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Amount of XRP Needed to Reach Top 10% Falls, Data Shows

Mark Brennan
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Amount of XRP Needed to Reach Top 10% Falls, Data Shows

The amount an investor needs to enter the top 10% on the XRP rich list has dropped by more than $3,800 since October 2025.

XRP has not fared well over the past seven months, down nearly 54% since last October. However, this persistent downturn seems to have presented an opportunity to procure XRP cheaper, reducing the requirement for those seeking to enter the XRP rich list.

Key Points

  • XRP has dropped 54% over the past seven months, on track to see its seventh consecutive monthly loss.
  • This downturn has presented an opportunity to procure XRP cheaper, with 10,000 tokens dropping from $28,400 to $13,100.
  • As a result, the requirement to enter the XRP rich list has reduced drastically.
  • Investors now need $3,281 to enter the top 10% as opposed to $6,708 in October 2025.
  • The requirement for the top 1% has also crashed by more than $80,000.

XRP’s Downtrend Presents Buying Opportunity

Notably, it has been downhill for XRP since it dropped from the $3.6 all-time high in July 2025. However, the bearish momentum picked up pace in October 2025, when the broader crypto market started seeing massive declines.

During this period, XRP has crashed 54%, now on track to record its seventh consecutive monthly loss unless April sees a comeback. This marks the asset’s longest losing streak since the 2013/2014 downturn, when it collapsed 90%.

However, some analysts like Ali Martinez believe the ongoing downtrend presents a good buying opportunity for investors who have long awaited an attractive entry point. For instance, procuring 10,000 XRP tokens cost $28,400 as of October 2025. Today, this figure has dropped to $13,100. 

How Much You Need Now to Enter the XRP Rich List

As a result of this drop in cost, the requirements for the XRP rich list have also declined, giving investors a chance to enter the exclusive tier at lower costs. 

Specifically, The Crypto Basic confirmed in October 2025 that investors needed to hold 2,362 XRP tokens to enter the top 10% of the XRP rich list. With XRP trading for $2.84 at the time of that report, these tokens held a worth of $6,708.

Today, the requirement to enter the top 10% has dropped to 2,205 XRP, representing a decline of 157 tokens. This is largely due to two factors: existing investors distributing their holdings and new investors entering the market with smaller balances.

XRP Rich List
XRP Rich List

Meanwhile, with the drop in price from $2.84 in October 2025 to $1.31 today, the 2,205 XRP needed to enter the top 10% costs $2,888. Essentially, the amount an investor needs to enter the top 10% of the XRP rich list has dropped from $6,708 in October 2025 to $2,888 today, marking a decline of $3,820.

Higher Declines in Other XRP Rich List Tiers

Interestingly, the tiers higher up the list have actually witnessed larger declines in required capital within the same timeframe. For instance, the requirement to enter the top 1% has dropped from 50,004 XRP ($142,011) in October 2025 to 45,713 XRP ($59,884) today. This marks a decline of more than $82,000.

Meanwhile, amid the drop in capital requirement, the XRP Ledger (XRPL) has continued to record an increase in addresses, leading to a rise in the accounts hosted on the XRP rich list. Specifically, accounts in the top 10% have increased from 705,004 in October 2025 to 786,346 today. Moreover, the top 1% has seen a rise from 70,500 to 77,635.

XRP Risks Recording 7 Straight Monthly Losses for First Time Since 2014

Mark Brennan
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XRP Risks Recording 7 Straight Monthly Losses for First Time Since 2014

XRP is currently at risk of recording seven consecutive monthly losing candles for the first time since the 2013/2014 cycle.

The broader crypto market remains in a multi-month downtrend, and XRP has been one of the biggest losers, down 63.6% from its July 2025 peak. Amid the selling pressure, XRP is now on track to see a seventh consecutive monthly loss unless April turns the tide around.

Key Points

  • XRP has declined 63.6% from its July 2025 peak of $3.6 and 28.4% since the start of this year.
  • The ongoing downturn has led to six consecutive monthly losing candlesticks since October 2025, with XRP on track to record a seventh one.
  • The last time XRP saw such an extensive losing streak was in the 2013/2014 cycle.
  • Historical data shows that a 900% rebound ensued shortly after the 2014 trend, as XRP became incredibly undervalued.
  • The XRP monthly RSI has now dropped to its lowest since the 2022 FTX collapse.

