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63,000 BTC Profit Realized as Bitcoin Tops $76K; Market Rebound?

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Crypto Breaking News

Bitcoin’s rally above $76,000 cooled on Tuesday as short-term holders started taking profits at the strongest pace seen in 2026, even as longer-term investors continued to accumulate. The dynamic—profit-taking from new entrants meeting persistent demand from whales—could influence BTC’s ability to push into the $80,000 zone in the near term.

Data from on-chain trackers show a contrasting pair of behaviors: fresh buyers and short-term traders trimming gains versus entrenched holders quietly adding to their stacks. The tug-of-war helps explain why Bitcoin has paused near a key resistance level while still showing underlying bid support from larger investors.

Key takeaways

  • Short-term holders booked profits: Bitcoin in profit moved to exchanges reached 63,000 BTC on April 14, the highest in 2026, compared with a 44,800 BTC spike on January 14.
  • Fresh supply to exchanges and local profit-taking: The 1 day-to-1 week cohort transferred roughly 2,000 BTC back to Binance while BTC hovered near $76,000, suggesting coins are rotating into sell-side liquidity at a key resistance level.
  • Early-stage cooling signal from buyers: Crypto analyst Amr Taha described the move as the first clear wave of profit-taking after the retest of monthly highs, signaling a natural cooling of upside momentum.
  • Whales step in as buyers of last resort: Inflow of about 71,000 BTC into accumulation addresses represented the largest bullish influx since early 2022, as large holders absorbed available supply from short-term sellers.
  • Liquidation landscape hints at a near-term dip before a potential rebound: The market’s liquidity map shows a cluster of long liquidations around $73,000 (about $1.4 billion) and $70,500 (around $3.5 billion in long positions at risk), while a move toward $80,000 could expose roughly $2 billion in leveraged short bets.

Profit-taking versus whale-driven demand

On-chain analysis indicates a sharp contrast between the actions of newer market entrants and those of veteran holders. The surge in BTC moved to exchanges by short-term holders—63,000 BTC in profit on April 14—marks the highest such metric in 2026, following a notable spike of 44,800 BTC on January 14. This activity aligns with a broader pattern: investors new to the market take profits near obvious resistance, a tactic that can temper momentum in bear-market cycles.

Separately, the 1-day-to-1-week cohort reallocated nearly 2,000 BTC back to Binance during the same window, suggesting freshly acquired coins are being used to provision sell-side liquidity as BTC trades around the $76,000 mark. Crypto analyst Amr Taha framed this as the first clear wave of profit-taking after the retest of monthly highs, a signal that momentum may be cooling rather than reversing decisively.

Against this backdrop, a markedly different flow emerged from the so-called smart money. A tweet from market watcher CW highlighted a single-day inflow of more than 71,000 BTC into accumulation addresses—the largest bullish influx in years. This pattern implies that large holders are absorbing supply from the sellers, potentially stabilizing price action while preserving upside potential for longer-horizon players.

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Liquidity pockets and near-term price dynamics

The price action around the $76,000 area has been telling. After forming equal highs near that level, BTC faced a rejection at the 100-day exponential moving average, marking the first test of this resistance since mid-January. The immediate result was a pullback toward the mid-$70s, with prices dipping to around $73,500 in the near term.

Looking at the intraday liquidity landscape, buyers’ interest appears to accumulate around $73,000 and $72,000 on shorter timeframes. This could generate bid activity that would help sustain a trend continuation, should the market find fresh thrust from stronger hands.

Another lens on the risk surface comes from liquidation maps. The current heatmap shows roughly $1.4 billion in cumulative long liquidations concentrated near $73,000, and about $3.5 billion worth of long positions at risk near $70,500. On the flip side, an ascent toward $80,000 would expose around $2 billion in leveraged short positions. The spread between these long- and short-side risk zones suggests the market could retest the lower end of the range before attempting a meaningful move higher.

