CryptoQuant Quicktake

Data from the Bitcoin Realized Volatility Index on Binance indicates a significant decrease in market volatility recently, with the index falling to its lowest level since the beginning of 2026. This suggests that Bitcoin is entering a period of relative calm and price stability.

According to the latest data, the 30-day VVI stands at approximately 0.38, a low level compared to previous periods that witnessed significant increases in volatility, particularly during strong upward trends. This decline reflects a clear reduction in sharp price movements, with the market shifting toward a more stable trading range.

Meanwhile, Bitcoin is trading near $71,000, reinforcing the idea that the market is experiencing a period of relative consolidation following earlier strong movements. Low volatility levels typically indicate a decrease in short-term speculative activity, as investors tend to wait before taking new positions, resulting in less volatile price swings.

The index falling to its lowest level since the beginning of 2026 reflects a state of relative stability in the Bitcoin market, alongside reduced speculative activity and fewer sharp price movements. This environment may pave the way for a new phase of price action in the coming period.

Written by Arab Chain

ETH Exchange Reserve (supply on exchanges) has declined from around 35M ETH to 14.9M ETH → a drop of nearly 57%.

Traders are currently showing more of a holding tendency rather than sending ETH to exchanges to take profit or cut losses. The remaining ETH supply on exchanges is now significantly lower compared to the 2020–2021 period.

ETH Inflow to exchanges has increased recently, but the scale is still clearly lower than the peaks seen in 2021–2022 (the previous cycle top).

Past spikes approached the 10M–20M ETH range, while recent clusters are notably smaller compared to those previous cycle peaks.

Based on the data:

ETH Reserve dropping sharply = less ETH readily available for selling on exchanges

Inflow not surging like previous cycles = no signs of extreme deposit pressure (panic selling)

These two charts suggest that ETH’s supply structure on exchanges remains relatively tight:

reserves have dropped significantly, while inflows have not returned to extreme levels seen during prior major distribution phases. Price is currently moving near the lows of previous correction ranges. This may be considered a constructive signal under current conditions.

Written by Rei Researcher

• Japanese charting methods became the global standard for financial market visualization. The majority of professional traders on Wall Street use them. I recommend reading the following:

• This dashboard demonstrates, through empirical examples, for the first time that Japanese charting methods, with more than 200 years of history and part of the CMT body of knowledge, a designation recognized by FINRA and the SEC, are applied directly to numerical data that do not represent raw price (many professional indicators), and can be used for trading.

• For the first time as well, I used them to represent network data.

• Includes the history of Candlesticks, Heikin-Ashi, Renko, Anchored VWAP, and Realized Cap/Price, their different forms of use, and reference links for further exploration (31 links included).

• All the trading material shared here comes from authors whose work has been vetted and promoted by the CMT (Chartered Market Technician).

• The CMT Association was founded in 1973 by Ralph Acampora, John Brooks, and John Greeley, growing from informal meetings of technical analysts that began in New York in 1967. Over the following decades, Acampora and the association worked to legitimize the discipline (it was finally recognized by FINRA and the SEC). Today, the CMT represents the highest professional standard in technical analysis. Acampora himself evolved to advocate for what he calls "fusion analysis", the integration of technical and fundamental approaches, as the most complete way to analyze markets.

• The path of technical analysis toward institutional recognition is quite similar to Bitcoin’s. Both faced years of skepticism before regulators (SEC) acknowledged their legitimacy.

• Check the link below ↓

Written by _OnChain

• Japanese charting methods became the global standard for financial market visualization. The majority of professional traders on Wall Street use them. I recommend reading the following:

• This dashboard demonstrates, through empirical examples, for the first time that Japanese charting methods, with more than 200 years of history and part of the CMT body of knowledge, a designation recognized by FINRA and the SEC, are applied directly to numerical data that do not represent raw price (many professional indicators), and can be used for trading.

• For the first time as well, I used them to represent network data.

• Includes the history of Candlesticks, Heikin-Ashi, Renko, Anchored VWAP, and Realized Cap/Price, their different forms of use, and reference links for further exploration (31 links included).

• All the trading material shared here comes from authors whose work has been vetted and promoted by the CMT (Chartered Market Technician).

• The CMT Association was founded in 1973 by Ralph Acampora, John Brooks, and John Greeley, growing from informal meetings of technical analysts that began in New York in 1967. Over the following decades, Acampora and the association worked to legitimize the discipline (it was finally recognized by FINRA and the SEC). Today, the CMT represents the highest professional standard in technical analysis. Acampora himself evolved to advocate for what he calls "fusion analysis", the integration of technical and fundamental approaches, as the most complete way to analyze markets.

