• Bitcoin Is Ready To Go

• What’s Holding Bitcoin Back

• Whales Are Moving

• A Broken Economy

• And more…

Market Data Prices as of 7:30am ET

This Update Is Brought To You By Bitbo

We are excited to announce one of Bitbo’s newest trading charts:

Bollinger Bands →

Bollinger Bands are a technical analysis tool that was invented by John Bollinger in the 1980s.

They are used to measure the volatility of a financial asset, like Bitcoin, over a specified period of time.

Bollinger Bands comprise three lines:

• A middle band representing a simple moving average (typically 20-day)

• Two outer bands that are standard deviations away from the middle band

BITCOIN IS READY TO GO

BREAKING NEWS: Bitcoin Breaks $93K as Tariff Talks Spark Rally

Bitcoin (BTC) has rocketed to $94,000, marking its highest price since early March.

The surge came after encouraging macroeconomic developments, particularly on the U.S.–China tariff front.

U.S. Treasury Secretary Scott Bessent called the trade standoff “unsustainable” and forecasted “de-escalation very soon.”

Later, Donald Trump backed the sentiment, saying tariffs would “come down substantially” and confirmed support for Fed Chair Jerome Powell.

Markets responded instantly:

• BTC: $93,400 (+7%)

• ETH: $1,800 (+15%)

• DOGE: +14%

• SUI: +29%

• S&P 500: +2.5%

• Nasdaq: +2.7%

Meanwhile, U.S. Bitcoin ETFs are seeing renewed investor confidence, with $1.29 billion in net inflows this week:

• April 21: $381.3 million

• April 22: $912.7 million

This isn’t just a relief rally—it’s a macro-driven breakout.

WHAT’S HOLDING BITCOIN BACK?

Three outta four? That’s where we are right now with Bitcoin’s price drivers.

✅ BTC/Gold Ratio
✅ Global Liquidity
✅ Gold Price

❌ Still missing: Risk-on appetite across the broader market.

Let’s unpack it 👇

1. BTC/Gold Ratio

Think of this as a measure of Bitcoin vs. Gold performance.

• Ratio climbing? Bitcoin’s winning

• Ratio dropping? Gold’s getting the love

Right now it’s slipping, but… it’s heading toward a major trend line — which could mean we’re close to a bounce and $BTC upside.

2. Global Liquidity

Liquidity = rocket fuel for risk assets.

More money in the system → trickles into stocks/crypto → eventually reaches Bitcoin.

The big news? Global M2 (cash + deposits) is climbing again — and Bitcoin tends to follow about 10–12 weeks later.

So yeah, things are heating up.

3. Gold Price

Bitcoin and Gold have danced to the same tune for years. When gold rises, Bitcoin usually follows — though BTC is a lot more sensitive to fear.

So when investors get spooked? BTC chills.

When things loosen up? BTC catches up — fast.

4. Risk-On Sentiment: The Missing Link

Even with everything else in place, Bitcoin needs investor confidence to truly run.

No risk appetite = sideways drift.
Add it back in? 💥 That’s when we fly.

What could make that happen?

• Fed cuts rates

• Geopolitical calm

• Or, wild card: Bitcoin evolves into a legit safe-haven like Gold (still a long shot)

Either way, we’re just one spark away from ignition.

$BTC is primed. Let’s see who lights the fuse. 🚀

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WHALES ARE MOVING

When Whales move the market follows…

Today we’re spotlighting one of the most underrated alpha signals in crypto:
Bitcoin Whale Wallets.

This metric focuses on addresses with 1,000+ BTC—the players with the most capital and the least emotion.

Here’s why it’s a big deal:

These wallets often lead the market, buying into weakness and ignoring the noise.

Tracking their movements shows us how informed capital is behaving.

For reference, 1,000 BTC = ~$87.18M right now.

What’s happening:

According to Glassnode, we’ve jumped from 2,037 whale wallets in February to 2,098 today.
That’s the highest count in 4 months, back to Trump-rally levels from late 2024.

