Record Year-to-Date Inflows of $13.8 Billion in Crypto Investment Products
Global crypto investment products have witnessed an unprecedented surge in annual inflows, reaching $13.8 billion year-to-date, with an additional $646 million added last week. However, there are indications that the hype surrounding exchange-traded funds (ETFs) is beginning to moderate, according to James Butterfill, Head of Research at CoinShares.
Leading asset managers such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares collectively attracted $646 million in inflows globally last week, as reported by CoinShares. This follows the previous week’s net inflows of $862 million, pushing the year-to-date inflows to a historic high of $13.8 billion, surpassing the prior annual record of $10.6 billion set in 2021, within just a few months into 2024.
This surge indicates a sustained recovery for global crypto funds, following nearly $1 billion worth of outflows observed for the week ending March 22. However, Butterfill noted a moderation in appetite from ETF investors, with weekly flow levels not reaching the heights seen in early March. Additionally, trading volumes declined to $17.4 billion last week compared to $43 billion in the first week of March.
Dormant Bitcoin Whale Awakes as BTC Price Heads Toward $70K
Bitcoin’s price recovery continues as the asset jumped to over $69,000 and came close to challenging $70,000 hours ago.
This price fluctuation comes amid increased activity from large BTC investors, according to on-chain data.
BTCUSD. Source: TradingView
The first whale move was observed by several on-chain data providers, such as Lookonchain and Twitter.com/whale_alert/status/1776555778633007127″ data-wpel-link=”external” target=”_blank”>Whale Alert. The resources informed that a Bitcoin investor who had accumulated a notable stash of nearly 4,300 BTC a decade ago at an average price of less than $30 had decided to move a small portion.
Interestingly, this was the anonymous whale’s first Bitcoin transfer (at least for this wallet) in just over ten years. They moved 246 BTC, worth close to $17 million at yesterday’s prices.
Given their average purchasing price of $29.39 in 2013, this whale’s ROI since then is a mindblowing percentage of 230,000%.
bullish run! Here's a strategic approach to maximize your gains: 1: Enter the market at the current price of 0.0135. Step 2: Set a second entry point at 0.013 using a limit order for added precision. Targets are locked in at:
0.0145 0.015 0.0155 0.016 0.0165 0.017 Let's ride this wave of opportunity with #BOME🔥🔥🔥 🌊📈 Don't miss out on the potential gains!
Bitcoin Halving Inches Closer With Less Than 2,900 Blocks Left
Bitcoin Halving Set For April 19
Data from Coinwarz shows that the Bitcoin Halving is set to take place on April 19 at Block 840,000. This projection is based on Bitcoin’s current block time average, which means the Halving can come a little earlier or sometime after April 19. However, the main focus remains that miners’ supply will be cut in half.
Bitcoin Flash Crash Washes Out 81,000 Crypto Traders For Over $220 Million
81,000 Crypto Traders Lose $220 Million
The Bitcoin flash crash hit support just above $68,800 but crypto traders are already feeling the brunt of the large move. In the last day, more than 81,000 traders have lost their leveraged positions and the volume of their liquidations have piled up.
According to data from Coinglass, the numbers have climbed above 81,400 crypto traders who were liquidated as a result of the crash. In total, over $223 million was also lost during this time from all of the flushed positions. Then, the single largest liquidation took place on the OKX exchange across the ETH-USD-SWAP pair. This trader alone lost $7 million when their position was liquidated.
As expected, the majority of the losses have come from long traders, with Coinglass showing a total of 70.01% of the liquidated positions being longs. This means that long liquidation volumes climbed above $156 million during the last 24 hours.
The crypto exchange with the largest liquidation volumes was the OKX exchange, accounting for 46.87%, or $104.61 million, of all liquidations. Binance came in second place with 38.72%, or $86.41 million. Meanwhile, Bybit saw the third-largest liquidation volume at 8.4%, or $18.75 million.
Today’s examination of the top meme coins to monitor includes Samoyedcoin, Solabrado, and Dawg coin. We also analyze a new token, Smog, which is currently making waves in the crypto market. We will delve into recent developments, market trends, and other factors contributing to the upward trajectory of these meme tokens.
The capability to outshine during market downturns, while numerous top 100 cryptocurrencies struggle with substantial declines, underscores the resilience of Dawg coin. The token has grown by about 60% in the past seven days alone.
1. Samoyedcoin (SAMO)
Samoyedcoin is a utility token operating on the Solana blockchain. It aims to foster community engagement through “The Samo Famo.” This community-centric approach aligns with SAMO’s mission. It promotes and educates users about Solana while creating a symbol of fun and unity. SAMO serves as a digital asset. It also acts as an ambassador for the Solana ecosystem.
Furthermore, the team behind the token, although anonymous, builds innovative projects. Their latest project has seen SAMO launch into Solana’s experimental Web 3.0 community. To ensure transparency and security, Certik has fully audited the token. Its liquidity has also been locked forever
Crypto investor and enthusiast Oscar Ramos explores the complex realm of Dogecoin20, a recently emerged presale project aiming to capitalize on the pre-halving season.
In his latest review, Oscar Ramos examines the project’s promise, its team, and the distinctive features that distinguish it in the competitive crypto realm.
With the crypto market showing volatility, Oscar Ramos points out notable changes, including a 5% decline in Bitcoin over the past 24 hours. In this scenario, Dogecoin20 enters the scene, offering potential gains for investors.