火星财经消息，4 月 25 日，CryptoQuant 分析师 Maartunn 发文称，短期持有者（STH）在过去 24 小时内将 47,428 枚比特币转入交易平台，创数周来最大获利了结规模。

<div>火星财经消息，4 月 25 日，CryptoQuant 分析师 Maartunn 发文称，短期持有者（STH）在过去 24 小时内将 47,428 枚比特币转入交易平台，创数周来最大获利了结规模。</div>

CryptoQuant 分析师：短期持有者过去24小时将47,428枚BTC转入交易平台

According to Mars Finance, on April 25, CryptoQuant analyst Maartunn stated that short-term holders (STH) transferred 47,428 bitcoins to trading platforms within the past 24 hours, marking the largest profit-taking scale in recent weeks.

<div>Mars Finance News, on April 25, CryptoQuant analyst Maartunn stated that short-term holders (STH) transferred 47,428 bitcoins to trading platforms within the past 24 hours, creating the largest profit-taking scale in weeks.</div>

CryptoQuant analyst: Short-term holders transferred 47,428 BTC to trading platforms in the past 24 hours

In the crypto world, what truly determines victory is never code, but the interplay between liquidity, power, and regulation. The rise and fall of BUSD is not merely a tragic tale of a stablecoin, but a financial war waged by exchanges attempting to "unify the world."

When BUSD was thrust onto the historical stage, it carried not only a compliance narrative, but also Binance's ambition to reshape the stablecoin order through coercive measures—by manipulating exchange rates and merging trading pairs, directly swallowing competitors' liquidity into its own ledger.

The "automatic conversion" of 2022 was a textbook example of a blitzkrieg; and 2023...

The Rise and Fall of Binance's Dominance: From BUSD's "Unification" to $U's "Conquering the World"—The Stablecoin Wars

Source: Galaxy Research; Translation: Jinse Finance xz
Bitcoin's closing price in 2025 is expected to be roughly the same as the level at the beginning of the year.
The cryptocurrency market experienced a genuine bullish wave in the first ten months of this year. Regulatory reforms continued to advance, ETFs continued to attract funds, and on-chain activity became increasingly active. Bitcoin hit an all-time high of $126,080 on October 6th.
However, the market failed to deliver the expected breakthrough after the initial frenzy; instead, it experienced rotation, repricing, and rebalancing. This was driven by factors such as unmet macroeconomic expectations, a shift in investment narratives, leveraged margin calls, and massive...

Galaxy: 26 Predictions for the Crypto Market in 2026

Messari released "The Crypto Theses 2026," a report that predicts future trends in public blockchains, DeFi, AI, DePIN, and TradFi. From Messari's perspective, 2026 will be a pivotal year for cryptocurrencies, marking a shift from "speculative" to "system-level integration."

Author: Messari
Compiled/Translated by: ODIG Invest
Messari Releases "The Crypto Theses 2026"...