Around the Block | 14
Macro price action, on-chain data, and market structure. No noise.
April 13, 2026 | By William Sanchez Jr., Founder of A.W. Block
Bitcoin is holding a technical compression zone on the daily while the weekly structure remains firmly in a markdown phase following distribution from all-time highs. Two macro-level news events this week — Japan’s reclassification of crypto as a financial instrument and Iran’s formalization of Bitcoin-denominated transit tolls through the Strait of Hormuz — introduce asymmetric macro tension: one is a legitimacy signal, one is a sanctions-evasion mechanism, and neither resolves the immediate structural question. Price does not care about the narrative until the level breaks. $73,073 on the daily and $74,000 on the weekly are the lines that matter this week.
None of this is financial advice.
Don’t trust, verify.
Let’s dive in.
