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Ethereum (ETH) derivative markets are going through another big accumulation. Historically, derivative market inflows are linked to big price moves. Ethereum (ETH) derivative markets are having another day of peak inflows. Data by CryptoQuant analysts show over 77,000 ETH flowed into derivative exchanges. Similar inflows were observed on March 26 and April 3, followed by an ETH crash to a lower range. The inflows signal arrives at a time when ETH sentiment is bearish, and the market price has broken below the growth trend since the 2022 bear market. For some analysts, the current low sentiment may be a sign of a market bottom, while for others, another drawdown is possible. The current inflows to derivative exchanges surpass the previous inflows of around 65K ETH. The token is closely watched for signs of a bigger price move, especially with the current price pressures. ETH is at a crossroads, with traders waiting for either a breakout or a new crash to a lower range. After the recent inflow to exchanges, ETH open interest is slightly up to $8.28M, with around 35% in short positions. The current price action follows a period of accumulation and signs of whales buying. The overall ETH balance in accumulation addresses has also surged in Q1 and retained the trend in April. Whales also try to re-buy ETH at a lower range, after selling at local peaks. The price move for ETH is not guaranteed to be on the downside. Based on the Ethereum positions heat-map, the market is accruing liquidity both around the $1,500 level, and as high as $1,700 for short positions. From the current price level, it remains uncertain which positions would be attacked first. ETH traded around $1,590.22, showing some weakness after retaining the $1,600 level for a day. The asset still traded near its lows of 0.019 BTC. While ETH expects a breakout, a new slump to a lower range is also seen as a possibility. ETH currently trades on renewed risks based on the US tariff policy against China. Ethereum also reflects the health of the overall DeFi sector, as the chain carries over 49% of all value. The chain remains indispensable for DeFi apps, but the value of ETH reflects the general confidence in the crypto ecosystem. After a period of liquidations, DeFi protocols are rebuilding their liquidity positions, showing the new risk profile for ETH. Currently, DeFi lending protocols carry $937M in positions that can be liquidated if ETH falls to a lower range. The biggest accumulation of liquidity is at $917.99, where most whales decided to secure their loans. Some of the borrowers have taken out loans with a liquidation price of $1,123,390, mostly on MakerDAO. However, borrowers remain extremely cautious in rebuilding their positions. There are almost no loans with a liquidation price in the $1,500 and $1,400 range. ETH still holds over $47B in total value locked, led by Aave and liquid staking protocols. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now

Stocks trimmed gains, led by global chip makers, to see the U.S. stock market opened on Wednesday, April 16. Although the likes of Nvidia were slightly up as investors reacted to news China had indicated its readiness to engage the United States amid ongoing tariffs war, earlier losses impacted greater sentiment and contributed to the major indices opening lower. Nvidia (NVDA), Advanced Micro Devices (AMD), Micron Technology (MU), and ASML Holding (ASML) all fell sharply in premarket trading. The stocks flipped green ahead of Wall Street’s open, but the cautious sentiment lingered after the bell as Washington’s ramped-up tariffs on China imposed further jitters. In particular, the latest move to curb exports of an artificial intelligence chip Nvidia makes for the Chinese market contributed to the earlier rout, with global chip makers AMD and ASML also feeling the pressure. Nvidia’s warning regarding a $5.5 billion quarterly charge amid the AI chip curbs saw NVDA stock dip 6%. AMD, ASML, and other chip stocks also recorded notable losses. The S&P 500 and Nasdaq dropped by 1.2% and 2.1%, respectively, while the Dow Jones Industrial Average opened about 0.6% lower. Optimism remains tempered but investors appear to be seeing an imminent thaw in the China vs. U.S. tariffs arena. Despite President Donald Trump’s administration noting China faced up to 245% in tariffs amid the recent standoff and retaliatory moves, Beijing has signalled it may be willing to come to the table. However, China says this readiness for trade talks comes with demands of “respect” from U.S. counterparts. While this course of events might see a slight uptick in investor sentiment, stocks are largely unmoved . Crypto also notched a slight dip as the S&P 500, Nasdaq Composite and DJIA all opened lower on Wednesday. Meanwhile, retail sales rose 1.4% in March, aligning with consensus estimates. With recent positive inflation readings doing little to lift markets, the focus remains on what this means for the overall U.S. economic outlook before the reciprocal tariffs kicked in on “Liberation Day.”

