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Bitcoin leverage jumps as open interest spikes near $70k

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Bitcoin leverage jumps as open interest spikes near $70k

Bitcoin perpetual open interest posts its largest daily rise since 2025 as BTC stalls below $70k.

Summary

  • Perpetual open interest records its biggest daily percentage increase since July 2025 as BTC tests $69.4k resistance.
  • Leverage expands sharply into a failed breakout attempt, leaving speculative longs vulnerable to liquidations if price moves away from the $69k–$70k zone.
  • BTC trades just under $70k with elevated open interest and hotter funding, signaling higher short-term volatility risk for derivatives markets.studio.

Bitcoin’s (BTC) derivatives market has shifted into a more fragile configuration after a sudden surge in perpetual futures open interest coincided with a stalled breakout attempt just below the psychologically important $70k level. On-chain analytics firm glassnode reported that perpetual open interest saw its largest daily percentage jump since July 2025 as BTC pushed to $69.4k, only for the move to fade without a clean break of resistance. The pattern suggests speculators rushed to add leverage in anticipation of a breakout that did not materialize, leaving a substantial cluster of long positions now exposed to any downside or extended consolidation.

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The mechanics are straightforward: when open interest spikes faster than spot prices, it usually signals an influx of leveraged capital rather than organic spot demand. In this case, the new positioning came right as BTC approached the $69.4k–$70k band that several technical analysts identified as a key decision area for the market. If price fails to extend higher, even a modest pullback can push stretched longs toward margin limits, forcing them to reduce risk or face liquidations. The result is a market where short-term moves can become exaggerated as derivatives flows feedback into spot, especially on high-volume venues tracked by platforms such as Coinbase.phemex+4

Leverage and market structure

Several recent analyses have highlighted $69.4k–$70k as a pivotal zone where BTC (BTC) either breaks higher into a new leg up or resolves into a deeper correction. With perpetual open interest now elevated, futures traders are effectively amplifying whichever direction comes next, increasing the probability of a sharp squeeze rather than a calm drift. A clean move above $70k would likely force shorts to cover into strength, while a breakdown below nearby supports in the high-$60k area could trigger a cascade of long liquidations.

The episode underscores how much short-term BTC price action is still dictated by derivatives rather than spot flows, even as regulated products and frameworks like MiCA slowly reshape parts of the market. For traders, the signal is blunt: high leverage near major resistance rarely stays comfortable for long. Watching open interest, funding, and liquidation data in real time—alongside spot metrics from exchanges like Coinbase and aggregated price feeds for BTC—remains essential for managing risk in an environment where a crowded bet on a $70k breakout can quickly turn into a scramble for the exits.

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BTC tests $75,000 ‘structural breakout’ level with $85,000 upside in view

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Bithumb’s $40 Billion bitcoin blunder triggers major South Korean market probe

Bitcoin shot to a one-month high above $75,000 in early U.S. trading hours on Tuesday, now up 6% over the past 24 hours at $75,300.

The move is drawing increased attention from analysts, who told CoinDesk the level could mark a key shift in the market’s current rangebound structure.

“A clean break above $75,000 wouldn’t just be another move higher; it would represent a structural breakout from consolidation and likely shift the market into a new upward trend,” said Mati Greenspan, founder of Quantum Economics and a former senior market analyst at eToro.

Greenspan said the significance of going beyond the $75,000 level lies less in a brief move about it and more in whether bitcoin can sustain those gains.

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“The key question isn’t whether we briefly trade above $75,000, but whether we can hold it,” Greenspan said, noting that acceptance above that threshold would signal strength and draw in new capital.

A downside would be limited anyway

However, he said, a failure to hold would risk turning the move into a bull trap, though the broader market structure remains strong. He also believes that even in a negative scenario, the downside would likely be limited because of existing established support. “If it doesn’t hold, then we still have strong support at $65,000.”

Kevin Murcko, a crypto analyst and founder and CEO at crypto exchange Coinmetro, said round-number levels like $75,000 can act as focal points for market participants and could create supply as investors who recently entered positions look to take profit.

