Buyers Return To Breakeven

Zach Pandl noted in an Apr. 21 update that Bitcoin rebounded sharply after bottoming near $63,000 on Feb. 5.

On-chain data shows the “realized price” for coins moved in the past one to three months sits around $74,000. This means many recent buyers are now back at breakeven.

Historically, when short-term holders move from losses to breakeven and then into profit, it can signal the early stages of a new bullish phase, as selling pressure tends to ease and confidence gradually returns.

Pandl added that this dynamic points to a potential durable bottom forming in the $65,000–$70,000 range, even though Bitcoin remains below its late-2025 highs.

Key Decision Zone

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Bitcoin is holding above $75,000 as sentiment remains stable ahead of a possible U.S.-Iran meeting.

Notable Statistics:

Coinglass data shows 114,658 traders were liquidated in the past 24 hours for $286.09 million.       

SoSoValue data shows net inflows of $238.4 million from spot Bitcoin ETFs on Monday. Spot Ethereum ETFs saw net inflows of $67.8 million.

In the past 24 hours, top gainers include RaveDAO, MemeCore and JUST.

Notable Developments:

Trader Notes:

Quantative trader KillaXBT said Bitcoin is still being viewed as mid–bear market cycle, roughly 212 days into its current phase. Based on historical patterns, he suggested downside pressure could extend into the second…

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The $78,000 Cost Basis Problem

The active investor cost basis sits at approximately $78,000, where last week’s rally stopped. This represents the average price investors paid for Bitcoin on secondary markets.

Jim Ferraioli, Director of Digital Currencies Research and Strategy at the Schwab Center for Financial Research, says both the $78,000 and $83,000 levels show that the average Bitcoin investor is currently sitting at a loss.

“These levels could serve as much stronger areas of resistance than moving averages,” Ferraioli told Decrypt.

Why $83,000 Is The Real Sell Zone

Around $83,000 is the average cost basis across all spot Bitcoin ETPs. This is where new crypto investors are likely…

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XRP (CRYPTO: XRP) may be setting up for a short-term rebound, but analysts caution that the broader trend remains bearish unless key resistance levels are reclaimed.

XRP’s Cyclical Structure

In an Apr. 20 podcast, technical analyst ChartNerd said XRP continues to follow a long-term cyclical pattern seen since 2020.

Historically, the asset has dropped to a rising support trendline, formed a base such as a double bottom, and then triggered a strong rally to new highs.

The current phase appears to be another correction following the July 2025 peak. Based on this structure, XRP may still need to revisit its key support zone between $0.70 and $0.90 before forming a durable cycle bottom.

On the…

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The Scam Messages

The fraudsters ask for vessel ownership documents, cargo manifests, and crew lists. After reviewing the paperwork, they send a payment demand—often hundreds of thousands to millions of dollars in Bitcoin or USDT, Reuters reported.

“After providing the documents and assessing your eligibility by the Iranian Security Services, we will be able to determine the fee to be paid in cryptocurrency,” the fraudulent message reads. “Only then will your vessel be able to transit the strait unimpeded.”

MARISKS said these messages are scams and were not sent by Iranian authorities.

One Ship Paid And Got Shot At

At least one vessel tried to exit the strait Saturday after paying a…

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