Binance Whales Remain Steady Amid Market Volatility and ETF Outflows
Whales on Bitcoin are maintaining their positions on Binance despite macroeconomic uncertainties and significant outflows from US-based spot BTC ETFs.
Recent market selloffs followed US President Donald Trump's announcement of a 145% tariff on imports from China, leading to a 125% tariff response from China. On April 9, Trump announced a 90-day pause on these tariffs (excluding those on China), which initially boosted the crypto market.
Key points:
- Binance saw a $3 billion decline in large inflows as upward momentum in the market was noted.
- Whale activity indicates stabilization, with decreasing Exchange Whale Ratios and inflows.
- The global crypto market cap fell by 0.4% to $2.67 trillion.
- From April 7 to 11, US spot BTC ETFs recorded a net outflow of $713 million.
- ETH-based ETFs experienced a net outflow of $82.4 million during the same period.
- Current prices: Bitcoin at $84,450 (-0.2%), Ethereum around $1,600.
- Liquidations reached approximately $341 million within the last 24 hours, with $213 million in longs and $127 million in shorts liquidated.