hodler

13 Apr 2026, 22:50

Crypto Futures Liquidations Surge: $123 Million Wiped Out in One Hour Amid Market Turmoil

BitcoinWorld Crypto Futures Liquidations Surge: $123 Million Wiped Out in One Hour Amid Market Turmoil Global cryptocurrency markets experienced significant turbulence on March 15, 2025, as major exchanges reported $123 million in futures liquidations within a single hour, signaling heightened volatility and leveraged trading risks across digital asset markets. Crypto Futures Liquidations Reach Critical Levels Major cryptocurrency exchanges recorded substantial futures liquidations during the recent market movement. Specifically, traders faced $123 million in liquidated positions during the most volatile sixty-minute period. Furthermore, the broader twenty-four-hour window revealed $408 million in total liquidations across perpetual and quarterly futures contracts. This data comes from aggregated exchange reports and blockchain analytics platforms tracking derivative markets in real-time. Market analysts immediately noted the concentration of these liquidations. Bitcoin futures accounted for approximately 65% of the total value, while Ethereum contracts represented around 22%. Additionally, altcoin futures contributed the remaining percentage. The liquidations occurred primarily on leading derivatives platforms including Binance, Bybit, and OKX, which collectively handle the majority of cryptocurrency futures trading volume globally. Understanding Futures Liquidations Mechanics Futures liquidations represent a critical risk management mechanism in cryptocurrency markets. When traders use excessive leverage, even small price movements can trigger automatic position closures. Exchanges execute these liquidations to prevent traders from losing more than their initial margin. Consequently, the recent $123 million event indicates substantial leveraged positions were caught on the wrong side of market movements. The liquidation process follows specific protocols across different platforms. Most exchanges use a mark price system to determine liquidation thresholds. This system helps prevent unnecessary liquidations caused by temporary price discrepancies. However, during periods of extreme volatility, cascading liquidations can occur as closed positions create additional selling or buying pressure. Historical Context and Market Comparisons Historical data provides important context for evaluating current liquidation events. For instance, the cryptocurrency market experienced its largest single-day liquidation event on December 4, 2021, when approximately $2.5 billion in positions were closed. Comparatively, the recent $408 million twenty-four-hour total represents significant activity but remains below historical extremes. Traditional financial markets also experience similar phenomena during volatile periods. However, cryptocurrency markets operate continuously without trading halts. This structure can amplify liquidation cascades during rapid price movements. Market participants must therefore monitor leverage ratios and position sizes carefully, especially during uncertain market conditions. Market Impact and Price Correlation Analysis The relationship between futures liquidations and spot market prices reveals important market dynamics. Large-scale liquidations typically correlate with sharp price movements in underlying assets. During the recent event, Bitcoin’s price declined approximately 4.2% within the same hour as the $123 million liquidation. Ethereum similarly experienced a 5.1% price decrease during this period. Market impact extends beyond immediate price action. Significant liquidations can affect market sentiment and trading behavior for subsequent sessions. Traders often reduce leverage exposure following major liquidation events. This behavioral adjustment can decrease overall market volatility temporarily. However, it may also reduce trading volume and liquidity in derivative markets. Key factors influencing liquidation severity include: Overall market leverage ratios across exchanges Funding rate discrepancies between perpetual contracts Major news events affecting market sentiment Technical breakouts or breakdowns at key price levels Options expiration events creating hedging pressure Exchange Risk Management Protocols Leading cryptocurrency exchanges have implemented sophisticated risk management systems to handle liquidation events. These systems include: Exchange Liquidation Engine Insurance Fund Auto-Deleveraging Binance Partial Liquidation $300 million+ Last Resort Bybit Full Liquidation $100 million+ Occasional OKX Partial Liquidation $200 million+ Rarely Used These mechanisms help protect both traders and exchange stability during volatile periods. Insurance funds cover losses when liquidated positions cannot be closed at the bankruptcy price. Additionally, partial liquidation systems attempt to close only enough position to restore margin requirements rather than entire positions. Regulatory Considerations and Market Development Regulatory bodies worldwide continue monitoring cryptocurrency derivatives markets closely. The substantial liquidation events highlight both market efficiency and potential systemic risks. Currently, different jurisdictions apply varying approaches to cryptocurrency derivatives trading. Some regions permit regulated futures products, while others restrict or ban leveraged cryptocurrency trading entirely. Market development continues evolving alongside regulatory frameworks. Institutional participation in cryptocurrency derivatives has increased significantly since 2023. This participation brings more sophisticated risk management but also larger position sizes. Consequently, future liquidation events may involve different participant profiles and potentially different market impacts compared to previous cycles. Conclusion The $123 million cryptocurrency futures liquidation event demonstrates ongoing market volatility and the risks associated with leveraged trading. Market participants should monitor leverage ratios carefully, especially during periods of increased uncertainty. Furthermore, understanding liquidation mechanics helps traders develop more robust risk management strategies. As cryptocurrency markets mature, derivative products will likely see continued evolution in both structure and regulation, potentially reducing extreme liquidation events over time. FAQs Q1: What causes futures liquidations in cryptocurrency markets? Futures liquidations occur when leveraged positions lose enough value that they can no longer meet margin requirements. Exchanges automatically close these positions to prevent further losses. Q2: How does the $123 million liquidation compare to historical events? While significant, this event remains smaller than historical extremes. The largest single-day liquidation occurred in December 2021 with approximately $2.5 billion in closed positions. Q3: Which cryptocurrencies experienced the most liquidations? Bitcoin futures accounted for about 65% of the liquidated value, followed by Ethereum at approximately 22%. Various altcoins comprised the remaining percentage. Q4: Do liquidations affect spot market prices? Yes, large liquidations often correlate with spot price movements as closed positions create additional buying or selling pressure in the market. Q5: How can traders reduce liquidation risks? Traders can use lower leverage ratios, maintain adequate margin buffers, set stop-loss orders, and avoid overconcentration in single positions during volatile periods. This post Crypto Futures Liquidations Surge: $123 Million Wiped Out in One Hour Amid Market Turmoil first appeared on BitcoinWorld .

