On April 4th, according to CryptoQuant data, before Trump's speech, bitcoin, ethereum and XRP funds flooded into exchanges, indicating that investors were interested in cashing out. Bitcoin single block trading volume reached 2500 BTC at one point, Ethereum flowed into exchanges at 80,000 ETH per hour, and XRP flowed into 130 million coins per hour, far exceeding the previous day's level of less than 10 million per hour. In addition, Coinbase in the United States also observed an increase in bitcoin deposits, especially from large holders.
CryptoQuant pointed out that the economic uncertainty caused investors to close long positions and take profits, and the demand for Bitcoin and Ethereum in the sustainable futures market decreased. The market is currently focused on the US non-farm payrolls report to be released on Friday, which will provide insights into the economic health of job growth, unemployment trends and wage changes, or provide support for the short-term rebound of the market.
CryptoQuant: Increasing economic uncertainty has led to a decline in demand for BTC and ETH, with the market focusing on non-agricultural data
2025-04-04 07:39:45
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