“Traders, especially those that aren’t that experienced, generally trade around round numbers,” Murcko said, adding that levels such as $25,000, $50,000 and $75,000 tend to draw in buying and selling interest.

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Whether bitcoin can move decisively beyond that level will depend on the broader backdrop at the time, including the news flow driving markets, Murcko said.

“In most cases, if we see news pushing price to around $75,000, that same momentum can push it past,” Murcko said, emphasizing that price levels alone are less important than the balance between supply and demand and the strength of buying pressure.

BTC could rise to $85,000

Han Tan, chief market analyst at Bybit Learn, said bitcoin is now re-entering a key battleground between bulls and bears, with the $75,000 region acting as a strong resistance in recent weeks.

He believes a meaningful break above that level would draw sidelined buyers back into the market and potentially clear the path upward to the mid-$80,000 level. However, Tan said such gains would likely depend on a supportive macro backdrop, including easing geopolitical tensions and continued ETF inflows.

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Other analysts, however, believe $75,000 may be more of a psychological milestone than a genuine structural pivot.

Dessislava Ianeva, an analyst at Nexo Dispatch, said that while a move above $75,000 could draw in momentum buyers, stronger confirmation would come at higher levels.

She said, “$75,000 is psychologically significant, but $79,000 is the level that matters structurally,” pointing to the 100-day moving average and a prior rejection zone. Ianeva also said a sustained move above roughly $74,000 on a daily closing basis would provide an early signal that the breakout has “structural legs.”

The market intelligence research analyst noted that current market positioning appears relatively stable, reducing the likelihood of a sharp reversal. Funding rates remain muted, and bitcoin has absorbed recent selling pressure, including exchange-traded fund (ETF) outflows, without breaking lower, a behaviour that is not typical of a market on the verge of a major pullback.

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U.S. Spot bitcoin ETFs did not see inflows until March, when these investment instruments recorded $1.32 billion in net inflows, ending a four-month outflow streak.

Altering how bitcoin behaves

Broader structural changes in the market may also be altering how bitcoin behaves during the current cycle, according to Jason Fernandes, a market analyst and AdLunam co-founder.

“Bitcoin isn’t trading like a purely retail-driven cycle,” Fernandes said, citing persistent ETF inflows, reduced free float and stronger holder cohorts.

Fernandes said that while BTC can still see sharp downside moves during liquidity shocks, it tends to recover based on expectations around central bank policy and liquidity conditions, often ahead of traditional risk assets.

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“Rising oil prices and geopolitical stress keep inflation expectations elevated and delay policy easing,” he said. “That tightens financial conditions in the short term, but once real yields roll over or liquidity stabilizes, crypto tends to reprice quickly and generally ahead of traditional risk assets.”

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XRP Ledger adds zero-knowledge proofs targeting institutional privacy gap

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Why crypto's privacy problem is a total dealbreaker for mainstream users

The XRP Ledger added native support for zero-knowledge (ZK) proof verification by integrating with Boundless, a ZK proving network, in what the company claims is the first deployment of its kind on the ledger.

The move is designed to let financial institutions transact privately on the public blockchain while meeting regulatory requirements.

It addresses a specific barrier to institutional adoption that has persisted across every public blockchain. Transaction flows, treasury positions, and counterparty relationships are visible by default on public ledgers. For a bank settling cross-border payments or a fund managing OTC positions, that transparency creates competitive risk.

Zero-knowledge proofs solve this by allowing one party to prove a statement is true without revealing the underlying data. It’s like passing a credit check, where the bank confirms an individual qualifies for a loan without telling the lender specifics about income, debts or account balance.

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In practice on XRPL, this means a payment can be verified as valid, correctly funded, and compliant without exposing the amount, the sender, or the receiver to the public ledger.

XRPL already has institutional traction that most layer-1 blockchains do not. SBI Holdings in Japan, Zand Bank in the UAE, Archax in the U.K. and Guggenheim Treasury Services in the U.S. all use the network.

