Market updates

Bitcoin's 10% Surge Sparks Optimism for SUI, AVAX, TRUMP, and TAO

Beginner

2025-04-28 | 5m

Bitcoin has made a strong comeback, gaining over 10% in a week and reaching close to $95,000. Experts believe Bitcoin could rise another 40% by the end of the year, possibly hitting $100,000 soon. Big investments in Bitcoin exchange-traded funds (ETFs) are fueling this rise, with billions flowing in recently. If Bitcoin moves past $95,000, it could climb even higher, but if it falls, it might drop back to around $86,000.

Other cryptocurrencies like SUI, AVAX, TRUMP, and TAO are also showing strength. SUI may rise if it stays above $3.14, while AVAX could break out of its current range and aim for $31 if it surpasses $23.50. The TRUMP token has been steadily rising, with a possible next target of $19.60 if buyers keep pushing. TAO has broken a downward trend and could rally toward $495 if it holds above support levels.

Overall, the mood in the crypto market has turned more positive, and several coins are set for potential gains if the momentum continues.

Source: Cointelegraph

Futures Market Updates

In the past 24 hours, both BTC and ETH futures saw declines in open interest, with ETH (-2.98%) dropping slightly more than BTC (-2.45%). However, BTC futures volume rose (+7.87%) while ETH futures volume sharply fell (-21.75%), showing stronger trading activity around Bitcoin. Liquidations were higher for longs in both markets, but ETH saw a larger long liquidation ($23.27M) compared to BTC ($18.45M). The long/short ratios were close to even for both, though BTC had a slight long bias, while ETH showed a slight short bias. Funding rates diverged too, with BTC's positive (0.0007%) and ETH's negative (-0.0009%), indicating mildly bullish sentiment for BTC and bearish sentiment for ETH.

BTC Futures Updates

Total BTC Open Interest: $62.89B (-2.45%)

BTC Volume (24H): $60.82B (+7.87%)

BTC Liquidations (24H): $18.45M (Long)/$7.55M (Short)

Long/Short Ratio: 50.51%/49.49%

Funding Rate: 0.0007%

ETH Futures Updates

Total ETH Open Interest: $20.47B (-2.98%)

ETH Volume (24H): $28.12B (-21.75%)

ETH Liquidations (24H): $23.27M (Long)/$6.62M (Short)

Long/Short Ratio: 49.23%/50.77%

Funding Rate: -0.0009%

Top 3 OI Surges

FIS: $26.64M (+406.69%)

CSPR: $6.63M (+328.24%)

BMT: $61.82M (+324.71%)

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