flows

According to Fortune, U.S. Senator Richard Blumenthal (Democrat, Connecticut) has sent a letter to the Department of Justice (DOJ) and the Financial Crimes Enforcement Network (FinCEN) requesting clarification on the status of two compliance supervisors at the world's largest cryptocurrency exchange, Binance.Previous reports indicated that internal investigators at Binance had warned executives that over $1 billion in funds were flowing to wallets associated with Iran, but were subsequently fired. Binance denies that the firings were related to the investigation results and claims that its compliance system is strict. Notably, the DOJ had previously terminated independent oversight requirements for Glencore and Boeing, raising concerns about whether the oversight mechanism has also been suspended for Binance. In 2023, Binance was fined $4.3 billion for deficiencies in anti-money laundering and sanctions compliance, and the two supervisors were part of the agreement at that time.

According to GMGN data, the top 5 tokens with net inflow from KOL in the past 24 hours are as follows:CAR (817n....ump): Net inflow of $2,000, with a 24-hour increase of 700.6%, currently priced at $0.0001.BP (BPxx....PCy): Net inflow of $1,000, with a 24-hour increase of 5.3%, currently priced at $0.1482.PNP (4tsg....rrr): Net inflow of $1,000, with a 24-hour increase of 234.1%, currently priced at $0.0001.Marmot (6hh1....rrr): Net inflow of $878, with a 24-hour increase of 902.6%, currently priced at $0.0008.Goose (3cjk....ump): Net inflow of $799, with a 24-hour increase of 89.8%, currently priced at $0.0001.

CryptoQuant indicates that Bitcoin's recent rebound is facing increasing selling pressure risks, with on-chain data showing a significant rise in funds flowing into exchanges. Bitcoin previously broke through $76,000 but faced pressure and retreated as it approached the key resistance zone around $76,800. This position corresponds to the "on-chain realized price" range, which historically often becomes the top of a rebound, as many investors with positions close to breakeven tend to sell.Data shows that the hourly inflow of Bitcoin into exchanges has risen to about 11,000 coins, the highest level since the end of 2025, and is typically seen as a potential selling signal. At the same time, the scale of large holders (whales) transferring to exchanges is also expanding. Analysts believe that if this resistance level remains effective, Bitcoin may face short-term correction pressure, with key support levels around $67,600.

According to Decrypt, Bitcoin's price recently approached $75,000, driven by improved risk appetite and easing geopolitical tensions.Since the outbreak of the Iran conflict on February 28, Bitcoin has risen approximately 13%, outperforming the S&P 500 index and gold. Data shows that bearish pressure in the options market has weakened, with the 25-Delta Skew rebounding from -10% to -4.5%, indicating a decrease in investor demand for downside protection. Last week, CoinShares data revealed that net inflows into cryptocurrency investment products reached $1.1 billion, marking the best weekly performance of the year, with the U.S. spot Bitcoin ETF recording a net inflow of $786 million. Analysts point out that the continued inflow of ETF funds and institutional demand have become the main factors driving Bitcoin's rise. Experts remind that inflation, Federal Reserve policies, and changes in geopolitical situations may affect future trends.

According to an article in the American Bankers Association (ABA) Journal, experts including the ABA's chief economist point out that the recent research report by the White House Council of Economic Advisers (CEA) on the issuance of yield from payment stablecoins raises the wrong questions and may mislead policymakers.The CEA report mainly explores "how prohibiting the issuance of yield from payment stablecoins will affect bank lending," concluding that banning yields would only increase bank lending by about $1.2 billion, with minimal impact.However, the ABA believes that the real policy concern is not the consequences of "prohibition," but the risks that may arise from "allowing" the issuance of yield from payment stablecoins: accelerating deposit outflows, allowing yields to stimulate households and businesses to move funds from bank deposits (especially community banks) to stablecoins, which would have a significant impact when the market size expands to $1-2 trillion. ABA analysis shows that loans in Iowa alone could decrease by $4.4 billion to $8.7 billion as a result.Impact on community banks: Deposit outflows will force community banks to replace funding with higher-cost wholesale financing (such as Federal Home Loan Bank advances), raising their funding costs and thereby reducing loans to local households and small businesses. It is not a harmless "reshuffling": The CEA believes that deposits are merely "reshuffled" within the banking system, with overall impact being minimal.However, the ABA points out that deposits flowing from community banks to a few large institutions or stablecoin reserve accounts will harm sectors that rely on relationship-based bank lending. The ABA believes that prohibiting the issuance of yield from payment stablecoins is a prudent protective measure that allows stablecoins to mature as a tool for payment innovation rather than becoming a source of economic risk that substitutes for insured deposits.

