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Bitcoin (BTC) Climbs Toward $75K as ETFs Draw $833M and Major Holders Accumulate $2.1B

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Bitcoin (BTC) Price

Key Takeaways

  • BTC reached a four-week peak approaching $75,000 before settling around $74,290
  • Approximately $530 million in cryptocurrency liquidations occurred, predominantly affecting short sellers at 80%
  • Optimism surrounding potential US-Iran diplomatic progress is viewed as the primary catalyst
  • Spot Bitcoin ETFs recorded $833 million in net capital inflows over the previous week
  • Large wallet addresses accumulated 30,000 BTC throughout March, representing approximately $2.1 billion

Bitcoin successfully breached the $73,000 threshold on Monday after three previous rejection attempts over the preceding eight days, climbing to $74,484 — marking its strongest performance since the Iran tensions escalated in late February.

Bitcoin (BTC) Price
Bitcoin (BTC) Price

This price movement resulted in $534 million worth of forced liquidations affecting approximately 180,000 market participants. Short positions accounted for $430 million of these liquidations, representing the second substantial short squeeze within a six-day period.

Source: Coinglass

Ethereum demonstrated stronger performance than Bitcoin, climbing 7.7% to $2,366 — reaching levels not seen in approximately ten weeks. Solana advanced 4.6%, while BNB increased 3.3%. All top-10 cryptocurrency assets by market capitalization recorded positive movements across both 24-hour and seven-day timeframes.

The most significant individual liquidation involved a $12.4 million BTC-USDT short position on the Aster exchange. Bitcoin represented $229 million in aggregate liquidations, with Ethereum following at $136 million.

Market participants are attributing the upward movement to indications from President Trump suggesting potential willingness to re-engage in diplomatic discussions with Iran. Despite a US military blockade of the Strait of Hormuz commencing Monday, financial markets appear to interpret this as a negotiating tactic rather than military escalation.

Jeff Mei, COO at BTSE, shared with Cointelegraph: “Market participants believe the US and Iran are progressing toward an agreement. Iran is urgently seeking to negotiate a settlement, and equity and cryptocurrency markets are responding positively.”

The S&P 500 has completely recovered all declines stemming from the Iran conflict, while the MSCI All Country World Index extended its winning streak to eight consecutive sessions.

Institutional Investment and Large Holder Behavior

Bitcoin ETFs captured $833 million in net positive flows throughout the past week. James Butterfill from CoinShares indicated this “demonstrates renewed risk appetite following preliminary ceasefire progress regarding Iran, combined with support from weaker-than-anticipated US consumer spending and inflation figures.”

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Net Inflows to Bitcoin Exchange-Traded Funds (ETFs)
Source: Farside Investors

Blockchain analytics from Santiment reveal that addresses containing between 1,000 and 10,000 BTC increased their holdings by 30,000 tokens during March — valued at roughly $2.1 billion. Approximately 20,000 BTC of this accumulation occurred within a 24-hour window.

The Santiment analytics account highlighted on X that these large holders now possess over 4.25 million BTC, representing 21.3% of circulating supply — their highest concentration since mid-February.

Technical Outlook and Key Levels

Trading organization Valerius Labs observed: “This movement doesn’t constitute a genuine breakout. It’s a short squeeze encountering resistance zones. Authentic demand emerges above the 200-period simple moving average, not 15% beneath it.”

CryptoQuant has identified critical resistance approaching $79,000 — corresponding to the Traders’ Realized Price, where recent participants who entered during the downturn reach their cost basis and may consider profit-taking.

The 4-hour Relative Strength Index has advanced to 62, surpassing its 14-period moving average, which technical analysts interpret as strengthening bullish momentum. The current ceasefire arrangement between the US and Iran is scheduled to conclude next week, with additional diplomatic sessions under consideration.

