Update on Crypto market situation - April 11, 2022
+The amount of Bitcoin held by miners dropped to 1.794 million coins, the lowest level in 3 years, according to data from CryptoQuant.
+Mining difficulty increased 3.92% to a record 86.39 T, reflecting higher network speeds.
+According to CryptoQuant, the impact of the Bitcoin halving event on the price has "waned" and demand is currently the main driver driving the market.
+A survey by Deutsche Bank shows that individual investors' views on cryptocurrencies became more positive in Q1.
+On April 10, the trading volume of BlackRock's IBIT ETF was 1.51 billion USD and that of Grayscale's GBTC was 616 million USD.
+A European regulator believes that the upcoming MiCA rule will have limited impact on the region's cryptocurrency market.
+According to Reuters, MicroStrategy's short position has lost $1.92 billion since March.
+Binance's chief compliance officer comments on working with Nigerian authorities to ensure jailed executives are released.
+The total value of contract liquidation on all exchanges was 269 million USD in the past 24 hours, of which 167 million USD were long positions.
+Grayscale GBTC only received a net cash flow of 17.5 million USD on April 10, the lowest cash outflow since converting into an ETF.
The total net assets of Bitcoin ETFs are currently $57.8 billion with an AUM weighting of 4.25%.
+Grayscale CEO says GBTC withdrawals are starting to stabilize at a more balanced level.