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‘Basis Trade’ Unwind, Not Capitulation, Led to Recent $4B ETF Outflows

‘Basis Trade’ Unwind, Not Capitulation, Led to Recent $4B ETF Outflows

The post ‘Basis Trade’ Unwind, Not Capitulation, Led to Recent $4B ETF Outflows appeared on BitcoinEthereumNews.com. The U.S.-listed spot bitcoin BTC$92,314.32 exchange-traded funds (ETFs) saw billions in outflows in recent weeks amid a 35% price plunge from $125,000 to the low $80,000s, sparking talk of institutional capitulation. Yet data analysis by Amberdata presents a far more nuanced picture: concentrated redemptions from “basis trade,” or arbitrage bets closures, not broad panic across ETFs, with total holdings staying robust at 1.43 million BTC. “Nearly $4 billion in Bitcoin ETF outflows since mid-October. Price collapsed from $125,000 to the low $80,000s – a 35% drawdown that erased six months of gains. The prevailing interpretation: institutions had arrived, seen enough, and were leaving,” Michael Marshall, head of research at Amberdata, said in a report. “The selling, however, was highly concentrated among a few issuers and tied to a mechanical basis trade unwind, not broad investor fear,” Marshall added. What capitulation? Capitulation in financial markets occurs when sellers exhaust themselves after prolonged declines, typically marked by panic selling, high volume, and extreme fear indicators. In the ETF context, true capitulation would entail broad selling across issuers and massive redemptions. But that wasn’t the case over the past two months. Marshall noted that BlackRock dominated 97%-99% of more recent weekly outflows despite holding only 48-51% of assets under management while Fidelity FBTC registered inflows and other smaller ETFs held steady. Meanwhile, over the full 53-day window from Oct. 1 to Nov. 26, Grayscale bled $923 million, which is 53.2% of total gross outflows, followed by 21Shares and Grayscale Mini. Together, these three accounted for 89.1% of outflows. By contrast, BlackRock and Fidelity registered inflows. This dual framing underscores the point: no widespread capitulation, but targeted unwinds. The day-to-day fluctuations in ETF fund flows were highly variable, with a standard deviation of $372 million compared to an average daily flow of $27 million. Targeted…
BTC Makes a Strong Recovery, Increasing By Over 10% After a Tough Week

BTC Makes a Strong Recovery, Increasing By Over 10% After a Tough Week

The post BTC Makes a Strong Recovery, Increasing By Over 10% After a Tough Week appeared on BitcoinEthereumNews.com. See how Bitcoin’s recovery shapes short-term price expectations and why utility-focused projects like Remittix are drawing fresh market attention. The Bitcoin Price Prediction narrative is being closely watched by the broader market now, after BTC staged a sharp recovery following several difficult sessions. Traders are now inspecting how far this rebound can stretch and whether the next liquidity zones will limit momentum.  The bounce also renews attention on ecosystem projects with strong fundamentals, including Remittix, as utility-focused narratives grow across the market. With new capital rotating between leading assets and early-stage ecosystem projects, Bitcoin’s movement this week sets the tone for broader sentiment. Bitcoin Price Prediction: Market Rebounds but Structure Remains Heavy Bitcoin Price Prediction discussions intensified after BTC surged more than 10 percent, pushing through short-term resistance zones as traders reassessed market direction. Recent analysis from Crypto Fortress shows BTC still operating within a larger bearish structure, with clean lower-high formation and liquidity-driven retracements. Image Source: CMC Community The post highlights how BTC is reaching for the premium fair value gap at 99,866–101,184, which aligns with the next technical reaction area.  BTC currently trades at $92,646, supported by a $1.85T market cap. Daily volume stands at $70.35B, reflecting a decline of more than 17 percent as the recovery cools. Market watchers note that a sustained close above the next liquidity band is required to support stronger continuation. Source: TradingView If price rejects at the premium zone, the broader bearish bias remains intact. Traders following high-time-frame signals still monitor the 107,500 threshold as key invalidation for any medium-term shift. This keeps the Bitcoin Price Prediction outlook cautious, even with this week’s sharp rebound. Remittix Gains Attention as Utility Demand Expands While major assets drive volatility, ecosystem projects with strong real-world utility are gaining steady traction. Remittix continues to feature in…
Strategy position outweighs miner pressure in Bitcoin forecast, JPMorgan says