BNB Chain, the blockchain network supported by Binance, completed its 31st quarterly token burn using its established Auto-Burn mechanism. This latest event permanently removed 1.58 million BNB tokens, valued at roughly $916 million, from circulation. The BNB Foundation confirmed the exact number , destroying 1,579,207.716 BNB tokens. This burn continues the strategy to reduce BNB’s total supply; over 40.88 million BNB still need burning to reach the 100 million target from the current supply of approximately 139.31 million BNB. The Auto-Burn process itself is open and formulaic. The amount burned each quarter adjusts based on BNB’s price and the number of blocks produced on the Binance Smart Chain (BSC). Burned tokens are sent to a verified “blackhole” address (0x00…00dEaD), ensuring they are permanently destroyed and irrecoverable. Related: MEXC and BNB Chain Strengthen Ties to Empower Token Listings & Marketing Currently, the total supply of BNB stands at 139.31 million. The BNB Foundation has set a target to reduce the total supply to 100 million BNB tokens, advancing its commitment to controlling inflation within the network. This mechanism aims to manage inflation within the network and create a more efficient token economy, ideally supporting BNB’s long-term value stability. Despite the large dollar value of tokens destroyed, BNB’s price showed limited immediate reaction. BNB traded around $580.23 after the burn announcement (Apr 16), down 1.44% over 24 hours but still up 4.37 percent over the week. Related: BNB Chain Now Tops Solana in DEX Trading, Price Jumps While token burns lead to price increases due to reduced available supply, the impact on BNB’s market price has not been immediate. However, the long-term effects of these burns may help maintain the stability of the BNB ecosystem and its ongoing growth. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Open interest in the Stellar (XLM) futures market is steadily growing. This indicates that derivatives traders are anticipating a significant upside. Recent spikes in open interest indicate the growing interest of the market participants in Stellar and their enthusiasm to rival XRP with a series of new investors. Per Coinglass data , 483.42 million XLM (worth approximately $117.31 million) are currently held in contracts waiting to be settled. The increase goes up by 1.32% compared to the day before. This indicates that traders are keen on pricing into the upside for the XLM price. Furthermore, bullish technical signals are exhibited with XLM’s recent chart movements. The asset is pushing against the upper boundary of an ascending triangle pattern on the four-hour chart, which is usually construed as a ‘pre-tussle’ of impending breakouts. Thus, the analysts watch closely the $0.2460 resistance level as a key level for the asset. Normally, a decisive break above this barrier will open the door for further bullish momentum should XLM break through, as highlighted in our previous story. The growing confidence of the traders is further boosted by a Stellar’s rebound from a recent downturn. The asset has experienced a recovery from a sharp sell-off that knocked investor sentiment, and it has weathered that well. However, XLM price has shown a resilient posture with the market still experiencing volatility. XLM price is down 1.33 in the last 24 hours, trading at $0.2409 at the time of reporting on Tuesday, April 15. On the contrary, last week’s performance shows a positive picture, with an increase of 3.23% over seven days. Such an upward trend has been a major factor in robbing investors of the jitters and reinforcing the narrative of a continued rally. Moreover, the Stellar price chart is making market watchers take notice of the technical formations on the chart. Crypto analyst Ali Martinez has informed that the triangular consolidation pattern developing on the chart can develop a gigantic value swing. According to Martinez’s analysis, the completion of this pattern could lead to 15% or higher double tops, providing further incentive to traders.

Humanity Protocol founder: TGE is coming, token H is coming Terence Kwok, founder and CEO of Humanity Protocol, said in a post on the X platform, “Over the past few months, we have been focusing on rigorous development work and are now entering the next stage. Token H is the economic engine for verifying the network, aligning the incentives of all parties in the ecosystem to achieve the long-term sustainability of Humanity. H’s mission is to collaboratively promote the operation of open identity infrastructure at scale: verification, authentication, confirmation, and management. TGE is coming, and token H is coming.”