13 Apr 2026, 22:48

Bitcoin reclaims $74K as spot ETF demand clashes with BTC miner sell pressure

Bitcoin rallied above $74,000 after the Monday stock market close, but derivatives data show that some traders remain bearish.

13 Apr 2026, 22:39

ETHA: An Indirect Way To Gain Ether Exposure

Summary The iShares Ethereum Trust ETF (ETHA) offers indirect exposure to Ether, tracking its price with high correlation and a 0.25% expense ratio. ETHA is structured as a Delaware Statutory Trust, providing regulatory compliance for investors but does not allow direct blockchain transactions or staking. ETHA can trade at a premium or discount to NAV, currently at a 0.33% premium, driven by institutional demand and short-covering dynamics. Volatility risk is significant, with annualized volatility at 73%, and ETHA’s performance may appear to diverge from ETH-USD due to trading hours and NAV premiums. The iShares Ethereum Trust ETF ( ETHA ) is an exchange-traded vehicle designed to give investors indirect exposure to Ether. This is the fund's only holding (barring any cash held on its books), which results in a very high correlation to Ether ( ETH-USD ). The analysis outlined here isn't an investment case for Ether. It's a attempt to dispel some of the misconceptions around crypto investing. More importantly, I look at it as a way to learn more about the crypto currency, to understand the advantages and disadvantages of indirect ownership, and to use as a starting point to build your own investment case, either for or against. With that disclaimer out of the way, let's move ahead. The Ether and Ethereum Confusion Crypto newbies might be under the impression that these two terms are synonymous and can be used interchangeably, and that's made worse by the fact that the ETF refers to itself as an "Ethereum" trust. In fact, in common usage, people speak of Ethereum as the crypto, which isn't accurate. Technically speaking, these are two related but completely different things. Ethereum can be thought of as the decentralized blockchain infrastructure or network that smart contracts are executed on and decentralized applications or DApps are deployed and run on. Ether is the digital token or currency that pays miners and validators to process and authenticate these transactions. The computation of these transactions is done on EVMs or Ethereum Virtual Machines, which in turn run on the blockchain's nodes. When these nodes run the EVM environment, the computational effort is compensated for in the form of Ether, which is integral to running these operations because it acts as the fuel. That's why these crypto payments are also called " gas fees ". Ethereum.org It should be clear by now that you can't trade Ethereum (though "trading Ethereum" is commonly accepted in parlance), but since it's so widely used to refer to the crypto rather than the blockchain network, it can be confusing. Ether, on the other hand, can be traded, which is where ETHA comes into the picture. The "Trust" Confusion We're not done yet! You may have noticed that a lot of ETFs have "trust" in their names, just like ETHA does, and this is even more of a head-scratcher. A true Trust ETF is also called an Investment Trust, which is also different from what's known as a Unit Trust, which isn't listed. An Investment Trust is listed, but it's closed-ended, which means the share count is fixed, and the value comes from the shares trading at either a discount or premium to the net asset value or NAV. They don't have the creation/redemption process that would make them open-ended. Trust ETFs like ETHA and even the almighty Invesco QQQ Trust ( QQQ ) are different because they're open-ended, but even these are dissimilar because one is a commodity trust holding ETH-USD, while the other is an equity trust holding equities or company stocks. In the context of ETHA, the word "trust" refers to the legal structure of the fund. It's like a trust that holds a tradable instrument called Ether. It's not an Investment Trust or a Unit Trust. If you're still confused, let me try putting it a different way. The confusion