Over March and April, $6 billion in net stablecoin inflows accumulated on Binance, reversing $7.6 billion in prior outflows. Exchange supply ratio hit its highest level in months. Then transfer activity collapsed 68% from January peaks.
Kosta Gushterov
Journalist
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
Latest articles by Kosta Gushterov
Ethereum's open interest has flushed to levels comparable to April 2025 while funding rates turn negative and the taker ratio oscillates near neutral.
Bitcoin's third rejection at $80,000 was accompanied by the sharpest single-candle RSI collapse on the 1-hour chart and a 47% decline in the Coinbase Premium Index since April 22.
Ethereum's 6-month moving average of new smart contract deployments has reached unprecedented levels, higher than at any point in the network's history, while price sits at $2,348, more than 50% below the $4,800 highs of 2021.
Humanity Protocol's $H token has risen 79% over the past month, 41% since Monday alone, entered the top 100 at #92, and is now backed by the highest whale transaction count in five months and the strongest network growth in two months.
34.94 million XRP left exchanges in a single day on April 24, the 6th largest outflow of 2026, while depositing transactions and whale flows sit at multi-week lows.
Ethereum's small and medium whale cohort is approaching profitability for the first time since the correction began, a transition that has historically marked the start of ETH rallies.
Every time Bitcoin has recovered 30% from a cycle low, it has never revisited that low and the price is currently $2,500 away from that threshold.
XRP whale outflow dominance on Binance has reached 94.4%, matching readings from October 2024 and June 2025 that preceded gains of 525% and 71% respectively. The signal has appeared twice before and both times the price moved higher.
Bitcoin's adjusted long-term holder MVRV is declining but remains above the stress zone that has historically accompanied cycle bottoms, while network participation holds near recent highs despite a modest pullback from April 21 peaks.
XRP's whale transactions, exchange deposits, and withdrawals have all hit multi-year lows simultaneously, while price makes lower highs and tests the $1.40 support level for the third time in a week.
Raoul Pal is not watching ceasefire headlines to form his Bitcoin thesis. He is watching the incentive structures of the four parties involved in the Iran conflict, and concluding that the market is pricing a war the game theory says cannot be sustained.
