<img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5NWY2ZWYtMTQwMS03NWIwLThmYzktNmUyMzFjNjNmOGJl.jpg"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5NWY2ZWYtMTQwMS03NWIwLThmYzktNmUyMzFjNjNmOGJl.jpg" alt="Bitcoin trades at ‘40% discount’ as spot BTC ETF buying soars to $3B in one week">Key takeaways: <ul><li>Data suggests that Bitcoin currently trades at a 40% discount. </li><li>Over 36,000 Bitcoin were withdrawn from Coinbase and Binance on April 25. </li><li>Bitcoin&rsquo;s fractal pattern from Q4 2024 could propel prices above $100,000 in April. </li></ul>Bitcoin <a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="" target="_self" text="null" title="https://cointelegraph.com/bitcoin-price">(BTC)</a> is currently trading at a 40% discount to its intrinsic value, according to Capriole Investments founder Charles Edwards. In a recent post on X, Edwards <a data-ct-non-breakable="null" href="https://x.com/caprioleio/status/1915621584213000586" rel="nofollow noopener" target="_blank" text="null" title="https://x.com/caprioleio/status/1915621584213000586">highlighted </a>that since the April 2024 halving, which reduced block rewards to 3.125 BTC, Bitcoin&rsquo;s energy value&mdash;an estimate based on mining costs and energy consumption&mdash;stands at $130,000.<figure><img alt="Coinbase, Cryptocurrencies, Bitcoin Price, Markets, Binance, Price Analysis, Whale" src="https://s3.cointelegraph.com/uploads/2025-04/019670fd-9a49-75f7-b187-36c5466eebf7" title=""><figcaption style="text-align: center;">Bitcoin&rsquo;s intrinsic value based on energy consumption, and market price. Source: X.com</figcaption></figure>Recent data from <a data-ct-non-breakable="null" href="https://cryptoquant.com/asset/btc/chart/exchange-flows/exchange-netflow-total?exchange=coinbase_advanced&amp;window=DAY&amp;sma=0&amp;ema=0&amp;priceScale=log&amp;metricScale=linear&amp;chartStyle=column" rel="nofollow noopener" target="_blank" text="null" title="https://cryptoquant.com/asset/btc/chart/exchange-flows/exchange-netflow-total?exchange=coinbase_advanced&amp;window=DAY&amp;sma=0&amp;ema=0&amp;priceScale=log&amp;metricScale=linear&amp;chartStyle=column">CryptoQuant</a> indicated that over 8,756 BTC ($830 million) were withdrawn from Coinbase on April 24. Negative netflows from Coinbase could point toward institutional buying, or ETF-related purchases reflecting underlying demand. <figure><img alt="Coinbase, Cryptocurrencies, Bitcoin Price, Markets, Binance, Price Analysis, Whale" src="https://s3.cointelegraph.com/uploads/2025-04/01967170-3698-7f7c-b8ea-0c9a1979a4f3" title=""><figcaption style="text-align: center;">Bitcoin exchange netflows on Coinbase. Source: CryptoQuant</figcaption></figure>This development lines up with the spot Bitcoin ETF inflows witnessed this week. Bloomberg ETF analyst Eric Balchunas&nbsp;<a data-ct-non-breakable="null" href="https://cointelegraph.com/news/us-spot-bitcoin-etfs-consecutive-inflow-week-significant-inflows" rel="null" target="null" text="null" title="null">suggests</a> that institutions went on a $3 billion &lsquo;Bitcoin bender&rsquo; over the past few days. Binance also witnessed exchange outflows of 27,750 BTC on April 25. Alphractal founder <a data-ct-non-breakable="null" href="https://cryptoquant.com/insights/quicktake/680b8d99e889b04284441d09-27750-BTC-just-left-Binance" rel="nofollow noopener" target="_blank" text="null" title="https://cryptoquant.com/insights/quicktake/680b8d99e889b04284441d09-27750-BTC-just-left-Binance">Joao Wedson noted </a>that &ldquo;this is the third largest Bitcoin outflow in the exchange&rsquo;s history.&rdquo; Although large outflows and positive price action suggest bullish tailwinds, Wedson said they do not automatically mean a continued rally. The analyst said, <blockquote>&ldquo;In 2021, massive outflows didn&rsquo;t prevent the dump triggered by China&rsquo;s crypto ban (April&ndash;May). On the other hand, continuous outflows over several days, like during the FTX collapse, signaled a bottom and recovery.&rdquo;</blockquote><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/us-spot-bitcoin-etfs-consecutive-inflow-week-significant-inflows" rel="" target="_self" text="null" title="https://cointelegraph.com/news/us-spot-bitcoin-etfs-consecutive-inflow-week-significant-inflows">Related: Bitcoin ETFs on $3B &lsquo;bender,&rsquo; log first full week of inflows in 5 weeks</a><h2>Can this Bitcoin fractal push BTC above $100K in April?</h2>Bitcoin&rsquo;s weekly performance marks its highest return in 2025 and its most significant uptick since November 2024. Besides similar returns, the BTC price also reflects identical price action. <figure><img alt="Coinbase, Cryptocurrencies, Bitcoin Price, Markets, Binance, Price Analysis, Whale" src="https://s3.cointelegraph.com/uploads/2025-04/01967130-ea71-73d8-9a92-ae6be777aa9f" title=""><figcaption style="text-align: center;">Bitcoin 1-day chart. Source: Cointelegraph/TradingView</figcaption></figure>As illustrated in the 1-day chart, Bitcoin is consolidating at a higher range after its breakout, mirroring its behavior from Q4, 2024. (circled). After a 13% rise between Nov. 5-9, BTC posted another 15% increase during Nov. 10-11. The breakout took place during the weekend as well. Similarly, BTC prices have risen 11% between April 21-25. With the relative strength index (RSI) also exhibiting similar buying pressure, a 7-10% jump over the next few days could take BTC above $100,000. While fractal patterns may repeat, they aren't perfectly reliable. Unlike Q4, when Bitcoin entered price discovery and rallied without resistance, the current overhead resistance level at $96,100 could impede a breakout.<a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-spikes-to-7-week-highs-analyst-doubts-chances-100k-rebound" rel="" target="_self" text="null" title="https://cointelegraph.com/news/bitcoin-spikes-to-7-week-highs-analyst-doubts-chances-100k-rebound">Related: Bitcoin spikes to 7-week highs as analyst doubts chances of $100K rebound</a>This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<template data-name="subscription_form" data-type="markets_outlook" label="Subscription Form: Markets Outlook"></template>