mainly arises from the multifaceted usage of the term "trust". In the UK, an Investment Trust or a Trust ETF is what investors in the U.S. would call a CEF or closed-ended fund. Now, what U.S. investors would call a Trust ETF is a Grantor Trust, or a legal wrapper that holds a single commodity, which in the case of ETHA is Ether. QQQ is different in that U.S. investors would call it a UIT or Unit Investment Trust. It's actually among the first ETF legal structures to be introduced to the market. The best way to wade through this mess of legalese is to stick with the American usage, so ETHA is basically a grantor trust that holds Ether as its commodity. We'll stop before we get into the weeds with this, if we're not there already! Note: I haven't provided any source links for the above because these are well-known facts within the professional investment community. Retail investors don't really need to know these things in order to trade ETHA, so please treat this as more of academic or educational exercise, which is what this article is meant to be. Having said that, there are a few things that are important for investors to know, and that's what I'll dive into next. ETHA and the Advantages and Disadvantages of Indirect Crypto Ownership ETHA is a Delaware Statutory Trust, that's what matters. At its core, this status gives investors, chiefly institutional, the necessary regulatory and legal compliance protection to be able to invest in digital tokens. The fund itself holds physical crypto assets through a custodian, which in this case is Coinbase Prime, owned by Coinbase Global, Inc. (COIN) the namesake exchange's trading platform. As a retail investor, when you buy ETHA, what you're actually doing is buying a share of these Ether holdings, but because there's no direct, physical or digital ownership, you can't use the Ether to transact on a blockchain the way you would if you held ETH-USD directly, in a crypto wallet. You have to know this because an ETHA holding doesn't allow you to use DApps, it doesn't give you the privacy that direct ownership does, and you don't technically have full control over your holdings other than the ability to buy or sell the ETF shares. On the flip side, the advantage of an indirect holding is that you don't have to worry about keeping your seed phrase secure, you don't need to trudge up the steep technical learning curve involved in setting up a crypto wallet and ensuring its security, and not being able to transact means not accidentally sending money to the wrong person, which is irreversible in a decentralized environment. Investing in ETHA We're covered a lot of background so far, so now it's time to get into ETHA and what being invested in this ETF involves. Since this is an educational article, I won't be making a recommendation either way, but let's look at some ETF basics and try to understand what moves the price of Ether — or Ethereum, colloquially speaking. ETHA was incepted on June 24, 2024, and holds Ether as its sole portfolio security. As of April 9 its market value is $6.76 billion. This is the bulk of its $6.86 billion in net assets under management or AUM. As this is a passively managed fund, its ER or expense ratio, also called a "sponsor fee", is 0.25%. You'll find SA reports a figure of 0.12%, but I'm not sure where that data's from. From the ETHA website : ETHA Fact Sheet The shares are created and redeemed in batches of 40,000 known as "baskets" by what are known as authorized participants or APs, and are traded on the NASDAQ. Since this is a passive fund, the Trust doesn't use any kind of derivatives leverage, nor does it trade ether to buy low and sell high. What you see is what you get. It tracks the price of ether, nothing more, nothing less. What Are The Risks Involved in an ETHA Investment? The ETF tracks the price of ether, which means it is highly dependent on the value assigned to this cryptocurrency and its acceptance within the broader context of digital currencies. That's the biggest risk here. There's also volatility risk because cryptos by nature undergo significant fluctuations in