Digital Financial Services Group BIT heavily invested in ETH last night, making a profit of $2 million during the half-day bounceback.
April 29th — On-chain data from HyperInsight Monitoring shows the largest ETH long whale, dubbed the "BIT Whale," opened a 15x leveraged ETH long position via sub-address 0xa5b last night. The position has an average entry price of ~$2,269 and totals $81 million.
From this morning to noon, ETH prices continued climbing, realizing the bullish expectations set overnight. As of press time, the address holds $2 million in unrealized profit (a 36% return). Meanwhile, the whale’s two other linked addresses saw a sharp profit rebound, pushing the total daily gain across all three addresses to $3.1 million.
The address is owned by digital financial services group BIT, having repeatedly received fund transfers from the firm. Previously, the whale took ETH long positions in the hundreds of millions of dollars, with cumulative profits exceeding $50 million.
Address: 0xa5b0edf6b55128e0ddae8e51ac538c3188401d41
12 minutes ago
Michael Saylor: Aims to Drive Bitcoin Price to $10 Million
On April 29, 2026, Michael Saylor—founder of Strategy—told attendees at the Bitcoin 2026 conference that the ultimate goal is to push Bitcoin’s price to $10 million per coin and build it into a network with a $200 trillion market capitalization that will keep growing.
### Notes on American English adjustments:
1. **Date formatting**: Used **On April 29, 2026** (natural for news, avoids unnecessary "th" in casual/concise contexts).
2. **Conference name**: Added a space (**Bitcoin 2026**) as standard for event naming in U.S. media.
3. **Tone**: Swapped "stated" for "told attendees" (more conversational, typical of conference remarks); "drive" → "push" (common for price targets); "make it a network" → "build it into a network" (more precise for scaling goals).
4. **Flow**: Used em dashes to set off the founder title (cleaner than commas in U.S. news style for parenthetical info).
5. **Clarity**: Kept the $200 trillion figure front and center, with "keep growing" (casual, accessi
12 minutes ago
Current mainstream CEX and DEX funding rates indicate a slight easing of the bearish trend, with ETH showing more prominent signs of a rebound.
April 29 — Per HTX market data, Bitcoin is currently trading at $77,310.04, up 0.52% over the past 24 hours. Ethereum, meanwhile, sits at $2,334.44 with a 1.93% 24-hour gain.
Mainstream centralized exchange (CEX) funding rates show a weakening bearish trend, with Ethereum showing clearer signs of warming sentiment.
**Bitcoin (BTC)**: Most platforms have posted negative funding rates, and exchanges like OKX still lean short. Overall, short-side pressure on BTC remains unrelieved, and the fee structure still signals bearishness.
**Ethereum (ETH)**: Funding rates on major platforms (including Binance) cluster in the 0.005% to 0.006% range—away from prior bearish levels but not yet hitting the 0.01% benchmark. ETH’s rates are generally stronger than BTC’s, with a clear uptick in bullish momentum.
*BlockBeats Note*: Funding rates are set by crypto exchanges to align perpetual contract prices with underlying asset values. They act as a fund exchange between long and short traders
12 minutes ago
BTC Midday Pump Liquidates Three Major Short Positions of a High-Leverage Whale, Totaling $2.6 Million in Liquidation Size
April 29th — Per HyperInsight Monitoring, Bitcoin (BTC) extended its rebound this morning before rallying again at midday, briefly hitting $77,400.
Over the past 10 minutes, three large high-leverage short positions on the Hyperliquid platform liquidated simultaneously during this rally, totaling $2.6 million in liquidations.
The biggest of these was a 40x-leveraged BTC short that liquidated ~26 BTC (worth roughly $2.008 million)—the primary driver of this round of liquidations. This address still holds a remaining position of $10.4 million, with its next BTC liquidation level at $77,617.
Address: 0x6048a6179dd4c29077138176f4074b871a36d1d3
12 minutes ago
Analyst: Bitcoin Selling Pressure Has Significantly Weakened, Decreasing Sensitivity to Regulation and Policy
**April 29 — Former President Donald Trump has directed aides to prepare for an extended U.S. Navy blockade of the Strait of Hormuz, pushing Brent crude oil above $111 per barrel—while Bitcoin trades in a narrow range.**
Trump said Tuesday Iran is “in a state of collapse.” Tehran, meanwhile, has floated accepting a temporary deal to reopen the strait if Washington lifts its blockade of Iranian ports.
Split Research founder Zaheer Ebtikar noted in a report that Bitcoin’s relative calm signals a shift in market structure. “The supply surplus has finally been absorbed, and panic sellers driven by macro shifts or quantum concerns have long exited—making selling pressure noticeably weaker than it was just a few months ago,” he said.
Ebtikar added: “Bitcoin’s sensitivity to regulatory noise or central bank policy is far lower than many assume. Its volatility sensitivity is purely a function of broader market swings; since we’re in a relatively quiet trading range now, there’s no imm
12 minutes ago