Bitcoin pulled back to $68,000 as Trump's Iran ultimatum expires at 8PM tonight - negative funding, $471 million in ETF inflows, and a negative gamma zone below make this the most consequential level of the week.
Kosta Gushterov
Journalist
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
Latest articles by Kosta Gushterov
In 48 hours, two of the most actively developed networks in crypto announced infrastructure milestones that would, in a different market environment, be moving price.
ADA's largest short position since June 2023 is betting against a community that has stayed 79% bullish through a 400% drawdown since the Q1 in 2025- the data suggests the shorts are the most exposed side of that trade.
Spot buyers are holding XRP at $1.30, futures traders are positioned against them at -$261 million, Friday's CPI is the catalyst that might decide which side breaks.
Strategy and Bitmine are accumulating Bitcoin and Ethereum through the drawdown, but Friday's CPI and unresolved Iran talks will determine whether on-chain support holds.
XRP rose 3.5% on April 6, tracking the broader market rally, while whale activity and exchange inflows have collapsed, leaving price range-bound with no clear catalyst.
Ethereum jumped over 5% on unconfirmed U.S.-Iran ceasefire talks, but derivatives data reveals a leverage-driven market with thinning liquidity and limited spot participation.
Axios reported Sunday that the U.S. and Iran are discussing a 45-day ceasefire. Bitcoin surged from $67,000 to $69,200 in hours. The derivatives data shows traders are not just reacting, they are adding leveraged long positions at the top of the move.
Bitcoin's traditional bottom confirmation signals have not fired. The z-score is still positive. The Coinbase Premium is deeply negative. The Market Heat Score is silent.
Capital rotated from Bitcoin into gold at the cycle top. Flow data shows it moving back. Historical crisis data explains why the timing may not be a coincidence.
SOL is below its 50 SMA. Whether the problem is about geopolitics or Solana specifically is the question the market has not answered.
Q1 2026 produced $11 billion in crypto inflows - one-third of last year. On the day JPMorgan published that number, Schwab opened a waitlist for the largest traditional brokerage entry into spot crypto ever announced.
