Capital Flow

Spot XRP ETFs have recorded a net outflow of just 9 days since their launch at the start of November; cumulative net inflows hit $1.4 billion. At the end of 2025, Goldman Sachs held $154 million worth of the ETFs, topping the list of the 30 largest holders. Spot XRP exchange-traded funds hav

TRUMP token surged over 32% in the last 24 hours, currently trading at $3.79, driven by Trump's announcement of a cryptocurrency and business luncheon at Mar-a-Lago on April 25th, with invitations extended to the top 297 holders, of which the top 29 can attend a VIP reception. The market's sensitivity to Trump hosting such events demonstrates heightened attention to the "Trump effect."

Gate News reported that on March 13, according to Arkham monitoring, Circle minted 500 million new USDC in the past 24 hours, with a cumulative minting of 2 billion USDC over the past week.

Over the past 12 hours, three newly created wallets have withdrawn 2.54 million TRUMP from a certain CEX, with a total value of approximately $8.8 million. Meanwhile, whale address DNTpoX, which has incurred losses of $15.68 million, also withdrew 2 million TRUMP. Four addresses accumulated withdrawals of 4.54 million TRUMP, valued at approximately $15.72 million.

Under Middle East geopolitical tensions, Bitcoin faced widespread selling pressure, particularly from retail holders. According to Glassnode data, the market is experiencing heavy selling pressure, with the accumulated trend score declining to 0.04, indicating that retail and small-to-medium investors are reducing their positions significantly. Despite this, Bitcoin's resilience against the decline has surprised market observers.

As the Federal Reserve is about to hold an FOMC meeting, liquidity in the U.S. private credit market is tight, with several funds restricting investor redemptions, potentially triggering a chain reaction and causing capital to flow out to more liquid assets such as Bitcoin and Ethereum. Market risks are increasing, and it is important to monitor the Fed's policy moves and shifts in capital flows.

Bitcoin price has recently approached $72,000, driven by improved regulatory signals, reduced exchange bitcoin reserves, and institutional capital inflows. The U.S. SEC and CFTC will launch a cryptocurrency regulatory coordination program, which is expected to reduce regulatory uncertainty in the industry. Additionally, bitcoin reserves on centralized platforms have fallen to three-year lows, with significant market supply tightening phenomena, driving price increases. If it breaks through $72,000, it could further strengthen market momentum.

As AI computing demand grows, Bitcoin miners' power infrastructure is attracting Wall Street attention. Mining companies possess advantages in land and power resources and are transforming into AI data centers, with the market not yet fully recognizing their potential. Some miners have begun scaling up their power capacity, with total computing power expected to reach 20 gigawatts by 2027. Additionally, mining operations' grid regulation capabilities are increasingly valued and are expected to play a key role in meeting AI data centers' energy demands in the future.

The cryptocurrency market is showing overall strength, with total market capitalization reaching $2.51 trillion. Bitcoin is approaching $72,000, while Ethereum is around $2,100. The rally has been driven by declining crude oil prices and institutional capital inflows, while the U.S. stock market decline has created a divergence with independent cryptocurrency market movements. Leveraged market short positions are being squeezed, capital flows into spot ETFs remain robust, and geopolitical factors have also improved market sentiment.

Strategy subsidiary's STRC securities trading volume is rapidly rising, potentially creating a record single-day Bitcoin purchase funding for the company. Anticipated financing-backed Bitcoin purchases are approaching 1500 BTC. STRC currently offers annualized dividends of up to 11.5%, with recently enhanced liquidity, as the market focuses on its role as an important financing tool for Bitcoin purchases.

BlackRock's iShares Bitcoin Trust recently increased its Bitcoin holdings by approximately $46.36 million, signaling a recovery in institutional investor demand for Bitcoin. Despite previous outflow pressures, the recent reinflow of funds is viewed as a market stabilization signal, with growing confidence in Bitcoin's long-term value, and the importance of ETF capital flows continuing to strengthen.

A ruble-pegged stablecoin A7A5 has seen a surge in trading volume on the Tron network, becoming the third-largest stablecoin in the ecosystem with inflows exceeding $464 million. Due to international sanctions, Russian businesses are seeking alternative settlement tools, and A7A5's market scale continues to expand, with a market capitalization reaching $500 million.

Ripple launches approximately $750 million stock buyback program, drawing attention from the crypto community. Veteran investor Pumpius believes this move enhances company valuation and strengthens confidence in the XRP ecosystem. Meanwhile, Ripple strengthens financial infrastructure through acquisitions, boosting market influence. However, the market questions the direct relationship between buybacks and XRP price. Investors continue to monitor how Ripple's development impacts XRP value.

Since late February, multiple private credit fund managers have restricted redemption requests, creating a liquidity crisis. Investors may turn to liquid assets like Bitcoin to raise funds. With the FOMC meeting approaching, this could further exacerbate fragility in the crypto market, while rising credit risk at Deutsche Bank has intensified market anxiety.

JPMorgan report shows that since the onset of the Iran conflict, Bitcoin spot ETFs have experienced capital inflows of 1.5%, while gold ETFs have seen capital outflows of 2.7%. This phenomenon indicates that market preferences for safe-haven assets are shifting and reflects rising institutional investor attention on Bitcoin. However, institutions still prefer gold and maintain a cautious stance on Bitcoin. Analysts are optimistic about Bitcoin's long-term prospects and forecast a price target of $266,000.

Gate News bot message, a newly created wallet withdrew 2 million $TRUMP tokens valued at $5.94 million from a centralized exchange. The transaction marks a significant single withdrawal of the TRUMP token from exchange platforms.

On March 13, according to HyperInsight monitoring, a trader reduced nearly $30,000 worth of BRENTOIL short positions, currently holding 95,000 WTI crude oil short contracts. The trader anticipated oil price pullback, first adding to WTI positions during price rallies and then reducing BRENTOIL positions during pullbacks, demonstrating their assessment of market dynamics.

The United States temporarily opened purchases of stranded Russian oil at sea to ease soaring oil prices, causing oil prices to decline. Bitcoin surged past $72,000. Meanwhile, gold ETFs experienced capital outflows, indicating increased institutional participation in the Bitcoin market and improved market liquidity.

On March 12, monitoring data showed that US Bitcoin spot ETFs had net inflows of $54.08 million, with main inflows from BlackRock and Fidelity, while Bitwise and Grayscale experienced net outflows. Specific inflow and outflow details are as follows.

Bitcoin mining has advantages in transitioning toward artificial intelligence (AI) because it already possesses mature electrical infrastructure and resources that can flexibly respond to grid demands. The market has not fully reflected this potential, resulting in a valuation gap. Major mining companies are adjusting their strategies to pursue AI business to counteract the impact of declining hash rates.