Gate News message: On April 11, according to a certain CEX price feed, BTC broke through 73,000 USDT, and is currently quoted at 73,024.4 USDT, up 0.48% over the past 24 hours.

Gate News message: On April 11, according to monitoring by Onchain Lens, BlackRock withdrew 2,700 BTC (worth $196.87 million) and 30,000 ETH (worth $67.42 million) from a certain CEX.

Bitmine chairman Tom Lee said on the X platform that although there are still doubts in the market, there are signs that the bottom has already formed. He is bullish on Ethereum and related assets and believes crypto is a wartime value-preservation tool. Risk assets may rebound, but it’s important to watch whether the macroeconomic environment and geopolitical situation remain stable.

DWF Labs co-founder Andrei Grachev said the market is currently in a “very boring” phase, with genuinely valuable activity taking place quietly. He advised investors to stay patient, wait for better timing, and noted that retail investors should respond rationally to market volatility—continue learning and staying engaged.

Gate News message, on April 11, BTC analyst Killa posted that when comparing all prior Bitcoin cycles, each cycle includes a final selloff that ends with a capitulation-style bottom. In this cycle, the time when the peak occurred was earlier than in previous cycles. Killa noted that if history repeats itself, BTC may still see another wave of declines before a true bottom is established.

2026-04-11 13:00 to 13:15 (UTC), BTC recorded a short-term return of -0.45%, with a price range of 72526.3 to 72935.7 USDT, and the 15-minute swing amplitude was 0.56%. Overall market attention remains at a high level. Volatility is not extremely elevated, but downward pressure is clear, and disagreement between long and short positions in the short term has intensified. The main driving force behind this abnormal move is active sell pressure in the spot market. During this period, the combined total trading volume of the spot market and perpetual futures increased month-over-month by about 12%. Order book data shows a slight rise in resting sell orders, faster cancellations of buy orders, and short-term liquidity tightening, triggering

Amid the impact of the U.S.-Iran geopolitical conflict, the Bitcoin market has diverged: institutional investors continue to accumulate Bitcoin, while whales, mining firms, and some countries are reducing their holdings. Data shows that large holders have shifted to net selling, mining firms’ sell-offs have been significant, and sovereign holders have also clearly cut exposure. Despite muted market sentiment, the price of Bitcoin has held in the $65k to $73k range, and its future direction will depend on continued inflows of institutional capital.

Chicago Mercantile Exchange bitcoin futures open interest fell to a 14-month low. Driven by the unwinding of basis trades, institutions are leaning toward directly holding spot, and the leverage level in the futures market has dropped significantly.

Gate News message. On April 11, Strategy's Stretch (STRC) has, to date this week, raised enough funds to purchase 8,000 BTC. It is estimated that STRC may hold 10,000 BTC by the end of this week.

Recently, small-cap altcoins have been seeing frequent surges and crashes amid easing tensions between the U.S. and Iran and a period of Bitcoin trading sideways, drawing in high-risk investors. In this kind of coin, ownership is highly concentrated and insiders control the market, with high volumes in daily futures contracts. Some people believe this high volatility attracts liquidity, but some investors are also concerned that there is no fundamental support, so trading should be done cautiously.