Key Notes
- The crypto market cap rose by 0.9% to $2.96 trillion on Christmas Day.
- Ethereum recorded a CEX outflow of over 605,000 ETH in just 30 days.
- BTC and ETH-related investment products continue their outflows.
The cryptocurrency market continues to surprise investors with mixed price movements, strong Ethereum
ETH
$2 928
24h volatility:
0.2%
Market cap:
$353.13 B
Vol. 24h:
$12.30 B
accumulation, and consecutive outflows from crypto-related exchange-traded funds.
The global crypto market cap rose by 0.9% in the past 24 hours to $2.96 trillion, while the daily trading volume decreased by 32% to $67 billion, according to data from CoinMarketCap.
This time, however, the price hike isn’t coming from leading digital assets. The CMC20 index, which tracks the combined price change of the top 20 cryptocurrencies, rose by just 0.27%. This indicates that smaller altcoins recorded stronger gains than the largest ones.
Related article: Ether Sees Massive Smart Investor Buys, Relief Rally Ahead?For instance, Bitcoin
BTC
$87 469
24h volatility:
0.8%
Market cap:
$1.75 T
Vol. 24h:
$24.89 B
gained 0.8% to $87,700, and ETH has been consolidating close to $2,940.
According to a Coinspeaker report, VanEck, a global investment management firm, expects 2026 to be a “consolidation year” for Bitcoin, which would also mean lower price volatility.
Bears vs. Bulls
Mixed movements and expectations continue to dominate the price charts and social feeds.
Ethereum’s consolidation below $3,000 comes while the asset sees impressive accumulation. According to data from CoinGlass, centralized crypto exchanges recorded a net outflow of 43,800 ETH, roughly $128.8 million, in the past 24 hours.
The monthly Ethereum outflow from CEXs reached 605,370 ETH, worth just under $1.8 billion, over the last 30 days.
In the meantime, US-based ETH ETFs recorded another $52.8 million in net outflows in the past 24 hours, according to data from Farside. Bitcoin-based investment products also saw their fifth consecutive outflow, worth $175.3 million.
Some analysts have pointed out a sharp decline in BTC whale and shark wallets, a bearish pattern similar to late 2021.
On the other hand, Anthony Pompliano, a prominent Bitcoin investor and analyst, believes that the bearish year-end Bitcoin performance doesn’t mean the asset would see a bearish Q1 in 2026.
nextDisclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Swing Trader 0x4F51 Exits Final ETH Position With $1.44M Loss
Gate News message, swing trader 0x4F51 sold his remaining 1,000 ETH valued at $2.22 million 5 hours ago, realizing a $1.44 million loss on the transaction. Since January 27, 2025, the trader has executed 4 swing trades, with 3 resulting in losses totaling $2.45 million.
GateNews1h ago
Metalpha linked wallet deposited 7,200 ETH into a certain CEX, worth approximately $15.79 million
Gate News message, on April 10, blockchain analyst Onchain Lens monitored data shows that a wallet associated with Metalpha deposited 7,200 ETH, worth about $15.79 million, into a certain CEX.
GateNews1h ago
ETH 15-minute pump of 0.60%: exchange net capital outflows and on-chain large transfers drive a short-term rebound
2026-04-10 01:30 to 2026-04-10 01:45 (UTC), ETH traded within the 2185.0 to 2204.03 USDT range. The candlestick return was +0.60%, and the 15-minute intraday swing was 0.87%. During this period, mainstream market attention increased, with trading volume expanding by about 20% compared with the periods before and after, indicating stronger short-term liquidity.
The main drivers behind this unusual move were exchange net outflows and active on-chain large transfers. On-chain data shows that during this period, ETH saw multiple transactions, each over 8,000 ETH,
GateNews1h ago
Giant whale “sets 10 big targets first” — the BTC short position is currently down by $650k, and the ETH short position is currently up by more than $410k
A giant whale updated its position status. It currently holds 2,201.507 BTC short contracts, showing an unrealized loss of $650k; it also holds 7,093 ETH short contracts, showing an unrealized gain of $413k; the total value of its short contracts of $173 million currently has an estimated net unrealized loss of about $237k.
GateNews1h ago
Ethereum Researchers Float ‘Block-in-Blobs’ Upgrade to Cut Validator Data Load
Ethereum researchers propose EIP-8142, aiming to encode transaction data directly into blobs, reducing validators' data processing load and addressing scalability issues. This shift could enhance network efficiency while prompting broader architectural considerations.
CryptoNewsFlash1h ago
Grayscale Stakes 83,200 ETH Worth $183.97 Million
Gate News message, Grayscale has staked 83,200 ETH valued at $183.97 million two hours ago. The staking operation represents a significant move by the digital asset management firm in the Ethereum network.
GateNews2h ago
