Short-term Bitcoin traders took profit on 63,000 BTC over the past 24-hours. Will profit-taking continue to stall the rally? Bitcoin’s (BTC) rally stalled above $76,000 stalled on Tuesday after short-term profit-taking by traders reached its highest level in 2026. The activity coincided with continued accumulation by long-term holders, and this opposing interaction between the two cohorts may continue to impact Bitcoin’s attempts to break into the $80,000 range. New Bitcoin short-term holders moved their holdings as BTC in profit sent to exchanges reached 63,000 BTC on April 14, the highest level in 2026, since the 44,800 spike on Jan. 14. Read more
The contracts mark Injective’s first entry into US-regulated derivatives markets and could help support a spot ETF following a filing from Canary Capital. Chicago-based crypto exchange Bitnomial has launched monthly futures contracts tied to Injective, marking the first US-regulated derivatives product for the Web3 financial ecosystem’s native token. According to Wednesday’s announcement shared with Cointelegraph, the contracts settle in INJ (INJ) with monthly expiries, allowing traders to gain price exposure without holding the underlying asset, and can be margined in crypto or US dollars through Bitnomial’s clearinghouse. The listing also starts a six-month track record that could support a spot exchange-traded fund under US Securities and Exchange Commission (SEC) listing rules. In July, Canary Capital filed for a staked INJ ETF, with Cboe BZX Exchange submitting a corresponding rule change to the SEC. Read more