Matrixport: Bitcoin ETF and Futures Funding Rate Rebound, Overall Bullish Signal More Positive
On April 30th, Matrixport disclosed its daily chart analysis. It was stated that, based on the daily chart starting from March 19th, Bitcoin ETF funds have been continuously flowing out, and the open interest in the futures market has also declined synchronously. From January to April, ETFs have witnessed a cumulative net outflow of nearly 5 billion USD.
However, a recent observation indicated a substantial inflow of nearly 3 billion USD, and the number of open futures contracts has also increased synchronously. Meanwhile, the funding rate has remained at a relatively low level.
Therefore, it can be observed that the current new capital inflow mainly stems from genuine long-term holding demands. Compared to the ETF buying interest that was mainly driven by arbitrage funds at the beginning of the year, the overall bullish signal is more positive.
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Binance Platform ALPACA Perpetual Contract Funding Rate Skyrockets to 4%, with a Settlement Period of 1 hour
On April 30th, based on official data, the funding rate of the ALPACA contract on the Binance platform has surged to 4%. With a settlement period of 1 hour, this leads to an expected daily interest rate of 96%.
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MOCA Allegedly Considering Delegating Galaxy Digital for Token Market Making or Selling
On April 30th, as monitored by ai_9684xtpa, it is suspected that MOCA has entrusted Galaxy Digital with token market making or selling.
In the past two weeks, the Mocaverse liquidity distribution multi-signature address transferred 74.07 million MOCA to Galaxy Digital, which was worth $5.92 million. Four hours ago, Galaxy recharged 40 million tokens to Bybit, with a value of $3.6 million.
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Arthur Hayes Reiterates Bitcoin Price Prediction of $1 Million: "It's Time to Go All-In Bull Mode"
On April 30th, Arthur Hayes, the co-founder of BitMEX, expressed a bullish stance on the cryptocurrency market during the Token2049 conference held in Dubai.
In his keynote speech, he stated, "It is time to be bullish on everything," referring not only to cryptocurrencies but also to the stock market. To back up this view, Hayes put forward his frequently mentioned argument that the US will need to effectively print more money in a manner similar to quantitative easing. He believes that this could ultimately lead to an increase in cryptocurrency prices.
Hayes mainly compared the current market situation to the third quarter of 2022. He pointed out that the market conditions at that time were worrisome, such as the central bank's interest rate hikes. In the cryptocurrency sector, it was also just before the FTX collapse. However, he said that the US intervened through its buyback plan and injected $2.5 trillion into the economy.
After Trump advocated high tariffs on the US trading partn
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exSat Network's ecosystem project KiKi Finance has launched an XSAT staking pre-deposit event.
April 30th: In connection with the launch of the new consensus mechanism of the exSat Network, the exSat ecosystem project KiKi Finance will become live with the second round of the $XSAT delegate staking pre-staking event this evening at 8 p.m. Previously, the first round of 21 nodes was fully registered within five minutes. By means of pre-staking, community users will be able to participate in the mainnet's new consensus through authorized staking. Early participants can anticipate an APR of more than 400%, and users with a staked amount ranking within the top 15 and holding more than 2100 XSAT will obtain the right to name an XSAT node.
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ALPACA Short-Term Surge Reaches $1.089, 24-hour Gain Hits 365%
On April 30th, based on market data, ALPACA witnessed a short-term spike reaching $1.089 and is now in a process of retracing to $1.0542. Its market capitalization has risen to $125 million, with a 24-hour price increase of 365%.
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