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Bitcoin is facing strong resistance in the $71,000 to $81,000 range due to weakening demand from large-scale investors, according to a CoinDesk report citing on-chain analysis firm CryptoQuant. The firm noted that whale wallets holding between 1,000 and 10,000 BTC have become net sellers, with their holdings decreasing by approximately 188,000 BTC over the past year. Additionally, CryptoQuant pointed to a slowdown in buying from medium-sized investors and a negative Coinbase Premium, which suggests weak spot demand in the U.S. The analysis also found that institutional funds are shifting toward ETFs and futures, reducing direct price support. Should Bitcoin rebound, it is expected to encounter resistance between $71,500 and $81,200.

Top 5 gainers (24-hour) - EDGE: +23.28% at $0.121, volume $32.17M - AVL: +18.41% at $0.0347, volume $6.11M - CHR: +16.20% at $0.0201, volume $31.99M - PTB: +14.56% at $0.0014, volume $3.89M - IDEX: +13.64% at $0.0025, volume $542.86K Top 5 losers (24-hour) - NOM: -18.54% at $0.0067, volume $299.71M - SOLV: -15.87% at $0.0047, volume $351.67M - D: -8.17% at $0.0077, volume $44.95M - FIDA: -8.08% at $0.018, volume $142.87M - RIVER: -7.33% at $11.41, volume $39.55M

Erik Voorhees, an early Bitcoin supporter and founder of crypto exchange Shapeshift, purchased 396.7 ETH worth $818,700 about five hours ago, Lookonchain reported.

Bitcoin has entered a period that warrants close observation, with its direction in April dependent on liquidity and macroeconomic events, according to an analysis by cryptocurrency financial services firm BIT (formerly Matrixport). In a post on X, the firm noted that after months of correction, Bitcoin has seen a slight rebound and is now retesting a key support level it had previously broken. However, BIT stated that the foundation for this recovery remains unstable and the overall trend is weak, citing accumulating macroeconomic pressure and deteriorating liquidity. While April is typically perceived as a bullish period, the firm argued that simply applying historical data is difficult this time. Instead, liquidity conditions and macroeconomic events at the beginning of the month are the key variables. Whether the market can sustain its rebound this month will depend on the interplay between fund inflows, position structures, and external events, BIT explained.

Bitcoin mining company Riot Platforms (RIOT) sold 3,778 BTC in the first quarter of this year for $290 million, according to Wu Blockchain. The sale reduced the company's total Bitcoin holdings to 15,680 BTC.

The U.S. state of Kentucky has removed a provision from a legislative bill that could have acted as a "backdoor ban" on BTC self-custody, Cointelegraph reported via X. The bill is now awaiting the governor's signature. While the initial draft contained language that could have indirectly restricted an individual's right to self-custody cryptocurrencies, this section was deleted during the legislative process, thereby preserving the right for users to self-custody their BTC.

Dmail, an AI-based decentralized email infrastructure project, announced it is shutting down its service. In a blog post, the project stated it will begin phasing out services on May 15, explaining that it was unable to find a sustainable revenue model despite incurring significant infrastructure costs.

Bithumb has announced that it will temporarily suspend deposits and withdrawals for Injective (INJ) starting at 10:00 a.m. UTC on April 7 to support a network upgrade.

Social Dominance Top 5 1. Bitcoin: 31.15% (-0.85%) 2. Ethereum: 12.05% (+0.2%) 3. XRP: 3.2% (-0.25%) 4. USDT: 0.4% (+0%) 5. BNB: 0.4% (+0.1%) AI Search Volume Top 5 1. Ethereum (14%) 2. Solana (12%) 3. EdgeX (6%), up one spot 4. Based (5%), down one spot 5. Hyperliquid (4%), up one spot

Satsuma Technology, an AI infrastructure company listed on the London Stock Exchange, has acquired an additional 25.65 BTC, bringing its total holdings to 645.7 BTC, according to BitcoinTreasuries.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $66.32 million liquidated (67.39% longs) - ETH: $55.79 million liquidated (68.01% longs) - STO: $37.43 million liquidated (79.06% shorts)

The number of protocols affected by the $285 million Drift hack has increased from 11 to 20, according to data compiled by Solana ecosystem media platform SolanaFloor. The newly identified victims include PiggyBank, Perena, Vectis, Valeo, Amp Pay, Loopscale, Prime Numbers Fi, Gauntlet, and Exponent. Among them, Prime Numbers Fi sustained losses of over $10 million.

