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5 On-Chain Signals Suggest Bitcoin’s War-Driven Dip Masks a Quiet Wealth Transfer

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Bitcoin (BTC) Price Performance

Bitcoin’s (BTC) price dropped nearly 3% since the weekend after US-Iran ceasefire talks failed in Islamabad.

The largest cryptocurrency slipped below $71,000 today. It was trading at roughly $70,960 at press time.

Bitcoin (BTC) Price Performance
Bitcoin (BTC) Price Performance. Source: BeInCrypto Markets

On-Chain Data Reveals a Wealth Transfer as Bitcoin Drops on US-Iran News

However, on-chain data tells a different story beneath the surface-level panic. According to an analyst, the military tension spooked retail investors, but institutional capital kept buying. Five key metrics support this thesis.

First, Bitcoin’s Total Netflow on Binance (SMA-30) registered an average of roughly -1,350 BTC, worth about $96 million. Negative netflow indicates coins leaving Binance at an aggressive pace.

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Bitcoin Netflow on Binance
Bitcoin Netflow on Binance. Source: CryptoQuant

Second, the Short-Term Holder Spent Output Profit Ratio (SOPR) across all exchanges sits at 1.0018. 

“The mathematical verdict is irrefutable: realizing losses predominated over the last 182 days, of which 148 (81.32%) were below 1.00. Today, these investors liquidate their positions practically at ‘breakeven’ to escape the volatility, delivering cheap liquidity into the hands of those who dictate the rules of the game,” the analyst wrote.

Third, global exchange reserves fell to about 2.69 million BTC, sitting below the seven-day moving average. That gap represents roughly 4,500 BTC, about $316 million, withdrawn to cold storage during peak geopolitical uncertainty.

“The scenario proves that today’s drop is not a trend reversal, but a brutal wealth transfer disguised as macroeconomic panic. The data shows that betting against the market in the face of this structural liquidity drought is putting yourself in front of an institutional steamroller,” the post added. 

Bitcoin Whale Behavior Confirms the Shift

A separate analysis by Amr Taha reinforced this reading. The 30-day whale inflow to Binance fell to $2.96 billion. The inflow fell below $3 billion for the first time since June 2025.

Declining whale inflows suggest large holders have stopped sending BTC to exchanges for potential sale.

Bitcoin Whale Activity
Bitcoin Whale Activity. Source: CryptoQuant

At the same time, Long-Term Holder (LTH) Realized Cap Change over 30 days rose to $49 billion on April 9. That marked its second return to that level since March 26.

Meanwhile, Short-Term Holder (STH) Realized Cap Change fell to -$54 billion, its third drop below -$50 billion since early March. According to the analyst, weaker holders distribute while long-term holders absorb available supply.

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Whether this accumulation translates into a price recovery will depend on whether the US-Iran stalemate escalates further or yields a diplomatic breakthrough in the days ahead.

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The post 5 On-Chain Signals Suggest Bitcoin’s War-Driven Dip Masks a Quiet Wealth Transfer appeared first on BeInCrypto.

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3 Altcoins to Watch for the 3rd Week of April 2026

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RAVE Price Analysis.

Three altcoins are flashing critical technical setups heading into the third week of April 2026. RaveDAO (RAVE), Polkadot (DOT), and Official Trump (TRUMP) each face pivotal price levels that could define short-term direction.

RAVE continues its parabolic rally with a 185% daily surge. Meanwhile, DOT struggles after a bridge exploit sent the token near all-time lows. TRUMP tests double bottom support ahead of a key holder event.

RAVE Fibonacci Extensions Point Toward $9.00 Target

RaveDAO has been one of the most explosive movers in crypto this month. The token is currently trading at $7.47, reflecting a 185% gain in the past 24 hours alone. This rally extends a larger parabolic move that has delivered gains of over 3,500% from recent lows.

The structure of the advance suggests ordered, Fib-aware positioning rather than random price action. Key Fibonacci extension levels have acted as a staircase throughout the move. The 2.272 extension at $5.45 held as intraday support.

