A public dispute between Tron founder Justin Sun and Trump-linked crypto project WLFI$0.08085 escalated Wednesday after Sun sharply criticized a new governance proposal, calling it “one of the most absurd governance scams” he has seen.

In a lengthy post on X, Sun accused the project of designing a vote that punishes dissent, with token holders who vote against the proposal risking having their tokens locked indefinitely.

He also claimed he and other large holders had been excluded from the process, alleging that tokens tied to roughly 4% of voting power under his control had been frozen.

More broadly, Sun questioned whether the vote has any real authority, claiming control over the protocol sits with anonymous wallet addresses, including a multisignature setup that can override outcomes and a separate account with the power to blacklist users.

“This proposal is not governance,” Sun said in the post. “It is an exercise of power by the selected few who are carefully engineering a further power consolidation and property expropriation operation.”

WLFI proposal

The criticism centers on WLFI’s new proposal that would overhaul token lockups across the ecosystem. More than 62 billion WLFI tokens would be subject to new terms, including multi-year lockups and vesting schedules.

Under the plan, tokens held by insiders — such as team members, advisors and partners — would face a two-year lockup followed by a three-year gradual release, alongside a 10% token burn upon opting in. Early supporters would face slightly shorter vesting terms but no burn. In total, up to 4.5 billion tokens could be permanently destroyed.

Holders who do not accept the new terms would remain locked indefinitely, per the proposal.

Sun was not alone in pushing back. Simon Dedic, founder of Moonrock Capital, said early investors had effectively been “rugged.”

“All the $WLFI early investors who thought they were sitting on solid profits just got rugged, by the Trump family themselves,” Dedic wrote on X, adding that the move appeared to give the project another chance to extract value from investors. He also criticized what he described as “blatant misconduct” with little effort to conceal it.

A World Liberty Financial spokesperson told CoinDesk that the proposal “was designed to further align all the participants in the WLFI ecosystem for the long-run,” adding that it aims to “optimally ensure long-term participation in our ecosystem and help ensure healthy market supply.”

Escalating feud

The backlash marks the latest episode in the breakdown in relations between Sun and the project.

Earlier this week, WLFI threatened legal action, saying it had “contracts” and “evidence” after Sun accused the team of exploiting users through DeFi transactions.

The dispute has been building for months. In September, WLFI blacklisted a blockchain address linked to Sun that held about $107 million worth of its governance tokens at the time. That marks a sharp reversal from late 2024, when Sun was a key backer, investing $30 million in WLFI tokens and taking on an advisory role to help support the project.

Tensions intensified after WLFI deposited 5 billion of its own tokens into lending protocol Dolomite — where one of its advisers is a co-founder — and borrowed roughly $75 million in stablecoins. The tokens fell 12% to a record low the next day, after which Sun publicly accused the project of treating users as “personal ATMs,” triggering the latest legal threats.

TLDR

• Bitcoin climbed to $76,100 but failed to close above the $75,000 resistance level.
• The asset ended the session at $74,164 after sellers defended the key supply zone.
• Bitcoin rebounded 15.8% from $65,692 earlier this month before pulling back.
• The $72,000 level continues to act as short-term support for the current range.
• The 50-day moving average at $69,680 could provide support if the price declines.

Bitcoin price faced renewed selling pressure near $75,000 after another failed breakout attempt. The asset reached $76,100 on Tuesday but closed below resistance. Despite the pullback, technical indicators still show room for further upside.

Bitcoin Price Tests $75,000 Resistance Again

Bitcoin (BTC) climbed to $76,100 on Tuesday, marking its highest level since early February. However, sellers pushed the price down before the daily close. The asset ended the session at $74,164 after failing to hold above $75,000.

Earlier this month, Bitcoin rebounded from $65,692 and gained 15.8% to reach the recent peak. It has since retained about 8.45% of that advance. On March 17, Bitcoin also touched $76,000 but fell back to $73,920 after facing strong supply.

The repeated rejection at $75,000 confirms the level as firm resistance. Sellers continue to defend the zone, which limits upward movement. Bitcoin trades at $74,036 at the time of writing.

The price also encountered the 100-day simple moving average near the resistance zone. This moving average stands at $94,935 and adds technical pressure. As a result, bulls failed to secure a daily close above the barrier.

