Bitcoin ETFs (exchange-traded funds) recorded significant net outflows this week, with institutional investors pulling out nearly $800 million amid market uncertainties.
Despite high expectations for the White House Crypto Summit, Bitcoin ETFs saw their fourth consecutive week of outflows, suggesting that institutional sentiment remains cautious. Over $4.5 billion in net assets have exited the market in the past four weeks.
Bitcoin and Ethereum ETFs Experience Heavy Outflows
Data on SoSoValue shows US Bitcoin ETFs faced total net outflows of $799.39 million this week after five consecutive days of negative flows.
The largest single-day outflow of the week occurred on Friday, with $409 million withdrawn from Bitcoin ETFs.
Data on Farside Investors corroborates the outlook. It shows that the largest contributors to Friday’s landmark outflows were Ark Invests’ ARKB and Fidelity’s FBTC ETF instruments. They posted $160 million and $154.9 million in negative flows, respectively.
BlackRock’s IBIT and Grayscale’s GBTC followed with $39.9 million and $36.5 million. Meanwhile, the other issuers, save for Bitwise (BITB), recorded zero flows.
Ethereum ETFs also continued their negative trend, logging a second consecutive week of net outflows.
Ethereum ETFs Weekly Net Outflow. Source: SoSoValue
These negative flows come despite anticipation that this would be a bullish week amid White House Crypto Summit hype. The outflows suggest that macroeconomic concerns and strategic market positioning have overshadowed the event’s impact.
Some analysts point to persistent fears over President Trump’s trade tariffs and broader economic instability. These, they say, sour institutional confidence. Specifically, industry experts have highlighted structural shifts in the market as a possible explanation for the ongoing capital flight.
Kyle Chasse recently explained that hedge funds have been exploiting a low-risk arbitrage trade between Bitcoin spot ETFs and CME futures. However, as these trades collapse, liquidity is withdrawn from the market, influencing sell-offs and outflows from crypto investment products.
QCP Capital Explains Crypto Market Reaction
Meanwhile, a recent report from QCP Capital provided additional insight into the market reaction. The firm noted that while the White House Crypto Summit was initially expected to be a key bullish catalyst, President Donald Trump preempted expectations by signing an executive order establishing the Strategic Bitcoin Reserve and US Digital Asset Stockpile.
Upon the signing, Bitcoin’s price dropped sharply from $90,000 to $85,000 in what analysts called a “sell the news” event. Market participants positioned for a bullish outcome at the summit were caught off guard, leading to a sharp sell-off.
“The knee-jerk reaction lower likely stems from the realization that no actual budget has been allocated for BTC purchases in the near term,” read an excerpt in the QCP report.
This explains Friday’s climax of the week’s Bitcoin ETF outflows. Overall, it’s evident that macroeconomic factors are driving fears among institutional investors, at least for the short term.
After soaring nearly 70% in recent weeks, SUI has faced a swift correction, shedding 10% of its value over the past three days. Despite strong bullish momentum pushing the altcoin into the spotlight, the sudden pullback hasn’t rattled investors.
The broader outlook for SUI remains intact, with on-chain metrics and market indicators signaling that this drop may be nothing more than a cooldown.
SUI Investors Can Rejoice
The 50-day exponential moving average is on the verge of overtaking the 200-day EMA. This near-crossover suggests SUI could soon witness a golden cross — a strong technical signal indicating a shift in long-term momentum.
Should the crossover complete, it would mark the end of SUI’s death cross that began seven weeks ago.
Such a shift would likely encourage renewed buying pressure. A golden cross often precedes significant rallies, and with SUI’s price having gained nearly 70% prior to the recent drop, bullish sentiment appears far from fading.’
SUI’s relative strength index (RSI) recently breached the overbought threshold, triggering a cooldown as traders took profits. This RSI dip corresponded with the 10% price drop, signaling that the asset was temporarily overheated and needed to stabilize.
Despite the retreat, the RSI remains within bullish territory, hovering just below the overbought zone. This means that while the rally has paused, the overall trend remains intact, and further gains may be on the horizon if buying volume increases again.
At press time, SUI is trading at $3.16, having slipped below a key support level during the last 24 hours. The 10.77% decline stems from the altcoin’s failure to breach the $3.59 resistance level, compounded by a general market cooldown. Still, the correction is viewed by many traders as temporary.
