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Stablecoin Insights

The stablecoin market is undergoing a transformation, entering a third phase marked by increased regulatory scrutiny. Companies like Tether, the issuer of USDT, and Circle, known for USDC and EURC, are solidifying their positions as industry leaders. This shift is influenced by upcoming regulations such as the European Union’s Markets in Crypto Assets (MiCA) and ongoing legislative efforts in the U.S.

Banks are increasingly considering integrating stablecoins into their operations, recognizing their potential beyond speculative assets. Stablecoins, which are cryptocurrencies designed to maintain a stable value relative to a traditional asset like the U.S. dollar or Euro, facilitate the movement of funds between cryptocurrencies and play a crucial role in decentralized finance (DeFi) ecosystems. This integration could reshape banking by providing efficient and transparent transaction methods.

Recent data shows Circle's EURC supply reaching an all-time high, driven by European traders seeking Euro-backed stablecoins. Experts predict substantial market growth, estimating the stablecoin market could reach $2 trillion by the end of 2028. This evolution highlights the growing importance of stablecoins in the financial landscape.

Ethereum Faces Consolidation as Bulls Eye Key Resistance

Ethereum continues to trade within a narrow range near $1,636, with signs of consolidation emerging after recovering from a local dip. The RSI has climbed to 56.53, slightly above neutral, suggesting mild bullish momentum but no clear breakout. Volume remains relatively stable, with 24H trading volume hovering around $183 million, reinforcing the subdued volatility.

While Ether remains above short-term support near $1,600, bulls have yet to build strong momentum toward key resistance levels at $1,754 and $2,111. The current setup, with RSI trending flat and no decisive price action, reflects hesitation among both buyers and sellers.

Overall, Ethereum’s near-term trend remains neutral, with potential upside if volume increases and RSI breaks into overbought territory. A move below $1,600 could signal renewed bearish pressure, while reclaiming $1,754 would open the door for a broader recovery. For now, the market appears to be waiting for a clearer macro or technical trigger to define direction.

Bitcoin Holder Metrics Show Resilience Amid Market Uncertainty

Despite recent price stagnation, Bitcoin’s on-chain metrics remain largely supportive of a continued bullish outlook. As seen in the token summary data, 87% of Bitcoin holders are currently in profit, with only 10% out of the money, a strong sign of resilience following months of volatility.

Holders are also demonstrating long-term conviction, with 74% of addresses holding BTC for over a year. This suggests that the bulk of Bitcoin’s supply is in strong hands, reducing the likelihood of panic selling during market drawdowns. The holder time share data highlights a maturing investor base focused on long-term value.

Interestingly, while concentration by large holders remains relatively low at 12%, transaction volumes from large wallets over the past week still total over $132 billion, indicating strong institutional activity. However, the net outflows of $464.68 million in the same timeframe reflect a slight decline in capital inflow, which could signal cautious sentiment.

On-chain signals such as transaction volume, and concentration metrics are all flashing green, supporting a “Mostly Bullish” market summary despite broader macroeconomic uncertainties. While short-term volatility remains possible, the overall trend suggests investor confidence in Bitcoin’s long-term strength.

Spot Bitcoin ETFs Face Heavy Outflows Amid Macro Uncertainty

Spot Bitcoin ETFs are under pressure after a sharp $795 million in total digital asset fund outflows last week, according to CoinShares. Of that, Bitcoin investment products accounted for $751 million—marking the third consecutive week of redemptions and a clear shift in investor sentiment.

Net outflows since February have now climbed to $7.2 billion, nearly erasing the year’s gains and leaving just $165 million in net inflows. This retreat coincides with broader macroeconomic concerns, including escalating U.S.–China trade tensions and renewed recession fears.

Bitcoin remains positive on the year with $545 million in inflows, but the tide appears to be turning. Even short-Bitcoin products saw $4.6 million in outflows, suggesting that investors aren’t just bearish—they’re stepping away from crypto exposure entirely.

Assets under management in crypto ETFs have dropped to $130 billion, the lowest level since November 2024. Until macro clarity returns or BTC can break decisively above $86,000, caution will likely dominate ETF-related flows. The market’s next move hinges on global stability and a rebound in institutional confidence.

Solana Surges Against Ethereum, But Path to $300 Faces Onchain Hurdles

Solana has delivered an impressive 30% weekly gain in USD and a 20% rally against Ethereum, pushing the SOL/ETH ratio to a multimonth high of 0.080 on April 13. This marks its strongest weekly close versus ETH in history, suggesting increasing investor preference for Solana amid broader market strength.

