Bitcoin remains subdued as ETF outflows persist and fear sentiment weighs on momentum.

Notable Statistics:

Coinglass data shows 95,957 traders were liquidated in the past 24 hours for $202.18 million.       

SoSoValue data shows net outflows of $133.3 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net outflows of $41.8 million.

In the past 24 hours, top gainers include Injective, Kite and UNUS SED LEO.

Notable Developments:

Trader Notes: Network economist Timothy Peterson noted Bitcoin is on the verge of posting five consecutive negative monthly closes, a pattern seen only three times before. Once during the 2011 bear market and twice during the 2018 bear…

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Ripple (CRYPTO: XRP) CEO Brad Garlinghouse raised his Clarity Act odds to 90% by end of April following a White House meeting Thursday between crypto and banking leaders.

The White House Meeting

Ripple Chief Legal Officer Stuart Alderoty, Coinbase (NASDAQ:COIN) Chief Legal Officer Paul Grewal, a16z’s Miles Jennings, and banking representatives met at the White House Thursday morning to negotiate the stablecoin yield dispute.

“I think it’s now 90% it will pass by the end of April,” Garlinghouse said. “I had said a couple weeks ago, I thought end of April at the time, people thought that was a little optimistic.

There’s a meeting today with a lot of leaders on both sides, the…

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Macro strategist Raoul Pal says the Bitcoin (CRYPTO: BTC) pullback reflects rational capital rotation, not abandonment.

Why Retail Rotated Out Of Crypto

Speaking with Milk Road host LG Doucet, Pal argued that retail investors haven’t turned against crypto permanently. Instead, they’ve temporarily moved capital elsewhere.

Pal described much of crypto retail as the “Robinhood crowd,” younger, risk-tolerant investors comfortable with volatility and speculation.

Most of the retail participants are highly opportunistic and they rotate toward whatever is outperforming. The recent crypto drawdown pushed some toward gold and silver, according to Pal.

He noted that since 2020, Bitcoin has…

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Hedge funds just revealed their Q4 portfolios. The world’s largest investors are making the same bet.

We’ll get into all of it.

THE RUNDOWN

FED › Minutes from the January meeting showed a more divided central bank than expected. Several officials floated possible rate hikes if inflation stays sticky. Markets still price 93% odds of a hold in March, and two to three cuts remain the base case for 2026. But the tone was noticeably hawkish.

THE PLAY: How the Biggest Investors Are Positioning to Win in 2026

The 13F filings this week told a pretty clear story, even if the individual moves seem contradictory. The biggest investors in the world are getting out of the trades that worked last…

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Minneapolis Fed President Neel Kashkari on Thursday attacked crypto and stablecoins, saying proponents deliver “word-salad nonsense answers” when pressed to explain how the technology actually works for cross-border payments.

The Cross-Border Attack

Kashkari used a personal example to dismantle crypto’s cross-border payment thesis. 

His wife was born in the Philippines, and he asked crypto advocates how he could send money to his father-in-law in Manila to buy groceries.

“They say, oh my gosh, it’s so costly to do it today. With this gee whiz crypto stuff, you could do it instantly,” Kashkari said. “But then I still say, how does he buy groceries with it? Well, you still got…

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Jim Cramer took to social media platform X on Thursday to question the cryptocurrency market, specifically questioning Bitcoin’s (CRYPTO: BTC) utility during periods of geopolitical instability.

• What is BTC doing today?

Cramer Dismisses “Iranian War Hedge” Narrative

As tensions between the U.S. and Iran reach levels not seen in decades, Cramer dismissed the long-held thesis that Bitcoin serves as a safe-haven asset.

“at the risk of antagonizing everyone, what IS Bitcoin levered to? I was thinking could be good hedge against Iranian war. NOPE,” Cramer wrote on X.

Market “Slaughter” and Sentiment Shift

The broadcaster did not mince words regarding current price action. In…

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Bitcoin (CRYPTO: BTC) trades around $66,000, but on-chain data suggests the broader crypto market may not be “dead,” though warning signs are emerging.

Is Crypto Dead? On Chain Metrics Say Not Yet

According to data from Santiment, Bitcoin’s network activity has declined significantly since February 2021: 42% fewer unique addresses transacting and 47% fewer new addresses being created.

While this does not confirm a multi-year bear market, it reveals a notable bearish divergence: Bitcoin’s market capitalization reached new highs in 2025 even as underlying network participation weakened.

For a sustainable long-term relief rally, analysts suggest key metrics, such as active addresses, new…

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