More than $550 million has been deployed into XRPL ecosystem initiatives. The connection to Boundless gives those institutional users a path to privacy they did not previously have on the ledger.

The timing is notable given the broader conversation around blockchain cryptography this month.

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Google’s quantum computing paper forced every major chain to evaluate its cryptographic assumptions. ZK proofs are built on different mathematical foundations than the elliptic curve cryptography that quantum threatens, and several ZK proof systems are already considered quantum-resistant or can be upgraded to post-quantum constructions more easily than traditional signature schemes.

Adding ZK infrastructure now positions XRPL to build on cryptographic foundations that may age better than the ones the quantum debate is focused on.

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Tempo Onboards Visa, Stripe and Zodia Custody as Validators

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Tempo Onboards Visa, Stripe and Zodia Custody as Validators

The payments-focused blockchain plans to expand its validator set with additional partners as it progresses toward fully permissionless validation.

Payments-focused blockchain Tempo has added Visa, Stripe and Zodia Custody by Standard Chartered as its first external validators, the network announced on Tuesday.

The trio collectively process trillions of dollars in payments each year across nearly every country. Their validator nodes are responsible for verifying, sequencing and finalizing transactions on the network, bolstering operational resilience for stablecoin-based settlements.

Visa’s node was configured and managed entirely in-house following six months of collaboration with Tempo’s engineering team, according to a press release from the payments giant. The company is serving as an “anchor validator” during this initial phase.

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“We’ve spent years building our expertise in blockchain, and now we’re expanding that work by running critical blockchain infrastructure ourselves,” said Cuy Sheffield, Visa’s head of crypto.

Validators on Tempo are rewarded in stablecoins for serving as “lead validators” who package transactions into blocks. Visa also serves as a Super Validator on the Canton Network, making it one of the very few traditional payments firms running blockchain infrastructure across multiple chains.

Tempo said it plans to continue expanding the validator set with additional partners as it progresses toward fully permissionless validation.

Institutional Momentum

The validator additions cap a rapid buildup for the Ethereum-compatible Layer 1, which was first reported in August 2025 before Stripe and Paradigm officially unveiled the project the following month.

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Tempo raised $500 million in a Series A led by Thrive Capital and Greenoaks in October 2025 at a $5 billion valuation, launched its public testnet in December with partners including UBS and Kalshi, and went live on mainnet in March alongside the Machine Payments Protocol, an open standard for AI agent-to-service payments co-authored with Stripe.

Still, Tempo faces skepticism from decentralization advocates who question whether a corporate-backed L1 can deliver on its permissionless promises. Whether onboarding institutional validators satisfies those concerns or reinforces them will depend on how quickly Tempo opens participation beyond its hand-picked partners.

This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.

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Solana price forms symmetrical triangle amid MACD cross

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Will Solana price break out of its symmetrical triangle as a daily MACD crossover confirms? - 2

Solana price is at $83.37 on April 14, down 3.63% on the session, as a symmetrical triangle formed on the daily chart over the past two months continues to compress price action toward its apex. A daily MACD bullish crossover has now printed inside the pattern, adding a momentum signal to a setup that traders and analysts are watching closely for directional resolution.

Summary

  • Solana price is trading at $83.37 on April 14, down 3.63% on the session, as a symmetrical triangle forms on the daily chart with converging trendlines connecting the February highs near $110 and the February lows near $67.
  • The daily MACD (12,26,9) has printed a bullish crossover with the histogram positive at 0.45, confirming improving momentum inside the triangle while both lines remain below zero.
  • A triangle breakout above the SMA 50 at $85.61 opens a path toward $98.42; a daily close below $80 invalidates the bull case and exposes the lower trendline near $76.

Solana (SOL) price is trading at $83.37 on April 14 with 24-hour volume of $6.28 billion, as a symmetrical triangle tightens on the daily chart. The pattern has been compressing price since mid-February, with the upper descending trendline connecting the February highs and the lower ascending trendline running from the cycle lows. The MA ribbon sits entirely above price: SMA 20 at $82.74, SMA 50 at $85.61, SMA 100 at $98.42, and SMA 200 at $129.44, all acting as sequential overhead resistance. The MACD crossover inside the triangle narrows the window before a directional resolution is forced by the apex.