• The path of technical analysis toward institutional recognition is quite similar to Bitcoin’s. Both faced years of skepticism before regulators (SEC) acknowledged their legitimacy.

• Check the link below ↓

Written by _OnChain

• Japanese charting methods became the global standard for financial market visualization. The majority of professional traders on Wall Street use them. I recommend reading the following:

• This dashboard demonstrates, through empirical examples, for the first time that Japanese charting methods, with more than 200 years of history and part of the CMT body of knowledge, a designation recognized by FINRA and the SEC, are applied directly to numerical data that do not represent raw price (many professional indicators), and can be used for trading.

• For the first time as well, I used them to represent network data.

• Includes the history of Candlesticks, Heikin-Ashi, Renko, Anchored VWAP, and Realized Cap/Price, their different forms of use, and reference links for further exploration (31 links included).

• All the trading material shared here comes from authors whose work has been vetted and promoted by the CMT (Chartered Market Technician).

• The CMT Association was founded in 1973 by Ralph Acampora, John Brooks, and John Greeley, growing from informal meetings of technical analysts that began in New York in 1967. Over the following decades, Acampora and the association worked to legitimize the discipline (it was finally recognized by FINRA and the SEC). Today, the CMT represents the highest professional standard in technical analysis. Acampora himself evolved to advocate for what he calls "fusion analysis", the integration of technical and fundamental approaches, as the most complete way to analyze markets.

• The path of technical analysis toward institutional recognition is quite similar to Bitcoin’s. Both faced years of skepticism before regulators (SEC) acknowledged their legitimacy.

• Check the link below ↓

https://cryptoquant.com/community/dashboard/69706233a662164c84864d2c

Written by _OnChain

- Open Interest has dropped sharply from a peak of around $43 billion at the end of 2025 to about $22–23 billion and is now at its lowest level in many months. The decline in OI while BTC price has moved only slightly shows that the total amount of leverage in the market has decreased significantly.

- Along with that, the Funding Rate is currently negative, indicating that pressure from sellers is higher than from longs. This is also the lowest level seen in many months, reflecting cautious sentiment and a lack of momentum from leveraged traders.

- In recent weeks, the market has been going through a deleveraging phase. Falling OI together with a negative funding rate is a signal that leveraged positions are being adjusted significantly. BTC is still maintaining within the 70.6k price range. Historically, declining OI and a negative funding rate could very likely be the foundation for a new recovery rally. However, we still need to monitor further geopolitical developments, as they may continue to have a major impact on the market.

Written by Rei Researcher

Bitcoin’s derivatives market remains in a defensive phase, with negative funding rates dominating since February and fresh open interest losses hitting several major exchanges at once.

On April 12, daily open interest change fell to -$406M on Binance, -$308M on Gate.io, and -$243M on Bybit, extending the deleveraging wave seen on April 7.

The repeated cross-exchange decline suggests that leverage is still being reduced across the market.

Funding rates tell the same story.

After a long stretch of mostly positive funding between July 2025 and January 2026 — a period that was followed by a Bitcoin price decline of more than 45% — the market has now shifted into a phase where negative funding dominates most major derivatives platforms.

That combination points to weaker speculative demand, lighter long exposure, and a derivatives market that remains under short-term pressure.

Written by Amr Taha

The market is driven by whales.

Whales holding more than 100k $ETH briefly entered to loss state. But they are profitable state again.

These signals were the starting point of the rally.

In the history of $ETH, every point where they turned from loss to profit was at the rally start point.

That historic signal has appeared again.

Written by CW8900

Ethereum's NUPL data on Binance indicates a period of relative market stability, with the indicator holding steady at -0.053 while Ethereum's price traded near $2,100. This reading reflects a balanced market environment, characterized by reduced volatility and the absence of strong selling pressure or a sharp upward surge.

The indicator’s recent behavior, hovering near the neutral zone, suggests that Binance investors are maintaining their positions without significant changes. This stability also points to reduced short-term trading activity and the absence of sudden price swings often associated with panic selling or excessive optimism.

The indicator’s persistence in the slightly negative zone reflects a wait-and-see approach, as investors appear to be awaiting new catalysts that could push the price in a clearer direction. Such periods are typically associated with lower risk levels, with the market tending to move within relatively narrow price ranges.

Furthermore, the indicator has remained within a consistent range recently, without sharp movements, reinforcing the view that the market is experiencing a temporary consolidation phase. This comes as Ethereum’s price stabilizes around the $2,100 level, reflecting a current balance between supply and demand.