The hourly chart shows SOL consolidating near $129.54 with visible resistance around $135.55. Bollinger Bands are beginning to narrow, signaling potential upcoming volatility, while RSI has declined to 45.75, suggesting weakening momentum in the short term.

While traders are targeting a breakout toward $300 based on historical patterns from Ethereum’s 2021 run, onchain data tells a more cautious story. Solana’s daily transaction fees have dropped over 97% since January, and DEX volumes have plummeted from $35.9 billion to just $2.17 billion, highlighting reduced user activity across key platforms.

The lack of rising network demand may cap SOL's near-term upside despite bullish sentiment. For a sustainable move toward $300, renewed activity on Solana’s DeFi ecosystem and an uptick in fees and transaction volumes will likely be necessary. Until then, technical resistance and fundamental headwinds could limit further breakout potential.

Bitcoin Price Stagnates Amid Policy Uncertainty and Technical Resistance

Bitcoin continues to trade sideways, consolidating tightly between $83,000 and $86,000 over the past five days. Despite occasional surges in intraday volatility, the price has failed to sustain momentum, with the 200-day simple moving average acting as firm resistance.

A key reason for this stagnation is market uncertainty tied to U.S. policy signals. President Trump’s recent announcements regarding tariffs on semiconductors and tech components were followed by contradictory statements from officials, leaving investors unsure of the economic direction. This ambiguity has muted broader risk appetite, impacting crypto assets like Bitcoin that often respond strongly to regulatory clarity.

On the technical side, Bitcoin remains trapped between its 50-day SMA at $84,400 and the 200-day SMA at $87,500. The RSI sits just under 60, indicating market indecision and a neutral trend without strong bullish or bearish bias. Daily volume has begun ticking up slightly, currently at $556 million, but not yet enough to break the consolidation pattern.

Until Bitcoin decisively breaks above $87,500 or falls below $84,000, traders can expect continued range-bound action. A clear breakout in either direction will likely be dictated by macroeconomic clarity and a shift in buyer-seller momentum.

Crypto Market Pulse 👀

• 🇯🇵 Japanese Metaplanet purchased 319 BTC for $26M.
• 🏢 Strategy expanded its holdings with another 3,459 BTC ~$285M.
• 🇨🇳 Chinese banks cut deposit rates below 2%, signaling more stimulus on the way as authorities look to support markets.
• 💸 Bessent hints at potential stock buybacks, adding: “We could run up buybacks if we wanted.”
• 🇨🇦 SOL ETFs set to go live in Canada on April 16 — another step forward for institutional crypto exposure.
• 🏛️ Crypto meets Washington: Anthony Pompliano visits the White House for a sit-down with Bo Hines to discuss the administration’s crypto roadmap.

https://x.com/APompliano/status/1911903614572089507  

🚀 Daily Crypto Signals 🚀

Here are SYGNAL's latest, short-term trend-following signals for the top 5 cryptos:

Date: April 15, 2025

📉 $BTC : Bearish (-0.54)

📉 $ETH : Max Bearish (-1.0)

📉 $XRP : Max Bearish (-1.0)

📉 $SOL : Bearish (-0.69)

📉 $BNB : Max Bearish (-0.85)

Our signals are generated daily to help you make informed trading decisions.

This material by SYGNAL is for informational purposes only and does not constitute an offer to buy cryptocurrencies; past performance does not guarantee future results.

Tedenski pregled

Alternativni kovanci še iščejo pogoje za nadpovprečno rast. Eden glavnih kazalnikov za spremebo sentimenta bi lahko predstavljal potencialen pivot centralne banke ZDA. Vse glasneje se Fed pripravlja na zniževanje obrestnih mer. Za letos trg napoveduje kar 3, s prvo že v sredini Maja. Tako razvoj znotraj ekosistema kot tehnični kazalniki kažejo preprodanost!📈

On-Chain Data:

• Zaloga na menjalnicah: Nizke (hramba izven menjalnic) ✅
• Neto Nerealiziran Profit/Loss (NUPL): 47 (Cycle Top: 75)✅
• Funding Rates: Nizke (Nevtralnost trgovalcev)✅

• Indeks Strahu in Pohlepa: 31 (Strah)
• Altcoin Season index: 13 (Bitcoin season)

Market Watch

After a period of heightened volatility due to tariff threats, the crypto market is stabilizing. Market sentiment is slowly improving. Meme coins are starting to regain attention after scammed President’s-coins massacre.

For long-term focused investors, this may be a favorable moment to increase exposure, as new opportunities are forming ahead of the next growth phase. With a focus on projects with strong communities and real utility, the potential for above average returns remains strong 💪 Timing and preparation are key 🔥