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BTC $73,212.06 +1.18%
ETH $2,254.27 +1.83%
BNB $607.76 +0.12%
XRP $1.36 +0.29%
SOL $85.25 +1.01%
TRX $0.3184 -0.44%
DOGE $0.0942 +0.22%
ADA $0.2559 -0.33%
BCH $445.54 +0.28%
LINK $9.14 +0.92%
HYPE $41.53 +3.93%
AAVE $94.36 +2.90%
SUI $0.9510 +0.60%
XLM $0.1555 -0.78%
ZEC $379.08 +1.52%

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Market sentiment has turned bullish, with traders setting a target price of $88,000 for Bitcoin

Amid a significant rebound in Bitcoin whale activity and a sharp decline in inflows to trading platforms, traders are setting Bitcoin's target price at $88,000. This week, after four days of consolidation between $70,000 and $72,000, Bitcoin reached an intraday high of $73,255 on Friday.The current price structure resembles the breakout trend of the second quarter of 2025—at that time, the price had long been consolidating below the moving averages, and once it broke the descending trend line, it quickly surged to the next supply zone. Currently, $76,000 constitutes a key trigger point, which also corresponds to the upper boundary of the descending trend line formed since Bitcoin's decline from around $126,000. Once broken, the psychological resistance that has suppressed rebounds for the past few months may be eliminated.On-chain data shows that crypto analyst Amr Taha pointed out that in the past 30 days, inflows of Bitcoin from whales to exchanges have dropped to $2.96 billion, marking the first time since June 2025 that it has fallen below $3 billion, while this figure was as high as $8 billion in February this year. Meanwhile, as of April 9, long-term holders have realized a market value change of $49 billion, indicating that accumulation behavior has restarted.Taha stated that these indicators collectively reflect that chips are shifting from weak hands to strong hands, showing a trend of steady accumulation rather than aggressive selling. The CoinGlass liquidity map shows that a large amount of visible liquidity is concentrated in the $86,000 to $90,000 range.

Benchmark is bullish on Securitize: Target price $16, betting on the growth potential of the tokenization sector

Benchmark reiterated its bullish outlook on Securitize in its latest research report, giving it a target price of $16 post-IPO (stock code SECZ), believing it is poised to significantly benefit from the wave of tokenized assets.Analysis indicates that the total market capitalization of companies listed on the New York Stock Exchange is approximately $44 trillion. If Securitize captures just 1 basis point (0.01%) of that market, its platform asset size could double from the current approximately $4 billion. Benchmark emphasizes that Securitize is not only a tokenization platform but also possesses a "complete regulatory qualification system" that includes broker-dealer, transfer agent, and trading functions, which is expected to generate diversified income throughout the entire lifecycle of asset issuance, secondary trading, and custody services. Additionally, the company has been designated as the digital transfer agent for the tokenized securities platform that the New York Stock Exchange plans to launch, which supports 24/7 trading. Meanwhile, its tokenized U.S. Treasury fund BUIDL, in collaboration with BlackRock, has approached $3 billion, indicating rapid growth in the institutional-level RWA market. However, Benchmark also cautions that factors such as regulatory uncertainty, fragmented liquidity, and technological risks may still exert pressure on its valuation.
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