Leap Wallet, a wallet for Terra 2.0, has announced it will cease operations on May 28. Users must complete the migration of their assets before this date.

U.S. spot Ethereum ETFs recorded $71.17 million in total net outflows on April 2, marking the second consecutive day of outflows, according to data compiled by Trader T. - BlackRock (ETHA): -$46.67 million - Fidelity (FETH): -$7.7 million - Grayscale (ETHE): -$16.8 million

U.S. spot Bitcoin ETFs recorded a net inflow of $9.02 million on April 2, returning to positive territory after just one day of outflows, according to Trader T. - BlackRock's IBIT: -$3.01 million - Fidelity's FBTC: +$7.29 million - VanEck's HODL: +$4.74 million

Blockchain advertising platform Alkimi announced it is developing a transparent rewards engine based on the Sui (SUI) network. The system will include a quest-based XP system, a real-time advertising leaderboard, and an auto-compounding feature.

Cross-chain bridge service Intergaze has officially announced it is shutting down. Users are required to withdraw their assets within 14 days. While NFT holders are scheduled to be automatically migrated to the Stargaze Zone on the Cosmos Hub in the second half of May, they must register a Cosmos wallet by May 1 to be included in the migration.

Gyeonggi Province is moving forward with plans to introduce a stablecoin, Digital Asset reported. While stablecoins have been discussed at the regional council level, this marks the first time a local government has commissioned a research project to develop an implementation plan. The province recently posted the pre-standard specifications for a research project on the matter to the Public Procurement Service's online portal, KONEPS. Gyeonggi Province explained that the move is necessary to develop a preemptive strategy in response to the spread of blockchain-based financial infrastructure and ongoing discussions about its regulatory formalization.

Lookonchain reported that two new wallets received 1,781 BTC, worth $119 million, from BitGo four hours ago.

The yield on Japan's 2-year government bonds has climbed to 1.385%, its highest level in approximately 31 years, since May 1995.

BGF Retail, the operator of the CU convenience store chain, is joining a digital currency-based payment experiment with the Bank of Korea and Hana Bank, Edaily reported. The initiative aims to integrate 'deposit tokens' into everyday payment environments, with a focus on convenience stores. BGF Retail announced it has signed a memorandum of understanding (MOU) with the central bank and Hana Bank to advance the 'Deposit Token Pilot Project (Project Hangang Phase 2).' Project Hangang is a pilot program for a central bank digital currency (CBDC) and deposit tokens, with its second phase focused on expanding payment use cases in real-world consumer settings.

U.S. President Donald Trump has fired Attorney General Pam Bondi and appointed Deputy Attorney General Todd Blanche as acting attorney general, CoinDesk reported. While serving as deputy, Blanche dismantled the National Cryptocurrency Enforcement Team (NCET) and instructed prosecutors to exercise restraint in pursuing regulatory violation cases. His actions drew controversy at the time over potential conflicts of interest and ethics violations, as he held up to $470,000 in cryptocurrencies, including Bitcoin and Ethereum.

Austan Goolsbee, president of the Federal Reserve Bank of Chicago and a voting member of the FOMC this year, warned on April 2 that the economy is facing an oil price shock. He expressed concern about the poor timing of the shock, noting that it is pushing prices up again while inflation from last year's tariff shock has not yet subsided. Goolsbee said that if gasoline prices rise sharply in the short term, expectations for the 12-month inflation outlook will begin to increase significantly, which could put the Fed in a more difficult situation. He added that since the outbreak of war in Iran, rising oil prices have also increased business uncertainty and slowed the pace of hiring.

BTC mining firm MARA Holdings (MARA) has reduced its total workforce by 15% as part of a strategic shift toward energy and digital infrastructure, Blockspace reported. The company previously sold 15,000 BTC to repay convertible notes ahead of schedule.

CoinMarketCap's Altcoin Season Index has dropped six points from yesterday to 38. The index compares the price performance of the top 100 coins by market capitalization (excluding stablecoins and wrapped coins) against Bitcoin. If 75% of these coins outperform Bitcoin over the past 90 days, it is considered an altcoin season. Otherwise, it is deemed a Bitcoin season. A score closer to 100 indicates an altcoin season.