April 1, 2025
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Bitcoin Hits $21K High as Crypto Market Cap Nears $1T

Web Desk03 mins

Bitcoin’s on a tear, climbing to a 10-week peak of $21,150, according to CMC data, with a 2.1% bump in the last 24 hours and a whopping 23% surge over the past week.

The total crypto market cap’s flirting with $1 trillion, sitting at $996 billion, and BTC’s leading the charge. Twitter’s Documenting Bitcoin flagged the run, noting it’s been 12 straight days of gains—Bitcoin’s second-longest winning streak ever, just shy of the 15-day record from November 2013.

But not everyone’s hyped. CryptoQuant’s on-chain guru is waving a caution flag, saying investors should “find calm, not excitement.” Their Fund Holdings Index shows institutional players trimming BTC stashes and just eyeballing the action—no big moves yet. “If demand holds, no sweat,” the analyst shrugged, “but with short liquidations piling up and everyone jumping on long bets, this might not be a cakewalk.” They also spotted miners switching gears—hoarding coins instead of cashing out, with the Miners Position Index and reserves “prepping” for a 10% difficulty drop ahead.

Meanwhile, Santiment’s got the whale watch on lock. Bitcoin sharks (10-100 BTC wallets) have scooped up 105,600 coins over the past 10 weeks. Mid-tier whales (100-1,000 BTC) added 67,000 BTC in eight weeks, and the mega-whales (1,000-10,000 BTC) tacked on 37,100 more. That’s a hefty pile of digital gold stacking up as the market heats up.

BTC’s $21K milestone feels like a win after 2022’s bruises, but CryptoQuant’s whispering it’s not all rosy—miners and big dogs might be playing it cool for a reason. With the trillion-dollar mark in sight, the question’s whether this streak’s got legs or if it’s just a tease.

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