CryptoQuant： Whale holdings decreased by approximately 30000 BTC this week

On April 19th, according to DeFiLlama data, Solana's on chain DEX transaction volume reached $1.887 billion in the past 24 hours, ranking first and surpassing Ethereum's on chain DEX transaction volume of $1.182 billion.

According to official data, in the seven days ending April 17th, Circle issued approximately 3.2 billion USDC, redeemed approximately 2.2 billion USDC, and increased circulation by approximately 1 billion coins. The total circulation of USDC is 60.8 billion pieces, with reserves of approximately 61 billion US dollars, including cash of approximately 7.7 billion US dollars, and Circle Reserve Fund holding approximately 53.3 billion US dollars.

Odaily Planet Daily reported that according to Lookonchain monitoring, wallets related to Abraxas Capital withdrew 505 bitcoins (approximately $42.64 million) from Binance within 9 hours. In the past four days, the wallet has withdrawn a total of 2949 bitcoins worth approximately $250 million from the exchange, indicating a continuous trend of whales and institutions increasing their holdings of bitcoins.

Odaily Planet Daily News: Analyst Mignolet has published an article on CryptoQuant's blog platform Quicktake warning that the Bitcoin market is about to experience volatility. Mignolet's disclosed data shows that approximately 170000 BTC are being transferred from the group that has held them for 3 to 6 months, and the behavior of these short-term holders may lead to the current calm BTC price not lasting for long, indicating that the market is about to experience significant fluctuations. In contrast, long-term holders only move about 529 BTC per day, highlighting short-term fears or profit taking, while their long-term beliefs remain intact.

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