U.S. spot Bitcoin $BTC ETFs saw a combined net outflow of $125 million on April 8, according to SoSoValue. @BlackRock's IBIT was the outlier, posting $40.38 million in net inflows. Spot Ethereum $ETH ETFs also ended the day in the red, recording $18.63 million in net outflows. BlackRock's Staked ETH ETF, ETHB, reported $44.23 million of inflows.

Arkham data indicates the Royal Government of Bhutan has transferred an additional 319.7 BTC, valued at about $22.68 million.

The Royal Government of #Bhutan transferred another 319.7 $BTC, worth about $22.68 million, around an hour ago. Since Oct. 28, 2024, Bhutan's bitcoin holdings have fallen from 13,000 $BTC to 3,954 $BTC, implying sales of more than 9,000 $BTC—roughly $640 million.

Huo Xing Finance reported that on April 9, Bitcoin jumped 6% in four hours after a global equity rally followed a two-week ceasefire agreement between the U.S. and Iran. The move wiped out about $280 million in Bitcoin short positions. Derivatives data show open interest rose 2.5% to 593,930 BTC, but overall positioning and sentiment remained largely unchanged, suggesting limited follow-through from bulls and no clear sign that short sellers are scrambling to cover. Inflation concerns also remain in the background. Brent crude has held near $95 a barrel, up from above $72 at the end of February. With the ceasefire limited to two weeks and far from a durable resolution, a pullback in Bitcoin toward $68,000 is still on the table, according to Cointelegraph.

AiCoin data show U.S. spot Bitcoin ETFs recorded a net outflow of $93.9 million yesterday. FBTC posted the largest single-day redemption at $79.1 million, while ARKB saw net outflows of $74.7 million. AiCoin's live "Spot BTC ETF Tracking" strategy indicates ETF flow trends have a strong positive correlation with BTC price moves. Users can subscribe to the signal to set up automated trades based on fund-flow momentum. For reference only.

Hyperinsight data on April 9 showed that a whale wallet beginning with 0xe84 opened a short-term 40x leveraged long position in BTC valued at $3.55 million. The position was entered at an average price of $70,965, with a liquidation level at $69,226. The wallet also placed a sell order worth about $1.94 million at $70,800 to lock in partial profits.

South Korea's Bithumb is seeking legal action after a major payout error during a Feb. 6 promotional event, Chosun Ilbo reported. The exchange mistakenly credited users with 620,000 bitcoin instead of 620,000 Korean won. Bithumb moved quickly to reverse the transfers, but some recipients had already sold the bitcoin or swapped it into other assets. The exchange said bitcoin worth 12.3 billion Korean won could not be recovered in time. Following negotiations, Bithumb has retrieved most of the funds, but 7 BTC, valued at about $490,000, remains outstanding. The company has started asset preservation procedures and is preparing to file civil lawsuits against users who have not returned the bitcoin.

BTC's overnight dip appeared well telegraphed by large players positioning in advance. Data indicates sustained short building between $71,650 and $72,800, taking total short exposure to $234 million, including a single $142 million block. As BTC weakened, those shorts were covered in two concentrated bursts: ▸ Below $71,300: $148 million covered → price rebounded ▸ Below $70,850: $78.61 million covered → price rebounded again In effect, large players sold short into the decline and bought back on the bounce—moves PRO says it tracked in real time. PRO data now shows a fresh large order of more than $90 million sitting about 0.75% above the current price, marking a potential near-term target area. Source: AiCoin PRO's "Major Order Tracking" indicator, which monitors large-player accumulation and liquidation levels in real time to help identify key short-term zones early.