XRP Sees Six Consecutive Monthly Losses

For context, the ongoing market-wide turbulence began in October 2025 in the aftermath of the 10/10 market crash that led to record liquidations across the board. Bitcoin (BTC) and the rest of the crypto market suffered the heat, but XRP saw some of the steepest losses.

This trend has persisted until now, with XRP consistently seeing lower highs and lower lows since October 2025. While the market recorded five consecutive monthly losses, BTC and a few other tokens broke this losing streak in March 2026, when they recorded their first monthly gain of the year.

XRP was one of the unlucky tokens that sustained the bearish trend, seeing declines in March and maintaining a streak of six consecutive monthly losses. Interestingly, XRP had not witnessed such an extensive losing streak for over a decade, as even the Terra and FTX implosions of 2022 triggered only three consecutive monthly losses each.

At Risk of a Seventh Monthly Loss

While XRP began April on a good note, the bullish momentum quickly faded on the first day of the month. So far, the token has recorded declines this month, down 1.8% at press time. This puts XRP at risk of its seventh consecutive monthly loss unless things turn around for good in April.

The last time XRP saw this extensive losing streak was during the 2013/2014 cycle, when it recorded red candlesticks from December 2013 to June 2014. Within this stretch, XRP saw a whopping 90% loss in value, crashing from $0.0383 to $0.0038 by the time the downtrend ended.

XRP 1M Chart
XRP 1M Chart

What followed was an impressive rebound push, as the persistent selling pressure resulted in steep undervaluation. Specifically, XRP soared from a low of $0.0028 in July 2014 to a high of $0.0280 by December 2014. This marked a 900% increase within five months. 

XRP RSI Now at Its Lowest Since the FTX Implosion

Interestingly, chart data confirms that XRP may be experiencing similar levels of undervaluation amid the current downtrend. Notably, the monthly RSI has dropped to 44.54 at press time, from a high of 73.08 in July 2025. 

The last time the XRP monthly RSI recorded such low readings was in December 2022 after the FTX implosion. At the time, the price stood at $0.40. Experiencing similar lows at current prices of $1.31 confirms XRP’s growth since then. If the price witnessed a loss in April and recorded only half of the 2014 surge, it could reach a new peak of $7.2.

Smart Props Solution (SPS) Launches Real Estate Tokenization Presale

Esra Zuhal
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Smart Props Solution (SPS) Launches Real Estate Tokenization Presale

The traditional real estate market is often complex, time-consuming, and requires significant capital, making it inaccessible to many investors. In addition, barriers such as location and high entry costs further limit participation. Smart Props Solution (SPS) addresses these challenges through innovative real estate tokenization.

SPS is an advanced property trading platform that converts real estate assets into digital tokens. Through its presale, investors gain early access to these tokens, offering a more flexible and cost-efficient alternative to traditional property investment methods.

To learn more about SPS tokenization, how it works, and its key benefits, keep reading our Whitepaper here!

What is SPS Tokenization?

SPS is an integrated platform that transforms real estate-related cash flows into blockchain-based digital tokens. Built on the Base Network (an Ethereum Layer-2 solution), the SPS token serves as the gateway to a proprietary marketplace that is launched after the presale.

Each tokenized property is managed through its own smart contract. The total value of a property is divided into smaller units, typically fixed at $100 per token. For example, a property worth $500,000 would be split into 5,000 tokens, which are then made available for trading on the platform.

To ensure compliance with local regulations, SPS establishes dedicated subsidiaries in each country where properties are tokenized. This structure allows the platform to meet national legal and regulatory requirements while operating globally.

The platform also utilizes artificial intelligence for risk assessment and yield optimization while securely recording all asset-related data, ensuring transparency and accessibility.

How Does Tokenization and Staking Work?

Real estate tokenization begins with a legally binding contract that assigns ownership to individuals or corporations. The property is evaluated based on market trends, location, and revenue potential. A legal framework then ensures that ownership rights are accurately represented by the issued tokens.

Once tokenized, a smart contract is deployed, and the tokens are listed on the SPS marketplace. Investors can buy, sell, or trade these tokens freely.

A key feature of SPS is the automated distribution of rental income. All generated rental revenues are allocated proportionally to token holders via smart contracts, ensuring transparent and efficient payouts without intermediaries.

In addition, SPS tokens can be staked to earn variable annual returns (APY). Staked tokens can be locked and withdrawn after a defined period.

How to Participate?