Key takeaways: 

Data suggests that Bitcoin currently trades at a 40% discount. 

Over 36,000 Bitcoin were withdrawn from Coinbase and Binance on April 25. 

Bitcoin’s fractal pattern from Q4 2024 could propel prices above $100,000 in April. 

Bitcoin (BTC) is currently trading at a 40% discount to its intrinsic value, according to Capriole Investments founder Charles Edwards. 
In a recent post on X, Edwards highlighted that since the April 2024 halving, which reduced block rewards to 3.125 BTC, Bitcoin’s energy value—an estimate based on mining costs and energy consumption—stands at $130,000.
Bitcoin’s intrinsic value based on energy consumption, and market price. Source: X.com
Recent data from CryptoQuant indicated that over 8,756 BTC ($830 million) were withdrawn from Coinbase on April 24. Negative netflows from Coinbase could point toward institutional buying, or ETF-related purchases reflecting underlying demand. 
Bitcoin exchange netflows on Coinbase. Source: CryptoQuant
This development lines up with the spot Bitcoin ETF inflows witnessed this week. Bloomberg ETF analyst Eric Balchunas suggests that institutions went on a $3 billion ‘Bitcoin bender’ over the past few days. 
Binance also witnessed exchange outflows of 27,750 BTC on April 25. Alphractal founder Joao Wedson noted that “this is the third largest Bitcoin outflow in the exchange’s history.” Although large outflows and positive price action suggest bullish tailwinds, Wedson said they do not automatically mean a continued rally. The analyst said, 
“In 2021, massive outflows didn’t prevent the dump triggered by China’s crypto ban (April–May). On the other hand, continuous outflows over several days, like during the FTX collapse, signaled a bottom and recovery.”
Related: Bitcoin ETFs on $3B ‘bender,’ log first full week of inflows in 5 weeks
Can this Bitcoin fractal push BTC above $100K in April?
Bitcoin’s weekly performance marks its highest return in 2025 and its most significant uptick since November 2024. Besides similar returns, the BTC price also reflects identical price action. 
Bitcoin 1-day chart. Source: Cointelegraph/TradingView
As illustrated in the 1-day chart, Bitcoin is consolidating at a higher range after its breakout, mirroring its behavior from Q4, 2024. (circled). After a 13% rise between Nov. 5-9, BTC posted another 15% increase during Nov. 10-11. The breakout took place during the weekend as well. 
Similarly, BTC prices have risen 11% between April 21-25. With the relative strength index (RSI) also exhibiting similar buying pressure, a 7-10% jump over the next few days could take BTC above $100,000. 
While fractal patterns may repeat, they aren't perfectly reliable. Unlike Q4, when Bitcoin entered price discovery and rallied without resistance, the current overhead resistance level at $96,100 could impede a breakout.
Related: Bitcoin spikes to 7-week highs as analyst doubts chances of $100K rebound
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Bitcoin is trading at a 40% discount to its intrinsic value, with over 36,000 BTC withdrawn from major exchanges like Coinbase and Binance in a single day. Analysts, including Capriole Investments' Charles Edwards, suggest that Bitcoin's current fractal pattern could drive prices above $100,000, citing post-halving dynamics and strong spot BTC ETF inflows.  

