Fidelity Analyst: Bitcoin May Enter a New Cycle, Year-End Performance Still Uncertain

Bitcoin Breaks Below $74K as 24-Hour Decline Reaches 0.02%

Gate News message, April 16 — Bitcoin fell below the $74,000 level, currently trading at $73,906 with a 24-hour decline of 0.02%.

Newly Created Wallet Withdraws 1,470 BTC Worth $109M from Major CEX

Gate News message, April 16 — According to Onchain Lens, a newly created wallet withdrew 1,470 BTC, valued at approximately $109 million, from a major CEX.

BTC falls below 74000 USDT

Gate News bot message, Gate quotes show that BTC has fallen below 74000 USDT, with the current price at 73988.8 USDT.

Charles Schwab Launches Schwab Crypto Spot Trading for Bitcoin and Ethereum

Charles Schwab launched Schwab Crypto on April 16, a spot cryptocurrency trading service for retail customers. It supports direct trading of Bitcoin and Ethereum and offers education and support, integrating with existing financial services.

BTC dips 0.50% over 15 minutes: high-leverage liquidation in the derivatives market triggers a passive pullback in spot

2026-04-16 13:30 to 13:45 (UTC), the BTC price fluctuated within the range of 74481.3 to 75000.0 USDT, with a return of -0.50% over 15 minutes and a swing of 0.69%. During this round of abnormal movement, market attention increased, shown by intensified short-term volatility, but it did not trigger widespread panic. The main driver of this abnormal movement is localized forced liquidation under the high-leverage positioning environment in the derivatives market. Existing data shows that BTC perpetual futures open interest has been running at consistently high levels; leverage has accumulated in the market. Within the abnormal-movement window, long leverage is passively deleveraged, which triggers a liquidation cascade and, in turn, causes the spot price to passively dip. ETF fund flows remain neutral, contrasting with net outflows of large on-chain funds, further confirming that this price decline is mainly driven by endogenous risk release within the derivatives market. In addition, daily-level data shows that large addresses (\u003e$10M) continue to record net outflows, with a total amount of -12,987.03 BTC. This should have provided support for the price, but during the abnormal movement period, no large-scale concentrated sell-off or a surge in on-chain activity has been observed. On the ETF side, mainstream ETF fund flows show no significant abnormal movement, indicating that institutions have not engaged in trend-based selling. Spot and derivatives trading volumes remain high. The position structures of some top platforms are highly concentrated, and with multiple factors resonating simultaneously, the effect of localized forced liquidation is amplified, which then transmits to the spot market. The market is still in a high-leverage operating phase. Investors should be alert to the risk of a new round of forced liquidation pressure brought on by amplified future volatility. Focus on indicators such as the exchanges’ BTC net inflow/outflow, minute-level large transfers, derivatives market positions, funding rates, and liquidation volume. If there is a sudden change in fund flows on the derivatives or ETF side, there may be systemic downside risk. In the short term, the risk of sharply fluctuating market conditions is prominent, and investors should closely monitor subsequent market data and on-chain developments.

Soluna Holdings Acquires Project Dorothy 1A for $16.5M, Accelerates AI Computing Expansion

Soluna Holdings acquired full ownership of Project Dorothy 1A for $16.5 million and completed a $53 million acquisition of the Briscoe wind farm, aiming to enhance its green data centers for AI computing and Bitcoin mining.