Participating in the SPS presale is simple:

  • Prepare your Wallet: Download a secure wallet such as Trust Wallet or MetaMask.
  • Fund your Wallet: Add cryptocurrencies like USDT, BNB, or ETH.
  • Connect: Link your wallet to the presale dashboard.
  • Stake (Optional): Stake your tokens to maximize potential returns.
  • Claim: After the sale, you can finally claim the full token ownership via the official portal.

Benefits of SPS Tokens

Are you still confused about SPS tokens? If so, here are some key benefits of SPS tokens to clear all your doubts right away!

  • Accessibility: SPS significantly lowers entry barriers by enabling fractional ownership. Investors can participate with smaller amounts and diversify across multiple properties.
  • Passive Income: Rental income is automatically distributed to token holders through smart contracts, providing a consistent and transparent revenue stream.
  • Regulatory Compliance: By operating through country-specific subsidiaries, SPS ensures adherence to local laws, increasing trust and long-term sustainability.
  • Efficiency: Smart contracts simplify transactions, reduce processing time, and eliminate intermediary costs such as broker fees.

Conclusion

The SPS Real Estate Tokenization Presale introduces a modern and accessible approach to property investment. By enabling fractional ownership, automated income distribution, and regulatory compliance across multiple jurisdictions, SPS reshapes how investors interact with real estate.

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Share of XRP Supply in Profit Drops to 43.4%, Lowest Level Since July 2024

Elendu Benedict
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Share of XRP Supply in Profit Drops to 43.4%, Lowest Level Since July 2024

The share of XRP supply held in profit has continued to decline and is now at its lowest level in nearly two years.

Recent on-chain data from Glassnode, shared in a Monday X post, confirms this negative trend. The post emphasizes that the ratio of XRP supply seeing unrealized gains has reached a 21-month low, increasing pressure on holders amid subdued market conditions.

Key Points

  • At a price of $1.33, only 43.4% of XRP’s circulating supply is currently in profit.
  • The data shows that more than half of XRP’s supply is now below the price it last move, the lowest level recorded since July 2024.
  • These massive losses also suggest that a large portion of holders entered the market late.
  • Since November 2025, daily realized losses have ranged between $20 million and $110 million among investors who bought above $2.
  • At the same time, historical trends in the chart show that similar phases of elevated loss realization have often coincided with late-stage corrections.

Majority of the XRP Supply Now Sitting at a Loss

At a price of $1.33, only 43.4% of the XRP circulating supply is currently in profit. This marks the lowest level recorded since July 2024, reflecting a notable shift in supply positioning over recent months.

Percent of XRP Supply in Profit/Glassnode
Percent of XRP Supply in Profit/Glassnode

The data shows that more than half of XRP’s supply is now below its acquisition price. With 43.4% in profit, the other 56.6% are either at break-even or underwater.

This trend comes amid the bearishness that has dominated proceedings in the past several months. Specifically, XRP has recorded six consecutive red monthly candlesticks, a price action not even seen following the 2017/2018 and 2021 bullish phases.

Since its July 2025 all-time high of $3.66, the coin has dropped by over 63%, driven by rapid sell-offs and macroeconomic uncertainties. This level of downside has led most XRP holders to nurse severe losses on their stashes.

Many XRP Holders Bought Late

Interestingly, these massive supply losses also suggest that a large portion of holders entered the market late. Notably, XRP trades around $1.34, barely 31% below its previous cycle’s high of $1.96. 

Before XRP broke above this level in November 2024, it spent years changing between $0.30 and $0.65. In November 2024, it broke out from the lows of $0.49 to reach $1.95.

The numbers suggest that holders paid little attention to XRP while it traded well below $1 but began buying when the coin reached much higher prices. As such, when the price declined from prior highs, many of these positions moved into negative territory. 

Notably, the drop in profitable supply aligns with previous periods where market sentiment weakened, and prices struggled to maintain upward momentum. Historically, they precede price bottoms and accumulation phases.

Loss Realization Accelerates Across Mid-Term Holders

Further insights from Glassnode reveal that realized losses have been increasing steadily. Since November 2025, daily realized losses have ranged between $20 million and $110 million among investors who bought above $2.

XRP Realized Losses by Age/Glassnode
XRP Realized Losses by Age/Glassnode

This activity has been most visible among short- to mid-term holders, as reflected in the spikes across different age bands. These patterns suggest that participants who entered during recent highs are gradually exiting their positions as XRP remains below their entry price.

