A whale has amassed a $310 million long position, currently sitting on over $9.4 million in total profits

April 6 — Saudi Arabia hiked its official selling price (OSP) for its key crude grade to Asia by $17 per barrel month-over-month, setting a record premium over the Oman/Dubai average, amid regional energy shipment disruptions from Iran’s near-closure of the Strait of Hormuz and market volatility driven by uncertainty over the conflict’s duration. Saudi Aramco, the kingdom’s state oil giant, set the OSP for Arab Light crude for May delivery to Asia at a $19.50/bbl premium to the Oman/Dubai average — a $17/bbl jump from the prior month’s level.

**Binance to Pause ETH Network Deposits/Withdrawals for Wallet Maintenance (April 7, 2026)** April 6 — Binance will conduct wallet maintenance on the Ethereum (ETH) network on **April 7, 2026 at 14:00 Beijing Time**. To support the work, ETH network deposits and withdrawals will be suspended starting **05:55 UTC on April 7, 2026** and resume once maintenance wraps up. The task is expected to take roughly one hour. Key details: - Transactions for ETH network tokens will remain unaffected. - Binance will address all user-related technical needs. - Deposits/withdrawals will reopen without further notice once the network is confirmed stable post-upgrade.

On April 6, per Onchainlens monitoring, a crypto whale withdrew 5.97 million ASTER tokens (valued at $3.99 million) from Binance. The address has prior interaction with the Aster protocol, suggesting it may be preparing to deposit the ASTER.

On April 6th, per Onchainlens monitoring, a new wallet with the prefix 0x01f sold 242 ETH before opening a 3,286.46 ETH short position at 20x leverage—valued at roughly $7 million.

On April 6, cryptocurrency market research firm Santiment shared on social media that, per on-chain data, Bitcoin’s weekend close registered a 2.95-to-1 ratio of profitable trades (coins moved at a profit post-acquisition) to loss-making trades. Historically, this has been a short-term price top signal.

**April 6 — CoinGlass data shows Bitcoin surged past $69,000 today, with funding rates on mainstream CEXs and DEXs indicating a slight weakening of bearish sentiment in the market. Specific rates are shown in the attached chart.** **BlockBeats Note:** Funding rates are fees set by cryptocurrency exchanges to keep contract prices aligned with underlying asset prices—typically for perpetual contracts. They act as a fund-exchange mechanism between long and short traders; exchanges do not charge this fee themselves. The goal is to adjust traders’ holding costs or profits to keep contract prices close to the underlying asset’s price. A 0.01% funding rate is the baseline. Rates above 0.01% generally signal a bullish market, while rates below 0.005% generally signal a bearish market.