President Trump disclosed Wednesday that he and Chinese President Xi Jinping 
exchanged letters over China&#8217;s alleged weapons transfers to Iran, with Xi 
denying the claim in writing and Trump calling it a positive step ahead of 
their May summit. President…

Xi Denies Arming Iran in Trump Letter Exchange

Day one at Paris Blockchain Week turns into an institutional scouting mission 
for privacy, composability and gold‑backed tokenization plays in the heart of 
Paris. Day one of Paris Blockchain Week 2026 is underscoring a simple message 
from the buy‑side: if…

Paris Blockchain Week opens with privacy, composability and tokenized gold in focus

Bitcoin is consolidating around the $74,000 level after a stretch of bullish 
price action that has brought buyers back into the market and renewed optimism 
around a broader recovery. While price momentum remains the focus for most 
traders, an important structural development is quietly unfolding on the 
supply side — one that could play a meaningful role in determining whether the 
current strength holds or fades. Related Reading: Ethereum Just Saw Its 
Strongest Institutional Demand Signal Since October: Find Out If It Lasts 
According to an Arab Chain report, the Miners&#8217; Position Index has moved into 
negative territory, recording a reading of approximately -0.83. That reading 
reflects a clear shift in miner behavior: rather than transferring Bitcoin to 
exchanges in preparation for selling, miners are currently opting to hold. The 
result is a meaningful reduction in one of the market&#8217;s most consistent 
sources of structural selling pressure. The historical context makes the 
current reading more significant. When the MPI rises above 2, it has 
consistently signaled periods of elevated miner selling — and the chart shows 
that those spikes have coincided with price corrections. The current negative 
reading represents the opposite condition: miners are not adding to exchange 
supply, and the overhead pressure that those transfers typically create is 
largely absent from the market right now. For Bitcoin attempting to 
consolidate gains near $74,000, that matters. Rallies that develop without 
miner selling pressure tend to face fewer internal headwinds than those that 
must absorb simultaneous supply from the network&#8217;s largest producers. A 
Different Pattern From the Spikes The chart history behind the current MPI 
reading adds important context. Over the previous months, the index 
experienced several sharp spikes above the 2 level — and each one coincided 
with a period of price weakness for Bitcoin. That correlation was not subtle. 
When miners moved aggressively to exchanges, price followed downward. The 
pattern was consistent enough to function as a leading indicator of short-term 
selling pressure entering the market from one of its most structurally 
significant sources. The current phase looks different. Rather than spiking, 
the index is moving within a low, stable range — a behavioral shift that 
suggests miners have collectively stepped back from the distribution posture 
that defined those earlier episodes. At -0.83, the index is not just below the 
danger threshold. It is signaling that the miners who drove previous 
corrections are currently sitting on their coins rather than moving them 
toward exchanges. With Bitcoin trading near $74,000, the timing of that shift 
matters. A price attempting to consolidate at elevated levels is considerably 
more durable when the supply side is quiet than when it is actively adding 
overhead. The report frames the outlook carefully — continued stability in the 
MPI would support more balanced price action going forward, while any return 
toward the 2 threshold would warrant closer attention as a signal that miner 
behavior is shifting back toward distribution. For now, the pressure that 
caused previous corrections is absent. That is not a guarantee of further 
upside, but it removes one of the clearest historical triggers for downside. 
Related Reading: XRP Has Not Been This Illiquid Since 2021: The Setup Nobody 
Is Talking About Bitcoin Approaches Structural Inflection Point Bitcoin is 
attempting to reclaim the $74,000 level after a sharp February breakdown that 
reset market structure and flushed leverage. The selloff, marked by a high- 
volume capitulation wick into the low $60,000s, defined the current range and 
established a clear local bottom. Since then, the price has been forming a 
series of higher lows, indicating gradual buyer re-entry and stabilization. 
The recovery, however, is now testing a critical confluence zone. The 
$74,000–$75,000 region aligns with prior support turned resistance and sits 
directly beneath the declining 100-day moving average (green), while the 
200-day (red) remains significantly higher, reinforcing the broader downtrend. 
Related Reading: Ethereum Profit-Loss Indicator Is Hovering Just Below Neutral 
– The Market Waits for A Catalyst Short-term momentum is improving. The 50-day 
moving average (blue) has turned upward and is supporting price from below, 
suggesting that the current move is structurally healthier than previous 
relief rallies. However, the lack of expansion in volume compared to the 
February capitulation implies that this is still a controlled recovery rather 
than aggressive accumulation. The key variable is acceptance above $75,000. A 
sustained break would shift the structure toward a continuation phase and open 
the path toward the $80,000 region. Failure to break cleanly would likely 
result in another rejection, reinforcing the current range between roughly 
$68,000 and $75,000. Featured image from ChatGPT, chart from TradingView.com

Bitcoin Miners Are Choosing To Hold At $74K: Changing The Supply Picture

Allbirds stock explodes after the struggling shoe brand announces a $50M 
GPU‑fueled pivot into “NewBird AI,” sells its name for $39M, and rides the AI 
mania wave. Allbirds shares went vertical on Tuesday after the San 
Francisco‑based shoe maker said…

Allbirds stock rockets as shoe brand pivots to AI ‘neocloud’

Virginia Gov. Abigail Spanberger signed House Bill 798 into law April 13, 
2026, requiring crypto exchanges and custodians to transfer dormant digital 
assets to the state in their native token form rather than converting them to 
cash. Key Takeaways: Virginia Gov. Abigail Spanberger signed HB 798 on April 
13, 2026, requiring exchanges to transfer dormant […]

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