Crypto Daybook Americas: Sui, Stx Outperform as Bitcoin Whales Position for Gains

Bitcoin (BTC) Is Taking A Breather Near $ 94,000, Having Droped to $ 92,000 in The Past Two Days. The Cryptocurrency Chalked Out A Bullish Breakout Above Key Resistance Early This Week, Shifting Focus to the $ 100,000 Level and Leaving Majoor Altcoins Like and Bene.

However, Smaller Coins Like Stx, Sui, Ondo and Grt Put in Double-Digit Gains in the Past 24 Hours, OutperForForforming Both BTC and The Wider Market: The Condesk 20 InEx.

BTC’s $ 20,000 Surge Since April 7 Has Been Underpinned by Increated On-Cheain Accompumulation by Whales and Significant Inflows ThoUGH SPOT ETFS Over The Past Three Days, Account to Farside Investors.

Market Gains Have Been Bolstered by Policy Developments in the US Late Thursday, The Federal Reserve Lifted ITS Restrictive Crypto Guidance Crypto-Related Activities.

“Market Internals Currently Suggest A Consolidation Phase – Our Base Case Projects Accuumulation Between $ 90,000 and $ 95,000, with Potential PullBacks to $ 87,000 More in the coming weeks, “SAID VALENTIN Fournier, The Lead Research Analyst at Brn.

QCP Capital Echoed the Sentiment, Noting that A Decisive Catalyst is Needed to Push Prices Above $ 100,000.

Later Today, The University of Michigan Will Publish ITS Final Survey-Based Inflation Experts Report for April. President Donald Trump’s Trade War Has Stoked Main Street Inflation Conceerns, SO The Report Is Likely to Show An Increase. The Market, However, Likely Priced in Those Fears Early This Month and Is Probably Focussing on Next Week’s US Jobs Data.

“The NEXT BIG CHAPER HERE WILL BE WHATHER All this volatility have Hit Real World Decisions – Especialy in the US Jobs Market. There is Plenty of Us Jobs Data Released Nee. Round of Dollar Losses – Albeit A More Benign Dollar Decline on the View that the Federal Reserve Wuld Be Riding to The Rescue After All, “ing Said.

“In Terms of Fed Pricing, The Market Now Sems Comfortable to Price The First Cut in July-Potentilly Once We All Know Whther The 90-Day Pause in Liberation Day. Stay Alert!

What to Watch

• Crypto:
  • April 25, 1 PM: US Securities and Exchange Commission (SEC) Crypto Task Force Roundtable On “Key Considerations for Crypto Custom.”
  • April 28: Enjin RelayChain Increases Active Validtor Slots to 25 from 15 to Enhance Decentralization.
  • April 29, 1:05 AM: BNB Chain (BNB) – BSC Mainnet Hardfork.
  • April 30, 9:30 AM: Proshares Expects ITS XRP ETF, Offering Exposure Through Futures and Swap Agreements, to Begin Trading on NYSE ARCA.
  • April 30, 10:03 AM: Gnosis Chain (GNO), an Ethereum Sister Chain, Will Activate the Pctra Hard Fork On It Mainnet at Slot 21,405,696, EPOCH 1,337,856.
• Macro
  • Day 5 of 6: World Bank (WB) and The International Monetary Fund (IMF) Spring Meetings in Washington.
  • April 25, 8:30 AM: Statistics Canada Releases (Final) February Retail Sales Data.
    • Retail Sales ex Autos Mom Est. -0.4% Vs. Prev. 0.2%
    • Retail Sales Mom Est. -0.4% Vs. Prev. -0.6%
    • Retail Sales yoy prev. 4.2%
  • April 25, 10:00 AM: The University of Michigan Releases (Final) April US Consumer Sentiment Data.
    • Michigan Consumer Sentiment Est. 50.8 Vs. Prev. 57
  • April 28: Canadian Federal Election.
• Earnings (Estimates Based On Factor Data)
  • April 29: Paypal Holdings (Pypl), Pre-Market, $ 1.16
  • April 30: Robinhood Markets (Hood), Post-Market, $ 0.33
  • May 1: Block (XYZ), Post-Market, $ 0.97
  • May 1: Reddit (RDDT), Post-Market, $ 0.02
  • May 1: Riot Platforms (Riot), Post-Market, $ -0.23
  • May 1: Strategy (MSTR), Post-Market, $ -0.11

