24h volatility:
0.5%
Market cap:
$1.68 T
Vol. 24h:
$30.67 B
whales on Binance, the leviathan of crypto exchanges, remain as serene as a monk in meditation, despite the tempest of macroeconomic uncertainty and the hemorrhaging of funds from US-based spot BTC exchange-traded funds. 🧘♂️💸
Last week, financial markets, including the crypto realm, were thrown into disarray as US President Donald Trump, in a fit of tariff-induced bravado, escalated the rate on Chinese imports to a staggering 145%. China, not one to be outdone, retaliated with a 125% tariff on US goods. 🚨🇺🇸🇨🇳
On April 9, Trump, perhaps sensing the chaos he had wrought, announced a 90-day pause on the tariffs—except for China, of course. This sparked a glimmer of hope in the crypto market, but the volatility, much like a restless spirit, refused to be quelled by the specter of a trade war and the looming threat of recession. 🌪️📉
According to a CryptoQuant analysis, the once-mighty inflows into Binance have dwindled by $3 billion as the market began its upward climb. 📉➡️📈
How are Binance whales reacting to market uncertainty?
“It appears that Binance whales are not panicking. On the contrary, both the Exchange Whale Ratio and whale inflows on Binance are decreasing.” – By @Darkfost_Coc
Read more ⤵️
— CryptoQuant.com (@cryptoquant_com) April 14, 2025
This movement echoes the May 2024 correction, as the selling pressure from Binance whales seems to be stabilizing, much like a ship finding its bearings in a storm. 🚢⚓
Another Selloff?
The crypto market is once again in the throes of correction. The global crypto market cap has dipped by 0.4% to $2.67 trillion, according to CoinMarketCap. 📉🌍
This mild selloff coincides with Bitcoin and Ethereum (ETH) investment products ending last week with strong outflows. From April 7 to 11, spot BTC ETFs in the US recorded a total net outflow of $713 million, according to data from SoSoValue. 💸📉
ETH-based ETFs saw $82.4 million in net outflow during the same period. 📉💸
Bitcoin
BTC
$84,865
24h volatility:
0.5%
Market cap:
$1.68 T
Vol. 24h:
$30.67 B
is currently trading at $84,450 after a 0.2% drop in the past 24 hours. Ethereum
ETH
$1,675
24h volatility:
4.6%
Market cap:
$202.19 B
Vol. 24h:
$15.63 B
has been meandering around the $1,600 mark, like a lost soul in search of direction. 🧭💭
The market-wide correction has also led to increased liquidations. According to CoinGlass data, roughly $341 million—$213 million longs and $127 million shorts—has been wiped out from the crypto market in the past 24 hours. 💥💸
Read More
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2025-04-14 15:37