Tianyuan International Live: Bitcoin Reaches 95000! About to reverse!

Odaily Planet Daily News: Glassnode reported that due to expectations of easing US China tariffs, the price of Bitcoin rose to $94700 at one point, briefly breaking through the key short-term holder cost basis (STH Cost Basis) of $92900. This level is usually considered the critical point for the market to transition from bear to bull. The report points out that the profit to loss ratio (STH P/L Ratio) of short-term holders has rebounded to 1.0, indicating that buyers are currently in a break even state and there is a risk of profit taking. In the current market, 87.3% of Bitcoin supply is in a profitable state, up from 82.7% when the price was at a similar level last time, indicating that about 5% of supply has recently changed hands at a low level. In addition, on April 22nd, the net inflow of US Bitcoin spot ETFs reached a historic high of $1.54 billion, indicating strong institutional demand. However, the negative funding rate in the futures market indicates an increase in short selling interest, and market sentiment remains cautious.

BlockBeats News: On April 24th, Glassnode reported that ETF inflows surged to $1.54 billion, and Bitcoin briefly rebounded above the Short Term Holders (STH) cost price. Nearly 5% of the supply has changed hands, with an increase in short positions and some short-term holders taking profits. This is a crucial backtesting, but the strong support of prices above $92900 has not been confirmed, and it is not yet confirmed that the market has completely turned towards the bullish zone.

Foresight News reported that Bitwise held the first Bitcoin Standard Companies Investor Day event in New York today. The event is a private event for operators and investors, and Bitwise Chief Investment Officer Matt Hougan said he will attend the event.

According to official news, Jonathan Brockmeier has been officially appointed as the Chief Compliance Officer of OKX, and will further strengthen cooperation with global regulatory agencies to consolidate the trustworthy foundation built on the platform. It is reported that Jonathan previously worked at Zepz, a fintech startup, leading the global compliance team, responsible for strategic development, risk and governance of the second line of defense, market expansion, and regulatory affairs. Before joining Zepz, he created a compliance system for the Americas region at Singapore's fintech unicorn Thunes, designing and implementing regulatory frameworks covering the United States, Canada, Mexico, and the entire Latin American market. He has also served as the Chief Compliance Officer for Quberu and World First, as well as a Regulatory Strategy Advisor for Mastercard's Arcus. Announcement details: https://www.okx.com/zh-hans/learn/okx-welcomes-new-cco

According to official sources, the decentralized stablecoin protocol Frax Finance announced that it will conduct a North Star upgrade at noon PST on April 29th (expected early morning Beijing time on April 30th). Through this upgrade, Frax Share (FXS) will be renamed Frax and become the gas token of Fraxtal, replacing frxETH. And as the only commodity token used to ensure security in the ecosystem. FXS held on Fraxtal will be automatically converted to FRAX in a 1:1 ratio, while FXS held on Ethereum must be bridged to Fraxtal for conversion on or after April 29th.