XRP last reached $2 in January, peaking at $2.41. With prices still consolidating, this class of holders has preferred to sell at a loss rather than hold longer, as sentiment remains very negative and fear is at extreme levels.

At the same time, historical trends in the chart show that similar phases of elevated loss realization have often coincided with late-stage corrections. While this does not confirm a reversal, it provides context for how XRP has behaved during comparable market conditions.

XRP Volume Spikes to $3.8B Across Spot and Futures in 24 Hours

Abdulkarim Abdulwahab
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XRP Volume Spikes to $3.8B Across Spot and Futures in 24 Hours

XRP is witnessing a fresh surge in market activity, with trading volumes rising even as price movement remains relatively weak.

The latest data has sparked discussion within the community about whether volume is an early signal of price direction or simply background noise.

Key Points

  • XRP trading volume surged to $3.8B in 24 hours, driven by strong activity across both spot and futures markets.
  • Open interest climbed to $2.48B, signaling traders are holding positions and showing sustained market engagement.
  • Traders question if rising volume signals price direction or is just noise during consolidation.
  • XRP wallets surpassed 8.1M, highlighting continued network growth even as price remains over 60% below peak.

Volume Surges Across Futures and Spot Markets

According to data from CoinGlass, XRP recorded $3.26 billion in futures volume and $605 million in spot volume over the past 24 hours. This brings total trading activity to $3.86 billion. The figures indicate heightened participation in both derivatives and spot markets.

Alongside this, XRP’s market cap stands at $82.92 billion, with the asset trading at $1.35, reflecting a 3.89% daily gain.

Open interest currently stands at $2.48 billion, indicating that traders are actively maintaining positions, a sign of sustained market engagement.

Among exchanges, Binance leads futures activity with $140.33 million in open interest, followed by Upbit at $111 million and Coinbase at $85 million. This distribution highlights strong participation across both global and U.S. platforms.

Source: CoinGlass
Source: CoinGlass

XRP Community Debates Volume vs. Price

The spike in activity has triggered debate among traders about the importance of volume in predicting price movements. One market participant argued that volume is largely irrelevant, emphasizing that price action alone determines market direction.

However, community figure X Finance Bull countered this view, arguing that volume often signals intent before price confirms a move. This perspective suggests that rising activity during price consolidation may indicate accumulation or positioning rather than random trading.

Network Growth Still Outpaces Price

This discussion comes amid a trend in which XRP’s fundamentals continue to strengthen despite muted price performance.

Recent on-chain data shows that total XRP Ledger wallets have surpassed 8.1 million. This increase has persisted even as XRP remains significantly below its $3.65 peak from July 2025, currently trading more than 60% lower.

This divergence highlights a gap between adoption and market valuation, suggesting that user participation continues to expand regardless of short-term price weakness.

A further breakdown of wallet distribution shows that the XRP network is still largely driven by retail participants. Millions of wallets hold relatively small balances, while only a small fraction of addresses control large amounts of XRP.

What’s Next?

With trading volume rising, wallet growth accelerating, and price still lagging behind previous highs, investors are closely watching XRP’s price movement.

Some traders see the surge in volume as a sign of early accumulation that could precede a breakout. However, the overall market remains largely cautious amid geopolitical tensions in the Middle East, which continue to weigh on investor sentiment.

Bitcoin briefly reclaimed the $70,000 level today, surging 4% on news of a potential de-escalation in the Middle East conflict. Whether the uptrend will continue and benefit other major altcoins like XRP remains to be seen.

Solo Miner Secures 3.139 Bitcoin Jackpot With Minimal Hashpower

Zabi
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Solo Miner Secures 3.139 Bitcoin Jackpot With Minimal Hashpower

A small independent Bitcoin miner has defied the odds, securing a full block reward worth nearly $210,000 despite operating with minimal computing power.

Key Points

  • A small solo Bitcoin miner successfully mined block 943,411 and earned about 3.139 BTC ($210,000).
  • The reward included 3.125 BTC block subsidy plus 0.014 BTC in transaction fees.
  • The miner used 230 TH/s of hashrate via CKPool, an extremely small share of global network power.
  • At the time, Bitcoin’s total hashrate was around 1 zettahash per second, giving the miner an estimated 1 in 28,000 daily chance of success.

  • Experts described the result as a statistically rare event, expected only once every several decades for a miner of this scale.

