CoinShares' James Butterfill attributes the large pullbacks to uncertainty about possible interest rate adjustments from the Federal Reserve (FED). Butterfill stated that he observed that investor confidence was shaken, and that these continuous outflows were due to increasing doubts about the possibility of the FED to cut interest rates this year.
This sensitivity is not limited to the USA only. Funds in Canada, Germany and Hong Kong are also witnessing significant declines, while regions such as Brazil and Switzerland are recording net inflows, indicating a more optimistic outlook in some sectors.
While Bitcoin was the cryptocurrency most affected by these outflows, other cryptocurrencies such as Ethereum also faced large outflows and lost $58 million. This seems consistent with the expectation of new filings that some issuers plan to make to the SEC.
Despite widespread outflows, altcoins such as Solana, Litecoin, and Polygon are reversing the trend, recording net inflows. Some investors consider current market declines as strategic entry points.
Crypto market volatility has hurt Bitcoin, falling 4.7% in the last 24 hours and 6.6% in the past week to $61,186. This sharp decline caused widespread market liquidations.
According to Coinglass data, 91,772 traders were liquidated within 24 hours, resulting in a total loss of $308.97 million. $123.35 million of these losses came from Bitcoin traders.
Amidst this turmoil, some industry leaders remain confident. Strike CEO Jack Mallers is optimistic about Bitcoin's long-term perspective. In a discussion with analyst Scott Melker, Mallers predicted that despite current volatility, Bitcoin could rise between $250,000 and $1 million in the next market cycle. He attributes this situation to the depreciation of the dollar, positioning Bitcoin as an inflation hedge against currency devaluation.
PLEASE READ CAREFULLY FOR THE GIFT OF 10 DOLLARS.
My friends, you know that we, the publishers, are doing everything we can for you here. We are informing you about the services and facilities offered to us by our authorities. I have never stopped supporting both the Cryptocurrency market and you as much as I could, and on the contrary, I am trying to provide more support.
THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE SPECIALLY FOR ME BY BINACE. YOU CAN GET THE CONFIRMATION I SAID ABOUT THIS BY CONTACTING LIVE HELP. THIS IS A 10 DOLLAR CAMPAIGN MADE TO YOU THROUGH ME.
Now I will tell you how to receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.
So who will benefit?
Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.
I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,
My brothers and sisters who want to complete this transaction and receive the 10 USDT reward by MAY 1 can do so. After activating your account, all you have to do is open your first futures transaction.
The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
So let me give you a tactic like this: Even if you open and close 20x with a $5 transaction, you will be entitled to the reward.
However, even if you do this after May 1, your reward will not come. So get it done by May 1st. In fact, right now I say you can fix it in 5 seconds.
Very simple. Go to Futures, enter my reference code 88623008 and activate the account. Afterwards, just open a total of 200 USDT transactions and get 10 USDT reward.
WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.
You can help your friends in need by sharing this post.
BY THE WAY, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. DON'T FORGET TO FOLLOW IF YOU HAVE NOT FOLLOWED YET. KIND REGARDS.
