
The Bitcoin market is once more intensifying, driven by a heady mix of climbing leverage, institutional accumulation, and profit-taking by whales. Deribit, the leading exchange for Bitcoin options, meanwhile, saw open interest spike by an astonishing 24% in just one day, with total outstanding contracts skyrocketing to $1.85 billion. Call options, which give the holder the right but not the obligation to buy an asset at a set price before a certain time, represent the biggest chunk at $1.12 billion. Simultaneously, major institutional influencers such as MetaPlanet and MicroStrategy are amassing Bitcoin, demonstrating deep faith in the asset’s sustained worth. Conversely, a number of retail traders are set up for a move to the downside, suggesting a stark divergence in market sentiment. With this potent combination of leverage, accumulation, and uncertainty, Bitcoin is once more dancing on the edge of the $90,000 precipice. Leverage Spikes and Bearish Sentiment on Binance The $3.2 billion increase in open interest means more and more people are active in the crypto derivatives market. Speculation is the lifeblood of any financial market, but especially so when the crypto market is trending as it’s quite common for traders to dream of hitting the jackpot. We are living in the times of a tumultuous crypto market where prices are very indecisive and take big swings to one side or another. 59.79% of traders on Binance with open #Bitcoin $BTC positions are betting on downside! pic.twitter.com/MQDBWwtibm — Ali (@ali_charts) April 21, 2025 Almost 60% of positions held by traders on Binance for Bitcoin are currently bearish. These traders are betting that the price of Bitcoin is going to fall. This concentration of bearish sentiment is a pretty good setup for a potential short squeeze. If the price of Bitcoin were to start skyrocket, these traders shorting the asset might be forced to close their positions. Concurrently, approximately $155 million in profit has been returned to the whales, a clear signal that some major stakeholders are seizing this current upward movement to cash in. Of course, it’s normal market behavior during an uptrend for traders and investors to book profits when the price is up, and those actions obviously have the potential to reverse the uptrend. Whales have recently realized close to $155 million in profits from #Bitcoin $BTC ! pic.twitter.com/okrM2oeUMk — Ali (@ali_charts) April 21, 2025 MetaPlanet and MicroStrategy Double Down on Bitcoin Holdings Quieting the short-term noise, institutions remain long-term and very positive on Bitcoin. Japanese investment firm Metaplanet has acquired an additional 330 BTC worth some $28.23 million at an average price of $86,637. This pushes their total holdings to 4,855 BTC worth around $425.37 million. They hold an average price around $91,030. So, they’re slightly underwater on this, but clearly committed. MetaPlanet( @Metaplanet_JP ) bought another 330 $BTC ($28.23M) at $86,637. MetaPlanet currently holds 4,855 $BTC ($425.37M), with an average buying price of $91,030. https://t.co/LRlXDOEoNK pic.twitter.com/yjjZUCBhNr — Lookonchain (@lookonchain) April 21, 2025 At the same time, MicroStrategy has been making news for yet another huge buy. The outfit bought 6,556 BTC for about $555.85 million, at an average price of $84,785. Their total count of BTC now sits at 538,200, with a notional valuation of close to $46.83 billion. With an average purchase price of $67,766, MicroStrategy holds an unrealized profit of over $10 billion. These recurring acquisitions demonstrate that, for major institutional investors, Bitcoin remains a core reserve asset and a hedge against the sorts of mainstream finance risks that every financial model seems prone to these days. MicroStrategy( @Strategy ) bought another 6,556 $BTC ($555.85M) at an average price of $84,785 last week. #Strategy currently holds 538,200 $BTC ($46.83B), with an average buying price of $67,766 and an unrealized profit of $10.36B. https://t.co/oiJUFQMH9g pic.twitter.com/PA73kWGIUu — Lookonchain (@lookonchain) April 21, 2025 Spot ETF Flows Remain Positive Amid Broader Market Uncertainty Bolstering the institutional optimism is the ongoing influx of capital into Bitcoin spot ETFs. During the timeframe of April 14 to April 17, the total net inflow into spot Bitcoin ETFs reached $15.85 million. While this is modest next to some of the earlier record-setting weeks in terms of inflows, it nonetheless serves as a clear indicator of the continued and steady demand from traditional investors for more regulated financial products that provide direct exposure to Bitcoin. Last week (April 14 to April 17, Eastern Time), the Ethereum spot ETF had a net outflow of $32.17 million, marking eight consecutive weeks of net outflows. The Bitcoin spot ETF had a net inflow of $15.85 million in a single week. https://t.co/Tvs2oCSxTg — Wu Blockchain (@WuBlockchain) April 21, 2025 This trend indicates that Bitcoin is slowly being assimilated into larger investment portfolios, and the persistent enthusiasm from ETF purchasers is probably going to furnish continuous support for the price. A Market at a Crossroads The Bitcoin market today is a very sharp divide between retail pessimism and institutional optimism. There is a lot of leverage, a lot of shorts, and yet institutions continue to accumulate at an impressive rate. The current market is a tug-of-war between short-term profit-taking and long-term conviction, and it feels like it is reaching a climax. It remains to be seen whether Bitcoin will decisively push past the $90,000 level or whether it will experience a temporary correction. What is clear, though, is that Bitcoin is evolving into something that is both a speculative asset and a strategic store of value. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
NullTx
You can visit the page to read the article.
