Solana is currently struggling to reclaim a key point of control within its trading range, leading to a weak rejection and signs of bearish compression. As the price remains below this critical volume zone, it opens up the possibility of…

Solana liquidity grab below $90 coming first or a reclaim of point of control resistance?

Data shows the Bitcoin Net Taker Volume has been highly positive on Binance 
recently, a sign that the bulls are putting up aggressive bets. Bitcoin 
Binance Net Taker Volume Is Currently At A Notable Positive Level As explained 
by CryptoQuant community analyst Maartunn in a new post on X, Bitcoin taker 
buyers have dominated the Binance platform during the last few days. The 
indicator of relevance here is the &#8220;Net Taker Volume,&#8221; which measures the 
difference between the taker buyer and taker seller volume on any given 
centralized exchange. When the indicator has a positive value, it means the 
taker buyers are outweighing the taker sellers on the platform. This kind of 
trend implies a bullish sentiment is shared by the majority of the users. 
Related Reading: Behind The Mantra (OM) Collapse: Glassnode Reveals The On- 
Chain Side Of Things On the other hand, the metric being under the zero mark 
suggests a bearish mentality is dominant on the exchange as the short volume 
is larger than the long volume. Now, below is the chart shared by the analyst 
that shows the trend in the 7-hour moving average (MA) Bitcoin Net Taker 
Volume for the largest exchange in the cryptocurrency sector: Binance. As 
displayed in the above graph, the Bitcoin Net Taker Volume has mostly remained 
inside the positive territory since April 11th. The metric&#8217;s green values 
haven&#8217;t been small, either, which suggests the futures users have been placing 
some aggressive bullish bets on the platform. The shift toward the positive 
sentiment on the exchange has come as BTC has been making recovery following 
the news of the 90-day pause on the tariffs for most countries. Historically, 
Bitcoin has tended to move in the direction that the crowd least expects, so 
this bullish mood may actually prove to be a bad sign for the recovery rally. 
It only remains to be seen, though, whether a top would now be hit or if the 
bet of these investors would pay off. In some other news, the 30-day of the 
Bitcoin Market Value to Realized Value (MVRV) Ratio has hit the lowest level 
in six months, as an analyst has pointed out in a CryptoQuant Quicktake post. 
The MVRV Ratio is an indicator that basically tells us about the profit-loss 
status of the Bitcoin investors. From the chart, it&#8217;s apparent that the 30-day 
value of this metric has plunged recently, suggesting holder profitability has 
declined. Related Reading: Cardano Could Drop To $0.54 If This Support Gives 
Out, Analyst Says The same level as now was also reached at a couple of points 
last year and BTC formed a bottom during both of those instances. As such, 
it&#8217;s possible that this trend could once again prove to be bullish for the 
cryptocurrency. BTC Price At the time of writing, Bitcoin is floating around 
$85,800, up more than 8% in the last seven days. Featured image from Dall-E, 
CryptoQuant.com, chart from TradingView.com

Bitcoin Bulls Positioning Aggressively On Binance, Data Shows

After a $500 million settlement with the Department of Justice earlier this 
year, OKX crypto exchange has formally resumed operations in the U.S. The 
relaunch was announced via press release on Apr. 15, which stated that it 
includes the release…

OKX re-launches in the U.S. with a new crypto exchange and self-custody wallet

Semler Scientific is ramping up its bitcoin strategy with a $500 million 
securities offering and a new loan agreement with Coinbase. Public medial 
device maker Semler Scientific has filed a registration statement with the 
U.S. Securities and Exchange Commission to…

Semler Scientific aims to raise $500m for Bitcoin, taps Coinbase for crypto-backed loans

Alchemy Pay has partnered with Ethena Labs to enable direct fiat purchases of 
USDe and ENA using regular payment methods. Alchemy Pay, a Singapore-based 
fiat-to-crypto payments provider, has partnered with Ethena (ENA) to enable 
users to buy Ethena’s synthetic stablecoin…

Ethena Labs teams up with Alchemy Pay to enable fiat on-ramps for USDe and ENA

Cryptocurrency scammers hijacked the X account of UK member of parliament Lucy 
Powell to hype up a scam token and dump it on unsuspecting traders. On April 
15, Powell, who is the Leader of the House of Commons, appeared to…