value driven by the underlying demand-supply dynamic, so don't be surprised by the 73% volatility this ETF experiences on an annualized basis. That's usually a given when investing in any cryptocurrency . Not surprisingly, that 73% is on the low side for a crypto because ether is among the more dominant cryptos, second only to Bitcoin ( BTC-USD ). You won't see a turnover risk because there's no rebalancing, only the basket creation and redemption processes that affect the ETF's AUM. More demand means more baskets of 40,000 shares each being created, and the converse holds true. The Right Way to Understand the Performance of ETHA against ETH-USD SA As if we didn't have enough to be confused about, there's another nuance with ETHA and its newer cousin, the iShares Staked Ethereum Trust ETF ( ETHB ), which was launched about two months ago. Let's get that one out of the way first. ETHB uses a different strategy and intends to pay distributions, unlike ETHA. The strategy to generate income is called "staking", and you can learn more about that here . The simple way to explain this is to compare it to lending your stocks to other investors to borrow towards short positions they hold. There are major differences , though, so it's not exactly an apples to apples comparison, but it serves the purpose of this discussion. What's similar is that both strategies (staking and lending) result in generating a passive income stream. That's why ETHB is able to commit to a distribution, although that hasn't yet started. But ETHA doesn't engage in staking, so why does it look like it's outperforming ETH-USD, which should theoretically be impossible? SA The first factor pushing ETHA up is strong institutional demand ahead of the "Glamsterdam Hard Fork" slated for H1 2026. I'm not getting into the technical aspects here, but it's aimed at increasing the efficiency and throughput of the Ethereum blockchain. That demand creation means ETHA is currently trading at a premium to its NAV, the NAV being the actual price of the ether it holds. The premium is currently at 0.33% as of April 10. It's a little down from 0.60% earlier in the year, and that could be because of potential delays announced a few days ago . Of course, over time, this will evolve. So this premium to NAV dynamic makes it look like ETHA is outperforming ETH-USD in terms of price. Another dynamic for investors to be aware of comes from the trading hours of ether as opposed to the trading hours of NASDAQ. Since the former trades 24/7, if ether sees a rally during NASDAQ off hours, such as the weekend for example, Monday morning 9:30am Eastern, you'll see ETHA gap up. On the other side of the coin, if ether drops over the weekend but recovers before the stock market opens, ETHA's price chart will look like nothing happened. It's the gaps-up/down that account for this optical illusion, but it's mainly the premium to NAV that's responsible for any outperformance that you see. The second factor underlying this outperformance is triggered when short positions are high. When ether begins to recover after a drop, short-sellers rush to cover their positions, Since institutional investors generally use the ETF rather than the crypto itself to hedge these short positions, ETHA benefits from this squeeze. These multiple dynamics may make it look like ETHA is a better holding than a direct ether investment, but it's also true that the ETF's market price has traded at a discount to NAV more often than at a premium. ETHA website I hope this article has been a bit of a revelation for investors who are unfamiliar with the crypto landscape and investing in ether, and I'd really appreciate it if seasoned crypto investors could share their expertise with others in the comments. This article answers three main questions about ETHA: How is ETHA structured? What impacts ETHA's price movement? How can ETHA fit into a portfolio? Editor's note: This article is intended to provide a general overview of the ETF for educational purposes only and, unlike other articles on Seeking Alpha, does not offer an investment opinion about the ETF.

