Here is a smaller recap of what happened in the World of Cryptocurrency in April 2026.
The altcoin season index just hit a February low
Bitcoin touched $80K on a short squeeze, but macro resistance held firm. The altcoin season index hit its weakest reading since February. On the other side of the trade, long-term holders added 800,000 BTC in seven days, while bears continued doubling down. A big move in either direction looks increasingly likely.
Altcoin season index drops to the lowest levels since February selloff
Bitcoin tested major resistance at $80,000, but the move was driven primarily by a short squeeze. The asset struggled to break above this level amid the ongoing Strait of Hormuz standoff and rising expectations of a Bank of Japan rate hike. The Federal Reserve’s rate decision, along with 40% of the S&P 500 reporting earnings this week, also contributed to heightened volatility.
Against this backdrop, the altcoin season index fell to its lowest level since the early February selloff, suggesting increased rotation toward Bitcoin. Still, some altcoins managed to outperform Bitcoin, with JUP, ALGO, and SKY briefly posting double-digit weekly gains
Other Top News
● Western Union is preparing to launch its USDPT stablecoin this May.
● Fintech startup Aven introduced a Bitcoin Visa Card that will offer a bitcoin-backed line of credit of up to $1 million.
● Industry coalition DeFi United published a detailed plan to restore rsETH after the $292 million Kelp DAO exploit.
Bitcoin faced one of the largest accumulations by long-term holders in history
Bitcoin’s long-term holders reportedly added close to 800,000 BTC to their wallets in a single week. Their 30-day accumulation now stands at approximately 1.16 million BTC, one of the largest monthly accumulation figures ever recorded. Long-term holders now control around 80% of all Bitcoin in existence, the highest share since July 2025.
This group’s buying so aggressively matters for one reason : they are the ones who historically get the direction right over longer timeframes. However, bears continue doubling down on short positions, suggesting that major price action in either direction could be around the corner.
Smooth the market chaos with Moving Averages
Moving averages help filter out price noise and reveal the broader trend. They can act as dynamic support or resistance, while common lengths like 20, 50, 100, 200, and 365 are often used to track momentum.
An upward-sloping MA may suggest an uptrend, while a downward slope may point to a downtrend. Price crossing a major MA can signal momentum shifts, while crossovers between short- and long-term Mas may indicate a potential trend change. Typically, Mas work best at daily/weekly timeframes.