Written by Arab Chain

The global backdrop remains uncertain for markets, making the current environment particularly difficult to interpret.

This lack of visibility prevents investors from positioning with conviction, especially in risk assets such as Bitcoin.

Despite these unfavorable conditions, panic does not appear to be setting in among Bitcoin investors.

Indeed, when looking at BTC inflows on Binance, the leading platform in terms of liquidity and reserves, they have recently dropped to historically low levels.

The 30-day moving average now stands around 3,998 BTC, marking a more than 6-year low, comparable to levels seen in 2020.

This is far from previous periods of stress or euphoria :

▸ over 19,000 BTC/day on average in July 2023

▸ over 25,000 BTC/day on average in May 2021

For reference, the historical average is մոտ 11,000 BTC, meaning current levels are roughly three times lower than normal.

This sharp contraction in inflows reflects a clear dynamic.

Investors are not looking to move their BTC onto exchanges to sell. On the contrary, they appear to favor a holding strategy, which mechanically reduces short-term selling pressure.

A structural shift may also be at play, with some flows now moving through alternative vehicles such as ETFs, reducing visible BTC movements toward exchanges.

Ultimately, even in an uncertain environment, this type of signal suggests a market that is more in a waiting phase than in capitulation, with holders remaining relatively passive rather than panicked.

Written by Darkfost

Bitcoin is showing a healthier holding structure as whale transfer pressure to Binance continues to ease while long-term holder demand strengthens.

On April 13, Binance Whale Exchange Inflow (30D) fell to $2.58 billion, a level close to those seen in June 2025 and below the levels recorded in April 2025. That points to weaker large-holder transfer activity toward the exchange, reducing immediate sell-side pressure.

At the same time, Long-Term Holder Realized Cap Change (30D) rose to $52.7 billion on April 13, marking its first move above $50 billion since June 2025, and also its strongest reading since September 2024. The combination suggests that while whale inflows to Binance remain subdued, long-term conviction is rebuilding.

In market terms, this reflects a rotation away from short-term distribution and toward stronger hands absorbing supply.

Written by Amr Taha

Bitcoin’s short-term holder pressure on Binance has entered a calmer phase.

The 7-day standard deviation of realized profit/loss pressure fell to 217, marking its lowest reading since February, compared with the previous low of 277.

The move signals that short-term holders are sending coins to Binance with less aggressive profit-taking and less panic-driven loss realization, reducing near-term distribution pressure on the market.

Written by Amr Taha

If you want to know why Apparent Demand Growth, UTXO Age Band (1d - 1w), and Blocks Mined are displayed using Japanese charting methods, I recommend reading the following:

• This dashboard demonstrates, through empirical examples, for the first time that Japanese charting methods, with more than 200 years of history and part of the CMT body of knowledge, a designation recognized by FINRA and the SEC, are applied directly to numerical data that do not represent raw price (many professional indicators), and can be used for trading.

• For the first time as well, I used them to represent network data.

• Includes the history of Candlesticks, Heikin-Ashi, Renko, Anchored VWAP, and Realized Cap/Price, their different forms of use, and reference links for further exploration (31 links included).

• All the trading material shared here comes from authors whose work has been vetted and promoted by the CMT (Chartered Market Technician).

• The CMT Association was founded in 1973 by Ralph Acampora, John Brooks, and John Greeley, growing from informal meetings of technical analysts that began in New York in 1967. Over the following decades, Acampora and the association worked to legitimize the discipline (it was finally recognized by FINRA and the SEC). Today, the CMT represents the highest professional standard in technical analysis. Acampora himself evolved to advocate for what he calls "fusion analysis", the integration of technical and fundamental approaches, as the most complete way to analyze markets.

• The path of technical analysis toward institutional recognition is quite similar to Bitcoin’s. Both faced years of skepticism before regulators (SEC) acknowledged their legitimacy.

• Check the link below ↓

https://cryptoquant.com/community/dashboard/69706233a662164c84864d2c

Written by _OnChain

If you want to know why Apparent Demand Growth, UTXO Age Band (1d - 1w), and Blocks Mined are displayed using Japanese charting methods, I recommend reading the following:

• This dashboard demonstrates, through empirical examples, for the first time that Japanese charting methods, with more than 200 years of history and part of the CMT body of knowledge, a designation recognized by FINRA and the SEC, are applied directly to numerical data that do not represent raw price (many professional indicators), and can be used for trading.

• For the first time as well, I used them to represent network data.