The symmetrical triangle on the daily chart is defined by two converging trendlines that reflect a standoff between sellers applying progressively lower resistance and buyers establishing a higher floor from the February lows. The pattern has been building since mid-February, with price oscillating inside the boundaries through the Iran-driven volatility in March and into April. Price is now within striking distance of the apex, where a breakout or breakdown is typically accelerated by the energy stored in the compression.

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Will Solana price break out of its symmetrical triangle as a daily MACD crossover confirms? - 2

The MACD (12,26,9) has printed a bullish crossover inside the triangle, with the MACD line at -0.72 crossing above the signal at -1.16 and the histogram expanding to a positive 0.45. Both lines remain below zero, which limits the strength of the signal, but the expanding positive histogram confirms that sellers are losing control of momentum. Symmetrical triangles resolved with a MACD crossover in the direction of the breakout have historically carried higher follow-through rates than pattern breakouts occurring on flat momentum.

A CoinMarketCap markets update on April 14 noted that analysts see $108 as the next major target for SOL if momentum holds above $87, with bulls defending the $80 structural floor. The same update flagged Solana’s total economic activity reaching $1.1 trillion in Q1 2026, a 6,558% increase from the prior quarter, as evidence that the network fundamentals are decoupled from the current price structure.

Key Levels: Support, Resistance, and Price Targets

The SMA 20 at $82.74 is the immediate support and the level price must hold on a daily close basis to avoid slipping into the lower trendline near $80. A daily close below the lower trendline near $76 would break the ascending floor of the symmetrical triangle and shift the bias decisively bearish.

On the upside, the SMA 50 at $85.61 is the immediate resistance and the level a confirmed triangle breakout must clear on a daily close basis to attract follow-through buying. A close above $85.61 opens $98.42 as the next resistance, where the SMA 100 sits. The extended bull case, consistent with the symmetrical triangle measured target using the pattern’s widest point, points toward $108 to $110.

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Invalidation: a daily close below $80.

On-Chain and Market Data Context

Solana open interest stands at $5.01 billion per Coinglass, with futures volume reaching $10.98 billion in the past 24 hours. The elevated futures volume relative to spot activity of $630 million confirms that derivatives participants are the dominant force at the current price level, and the symmetrical triangle breakout direction is likely to be amplified by a cascade of positions on the wrong side of the move. Approximately $8.1 million in Solana futures positions were liquidated in the same 24-hour window.

Bloomberg Intelligence analyst James Seyffart noted in March that roughly 30 institutional investors had accumulated approximately $540 million in Solana ETF exposure, led by Electric Capital and Goldman Sachs, providing a structural demand floor at current levels even as price action remains technically compressed.

If Solana holds $82.74 on a daily close basis and the MACD histogram continues to expand, a test of the SMA 50 at $85.61 becomes the nearterm base case. A confirmed daily close above it would trigger the symmetrical triangle breakout and open $98.42 as the primary target, with $108 as the extended objective.

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SETI telescope data goes onchain

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SETI telescope data goes onchain

Avalanche is moving beyond finance and into outer space, with a new network designed to verify telescope data in real time.

SkyMapper has introduced a dedicated Avalanche-based network that cryptographically records observations from telescopes around the world, turning each data point into a secure, verifiable digital record.

The new network, SkyMapper L1, collects data from a wide range of telescopes and sensors around the world and turns each observation into a secure digital record. The company calls this a “Proof of Space Observation” (POSO) — essentially a way to prove that a specific event in the sky was actually seen, when it happened, and that the data hasn’t been altered. These verified records can then be used by scientists, businesses or government agencies that need reliable space data.

The SETI Institute, known for its search for extraterrestrial intelligence, is contributing live observational data, marking one of the first production-scale integrations of institutional science into a blockchain-based verification system.

