Recently, IO has made a short-term strong breakout driven by multiple positive factors, but the buildup of high leverage and concentrated short-term profit-taking has created resistance above 0.12. It is recommended to focus on the 0.12–0.118 support area; if IO can effectively hold above this range, it will provide momentum for further upward movement. In the medium to long term, industry reshuffling helps remove speculative bubbles. With its emphasis on security and ecological innovation, IO has ongoing value potential. Strategic positions can be gradually established, while short-term positions should be actively managed to handle volatility risks.

Since April 16, IO's price rapidly climbed from 0.1034 to 0.1201 with a significant surge in trading volume, reflecting a notable recovery in market risk appetite. Progress toward a ceasefire in the Middle East and inflows of capital into technology and AI sectors have collectively boosted overall sentiment in digital assets, pushing IO to break through the 0.12 threshold and reach multi-day highs.

The Middle East ceasefire and US-Iran nuclear talks progress have eased geopolitical risks, pressuring oil prices and boosting global risk assets. The Nasdaq set a record 12-day winning streak, with tech and AI sectors attracting capital. Bitcoin rebounded above $74,000 amid steady ETF flows and balanced leverage liquidations. However, Democratic opposition delays Fed nominee Wash's hearing, increasing leadership uncertainty and market volatility risks.

Bitget UEX Daily Report | Hopes for Middle East Peace Rise, Nasdaq Hits Record 12 Consecutive Gains, Anthropic Releases New AI Model

The Bitcoin futures market has continued to accumulate high open interest alongside large-scale short position liquidations, resulting in increased overall market volatility. After IO touched a high of 0.1413 on April 24, it quickly retraced to 0.1229, indicating concentrated short-term profit-taking pressure. Going forward, attention should be focused on the stability of the 0.12–0.118 support zone to prevent a deeper pullback.

According to analyst Murphy, BTC price has risen to around $79,000 with futures open interest (OI) reaching a recent high of 472,000 BTC, indicating increased market leverage. Short sellers are paying high funding fees, averaging $604,000 per hour, well above the 7-day average. High OI and negative premiums suggest that a price rebound could force shorts to cover, triggering a short squeeze. Historically, similar conditions led to rebounds, making current short positions unfavorable.

Data, Analyst: BTC short funding costs remain high, OI returns to a high point, currently not an ideal time to open short positions.

On April 23, analyst Murphy noted that BTC price rose to around $79,000 with futures open interest (OI) reaching 472,000 BTC, indicating high market leverage. Short sellers paid funding fees up to $604,000 per hour, significantly above the 7-day average. High OI combined with negative premiums suggests a potential short squeeze if prices rebound, making it an unfavorable time to open short positions based on past similar conditions.

Analyst: BTC short funding costs are high, open interest has returned to a high level, making it not an ideal time to open short positions.

On April 17, the BTC futures market experienced a $526 million short liquidation in a single day, with open interest (OI) decreasing from a peak of 319,499 BTC to 293,045 BTC, indicating a healthy deleveraging phase. The liquidation dominance indicator turned positive after two weeks of negative values, signaling the end of systemic short squeezes. The price remains stable around $75,000-$76,000 with OI contraction, suggesting a cooling period rather than overheating.

Analyst: After experiencing a peak in liquidations, the BTC contract market has entered a healthy deleveraging phase, with the contraction in open interest signaling positive momentum.

The KelpDAO hack and responses by related DeFi projects highlight the trend of ecosystem differentiation and survival of the fittest, with the Hong Kong Web3 conference stressing deep institutional participation and compliant innovation. For IO, which is committed to security and product iteration, this round of industry consolidation is likely to eliminate speculative sentiment and strengthen its medium-to-long-term value in the decentralized application sector.

The aftershocks of the KelpDAO hacker attack continue to impact the crypto sector, with Aave and DeFi partners addressing the fallout. Meanwhile, the Hong Kong Web3 conference highlights the industry's shift into a challenging growth phase, filtering out casual investors and emphasizing deep engagement. Key developments include major institutional Bitcoin purchases, new product launches, regulatory updates, and the rise of AI-driven innovations reshaping crypto and finance.

A Week in Review | The aftershocks of the KelpDAO incident continue, while the Hong Kong Web3 conference leads this week's core narrative.

io.net

The Bank of Japan is widely expected to keep interest rates unchanged on Tuesday, setting up a communication challenge for Governor Kazuo Ueda as the foundering yen hovers near levels that have prompted past interventions.

The probability of the Federal Reserve keeping interest rates unchanged in April is 100%, while the probability of a rate cut in June is only 4.7%.

FOMC Meeting: US Fed Expected To Hold Rates Till 2027 Despite Kevin Warsh Taking Charge

Senate Committee Sets April 29 Vote To Advance Pro-Crypto Warsh’s Fed Chair Nomination

The global oil shock has the Fed cornered just days before its next meeting — what that means for Bitcoin

The US Treasury market is focusing on the Federal Reserve meeting, with the probability of a rate cut by the end of the year rising to 40%.

One Week Preview | The Federal Reserve will announce its interest rate decision; MegaETH token TGE will take place on April 30.

Netanyahu orders IDF to intensify attacks on Hezbollah, ceasefire in doubt

Trump halts US-Iran peace talks, April 30 deal market plummets

Trump evacuated from White House dinner amid US-Iran tensions

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io.net Price: IO Live Price Today | IO Market Cap & Chart Analysis | Bybit-eu

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IO price today is 0.12, with a live price change of 0.35 in the last 24 hours. Convert, buy, sell and trade IO on Bybit-eu.

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