For context, investors should also note related coverage on the broader macro and product side of the Bitcoin market. A separate Cointelegraph report this week highlighted inflows into Bitcoin exchange-traded products as Goldman Sachs reportedly filed for a BTC ETF, signaling continued institutional interest and potential long-term demand drivers for the asset class. Bitcoin ETFs post $412M in inflows as Goldman Sachs files for BTC ETF.

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As observers weigh these flows, the critical question remains: will long-term holders’ accumulating pressure sustain a phase of consolidation, or can the market muster enough demand to push through the next major hurdle around $80,000? The answer may hinge on how new buyers balance the temptation to realize gains against the willingness of whales to absorb supply and push price higher in a market still grappling with macro uncertainty and evolving regulatory signals.

In the near term, traders should keep a close watch on how the price behaves around the $72,000–$73,000 range, where bid interest and on-chain liquidity could set the tone for the next move. Eyes also stay on broader market catalysts, including ETF-related flows and any shifts in risk sentiment that could tilt the balance between profit-taking and accumulation.

Related: Bitcoin ETFs post $412M in inflows as Goldman Sachs files for BTC ETF.

Bitcoin’s current dynamics illustrate a market that’s no longer dominated solely by momentum players. A growing chorus of long-term holders and institutions suggests that even as spot prices wobble around resistance, the supply-demand balance may remain tight enough to underpin a continuation of the bull narrative—albeit with increased volatility and intermittent retracements as traders calibrate risk and realize gains.

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Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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DeXe Joins the Altcoin Rally, Price Hits Nearly 1-Year High

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DeXe Joins the Altcoin Rally, Price Hits Nearly 1-Year High

DeXe (DEXE) surged 22% on April 15, 2026, pushing to $12.19 and entering a resistance zone that capped the token’s October 2024 rally. Open interest across all exchanges has recovered to approximately $20 million, up from near-zero levels recorded in January 2026.

The move places DEXE directly at the 0.5 Fibonacci retracement level on the weekly chart. That threshold now determines whether the recovery from January lows continues toward $15 or stalls under concentrated selling pressure.

Open Interest Climbs Back Toward Pre-Correction Levels

DEXE open interest peaked at roughly $39 million in early October 2024 before collapsing alongside price. The liquidation wave erased most leveraged exposure. By late January 2026, open interest had fallen to approximately $5 million, per Coinglass data.

Since February 2026, open interest has rebuilt steadily alongside price, reaching approximately $20 million as of April 15. When OI and price rise together, it may signal fresh capital entering the market rather than a short squeeze closing out losing positions.

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DEXE Open Interest USD chart across all exchanges / Source: Coinglass

For this signal to remain constructive, OI would need to hold above $15 million on any near-term retracement. A drop back below that level would suggest today’s move attracted primarily spot buyers without durable derivatives-backed conviction.

Weekly Fibonacci and Bollinger Bands Create a Decisive Threshold

The weekly chart shows DEXE trading at $12.21, pinned to the 0.5 Fibonacci retracement at $12.17. This level marks the midpoint of the token’s full range between the $0.14 all-time low and the $24.20 all-time high.

A Bollinger Band expansion on the weekly timeframe suggests price is pushing toward the upper band after months of contraction inside a tightening range. However, a declining volume trendline drawn across the weekly chart from October 2024 remains intact.

Price has outpaced volume participation. It suggests the current move may require broader buying to confirm a genuine breakout rather than a temporary spike.

DEXE/USDT weekly chart / Source: Tradingview

The RSI panel, which had been flagged as oversold in early 2026, has recovered to a neutral-to-bullish position. A confirmed weekly close above $12.17 would set the 0.618 retracement at $15.01 as the next target, the level highlighted in yellow on the chart.

DEXE Price Prediction — $15 Target Hinges on Clearing $13.50

The daily chart shows DEXE entering a red resistance zone spanning approximately $12.50 to $13.50. This zone previously capped the October 2024 rally and is now being tested following a multi-month recovery from the January 2026 lows near $2.50.

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Today’s candle opened at $9.97 and reached an intraday high of $12.82. It marks one of the strongest single-session advances of the entire 2026 recovery. A daily close above $13.50 would flip this resistance into support and open the path toward $15.01, aligning with the weekly 0.618 Fibonacci target.