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Crypto World

Marvell (MRVL) Stock Surges to New Peak Fueled by AWS Partnership and Optical Network Boom

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MRVL Stock Card

Key Takeaways

  • MRVL shares rose 2.2% to $131.28, achieving back-to-back record closing prices for the first time since January 2025
  • Amazon’s $20B annual AI processor revenue stream bolsters investor confidence in Marvell’s partnership
  • Earlier 2025 selloff sent MRVL plunging over 50% to approximately $50 amid concerns over Amazon Trainium contract
  • Barclays projects Marvell’s optical networking segment could expand up to 90% annually through 2026
  • B. Riley analysts lifted their MRVL price objective to $156 from $135, reaffirming Buy stance

Marvell Technology shares have experienced a remarkable turnaround following a turbulent period, with the semiconductor company posting a fresh all-time closing high. On Monday, MRVL finished trading at $131.28, representing a 2.2% gain and marking the second straight session at record levels since the start of 2025, based on Dow Jones Market Data.


MRVL Stock Card
Marvell Technology, Inc., MRVL

The recovery narrative for this chipmaker has been dramatic. During early 2025, MRVL experienced a brutal decline exceeding 50% from peak valuations, bottoming near the $50 mark amid widespread speculation that the company might forfeit its contract designing Amazon’s advanced Trainium artificial intelligence processors.

Those concerns have now largely evaporated. Financial analysts across Wall Street show growing conviction that Marvell will maintain its strategic position within Amazon’s AI semiconductor ecosystem.

Amazon CEO Andy Jassy revealed during recent statements that the tech giant’s internally developed AI chip operations have already reached $20 billion in yearly revenue, with plans to expand external sales of these processors. This disclosure provided substantial validation for investors backing Marvell’s prospects.

KeyBanc’s analyst John Vinh maintains an Overweight recommendation with a $130 price objective on the shares. His outlook anticipates Marvell’s upcoming quarterly results, scheduled for early June release, will modestly surpass Wall Street consensus estimates.

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“We expect Marvell to post slightly better results and slightly higher guidance, driven by continued outsized data center demand across both traditional and AI workloads, including hyperscaler AI ASICs (Trainium) and optical networking,” Vinh wrote in a Sunday research note.

Optical Networking Provides Additional Momentum

Separate from its Amazon relationship, Marvell is experiencing substantial tailwinds from its optical networking operations. As artificial intelligence data facilities scale upward in both size and sophistication, these centers require optical transceivers capable of transmitting information at higher speeds with greater efficiency by transforming electrical impulses into optical signals.

Marvell manufactures the digital signal processors embedded within these transceivers — representing a specialized yet critical component of AI infrastructure buildout. Barclays analyst Tom O’Malley recently elevated MRVL to Overweight status and forecasts the company’s optical networking revenues could surge as much as 90% during both this year and next.

Such aggressive growth estimates capture market attention. The optical networking segment has emerged as a quietly significant theme within the broader AI investment narrative.

Analyst Price Objectives Trending Upward

B. Riley increased its MRVL price target to $156 from $135 on Monday while keeping its Buy recommendation intact. The firm pointed to Taiwan Semiconductor’s March sales figures as providing favorable indications for Marvell’s first quarter and early second quarter performance.

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TSMC’s supply chain metrics offered analysts enhanced visibility into semiconductor demand patterns industry-wide, with the implications for Marvell appearing constructive.

Marvell shares have more than doubled over the trailing twelve months, despite the sharp downturn experienced during early 2025.

The early June earnings announcement will serve as the next critical catalyst. Market watchers will scrutinize commentary regarding both the Trainium partnership status and optical networking revenue trajectory.

B. Riley’s updated $156 target exceeds the current trading level, suggesting potential upside should the bullish momentum persist.

