Bitcoin-linked equities have outpaced the broader market over the past month as BTC drew nearly $184 billion in inflows and traded around the $80,000 range. A basket of 10 major BTC-exposed firms averaged about 42% gains versus the S&P 500's 8.7%, with Applied Digital up 69.8%. Spot demand and continued corporate accumulation—including 56,338 BTC added since April 1—are cited as key supports if momentum holds.

BUILDon (B) continued its upward move over the past 24 hours after posting a 36% gain, one of the biggest increases among large-cap cryptocurrencies. The token’s price action is closely tied to Bitcoin, with the correlation near 81%, while spot netflow data showed about $1.24 million in net buying for BUILDon over the same period. Technical gauges such as ADX (near 39) and a positive MACD crossover suggest buyers still control the trend, though BTC sentiment remains a key swing factor.

Uniswap’s UNI continued its upswing, trading above $3.92 at press time as the protocol’s TVL rose to $3.59 billion, its highest level since Feb. 2. Derivatives metrics stayed supportive with the OI-weighted funding rate at 0.0060% over the past 24 hours and trading volume near $459 million, though liquidity pockets below price could still amplify pullbacks toward $3.60 if sentiment turns.

Jupiter (JUP) rose 23% in the latest session, supported by continued spot accumulation and stronger perpetual futures participation. Spot netflows showed about $577,000 accumulated in the past 24 hours and roughly $1.84 million over the last 30 days, while Open Interest climbed over 22% to around $67.26 million. Still, liquidity clusters around $0.20 and seller-leaning taker flow suggest upside may stay constrained without stronger demand.

Arbitrum (ARB) gained 13% over the past 24 hours even as Arbitrum's on-chain liquidity metrics kept weakening. Since April 18, about $449 million has left the chain's TVL, and since May 1, more than $1 billion in stablecoins has reportedly exited the network. Technical signals still point to accumulation, but a supply-heavy resistance area above price could decide whether the rally extends or stalls.

Starknet (STRK) rose 13% in the current trading session, after a year in which it fell nearly 59%. The move followed a cup-and-handle breakout, while MACD and CMF readings (around 0.12) pointed to strengthening momentum, even as TVL sits near $205.47 million after falling about $117.92 million from its Jan. 17 peak.

Block Inc. said its Q1 2026 gross profit rose 27% year over year to $2.91 billion, while GAAP results showed a $309 million net loss for the quarter ended March 31. The company recorded a $173 million Bitcoin fair value loss and $852 million in restructuring and other charges tied to a February workforce reduction.

Bitcoin (BTC) was nearing $70,000 at press time after trading below that level for about eleven days. Apparent demand fell to negative 86,000 BTC, valued at roughly $5.95 billion, while CryptoQuant data showed long-term holders moving older coins even as whales drove short-term buying over the past 48 hours.

Ethereum’s derivatives metrics are showing a notable shift, with net taker volume turning sustainably positive for the first time since 2023 and reaching $104 million over the past 24 hours. Futures capital flows also flipped from heavy outflows to inflows, including $6.64 billion over 60 days and $131.7 million in the last 24 hours. Despite these signals, ETH price action remained neutral, with liquidation levels clustered around $2,070–$2,090 above and $2,027–$2,010 below.