Rare Win From a Modest Setup

The miner successfully validated block 943,411 on Thursday, earning a total of 3.139 BTC, according to mempool.space data. This included the standard 3.125 BTC block subsidy, along with roughly 0.014 BTC (about $937) in transaction fees.

The block was mined via CKpool, a platform tailored for solo miners who want to operate independently while retaining the majority of their rewards after a small fee.

What makes the achievement particularly notable is the miner’s limited computing power. The setup produced approximately 230 terahashes per second (TH/s), a negligible share compared to the broader network.

By comparison, Bitcoin’s total hashrate hovered around 1 zettahash per second in early April, meaning the miner controlled only about 0.00002% of the network’s total computational power at the time.

Extremely Low Probability of Success

Given this disparity, the odds of success were extraordinarily slim. CKpool developer Con Kolivas estimated that a miner with this level of power would have roughly a 1-in-28,000 chance of solving a block on any given day.

Providing further context, Archie from Bitcoin Archive noted that such a setup might statistically succeed only once every 76 years. 

This latest win marked the 312th solo block mined via CKpool, bringing an end to a 33-day gap since the previous success on February 28, according to the Bennet solo-miner tracker. This context highlights just how infrequent these events are.

Pattern of Long-Shot Wins Continues

While improbable, this event is not unique. Similar long-shot victories have surfaced periodically in recent months, forming a pattern of rare but recurring successes.

For context, a miner operating at about 270 TH/s secured a reward exceeding $284,000 in December. Earlier, a participant with only 6 TH/s managed to claim roughly $265,000, defying even steeper odds. In another instance, a 200 TH/s setup earned approximately $350,000 in September.

Even rented computing power has occasionally produced surprising outcomes. In late February, a miner reportedly used around $75 worth of cloud hashrate to secure a reward close to $200,000. Collectively, these cases reinforce that while the odds are steep, solo wins do occasionally materialize.

Industry Giants Move in the Opposite Direction

In contrast to these rare windfalls, large-scale mining firms are navigating a more strategic and cautious environment. Many industrial operators have recently reduced their Bitcoin holdings.

For instance, Riot Platforms reported selling 3,778 BTC in the first quarter, generating approximately $289.5 million, while still holding 15,680 BTC at quarter-end.

Similarly, MARA Holdings liquidated around 15,133 BTC between March 4 and March 25, raising roughly $1.1 billion to support corporate financial adjustments, including debt-related actions.

Other firms have followed suit. Nakamoto Inc. sold 284 BTC in March, and Genius Group exited its entire 84.15 BTC position on April 1. This broader trend reflects a more conservative financial posture among major miners.

Contrasting Realities in Bitcoin Mining

Taken together, these contrasting dynamics highlight the evolving nature of Bitcoin mining. While institutional players focus on financial optimization and risk management, smaller participants occasionally achieve outsized rewards against overwhelming odds.

Ultimately, this latest win reinforces a simple reality: solo mining can still produce unexpected outcomes. However, such successes remain rare, unpredictable, and closer to chance than strategy.

Bitcoin Hits $70K Wall as $20M Profit-Taking Caps Rally

Abdulkarim Abdulwahab
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Bitcoin Hits $70K Wall as $20M Profit-Taking Caps Rally

Bitcoin is pushing back toward the $70,000 level, but fresh on-chain data suggests the move may be running into familiar resistance. 

According to data from Glassnode, Bitcoin’s latest rally toward $70K has triggered a sharp rise in realized profits. As the price approached this zone, realized profit per hour surged above $20 million, implying that many holders are locking in gains rather than expecting an immediate breakout.

This behavior has become a clear pattern since February 2026. Each time Bitcoin trades between $70,000 and $80,000, it encounters thin liquidity and strong selling pressure, effectively capping upward momentum and leading to short-term pullbacks.

In simple terms, traders are treating this range as a profit-taking zone, not a breakout zone at the moment. This may be due to ongoing geopolitical tensions affecting financial markets.

Key Points

  • Bitcoin nears $70K, but on-chain data shows rising realized profits may limit upward momentum.
  • Traders are taking gains in the $70K–$80K range, creating a short-term profit-taking zone.
  • Whales and sharks face losses, with $200M/day realized, signaling uncertainty among large holders.
  • Geopolitical tensions with Iran and oil price spikes continue to influence Bitcoin’s short-term moves.

