Overview
- Bitcoin, which climbed back above $76,000 on Tuesday, briefly topped $78,000 after Iran confirmed a delegation for ceasefire talks in Pakistan.
- Strategy disclosed a 34,164 BTC purchase for about $2.54 billion, pushing its holdings past 800,000 BTC and signaling continued corporate demand.
- U.S. spot Bitcoin ETFs logged their strongest daily intake since mid-January on Friday, with BlackRock’s IBIT leading weekly flows in what analysts say supports a structural bid.
- Derivatives signals remain cautious as funding rates for perpetual futures stayed negative for roughly 46 straight days and public miners sold a record 32,000 BTC in Q1, adding supply pressure.
- A $292 million exploit tied to KelpDAO’s rsETH slashed Aave’s locked assets and pressured altcoins, while traders watch the ceasefire’s Wednesday expiry as a potential volatility trigger.