• Includes the history of Candlesticks, Heikin-Ashi, Renko, Anchored VWAP, and Realized Cap/Price, their different forms of use, and reference links for further exploration (31 links included).

• All the trading material shared here comes from authors whose work has been vetted and promoted by the CMT (Chartered Market Technician).

• The CMT Association was founded in 1973 by Ralph Acampora, John Brooks, and John Greeley, growing from informal meetings of technical analysts that began in New York in 1967. Over the following decades, Acampora and the association worked to legitimize the discipline (it was finally recognized by FINRA and the SEC). Today, the CMT represents the highest professional standard in technical analysis. Acampora himself evolved to advocate for what he calls "fusion analysis", the integration of technical and fundamental approaches, as the most complete way to analyze markets.

• The path of technical analysis toward institutional recognition is quite similar to Bitcoin’s. Both faced years of skepticism before regulators (SEC) acknowledged their legitimacy.

• Check the link below ↓

Written by _OnChain

Today, April 12, the price has fallen from $73,788 to $71,170, representing an approximate decline of 3.55%.

What truly matters is that this price movement was essentially driven by a strong increase in Open Interest over the past 8 days, that is, by an aggressive expansion of futures positions.

It can be clearly seen how the TradingView price chart is reproducing virtually the same structure as Open Interest over recent days. This is not a coincidence: Open Interest is made up primarily of futures positions, so its growth usually reflects rising leverage rather than solid spot demand. Figure 1. Price structure on TradingView. Source: TradingView.

Yesterday, price momentum was already slowing down, and Open Interest was also beginning to lose momentum. This is visible in Figure 2 (Open Interest), where both structures stop expanding with the same intensity.

Today’s decline not only implies a correction, but also a break of the uptrend, and that same break is reflected in Open Interest. This can be clearly seen in Figure 2, where the contraction in open interest accompanies the loss of price structure. Figure 2. Bitcoin: Open Interest - All Exchanges, All Symbol. Source: CryptoQuant.

This reinforces the thesis that a large part of the growth seen over the previous 8 days was driven by the opening of futures positions, rather than by a consistent inflow of spot demand. In other words, the previous advance was sustained by a fragile structure, dependent on leverage.

The break of the uptrend through a dominant bearish BTC candle, which invalidates the last key candle of the previous bullish structure, technically confirms a real break of that trend. In this context, the market is now exposed to a bearish or corrective phase, with a probable retracement toward the initial impulse area. Without solid spot demand, any rebound will remain structurally fragile.

Carmelo Alemán | On-Chain Analyst | Verified on CryptoQuant

📲 Connect with me:

♦️ X: @oro_crypto

Written by Carmelo_Alemán

The ERC20 Stablecoin Exchange Reserve on Binance has recorded a significant upward trajectory, reaching approximately 46.3B, marking its highest level since early February. This robust recovery indicates that roughly 5B in stablecoin liquidity has been deposited into the exchange since the February bottom.

While this figure is still below the cycle peak of 51B recorded in November 2025, the current trend is highly optimistic from an on-chain perspective. In cryptocurrency market analysis, growing stablecoin reserves on major exchanges act as a direct proxy for increasing purchasing power or available dry powder.

This 5B influx strongly suggests that investors are actively moving fiat-pegged liquidity back onto the exchange, likely positioning themselves to accumulate Bitcoin or altcoins. Rising stablecoin reserves historically dampen downside volatility and serve as a fundamental catalyst for upward price action. If this accumulation trend persists and approaches the previous 51B threshold, the broader crypto market could experience substantial buying pressure in the near term.

Written by CryptoOnchain

As Bitcoin continues to consolidate within the 63,000$ to 73,000$ range since the beginning of February 2026, on-chain data reveals a severe drop-in network activity. The 14-day Simple Moving Average (SMA) of the Bitcoin Daily Average Transaction Volume has plummeted to its lowest level since early 2025.

Following the dramatic price rejection from the 127,000$ peak in October, the market has transitioned into a phase of extreme apathy. This sharp decline in the average transaction size indicates that large entities—namely whales and institutional investors—are currently sidelined, adopting a strict “wait-and-see” approach.

Historically, prolonged periods of depressed transaction volume during price consolidation point to market exhaustion and low liquidity. Traders should monitor this metric closely; a sudden spike in average transaction volume will likely serve as the primary on-chain confirmation needed to validate the next directional breakout from the current trading range.

Written by CryptoOnchain

According to DeFiLlama, the total value locked (TVL) in DeFi has reached around $95 billion, showing a structural recovery after the post-2021 correction. This reflects sustained capital inflows into DeFi protocols, signaling a return of real demand in on-chain finance.

