Bitcoin at Risk of Dropping to $75K if BTC's $83K Support Breaks, Chart Analysis Show

According to official data, in the seven days ending April 17th, Circle issued approximately 3.2 billion USDC, redeemed approximately 2.2 billion USDC, and increased circulation by approximately 1 billion coins. The total circulation of USDC is 60.8 billion pieces, with reserves of approximately 61 billion US dollars, including cash of approximately 7.7 billion US dollars, and Circle Reserve Fund holding approximately 53.3 billion US dollars.

Odaily Planet Daily reported that according to Lookonchain monitoring, wallets related to Abraxas Capital withdrew 505 bitcoins (approximately $42.64 million) from Binance within 9 hours. In the past four days, the wallet has withdrawn a total of 2949 bitcoins worth approximately $250 million from the exchange, indicating a continuous trend of whales and institutions increasing their holdings of bitcoins.

Odaily Planet Daily News: Analyst Mignolet has published an article on CryptoQuant's blog platform Quicktake warning that the Bitcoin market is about to experience volatility. Mignolet's disclosed data shows that approximately 170000 BTC are being transferred from the group that has held them for 3 to 6 months, and the behavior of these short-term holders may lead to the current calm BTC price not lasting for long, indicating that the market is about to experience significant fluctuations. In contrast, long-term holders only move about 529 BTC per day, highlighting short-term fears or profit taking, while their long-term beliefs remain intact.

1. Federal Reserve Daly: Interest rate cuts may be less than two times 2. Oregon sues Coinbase 3. Tether has over 450 million users and is growing rapidly 4. US led trade war may lead to a slowdown in global growth rate 5 Matrixport: The possibility of counterfeit currency rising is not high 6. The main force has strong confidence in the future market 7. IMX fluctuated, rising 5.34% in 24H 8. Binance fund rate market has high bearish sentiment The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/455109

The Binance MEME/USDT perpetual funding rate is currently -1.00%, and short positions need to pay funding fees to long positions, indicating a high bearish sentiment in the market. AiCoin [PC - Home - Popular Rankings] has launched the "Fund Rate" ranking, which provides a list of rate arbitrage opportunities. Capital fees are an important mechanism for anchoring spot prices in perpetual contracts, used to balance long and short sentiment. When the funding rate is greater than 0, long positions pay funding fees to short positions; When the funding rate is less than 0, short sellers pay funding fees to long sellers.