, Vitalik called for more researchers and application developers to join, stating that reliance should not be solely on the core team. He encouraged Asian developers to focus on efficiency and security, believing that AI will become an important learning tool.New technologies often "reset" ecosystems, such as the breakthroughs brought by zero-knowledge proofs. Vitalik predicts that the 2030s will usher in a new technological paradigm. He reiterated that Ethereum's mission is to connect Eastern and Western communities. Regarding funding models, he believes that the global advantages of ICOs surpass those of traditional VCs and proposed that the future should combine ICOs with DAO governance to create a more open and transparent funding mechanism.
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