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Crypto World

Web3 Projects Lost $464.5M in Q1 2026 as Hacks Shift Beyond Code: Hacken

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Cryptocurrencies, Phishing, Smart Contracts, Cybercrime, Cybersecurity, Hacks

Web3 projects lost $464.5 million to hacks and scams in the first quarter of 2026, while multi-billion-dollar “mega hacks” gave way to a larger number of mid-sized incidents, according to blockchain security company Hacken.

According to Hacken’s Q1 2026 report, phishing and social engineering attacks dominated the period, accounting for $306 million in losses in a quarter that saw 43 incidents overall. A single $282 million hardware wallet scam in January was responsible for 81% of the quarter’s damage.

Smart contract exploits totaled $86.2 million, with access control failures, including compromised keys and cloud services, driving an additional $71.9 million in losses.

The losses place this quarter as the second-lowest first quarter since 2023, with the absence of a single mega hack on the scale of Bybit, which lost $1.46 billion in Q1 2025, the primary driver of the year-over-year decline.

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Hacken’s incident mapping shows the largest failures increasingly occurring outside onchain code, in operational and infrastructure layers that traditional audits rarely touch. Yev Broshevan, chief executive and co-founder at Hacken, told Cointelegraph the most expensive failures “happen outside the code layer entirely.”

Related: Aethir halts bridge exploit, promises compensation after $90K loss

According to Hacken, that shift is drawing greater scrutiny from regulators and institutional counterparties, with frameworks such as the Markets in Crypto-Assets Regulation (MiCA) and Digital Operational Resilience Act (DORA) in the European Union moving further into enforcement and raising expectations around continuous security monitoring and incident response.

Legacy code, fake VC calls and key compromises 

Broshevan pointed to $306 million in phishing, a $40 million North Korea-linked fake venture capitalist (VC) call against Step Finance, and a $25 million AWS key management service compromise at Resolv Labs. Even where smart contracts were at fault, the costliest bugs often sat in legacy deployments and known vulnerability classes. Truebit lost $26.4 million to a bug in a Solidity contract deployed around five years ago, while Venus Protocol was hit by a donation attack pattern documented since 2022.

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Cryptocurrencies, Phishing, Smart Contracts, Cybercrime, Cybersecurity, Hacks
Q1 2025 compared to Q1 2026. Source: Hacken.

Six audited projects, including Resolv with 18 audits and Venus with five separate firms, still accounted for $37.7 million in losses. On average, that was more than their unaudited peers because higher total value locked (TVL) protocols attract more sophisticated attackers and exploits.

Global watchdogs harden incident response expectations

In Q1, MiCA and DORA in the EU shifted further into active enforcement, Dubai’s regulator, the Virtual Assets Regulatory Authority, tightened expectations around its Technology and Information Rulebook, Singapore enforced Basel-aligned capital and one-hour incident notification rules, and the United Arab Emirates’ new Capital Market Authority took over federal digital asset oversight with broader powers and higher penalties.

Cryptocurrencies, Phishing, Smart Contracts, Cybercrime, Cybersecurity, Hacks
Total crypto losses per quarter. Source: Hacken

Related: Crypto hackers steal $169M from 34 DeFi protocols in Q1: DefiLlama

Hacken ties those regimes to a new benchmark for “regulator-ready” stacks that includes proof-of-reserves attestations backed by daily internal reconciliation, 24/7 onchain monitoring across treasury wallets and privileged roles, automated circuit-breakers on minting and governance functions and incident notification clocks calibrated to the strictest applicable standard. 

The report highlights “realistic” targets of awareness within 24 hours, labeling within four hours, and blocking in 30 seconds, with “aspirational” goals as low as 10 minutes for detection and 1 second to block, based on guidance from Global Ledger’s 2025 Laundering Race data.

At the human layer, Hacken flags North Korean clusters as the most consistent operational threat, with Step Finance’s $40 million loss and Bitrefill’s infrastructure breach extending a playbook of fake VC outreach, malicious video call tooling and compromised employee endpoints that extracted roughly $2.04 billion from the sector in 2025.

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