Key facts: Bitcoin $71.5K; Regulators Classify BTC, $44B Buy Plan

[kim]

BTCUSD jumped about 4% to trade near $70,600–$71,500 after a five-day pause in planned U.S. strikes; saw a 10‑minute spike to $71,402, brief highs ~$71,500 and ~$270M short liquidations.
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U.S. regulators (SEC, CFTC) formally classified Bitcoin (BTCUSD) as a digital commodity, clarifying its regulatory status and reducing prior uncertainty for traders.
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BTCUSD jumped above $71,000, sparking a short squeeze that liquidated over $300M in shorts in four hours; BTC-linked liquidations accounted for about $810.75M across crypto in 24 hours.
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Company filed SEC documents for $44.1B ATM buy programs to keep buying Bitcoin: $21B Class A, $21B preferred, $2.1B STRK, creating a reserve to accumulate BTC.
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NYSE Arca and NYSE American lifted the 25,000-contract limit on Bitcoin ETF options. SEC waived the waiting period. Bitcoin ETF options can trade as FLEX with custom strikes, expiries and sizes.
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BTCUSD saw about $1.43B net inflows into Bitcoin ETFs this month, signaling continued institutional buying amid ongoing price swings and cumulative ETF flow through the month.
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Miners sent ~4,316 BTC to exchanges in the month, the lowest since June 2023; total exchange inflows were ~4,381 BTC. Miners hold an estimated ~1.8M BTC in reserve.
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On-chain data shows two major realized-cost levels for large BTC holders: ~46,700 (10–100 BTC cohort) and ~68,000. Price above ~68,000 signals structure intact; breach targets ~46,700.
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On Deribit, April 24 $80,000 BTC call traded at 0.017 BTC (~$1,207) with 31 days to expiry; implied vol ~48% and market-implied ~20% chance BTCUSD hits $80k by expiry.
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BTCUSD trading in a correction inside a price channel. A decisive break above channel resistance could push toward $80,000; failure may lead to a drop below $60,000, first in over a year.
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source: https://www.tradingview.com/news/tradingview:f9d23775c8d9e:0-key-facts-bitcoin-71-5k-regulators-classify-btc-44b-buy-plan/