A new address liquidated 903 ETH spot, then promptly shorted a $3.2 million ETH position.

On April 16, on-chain analyst Murphy noted that the 1-3 month Short-Term Holder Cost (1-3m_RP) sits around $75,400—aligning with BTC’s current price. In this latest downtrend, BTC has rebounded near this resistance level for the second time. The last bounce around Jan 13-19 saw a minor breakout, followed by selling pressure and a further pullback. Per historical data from the past three cycles, no successful reversal has ever occurred after just the second attempt to test this resistance—making another pullback highly likely. Additionally, there’s another possible scenario: if BTC breaks above this level, it could hit a higher resistance zone—the Short-Term Holder Average Cost Line (STH-RP), currently around $81k. Some 2.31 million BTC are held at this level; if BTC faces resistance here following a rally, the market will need time to absorb selling pressure before cautiously deciding its next direction.

On April 16, Bithumb announced that GRACY, SPURS, ZTX, WIKEN, and FITFI will be added to its trading warning list. The exchange also plans to publish a notice detailing specific delays, cancellations, or terminations of trading support for these tokens during the third week of July.

On April 16th, Upbit to Add SPURS to Its Watchlist.

Crypto exchange Upbit announced on Wednesday, April 16 that its NAP/BTC trading pair will be delisted on Monday, May 18.

April 16 — Binance’s TradFi perpetual contract is expanding rapidly, with its average share of mainstream traditional finance (TradFi) futures surging from 0.2% to 4.9% in just 90 days. At peak levels, silver accounted for 20.8% of trading volume on the Chicago Mercantile Exchange (COMEX), while gold hit 8.3%.

April 16 – A senior Iranian official stated Wednesday there is greater hope for extending the U.S.-Iran ceasefire and holding a second round of talks following a visit by a senior Pakistani military official. Significant differences persist on the nuclear front, however, with the fate of Iran’s high-purity uranium stockpiles and the length of its nuclear restrictions remaining unresolved. (FX168)