DeFi is being re-evaluated as a core financial infrastructure rather than a speculative trend. Unlike traditional finance, where assets are managed through intermediaries, DeFi enables users to directly control their assets via blockchain-based smart contracts. This represents a fundamental shift from trust in institutions to trust in code and self-management.

At the center of this shift is self-custody. By holding private keys, users retain full ownership of their assets. In Japan, solutions like Hashport Wallet are making self-custody more accessible, lowering the barrier for mainstream adoption.

Stablecoins play a critical role in this ecosystem. Their price stability allows them to function as a foundation for payments, transfers, and DeFi operations. Globally, their market size continues to expand, supporting real-world financial use cases.

As shown in the CryptoQuant chart, Ethereum transaction activity has surged recently, indicating growing network usage. When increased activity aligns with rising prices, it suggests demand-driven growth rather than speculative momentum, pointing to a strengthening on-chain economy.

In Japan, JPYC is emerging as a key driver of this shift. As a yen-denominated stablecoin, it enables DeFi use cases in local currency, making blockchain finance more practical for both individuals and institutions.

Ultimately, DeFi represents the democratization of financial access. With only a wallet and internet connection, users can access global financial services. Japan’s approach, led by JPYC and Hashport, highlights how self-custody and stablecoins can shape a unique national financial model.

Written by XWIN Research Japan

If you want to know why Apparent Demand Growth, Realized Cap, UTXO Age Band (1d - 1w), and Blocks Mined are displayed using Japanese charting methods, I recommend reading the following:

• This dashboard demonstrates, through empirical examples, for the first time that Japanese charting methods, with more than 200 years of history and part of the CMT body of knowledge, a designation recognized by FINRA and the SEC, are applied directly to numerical data that do not represent raw price (many professional indicators), and can be used for trading.

• For the first time as well, I used them to represent network data.

• Includes the history of Candlesticks, Heikin-Ashi, Renko, Anchored VWAP, and Realized Cap/Price, their different forms of use, and reference links for further exploration (31 links included).

• All the trading material shared here comes from authors whose work has been vetted and promoted by the CMT (Chartered Market Technician).

• The CMT Association was founded in 1973 by Ralph Acampora, John Brooks, and John Greeley, growing from informal meetings of technical analysts that began in New York in 1967. Over the following decades, Acampora and the association worked to legitimize the discipline (it was finally recognized by FINRA and the SEC). Today, the CMT represents the highest professional standard in technical analysis. Acampora himself evolved to advocate for what he calls "fusion analysis", the integration of technical and fundamental approaches, as the most complete way to analyze markets.

• The path of technical analysis toward institutional recognition is quite similar to Bitcoin’s. Both faced years of skepticism before regulators (SEC) acknowledged their legitimacy.

• Check the link below ↓

Written by _OnChain

With Bitcoin trading at $71,114 (-2.74%), the market is pricing in the panic after US President Donald Trump announced the naval blockade in the Strait of Hormuz, due to the failure in the attempt to end the war. The military tension with Iran scared the common investor, but the on-chain x-ray reveals that institutional capital does not stop buying, even amidst geopolitical uncertainty.

BITCOIN NETFLOW

While the news bleeds, smart money accumulates. Our main thermometer, Bitcoin: Total Netflow - Binance (SMA-30), registers an average on the publication date of -1.351K BTC ($95.87 million), proving an aggressive removal of coins from the world's largest exchange. Validating this tactical movement, the indicator Bitcoin: Short Term Holder - SOPR - All Exchanges, which represents retail, marks 1.0018. The mathematical verdict is irrefutable: realizing losses predominated over the last 182 days, of which 148 (81.32%) were below 1.00. Today, these investors liquidate their positions practically at 'breakeven' to escape the volatility, delivering cheap liquidity into the hands of those who dictate the rules of the game.

EXCHANGE RESERVE

The high probability of facing a real-time supply shock is confirmed by the indicator Bitcoin: Exchange Reserve - All Exchanges. The global balance plummeted to 2,699,738 BTC, operating below its weekly moving average (SMA-7 of 2,704,201 BTC). This discrepancy drained exactly 4.463K BTC from the order books — an exodus of $316.2 million towards cold wallets (cold storage), right in the epicenter of the geopolitical chaos.

CONCLUSION

The scenario proves that today's drop is not a trend reversal, but a brutal wealth transfer disguised as macroeconomic panic. The data shows that betting against the market in the face of this structural liquidity drought is putting yourself in front of an institutional steamroller.

Written by GugaOnChain