Strategy position outweighs miner pressure in Bitcoin forecast, JPMorgan says

The post Strategy position outweighs miner pressure in Bitcoin forecast, JPMorgan says appeared on BitcoinEthereumNews.com. On December 4, JPMorgan stated that MicroStrategy’s (MSTR) stability is more critical in determining the short-term course of Bitcoin than the recent increase in miner selling. According to the JPMorgan report, the MSTR’s balance-sheet strength continues to reassure markets despite a dropping hashrate and increased operational pressure on miners. The JPMorgan analysts, led by Managing Director Nikolaos Panigirtzoglou, stated in a report released on Wednesday that BTC’s recent drop in hashrate and mining challenges reflect China’s retaliation against its prohibition on BTC mining, following an increase in private mining activity. The analysts further stated that the drop reflects the retreat of high-cost miners outside of China as lower prices and higher energy costs put pressure on profitability.   JPM sees miner equities breaking Bitcoin correlation Bitcoin could theoretically reach $170,000 if investors begin valuing it like gold, according to JPMorgan strategist Nikolaos Panigirtzoglou. After rebounding 12% from November lows, bitcoin briefly turned positive for the year at $93,500, though traders remain alert as… pic.twitter.com/oGCnU1HQ6R — U.S. Global Investors (@USFunds) December 4, 2025 JPM experts revealed that Strategy’s enterprise value-to-bitcoin holdings ratio, which is determined by dividing the market value of its debt, preferreds, and equity by the market value of its bitcoin, is currently at 1.13. The experts further stated that the BTC’s market value of 1.13 follows a significant decrease in the second half of this year. Notably, the analysts argued that if the ratio remains above 1.0, MSTR will eventually avoid selling bitcoins, and investors will likely feel more comfortable. The JPM experts stated that “the bitcoin price continues to hover below its production cost,” which is causing sell pressure on the first and biggest cryptocurrency, even though a decrease in hashrate typically increases miner earnings. JPM analysts stated that the production cost of Bitcoin is now estimated to…
Portal to Bitcoin Raises $25M for Native Bitcoin Swaps

Portal to Bitcoin Raises $25M for Native Bitcoin Swaps

The post Portal to Bitcoin Raises $25M for Native Bitcoin Swaps appeared on BitcoinEthereumNews.com. Bitcoin-native interoperability protocol Portal to Bitcoin has raised $25 million in funding amid the launch of what it describes as an atomic over-the-counter (OTC) trading desk. According to a Thursday announcement shared with Cointelegraph, the company raised $25 million in a round led by digital asset lender JTSA Global. The fundraise follows previous investments by Coinbase Ventures, OKX Ventures, Arrington Capital and others. Alongside the fresh funding, the company rolled out its Atomic OTC desk, promising “instant, trustless cross-chain settlement of large block trades.” The newly deployed service is reminiscent of crosschain atomic swaps offered by THORChain, Chainflip, and more Bitcoin-focused systems such as Liquality and Boltz. What sets Portal to Bitcoin apart is its focus on the Bitcoin (BTC)-anchored crosschain OTC market for institutions and whales, along with its tech stack. “Portal provides the infrastructure to make Bitcoin the settlement layer for global asset markets, without bridges, custodians, or wrapped assets,” said Chandra Duggirala, founder and CEO of Portal. Portal to Bitcoin team members, from left to right: co-founder and chief technology officer Manoj Duggirala, founder and CEO Chandra Duggirala, and co-founder George Burke. Source: Portal to Bitcoin Related: Anchorage–Mezo partnership opens institutional access to low-cost BTC-backed loans Only native assets, without custody Portal to Bitcoin leverages Hashed Timelock Contracts (HTLCs) across multiple chains and Bitcoin Taproot contracts to swap native BTC for native assets on integrated blockchains in a non-custodial manner, with a strong focus on reducing trust assumptions. HTLCs are designed to ensure that either sides complete the exchange or both sides recover their original assets. It leverages BitScaler, a layer-3 resembling Lightning Network built on top of Bitcoin and using Taproot and policy templates. It opens channels much like Lightning channels, introducing a hub-and-spoke structure where validator federation is the hub and liquidity providers are the…
Crypto Market Prediction: 150% Shiba Inu (SHIB) Skyrocketing, Is Ethereum (ETH) Death Cross Cancelation Confirmed? Where’s Bitcoin (BTC) Going to Stop: $93,000, $86,000 or Lower?

Crypto Market Prediction: 150% Shiba Inu (SHIB) Skyrocketing, Is Ethereum (ETH) Death Cross Cancelation Confirmed? Where’s Bitcoin (BTC) Going to Stop: $93,000, $86,000 or Lower?

