Bitcoin Bulls Charge Ahead: Futures Liquidity Surge Signals Strong Market Confidence
Bitcoin has surged past $93,000 for the first time since early March, marking a significant milestone as bullish momentum takes hold. This price rally follows a period of consolidation and reflects renewed investor Optimism amid a more stable risk market environment. According to CryptoQuant data, the futures market has seen a substantial influx of activity, with 57,000 BTC in positions opened over the last three days—the largest liquidity surge in a year. This robust demand underscores growing confidence in Bitcoin’s upward trajectory, as traders and investors alike position themselves for further gains. The current market dynamics suggest a strong bullish sentiment, with Bitcoin poised for potential new highs in the near term.
Bitcoin Futures See Largest Liquidity Surge in a Year
Bitcoin is trading above $93,000 for the first time since early March. The surge comes as bulls reclaim control, pushing prices sharply higher after a consolidation period. The increase reflects renewed optimism among investors responding to a more stable outlook in risk markets. CryptoQuant data shows that over the last three days, positions totaling 57,000 BTC have been opened in the futures market, indicating strong demand. Bitcoin appears to be decoupling from traditional market fears, at least in the short term, amid the US-China trade conflict and speculation around interest rate cuts.
Russian Regions Seek to Ban Crypto Mining
Three new Russian regions, namely the northern part of Karelia, Penza Oblast, and some districts of Khakassia, are considering bans on crypto mining. Over a dozen Russian regions have already imposed restrictions on the activity. The energy ministry has reported the latest requests to a government commission, which will review the matter in May. Bitcoin miners in these regions are bracing for potential bans on their operations.
BTC/USD Outlook: Fresh Rally Indicates Correction May Be Over
Bitcoin has hit its highest levels since early March, following three consecutive days of strong gains. The recovery from the 2025 low of 74389 has resumed, with the daily chart now in full bullish mode. Prices have surged through the falling daily cloud and broken through the 90K barrier. Bulls are now targeting the Fibo 61.8% barrier at 96138, but may take a breather due to overbought conditions and fading bullish momentum. Solid supports are found at 91986 and below.
Bitcoin Price Surge Driven by BlackRock’s ETF Trading Volume
Bitcoin’s latest price surge has been fueled by institutional buying power. On April 23, BlackRock’s spot Bitcoin ETF (IBIT) recorded a daily trading volume of $4.2 billion, its highest ever. Over 81 million shares exchanged hands, closing at $52.08. This significant volume is a clear signal of institutional sentiment and highlights IBIT’s role as a key gateway for traditional investors entering the crypto space. Bitcoin’s price subsequently surged to $93, indicating a strong market response to the institutional interest.
Bitcoin Surpasses Alphabet to Become World’s Fifth Most Valuable Asset
Bitcoin has surged to claim the title of the world’s fifth-most valuable asset, eclipsing Alphabet Inc., Google’s parent company, with a market capitalization of $1.87 trillion as of April 23. Now, only gold, Apple, Microsoft, and Nvidia stand ahead of the cryptocurrency in global valuation rankings. The rally underscores Bitcoin’s evolving role as an independent asset class, decoupling from its historical correlation with U.S. tech stocks. While the Nasdaq 100 posted a 4.5% return in April, Bitcoin outpaced it with a 15% gain—a divergence that signals growing investor confidence in its standalone value proposition. The cryptocurrency’s ascent reflects broader institutional adoption and a shifting perception of digital assets as a legitimate store of wealth.
Bitcoin Surpasses Alphabet, Eyes Nvidia in Market Cap Race
Bitcoin has recently overtaken Google’s parent company Alphabet to become the fifth-largest asset globally by market cap. With a market cap of around $1.87 trillion, Bitcoin now stands just below Nvidia, which holds a market cap of about $2.412 trillion. The narrowing gap between Bitcoin and Nvidia has made the BTC vs Nvidia race a focal point for investors and analysts.
