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Alpha Points
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Weekly crypto recap. Here's what mattered:
- Bitcoin closed April up 12%, recovered from a dip to $75,500, and has $80,000 in its sights
- Whales accumulated 270,000 $BTC over 30 days. Exchange reserves hit a 7-year low
- Bitcoin ETFs pulled in $2.44B in April. BlackRock's IBIT took 70% of those flows
- Bitmine staked 162,088 $ETH worth $366M, bringing total staked ETH to 4.19M
- Strategy held its $STRC dividend at 11.5%
- Stablecoin inflows pointed to fresh liquidity entering the market