13 Apr 2026, 22:10

NZD/USD Surges as US Dollar Weakness Overpowers Geopolitical Fears

BitcoinWorld NZD/USD Surges as US Dollar Weakness Overpowers Geopolitical Fears The NZD/USD currency pair staged a significant rebound during Thursday’s trading session, climbing 0.8% to 0.6150 as broad-based US dollar weakness overwhelmed concerns about escalating geopolitical tensions in multiple regions. This movement represents a notable reversal from earlier losses and highlights the complex interplay between currency fundamentals and global risk sentiment. NZD/USD Technical Rebound Analysis Forex traders witnessed the New Zealand dollar strengthen considerably against its US counterpart. Consequently, the pair recovered from Wednesday’s low of 0.6085. Market analysts immediately noted the technical significance of this rebound. Specifically, the NZD/USD found solid support at the 0.6100 psychological level. Furthermore, the pair broke through immediate resistance at 0.6130. This technical recovery occurred despite ongoing geopolitical concerns. Therefore, the move demonstrates the overwhelming influence of dollar dynamics. Several key technical indicators supported this upward movement. The Relative Strength Index (RSI) climbed from oversold territory. Meanwhile, moving averages provided dynamic support levels. Trading volume increased significantly during the rebound phase. Market participants clearly positioned themselves for continued dollar weakness. However, resistance remains near the 0.6180 level from last week’s high. US Dollar Weakness Dominates Currency Markets The US dollar index (DXY) declined 0.6% to 104.20, marking its weakest level in three weeks. This broad-based weakness affected multiple currency pairs. The euro gained 0.7% against the dollar. Similarly, the British pound advanced 0.5%. The Japanese yen also strengthened modestly. This synchronized movement indicates systemic dollar selling pressure. Several fundamental factors contributed to this dollar weakness: Federal Reserve policy expectations: Markets increasingly anticipate potential rate cuts in 2025 Economic data surprises: Recent US economic indicators showed modest softening Yield differential compression: US Treasury yields declined relative to global counterparts Positioning adjustments: Institutional investors reduced long dollar positions Currency strategists observed coordinated dollar selling across multiple timeframes. Hedge funds particularly adjusted their exposure. Meanwhile, corporate treasurers executed hedging operations. This collective activity amplified the downward pressure on the greenback. Expert Analysis of Dollar Dynamics Senior currency analysts at major financial institutions provided detailed commentary. “The dollar’s weakness reflects shifting expectations about monetary policy divergence,” noted Maria Chen of Global Forex Advisors. “While geopolitical risks typically support safe-haven currencies, the magnitude of policy repricing currently overwhelms these flows.” Historical data supports this analysis. During similar periods of policy transition, the dollar frequently experiences volatility. The current environment resembles patterns from 2019. However, today’s geopolitical backdrop adds complexity. Market participants must therefore weigh multiple competing factors. Geopolitical Tensions and Market Impact Despite the dollar’s decline, geopolitical concerns remained elevated. Multiple conflict zones experienced renewed tensions. Energy markets showed particular sensitivity. Oil prices increased 2% during the session. Gold prices also gained modestly. These movements typically support the US dollar as a safe haven. The table below illustrates key geopolitical developments and their market impacts: Region Development Market Impact Middle East Increased military activity Oil +2.1%, Gold +0.5% Eastern Europe Border tensions escalate European equities -0.8% Asia-Pacific Trade route concerns Shipping costs +3.2% Historically, such developments would strengthen the US dollar significantly. The current deviation from this pattern therefore warrants attention. Market participants apparently prioritize monetary policy expectations over geopolitical risks. This represents a notable shift in market psychology. New Zealand Economic Fundamentals The New Zealand dollar benefited from several supportive domestic factors. Recent economic data showed resilience in key sectors. Export performance remained robust despite global headwinds. Tourism recovery continued at a steady pace. Additionally, commodity prices provided underlying support. The Reserve Bank of New Zealand maintained its current policy stance. Officials expressed confidence in inflation returning to target. However, they acknowledged external risks. Market participants interpreted this as relatively hawkish compared to other central banks. Consequently, interest rate differentials moved in New Zealand’s favor. Key economic indicators for New Zealand: GDP growth: 0.6% quarter-over-quarter (preliminary estimate) Unemployment