btc

According to on-chain analyst Ai Yi's monitoring, Brother Maji's long position has an unrealized profit of $2.597 million. His total value of $58.78 million in BTC & ETH & HYPE long positions is currently in an unrealized profit state, with the ETH long position alone having an unrealized profit of $1.947 million.Brother Maji has also set take-profit points for some positions, which are: ▶︎ BTC: $77,000 ▶︎ ETH: $2,420 - $2,450 ▶︎ HYPE: $4.888 - $45.5.

According to Gate market data, BTC/USDT is currently priced at $77019.3, with a 24-hour increase of 3.45%.

According to Coinglass data, the total contract open interest for BTC has increased by 5.46% in the past 24 hours, with the current total open interest at $60.051 billion. Among them, Binance's open interest is $10.151 billion, OKX's open interest is $3.435 billion, Bybit's open interest is $4.888 billion, and Gate's open interest is $5.277 billion.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $722 million, with long positions liquidated at $266 million and short positions liquidated at $456 million. Among them, Bitcoin long positions were liquidated at $72.6395 million, Bitcoin short positions at $209 million, Ethereum long positions at $73.4193 million, and Ethereum short positions at $110 million.In addition, in the last 24 hours, a total of 197,074 people were liquidated globally, with the largest single liquidation occurring on Hyperliquid - BTC-USD worth $15.7517 million.

Coinglass data shows that the total liquidation across the network in the past hour reached 157 million USD, with short liquidations at 130 million USD and long liquidations at 26.9 million USD. Additionally, BTC liquidations reached 67.07 million USD, ETH liquidations reached 33.11 million USD, and XYZ:CL (WTI crude oil) liquidations reached 11.3 million USD.

According to Coinglass data, the current holdings of whales on the Hyperliquid platform amount to $3.711 billion, with long positions of $1.856 billion, accounting for 50% of the holdings, and short positions of $1.855 billion, also accounting for 50%. The profit and loss for long positions is $45.0437 million, while the profit and loss for short positions is -$65.6596 million.Among them, the whale address 0x94d3..14 has shorted BTC with a 40x leverage at a price of $71,652.3, currently showing an unrealized profit and loss of -$4.6988 million.

Despite Bitcoin rising to $76,300 at one point this week, market sentiment remains low, with the Fear and Greed Index still in the "extreme fear" range at 21, indicating a clear divergence between price and sentiment. Institutional views suggest that this round of increases is more akin to "valuation repair" rather than a trend reversal. QCP Capital referred to it as a "relief rally," as macro-level inflation, energy, and policy pressures have not fully dissipated.Glassnode pointed out that Bitcoin is still about 5% lower than the key resistance level of the "real market average" at approximately $78,100, and the current rebound has limited depth. The funding structure is also showing divergence. Spot demand and ETF fund flows have warmed up, but profit-taking has increased, and institutional participation remains cautious, with the derivatives market continuing to lean towards downward hedging. Exchange data also shows that demand is more from offshore and retail funds rather than dominated by U.S. institutions. Analysts state that around $75,000 has become a key support/validation level. If subsequent buying cannot sustain, the price may retreat to the range of $70,000 to $71,000.On the macro front, U.S. stocks continue to hit new highs, and oil prices remain high but have not surged further, which has warmed market risk appetite but still carries uncertainty. The market's focus is shifting towards the Federal Reserve's policy path, and the overall environment still poses constraints on crypto assets. In summary, while Bitcoin maintains its rebound, it oscillates near resistance levels, and the market tone remains cautious, with no consistent bullish trend formed yet.

According to Coinglass data, if BTC falls below $71,497, the cumulative long liquidation intensity on mainstream CEX will reach $1.99 billion. Conversely, if BTC breaks above $78,889, the cumulative short liquidation intensity on mainstream CEX will reach $1.148 billion.

According to monitoring by Hyperinsight, Huang Licheng has slightly increased his holdings in ETH, BTC, and HYPE over the past half hour, and then simultaneously placed sell orders to take partial profits. Among them, the sell order for ETH is the largest, with plans to take profits when the price rises to $2365, with the profit-taking range reaching up to $2425, totaling approximately $4.25 million in sell orders.Currently, this address mainly holds a 25x leveraged long position in ETH, with a position size of $32.8 million, an average price of $2253, and a liquidation price of $2148, making it the largest long position in ETH on the Hyperliquid platform.

According to CoinDesk, Glassnode's Bitcoin on-chain metric RHODL ratio is currently at 4.5, which is the third highest level on record, and the signals it emits are more aligned with a market bottom rather than a cycle top.The RHODL ratio compares the value of Bitcoin held by long-term holders (holding for 6 months to 3 years) to that held by short-term holders (holding for 1 day to 3 months). An increase in the ratio typically reflects a longer holding period for chips and reduced speculative activity, rather than an influx of new buyers—this dynamic has occurred after significant corrections in 2015, 2019, and 2022. During the 50% drop in Bitcoin over the past six months, young speculative chips have been largely washed out, concentrating wealth among long-term holders.Historically, the RHODL ratio has only been higher than the current level twice: in 2015 (ratio of 5) and in 2022 (ratio of 7), both corresponding to cycle bottoms, which suggests that Bitcoin may still have further downside potential. However, to push the ratio to higher levels, it typically requires the activity of short-term holders to be nearly exhausted, and this condition is not yet evident under current circumstances—Bitcoin has rebounded about 25% from its February low, perpetual contract funding rates remain negative, and the S&P 500 has also reached an all-time high.Overall, this indicator suggests that the current market conditions are closer to an adjustment within the cycle rather than a cycle top formation, and the re-dominance of long-term holders in the market may indicate that a phase bottom is approaching.