DEXE/USDT daily chart / Source: Tradingview

On the downside, a rejection from the red zone would likely send DEXE back toward the upper green support band between $7.00 and $7.80. That zone held price on multiple daily closes throughout the February and March 2026 consolidation.

A deeper pullback would find support in the lower green band between $4.80 and $5.30.

Given the pace of today’s advance, the RSI is likely extended on the daily timeframe. This raises the probability of short-term consolidation before any sustained move above $13.50.

Whether DEXE holds above the red zone or gets rejected will determine whether the recovery from January lows extends toward the mid-$15 range or resets for another base-building phase.

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ETH Futures Open Interest Rises As Institutional Investors Return

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ETH Futures Open Interest Rises As Institutional Investors Return

Key takeaways:

  • Institutional ETH accumulation remains robust as Ether ETFs and Bitmine Immersion lead a healthy, spot-driven recovery.

  • Lackluster DApp revenue and negative ETH funding rates suggest that traders are skeptical of the rally.

Ether (ETH) price managed to sustain above $2,300 on Wednesday, distancing itself from the $1,940 lows seen on March 29. The recent rally has caused ETH futures open interest to reach $25.4 billion, indicating increased demand for leveraged positions. The movement suggests a potential turn in momentum for ETH bulls after 10 weeks of failed attempts to reclaim the $2,400 level.

ETH futures aggregate open interest, USD. Source: CoinGlass

To determine whether the shift in positioning is driven by bulls, one must assess the ETH futures funding rate. The ETH perpetual futures funding rate has failed to hold above 5% since Friday, indicating a lack of confidence among bulls. 

ETH perpetual futures annualized funding rate. Source: Laevitas

The metric has dipped below 0% multiple times, indicating excess demand for bearish leveraged positions. Under neutral conditions, the indicator should range between 5% and 10% to compensate for the cost of capital.

Still, one could argue that such data reinforces that Ether’s recent rally to $2,350 has been sustained by spot demand.

ETH spot ETF daily net flows, USD. Source: SoSoValue

US-listed Ether spot exchange-traded funds (ETFs) accumulated $248 million in net inflows over the past 10 days, validating the thesis of healthy spot-driven Ether bullish momentum. In parallel, the digital asset treasury company Bitmine Immersion (BMNR US) announced the acquisition of $312 million worth of ETH. Bitmine now holds 4.87 million ETH, equivalent to $11.46 billion.

While institutional accumulation is generally a positive sign, Bitmine’s ETH holdings are trading 13% below their acquisition cost, according to CoinGecko data. Similarly, US-listed Ether ETF assets under management stood at $13.7 billion on Wednesday, down from $20.5 billion three months prior. Ether’s failure to reclaim $2,400 also happened as the S&P 500 index jumped to a new all-time high on Wednesday.

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Weak Ethereum network activity, increased competition 

Part of investors’ reduced appetite for cryptocurrencies can be pinned to the declining activity in decentralized applications (DApps). Almost every corner of the cryptocurrency industry has been negatively impacted by the 2026 bear market, including memecoin token launch platforms, synthetic derivatives trading, collateralized lending, digital collectibles, decentralized exchanges and cross chain bridges.

The few positive highlights, including prediction markets and real-world assets, had no impact on Ethereum network activity. Investors are starting to question whether ETH is well-positioned to capture an eventual surge in demand for DApps, given the emergence of competing blockchains focused on solving specific issues, such as Hyperliquid and Plasma.

Ethereum weekly DApps revenue, USD. Source: DefiLlama

Related: ETH/BTC ratio hits 10-week high as Ether outpaces Bitcoin–Are new price highs next?

Ethereum’s weekly DApps revenue has plummeted to $11 million per week, down from $24 million in early February. The primary reason for investors to accumulate ETH is the expectation of higher onchain processing demand and the subsequent burn mechanism, which creates incentives for long-term holding. 

Despite the increased demand for ETH futures, derivatives metrics failed to flip bullish. Among the potential causes are the losses in Ethereum strategic reserve companies and increased competition in the DApps industry.

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