rate: 4.3% (stable from previous reading) Trade balance: NZ$400 million surplus (three-month average) Business confidence: Improved for second consecutive month These fundamentals provided a solid foundation for the currency’s recovery. Exporters reported favorable conditions. Meanwhile, agricultural commodity prices remained supportive. The dairy sector, in particular, showed strength. These factors collectively supported the NZD/USD rebound. Market Structure and Trading Flows Analysis of trading flows revealed specific patterns during the session. Institutional investors executed large NZD/USD purchases. Hedge funds covered short positions aggressively. Corporate hedging activity increased noticeably. Retail traders also participated in the move. This broad-based participation strengthened the rebound’s credibility. Order flow analysis showed concentrated buying near key technical levels. Liquidity providers adjusted their pricing accordingly. Market depth improved throughout the session. Volatility remained elevated but manageable. These conditions facilitated efficient price discovery. Participants expressed confidence in the move’s sustainability. Technical Perspective on Currency Movements Technical analysts emphasized several important chart developments. The NZD/USD formed a bullish engulfing pattern on the daily chart. Momentum indicators turned positive. Volume confirmed the price action. Key moving averages provided dynamic support. Resistance levels became apparent at higher prices. Fibonacci retracement levels identified potential targets. The 38.2% retracement of the recent decline sits at 0.6180. The 50% level corresponds to 0.6215. These technical objectives guide near-term trading strategies. Market participants monitor these levels closely. Breakouts above resistance would signal further strength. Global Context and Comparative Analysis The NZD/USD movement occurred within broader global currency trends. The Australian dollar also strengthened against the US dollar. However, it underperformed the New Zealand dollar slightly. This AUD/NZD cross movement reflected relative economic strengths. Commodity currencies generally benefited from dollar weakness. Emerging market currencies showed mixed performance. Some benefited from dollar weakness. Others faced specific domestic challenges. This divergence highlighted selective risk appetite. Investors clearly differentiated between currency fundamentals. The New Zealand dollar ranked favorably in these assessments. Comparative performance of major currency pairs: EUR/USD: +0.7% (benefited from dollar weakness) GBP/USD: +0.5% (moderate gains despite domestic concerns) AUD/USD: +0.6% (commodity currency support) USD/JPY: -0.3% (yen gained on dollar weakness) This synchronized movement confirmed the dollar’s broad weakness. No major currency lost ground against the greenback. This uniformity strengthened the case for sustained dollar pressure. Market consensus clearly favored non-dollar currencies. Conclusion The NZD/USD rebound demonstrates the powerful influence of US dollar dynamics on global currency markets. Despite elevated geopolitical tensions, monetary policy expectations and economic fundamentals dominated trading decisions. The New Zealand dollar benefited from both dollar weakness and supportive domestic conditions. Technical factors amplified the move, while trading flows confirmed broad participation. Market participants will continue monitoring Federal Reserve policy signals alongside geopolitical developments. The NZD/USD pair’s trajectory will depend on the evolving balance between these competing forces. Current conditions favor further New Zealand dollar strength, provided dollar weakness persists and domestic fundamentals remain supportive. FAQs Q1: What caused the NZD/USD rebound? The NZD/USD rebounded primarily due to broad US dollar weakness driven by shifting Federal Reserve policy expectations, despite ongoing geopolitical tensions that typically support the dollar as a safe haven. Q2: How significant was the US dollar’s decline? The US dollar index declined 0.6% to 104.20, marking its weakest level in three weeks and affecting all major currency pairs simultaneously. Q3: Did geopolitical tensions affect the currency movement? While geopolitical tensions remained elevated and affected commodity markets, their impact on currencies was overwhelmed by monetary policy expectations and dollar-specific dynamics. Q4: What technical levels are important for NZD/USD? Key technical levels include support at 0.6100 and 0.6085, with resistance at 0.6180 and 0.6215 based on recent price action and Fibonacci retracement levels. Q5: How does New Zealand’s economic performance support the NZD? New Zealand’s economy shows resilience with 0.6% quarterly GDP growth, stable unemployment at 4.3%, trade surpluses, and improving business confidence, providing fundamental support for the currency. This post NZD/USD Surges as US Dollar Weakness Overpowers Geopolitical Fears first appeared on BitcoinWorld .