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The next major target sits at the 2.618 Fibonacci extension near $8.99. That level aligns closely with the psychological $9.00 zone. With the current price at $7.47, the gap to that target is roughly 18%.

Breakout candles carried significantly elevated volume. The current daily candle shows no signs of exhaustion wicks or upper shadow rejections. The candle body remains full, closing near its high.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

RAVE Price Analysis.
RAVE Price Analysis. Source: TradingView

However, manipulation concerns have emerged alongside the rally. Certain wallets reportedly deposited 18.58 million RAVE tokens onto Bitget roughly 10 hours before the pump began. The token’s low circulating supply of approximately 239 million out of a 1 billion maximum amplifies concentrated buying pressure.

On the downside, a daily close below $5.45 would crack the parabolic structure. A break below $3.68 would fully invalidate the bullish case and open the door toward $2.12.

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A correction is likely due, as the RSI remains extremely overheated at 99.

DOT Falls Near All-Time Lows After Bridge Exploit

Polkadot is trading at $1.18, down 8% from Sunday’s highs. The decline follows a Hyperbridge gateway exploit that allowed an attacker to mint 1 billion bridged DOT tokens on Ethereum.

The attacker used a forged cross-chain message to change the admin of Polkadot’s token contract on Ethereum. They then minted the full supply and dumped it in a single transaction. The operation netted approximately 108.2 ETH, worth roughly $237,000.

Limited liquidity for the bridged asset capped the attacker’s profit. The exploit did not compromise Polkadot’s native relay chain or the DOT token on its own network. It targeted only the wrapped DOT representation on Ethereum.

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Despite this distinction, major South Korean exchanges Upbit and Bithumb suspended DOT deposits and withdrawals as a precaution. The move added further selling pressure to an already weakened token.

DOT now trades dangerously close to its all-time low of $1.10. The token needs to reclaim the $1.22 level to stabilize. A positive development around the exploit response or network security could help restore confidence.

If DOT establishes above $1.22, it could then challenge the resistance at $1.33.

DOT Price Analysis
DOT Price Analysis. Source: TradingView

A failure to hold current levels would likely push the price toward $1.10. It could potentially fall even further below that floor.

TRUMP Price Tests Double Bottom at $2.78

Official Trump is trading at $2.81, roughly flat over the past 24 hours. The token sits near a critical support level that may form the base of a double bottom pattern.

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The upcoming Mar-a-Lago crypto and business conference scheduled for April 25 has drawn attention to the token. The event offers the top 297 holders a seat at the gathering. The 29 largest whales receive VIP access to the president directly. A qualification snapshot was taken on April 10.

TRUMP needs to hold $2.78 to maintain the double bottom structure. If buyers defend that level, a breakout above the neckline at $3.08 could trigger a rally toward $3.34. That target aligns with the 0.618 Fibonacci retracement level and would represent a 19% gain from the current price.

TRUMP Price Analysis.
TRUMP Price Analysis. Source: TradingView

The bearish scenario emerges if the $2.78 support fails. A breakdown there would send TRUMP toward its all-time low. New lows near $2.44, the 1.272 Fibonacci extension level, could follow. The token remains roughly 96% below its all-time high of $73.43 set in January 2025.

The April 25 holder event can no longer generate significant demand, since the snapshot has already been taken. However, any positive catalyst from the event remains the key variable for TRUMP’s price action.

The post 3 Altcoins to Watch for the 3rd Week of April 2026 appeared first on BeInCrypto.

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Researcher suggests AI may decentralize just as Bitcoin mining turns industrial

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What happens to Bitcoin if US Iran talks break down?

Bitcoin and artificial intelligence appear to be moving in opposite directions regarding how their power is distributed.

Summary

  • Bitcoin mining is increasingly shifting toward industrial-scale operations while AI development begins to move toward smaller and more personal device applications.
  • The edge AI market is projected to reach 119 billion dollars by 2033 as localized data processing and privacy needs drive a 300 percent growth rate.
  • High energy costs in the United States are pushing Bitcoin hash rates toward the Global South, with Ethiopia and Paraguay emerging as major hubs for hydroelectric mining.