According to the CoinShares research report (Issue 281), last week, digital asset investment products recorded a net inflow of $1.1 billion, the highest weekly level this year. The main reasons were that the U.S. CPI data was lower than expected and signs of a ceasefire in the situation in Iran, leading to a significant rebound in market risk appetite.In terms of asset distribution, Bitcoin led with a weekly inflow of $871 million, accumulating nearly $2 billion year-to-date; Ethereum saw a significant improvement in sentiment with an inflow of $196.5 million, but it still maintained a net outflow year-to-date; XRP had an inflow of $19.3 million; Solana experienced a slight outflow of $2.5 million. Notably, short Bitcoin products had an inflow of $20.2 million during the same period, marking the largest weekly inflow since November 2024, indicating that hedging demand still exists.On a regional level, the U.S. dominated this round of inflows, accounting for 95% of the total at $1.06 billion; Germany, Canada, and Switzerland recorded inflows of $34.6 million, $7.8 million, and $6.9 million, respectively. Trading volume increased by 13% week-on-week, but the weekly trading volume of $2.1 billion remains below the year-to-date average of $3.1 billion, and total assets under management have rebounded to early February levels.

Analyst Markus Thielen stated that the fund flow into Bitcoin ETFs has recently turned positive again and is expected to achieve net inflows for the second consecutive month, indicating an improvement in market sentiment.Data shows that the current fund flow trend is highly similar to that of the same period in 2025. At that time, the fund inflow was relatively smooth at the beginning of the year, but then there was a concentrated inflow of about $30 billion, which drove Bitcoin to continue rising in the following months.Analysis suggests that the recent fund inflow indicates that the market has gradually digested the previous selling pressure, marking the first net inflow since March, which may provide support for future market trends.

According to DefiLlama data, the net inflow of funds for Ethereum cross-chain bridges in the past 7 days reached $11.112 billion, ranking first among all public chains. Following are Solana and Polygon, with net inflows of $497 million and $397 million, respectively.Base, Plasma, Ink, Avalanche, Arbitrum, and Tron also experienced varying degrees of net inflow, amounting to $275 million, $214 million, $165 million, $157 million, $126 million, and $54 million, respectively.

CryptoQuant analyst Amr Taha stated that the inflow of Bitcoin whales on the Binance platform has fallen below $3 billion for the first time since June 2025. The 30-day realized market value change for long-term holders (LTH) rebounded to $49 billion on April 9, marking the second time it has returned to this level since March 26.In contrast, the 30-day realized market value change for short-term holders (STH) dropped to -$54 billion, marking the third time it has fallen below -$50 billion since March 2.Overall, these data indicate that weak holders are still distributing Bitcoin, while long-term holders are re-entering to absorb the supply.

According to The Block, Bitcoin has continued to fluctuate at high levels this week, with prices remaining above $72,000, influenced by the situation in the Middle East and U.S. CPI inflation data. The spot Bitcoin ETF recorded a net inflow of $358 million, while Ethereum funds saw an additional approximately $85 million in funding.Analysts point out that although the risk premium has decreased due to the ceasefire in the Middle East, the market has not yet returned to normal, with oil prices, interest rates, and crypto assets closely linked. The March CPI increased by 3.3% year-on-year, slightly below expectations, with rising energy costs being the main driver. Institutional investors remain cautious about risks, and the options market indicates that summer volatility may tend to calm down. The current Bitcoin trend is driven by macroeconomic and geopolitical factors, with traders waiting for more data to determine the subsequent direction.

According to CoinDesk, JPMorgan released a report stating that the total inflow of digital assets in the first quarter of 2026 is approximately $11 billion, annualized at about $44 billion, which is about one-third of the same period in 2025.Analysts Nikolaos Panigirtzoglou and others pointed out that the inflow of funds from retail and institutional investors is low or even negative, with the inflow in the first quarter mainly coming from Bitcoin purchases by Strategy and concentrated crypto venture capital financing.The overall cryptocurrency market declined in the first quarter, with the total market capitalization dropping by about 20%, Bitcoin falling by about 23%, and ETH declining by over 30%. The sell-off was driven by macroeconomic and geopolitical pressures, with altcoins experiencing even larger declines. Prices stabilized towards the end of the quarter, with Bitcoin consolidating around $70,000.The report noted that CME futures positions for Bitcoin and ETH weakened compared to 2024 and 2025, with net outflows for spot Bitcoin and ETH ETFs occurring in the first quarter, mainly concentrated in January, while inflows for Bitcoin ETFs rebounded in March.Strategy remains the main buyer, primarily providing funding for Bitcoin purchases through equity issuance, while other corporate holders are relatively conservative, with some selling Bitcoin for buybacks. Bitcoin miners were net sellers in this quarter. The annualized pace of crypto venture capital funding is higher than in the previous two years, but it is concentrated in a few large transactions, with funds continuing to flow into infrastructure, stablecoins, payments, and tokenization.

