Happy Friday!

Bitcoin hit $78,000 today, and that could just be the start of the rally: is a massive short squeeze coming soon?

OpenAI has announced a massive $20B deal, setting up another potential huge IPO. Which company is it and what are prediction markets saying?

Plus, join PropShopTrader co-founder Sean Kozak live on Thursday, Apr. 23, at 11 a.m. ET to learn how modern prop firms are helping traders build consistency, manage risk and move beyond the limits of self-funding. Register For Free.

TOP STORY

Bitcoin Hits $78,000 As 46 Days Of Short Positions Face Potential Short Squeeze

Bitcoin broke above the descending trendline that capped the entire bear trend from $128,000 — and a 46-day short streak is setting up a cascading squeeze.

K33's Vetle Lunde warns traders are actively piling into shorts against the breakout, creating the exact conditions that triggered the last major squeeze during the FTX collapse in late 2022.

The Wall Street bid is real: Goldman Sachs $GS filed its first Bitcoin ETF, Morgan Stanley launched its own BTC tracker, Charles Schwab is launching spot crypto trading with an 8.8% suggested portfolio allocation, and Strategy dropped $2.6 billion across two purchases in two weeks.

Trump said the Iran war is going "swimmingly" and should end "pretty soon," adding a geopolitical tailwind…

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QUICK N DIRTY

Bitcoin, Ethereum, XRP are gaining on Friday as markets cheer a possible final end to the Iran conflict: here’s what else is driving markets today.

Ethereum will carry ‘the entire banking system’, according to Raoul Pal. ETH is attempting a breakout — is this the trend reversal?

Dogecoin, Shiba Inu holders are moving huge sums away from Robinhood: what do they know?

FINTECH FOCUS

OpenAI's $20 Billion Deal Sets Up Second Most Likely IPO After SpaceX: What Do Prediction Markets Say?

OpenAI is paying AI chip startup Cerebras Systems more than $20 billion over three years, and Polymarket now prices Cerebras as the second most likely IPO of 2026 at 93%, trailing only SpaceX.

The deal structure is the real story: OpenAI is booking the arrangement as a "working capital deposit," fronting Cerebras $1 billion to build data centers and recording it as a balance-sheet asset rather than an expense — with a portion of ongoing chip payments potentially recorded as interest income.

Translation: $650 billion in five-year compute spend gets partially reclassified from pure expense into receivables with yield attached, softening the story for public investors ahead of OpenAI's own IPO.

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