John D’Agostino, Head of Strategy at Coinbase Institutional, revealed that sovereign wealth funds and institutional investors have become key drivers of bitcoin accumulation in April, contrasting with retail investors’ retreat from exchange-traded funds (ETFs). Institutional Demand and Sovereign Funds, Not Retail, Behind Bitcoin’s April Rally, D’Agostino Tells CNBC Sovereign wealth funds — state-owned investment pools […]

Sovereign Wealth Funds Bet on Bitcoin as Gold Alternative, Says Coinbase Institutional Strategist

Bitcoin is rapidly disappearing from cryptocurrency exchanges as both 
corporate treasuries and sovereign wealth funds accumulate the asset, creating 
a supply squeeze that could reshape market dynamics. Fidelity Data Shows 
Bitcoin Moving to Long-Term Holders at Record Pace Bitcoin reserves on 
cryptocurrency exchanges have plummeted to 2.6 million BTC, the lowest level 
since November 2018, […]

Fidelity Reports Record Bitcoin Exchange Withdrawals Amid Institutional Accumulation

Crypto analyst Rekt Capital has revealed that the Bitcoin price recovery could 
be at stake if it doesn’t hold above a particular level. Failure to hold this 
support level could cause the leading crypto to crash and erase all gains that 
it has enjoyed this past week. Bitcoin Price Needs To Hold Above $93,500 To 
Avoid Another Crash In an X post, Rekt Capital indicated that the Bitcoin 
price needs to hold above $93,500 to avoid another crash. He remarked that the 
downside deviation is on the cusp of ending, but BTC now needs to stabilize 
above this support level of $93,500. The analyst added that ideally, the 
leading crypto needs a weekly close above this level and reclaim it as new 
support to resynchronize with the former Reaccumulation range. Related 
Reading: Is The Bitcoin Price Top In At $109,000 Already? What The MVRV 
Z-Score Says The Bitcoin price has already rallied above $93,500 this week as 
the leading crypto decoupled from stocks, with investors viewing it as a safe 
haven amid the market uncertainty caused by Donald Trump’s tariffs. However, 
as Rekt Capital suggested, BTC now needs to hold above $93,500 to confirm this 
breakout and avoid this being another bull trap. The Bitcoin price is likely 
to reclaim the $100,000 mark and even reach new highs if it can hold above 
this crucial support level. Rekt Capital’s accompanying chart showed that BTC 
could rally to as high as $110,000, marking a new all-time high (ATH) for the 
leading crypto. Crypto analyst Ezy Bitcoin also predicted that the Bitcoin 
price could rally to as high as $166,700. He stated that the Wyckoff Re- 
accumulation phase is playing out beautifully. The analyst further remarked 
that the structure points toward continued strength with the spring confirmed 
and price jumping across the creek. Ezy Bitcoin outlined $131,500, $144,900, 
and $166,700 as the targets if this bullish momentum holds. BTC Needs One More 
Leg On The LTF To Confirm Breakout In an X post, crypto analyst CrediBULL 
Crypto stated that the Bitcoin price needs one more leg on the lower 
timeframes (LTFs) to seal the deal. If that happens, he asserted that dips are 
for buying until BTC reaches at least $150,000. His accompanying chart showed 
that the leading crypto could break above $100,000 again on this next leg up. 
Related Reading: Bitcoin Price Bullish Confirmation: What Needs To Happen For 
Next Leg Up To $130,000 However, if the Bitcoin price doesn’t record another 
leg to the upside and instead corrects below $89,000 first, CrediBULL stated 
that BTC then ends up with a 3-legged corrective structure. He added that it 
would mean that market participants have to wait longer for the “real” 
breakout. At the time of writing, the Bitcoin price is trading at around 
$92,600, down in the last 24 hours, according to data from CoinMarketCap. 
Featured image from Adobe Stock, chart from Tradingview.com

Bitcoin Price Recovery At Stake If This Level Doesn’t Hold, Crash Could Erase Gains

Tokenization platform Securitize has partnered with decentralized finance 
(DeFi) protocol Mantle to launch an institutional fund designed to earn yield 
on a diverse basket of cryptocurrencies, the companies said.
Similar to how a traditional index fund tracks a mix of stocks, the Mantle 
Index Four (MI4) Fund aims to offer investors exposure to cryptocurrencies, 
including Bitcoin (BTC), Ether (ETH), and Solana (SOL), as well as stablecoins 
tracking the US dollar, Securitize said in an April 24 announcement.
The fund also integrates liquid staking tokens &#8212; including Mantle&#8217;s mETH, 
Bybit&#8217;s bbSOL, and Ethena&#8217;s USDe &#8212; in a bid to enhance returns with onchain 
yield, according to the announcement.
The launch comes as retail and institutions alike increase exposure to 
cryptocurrencies, particularly Bitcoin, as a hedge amid escalating 
macroeconomic uncertainty.
_Mantle &#8216;s mETH yields 3.78%. Source: __DeFILlama_
## &#8216;S&amp;P 500 of crypto&#8217;
The market capitalization-weighted index fund aspires to &#8220;become the de facto 
SPX or S&amp;P 500 of crypto,&#8221; Timothy Chen, Mantle&#8217;s global head of strategy, 
said in a statement. 
The company offers institutions a way to generate yield from digital assets. 
One of its liquid staking products, Mantle Staked Ether (mETH), yields holders 
approximately 3.78% APR as of April 24, according to data from DefiLlama. The 
protocol has more than $680 million in total value locked (TVL).
_Securitize is the most popular institutional tokenization platform. 
Source:__RWA.xyz_
Securitize is one of the most popular platforms for tokenizing real-world 
assets (RWAs) for institutions, with approximately 71% of market share as of 
April 24, according to data from RWA.xyz. Its largest affiliated fund &#8212; 
BlackRock Institutional Digital Liquidity Fund (BUILD) &#8212; has more than $2.5 
billion in net assets.
In March, Securitize co-founder and CEO Carlos Domingo told Cointelegraph that 
demand for tokenized funds is accelerating as &#8220;[i]nstitutional investors, 
private equity firms, and credit managers [turn] to tokenization to enhance 
efficiency, reduce operational friction, and improve liquidity.&#8221;
_**Magazine: **__**What are native rollups? Full guide to Ethereum &#8216;s latest 
innovation**_

Securitize, Mantle launch institutional crypto fund

Crypto market consolidates after a rally earlier this week, Bitcoin’s return 
above the $94,000 supported the sentiment of traders. While most altcoins 
suffered a pullback in the market-wide correction, three tokens could yield 
gains for holders in the coming weeks- Dogecoin, Solana and ONDO.

Top three altcoins to buy instead of XRP in the dip- Dogecoin, Solana and ONDO

U.S. stocks closed higher Thursday, driven by strong gains in megacap tech 
companies as investors parsed mixed signals on global trade policy from the 
White House and Beijing. The Nasdaq Composite climbed 2.74%, while the S&amp;P 500 
added 2.03%. The…