TL;DR

• Binance will transfer more than a dozen cryptocurrencies from Alpha Account to Spot Account on April 22.
• Trading bots services for select USDC pairs will go live the same day, though users from some regions won’t have access.

Enforcing Amendments

The world’s largest crypto exchange updates its platform quite frequently to respond to ongoing market trends and enhance user experience.

Most recently, it announced that it will move 17 altcoins from the Binance Alpha Account to the Spot Account. Some of the involved tokens include Ondo (ONDO), Big Time (BIGTIME), Virtuals Protocol (VIRTUAL) as well as the trending meme coins Mubarak (MUBARAK), Broccoli (BROCCOLI), Banana For Scale (BANANAS31), Tutorial (TUT), Cookie DAO (COOKIE), and more.

The transfer is scheduled for April 22, and the company warned that users will not be able to move tokens back to their Alpha Account once it starts.

Binance Alpha is a platform within the exchange’s ecosystem that highlights early-stage cryptocurrency projects with potential for growth and serves as a pre-listing token selection pool.

The firm explained that following the transfer to spot accounts, users will be able to trade, deposit, or withdraw the involved assets via networks supported by the trading venue. 

“Some tokens may adopt a different name and/or denomination after transferring to Binance Spot Account,” the entity added.

The exchange has another initiative scheduled for April 22. It will enable trading bot services for the ACH/USDC, GMT/USDC, ALGO/USDC, CRV/USDC, and ENA/USDC pairs. 

The upcoming services will not be available to all users. Clients residing in Canada, Cuba, Iran, the Netherlands, Syria, the USA, and others are among the excluded ones. 

Other Recent Updates

Earlier this month, Binance held a community vote to ask its user base which tokens they believe should not be on the platform.

The results revealed that FTX’s FTT topped the list as the least favored cryptocurrency among voters, collecting 11.1% of the total votes. Zcash (ZEC) and JasmyCoin (JASMY) trailed behind with 8.6% each.

It is important to note that the poll results are not the sole factor in deciding whether to delist a token. Regardless, the voting outcome triggered a price decline for some of the aforementioned tokens, with FTT dropping by 4% on a daily scale.

History shows that actual delistings from Binance can lead to devastating losses for the involved cryptocurrencies. Such was the case with CREAM, BETA, BAL, BADGER, and many more, which crashed by double digits at the start of the month when the exchange withdrew its support. 

Following a notable rebound, Bitcoin has surged toward the crucial 200-day MA of $88K. This price region is significantly important, as if the asset successfully reclaims it, it can exhibit a surge toward the ATH of $109K.

Technical Analysis

By Shayan

The Daily Chart

BTC has recently staged a notable bullish rebound after establishing strong support within the $75K–$80K demand zone. This upward move has propelled the price toward a decisive resistance area around the $88K mark. This level is particularly important as it coincides with both the 100-day and 200-day moving averages, as well as the asset’s previous daily swing high, making it a formidable barrier for the bulls.

Given the confluence of resistance factors, Bitcoin is expected to enter a temporary consolidation phase around this region. However, if bullish momentum prevails and the price breaks above $88K with strength, the next major target would be the $93K zone. A successful breach of that could open the door to a rally toward the all-time high  of $109K.

The 4-Hour Chart

On the lower timeframe, Bitcoin has broken above the upper boundary of the descending channel at $84K, signaling a bullish market structure shift. The breakout was followed by a pullback and continuation, confirming the breakout’s validity.

The asset has now reached a key short-term resistance zone at $88K, aligning with the previous major swing high on this timeframe. If bulls manage to break above this level, the path toward the $93K resistance becomes increasingly likely. Conversely, failure to surpass this barrier could result in a consolidation phase below $88K before any further directional move.

On-chain Analysis

By Shayan

Analyzing recent funding rate behavior provides valuable insights into Bitcoin’s potential next moves. During the recent market-wide sell-off, both price and funding rates declined significantly, signaling a cooling of speculative activity in the futures market. This pattern mirrors the March to September 2024 period, a phase characterized by extended consolidation and sharp corrections that ultimately led to a robust bullish rally.

Now, with funding rates surging once again, it suggests that market participants are increasingly opening aggressive long positions. If this momentum persists, Bitcoin could reclaim the key $93K resistance level and potentially push toward its all-time high.

Bitcoin rose by a modest 3% over the past 24 hours to briefly climb above $87,700. While its price action remains relatively calm despite the uptick, deeper on-chain indicators are painting a different picture.

Bitcoin’s Realized Capitalization, for one, reached an all-time high of a record $872.2 billion on April 14th. Here’s what it means.

Bitcoin’s Realized Cap Breaks Record

According to the latest analysis from CryptoQuant, this metric, often overshadowed by traditional market capitalization, offers critical insights into investor behavior and network health.

Unlike market cap, which is calculated by multiplying the current price by the total circulating supply, Realized Cap is based on the price at which each coin was last moved, providing a clearer picture of actual capital inflow and long-term investor sentiment.

As such, it represents the aggregated cost basis of all BTC currently held across wallets and indicates the value at which investors collectively entered the market.

This new all-time high highlights increasing investor conviction. More capital is flowing into Bitcoin, and more coins are being held rather than sold, which suggests that investors are anticipating future price appreciation.

In its analysis, CryptoQuant explained that this behavior is typical of a market phase known as “accumulation,” where price movement remains relatively stable while smart money quietly increases exposure. As the Realized Cap rises, it reflects a growing foundation of long-term holders who are less likely to sell during short-term volatility.

Experts view this as a bullish indicator. It signals confidence not only in Bitcoin’s future performance but also in the broader strength of the network. The analysis noted,

“The Realized Cap hitting record highs is a clear signal: more investors are holding, and capital keeps flowing in. In summary, the rise in Realized Cap is a positive signal, showing increasing confidence in both the network and the asset, and suggesting that we may not have reached the top of the market cycle just yet.”

Minimal Resistance Before $90K

Analysis from IntoTheBlock revealed that as Bitcoin once again edges toward the $90,000 mark, key indicators suggest the rally may accelerate. The cost-basis cluster data depicts minimal overhead supply below the $90,000 range, meaning few holders are currently sitting on losses at these levels.

This reduces immediate selling pressure and instead allows for quicker upward price movement. However, the on-chain analytic platform warned that a larger concentration of holders stands to break even slightly above this zone, which could prompt a wave of profit-taking once that threshold is crossed.