{"id":23459,"date":"2025-04-27T20:15:24","date_gmt":"2025-04-27T17:15:24","guid":{"rendered":"https:\/\/forklog.com\/en\/this-week-paul-atkins-sworn-in-dinner-for-trump-whales-and-zora-under-fire\/"},"modified":"2025-04-27T20:15:24","modified_gmt":"2025-04-27T17:15:24","slug":"this-week-paul-atkins-sworn-in-dinner-for-trump-whales-and-zora-under-fire","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/this-week-paul-atkins-sworn-in-dinner-for-trump-whales-and-zora-under-fire\/","title":{"rendered":"This week: Paul Atkins sworn in, dinner for TRUMP whales, and Zora under fire"},"content":{"rendered":"

Paul Atkins was sworn in as the new chair of the SEC<\/span>, Donald Trump announced a dinner for TRUMP whales, the community criticised Zora\u2019s airdrop, and other events rounded out the week.<\/p>\n

\u201cConciliatory signals\u201d and the return of enthusiasm<\/h2>\n

Bitcoin began the week at $86,600. During the day the price tested<\/a> start-of-month levels above $87,000.<\/p>\n

\"Weekly
Hourly chart BTC\/USD on Binance. Data: TradingView<\/a>.<\/figcaption><\/figure>\n

The rally in the bellwether coincided with gold hitting<\/a> a new high of $3389 per troy ounce. Futures on major US stock indices continued to fall.<\/p>\n

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\u201cThe breakout of bitcoin above $87,000 was driven by rising global liquidity associated with an expanding money supply and the resumption of institutional interest, underscored by signals from [Strategy] about further increasing its holdings and a shrinking available supply,\u201d Kronos Research analyst Dominic John told The Block.<\/em><\/p>\n<\/blockquote>\n

According to CryptoQuant analyst Darkfost, as of April 21 open interest (OI) in bitcoin perpetuals soared<\/a> by 17.4%.<\/p>\n

Comparable jumps of 16% and 15% were seen during the strong bull phase in November\u2013December 2024. At that time, derivatives activity reinforced the positive trend in spot, the specialist noted.<\/p>\n

Later, Glassnode analysts observed that over the past day OI in bitcoin futures rose by $2.4bn to $38.6bn, the highest since March. Spot volumes in the first cryptocurrency tripled from $2.9bn to $8bn.<\/p>\n

On April 22 the price crossed<\/a> $90,000 for the first time since early March. The Fear and Greed Index moved into \u201cneutral\u201d for the first time in a month.<\/p>\n

According to analyst Miles Deutscher, one driver was the largest influx of new whale investors in bitcoin\u2019s history.<\/p>\n

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We’re currently witnessing the largest increase in new whales in $BTC<\/a> history.<\/p>\n

Whales are stacking BTC at a record pace. pic.twitter.com\/XYM8bGPuFI<\/a><\/p>\n

\u2014 Miles Deutscher (@milesdeutscher) April 21, 2025<\/a><\/p><\/blockquote>\n