Source: NullTx
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
With DOGE Down 12% and Ethereum Price Sliding, Here’s Why Dragoin is the Best Crypto to Buy Now

April 2025 has brought turbulence across the crypto sector, with blue-chip assets like Ethereum and popular meme coins like Dogecoin experiencing steep declines. While DOGE has tumbled by over 12% in recent trading sessions, Ethereum is facing intensified selling pressure triggered by long-term wallet dumps and macro fears. This downturn is prompting investors to reconsider their next move. Dragoin ($DDGN) , a meme coin with a live product coming up and a fully structured presale, is gaining traction—not because of hype, but due to numbers that are grounded in progress. In a market driven by headlines and fear, Dragoin’s fundamentals are offering a different kind of clarity. Dogecoin: Slipping Through Support Once the undisputed leader of meme coins, Dogecoin is facing renewed stress as its price dips below key thresholds. This week, DOGE slipped beneath the $0.14 mark, putting its $0.13 support line under pressure—a level it hasn’t tested for weeks. The Relative Strength Index (RSI) now hovers near 34, signaling weakening momentum. Technical charts further suggest a bearish trend, supported by a negative MACD crossover that implies continued downside could be in play. Beyond technicals, Dogecoin continues to struggle with the same underlying challenge it has faced for years: utility. As other tokens evolve into platforms, DOGE still lacks built-in functions that incentivize users to do more than hold and hope. While the coin remains a symbol of crypto’s playful side and benefits from its early visibility, there’s little beyond sentiment to support lasting growth. For many holders, the investment case for DOGE continues to rely on speculative rallies, without a product or incentive structure to drive sustained traction. Ethereum: Macro Pressure and Whale Moves Ethereum’s situation this week is shaped not just by the charts but by high-stakes transactions and global financial indicators. A wallet linked to Donald Trump reportedly sold more than $7 million in ETH, stirring market anxiety over large-scale liquidations. This sale came on the heels of a broader wave of ETH exits by prominent wallets, accelerating the pressure on Ethereum’s already fragile support zones. Analysts now warn that if the current trajectory holds, ETH could revisit the $1,400 level. Adding to the uncertainty is the macroeconomic climate. Ongoing interest rate speculation, global political shifts, and fluctuating inflation numbers have cooled investor enthusiasm across the board. Ethereum continues to support a vast network of decentralized applications, NFT platforms, and DeFi projects, but its price is being driven by external forces more than internal innovation. While the long-term value proposition of Ethereum is widely acknowledged, current price action reflects short-term caution rather than renewed confidence. Dragoin: Real Utility and a Transparent Path In contrast to both DOGE and ETH, Dragoin ($DDGN) is a more accessible and transparent option for retail participants. Its foundation is built around a Telegram-based play-to-earn game that’s already live in beta. Players earn $DDGN tokens by controlling dragons and completing game objectives, tying token value directly to user interaction. Rather than speculating on future use cases, users are already participating in the ecosystem today. As of now, Dragoin’s presale is in Stage 1, with each token priced at $0.0000292. The launch price is set at $0.002, offering a potential 6,750% return for early-stage buyers. The presale will move through 25 structured stages, each with incrementally higher pricing, encouraging early adoption without relying on artificial scarcity or opaque mechanics. Tokenomics have been carefully laid out. Half of the 200 billion token supply is reserved for presale participants. Thirty percent support the broader ecosystem, including in-game rewards and future development. Liquidity receives 15%, while the team receives 5%, with that portion locked for two years to ensure alignment with project goals. Additionally, all unsold tokens will be burned permanently following the presale, tightening supply and reinforcing value. What’s more, the Dragoin smart contract will be renounced after launch, eliminating centralized control. The referral program, staking incentives, and active community channels are further driving organic growth. It’s a project designed with early adopters in mind, yet built for scalability without leaning on influencer campaigns or vague roadmaps. Key Takeaways Dogecoin and Ethereum may still command name recognition, but recognition doesn’t guarantee results. Dogecoin’s fundamentals remain thin, while Ethereum is temporarily weighed down by whale activity and economic tension. Both assets are navigating unclear futures—whether it’s DOGE’s lack of innovation or ETH’s exposure to macro forces. Dragoin, by comparison, is moving with a defined structure, open economics, and a working product. Its user-first incentives and transparent rollout give it immediate relevance and a stronger case for long-term value. For investors eyeing practical growth rather than passive holding, Dragoin offers not just a fresh name, but a functional reason to engage now. Learn More About Dragoin: Presale: https://purchase.dragoin.io/ Website: https://dragoin.io/ Telegram: https://t.me/DragoinOfficial Twitter: https://x.com/DragoinOfficial Continue Reading: With DOGE Down 12% and Ethereum Price Sliding, Here’s Why Dragoin is the Best Crypto to Buy Now NullTx

Ethereum Whales Signal Bearish Trends Amid Steady Retail Engagement and Network Resilience
Ethereum is at a crucial crossroads as whale movements suggest possible bearish sentiment, while retail engagement remains steadfast amidst fluctuations. Transaction data indicates that while large transfers have notably increased, NullTx