Altcoin markets experienced $266 billion in net selling volume on centralized exchanges, the deepest since 2020. Despite this, altcoins dominated Binance futures trading, indicating capital rotation within crypto and towards alternative exchange products.
XRP faces a market split between traders betting on further decline and investors accumulating amid Ripple's expansion into institutional finance, with spot demand and ETF inflows countering derivatives short selling.
Bitcoin faces selling pressure from exchange inflows and ETF outflows, totaling 34,000 BTC. Derivatives data suggests recent recovery was driven by short covering, not fresh spot demand. Analysts note declining ETF trading volume and emphasize the need for rising open interest and spot demand to sustain price momentum.
Retail Bitcoin inflows on Binance have fallen to historic lows, averaging 314 BTC monthly in 2026, down from 1,200 BTC in March 2024. Analysts attribute this to a shift towards ETFs and weakening spot demand.
Gold prices surged on Friday, driven by robust spot demand and fresh speculative buying. Across major Indian cities, retail rates for 22K, 24K, and 18K gold saw an uptick. Futures contracts for August delivery on MCX climbed, mirroring a stronger global sentiment for the precious metal. This rally reflects increased trader confidence and positive market momentum.
CryptoQuant's latest Apr. 30 read shows that perpetual futures are driving Bitcoin's recovery, while spot demand is still shrinking. That is the same market structure seen during the 2022 bear market rallies, when leverage-driven rebounds gave way to fresh downside. Spot buying through exchanges, ETFs, or direct on-chain accumulation represents committed capital. At the same […] The post Bitcoin is repeating a 2022 pattern – and this time we’re missing the buyers for what came next appeared first on CryptoSlate.
CryptoQuant warns Bitcoin could face a multimonth decline after its April rally was driven entirely by perpetual futures demand while spot demand contracted. The analytics firm says this divergence between rising prices and contracting spot demand is one of the clearest on-chain signals that price gains are speculative rather than structural, comparing the pattern to the start of the 2022 bear market.
The nine-day inflow streak saw spot Bitcoin ETFs draw in $2.1 billion, but experts warn of “net negative” on-chain demand.
Gold futures declined 0.23% on the Multi Commodity Exchange to Rs 1,52,350 per 10 grams, tracking weak global cues and softer spot demand. International gold futures fell 0.05% to $4,711.98 per ounce in New York. Retail prices across major Indian cities showed mixed trends, with Bengaluru, Chennai and Hyderabad remaining flat while Delhi, Mumbai, Kolkata, Ahmedabad, Jaipur, Bhubaneswar, Pune and Kanpur recorded marginal gains.
Bitcoin is experiencing a divergence where derivatives traders remain bearish while spot ETF inflows and price resilience suggest a potential bottom. Despite this, macro headwinds and regulatory constraints continue to cap the potential for a broad bull market.
Bitcoin is approaching a point where the market may have to choose between two very different outcomes. Traders are still paying to stay short, yet price, ETF flows, and market leadership are no longer behaving as if the market were stuck in a collapse. In a recent X post, Alphractal analysts argued that Bitcoin funding […] The post Bitcoin only 21 days away from real bull market rally? Shorts pile in just as spot demand starts pushing back appeared first on CryptoSlate.
Bitcoin rebounded above $76,000 on Tuesday as spot demand on Coinbase showed a second week of bullish volume trends. The aggregated spot cumulative volume delta rose to $517 million from $55 million on April 17, with BTC absorbing selling pressure while maintaining an upward CVD slope. Analysts note the Coinbase premium at 0.05 signals demand strength, and a move toward $85,000-$88,000 in May is possible if conditions remain unchanged.