13 Apr 2026, 22:02

$582 Million in Bitcoin (BTC) Drained From Exchanges. Is a Short Squeeze Coming?

After hitting a low of $66,900 on April 3, Bitcoin has climbed back above $73,000, recovering the $70,000 mark on April 7. The price action alone would be noteworthy, but what is happening beneath the surface makes this moment more significant. On-chain data analyzed by Ruga Research on CryptoQuant shows that exchange reserves are shrinking while short positions are building, a combination that has historically created the conditions for a short squeeze . Outflows Are Picking Up Speed The numbers tell a clear story. On April 8, exchanges recorded a net inflow of 2,109 BTC. Within 24 hours, that had reversed to a net outflow of 2,533 BTC on April 9. By April 10, the outflow deepened further to 5,441 BTC, the largest single-day withdrawal recorded in the past two weeks. Across those two days alone, 7,974 BTC worth approximately $582 million have left exchanges. Ruga Research noted that this back-and-forth movement has been ongoing for weeks. The individual daily figures are less important than the overall direction, which has consistently trended toward fewer coins sitting on exchanges while investors target other assets . Reserves Have Been Falling Since February This is not a new development. Since February 15, total Bitcoin exchange reserves have declined from 2.8 million BTC to 2.701 million BTC as of April 10. That is a reduction of approximately 100,000 BTC, worth around $7.3 billion at current prices, over roughly two months. Fewer coins on exchanges means less Bitcoin available for immediate sale. Ruga Research was careful to point out that this does not by itself drive prices higher, but it does remove a significant source of selling pressure. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Short Traders Are Piling In On April 9, the funding rate in Bitcoin derivatives markets fell to -0.253%, meaning short position holders were paying fees to those holding long positions. That inversion signals that bearish bets are currently dominant and that traders are holding those positions with conviction. When deeply negative funding rates coincide with declining exchange reserves , short squeezes have followed in the past, though Ruga Research was clear that this outcome is not guaranteed. What the data does confirm is that the market is under tension. Coins are leaving exchanges, short exposure is elevated, and traders on both sides are watching closely. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post $582 Million in Bitcoin (BTC) Drained From Exchanges. Is a Short Squeeze Coming? appeared first on Times Tabloid .

13 Apr 2026, 22:00

Can Ripple turn XRPL into infrastructure layer behind stablecoin payments?

How Ripple is converging into a unified settlement layer for the next phase of TradFi-to-DeFi adoption.