BTC 15-minute upward movement of 0.49%: On-chain large transfers and derivatives liquidation resonate to drive price breakout

Between 22:45 and 23:00 (UTC) on April 13, 2026, BTC price recorded a +0.49% return within 15 minutes, trading in the range of 74,148.0 to 74,741.9 USDT, with an amplitude of 0.80%. Trading activity during this period significantly increased, market attention continued to rise, short-term volatility intensified, and the price approached the intraday high.

The main drivers of this anomaly were the concentrated emergence of large on-chain transfers and triggers from liquidation zones in the derivatives market. During the anomaly window, large fund transfers in the $1M–$10M range increased notably, with institutional or large holder funds actively flowing, directly pushing up the price. Meanwhile, concentrated liquidations occurred in the futures market, forcing some short positions to close, which boosted spot market buying pressure and caused the price to rise rapidly.

Additionally, ETFs absorb approximately 1,200 BTC daily, far exceeding miners’ output of only 450 BTC per day, creating a structural supply gap of 750 BTC per day, continuously improving the spot market buying structure. During the same period, exchange BTC reserves fell below 2.3 million BTC, reducing available BTC for sale and easing supply-side pressure. Active institutional fund inflows, on-chain large transfers, and spot trading volumes rose simultaneously. Coupled with global geopolitical risks and safe-haven demand resonance, this further strengthened market buying.

Short-term volatility risks still require vigilance. Future market focus should be on the dynamics of on-chain large transfers, spot trading volumes, open interest distribution, and ETF inflow pace. If derivatives liquidations concentrate or buying power weakens significantly, there is a risk of rapid price retracement. Moreover, regulatory policy changes and global macro events remain key factors influencing subsequent trends. It is recommended to continuously monitor structural supply and demand, on-chain capital flows, and market sentiment indicators to grasp more market movements in a timely manner.