Between 2026-04-16 15:00 and 15:15 (UTC), the ETH price recorded a +0.65% return. The highest price in the range was 2330.16 USDT, while the lowest was 2308.58 USDT, with a swing of 0.93%. The short-term rally immediately drew market attention, increasing capital activity; volatility remained moderately elevated, characterized by strengthening spot buying power. The main driving force behind this unusual move is that buy orders in the spot markets of major trading platforms continued to dominate. Within 15 minutes, the buy volume accounted for 58%–59%, and the total buy volume was about 2.2K–2.6K ETH

From 15:00 to 15:15 (UTC) on 2026-04-16, BTC logged a +0.46% return within 15 minutes. The price fluctuated in a range of 73,939.7 to 74,440.0 USDT, with an amplitude of 0.68%. During this time window, market attention increased, short-term volatility intensified, and fund-flow characteristics changed noticeably. The main driver of this deviation is the continued outflow of large amounts of capital from exchanges. According to on-chain data, in the past 24 hours the net flow was -14,408.84 BTC, mainly concentrated in large transfer ranges of more than $1 million (especially>$10M net outflow -12,987.03 BTC). This shows that institutions and large holders actively reduced their BTC holdings on exchanges, and short-term selling pressure was significantly lowered. Against the backdrop of persistently weak liquidity, with order book depth remaining at a low level for a long time, the price has become more sensitive to medium-sized buy orders—amplifying the impact of even modest inflows on spot market price action. In addition, macro conditions changed in parallel and produced a synchronized effect: easing geopolitical tensions in the Middle East boosted overall market sentiment. International gold prices rose, global equity markets hit new highs, and the market re-evaluated the probability of the Federal Reserve cutting rates within the year, further increasing investor attention to safe-haven assets (including BTC). At the same time, on-chain data indicates that the “whale” trading activity during this phase is at an annual low (>$1M transfers fell to 1,485 transactions). With heavy market wait-and-see sentiment and limited short-term supply, BTC’s responsiveness to sudden buy-side capital was further enhanced. Investors should be reminded that current market liquidity is still fragile. Insufficient order book depth increases the market’s sensitivity to large capital movements, and short-term volatility may intensify. Going forward, focus on further shifts in on-chain large-fund flows, changes in price action as it breaks through support or resistance regions, and the risks and opportunities brought by related macro policies and geopolitical developments. Please continue to track key data and stay alert to any sudden shocks during the period of abnormal moves.

2026-04-16 13:45 to 14:00 (UTC), ETH spot prices fell by 1.23% in just 15 minutes. The candlestick price range covered 2291.2 to 2336.98 USDT, with a swing of 1.96%. Market volatility intensified, sell pressure on the board became concentrated, and the trading community’s focus clearly shifted toward changes in capital outflows. The main driver behind this abnormal move is large-scale, concentrated selling from retail. In the spot market, net outflows in the first 5 minutes reached as high as -$95.57M. Although some lead/major funds attempted to accumulate at lower prices (net inflows of +$18.95M in large orders over 5 minutes), the overall scale was limited and unable to effectively hedge the overall short-term selling pressure. Meanwhile, the ETH futures market did not show extreme liquidations or large-scale position closures, indicating that the core of the abnormal move came from a spot supply-and-demand imbalance rather than leveraged liquidation cascades. In addition, ETH spot ETF funds have continued to experience net outflows in early April. On April 1, the single-day net outflow was $7.1M. The overall trend in Q1 was bearish, directly reflecting weakening institutional capital allocation intent and further undermining market confidence. Some funds have shifted to on-chain staking and emerging DeFi protocols. It is also worth noting that large holders with holdings in the 100,000-ETH range have continued to reduce their positions since the end of March. Whale capital outflows have persisted, and retail has followed the above signals, leading to a multi-factor selloff resonance effect in the short term. Although both the number of active addresses on the ETH chain and daily trading volume have hit historical highs, network usage and liquidity are overall strong, but capital flow has not formed any substantive spot buy orders, making it difficult to drive a price reversal. At present, short-term market risk remains significant. Investors should pay attention to the strength of subsequent retail selling, the direction of ETF fund flows, and changes in large-holder positions. If large holders and major funds do not form a strong follow-through/acceptance, the spot market may continue to be affected by the release of structural supply. It is recommended that investors monitor key support zones in real time, track large on-chain fund movements, and watch for macro news developments, in order to reasonably mitigate the risk of short-term price fluctuations and promptly obtain more market information.

Gate News update: Gate Pre-IPOs has officially launched the subscription page for its inaugural project, SpaceX (SPCX). Users can participate in the subscription; this round supports two currencies: USDT and GUSD. The subscription period is from 2026-04-20 18:00 to 2026-04-22 18:00 (UTC+8). The distribution time is 2026-04-22 22:00 (UTC+8). Pre-market trading will open on 2026-04-24 18:00 (UTC+8). After the subscription is completed, the asset certificates will be distributed in a 100% unlocked format. Eligible VIP users and super agents can enjoy additional free airdrop rewards, which will be issued simultaneously with the subscription distribution. SPCX is a Mirror Note (mirror note) based on SpaceX, used to mirror its value performance before and after listing. Users can use the Pre-IPOs mechanism to gain value exposure in advance before the target company enters the public market.