Bitcoin trades at ‘40% discount’ as spot BTC ETF buying soars to $3B in one week

Ethereum is holding firm above critical support levels as bulls attempt to reclaim the $1,850 zone. Price action remains cautious, as global trade conflicts and deteriorating macroeconomic conditions continue to weigh on investor sentiment across all markets. The ongoing trade tensions between the US and China, combined with weak economic indicators, have created a challenging environment for risk assets like crypto. Related Reading: Ethereum Flips Key Resistance Into Support – Can Bulls Reclaim $2,000 Level? However, despite these headwinds, Ethereum has shown signs of resilience. Some analysts interpret the recent surge in ETH price as a positive shift that could lead to sustained upward momentum if key resistance levels are breached. Top analyst Daan recently shared insights on the ETH/BTC chart, highlighting that Ethereum had a good start last week, showing notable strength relative to Bitcoin. This move immediately pulled a broad range of altcoins higher, signaling growing risk appetite among investors. Daan emphasizes that Ethereum’s ability to retake its local range is an encouraging development, and a continued push could set the stage for a broader recovery across the altcoin sector. Ethereum Builds Momentum Ethereum is beginning to show early signs of a bullish structure forming on the lower time frames, giving hope to investors after weeks of uncertainty. Bulls are steadily working to reclaim higher resistance levels, although selling pressure remains a real threat. The battle for control is intensifying, with analysts split between two scenarios: a massive breakout toward much higher targets or a failed breakout that could send ETH below the critical $1,300 support zone. Daan shared a technical view suggesting that Ethereum had a strong start last week, regaining strength relative to Bitcoin. This move was significant because it immediately triggered strength across many altcoins, a classic signal that sentiment could be shifting across the broader crypto market. Daan explains that Ethereum has retaken its local range, a critical development. The next objective for bulls is to push ETH toward the range high and reclaim the 4-hour 200 MA and EMA. Accomplishing this would mark the beginning of a potential higher timeframe reversal, turning the tide back in favor of buyers. Daan also highlights that if ETH can continue to build momentum from here, it could ignite another strong altcoin rally, amplifying the impact across the entire market. Related Reading: SUI Shows Relative Strength Against Bitcoin – New Uptrend In Play? Price Levels To Watch Ethereum is currently trading at $1,800 after spending several hours ranging tightly between $1,850 and $1,725. Despite the uncertain macroeconomic backdrop, ETH has managed to maintain short-term strength by holding above the 4-hour 200 MA and EMA, two critical technical indicators that have acted as dynamic support throughout the recent price action. The consolidation within this range signals that bulls are defending key levels effectively, but they still need a catalyst to trigger the next significant move. Holding above the 4-hour 200 MA and EMA suggests that momentum remains in favor of buyers for now, and any push above $1,850 could open the door for a larger rally. Related Reading: Bitcoin Rally Lacks On-Chain Support – Analyst Warns Of Vanishing Network Activity However, global tensions and weakening economic indicators continue to weigh on sentiment, making next week crucial for clarity. If broader markets stabilize or Bitcoin continues its push toward new highs, Ethereum could benefit and extend its recovery. On the other hand, a failure to hold above $1,725 would expose ETH to renewed selling pressure and a potential retest of lower demand zones. For now, bulls remain in control, but vigilance is key as Ethereum approaches a pivotal moment. Featured image from Dall-E, chart from TradingView

Ethereum shows resilience by holding above key support levels, with bulls aiming for the $1,850 zone, though broader macroeconomic uncertainty and US-China trade tensions dampen risk appetite.  