Galaxy Research head Alex Thorn pointed out on Sunday that Bitcoin mining, which started on simple home computers, now mostly happens in massive industrial warehouses using specialized gear. AI, however, may take the reverse route. 

While AI currently lives in giant, restricted data centers, Thorn believes open-source progress is closing the gap as major models hit limits in memory and data. 

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“If local models keep getting smaller, cheaper, and more efficient, AI may become increasingly personal and on-device,” he noted.

Localized computing on the rise

Grand View Research estimates the global market for “Edge AI”—technology that runs locally on gadgets rather than through a central cloud—will reach $119 billion by 2033. 

This represents a jump from roughly $25 billion expected in 2025. The growth stems from the explosion of connected devices and a need for instant data processing that does not rely on a distant server.

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Market analysts at GVR attributed this momentum to the expansion of the Internet of Things (IoT). Industry trends show a “rising focus on data privacy and localized intelligence at the network edge,” which allows companies to automate tasks without sending sensitive information to a central hub.

Mining moves to the Global South

A separate report from the crypto exchange KuCoin on Friday showed that while Bitcoin hardware is harder for individuals to own, the locations of these machines are spreading out globally. 

High electricity prices in the United States have made mining unprofitable in certain regions, with costs to produce a single coin sometimes exceeding $100,000.

Operators are now seeking cheaper energy in places like Ethiopia and Paraguay, where hydroelectric power is plentiful. Such a move helps protect the network by ensuring it isn’t tied to the politics or power grids of just one or two nations. 

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According to KuCoin, “this decentralization of mining power across different continents enhances the security of the network by making it less vulnerable to any single country’s political or environmental shocks.”

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Institutions Lead Crypto as Retail Investors Pull Back

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Institutions Lead Crypto as Retail Investors Pull Back

Financial institutions have “accelerated” their participation in crypto markets this year, while retail investors have pulled out, said Exodus CEO JP Richardson on Sunday. 

“This might be the first cycle in crypto history where institutions are in a bull market, and retail doesn’t even know it,” the crypto executive said

Richardson cited a few examples, such as the stablecoin market capitalization all-time high this year, Morgan Stanley’s Bitcoin (BTC) ETF launch, Schwab starting a waitlist for spot Bitcoin trading, Franklin Templeton announcing a crypto division and Fannie Mae accepting Bitcoin-backed mortgages.

“In 2018 and 2022, institutions pulled out with retail. This time, they accelerated,” he said.

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This shift could signal that crypto has evolved from volatile, retail-driven hype cycles to a more mature, institution-led market with steadier accumulation, deeper liquidity and reduced reliance on emotional spikes or panic selling. 

Cost of living crisis keeping retail away

MN Fund founder and crypto YouTuber Michaël van de Poppe echoed the sentiment in an X post on Sunday, stating, “It’s super clear that retail isn’t interested in crypto.”

“Almost everyone has a hard time paying their bills on a monthly basis,” he added, referring to the escalating cost-of-living crisis and inflationary pressures. 

“That’s why this cycle won’t be the retail cycle. It’s the institutional cycle and will take longer.”

Related: Bitcoin price falls under $71K as US-Iran war tensions spark sell-off

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CryptoQuant analyst “Darkfost” noted that retail activity hit a nine-year low earlier this month, reporting that inflows from small accounts with less than 1 BTC reached a record low on Binance.

“Retail investors are clearly absent from the market,” he said. 

The analyst added that some retail investors may have recently left the crypto market to move into equities and commodities, which have also delivered strong performances.

Retail trading activity on Binance has dried up. Source: Darkfost

Near-term sentiment remains fragile

CoinEx exchange chief analyst Jeff Ko told Cointelegraph on Monday that near-term sentiment “remains fragile and heavily macro-driven, especially by oil, the dollar, and inflation expectations.” 

“At this stage, the move still looks more like a macro risk premium overwhelming the near-term bid than a genuine deterioration in crypto appetite.” 

He said he was more confident over the medium term, adding, “I do not expect oil prices to remain elevated given the underlying supply-demand fundamentals.”

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