๐ก Crypto & Financial News Recap โ Last 24 Hours
๐ Major Market Moves
๐น The Ethereum Foundation is reportedly unstaking $48M worth of ETH โ a move that could introduce short-term sell pressure.
๐น A whale moved 300 BTC ($23.4M) to Binance after 2 years of inactivity โ estimated profit: $17.6M.
๐น Another whale has sent 5,532 ETH (~$13M) to the market, likely preparing to sell.
๐ฐ Bitcoin & Liquidity Flows
๐น MicroStrategy now holds more BTC than BlackRockโs ETF (IBIT).
๐น The Coinbase BTC Premium Index has stayed positive for 17 consecutive days โ signaling strong U.S. demand.
๐น Since Jan 2024, Bitcoin ETFs have only seen 9 months of outflows โ overall trend remains bullish.
๐น Spot BTC ETFs recorded ~$824M in inflows last week.
๐ On-Chain & Market Behavior
๐น BTC is trading around $77K, with ~65% of the market positioned long.
๐น Major short liquidations sit near $79,700 โ a potential price magnet.
๐น Whales accumulated ~270K BTC ($23B) over the past 30 days.
๐น Key indicators suggest the market is in an accumulation phase, not distribution.
โ ๏ธ Security & Risks
๐น DeFi platform Scallop was hacked on Sui, losing 150K SUI โ team promises full compensation.
๐น Scammer Evan Tangeman sentenced to 70 months in prison for a $263M crypto theft.
๐ Adoption & Growth
๐น Survey by NVIDIA: ~64% of companies are already using AI in operations.
๐น 35% of European investors would switch banks for better crypto services.
๐น Less than 10% of the global population owns crypto โ massive upside potential.
๐ Geopolitics & Markets
๐น Reports suggest Iran may propose reopening the Strait of Hormuz to ease tensions โ potential impact on energy & crypto markets.
๐ Stocks & Macro
๐น Amazon, Meta, Google, and Microsoft will report earnings on April 29 โ comparison with NVIDIA is key.
๐น 36% of traders are cutting daily expenses to maintain positions โ clear sign of psychological market pressure.