TechFlow news, April 4 — According to a CryptoQuant report, prior to Trump's speech, investors transferred increasing amounts of Bitcoin, ETH, and XRP to exchanges, indicating stronger selling intent. Within hours after Trump began speaking, on-chain transaction volume for Bitcoin also surged significantly. In the U.S., Bitcoin deposits to Coinbase increased as well, particularly from large holders.
Likewise, ETH inflows to exchanges reached a peak of approximately 80,000 ETH within one hour. The amount of XRP transferred to Binance jumped to 130 million within an hour, compared to less than 10 million XRP per hour for most of the previous day.
CryptoQuant stated that rising exchange inflows reflect investors' willingness to close positions amid growing economic uncertainty. Demand for Bitcoin and ETH in perpetual futures markets declined as traders liquidated long positions for profit-taking. However, as negative pressures ease, new economic data (non-farm payrolls and unemployment report) expected late Friday may provide momentum for a short-term market rebound.