According to Gate market data, BTC/USDT is currently reported at $76000, with a 24-hour increase of 1.55%.

According to monitoring by Hyperinsight, a whale opened a BTC long position with 40x leverage, with a position size of 6.95 million USD and an average price of 75,320 USD. After gaining about 20% in floating profit, the address immediately placed a limit take-profit order, planning to close the entire position at 77,000 USD.It is worth noting that the address did not set any stop-loss orders. Considering that the liquidation price is at 74,287 USD, it may imply using the liquidation line as an implicit stop-loss level.

According to Coinglass data, if Bitcoin breaks through $77,000, the cumulative short liquidation intensity on major CEXs will reach $1.17 billion. Conversely, if Bitcoin falls below $73,000, the cumulative long liquidation intensity on major CEXs will reach $1.277 billion.Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster relative to nearby liquidation clusters, that is, the intensity. Therefore, the liquidation chart shows to what extent the underlying price reaching a certain position will be affected. A higher "liquidation bar" indicates that once the price reaches that point, there will be a stronger reaction due to liquidity waves.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $437 million, with long positions liquidated at $221 million and short positions liquidated at $216 million. Among them, Bitcoin long positions were liquidated at $66.6917 million, Bitcoin short positions at $52.284 million, Ethereum long positions at $69.5118 million, and Ethereum short positions at $39.1847 million.In addition, in the last 24 hours, a total of 179,145 people were liquidated globally, with the largest single liquidation occurring on Binance - BTCUSDC worth $9.7198 million.

According to Greekslive, approximately 22,000 BTC options are expiring, with a Put/Call ratio of 1.05, a maximum pain point of $72,000, and a notional value of about $1.65 billion; at the same time, about 100,000 ETH options are expiring, with a Put/Call ratio of 0.95, a maximum pain point of $2,250, and a notional value of about $460 million.

According to Coinglass data, the current average funding rate for BTC across the network over 8 hours is -0.0009%. Among the current mainstream exchanges, the rate on Binance is 0.0027%, OKX is -0.0004%, Bybit is -0.0017%, and Gate is -0.0024%.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $3.618 billion, with long positions of $1.82 billion, accounting for 50.31% of the holdings, and short positions of $1.798 billion, accounting for 49.69%. The profit and loss for long positions is $18.0247 million, while for short positions it is -$37.9736 million.Among them, the whale address 0x94d3..14 has shorted BTC with a 40x leverage at a price of $71,652.3, currently showing an unrealized profit and loss of -$3.3692 million.

According to Cryptoquant, the Bitcoin Comprehensive Market Index (BCMI), composed of MVRV, NUPL, SOPR, and the Fear and Greed Index, is currently testing a historically key pivot zone. Analyst Woominkyu (@Woo_Minkyu) stated that the BCMI index has fallen to the range of 0.2 to 0.3. While it does not guarantee an immediate "V-shaped" reversal, this area historically corresponds to deeply undervalued levels for BTC.Through data backtracking, BCMI confirms that the current pullback has reset realized value and market sentiment to levels not seen since the beginning of 2023; however, the 90-day moving average (white line) is still trending downward. From a conservative perspective, it is necessary to wait for this slope to flatten, which will signal the exhaustion of selling pressure. Additionally, analyst Woominkyu believes the market is entering a "value accumulation zone," where the downside potential is shrinking compared to the long-term upside potential. However, it is still necessary to wait for price stabilization to confirm the bottom signal of the index.

According to CoinDesk, Bitcoin is currently priced at $74,700, down 0.4% in the last 24 hours. News of ceasefire negotiations between the U.S. and Iran has boosted risk sentiment, with the S&P 500 index reaching a record high on Thursday. Trump stated that the prospects for a permanent ceasefire between the U.S. and Iran "look very optimistic," claiming that Iran has agreed to abandon its nuclear ambitions, hand over nuclear materials, and reopen the Strait of Hormuz, although Iran has not yet confirmed these concessions.Meanwhile, the market is closely monitoring the structural signals behind Bitcoin's price movements. ZeroStack CEO Daniel Reis-Faria stated, "The funding rate is so negative that it indicates the market is heavily short. If Bitcoin continues to rise in this context, a large number of short positions may be forced to close, further accelerating the price upward." He predicts that if the short base is forced to cover, Bitcoin could reach $125,000 within the next 30 to 60 days.On-chain analyst CryptoVizArt provided another perspective: Bitcoin's "True Market Mean" (TMM) shows that the average cost basis of active holders is currently above the market price, indicating that holders are overall in a state of unrealized losses. Since 2016, consistently falling below this mean has often coincided with Bitcoin's most severe downturns, including the bear market from 2018 to 2019 (with a maximum drop of 57%, lasting 282 days) and the decline following the Luna and FTX collapses from 2022 to 2023 (with a maximum drop of 56%, lasting 339 days).Analysts point out that these two judgments are not mutually exclusive—the short squeeze triggered by the extremely negative funding rate and the structural pressure of overall unrealized losses among active holders can coexist. The former may trigger a significant rise, but ultimately could be absorbed by selling from the latter. The future market direction may depend on whether the U.S.-Iran ceasefire can be sustained after its expiration next week.

According to Coinglass data, if BTC falls below $70,926, the cumulative long liquidation intensity on major CEX will reach $1.366 billion. Conversely, if BTC breaks above $78,318, the cumulative short liquidation intensity on major CEX will reach $1.24 billion.