Lower bitcoin ETF fees are accelerating competition and pressuring margins as 
Morgan Stanley undercuts rivals, signaling a potential reshaping of investor 
flows and pricing dynamics across digital asset markets. Key Takeaways: Morgan 
Stanley launched MSBT with a 0.14% fee, undercutting Blackrock IBIT and 
escalating a bitcoin ETF fee war. Bloomberg analyst says the fee war […]

Morgan Stanley Low-Fee Bitcoin ETF Sparks Fee War Across Issuers, Analyst Says

Render price is up 3.55% on April 9 as a W pattern develops across the daily 
chart, with the Supertrend flipping green and the MACD histogram turning 
positive for the first time in months. The $2.646 resistance is the pattern…

Can Render price rally to $2.64 as a W pattern takes shape on the daily chart?

Ethereum is trading above $2,200. The recovery is real. And a CryptoQuant 
report has identified the structural event that made it possible — one that 
most participants were reading as a danger signal at the time it occurred. 
Related Reading: Aave Breakdown Deepens With Supply Flooding Back To Binance. 
Learn What Triggered The Rush The report traces the current price strength to 
a single, measurable development in February: Binance&#8217;s ETH Open Interest 
30-day Change fell to approximately -$2.13 billion in mid-February 2026 — the 
deepest deleveraging event since October 2025, when the metric reached a 
comparable -$2.11 billion. At the time, that reading looked like confirmation 
of further downside. The chart was falling. Leverage was being violently 
removed. The market appeared to be breaking. The distinction matters because 
of what followed in October 2025. When Binance recorded a comparable leverage 
flush at -$2.11 billion, Ethereum did not extend its decline — it stabilized 
and recovered. The deleveraging event that looked like a continuation signal 
was actually a cleanup event: speculative excess removed, liquidation pressure 
reduced, structural foundation strengthened. February 2026 produced the same 
reading. Ethereum held above $1,800 instead of extending lower. The recovery 
above $2,200 is what came after. The mechanism behind it is what the report 
has now confirmed. The Price Held. The Leverage Did Not The report&#8217;s core 
analytical observation rests on a specific divergence between what the open 
interest data showed and what the price did in response. When Binance&#8217;s ETH 
open interest fell by $2.13 billion, the expected outcome — given the speed 
and scale of the deleveraging — was a comparable collapse in price. Instead, 
Ethereum stabilized around $1,800. The price held while the leverage did not. 
That divergence is the signal. When open interest drops aggressively without a 
proportional price decline, it typically means one thing: the leverage being 
removed was speculative excess, not genuine demand. The forced exits cleared 
the market of positions that would have amplified further downside. The 
holders who remained were not leveraged longs waiting to be liquidated — they 
were participants with enough conviction to absorb the selling without 
flinching. Related Reading: XRP Longs Keep Getting Crushed On Binance – Here 
Is What That Imbalance Signals The report is precise about the consequences. 
The leverage reset on Binance most likely reduced the liquidation pressure 
that had been overhanging the market since the cycle peak. Without that 
overhead, the path to stabilization became shorter. Without the speculative 
excess, the recovery that followed had a cleaner structural foundation to 
build on. Ethereum above $2,200 is not simply a price recovery. It is the 
output of a market that absorbed its worst deleveraging event in months, held 
its ground, and rebuilt from a base that the cleanup made structurally more 
durable than the one that existed before it. Ethereum Price Stabilizes Below 
Key Moving Averages Ethereum is attempting to stabilize after a sharp 
breakdown that defined the February leg lower. The chart shows a clear shift 
in structure: a prolonged downtrend from late 2025 transitioned into a high- 
volume capitulation event, followed by a compression phase just above the 
$2,000 level. That level is now acting as short-term support, with buyers 
repeatedly stepping in to defend it. However, the broader trend remains 
fragile. ETH is still trading below its 50-day (blue), 100-day (green), and 
200-day (red) moving averages, all of which are sloping downward. This 
alignment reflects sustained bearish control across multiple timeframes. 
Notably, the recent bounce toward $2,200 has failed to reclaim the 50-day 
average decisively, suggesting that momentum remains weak. Related Reading: A 
Key Bitcoin Signal Is Quietly Building While The Price Stays Flat: Here Is 
What to Watch Next Volume also provides important context. The spike during 
the February sell-off indicates forced liquidations rather than organic 
selling, which typically marks exhaustion. Since then, declining volume during 
consolidation suggests reduced participation, not yet renewed demand. 
Structurally, ETH is forming a base, but not a reversal. A confirmed shift 
would require reclaiming the $2,400–$2,600 region, where the 100-day average 
currently sits. Until then, this remains a recovery attempt within a broader 
downtrend. Featured image from ChatGPT, chart from TradingView.com

Ethereum’s $2.1B Leverage Flush Was Not a Breakdown Signal: Here Is What It Actually Was

The US inflation reading the market has been dreading arrives Friday morning 
when the Bureau of Labor Statistics releases the March Consumer Price Index at 
8:30 AM ET, with economists widely forecasting it will be the hottest monthly 
inflation print…

US Inflation News: Tomorrow’s March CPI Report Is Expected to Be the Worst in Almost Two Years and Here Is What to Watch Before It Drops

Italy&#8217;s outgoing football federation president, Gabriele Gravina, who resigned 
after the national team&#8217;s failure to qualify for the World Cup for the third 
time in a row, has called for repealing the country&#8217;s blanket ban on gambling 
advertising and redirecting betting revenue into youth development, arguing in 
an 11-page report that 2019 restriction has failed […]

Cryptocurrency price in ZAR