April 14, 2026 📊 Bitcoin On-Chain Data Bulletin
$74,848.00 📈 +3.43% (24H)
Amidst conflicting inflation concerns and geopolitical risks, BTC rebounded to the $74k range. On-chain, while outflows from exchanges continue, there are also signals weighing on further gains, such as short-term outflows from ETFs. We have summarized the latest data and macroeconomic environment.
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April 14, 2026 Bitcoin On-Chain Data Bulletin
Macro Highlights:
The US CPI rose to 3.3% year-on-year in March 2026 (compared to 2.4% in February), mainly due to rising energy prices. While there are expectations of a ceasefire or truce between the US and Iran, uncertainty surrounding the Strait of Hormuz remains. BTC rebounded to over $74k as of April 14th, but remains volatile, susceptible to geopolitical risks and expectations of interest rate cuts by the Federal Reserve.
📋 Key Data Summary
Current Price: $74,848.00
Change from Previous Day: +3.43%
Exchange Net Flow: -2.85K BTC
Hash Rate (7-day SMA): 969 EH/s
Active Addresses (7DMA): 611,909
SOPR: 1.01
MVRV Ratio: 1.38
ETF Flow (Latest Daily): -$291.0M / Approx. -3.89K BTC
Data Update Time: 2026/04/14 17:20 UTC
*Because the update timing differs for each indicator, the latest available data from April 11th to April 14th, 2026 is used in combination.
📈 Detailed On-Chain Metrics
👥 1) Active Addresses: 611,909
🔴 Bearish Trend Continues
Explanation: The 7-day average remains at a low level. Network participation is slow to expand despite a price rebound, making a full return of individual investors unlikely.
⚡ 2) Hash Rate: 969 EH/s
🟡 Neutral to Slightly Bullish
Explanation: The 7-day SMA is at a high level, indicating a strong miner base and robust network defenses. While the mining environment remains challenging, network health is maintained at a high level.
🏛️ 3) Exchange Netflow: -2.85K BTC
🟢 Bullish Signal
Explanation: Net outflows from exchanges have been confirmed, suggesting a preference for self-holding and long-term investment. This can be seen as a factor mitigating short-term selling pressure.
📊 4) SOPR: 1.01
🟡 Turning Point
Explanation: Slightly above 1.0, the overall price is in a small profit-realizing range. It’s still too weak to definitively identify a clear bullish trend; consolidation above 1.0 is a key point.
📈 5) MVRV Ratio: 1.38
🟡 Neutral to Slightly Undervalued
Explanation: Far from historical overheating, there’s no excessive sense of overheating. On the other hand, it’s not a deep sell-off phase either; it can be described as being in a “fair range during the recovery from pessimism.”
🌊 6) ETF Flow: -$291.0M
🔴 Short-Term Bearish, Underlying Trend Remains Important
Explanation: The latest daily figures show net outflows from US spot Bitcoin ETFs. This suggests risk-off sentiment and adjustments before and after events in the short term. However, its importance as a medium- to long-term demand-forming mechanism remains.
🎯 Overall Analysis
While inflation concerns remain due to the higher-than-expected CPI, extreme panic was avoided, and BTC rebounded, coupled with expectations of a ceasefire.
However, uncertainty remains regarding oil price trends, the situation in the Strait of Hormuz, and the timing of the Fed’s interest rate cuts, limiting the direction of the market.
On-chain data shows that capital outflows from exchanges and high hash rates are providing support.
On the other hand, indicators such as weak active addresses, capital outflows from ETFs, and a weak SOPR suggest resistance at higher levels.
Short-term focus: The key is whether the price can maintain around $74,000 and whether the SOPR can stably stay above 1.0.
Medium-term outlook: There is room for improvement in market sentiment if ETF flows improve and macroeconomic uncertainty recedes. Conversely, a resurgence of risk-off sentiment could push the price back down.
⚠️ Disclaimer
This report is for informational purposes only, based on publicly available information, and does not constitute a recommendation to buy or sell financial products. Investing in cryptocurrencies carries high risks. Investment decisions should be made entirely at your own risk.
