CryptoQuant analyst Amr Taha reports XRP's aggregated spot CVD climbed to +$406.6M while Binance perpetual CVD slumped to -$783.2M. Open Interest dropped over 20%, highlighting a growing gap between spot accumulation and derivatives caution.
Escalating US-Iran conflict pushes crude above $100, while Bitcoin consolidates between $65K-$75K with ETF inflows plunging, on-chain activity weak, and fear sentiment dominant.
Bitcoin surged past $78,800, closing in on $80,000. Spot CVD hit 11,500 BTC, the highest since mid-February, while open interest rose 6.64%. Nearly $2.1 billion in short positions sit in the $78,000-$80,000 range. Institutional demand is tightening OTC supply, and ETFs recorded nine straight days of inflows totaling $1.97 billion in April.
AVAX remains below the $8 to $9 zone, with analysts watching $4.50 to $5.50 and $3.50 to $3.00 as key support areas. Price action near $6.68 has not yet changed the broader downtrend.
Analysts pointed to large Binance BTC outflows in January and Coinbase-led spot demand as signs of improving sentiment, while one market watcher identified $101,420 as a key short-term level.
Bitcoin started the week up nearly 1%, but traders are focused on Powell's speech, ISM manufacturing PMI, jobless claims, and U.S. labor data. The source says weaker jobs numbers could improve rate-cut and liquidity expectations, while some analysts still see downside toward the $46,000 area.
Bitcoin slipped below $63,000 as broader risk sentiment weakened and liquidations topped $1.6 billion. Traders are now watching $60,000, $55,000 and $50,000 while technical signals remain bearish.
Ether fell below $2,000 while futures open interest climbed to a record 16.39 million ETH, or about $32.5 billion. At the same time, spot ETH ETFs saw $401 million in monthly net outflows and market sentiment remained under pressure.
