- Bitcoin trades near $97K as whale inflows to Binance and strong Q1 earnings boost market confidence and liquidity.
- XRP and other large caps rebound with rising sentiment, with altcoins and small caps posting double-digit daily gains.
- Stablecoins dominate volume at 93.76%, while BTC’s 63.84% dominance shows capital rotation into high-cap digital assets.
There have been increased Q1 gains from top firms and intensified whale activity in the crypto market. According to CryptoRank, Bitcoin (BTC) is trading near $97,000, with a market cap reaching $3.14 trillion.
Several assets including Arweave (AR), ImmutableX (IMX), and S Token have surged over 10% in 24 hours. Santiment noted that trader sentiment shifted bullish following a three week rebound.
This rebound is across high market cap digital assets such as Ethereum, XRP, Solana, and Dogecoin. This uptrend has occurred as corporate earnings show major year over year (YOY) growth in the first quarter of 2025.
Crypto Sentiment and Trading Activity
Tether had over $1 billion in operating profit for the quarter. Kraken followed with $472 million in revenue, a 19% year-over-year rise. Robinhood also reported a strong performance, with crypto trading revenue increasing by 100% YoY to $252 million.
Meanwhile, MicroStrategy disclosed a 13.7% year-to-date yield and a $5.8 billion gain in Q1 alone. Worldlibertyfi’s co-founder stated that USD1 will be used in the agreement between mgxai and Binance, further affecting and increasing market interest.
CoinMarketCap data confirmed a 1.32% daily increase in global market cap, while total 24 hour volume rose by 4.17% to $82.3 billion. Stablecoins now dominate 93.76% of market volume, with DeFi accounting for 6.65%. Bitcoin’s dominance surged by 0.25% to 63.84%, suggesting continued capital flow toward BTC.
Whale Inflows Concentrated Around Binance
According to CryptoQuant, Binance, Coinbase, and Kraken remain the top exchanges for large BTC and XRP deposits. On February 25, when Bitcoin dropped below $90,000, Binance absorbed 11.3K BTC in whale inflows.
In comparison, Coinbase recorded 4.9K and Kraken just 0.8K BTC. These inflows occurred as traders reacted quickly to the price swing. XRP followed a similar pattern. Between April 7–9, inflows into Binance surged from 1.2 to 6.9 billion XRP, a local bottom.
CryptoQuant emphasized that whale movement on Binance tends to reflect market turning points more frequently than other platforms. Meanwhile, stablecoin inflows into Binance remain consistent, showing steady liquidity and high market confidence.
Altcoins Trail BTC as Small Cap Tokens Rally
CoinMarketCap’s Altcoin Season Index is at 15/100, indicating stronger Bitcoin performance over altcoins. The Fear and Greed Index fluctuated from 55 (neutral) to 67 (greed), suggesting rising investor optimism.
However, the overall crypto market liquidations totaled to $212.8 million in 24 hours, suggesting ongoing volatility. Small caps also gained by high margins.
Source: CoinMarketCap
According to CryptoRank, ShadowOnSonic (SHADOW) increased by 69.5%, while neet on sol (NEET) gained by 62.3%. BOOP/USDC spiked by 458% on DexScan, leading trending pairs. IMX rose by 14.61%, making it one of the day’s strongest large cap performers.