Ethereum Reclaims Local Range Against BTC – Can Bulls Target The Range High?

TRON founder and prominent crypto industry figure Justin Sun has taken to the social media platform X to make optimistic claims about the future of JST (JUST), the governance token of the Just ecosystem. In a recent post, Sun declared that JST has undergone a “complete fundamental reversal,” and suggested it could become the “next [&#8230;]
The post <a href="https://cryptoslate.com/justin-sun-calls-jst-a-next-100x-token-amid-growth-of-trons-defi-ecosystem/">Justin Sun calls JST a &#8216;next 100x token&#8217; amid growth of TRON’s DeFi ecosystem</a> appeared first on <a href="https://cryptoslate.com">CryptoSlate</a>.

TRON founder and prominent crypto industry figure Justin Sun has taken to the social media platform X to make optimistic claims about the future of JST (JUST), the governance token of the Just ecosystem. In a recent post, Sun declared that JST has undergone a “complete fundamental reversal,” and suggested it could become the “next […]
The post Justin Sun calls JST a ‘next 100x token’ amid growth of TRON’s DeFi ecosystem appeared first on CryptoSlate.

TRON founder Justin Sun promotes JST as a potential "100x token" on social media, citing a "complete fundamental reversal" and growth in TRON's DeFi ecosystem.  

Justin Sun calls JST a ‘next 100x token’ amid growth of TRON’s DeFi ecosystem

Cryptocurrency prices rallied last week as U.S. President Donald Trump said, without citing examples, that trade talks with other countries were taking place. Bitcoin (BTC) jumped above $95,000 for the first time in over a month, while the market cap&#8230;

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<img width="768" height="432" src="https://static.news.bitcoin.com/wp-content/uploads/2025/04/teteths-768x432.png" class="attachment-medium_large size-medium_large wp-post-image" alt="Stablecoin Market Adds $4.58B in One Week, Nears $240B Milestone" decoding="async" style="float:left; margin:0 15px 15px 0;" srcset="https://static.news.bitcoin.com/wp-content/uploads/2025/04/teteths-300x169.png 300w, https://static.news.bitcoin.com/wp-content/uploads/2025/04/teteths-1024x576.png 1024w, https://static.news.bitcoin.com/wp-content/uploads/2025/04/teteths-768x432.png 768w, https://static.news.bitcoin.com/wp-content/uploads/2025/04/teteths-190x107.png 190w, https://static.news.bitcoin.com/wp-content/uploads/2025/04/teteths-380x214.png 380w, https://static.news.bitcoin.com/wp-content/uploads/2025/04/teteths-760x428.png 760w, https://static.news.bitcoin.com/wp-content/uploads/2025/04/teteths.png 1280w" sizes="(max-width: 768px) 100vw, 768px" />While the broader crypto market enjoyed steady gains last week, the stablecoin sector expanded notably, contributing an additional $4.581 billion to the fiat-linked crypto ecosystem. Fiat-Linked Tokens Expand Amid Market Volatility As of press time on Sunday, the stablecoin economy holds a valuation of $239.108 billion, requiring an additional $892 million to surpass the $240 [&#8230;]

While the broader crypto market enjoyed steady gains last week, the stablecoin sector expanded notably, contributing an additional $4.581 billion to the fiat-linked crypto ecosystem. Fiat-Linked Tokens Expand Amid Market Volatility As of press time on Sunday, the stablecoin economy holds a valuation of $239.108 billion, requiring an additional $892 million to surpass the $240 […]

The stablecoin market grew by $4.58 billion in a week, nearing a $240 billion valuation, as fiat-linked tokens gained traction amid broader crypto market volatility.  

Stablecoin Market Adds $4.58B in One Week, Nears $240B Milestone

The Bitcoin price is believed to have always moved in a cyclical pattern — defined by distinct periods of upward, sideways, and downward movements — since its creation. However, this cycle theory appears to be under threat, with the premier cryptocurrency seemingly moving against the trend. CryptoQuant founder Ki Young Ju, who had proclaimed that [&#8230;]

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Bitcoin's traditional price cycle theory, marked by predictable upward, sideways, and downward trends, may be breaking as the cryptocurrency deviates from historical patterns, according to CryptoQuant founder Ki Young Ju.  

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Bitcoin trades at ‘40% discount’ as spot BTC ETF buying soars to $3B in one week

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