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Cointelegraph's April 17 analysis: BTC at $78K eyes $80K resistance, ETH $3.2K, XRP $2.85, SOL $185. Warn of $820M liquidations elevating reversal risk.
Crypto markets saw $820M in 24h liquidations as BTC hit $78K; 72% were short positions per Coinglass, the biggest short imbalance since January.
Spot BTC ETFs saw ~$1B weekly inflows through April 18, led by BlackRock IBIT (~60%). Cointelegraph says it validates buying the geopolitical dip.
Iran reopened the Strait of Hormuz under a 4-day ceasefire, lifting Bitcoin with risk assets. CryptoSlate warns BTC's rally could reverse sharply if the strait closes again.
Spot Bitcoin ETFs drew $664M on April 17 as Hormuz reopened; BlackRock IBIT led inflows. CryptoSlate warns the rally reflects oil relief, not a fundamental shift.
BPI research shows Iran holds Bitcoin as a strategic, confiscation-resistant reserve, but settles most oil tolls in Tether USDT, exposing a reserve-vs-rail split.
Bitcoin briefly touched $78,000 as Iran declared the Strait of Hormuz 'completely open'; The Defiant notes the rally was largely a $593M short squeeze per Coinglass.
Strategy (MicroStrategy) is moving STRC preferred-stock dividends from monthly to semi-monthly to smooth institutional carry. Yield stays at 11.5% annualized.
Strategy proposes moving STRC preferred-stock dividends from monthly to semi-monthly; board votes April 25, effective June 1. Yield remains 11.5% annualized.
The Block reports Strategy considers semi-monthly STRC dividends as BTC-treasury imitators (Semler, Metaplanet) adopt similar preferred-stock vehicles.
A former UK prime minister publicly backed bitcoin as a hedge while calling the UK economy on a 'very negative trajectory' due to inflation and productivity.