JPMorgan analysis indicates that the capital flow of digital assets in the first quarter of 2026 is approximately $11 billion, only about one-third of the same period last year, showing a significant slowdown in market momentum.At the current annualized pace, the total capital flow for the year may be around $44 billion, far below the historical peak of about $130 billion in 2025. In terms of capital structure, the main sources of inflow this quarter are corporate balance sheet allocations (especially companies like Strategy continuously buying Bitcoin) and crypto venture capital, while participation from traditional investors (including institutions and retail investors) has significantly declined. Additionally, CME Bitcoin futures positions have weakened, reflecting a negative shift in institutional demand; spot Bitcoin and Ethereum ETFs experienced capital outflows in January, and although there was some inflow in March, the overall trend remains weak. The analysis suggests that the current market exhibits a structure characterized by "a few large funds dominating," rather than a broad capital return.

According to GMGN data, the top 5 tokens with net inflow of KOL in the past 24 hours are as follows:UST (JAhe....ump): net inflow of $2,000, with a 24-hour increase of 4460.6%, currently priced at $0.0002.SKULL (ExcH....ump): net inflow of $826, with a 24-hour increase of 1568%, currently priced at $0.0001.BELIEVE (HeC2....ump): net inflow of $777, with a 24-hour increase of 0.3%, currently priced at $0.0004.LOWE (WX2n....ump): net inflow of $463, with a 24-hour increase of 1182%, currently priced at $0.0001.plushpepe (ChgQ....ump): net inflow of $210, with a 24-hour increase of 64.3%, currently priced at $0.0001.

According to Arkham data, at 00:16, 3,099 BTC (worth approximately 200 million USD) was transferred from one anonymous address (starting with bc1q0va6krf4ve5jv37jj2nh4gu2tgk5mdzrtgutqm) to another anonymous address (starting with bc1ql9588p6a27at08tdpyqvpalm09z0s2ncgw2lvs). Subsequently, this address transferred 3,000 BTC to 36X44rmLtk218sXACZ3gFpNMFENi6dQ2n3.

According to Arkham data, at 10:57, 187.76 BTC (worth approximately 12.29 million USD) was transferred from Coinbase to an anonymous address (starting with 1MsDtxWA...). Subsequently, that address transferred some BTC back to Coinbase.

Bitfinex Alpha's latest report supports that the current Bitcoin trend is under dual pressure from weakening demand and a deteriorating macro environment, with the market's future direction gradually being dominated by ETF fund flows.Currently, after failing to break through the range high, Bitcoin has fallen back to near the monthly opening level. The recent rise has been driven more by short liquidations rather than support from spot buying, reflecting insufficient upward momentum.At the same time, there has been a noticeable change in institutional funds. The continuous net outflow of Bitcoin ETFs indicates that the market is actively de-risking, and the capacity to absorb funds has significantly slowed down, further suppressing price performance.

According to CoinShares, digital asset investment products recorded a net outflow of funds for the first time in five weeks last week, with an outflow of $414 million, bringing the total assets under management (AuM) down to $129 billion, reverting to levels seen in early February this year. Analyst James Butterfill pointed out that the ongoing tensions in Iran and rising inflation expectations are the main triggers, and market expectations for the June Federal Open Market Committee (FOMC) interest rate decision have shifted from rate cuts to rate hikes.From a regional perspective, the outflow pressure was almost entirely concentrated in the United States, with a net outflow of $445 million in a single week; Switzerland saw a slight outflow of $4 million. Investors in Germany and Canada took the opportunity to buy on dips, recording net inflows of $21.2 million and $15.9 million, respectively.In terms of assets, Ethereum was affected by news related to the Clarity Act, with a weekly outflow of $222 million, bringing the year-to-date cumulative net outflow to $273 million. Bitcoin experienced a weekly outflow of $194 million, but still maintained a net inflow of $964 million year-to-date; Solana had an outflow of $12.3 million. XRP was one of the few assets to record a net inflow, with a weekly inflow of $15.8 million.

According to Arkham data, at 14:53, 153.85 BTC (worth approximately 10.2 million USD) was transferred from one anonymous address (starting with bc1q30uu0...) to another anonymous address (starting with bc1qmla9...). Subsequently, that address transferred a portion of the BTC (0.0006868 BTC) to Roobet.

According to Bloomberg ETF analyst James Seyffart's post on platform X, data shows that Bitcoin ETFs recorded a large outflow of approximately $9 billion, but have currently recovered about $3 billion of the outflow.Although the overall net outflow still exceeds $6 billion, looking at the performance this year, the inflows and outflows of Bitcoin ETFs have nearly balanced out, indicating a certain recovery in market sentiment.

According to Lookonchain statistics, Bitcoin spot and related ETFs had a net outflow of 2,029 BTC in a single day, approximately $135 million, with a cumulative net outflow of 1,439 BTC over the past 7 days, about $95.4 million; Ethereum ETFs had a net outflow of 88,317 ETH in a single day, approximately $175 million, with a cumulative net outflow of 147,450 ETH over the past 7 days, about $293 million.In contrast, Solana ETFs had a net outflow of 7,316 SOL in a single day, approximately $607,000, but a net inflow of 35,436 SOL over the past 7 days, about $2.94 million, showing a slight return of funds.