TKEN EVENTS

• Governance Votes & Calls
  • Lido Dao Is Voting to Extend Is Delegate Incentivization Program (DIP) Through Q4 with A $ 225,000 LDO BUDGET. Voting Ends April 28.
  • Uniswap Dao Will Vote on Establishing A Licensing and Deployment Framework for Uniswap V4 to Accelerate ITS Adoption Across Multiple Caves. The Proposal Grants of the Uniswap Foundation a Blanket Examption to Deploy V4 on Any Dao-Apperoved Chain and Gives the Uniswap Accountability Committee Committee Authority to Department Deployment Records. Voting is april 24-30.
  • April 30, 12 PM: Helium to Host a Community Call Meeting.
• Unlocks
  • April 30: Optimism (OP) to Unlock 1.89% of ITS Circulating Supple Worth $ 23.45 Million.
  • May 1: Sui (Sui) to Unlock 2.28% of ITS Circulating Supply Worth $ 221.99 Million.
  • May 1: Zetachain (Zeta) to Unlock 5.67% of It Circulating Supple Worth $ 11.28 Million.
  • May 2: Ethena (ENA) to Unlock 0.73% Of ITS Circulating Supple Worth $ 13.69 Million.
  • May 7: Kaspa (Kas) to Unlock 0.56% of It Circulating Supple Worth $ 13.91 Million.
  • May 9: Movement (Mova) to Unlock 2.04% of It Circulating Supple Worth $ 11.33 Million.
• TKEN LAUNCHES
  • MAY 2: BINANCE TO DELIST ALPACA FINANCE (ALPACA), PLAYDAPP (PDA), Viberate (Vib) and Wing Finance (Wing).
  • May 5: Sonic (s) to be listed on kraken.

Conferences:Coindesk’s Consensus is Taking Place in Toronto on May 14-16. Use Code Daybook and SAVE 15% ON PASSES.

• April 26: Crypto Vision Conference 2025 (Manilla)
• April 26-27: Harvard Blockchain in Action Conference (Cambridge, Mass.)
• April 27: N Crypto Conference 2025 (Kyiv)
• April 27-30: Web Summit Rio 2025
• April 28-29: Blockchain Disrupt 2025 (Dubai)
• April 28-29: Staking Summit Dubai
• April 29: El Salvador Digital Assets Summit 2025 (San Salvador, El Salvador)
• April 29: IFGS 2025 (London)
• April 30-May 1: Token2049 (Dubai)

Token TalkBy shaurya malwa

• Stablecoin Supple on Solana Hit A Record $ 12.8 Billion on Thursday, Buoyed by Circle Minting $ 1.75 Billion of Its USDC Stablecoin in the Recent Weeks.
• The Minting Signals Strong Demand and Liquidity Growth in Solana’s EcoSystem Despite A Market Lull.
• Supple of Tether’s USDT on Tron Crossed The $ 70 Billion Mark on Thursday.
• Rollup Builder Initia’s New Init Tokens Climbed to 92 Cents After A Thursday Issuance at An Initial Price of 60 Cents. The Token Was Airdroped to USers Based on Their Activity on the Initia Network.
• Content Coin Creation Platform Zora’s Zora Droped 17% Despite Being Aded to the Coinbase Listening Roadmap (Wich Is Historical Bullish for Tokens) AFTER FAILING TO GRAB Demand

Derivatives Positioning

• Sui, Ondo, Uni and Hbar Are Have Shown the most Growth in Perpetual Futures Open Interest in the Past 24 Hours.
• Open Interest in BTC and Eth Futures have flatlined.
• Perpetual Funding Rates for MOSTA TOKENS REMAIN MODERATELY POSITIVE, HIGHLIGHTING BULLISH SENTIMENT.
• The CME Bitcoin Futures Basis Still Remains Below 10%.
• In options, Traders Boughht Eth Puts Via Otc Platform Paradigm While The BTC Call Option at $ 95k Dominated the Flow.

Market Movements

• BTC IS UP 0.23% from 4 pm et thursday at $ 93.701.46 (24hrs: +1.32%)
• ETH IS UP 0.62% AT $ 1.774.26 (24hrs: +1.92%)
• Coindesk 20 IS Up 0.45% AT 2.750.46 (24hrs: +2.79%)
• Ether Cesr Composite Staking Rate is up 1 BPS at 3.13%
• BTC FUNDING RATE IS AT 0.0024% (2.6608% Annualized) on Binance

CD20, April 25 2025 (Coindesk)

• DXY IS UP 0.26% AT 99.63
• GOLD IS UP 0.9% AT $ 3,304.78/OZ
• Silver is Down 0.45% AT $ 33.38/Oz
• Nikkei 225 Closed +1.9% AT 35,705.74
• Hang Seng Closed +0.32% AT 21,980.74
• Ftse is up 0.15% AT 8,419.93
• Euro Stoxx 50 IS Up 0.68% AT 5.149.61
• Djia Closed On Thursday +1.23% AT 40,093.40
• S&P 500 CLOSED +2.03% AT 5.484.77
• NASDAQ CLOSED +2.74% AT 17,166.04
• S&P/Tsx Composite Index Closed +1.04% AT 24,727.53
• S&P 40 Latin America Closed +1.83% AT 2.521.21
• US 10-YEAR Treasury Rate is Down 2 BPS at 4.3%
• E-mini S&P 500 Futures Are Up 0.24% AT 5,524.75
• E-mini NASDAQ-100 Futures Are Up 0.26% AT 19,373.00
• E-mini Dow Jones Industrial Average Index Futures Are Down 0.11% AT 40,219.00

Bitcoin Stats:

• BTC Dominance: 64.18 (-0.37%)
• Ethereum to Bitcoin Ratio: 0.01902 (1.01%)
• Hashrate (Seven-Day Moving AVERAGE): 815 eh/s
• HashPrice (Spot): $ 48.25 Ph/S
• Total Fees: 8.97 BTC / $ 834,273
• CME FUTures Open Interest: 139,505 BTC
• BTC PRICED IN GOLD: 28.1 OZ
• BTC VS Gold Market Cap: 7.98%

Technical AnalysisStx’s Daily Chart. (TradingView/Coindesk)

• Bitcoin Layer-2 Protocol Stacks’ Native Token, Stx, Has Crossed Above the Ichimoku Cloud to Suggest a Bullish Shift in Momentum.
• The Ascending 5- and 10-Day Simple Moving Averages (SMAS) Suggest The SAME, WITH $ 1.05, The August 2024 Low, AS Immediate Resistance.

Crypto equities

• Strategy (Mstr): Closed On Thursday at $ 350.34 (+1.33%), Up 0.19% AT $ 351 in Pre-Market
• Coinbase Global (Coin): CLOSED AT $ 203.87 (+4.66%), UP 1.8% AT $ 205.67
• Galaxy Digital Holdings (GLXY): CLOSED AT C $ 20.68 (+10.41%)
• MARA HOLDINGS (MARA): CLOSED AT $ 14.01 (-0.85%), Up 0.71% AT $ 14.11
• Riot Platforms (Riot): CLOSED AT $ 7.79 (+3.87%), Unchanged In Pre-Market
• Core Scientific (Corz): CLOSED AT $ 7.53 (+5.76%)
• Cleanspark (CLSK): CLOSED AT $ 8.86 (-0.11%), Unchanged In Pre-Market
• Coinshares Valkyrie Bitcoin Mines ETF (WGMI): Closed AT $ 14.06 (+4.07%)
• Semler Scientific (SMLR): CLOSED AT $ 34.44 (+0.47%), Up 2.47% AT $ 35.29
• Exodus Movement (Exod): Closed At $ 45.21 (+2.54%), Down 0.44% AT $ 45.01

ETF FlowsSPOT BTC ETFS:

• Daily Net Flow: $ 442 Million
• Cumulative Net Flows: $ 38.13 Billion
• Total BTC Holdings ~ 1.14 Million

Spot eth etfs

• Daily Net Flow: $ 63.5Million
• Cumulative Net Flows: $ 2.32 Billion
• Total Eth Holdings ~ 3.32 Million

Source: Farside Investors

Overnight FlowsOvernight Flows April 25, 2025 (Coindesk)

Chart of the dayBTC Exchange Balances. (Cryptorank.io, Glassnode)

• The Number of BTC Held in Wallets Tied to Centralized Exchanges Continues to Slide, Hitting The Lowest in Five Years.
• “Historically, Such Decklines have offen preceded price increases, as shown in the chart,” Cryptorank Said.

While You Were Sleeping

• ARK INVEST RAESS 2030 BITCOIN PRICE TARGET TO AS HIGH As $ 2.4m in Bullish Scenario (Coindesk): Ark’s Revised Bitcoin Outlook Sees a 2030 Bull-Case Price Stmitate, with Base and Bear Scenarios Projecting $ 1.2 Million and $ 500,000, Respectively.
• Stacks’ Stx is Week’s Best Performer as Bitgo Link Seen Boosting Institutional Use (Coindesk): Bitgo Opened The Door for Its Customers to Explore Yield-Generation OPPORATIPTIPTIPTUPTIPTIPTIPTIPTIPTIPTIPTIPTINGS Synthetic Derivative That Represents Bitcoin in A 1: 1 Ratione On the Stacks Blockchain.
• Nvidia Continues to Kiep Crypto at Arm’s Lenger (Coindesk): A Last-Minute Halt on a Crypto AnnounCement Underscores How Nvidia Still Excludes Blocchain Projects From. Continued Outreach from the Sector.
• China May Exempt some US Goods from Tariffs as Costs Rise (Bloomberg): China Is Review Tariff Relief for Select US Imports, Including Medical Devices, Ethane, Indust. and Plane Leases As Officials Respond to Mounting Pressure from Affected Sectors.
• Ukraine May have to Give Up Land for Peace – Kyiv Mayor Klitschko (BBC): Speaking Hours after Territorial Consions for Temporarium Peace, Thought UKRAINIANS Wuld be Never Accept Russian Occupation.
• AMERICAN Companies Shred Outlooks Over Tariff Uncertain (The Wall Street Journal: Business Leaders Say Say Shifting Trade Levies Stall Hiring, Blur Earnings Projects and ConstPelo Sport, and ConstPelo Sport, Burnings and Conjing. Revisions Across Airlines, ManualFactures and Consumer Brands.

In the EtherITE April 25 2025 (Rafi_0x/X)

ITE April 25 2025 (Jeremy Allaire/X)

ITE April 25 2025 (Eleanor Terrett/X)

ITE April 25 2025 (TFTC/X)

ITE April 25 2025 (Nate Geraci/X)

ITE April 25 2025 (Santiment/X)