Failure to break resistance increases the risk of a decline toward $68,000 and $65,000. The 50-day moving average at $69,680 could provide support if the price drops. Market structure remains dependent on holding key levels.

Bitcoin Price Holds $72,000 Support as Indicators Stay Positive

Bitcoin price continues to hold the $72,000 micro support level identified by analyst Michael van de Poppe. He stated, “Holding $72,000 opens the path toward a new breakout.” The level now acts as a short-term foundation.

Van de Poppe projected a move toward $80,000 to $85,000 if Bitcoin closes above $75,000 with strong volume. He said the move could occur before the end of April. Such a rally would return Bitcoin to levels last seen in late January.

The daily Relative Strength Index stands at 60.74, which signals room before overbought conditions above 75. The reading reflects steady momentum without extreme conditions. Buyers still maintain control under current levels.

The Moving Average Convergence Divergence also supports bullish momentum. The MACD line reads 1,201.91 and remains above the signal line at 590.84. Green histogram bars continue to expand on the daily chart.

Bitcoin must secure a decisive close above $75,000 to confirm renewed upward momentum. Until then, the price remains within a defined range. Current data shows Bitcoin trading at $74,036.

Bitcoin stalls near $75,000 on Gate as traders test a familiar resistance band after bouncing from $68,000 support that has repeatedly defined this cycle’s downside line.

Bitcoin (BTC) surged to $75,000 on Gate’s BTC/USDT market on April 15, marking another test of the level that has capped every major rally this year.

According to Gate market data, BTC/USDT is currently quoted at $75,000 with a 24‑hour increase of 1.19%, after touching an intraday high near $74,949 and a low around $73,510.

The latest push higher extends a rebound that began when Bitcoin bounced from roughly $68,000 support, a range that crypto.news recently described as “the last line of defense” before deeper downside.

In a recent crypto.news story, Bitcoin was trading near $74,400 after a more than 5% intraday jump, with the outlet flagging $75,000 to $76,100 as the “next meaningful resistance” tied to February’s pre‑war swing high.

That zone has repeatedly rejected upside attempts; earlier coverage noted that $73,000 to $75,000 has “capped every rally” since the US‑Iran ceasefire, forcing altcoins like ETH, SOL and DOGE to lag whenever BTC stalls below a clean breakout.

RootData, citing Gate’s order book, similarly reported that “BTC/USDT is currently reported at $75,008.8, with a 24‑hour increase of 5.65%,” underscoring how quickly momentum can accelerate once Bitcoin approaches this band.

The latest move unfolds against a backdrop of strong spot and derivatives flows, with prior crypto.news analysis highlighting that ETF inflows, whale accumulation and short liquidations have repeatedly driven spikes as Bitcoin reclaims key psychological levels such as $70,000 and $75,000.

While the current gain of 1.19% on Gate is modest compared with earlier 5% surges, traders are watching whether sustained closes above $75,000 can finally confirm a technical breakout and reopen the path toward Bitcoin’s all‑time high near $125,600 set in late 2025.

For broader context, previous reporting on Bitcoin’s sharp drop below $75,000 during April 2025 circuit‑breaker events showed how quickly the level can flip from support to resistance when macro risk and leverage unwind collide, a dynamic still in the back of traders’ minds as BTC revisits the mark today.

Relevant crypto.news articles referenced in the piece include this story on Bitcoin’s $68,000 support and $75,000 ceiling, this analysis of BTC’s four‑week high near $74,400, and this breakdown of how $73,000 and $75,000 have repeatedly capped altcoin recoveries.

TLDR

• Michael Saylor signaled a renewed plan to reach 1,000,000 Bitcoin through continued STRC issuance.
• Strategy may have surpassed 800,000 Bitcoin in total corporate reserves.
• The company raised funds this week to acquire 17,284.73 Bitcoin through STRC.
• Strategy continues to purchase an average of 9,000 Bitcoin per working week.
• The firm needs to increase its holdings by about 20% to reach 1,000,000 Bitcoin.