Whales and Sharks Show Signs of Stress

While short-term traders are taking profits, larger holders are struggling. Glassnode’s data from April 2 shows that sharks and whales holding between 100 and 10,000 BTC have been realizing losses at scale.

Specifically, the 7-day average of realized losses has climbed above $200 million per day. This type of selling usually signals capitulation, when big investors exit because they’re unsure about the market. It suggests many of them aren’t confident that prices will rise soon.

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Geopolitics Impacting Bitcoin Short-Term

Despite these bearish undercurrents, Bitcoin has climbed 3.71% over the past 24 hours to around $69,354. The move follows easing geopolitical tensions, with reports of a potential 45-day ceasefire between the United States and Iran reducing immediate market fears.

When geopolitical risks decline, investors tend to move capital back into risk assets like Bitcoin, which explains the recent bounce.

However, Tehran has rejected the temporary ceasefire. Iran is demanding a permanent end to hostilities rather than a short pause, using its control of the Strait of Hormuz, a critical route for 20% of global oil, to exert leverage.

Oil prices have surged near $110/barrel and could spike higher if the strait remains closed or if strikes occur, affecting inflation and global markets. Stocks typically fall under geopolitical stress, while Bitcoin reacts variably, sometimes dropping with panic and sometimes rising as a hedge.

This ongoing tension explains why Bitcoin holders have been selling on every rebound opportunity over the past several weeks.

BTC Next Move

Right now, Bitcoin is caught between two strong forces. If profit-taking continues at this pace, Bitcoin may struggle to break cleanly into the $70K–$80K range.

However, if macro conditions improve and demand strengthens, a decisive breakout could still happen.

Strategy’s Latest $329M Bitcoin Purchase Funded by Equity, not Debt

Sam Wisdom Raphael
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Strategy’s Latest $329M Bitcoin Purchase Funded by Equity, not Debt

Strategy recently purchased 4,871 Bitcoin for $329.9 million, choosing to fund the acquisition through equity rather than debt. 

The move, highlighted by CryptoQuant analyst JA Maartunn, shows the company’s continued reliance on stock sales to finance its aggressive Bitcoin accumulation strategy. Strategy’s latest purchase comes amid Bitcoin’s current price struggles.

Key Points

  • Strategy bought 4,871 Bitcoin for $329.9 million, increasing total holdings to 766,970 BTC.
  • The company raised $473.9 million through equity, including $144.0 million from MSTR shares and $329.9 million from STRC preferred stock.
  • The firm reported a $14.46 billion unrealized loss in Q1 2026.
  • Despite Bitcoin falling 20.3% this year, Strategy has made 13 purchases in 2026, accumulating 94,440 BTC for $7.594 billion.

Strategy’s Bitcoin Accumulation

Strategy shared these details in its Form 8-K filed on April 6. In the filing, the firm highlighted the continued use of its at-the-market (ATM) equity program, which allows it to raise funds by selling preferred and common stock.

Specifically, from March 30 to April 5, 2026, Strategy raised about $474 million in total net proceeds from different securities. Most of this came from its variable-rate preferred stock (STRC) and Class A common stock (MSTR). 

Even after raising this amount, Strategy confirmed that it still has tens of billions of dollars in remaining issuance capacity, meaning it can continue to raise significant funds through equity if necessary.

Strategy Seeing Unrealized Losses

The filing also explained how Strategy used the funds, with a strong focus on buying Bitcoin. Between April 1 and April 5, the company bought 4,871 BTC for $329.9 million, at an average price of $67,718 per Bitcoin. 

Notably, this purchase increased its total holdings to 766,970 BTC, acquired at a total cost of about $58.02 billion and an average price of $75,644. The latest move follows a one-week pause in its purchase spree. Meanwhile, the company still relies heavily on selling equity to fund these purchases.

At the same time, the filing highlighted a major concern. Strategy reported a $14.46 billion unrealized loss on digital assets for Q1 2026, as Bitcoin continues to decline. As of March 31, 2026, its digital assets were valued at $51.65 billion on its balance sheet.

Recent Purchase Driven by Equity 

Commenting on the latest development, JA Maartunn provided more details on how the company funded the recent purchase, stressing that Strategy used equity, not debt. He explained that the firm bought the 4,871 BTC using $329.9 million raised through its ATM programs.

According to him, Strategy sold 1,175,844 shares of MSTR common stock, raising $144.0 million, and also issued 3,303,227 shares of STRC preferred stock, which brought in $329.9 million. In total, the company raised $473.9 million through equity.

