PANews reported on April 4th that according to CryptoQuant data, before Trump's speech, significant funds were flowing into exchanges for Bitcoin, Ethereum, and XRP, indicating investors' intention to cash out. Bitcoin's single block transaction volume once reached 2,500 BTC, Ethereum's hourly inflow to exchanges reached 80,000 ETH, and XRP flowed into Binance at 130 million tokens within an hour, far exceeding the previous day's level of less than 10 million per hour. Additionally, Coinbase in the United States also observed an increase in Bitcoin deposits, especially from large holders.
CryptoQuant pointed out that economic uncertainty led investors to close long positions and take profits, with demand for Bitcoin and Ethereum in the perpetual futures market subsequently declining. The market is currently focusing on the US non-farm employment report to be released on Friday, which will provide insights into economic health through employment growth, unemployment trends, and wage changes, potentially supporting a short-term market rebound.