Michael Saylor signaled a renewed accumulation plan as Strategy approaches 1,000,000 BTC on its balance sheet. He posted an image with the caption, “Millions of Possibilities, One Solution,” which referenced STRC preferred shares. Meanwhile, the company continues raising capital and converting proceeds into Bitcoin purchases at a steady pace.

STRC Mechanism Drives Capital Toward Bitcoin Accumulation

Saylor shared a photo holding an orange Rubik’s Cube and wrote, “Millions of Possibilities, One Solution.” He linked the message to STRC, which Strategy uses to fund Bitcoin acquisitions. The post appeared as issuance levels for STRC preferred shares reached record highs.

According to the company’s weekly report starting April 13, STRC keeps channeling market liquidity into Bitcoin purchases. Data from strc.live shows Strategy raised funds this week to acquire 17,284.73 BTC. The firm continues executing purchases as capital becomes available.

STRC enables Strategy to buy Bitcoin by leveraging the spread between its cost of capital and the asset’s yield. Shares currently trade at parity near $100, which supports issuance efficiency. As a result, the company maintains steady access to funding under present market conditions.

Path to 1,000,000 BTC and Current Reserve Status

Strategy’s Bitcoin reserves may have surpassed 800,000 BTC based on recent disclosures. To reach 1,000,000 BTC, the company needs to increase holdings by about 20%. The firm continues accumulating coins through weekly purchases funded by STRC.

At the current rate of roughly 9,000 BTC per working week, Strategy could reach its target within 24 weeks. That timeline points to completion by the end of 2026 if the pace remains unchanged. The company maintains a structured acquisition schedule tied to capital inflows.

Strategy’s Bitcoin holdings now carry a market value of more than $57.7 billion. The company reports it has reached breakeven on its aggregate position at current prices. It continues publishing updates that detail both issuance activity and Bitcoin purchases.

STRC issuance volume remains active as shares trade close to their $100 reference value. This pricing level supports continued capital raises without discount pressure. The company therefore, sustains its funding approach while expanding its Bitcoin reserves.

Bitcoin’s (BTC) rally stalled above $76,000 stalled on Tuesday after short-term profit-taking by traders reached its highest level in 2026. 

The activity coincided with continued accumulation by long-term holders, and this opposing interaction between the two cohorts may continue to impact Bitcoin’s attempts to break into the $80,000 range.

Bitcoin profit-taking meets whale demand

New Bitcoin short-term holders moved their holdings as BTC in profit sent to exchanges reached 63,000 BTC on April 14, the highest level in 2026, since the 44,800 spike on Jan. 14.

Onchain data shows that the one-day-to-one-week cohort moved nearly 2,000 BTC back to Binance during the same time. This implied that freshly acquired coins are rotating into sell-side liquidity as BTC traded near $76,000.

Crypto analyst Amr Taha flagged this as the first clear wave of profit-taking after the retest of the monthly highs. The activity aligns with cautious distribution, in which newer participants seek to secure gains at key resistance levels during a bear market.

Taha noted that this indicates a natural cooling phase in momentum.

Meanwhile, BTC whale behavior shows a different pattern. Market analyst CW noted a single-day inflow of over 71,000 BTC into accumulation addresses, the largest bullish inflow since early 2022. The large holders appear to be absorbing available supply from the short-term sellers. 

The relationship between these flows points to a transfer of coins from weaker hands to stronger ones, which may stabilize the price while limiting an immediate rally.

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

Bitcoin liquidity cluster may lead to a small dip

After forming equal highs near $76,000, BTC’s price rejected near the 100-day exponential moving average (EMA), marking the first test of this trend since Jan. 14. The momentum slowed after the rejection, with price slipping to $73,500.

However, on the lower time frame, the bullish trend remains intact. 

On the one-hour chart, internal liquidity levels are resting around $73,000 and $72,000. These zones may attract bid orders that may get filled before a trend continuation.

The liquidation heatmap provides additional context, with $1.4 billion in cumulative long liquidations clustered around $73,000. That figure rises to $3.5 billion in long positions at risk near $70,500.

At the opposite end, a move toward $80,000 would expose $2 billion in leveraged short positions. The spread between the long and short liquidation zones suggests BTC may retest the $72,000 to $70,000 range before moving higher. 

Related: Bitcoin shows ‘bull market behavior’ as chart pattern targets $90K