E R Y X

USDT reserves make a comeback

CryptoQuant’s data seemed to paint a compelling picture – After a sharp midweek dip, USDT reserves on Binance have rebounded with remarkable consistency

From a low near 25.93B, the reserves have surged past 26.13B

This formed a steep upward arc almost like a coiled spring

These type of inflows suggest traders are quietly reloading their ammo - Market participants appear to be readying for action

The return of liquidity – especially in the form of stablecoins is rarely idle

In fact, it’s often the first sign that capital is positioning ahead of a move

Grayscale GBTC generated more annual revenues than all other U.S. spot BTC ETFs combined

However, GBTC’s $BTC has dropped about 70% since its ETF conversion in January 2024.

Before the debut, GBTC held about 619,000 BTC. Sixteen months later, the GBTC’s holdings dropped to 191,000 BTC, a nearly 70% decline in assets under management (AUM).

As shown by Geraci’s data, GBTC charged the highest fees of 1.5% while the rest of the products had an average cost of 0.15%-0.94%. Yet GBTC dominated the overall annual revenue.

According to Bloomberg ETF analyst Eric Balchunas, GBTC’s 1.5% fee was considered average in the traditional ETF market.

However, other analysts pointed out that most investors were captured in GBTC due to the heavy tax implications of switching to a cheaper alternative. Daniel Sempere, a business coach, stated,

“Paying the capital gains to switch out of GBTC is more painful than paying the extra fees, I guess.”

Simply put, the high fees and captive tax implications boosted GBTC earnings. However, can the expected approval of in-kind redemption for ETFs affect GBTC’s moat?

According to experts, in-kind redemption, using BTC instead of cash, would lower the tax burden, especially for large investors. Despite in-kind redemption being tax-efficient, individual investors sitting on massive unrealized gains will still face capital gains tax.

That said, GBTC ranked third on the AUM front with $17.8 billion. The BlackRock iShares BTC ETF topped the AUM list with $54.8 billion, followed by Fidelity’s FBTC at $18 billion.

After the slump in Q1 2025, the spot BTC ETFs saw renewed demand in April, with a whopping $3 billion in inflows.

This boosted BTC’s recovery to $94k, up 26% from the year’s low of $74.5k. In the short term, the $92K range low support and $100K overhead mid-range resistance were key levels to watch.

Whales are accumulating

On-chain data reveals a significant $ETH Ethereum whale transaction, involving the OTC purchase of 30,000 ETH ($54 million) through Wintermute.

The deal was executed via two USDC transfers totaling over $110 million, routed to Wintermute’s OTC wallet. Shortly after, the whale wallet received the full crypto assets.

While the broader market remains cautious, this move underscores growing conviction among high-net-worth investors. Such quiet accumulation, though not always headline-worthy, often precedes major price action.

What insight might this whale have that the rest of the market lacks?

Whale holdings remain steady

Supporting this narrative, broader Ethereum whale activity has remained relatively stable over the past week.

Data from Santiment shows that the number of wallets holding between 1,000 and 100,000 ETH has largely held its ground, even as ETH prices climbed from the $1.5K range to around $1.7K.

Meanwhile, whale transaction counts have risen sharply since April 21st, coinciding with ETH’s breakout.

This steady base of whale holders, combined with a recent uptick in large transactions, hints at growing institutional confidence rather than speculation.

$ETH price outlook

Ethereum’s recent breakout above $1,750 appears to be holding, with the asset trading near $1,800 at press time.

The RSI on the daily chart remained neutral at around 55, suggesting there’s room for further upside without immediate overbought pressure

Meanwhile, the MACD continued to flash a bullish crossover, with the MACD line staying comfortably above the signal line, showing strengthening positive momentum.

With steady whale accumulation in the backdrop, ETH could target the $1,850-$1,900 zone next, provided broader market conditions remain stable.

A clean break above $1,900 could open the door toward $2,000 in the coming sessions.

The Altcoin Game Has Changed

$BTC owned this cycle — no doubt about it.
But altcoins?

They’re far from done

We’re not in the era of wild, unpredictable “altcoin seasons” anymore.
Now it’s about altcoin cycles — slow, steady, and strategic.

TOTAL2 held firm even through the bear market.
Capital is flowing into altcoins with purpose, not FOMO.

It’s not about chasing pumps anymore.
It’s about smart accumulation and real market structure.

The next altcoin wave won’t look like the last one.
It’ll be quieter… but way more powerful

$BTC liquidation map is super interesting rn

There’s a heavy cluster of long liquidations between $93K–$94K — basically acting as key support

If we dip below it could see a liquidation cascade down toward $91K fast

On the flip side if $BTC can flip $95,783 into support, there’s way less liquidation overhead — meaning we could rip higher with less resistance

With rising leverage, the MVRV setup, and the wedge breakout in play, a bullish continuation looks possible…

But if $95,783 doesn’t break soon, we could be looking at some sharp corrections instead

Critical moment here — next moves will be telling

$INIT
Delivering crazy 🔥

You don’t need capital to start making money on Binance

If you’re consistent and know where to look, you can easily earn $40–$60 a day—without ever spending a dollar

Let me break down how people are doing it and how you can too

1. Turn Your Crypto Knowledge into Daily Income
Binance Feed isn’t just a news tab—it’s a platform where creators are making real money by sharing what they know

Think of it like Twitter or TikTok, but inside Binance—and focused only on crypto

Here’s the play:

• Post 3–5 times a day (charts, memes, market updates—whatever you’re good at)
• Focus on what’s trending
• Use clean visuals and keep things valuable

The reward?
Top creators are consistently making $40–$100 a day, paid out weekly in USDT

2. Make Your Network Work for You
You don’t need thousands of followers to succeed with Binance’s referral program

Just do this:

• Grab your unique referral link
• Share it on Telegram, X, WhatsApp, or wherever you talk crypto
• Help people get started on Binance (and educate them a bit)

Binance gives you a cut of their trading fees—forever.
Some users are pulling $10 to $300 daily just by being active in their communities

3. Learn. Earn. Repeat
Every week, Binance drops simple educational campaigns—watch a video, take a quiz, get rewarded.

Yup, you literally get paid to learn about crypto

Tip — Keep an eye on the “Learn & Earn” section inside the app. These opportunities go fast

4. Tap Into Giveaways & Campaigns
From token airdrops to mini trading challenges, Binance is always launching easy events that reward activity

Some are as simple as:

• Signing up for a new token campaign
• Completing a few easy tasks
• Holding a coin for a few days

It adds up

You don’t need capital. You need consistency

Pick one method (or combine a few), stay active—and your daily Binance hustle can turn into a legit income stream

Let me know if you want help getting started

$RUNE ✅✅

Looking for shorts on $RUNE

$APT a perfect call ✅

$WLD perfect ✅

$WLD within minutes ✅

$WLD short

$BAND ✅

Within minutes

$BAND

$BAND long

$APT

Another perfect call ⚡️

$APT ✅ within seconds

$APT - LONG