Maartunn also pointed out that Strategy raised about $144 million more than it spent, meaning it still has extra U.S. dollar funds on hand. This leftover capital gives the company room to either continue buying Bitcoin or cover other needs.

Persistent Buying Despite Market Decline

Despite Bitcoin facing pressure, Strategy has continued to buy throughout 2026. The crypto firstborn is down 20.3% this year, yet the company has not slowed its pace.

This latest move marks Strategy’s 13th Bitcoin purchase of the year, bringing its total for 2026 to 94,440 BTC. So far, it has spent $7.594 billion on these purchases.

With Bitcoin currently trading at $69,400, the total value of the coins bought this year is about $6.554 billion, which means these holdings are currently at a loss. Despite this, the company continues to stick with its equity-based strategy, showing strong belief in Bitcoin despite the ongoing price swings.

Bitcoin Social Sentiment Hits Weakest Level in Over Two Months

Zabi
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0
Bitcoin Social Sentiment Hits Weakest Level in Over Two Months

Bitcoin is hovering just below the $70,000 mark amid a noticeable surge in negative sentiment across social platforms, according to data from Santiment.

While pessimism is building, analysts note that similar conditions in the past have often preceded market recoveries, leaving investors cautious but attentive.

Key Points

  • Bitcoin struggles to break above $70,000, testing key resistance for the seventh time since early February.
  • Social sentiment has turned bearish, with the bullish-to-bearish ratio at its lowest since February 28, 2026.
  • Traders are positioned for a potential short squeeze, with $6 billion in short positions vulnerable near $72,500.
  • Despite pessimism, on-chain data shows Bitcoin is still above its realized price, suggesting further downside risk.
  • Geopolitical tensions and regulatory uncertainty continue to weigh on market optimism.

Sentiment Falls to Multi-Week Low

Discussions surrounding Bitcoin have turned increasingly bearish across platforms like X, Reddit, and Telegram. Santiment reports that the ratio of bullish to bearish commentary has dropped to 0.81 to 1.00, its weakest level since February 28, 2026.

The firm attributes this shift to a renewed wave of fear, uncertainty, and doubt (FUD), compounded by Bitcoin’s prolonged period of sideways movement throughout 2026. As momentum stalled, trader optimism gradually faded.

However, Santiment highlights a recurring market pattern: prices often move against prevailing sentiment. In that context, rising pessimism could signal the early stages of a potential rebound.

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Bitcoin Tests Key Resistance

Amid this weakening sentiment, Bitcoin continues to struggle with a critical resistance level.  As of this writing, it is trading at $69,816, making its seventh attempt to break above $70,000 since February 5, 2026, when it briefly dipped to $60,000.

Despite multiple attempts, bullish momentum remains limited. The asset remains roughly 45% below its all-time high of $126,080, recorded on October 6, 2025, underscoring persistent market pressure.

Additionally, external factors are also weighing on sentiment. Geopolitical tensions, including the US–Iran conflict, as well as regulatory uncertainty surrounding the Clarity Act, continue to restrain stronger upward movement.

Liquidation Data Signals Market Imbalance

While spot price action remains subdued, derivatives data offers additional insight into market positioning. According to Coinglass, bearish sentiment is also visible in leveraged trades. Approximately $6 billion in short positions would be liquidated if Bitcoin rises to $72,500.

By comparison, around $2 billion in long positions are clustered near $65,000. This imbalance suggests that price action may be drawn toward higher-liquidity zones.

Consequently, some traders see the potential for a short squeeze in which rising prices force short sellers to exit their positions, accelerating gains.

On-Chain Metrics Suggest More Downside Risk

At the same time, on-chain indicators provide a more cautious, longer-term view. Data from CryptoQuant indicates that Bitcoin has not yet reached a definitive market bottom. 

Currently, Bitcoin’s spot price remains well above its realized price of $54,286, a key metric representing the average acquisition cost of all coins in circulation. Historically, Bitcoin has tended to fall below this level before entering a strong accumulation phase.

Since most holders are still in profit, the data suggests that further downside cannot be ruled out. Therefore, a move back to the realized price would imply roughly a 20% decline from current levels.

Outlook Remains Uncertain

Taken together, the indicators paint a complex picture. Weak sentiment points to caution, while liquidation dynamics hint at potential upward pressure. Meanwhile, on-chain metrics suggest the market may not have fully reset.