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SkyMapper’s pitch centers on a growing problem: the explosion of data from satellites, drones and space missions, and the difficulty of verifying that data hasn’t been altered or misattributed. The team argues that blockchain can help solve this by creating a permanent, tamper-resistant record of each observation that anyone can independently verify.

The system works by validating observations at the moment they are captured. When a telescope in the network records an event — such as a satellite pass or deep-space signal — the data is immediately cryptographically signed, effectively creating a unique fingerprint tied to that device. The observation is then time-stamped and transmitted through SkyMapper’s infrastructure.

Instead of keeping all the data in one central database, SkyMapper spreads it across a decentralized storage network. At the same time, it saves a kind of digital fingerprint of that data on the Avalanche blockchain. This fingerprint means anyone can later check it to confirm the data is real and hasn’t been changed.

The network uses smart contracts to check incoming data, organize it, and control who can access it. Some information — like sensitive government or defense data — can be kept private, while other data, such as scientific research, can be shared openly.

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The result is a system where each observation can be independently verified: users can check when and where it was recorded, confirm it hasn’t been tampered with, and trace it back to its source.

“We’re building blockchain infrastructure for real-world impact,” said Emin Gün Sirer, founder and CEO of Ava Labs. “SkyMapper’s work anchoring observatory data on Avalanche shows how this technology can transform science, providing tamper-proof, verifiable telescope records.”

Read more: FIFA Teams Up With Avalanche to Build Its Own Blockchain, Expanding Web3 Ambition

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WLFI Risks 20% Drop As World Liberty Financial Faces Insider Allegations

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Donald Trump, Price Analysis, Tech Analysis, Market Analysis, Altcoin Watch

World Liberty Financial’s WLFI token risks dipping 20% in April, according to a mix of convincing technical and fundamental indicators.

Key takeaways:

Bear pennant hints at WLFI dip in April

As of Tuesday, WLFI was consolidating inside a classic bear flag, a continuation pattern that typically forms after a sharp decline.

In technical analysis, a bear flag typically resolves when the price breaks below the lower trendline alongside rising trading volumes and falls by as much as the structure’s maximum height.

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Donald Trump, Price Analysis, Tech Analysis, Market Analysis, Altcoin Watch
WLFI/USDT four-hour chart. Source: TradingView

Applying this classic rule to WLFI’s chart brings its measured downside target to around $0.066 in April, down about 20% from the current price levels.

Conversely, a break below the upper trendline risks invalidating the bear flag setup, with the 20-day (green) and 50-day (red) exponential moving averages (EMAs) at around $0.081 and $0.085 serving as primary upside targets.

Insider activity, token unlock fears add pressure

Beyond technicals, WLFI faces mounting scrutiny that continues to weigh on sentiment.

On-chain data from Arkham Intelligence show wallets linked to the project deposited roughly 3–5 billion WLFI tokens—largely illiquid—as collateral on Dolomite to borrow about $75 million in stablecoins, including USD1 and USDC.

Source: X

Over $40 million was later moved to Coinbase Prime. The position pushed pool utilization to ~93%, restricting withdrawals and drawing criticism for “circular” liquidity extraction.

The structure is risky because it uses thinly traded internal tokens to borrow real liquidity, meaning any sharp WLFI price drop could trap depositors, trigger bad debt, and deepen selling pressure.

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Source: X

At the same time, markets are bracing for a proposed unlock of over 16 billion WLFI tied to still-locked public allocations, raising dilution risks.

Adding to the pressure, Tron founder Justin Sun, who reportedly invested ~$75 million and became an adviser, again accused WLFI of embedding a hidden backdoor blacklisting function in the smart contract.

Related: US President Trump faces renewed backlash as Trump-linked tokens crash

This allegedly allowed the team to unilaterally freeze his wallet/assets without notice or recourse, violating “decentralization” promises.

He called it a trap, denounced “token scandals,” claimed governance votes were rigged/non-transparent and demanded unlocks/transparency.

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