#Gate13周年现场直击 Crypto Daily(04.23): Bitcoin breaks through $79k to reach a new high in the stage, ETF continues net inflows, Strategy becomes the largest institutional holder

1. Bitcoin Price Trends and Market Analysis
1. In mid to late April 2026, driven by progress in US-Iran ceasefire negotiations, easing geopolitical risks, combined with institutional buy-the-dip activity, Bitcoin prices continued to rebound, successively breaking through $76k and $78k levels, with a peak near $79.5k, boosting the entire crypto market higher, with total market capitalization rising back to $2.7 trillion. Multiple institutional analyses suggest that Bitcoin has formed an upward channel, with medium- to long-term upside potential, but significant selling pressure exists at the key resistance levels of $78k-$80k. Additionally, some technical indicators show overbought conditions, indicating a short-term possibility of a pullback or consolidation.
2. On-chain data shows that current Bitcoin exchange reserves have fallen to multi-year lows, with overall selling pressure easing; over the past 30 days, Bitcoin volatility has dropped to 42%, lower than the KOSPI index of South Korea, indicating that market perception of Bitcoin as a high-volatility asset is beginning to loosen.

2. Bitcoin Spot ETF Industry Developments
1. In mid to late April 2026, US Bitcoin spot ETFs experienced six consecutive days of net inflows. As of April 21, the total daily net inflow was $11.84 million, with total net assets reaching $79k, accounting for 6.54% of Bitcoin’s total market cap. Cumulative net inflows have exceeded $57.99 billion.
2. BlackRock’s IBIT is currently the Bitcoin spot ETF with the highest net inflow, with cumulative net inflows reaching $76k. Grayscale’s GBTC continues to experience net outflows.
3. Crypto market maker GSR launched the US’s first actively managed multi-asset crypto ETF supporting staking yields, covering BTC, ETH, and SOL, marking ongoing innovation and expansion of crypto ETF products in traditional finance.

3. Corporate and Institutional Bitcoin Holdings Dynamics
1. The continuously accumulating company Strategy (formerly MicroStrategy) invested an additional $2.54 billion in April to buy 34,164 Bitcoin, bringing its total holdings to 815,061 BTC, surpassing BlackRock to become the world’s largest institutional Bitcoin holder. Based on current accumulation speed, it is expected that by the end of 2026, total holdings will exceed 1 million BTC.
2. Strategy primarily raises funds through perpetual preferred stock STRC to accumulate Bitcoin. Since 2026, the Bitcoin purchased via STRC financing has been ten times the total of all Bitcoin spot ETFs. After the recent dividend, Bitcoin prices rose, breaking the six-month downward trend following dividend payouts, creating conditions for continued financing.
3. Tesla’s Bitcoin holdings remained unchanged at 11,509 BTC in Q1 2026, after accounting for a $173 million post-tax impairment loss due to price decline in Q1; Trump-affiliated Bitcoin mining company American Bitcoin added 11k high-efficiency miners, increasing hash rate to 28.1 EH/s, with the news driving stock prices up over 12%.

4. Bitcoin Industry Development and Institutional Adoption Progress
1. Globally, institutional and national-level adoption of Bitcoin is accelerating, with countries like Saudi Arabia and Pakistan advancing direct Bitcoin deployment; several nations are proposing to establish national strategic Bitcoin reserves, while the UK and US are gradually opening compliant channels for individual investors.
2. Traditional major US financial institution Charles Schwab is about to launch Bitcoin spot trading services, issuing guidance emphasizing risk control, recommending conservative investors allocate no more than 2.7% of total assets to Bitcoin, and higher-risk investors no more than 6.9%.
3. Third-party Bitcoin financial service platforms are responding to industry trends by launching upgraded services such as zero-fee trading, collateralized lending, and custody, expanding practical financial scenarios for Bitcoin and capturing institutional and retail service markets.

5. Bitcoin-Related Hot Events
1. The documentary “Finding Satoshi,” focusing on the mystery of Bitcoin’s creator Satoshi Nakamoto, will be released soon. After years of investigation, the production team has narrowed down the scope and will disclose their findings. The film also explores Bitcoin’s original purpose and the impact of Satoshi’s holding of about 1.1 million unspent Bitcoins on the market.
2. The US Indo-Pacific Commander confirmed at a Senate hearing that the US military has operated Bitcoin nodes to conduct cybersecurity testing, believing that Bitcoin’s proof-of-work mechanism can serve as a tool in cybersecurity and power projection. This marks the first public recognition by the US military of the national security application value of Bitcoin protocols.
3. Cardano founder Charles Hoskinson announced plans to launch a one-click Bitcoin yield service within the year, allowing users to earn Bitcoin yields through DeFi with a single operation. The project aims to attract Bitcoin liquidity into the Cardano ecosystem, with related infrastructure development underway.