As Santiment notes, extreme pessimism has often preceded recoveries. Still, with macroeconomic and geopolitical uncertainties lingering, Bitcoin’s next move will likely depend on how these competing forces unfold in the near term.

Over $276M Liquidated in 24 Hours as Bitcoin Reclaims $69,000

Zabi
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Over $276M Liquidated in 24 Hours as Bitcoin Reclaims $69,000

Bitcoin surged early Monday, climbing above $69,000 and triggering a wave of liquidations across crypto derivatives markets. 

Specifically, according to CoinGecko, Bitcoin climbed 3.4% to reach $69,134 in early trading. This advance marks another attempt to reclaim the $70,000 level, which the asset has struggled to break since early February 2026.

Key Points

  • Bitcoin rose 3.4% to $69,134, briefly pushing back toward the $70,000 resistance level.
  • Crypto derivatives liquidations totaled $212.62 million over the past 12 hours, with short positions accounting for $188.18 million of the losses.
  • Over 24 hours, $276.45 million in liquidations hit 80,202 traders across leveraged positions.
  • Short positioning remains heavily concentrated, with over $6 billion at risk near the $72,500 level.
  • Long liquidity is clustered near $65,000, creating a two-sided liquidation risk structure.

Short Sellers Hit Hard as Liquidations Surge

As prices rose, leveraged traders were forced to unwind positions rapidly. Data from CoinGlass shows that $212.62 million in positions were liquidated over the past 12 hours.

Notably, short positions accounted for $188.18 million of that total, indicating that bearish traders were largely caught off guard. In comparison, long liquidations remained limited at $24.44 million.

Extending the timeframe, total liquidations reached $276.45 million over 24 hours, affecting 80,202 traders. This sharp increase highlights how quickly sentiment can shift in leveraged markets.

Crypto Liquidations Heatmap
Crypto Liquidations Heatmap

Market Positioning Signals Mixed Sentiment

Despite the recent upward move, broader positioning suggests caution still dominates. Data from CoinGlass indicates that short positions remain heavily concentrated across key price levels.

In particular, if Bitcoin rises to $72,500, more than $6 billion in short positions could be liquidated. On the other hand, around $2 billion in long positions are clustered near $65,000, creating a layered risk structure.

This imbalance has led some traders to anticipate further upside. In leveraged markets, price action often gravitates toward liquidity-heavy zones, raising the possibility of an extended short squeeze.

Bitcoin Exchange Liquidation Map
Bitcoin Exchange Liquidation Map

Geopolitical Developments Influence Risk Appetite

At the same time, macroeconomic and geopolitical factors continue to shape market behavior. A report by Fox News cited Donald Trump suggesting that a potential agreement with Iran could be reached soon.

However, Trump also warned that failure to secure a deal could lead to severe consequences, including possible control over Iran’s oil resources. In parallel, he urged Iran to reopen the Strait of Hormuz, emphasizing its importance to global trade.

Meanwhile, Iran has rejected temporary ceasefire proposals, maintaining that the strait will only reopen once compensation for war-related damages is addressed. The ongoing standoff continues to inject uncertainty into global markets.

Energy Shock Raises Inflation Concerns

These geopolitical tensions have already disrupted energy markets, amplifying economic risks. Since late February 2026, the situation has escalated into a de facto blockade of the Strait of Hormuz.

Consequently, West Texas Intermediate crude has surged to $115 per barrel, a four-year high, while U.S. gasoline prices have risen 38% since February 28.

Therefore, such increases in energy costs are intensifying inflation concerns, which in turn shape expectations for central bank policy.

Fed Policy Outlook Remains Unchanged

Given these pressures, expectations for monetary policy remain steady. According to the FedWatch Tool, there is a 99.5% likelihood that the Federal Reserve will keep interest rates unchanged at its next meeting on April 29, 2026.

In fact, persistent inflation risks, driven in part by rising energy costs, may limit the scope for near-term rate cuts. This outlook continues to weigh on broader financial markets, including crypto.

Bitcoin Faces Key Resistance Ahead

Against this backdrop, Bitcoin remains well below its all-time high of $126,080, recorded on October 6, 2025. The asset is currently trading about 45% lower than that peak.

Notably, since dropping below $70,000 on February 5, 2026, the asset has made multiple attempts to reclaim the level. The current rally marks its sixth test of this key resistance zone.

While short-term momentum has improved, market positioning and macro uncertainty suggest that the path forward may remain volatile.

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