BTC short-term rise of 1.78%: On-chain activity and capital inflows resonate, quantum-safe hedging sentiment

Between 23:15 and 23:30 (UTC) on 2026-04-07, the BTC price saw a clear spike. The candlestick data shows a return rate of +1.78%, with a price range of 71307.9—72754.1 USDT, and a volatility of 2.02%. This round of volatility has attracted widespread attention in the market. On-chain activity has increased significantly; trading volume hit a new all-time high, and short-term capital flows drove the price up rapidly.

The main drivers of this spike are that, during the window period, the number of on-chain addresses and the number of entities increased markedly. In the past 24 hours, the number of active addresses reached 605,298, with 38,971 active in one hour; the number of active entities was 175,767. In terms of trading volume, the total trading value across major trading platforms exceeded $1.1 billion, indicating net capital inflows. The inflow of funds directly pushed changes in short-term supply and demand, forming upward price support. Second, on April 5, Google and Caltech released a quantum security white paper. Market risk-avoidance sentiment warmed up, leading investors to add more BTC to hedge future quantum security risks, further strengthening capital liquidity.

In addition, the Bitcoin Everlight project began public fundraising on April 5. Over the past two days, it has continued to attract a broad range of participants, raising more than $2 million in total, with 45% of the supply allocated to public fundraising participants. The project uses BTC links for routing and verification, which boosts on-chain activity and capital inflows. On-chain data shows that the number of new addresses in that window was about 267,714, some of which are new investors entering the market. Multiple factors converging amplified price volatility; the quantum security event, project capital inflows, and simultaneous growth in activity all pushed up short-term gains.

At present, short-term volatility risk still needs to be monitored. The active address count and trading volume at high levels mean the price is heavily influenced by capital flows. Going forward, it is recommended to watch changes in on-chain net capital inflows, the holding structure, where active addresses are heading, and the progress of macro safety-related topics. Pay particular attention to the price support and resistance zones, as well as the flow of funds to new projects. Please continue to monitor market developments and watch for short-term risks.