Bitcoin's recent rally faces skepticism as traders continue to short, with Binance funding rates remaining negative at around -4.5%, similar to late 2022 levels. Despite BTC's upward movement over four weeks, market sentiment shows disbelief rather than confidence, indicating a fragile structure that could either weaken or fuel further gains if bearish positions unwind.
Bitcoin hovered near $77,800, failing to break above $78,700, as its uptrend stalled. Japan’s core inflation rose to 1.8% in March, raising expectations of a Bank of Japan rate hike. Iran deployed more naval mines in the Strait of Hormuz, disrupting 20% of seaborne oil, impacting global markets and crypto sentiment.
Bitcoin traders with short positions have realized a $5.8 million unrealized gain as the price dropped to $77,400 on April 24, 2026. Despite the decline, bearish sentiment remains strong, with traders expecting potential market catalysts for recovery only in late 2026. The market continues to reflect cautious optimism amid ongoing volatility.
Bitcoin is forecasted to reach $81,000 in April, driven by increased market confidence amid easing geopolitical tensions. The prediction highlights Bitcoin’s growing role as a hedge during periods of geopolitical stability and economic shifts. This optimistic outlook suggests a positive trend for Bitcoin in the coming month, reflecting broader investor confidence in the cryptocurrency.
Sonic is redesigning its proof-of-stake blockchain to be quantum-resistant, avoiding complex signature aggregation. The update simplifies the architecture and shifts from elliptic curve cryptography to hash-based schemes to counter Shor’s algorithm threats. This move aims to facilitate easier quantum upgrades, reflecting efforts to enhance blockchain security in the evolving crypto landscape.
Bitcoin's trading volume remains low at $6.3 billion, indicating limited market activity. Despite a recent price drop, the lack of volume suggests weak selling pressure and potential accumulation. This pattern points to a cautious outlook, with traders watching for signs of increased activity or a reversal in the coming days.
Dogecoin (DOGE) is trading above $0.0950, holding key support after a correction from $0.0985. Bulls aim for a breakout above resistance levels near $0.0980 and $0.0985, with potential targets at $0.10, $0.1120, and beyond. The current trend suggests possible gains if DOGE remains stable, with a bullish trend line forming on the hourly chart.
