The current price range of Bitcoin may not relay much, but a change in 
ownership structure is taking place under the surface. Related Reading: Forget 
XRP Forecasts: The ‘Delusional’ Crowd Could Have The Last Laugh On-chain data 
from CryptoQuant shows that one cohort of market participants is stepping back 
from exchange activity at a pace not seen in nearly a year, while another is 
quietly rebuilding at a scale that demands attention. Whale Inflows On Binance 
Fall To Multi-Month Lows The 30-day sum of whale inflows to Binance has fallen 
massively in recent days, falling to $2.96 billion as of the latest 
CryptoQuant data, the first reading below $3 billion since June 2025. The drop 
in exchange inflow is a departure from the elevated inflow levels that 
characterized the entire period between February and early March, when the 
same metric was consistently tracking above $6 billion and briefly touched $8 
billion. That detail matters because exchange inflows from whales are an 
intent to sell or reposition. When these flows begin to dry up, it shows that 
large players are no longer rushing to offload their supply. BTC- Binance 
Whale To Exchange Flow At the same time, long-term holders are rebuilding 
exposure at scale. This exposure can be seen through the 30-day realized cap 
change for this group. This metric captures the value of coins being absorbed 
into long-term storage, and its reading reached as high as $49 billion on 
April 9. That contrast is clearly visible in the behavior of short-term 
holders, whose realized cap change has dropped to -$54 billion. This is the 
third time since early March that short-term holders have registered losses 
exceeding $50 billion on a 30-day basis. This data shows that reactive 
participants are exiting positions under pressure, while longer-term investors 
are buying more into that weakness and tightening supply. BTC: STH LTH Net 
Position Realized Cap The Setup For A Squeeze Is Building Speaking of 
tightening supply, data from the derivatives market is showing a signal as to 
how there might be an incoming short squeeze. The impression across 
derivatives and spot metrics is a market where bearish sentiment has become 
heavily concentrated in leveraged positions, while physical supply is 
migrating off crypto exchanges. Funding rates across all major exchanges came 
in at -0.0118% on April 10 and -0.0101% on April 11, two consecutive sessions 
of strongly negative readings. Negative funding has become the dominant regime 
since late March, and throughout April the metric has remained in negative 
territory without a single positive flip. Bitcoin Funding Rates The negative 
funding means short positions are paying longs to maintain their bearish 
exposure, and short positions are becoming overcrowded. At the same time, open 
interest climbed from around $21.87 billion on April 6 to $24.37 billion by 
April 10. Rising open interest alongside persistently negative funding is a 
characteristic signature of leveraged short accumulation. Meanwhile, spot 
supply continues to tighten up. Many coins are being moved off crypto 
exchanges, and exchange netflows recorded about 7,900 BTC in outflows over 
April 9 and 10 combined. Related Reading: XRP Eyes $17 After Massive 
Breakout—Is A 1,100% Surge Next? Off-exchange, the 30-day change in OTC desk 
balances has turned negative, which is a sign that institutions or large 
buyers are absorbing supply outside of visible market infrastructure. Bitcoin 
Total OTC Desk Balance Featured image from Unsplash, chart from TradingView

Bitcoin Supply Shock Brewing? Whales Step Back As Long-Term Holders Absorb $49B

The blockade heightens geopolitical tensions, potentially destabilizing global 
markets and impacting energy security and cryptocurrency values.
The post Trump announces Strait of Hormuz blockade as Iran nuclear talks 
collapse, Bitcoin extends losses appeared first on Crypto Briefing.

Trump announces Strait of Hormuz blockade as Iran nuclear talks collapse, Bitcoin extends losses

Stablecoin adoption in Europe is shifting from strategy to execution, with 
demand increasingly driven by real-world needs.

Banks, corporates in Europe ‘actively selecting partners’ for stablecoin push

European banks and corporates are picking stablecoin partners as MiCA rules 
and payment demand push adoption across markets

Europe banks pick stablecoin partners as MiCA srives shift

The US-Iran ceasefire made oil retreat, European equities posted their largest 
single-day gain in more than four years, and crypto joined the relief wave 
alongside everything else. During the relief, traders rotated sharply into 
privacy-adjacent names, pushing Zcash up roughly 59.6% over seven days and 
Dash up about 47.3% over the same window. CoinGecko&#8217;s privacy […]
The post Zcash beats Bitcoin by 46% as privacy coins decouple during Iran War 
appeared first on CryptoSlate.

Cryptocurrency price in NOK