CryptoQuant analyst Darkfost says the Bitcoin market is entering an early stabilization phase, with stronger long-term holding behavior. The amount of BTC held for more than a year has increased, and investors are more inclined to hold than to distribute. This suggests the market is transitioning toward long-term conviction; the current trend is viewed as an early stability signal, but it needs longer-term confirmation.

North Korean hackers’ attacks against the cryptocurrency industry continue to escalate, becoming an important source of funding for maintaining their military budget. Experts say that, unlike hackers from other countries, North Korea relies more heavily on crypto theft; its tactics have evolved into precision takeover—long-term infiltration that is difficult to effectively defend against—posing a serious threat to the industry.

Gate News message: On April 12, RAVE briefly surged more than 40%, reaching a high of $2.97 and currently trading at $2.4.

Gate News message, April 12, in the past 24 hours total liquidations across the market reached $231 million. Of this, long liquidations were about $142 million, and short liquidations were about $88.3557 million. By coin, Bitcoin liquidations were about $72.2491 million, and Ethereum liquidations were about $63.7792 million.

From 01:30 to 01:45 (UTC) on 2026-04-12, the BTC price saw significant volatility within the 71,560.0–73,017.1 USDT range. The candlestick return rate recorded -1.75%, and the amplitude reached 2.00%. During this period, market attention increased, the trading atmosphere clearly became more cautious, and heightened volatility triggered short-term capital vigilance. The primary driving force behind this unusual move is the continued deterioration of liquidity in the derivatives market: CME futures open interest fell to a 14-month low, and institutional arbitrage capital accelerated its withdrawal. Futures trading volume trended lower over the long run, and arbitrage basis compression caused the market to deepen in…

Gate News update: On April 11, according to Lookonchain monitoring, trader 0x082e went long HYPE 5x with an average entry price of $38.68 four months ago, holding 1.38 million HYPE (worth $58.4 million), making them the largest on-chain HYPE long. This trader is currently up more than $5 million, but has already paid $2 million in funding fees.

Gate News update: On April 11, according to Bloomberg TV, most Wall Street analysts expect Michael Saylor’s MSTR (MicroStrategy) stock price to more than double this year. Most analysts maintain a Buy rating and say it is the world’s most undervalued company.

Gate News message: On April 11, according to Lookonchain monitoring, Arthur Hayes bought another 26,022 HYPE tokens (about $1.1 million) today. This is his first add-on position in nearly 3 months. At the moment, Arthur Hayes holds a total of 247,334 HYPE tokens (about $10.44 million), with an unrealized profit of over $2.5 million.

After the Kingdom of Bhutan sold 70% of its Bitcoin holdings, it may have stopped or slowed Bitcoin mining, and due to economic pressure it has used more hydropower for exports to India. By contrast, El Salvador has been increasing its Bitcoin holdings.

A major cryptocurrency exchange’s market value has fallen by more than 50%, it has laid off 30% of its staff, and it is considering asking the founders to forgive several hundred million dollars in loans. It lost $585 million last year, plans to exit multiple markets, and senior executives have stepped down. The Winklevoss brothers have not yet said whether they support the proposal.