The post Crypto Market Prediction: 150% Shiba Inu (SHIB) Skyrocketing, Is Ethereum (ETH) Death Cross Cancelation Confirmed? Where’s Bitcoin (BTC) Going to Stop: $93,000, $86,000 or Lower? appeared on BitcoinEthereumNews.com. Despite the questionable performance on the market of all three assets in our review, there is a great possibility of a recovery continuation. The main culprit here is local resistance, which can be broken if at least a fraction of yesterday’s buying volume reappears on the market.  Shiba Inu’s agressive bullishness On the surface, this looks like the kind of ignition event traders wait for in downtrending markets. Shiba Inu just printed one of its most aggressive single-day volume surges in months, roughly a 150% spike. The problem is that SHIB remains structurally pinned below every significant moving average (50, 100, 200) on the chart. Relatively speaking, yesterday’s volume was explosive, but today’s weaker follow-through turns that signal into something far more ambiguous. Was it a classic exit pump in a weary market, or was it genuine accumulation? Based on the price action, the second interpretation is less convincing.  SHIB/USDT Chart by TradingView SHIB’s bounce was rejected almost immediately, leaving a long upper wick after stalling at the 50-day EMA — a level it has not touched since early October. That is not what strong reversals look like. When a real trend shift occurs, shorts are typically forced to cover, producing a decisive close above resistance. Instead, the momentum evaporated, and buyers retreated as quickly as they appeared. The skepticism deepens when looking at RSI levels hovering in the low-40s. SHIB is not strong enough to show bullish momentum, nor is it oversold enough to suggest a classic reversal setup. It is stuck in a middle zone, where conviction usually fades rather than strengthens. The chance of recovery is not zero, though. A second high-volume day would signal that yesterday was not just noise — but this time the candle would need to close green and reclaim at least the…
BlackRock CEO Labels Bitcoin as Panic Asset Amid Uncertainty

BlackRock CEO Labels Bitcoin as Panic Asset Amid Uncertainty

The post BlackRock CEO Labels Bitcoin as Panic Asset Amid Uncertainty appeared on BitcoinEthereumNews.com. Key Points: BlackRock’s Larry Fink classifies Bitcoin as a panic asset. Bitcoin viewed as a hedge amid financial uncertainty. Market reacts to Fink’s comments with increased attention on Bitcoin. At the DealBook Summit on December 5th, BlackRock CEO Larry Fink deemed Bitcoin a “panic asset,” highlighting its appeal amid fiat devaluation and geopolitical crises. Fink’s comments signal institutional interest in Bitcoin as a hedge, with BlackRock’s ETF managing $80 billion, affecting market perceptions and future volatility considerations. Bitcoin Trades at $92,053 Amid Institutional Interest Shift According to CoinMarketCap, Bitcoin (BTC) trades at $92,053.91 with a market cap of 1.84 trillion. Its 24-hour trading volume is $59.12 billion, showing a slight decline. Bitcoin’s 90-day price shifts have been volatile, marked by a 16.91% drop. The Coincu research team notes a trend of increasing institutional acceptance of Bitcoin as an inflation hedge. This pivot aligns with recent regulatory movements facilitating greater digital asset integration into traditional portfolios. Market reactions to Fink’s comments have been significant, with many investors reassessing their positions on Bitcoin in light of his insights. Market Trends and Institutional Adoption Did you know? Bitcoin was created in 2009 as a response to the global financial crisis, aiming to provide a decentralized alternative to traditional currencies. As Bitcoin continues to gain traction among institutional investors, its price fluctuations are closely monitored, reflecting broader market sentiments. Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 06:31 UTC on December 5, 2025. Source: CoinMarketCap Experts suggest that Bitcoin’s volatility may present both risks and opportunities for investors, emphasizing the importance of strategic investment approaches in this evolving landscape. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. Source: https://coincu.com/bitcoin/blackrock-ceo-bitcoin-panic-asset/
American Bitcoin buys the dip hard, DESPITE ABTC’s

American Bitcoin buys the dip hard, DESPITE ABTC’s

The post American Bitcoin buys the dip hard, DESPITE ABTC’s appeared on BitcoinEthereumNews.com. American Bitcoin, the mining and accumulation firm co-founded by Eric and Donald Trump Jr., has signaled a bullish conviction in the world’s largest cryptocurrency by expanding its treasury holdings during a period of market turbulence. American Bitcoin increases Bitcoin holdings In an announcement on 3 December, the company disclosed that it added 363 BTC to its balance sheet. In doing so, it brought its total Bitcoin reserves to 4,367 BTC as of 02 December. This marks a notable increase from the 4,004 BTC reported just weeks prior on 7 November. The timing of this aggressive acquisition is particularly noteworthy. The data indicated that American Bitcoin [BTC] executed its purchases precisely when the price of BTC was experiencing a substantial pullback, plummeting from a peak of $126,000 to a low near $82,000 over the preceding month. This move underscores the firm’s adherence to an opportunistic accumulation strategy, one aimed at maximizing its holdings by buying the dip. This is something that Strategy’s Michael Saylor usually follows.  Firm’s Q3 results and more It also coincided with the price of Bitcoin trading at $92,661.25 at press time, providing a favorable backdrop for the crypto mining and accumulation industry. Meanwhile, ABTC’s stock price was trading at $2.39 at the same time, up by 9.13% as per Google Finance. All this, at a time when the company recorded its impressive third-quarter financial results. For those unaware, American Bitcoin reported a significant surge in key metrics, demonstrating substantial year-over-year growth. Revenue saw a massive hike too, rising to $64.2 million from $11.6 million in the same quarter last year. The company successfully swung to profitability, recording a net income of $3.5 million – A vast improvement compared to the $0.6 million net loss reported a year earlier. American Bitcoin’s stock crash However, the recent drastic drop…