Capital Trends: Both Bitcoin and Ethereum ETFs experienced net outflows.
Bitcoin ETF: A net outflow of $157.8 million yesterday, showing a trend of capital withdrawal for several consecutive days.
Ethereum ETF: Also facing selling pressure, with a net outflow of $3.6 million, market confidence short-term is insufficient.
Whales Sell Off ETH, Market Liquidity Under Pressure
In the past two weeks, 760,000 ETH were sold off by whales, with some early investors choosing to cash out at high levels.
An Ethereum OG Sold 2001 ETH in 6 Hours, Profiting $3.82 Million.
Another Whale Sold 5000 ETH in One Month, Profiting Over $8.67 Million.
Significant Drop in Large Transactions: Since February 25, the number of large ETH transactions has decreased by 63.8%, leading to reduced market activity.
Market Conditions: BTC Fluctuates and Rebounds, ETH Weakness Remains.
BTC: Short-term Volatility, Dropped to $82,500 Before Rebounding to $85,500, but Overall Sentiment is Low.
ETH: Briefly broke through $1900 before retreating, short-term funding and fundamentals are difficult to improve.
Altcoins: Mixed performance, AI sector remains a focal point for capital.
Industry Dynamics: Institutions Accelerate Layout, Regulatory Actions Continue
BlackRock Enters the UK: Approved by the UK FCA to become a compliant cryptocurrency company, further expanding globally.
GameStop Goes All in on Bitcoin: After completing a $1.3 billion financing, it announces plans to purchase large amounts of BTC.
Texas Plan to Accumulate Cryptocurrency: State legislators propose using $250 million in financial resources each year to purchase Bitcoin, emulating corporate reserve strategies.
Metaplanet Continues Accumulation: Increased holdings by 160 BTC, total holdings reach 4206, maintaining a bullish stance.
Focus Event: Policy and Market Tug of War
Countdown to Trump's Tariffs: Announcements of reciprocal tariff policies will be made in the early hours of April 3, market is on high alert, volatility risks increase sharply.
US SEC Cryptocurrency Meeting: Four more meetings to be held in the first half of the year, regulatory discussions continue to heat up.
TRUMP Token Mass Unlock: On April 18, 40 million tokens worth $413 million will be released, raising concerns about selling pressure.
Market Analysis
Recent market volatility will be considerable; tariffs, unemployment benefits, and major non-farm payrolls will increase opportunities for long and short positions. $85,000 is the current fluctuation range, the higher it goes, the greater the pressure, and the more cautious one must be about the risk of chasing prices. Significant volatility is expected tonight, so set profit-taking positions carefully. News: Closely monitor tonight's tariff policies, operate cautiously in the short term, and pay attention to institutional movements in the long term.
Other Key Dynamics
Binance Wallet's New Move: Launching PumpBTC's TGE event, attracting user participation.
Korean Legislators Become Rich from Holding Coins: Cryptocurrency holdings skyrocketed over 1000 times in seven years, raising compliance concerns.
UK Industry Call: Several associations jointly urge the government to prioritize cryptocurrency as a strategic focus and promote policy support.
Summary: Before policy implementation, the market is walking on thin ice.
Short-term Risks: Trump's tariff policy will be revealed tonight, potentially increasing market volatility; investors should be wary of sudden market movements.
Long-term Signal: Institutions Accelerate Layout, but Regulatory Uncertainty Still Exists.
Operation Suggestions: Keep a close eye on policy trends and avoid high-leverage operations; selling pressure on ETH has not stopped, be cautious when bottom-fishing.
(This content is for the learning and communication of cryptocurrency enthusiasts and does not constitute investment advice or recommendations. Please view it rationally, establish correct concepts, and enhance risk awareness.)