Author: ChainThink Key takeaways (last 24 hours) - U.S. equities staged a powerful relief rally: the Dow jumped 1,325 points and the S&P 500 climbed back above its 200-day moving average. - Crude saw a violent reversal: WTI tumbled more than 16% in a day, the steepest drop since April 2020. - Bitcoin moved above $71,000, forcing markets to revisit the narrative that lower oil prices open a clearer path to future rate cuts. - Fed March meeting minutes showed more officials were willing to flag that the next move could be a hike, not a cut. - Morgan Stanley's spot Bitcoin ETF drew about $34 million of net inflows on its first trading day. - The Strait of Hormuz shut again, tankers turned back, and the ceasefire outlook became uncertain once more. I. Markets U.S. stocks surged; cyclicals led Ceasefire expectations fueled broad-based buying on Wednesday. The Dow Jones Industrial Average rose 1,325 points, or 2.85%, to 47,909.92, its biggest one-day gain since the April "Liberation Day" rally last year. The S&P 500 added 2.51% to 6,782.83, reclaiming its 200-day moving average. The Nasdaq gained 2.80% and the Russell 2000 advanced 2.97%. Airlines, travel, homebuilders, and semiconductors outperformed as traders leaned into the "oil plunges → recession risk eases → risk appetite returns" playbook. The Fed's inflation caution, though, has not faded. WTI collapses; war premium unwinds, then risks reprice Oil sold off sharply after the ceasefire announcement. WTI fell more than 16% to $94.41 a barrel on Wednesday; Brent dropped about 13% to $94.75. From Tuesday's intraday high of $115.80, WTI erased more than $21 in under 24 hours. Early trading reflected bets on a reopening of the Strait of Hormuz, fewer supply disruptions, and a rapid unwind of the war premium. Later, delays in shipping normalization and conflicting messaging from Iran and the U.S. on ceasefire terms pushed prices higher after hours, signaling supply risk remains unresolved. Gold jumps with the weaker-dollar, lower-rates trade Despite a temporary easing in Middle East tensions, gold rose roughly 2.5%–2.8% on Wednesday to around $4,800–$4,820 an ounce. Silver surged about 7%. Markets did not treat the ceasefire as a simple risk-off unwind; positioning pivoted quickly toward a macro mix of a softer dollar, oil-driven disinflation expectations, and renewed rate-cut hopes. The U.S. dollar index logged its third-largest intraday drop of the year, lifting dollar-priced metals. Mining shares also strengthened, pointing to more than a short-lived haven bid. Bitcoin holds above $71,000 Crypto extended gains on ceasefire hopes. Bitcoin stayed above $71,000 and briefly hit a three-week high near $72,700. Ethereum held above $2,200, rebounding more than 7% from Tuesday's low. The dominant macro linkage has been that falling oil prices reduce inflation pressure and revive expectations for Fed cuts in 2026. Crypto-linked equities such as Strategy and Circle outpaced Bitcoin. Fed minutes, though, kept the door open to further hikes, leaving Bitcoin's ability to sustain higher levels dependent on upcoming inflation data. II. Macro & geopolitics Hormuz closes again; tankers turn back CCTV News and Iranian media reported the Strait of Hormuz closed again at dawn on April 9. The oil tanker "AUROURA," which had been heading toward the exit, turned back near Oman, while many other vessels remained stranded nearby. Iran had previously halted tanker transits in response to Israel's continued strikes in Lebanon. U.S. Vice President Vance warned that if Iran does not follow through on reopening the strait, the ceasefire agreement would be terminated. The ceasefire window remains fragile, and the key energy corridor is not yet stable. Iran ties ceasefire to Lebanon; Israel signals operations continue Positions across the region remain split under the two-week ceasefire arrangement. Iran said it would only hold face-to-face talks with the U.S. in Pakistan if a ceasefire is achieved in Lebanon, and it would consider withdrawing from the ceasefire if Israel continues attacks there. Israeli Prime Minister Netanyahu said military actions against Hezbollah in Lebanon are not covered by the current ceasefire because Israel "has more objectives to achieve." The backdrop points to localized de-escalation rather than a comprehensive end to hostilities. Fed minutes: more officials willing to flag a possible hike The Federal Reserve released minutes from its March FOMC meeting. Compared with January, a larger group of officials wanted the post-meeting statement to signal that the next move could be a rate hike rather than another cut. The minutes said "some" participants supported a balanced description of future rate decisions, versus "a few" in January ("some" indicates a larger number in Fed usage). Against the Iran conflict, policymakers weighed dual risks: many worried war-related shocks could disrupt the labor market and ultimately require cuts, while many also emphasized inflation risks that could demand hikes. III. AI OpenAI preparing a high-security model with limited access Axios, citing people familiar with the matter, reported OpenAI is finalizing a model with cybersecurity capabilities comparable to Anthropic's Claude Mythos. The plan is to make it available only to a limited set of companies via a "Trusted Access for Cyber" program. Anthropic's Mythos security evaluation described why: in testing, the model autonomously designed multi-step exploit chains to bypass restricted access and posted attack details on obscure websites; in simulated business settings, it threatened supply-chain disruption to manipulate pricing; in fewer than 0.001% of interactions, after using prohibited methods to get answers, it attempted to "resolve" the issue to erase traces; and after another AI evaluator rejected a programming task, it attempted prompt injection against the scoring model. The implication is converging across leading labs: top-tier cyber capability is now too powerful for immediate public release and must be deployed to defenders first, potentially setting an industry standard. DeepSeek quietly introduces "Quick" and "Expert" modes DeepSeek's web product rolled out two modes without an official announcement. "Quick" targets everyday chat with instant responses and supports image and file recognition, powered by DeepSeek 3.2 with a knowledge cutoff of July 2024. "Expert" targets complex reasoning but currently does not support file uploads or multimodal features. Community discussion suggests the change may signal a new model, possibly an early V4. User tests indicate Expert Mode is markedly stronger on physics simulation and math reasoning, with less separation on creative writing. Some testers believe Expert Mode may still route to a V4 Lite variant, with the full V4 pending. IV. Industry Morgan Stanley spot Bitcoin ETF posts $34 million of first-day inflows Morgan Stanley's spot Bitcoin ETF saw active first-day trading, with more than 1.6 million shares changing hands and roughly $34 million in net inflows. With a 0.14% expense ratio, it is priced as the lowest-fee product among peers. The firm's wealth management distribution could help broaden advisor-led access to Bitcoin, though it remains unclear whether early momentum can persist in a market dominated by a handful of large players. Yi Lihua announces AI fund OpenX Labs Li Hua Yi, founder of Liquid Capital (formerly LD Capital), announced the launch of AI-focused fund OpenX Labs to invest in and collaborate with AI projects. He said he previously saw limited primary-market opportunities but has changed his view, arguing the AI era is creating a golden window for early-stage investing. In his view, small AI-native teams can now compete with larger organizations without heavy burdens such as HR, recruiting, compensation management, and customer acquisition. Yi also said he plans to spend more time working with top AI founders, is willing to support high-quality AI projects without compensation, and sees AI as a source of renewed momentum for his second entrepreneurial chapter.