Gate News update, April 21, according to Gate market data, as of the time of writing, HELLO (HELLO Labs) is trading at $0.00317. Within the past 24 hours, it has risen 86.31%, reaching a high of $0.00348 and a low of $0.00176. The 24-hour trading volume is $64.4k. The current market cap is approximately $1.6864 million. HELLO Labs is the future of cryptocurrency and entertainment— a Web3-native ecosystem that supports incubating, producing, funding, and releasing original programs, games, and NFTs. The $HELLO token is at the core of the Web3 ecosystem. $HELLO is used to access exclusive content, play games, and buy NFTs in the HELLO marketplace. This news is not investment advice; investment involves risks and you must consider market volatility.

US software company Strategy purchased $2.54 billion in bitcoin, primarily funded by preferred share sales, marking its largest weekly acquisition since November 2024. It now holds $61 billion in bitcoin and plans to increase dividend payments to stabilize share price.

From 07:15 to 07:30 on April 20, 2026 (UTC), BTC achieved a +0.56% short-term return in mainstream markets. The price range touched 74718.5 - 75568.1 USDT, and the 15-minute intraday swing reached 1.14%. In this phase, market attention warmed up, trading activity rose noticeably, and overall volatility increased. The main driver behind this deviation is that for mainstream trading pairs such as BTC/USDT, the 15-minute trading volume increased month-over-month to +15%, forming a buy-side dominant pattern that pushed spot prices upward to break higher. Inflows directly drove the short-term upside. On-chain data shows that large BTC transfers were dispatched to new wallets in a structured, staged manner, with no concentrated sell pressure flowing to trading platforms. This releases a rebalancing signal rather than a sell signal, which helps ease short-term sell pressure. The chain

2026-04-20 07:15 to 07:30 (UTC), ETH’s short-term return reached +1.22%. The price range spanned from 2285.19 to 2332.62 USDT, with a 2.07% amplitude. During this period, market attention heated up, volatility noticeably intensified. On-chain transaction volume rose in tandem, and key mainstream on-chain activity indicators expanded significantly on a month-over-month basis. The primary driver of this deviation was an increase in transaction activity related to DeFi protocols, which boosted the share of on-chain Gas consumption. At the same time, total on-chain transaction volume saw a sharp surge in a short time. DeFi scenarios such as decentralized exchanges and lending protocols led to a direct surge in demand for ETH, driving funds to flow quickly into the market. In addition, the average Gas fees and Gas prices on the ETH network continued to climb in this window, further validating that high-frequency trading and active capital were accelerating into the market and strengthening short-term bullish sentiment. Second, on-chain data also showed an expansion in liquidity related to stablecoins and ERC20 assets, strengthening market buy-side power. Although historical large-wallets such as Wilcke still held a large amount of ETH after early March, this cycle did not trigger abnormal transfers or large-scale sell-offs. Meanwhile, the positioning structure of mainstream ETH did not show passive deleveraging or concentrated liquidation. Under the combined effects of multiple factors, global buy-side demand was amplified, and short-term ETH volatility was further elevated. Be alert to the risk of capital sustainability after a surge in high-frequency trading volume and Gas fees. If subsequent incremental buying is lacking or on-chain attention cools down, ETH may face short-term pullback pressure. Monitor changes in large-holder positions, any abnormal shifts in network fees, and liquidity volatility on the DeFi protocol chain. While there have been no signs of security incidents involving major contracts and protocols so far, short-term liquidity disturbances still need close observation. Keep monitoring fund flows and on-chain structure to stay informed about subsequent market changes.

