← Back to Blog

[KR KOL Index] Apr 22 | Top Trending Topics on Global & KR Timelines

Fears spread across communities as posts claimed BitMart would halt operations and BMX plunged, reviving concerns over exchange solvency and withdrawal safety. At the same time, CZ’s remarks highlighting self-custody, stagnant Bitcoin ETF flows, the “bottom vs. no final capitulation yet” debate, and geopolitics (Middle East/Ukraine) drove broader market uncertainty.

[KR KOL Index] Apr 22 | Top Trending Topics on Global & KR Timelines

News that “another exchange is shutting down” spread quickly, amplifying anxiety across crypto communities. Posts claiming BitMEX would be followed by BitMart announcing an operational halt climbed to the top of feeds, alongside repeated screenshots of the exchange token BMX plunging. Separately, a breaking-style message citing CZ’s comments about “tough times” and “self-custody” added fuel, pushing the discussion beyond headlines into how users should store assets.

BitMart shutdown notice & BMX plunge… doubts grow over “orderly wind-down”

Community channels rapidly circulated claims that BitMart halted new sign-ups and would end operations on Aug. 26. Reports that BMX fell roughly 60% reinforced concerns about “exchange token risk.” In some groups, skepticism intensified as recap posts alleged that despite messaging around an “orderly wind-down,” rumors had already surfaced about withdrawal delays, forced position closures, AMM bot stoppages, mass delistings, and token dumping. Korean communities also accelerated distribution by directly sharing links to what they described as official notices.

CZ: “tough times” and self-custody… caution over possible further exits

Multiple posts amplified a claim that Binance founder CZ said “tough times (again)” and suggested that if users can securely store their seed phrase, they should consider self-custody. Some interpreted this as a warning that more exchanges may exit the market, while others pushed back, framing it as either fearmongering or simple risk-management common sense. Practical commentary also surfaced, arguing that users should reassess both counterparty (exchange) trust risk and custody/operational risk.

BTC rangebound, ETF flows stalled… “bottoming signs vs. no final capitulation”

Bitcoin’s sideways trading in the $70,000–$58,000 range and stagnant spot ETF flows were repeatedly cited. Communities debated whether there were “signs of a bottom” versus the view that a major capitulation event has not yet occurred. Some posts left room for a conservative scenario, flagging the $50,000–$40,000 area as a possible “last leg down” zone, while others emphasized that timing exact tops and bottoms is notoriously difficult (“you never catch the ultimate low”).

Energy, mining, and macro themes also trended… geopolitical headlines gained weight

Interest also rose around a Cambridge-related note that hydropower has surpassed natural gas as the top energy source for Bitcoin mining, renewing discussion about changes in the mining energy mix. Geopolitical developments took up a large share of attention: Russian remarks that a “freeze” in the Ukraine war is impossible, U.S.–Ukraine discussions about a potential “air ceasefire,” escalation risks tied to Iran, and progress in talks related to reopening the Strait of Hormuz. Additional commodity and trade items—such as Russia extending a gasoline export ban, increased U.S. imports of Russian fertilizer, and Russian gold producers adapting to sanctions—were shared alongside crypto topics, suggesting investor attention expanding from crypto-specific news into broader macro drivers.

Overall, BitMart’s purported shutdown dominated the day’s discussions, merging “exchange risk” with renewed focus on self-custody. Meanwhile, Bitcoin remained rangebound amid stalled ETF flows and disagreement over whether a final capitulation has yet to happen, while Middle East and Ukraine headlines amplified perceived market uncertainty. This report was written based on Telegram messages collected using DataMaxiPlus community-analysis technology.