Gate News message: According to Gate’s official announcement, the subscription page for Gate Pre-IPOs Phase 1 project SpaceX (SPCX) has been officially launched. This round of subscription supports participation in two currencies: USDT and GUSD. The subscription period is from 2026年4月20日18:00 to 2026年4月22日18:00 (UTC+8). After the subscription is completed, asset certificates will be distributed in a 100% unlocked format. The distribution time has been moved up to 2026年4月22日22:00 (UTC+8). Once assets enter the pre-trading stage on Gate, pre-market trading will begin at 2026年4月24日18:00 (UTC+8). Eligible VIP users and super agent partners can receive additional free Airdrop rewards, distributed in sync with the subscription distribution. SPCX is an imaged security based on SpaceX, used to map its value performance before and after its listing. Users can use the Pre-IPOs mechanism to obtain value exposure in advance before the target company enters the public market.

Gate News, according to the exchange’s official announcement, Gate will delist the trading markets for 12 tokens including GX, IMAYC, LOOT, PLANCK, AURASOL, WATER, HMT, WAMPL, DEFI, FWOG, WLTH, LIQ. The delisting affects services such as spot trading pairs, quantitative grid trading, Yu'ebao, and leveraged trading. The specific timeline is as follows: related token deposit services have been suspended; all new leveraged borrowing and collateralized borrowing will be closed before 2026-04-16 16:00 (UTC+8); trading services will be suspended at 2026-04-22 11:00 (UTC+8). Among them, IMAYC will not support withdrawals for now due to an on-chain abnormality; withdrawals will resume once the issue is resolved. After the trading markets are taken offline, users who still hold the relevant tokens in Gate as of after 2026-05-06 may apply for repurchase. The repurchase price range varies from GX 0.000006594 USDT to WAMPL 0.15774 USDT, and the maximum compensation amount per user is 100 USDT. Users need to submit their applications during 2026-05-06 to 2026-05-13.

Gate News message, according to Gate’s official announcement on April 15, 2026 Gate launches a “Crazy Wednesday” campaign, running from April 15, 2026 at 14:00 to April 19, 2026 at 16:00 (UTC+8). Users complete multiple tasks to unlock mystery boxes, with a chance to win XRP tokens and Glenfiddich whisky. The mystery box tasks include multiple categories such as flash swaps, spot, and futures trading, as well as top-ups, invitations, and VIP upgrades, and each tier corresponds to a different number of mystery box openings. Campaign Two launches a USDT wealth-management product, with a 14-day fixed-term annualized yield of 6%. New users can also participate in a 3-day product offering 100% annualized yield. In addition, Yu’e Bao also offers multi-currency wealth-management options such as USAT, USDD, 0G, and APT, with annualized returns of up to 300%. Campaign Three introduces a boosted rewards policy for staking users, offering up to a 16% annualized return for staking BTC, ETH, and SOL; for SOL staking, staking 0–1 coins can yield up to 16% annualized.

From 2026-04-15 00:00 to 00:15 (UTC), the BTC price recorded a +0.54% return within 15 minutes. The range fluctuated between 74129.2 and 74680.0 USDT, with a 0.74% amplitude. This round of short-term upside momentum came alongside a synchronized increase in trading volume, boosting market attention and causing volatility to exceed the daily average level. The main drivers behind this unusual move are that on-chain monitoring detected two large BTC transfers totaling 3050 BTC flowing into the exchange’s mainstream addresses, triggering capital to concentrate into both the spot and futures markets at the same time. Exchange net inflow

2026-04-15 00:00 to 00:15 (UTC), ETH shows a local anomaly. The 15-minute return rate is +0.66%. The trading price range is 2321.93–2343.2 USDT, with a range of 0.92%. During this period, market attention increased, volatility slightly intensified, buy pressure in the order book shifted upward in the short term, and quickly pushed spot prices up into a key resistance area. The main drivers of this anomaly are large on-chain transfers and inflows of capital in combination. At the beginning of the window, multiple large ETH transfers appeared, including 8,676 ETH and 6,551 ETH, respectively, transferring from a large source to the

2026-04-14 16:45 to 2026-04-14 17:00 (UTC), within the 15-minute window ETH’s return recorded -0.72%. The price range fluctuated from 2329.63 to 2351.42 USDT, with a swing of 0.93%. During this period, market capital outflows accelerated markedly, volatility intensified, market sentiment turned cautious, and attention rose rapidly. The main driver of this anomaly is that on-chain large addresses (whales) centralized and transferred ETH to exchanges, releasing a large sell signal. The net outflow of funds from the main capital totaled as much as -61.80 million USD,