2026-04-20 06:30 to 2026-04-20 06:45 (UTC), the BTC price recorded a +0.58% return rate. The candlestick range was 74347.7 to 74898.0 USDT, with an amplitude of 0.74%. During this period, market attention increased because large orders and on-chain capital flow showed abnormal fluctuations, resulting in a higher overall volatility. The main driver behind this anomalous move is whale entities concentrating large withdrawals and transfers targeting exchanges. Over the past 24 hours, the total reached 3,824 BTC, directly reducing the exchange’s BTC liquidity and bringing increased buy pressure to the spot market. On-chain data shows that the value of large transfers per transaction exceeding 1 million US dollars rose significantly during this window. As exchange immediate liquidity contracted, it pushed the BTC price upward in the short term. In addition, the derivatives market’s positioning structure changed: total futures open interest (OI) fell, and some defensive options positions shifted toward spot buying, further strengthening upside momentum. Second, overall market liquidity remains in a fragile range. Order book data shows that large market buy orders were heavily concentrated, and buy-side depth increased noticeably. Meanwhile, in the same period, market Mempool activity and on-chain transaction fees were at low levels, and trading activity declined—making the impact of large single transfers and buy orders on price more pronounced. At the same time, leveraged funds leaving the derivatives market and options’ “maximum pain” strike price being below the spot price increased the spot market’s sensitivity to volatility. With multiple factors converging, the short-term upward price impulse was amplified. Currently, market liquidity risk is rising, and in the short term the price is dominated by large buy orders in the order book and on-chain whale liquidity. Traders should continue to monitor the direction of whale capital flows and changes in exchange reserves, and be alert to possible price pullbacks caused by capital returning. At the same time, the key support range (72,000–74,000 USDT), order book depth, and derivatives positioning structure remain the core monitoring indicators for near-term volatility. Investors should be mindful of the risks stemming from fragile short-term liquidity and keep an eye on more real-time market developments.

Between 07:15 and 07:30 (UTC) on 2026-04-19, the ETH spot price fluctuated in the 2298.13 to 2322.69 USDT range, with an amplitude of 1.06% and a return of -0.76%. During this period, market attention increased; the sharp drop in price triggered widespread user focus, along with a clear surge in trading volume within a short time, indicating a sudden escalation in liquidity pressure. The main driver behind this deviation is that on-chain whale accounts actively sold ETH to repay DeFi platform borrowings in order to avoid forced liquidation. Based on on-chain tracking and fund-flow monitoring, from April 18 to 19, more than 42,000 ETH per-transaction large transfers were rapidly sent into a certain mainstream exchange, and at the same time there was a sharp spike in net inflows to the exchange. This concentrated sell pressure directly weakened spot market prices. Under proactive deleveraging behavior, selling pressure was released in the short term, creating a sudden market shock. In addition, during the period of price deviation, the ETH derivatives market saw a significant rise in passive liquidation volume, especially as leveraged long positions encountered strong liquidations during the price decline, further increasing supply pressure in the spot market. Meanwhile, ETH spot ETF funds continued to see net outflows; in mid-April, there were multiple days with single-day outflows exceeding $40-50M, with the largest single day reaching $200M. This reflects a warming of short-term institutional risk-avoidance sentiment, which led to a deeper shift downward in buy-side liquidity depth. The launch of a new public chain ecosystem also attracted some ETH liquidity migration, further weakening the capital protection layer of the mainnet. Multiple structural feedback effects amplified the downside move. At present, leverage risk in the ETH market remains prominent. Some whales still have large borrowings outstanding; if the price continues to move downward, potential liquidation risks may flare up again. ETF fund flows, on-chain large transfers, and capital-attraction moves tied to the new-chain ecosystem all need close monitoring. With increased short-term volatility risk, it is recommended to watch key support zones, exchange net inflow indicators, and DeFi on-chain liquidation dynamics in order to promptly grasp the latest market signals.