Wallets holding 100+ BTC are also on the rise, sitting at 18,026.

The signal is clear:

Whales are already stacking—they’re not waiting for the breakout.
Historically, this kind of activity precedes major rallies.

With Bitcoin now over $87K, the smart money is flashing green.
Whales are gearing up for a run. 🚀

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A BROKEN ECONOMY

The U.S. economy is on shaky ground, and Cathie Wood of ARK Invest is sounding the alarm.

According to her, the country’s debt-to-GDP ratio has reached levels not seen since World War II, and this time, there’s no global conflict to explain it.

The growing deficit—the gap between federal spending and revenue—is accelerating the problem.

While wealthy consumers are still propping up the economy, this temporary boost, fueled in part by leftover pandemic stimulus and speculative assets like Dogecoin, is wearing thin.

Meanwhile, oil prices are plunging. Rumors suggest Trump is in discussions with Saudi Arabia, possibly even Mohammed bin Salman, to influence the market.

Although inflation seems to be cooling, real inflation metrics hint at deeper issues: prices are dropping fast because demand is falling—a potential signal that the economy is already breaking down beneath the surface.

OTHER NEWS

📈 Bitcoin Overtakes Google: Bitcoin hits a $1.86T market cap, crossing $94K per coin and becoming the world’s 5th largest asset by valuation.

💶 ECB Bets Big on Digital Euro: The European Central Bank eyes replacing €256B in cash and deposits with its digital euro—despite public hesitation.

🏦 ING Plans Stablecoin Launch: Dutch banking giant ING is set to release a euro-backed stablecoin in collaboration with European partners.

🛃 Bitcoin Miners Under the Microscope: U.S. Customs tightens checks on undervalued ASIC imports as some firms try dodging new Trump-era tariffs.

😅 Schiff’s Bitcoin Irony: Bitcoin critic Peter Schiff's own company ends up holding €800K worth of Samara Bitcoin bonds. Oops.

🏛️ Crypto Giants Eye US Banking Licenses: Circle, Coinbase, BitGo, and Paxos make moves to become banks amid favorable crypto regulations.

🛂 Bitcoiners Get Passport Perks: CitizenX acquires Plan B Passport, expanding sovereign travel options for BTC holders through Katie Ananina’s network.

🚗 Tesla HODLs Strong: Despite missing Q1 earnings, Tesla holds firm with all 11,509 BTC still on its balance sheet.

⚠️ BIS Rings the Alarm: The Bank for International Settlements warns of crypto risks leaking into traditional finance, urging containment strategies.

🕒 CFTC Considers 24/7 Markets: The Commodity Futures Trading Commission wants public feedback on round-the-clock trading and Bitcoin-style perpetual futures.

🧑‍💻 Dev Drama on Bitcoin Core: Developer Antoine Riard claims censorship after Chaincode Labs blocks his CTV proposal on GitHub.

📊 Metaplanet Doubles Down on BTC: CEO defends bold bitcoin treasury strategy despite stock volatility, staying laser-focused on long-term BTC gains.

🔧 Bitdeer Boosts Mining Power: Bitdeer secures $60M to ramp up ASIC production and expand self-mining as hashrates hit all-time highs.

💸 Bitcoin ATM Legal Clash: Bitcoin Depot sues Arkansas police after $14K is seized from an ATM involved in a suspected scam.

⚡ Carman Joins Spiral’s LDK Team: Ben Carman joins Spiral to enhance Bitcoin’s Lightning Dev Kit and develop tools for easy self-custody.

🇰🇷 Korea Steps into Stablecoin Regs: South Korea’s central bank pledges active involvement in shaping stablecoin laws to protect economic stability.

🧑‍🔬 Discord Tests Face Scans: Discord pilots face verification in the UK & Australia, hinting at new age-check norms under regulatory pressure.

🪙 Satoshi Surpassed: BlackRock and MicroStrategy now control 1.1M BTC—outpacing even the mysterious Satoshi’s legendary stash.

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.