[News Brief] Apr 22, morning | Bitcoin Spot ETFs See $696 Million in Net Outflows in a Single Day, Extending Streak to 6 Consecutive Trading Sessions

Bitcoin Spot ETFs See $696 Million in Net Outflows in a Single Day, Extending Streak to 6 Consecutive Trading Sessions

Bitcoin spot ETFs recorded $696 million in net outflows on the 25th, U.S. Eastern Time, according to PANews citing SoSoValue data.

The net outflow streak for bitcoin spot ETFs continued for six consecutive trading sessions. Among individual products, Fidelity’s FBTC saw the largest single-day net outflow, with $274 million withdrawn.

Meanwhile, Morgan Stanley’s MSBT posted net inflows of $9.1679 million. MSBT’s cumulative net inflows were tallied at $327 million.

Bitcoin spot ETFs currently hold total net assets of $72.573 billion, and the ratio of ETF net assets to bitcoin’s total market capitalization stands at 6.09%. Cumulative net inflows amount to $52.05 billion.

CoinGlass: $635 Million in Crypto Futures Liquidations in One Hour, with Longs Accounting for 94%

According to CoinGlass, about $635 million worth of forced liquidations occurred in the crypto futures market over the past hour. Of that, long-position liquidations totaled about $597 million, accounting for roughly 94% of the total.

By exchange, liquidation volume was about $279 million on Binance, $185 million on Hyperliquid, and $80.6 million on Bybit. By asset, about $329 million in bitcoin and $140 million in ether were liquidated, with additional multimillion-dollar liquidations seen in XRP, Solana, and HYPE.

Over the past 24 hours, total liquidations reached about $1.457 billion, with about 215,700 traders forcibly closed out of their positions. In sharp sell-offs, cascading liquidations of leveraged long positions can amplify price volatility.

Wiz: Large ETH Lending Positions Near Liquidation Levels, First Threshold at $1,472

According to Odaily, on-chain analyst Wiz said that several large ETH lending positions have moved close to their liquidation levels following the recent decline in the crypto market.

The first liquidation price is $1,472, covering 72,700 ETH worth about $114 million. The second liquidation price is $1,355, affecting 167,600 ETH worth about $263 million held by a large investor who bought ETH earlier this month.

The third liquidation price is $1,160, which includes Hyperliquid’s largest long position of 120,000 ETH, worth about $188 million. If the market continues to fall, additional forced liquidations could intensify volatility.

2,537 BTC Transferred to Coinbase Institutional

According to Whale Alert, 2,537 BTC were moved from an anonymous wallet to Coinbase Institutional.

The transfer was worth about $149.85 million. Large bitcoin transfers to exchanges are closely watched as a key on-chain indicator because they may signal potential selling pressure.

CryptoQuant: All Three ETH Whale Cohorts Now in Unrealized Losses for the First Time Since 2019

CryptoQuant analyst Darkfost said that all three major Ethereum whale cohorts have entered unrealized loss territory.

Citing PANews, Darkfost wrote on X on the 26th that the unrealized profit ratios were -0.26 for holders of 1,000 to 10,000 ETH, -0.21 for holders of 10,000 to 100,000 ETH, and -0.05 for holders of more than 100,000 ETH.

This is the first time since 2019 that all three groups have simultaneously been in the red. Darkfost noted that even during the 2022 bear market, whales holding more than 100,000 ETH remained profitable, adding that similar periods in the past have coincided with the formation of market bottoms.

Daily Trading Volume of Tokenized Stocks on Solana Reaches $553 Million

PANews reported that daily trading volume for tokenized stocks issued on the Solana network reached $553 million.

Tokenized stocks are assets that allow real-world securities such as equities to be traded on-chain. The increase in volume reflects expanding trading activity in the Solana-based on-chain real-world asset market.

Bitmine Stakes an Additional 160,480 ETH

According to on-chain analytics firm Lookonchain, Tom Lee’s Bitmine staked an additional 160,480 ETH, worth about $248.7 million.

As a result, Bitmine’s cumulative staked amount has increased to 4.88 million ETH, worth about $7.56 billion. This represents 86% of its total holdings.

Ondo Launches 24/7 Instant Minting and Redemption for U.S. Tokenized Stocks and ETFs

According to Odaily, Ondo has officially launched 24/7 instant minting and redemption services for U.S. tokenized stocks and ETFs.

With this upgrade, eligible users can mint or redeem supported assets at current market prices at any time, including weekends and U.S. public holidays. Previously, the service operated 24 hours a day only on weekdays.

The initially supported assets are six products: SPYon, QQQon, CRCLon, NVDAon, TSLAon, and GOOGLon. The service is currently available on Ethereum and BNB Chain, with Solana support to be added later.

Strategy Preferred Stock STRC Trades at a 25% Discount to Par Value

According to Odaily, Arkham said Strategy’s preferred stock STRC was trading at about $76.2, roughly 25% below its $100 par value.

STRC is a perpetual preferred stock offering an annual dividend yield of around 11.5%, with about 104.89 million shares outstanding. This implies annual dividend costs of about $1.2 billion, while Strategy’s dollar reserves stood at about $1.4 billion as of Monday this week.

Arkham said STRC does not have a forced-liquidation structure like Terra Luna. It added that neither Strategy nor Michael Saylor faces structural forced-liquidation risk, and that the price decline reflects the market’s assessment of future dividend sustainability rather than an immediate payment crisis.

However, Arkham added that if the high dividend ultimately depends on raising additional capital from the market, it could weigh on the attractiveness of new capital inflows into MicroStrategy common stock MSTR.

Suspected Phishing Attack Targets Polymarket Users, with Estimated Cumulative Losses of $2.94 Million

According to Odaily, on-chain security analyst Spreek said a suspected phishing attack targeting Polymarket users has resulted in estimated cumulative losses of about $2.94 million so far.

Spreek said the attacker moved funds out of more than 11 victim wallets holding PUSD and then converted the stolen assets into ETH. The incident is still being traced, and users were urged to stay alert to phishing risks.