From 14:30 to 14:45 (UTC) on 2026-04-17, the Bitcoin (BTC) market saw clear signs of abnormal movement. The 15-minute candlestick return reached +0.69%, with the price ranging from 77455.4 to 78044.4 USDT and an amplitude of 0.76%. Short-term fluctuations increased market attention, trading volume expanded in parallel, and liquidity improved further. The main driver behind this abnormal move was a clear strengthening of spot-market buy-side demand. According to on-chain and statistical data, from 14:00 to 15:00, BTC spot buys had the upper hand. Massive buy orders continued to push the price higher, while whale addresses (≥10,000 BTC holdings) were actively net-buying during this period. The inflow of large on-chain funds directly drove spot prices higher. In addition, CME Bitcoin futures open interest increased by 70%, yet there was no large-scale liquidation or forced selling, indicating that institutional capital was returning in an orderly manner and that futures leverage did not become the dominant source of pressure. The leading force behind this upswing came from the spot market, and any wait-and-see sentiment caused by shrinking ETF flows did not suppress short-term prices. Meanwhile, on-chain data shows that network activity has continued to rise, and the distribution of holdings is becoming more concentrated. In the short term, the coordinated effect of whales and newly onboarded users amplified price elasticity. Benefiting from an increase in macro risk appetite in mid-April—along with dovish signals from the Bank of Japan coinciding with easing geopolitical tensions—BTC’s attractiveness as a risk asset improved, and investors’ risk appetite strengthened. In addition, although ETF net inflows fell to $4.2 million, there were no large outflows, providing bottom support for spot. Multiple factors converged to drive BTC’s short-term rebound within the 15-minute window. It is worth noting that the SOPR data for short-term holders shows that some short-term capital is currently trading at a loss; if the price pulls back, there may be a risk of additional downside. Changes in institutional capital driven by shrinking ETF flows are also a potential trigger for volatility. The return of leveraged funds to the futures market is also worth watching. Investors should closely monitor key support levels, the movements of actively circulating on-chain funds, and changes in macro news, so they can grasp the market’s timing and stay up to date with more real-time market information.

During the period from 12:45 to 13:00 (UTC) on 2026-04-17, the ETH price recorded a +0.65% return, closing in the 2355.76 - 2382.28 USDT range, with a 15-minute amplitude of 1.13%. During this time, market attention rose rapidly, on-chain and derivatives trading activity increased significantly, and short-term volatility intensified. The main driving force behind this unusual move is that the net exchange fund inflow-outflow phenomenon has been amplified. On-chain data show that within 10 minutes, approximately $420,000 worth of ETH was continuously transferred out of trading platforms, reflecting a significantly stronger investor willingness to hold tokens,

2026-04-17 12:45 to 2026-04-17 13:00 (UTC), the BTC price fluctuated within the 75720.6 to 76256.6 USDT range, and the return rate within 15 minutes reached +0.64%, with a range of 0.71%. During this period, market attention stayed high, trading activity increased, short-term volatility intensified, reflecting a rapid market move driven by concentrated capital. The main driving force behind this anomaly is that the long-position structure has been significantly amplified on coin-margined perpetual contracts, along with rapid inflows of funds into the long direction. Data shows that in the 12:45–13:00 window, the long contract positions for BTC surged from 8M to 11.4M, accounting for 57% to 77%. Short-term long funds concentrated into the market, and buy-side strength rose markedly, forming a direct impetus for price upside. At the same time, net inflows of ETF funds in the spot market increased, with holdings in major ETF products rising; institutional buying became more active, and the coordination strengthened spot price support. In addition, on-chain active addresses remained at a high level, trading volume expanded significantly, and BTC net inflows on mainstream trading platforms on April 17 also rose—together indicating increased market participation. Meanwhile, BTC broke through a key historical price range ($75,000), and technical buying as well as momentum-chasing funds entered in line with the move. Besides structural factors, global macro environmental risks remain elevated. Some capital is inclined toward BTC as a safe haven, and in the short term, multiple factors have converged, jointly pushing up the market’s volatility. In the near term, with the share of long positions and trading volume rising, if there is an unexpected news event or a reversal in sentiment, it is likely to trigger a rapid pullback. Key risk focus points include: changes in capital flows on mainstream trading platforms, the strength of support in the $75,000 range, and how macro events evolve. Users should be alert to short-term risks during periods of high volatility, monitor key on-chain and macro indicators in real time, and stay on top of more market updates.

A South Korean exchange will list the SOON token on April 17, 2026, with trading pairs against the won. Launch restrictions include no buy orders for five minutes and limited sell orders. SOON aims to enhance blockchain interoperability and offers various use cases.