The broader indicators continue to reflect bullish conditions. The nearing golden cross, resilient RSI, and strong upward momentum all hint that SUI could soon reclaim $3.16 as support. If momentum returns, the asset might retest $3.59 and potentially break past it, resuming its prior recovery path.
However, delays in recovery could change the script. Should SUI fail to reclaim $3.16 soon, the altcoin risks slipping further. A failure to breach $3.39 or secure support at $3.18 could send the price tumbling toward $2.77, potentially invalidating the bullish thesis and signaling a trend reversal.
Cardano (ADA) shows renewed strength, up more than 10% in the last 24 hours. Its market cap is now at $26.5 billion. Trading volume has surged 50% over the same period, reaching over $900 million, signaling rising interest and activity.
As ADA forms an early-stage uptrend, technical indicators like ADX and EMA suggest growing momentum and the potential for a bullish breakout. However, a six-day decline in whale wallets raises caution, highlighting a possible divergence between price action and large-holder behavior.
Cardano ADX Rises: Is a Stronger Move Coming?
Cardano’s ADX (Average Directional Index) has climbed to 18.08, up from 14.88 a day earlier, signaling growing trend strength.
This shift comes as ADA starts forming an early-stage uptrend, with higher lows beginning to appear on the chart. While the price hasn’t broken out decisively yet, the rising ADX suggests that underlying momentum is building.
Traders often monitor these early ADX increases as potential signals of a larger move ahead, especially when paired with bullish structure.
The ADX is a widely used technical indicator that measures the strength, but not the direction, of a trend. Readings below 20 typically indicate a weak or ranging market, while values between 20 and 25 signal that a trend is forming.
A move above 25 confirms a strong, active trend. With ADA’s ADX now at 18.08 and steadily rising, the indicator is approaching the critical threshold that could validate a strengthening uptrend.
If the ADX crosses above 20 and price continues to climb, it could attract more bullish momentum and increase the chances of a sustained rally.
ADA Whale Wallets Drop for Sixth Day—Caution Ahead?
Despite Cardano forming an early-stage uptrend, the number of ADA whale wallets holding between 1 million and 10 million ADA has been quietly declining.
There are 2,426 such addresses, down from 2,438 just six days ago. This marks a six-day consecutive drop, following a recent peak that represented the highest whale count since mid-March.
While the price shows signs of strength, the quiet exit or redistribution among large holders could raise caution for short-term momentum.
Tracking whale wallets is crucial because large holders can significantly influence price direction through accumulation or distribution behaviors. When these addresses grow in number, it often signals confidence in the asset and a potential for sustained rallies.
Addresses Holding Between 1 Million and 10 Million ADA. Source: Santiment.
Conversely, a consistent drop in whale activity—especially during a forming uptrend—may suggest profit-taking, reduced conviction, or capital rotation into other assets.
At current levels, the ongoing decline in ADA whales may be an early warning sign that not all large investors are backing this rally. If the trend continues, it could limit Cardano’s upside potential, or at least slow down the pace of gains.
Traders should watch closely whether this divergence between price action and whale behavior widens or begins to realign.
Cardano Eyes Golden Cross as Price Approaches Key Resistance
Cardano’s EMA lines are tightening, suggesting a golden cross could form soon—a bullish signal that occurs when the short-term EMA crosses above the long-term EMA.
If confirmed, and if Cardano price breaks above the $0.73 level, it could open the door to test the next resistances at $0.746 and $0.774.
A sustained breakout would put $0.80 in play, a level not seen since March 8, potentially reigniting broader bullish momentum for ADA in the short term.
Elon Musk has emerged as the most influential figure in crypto, surpassing US President Donald Trump. The top ranks of crypto influence also include current and former Congresspeople. Notably, only one non-US politician and one woman made it onto this influential list.
The analysis carried out by ApeX Protocol used data-driven metrics to identify and rank public figures who have the most influence in crypto today.
Crypto’s Most Influential Voices Today
Earlier this month, trading platform ApeX Protocol released an in-depth analysis identifying crypto’s most influential voices. Their methodology combined estimated crypto holdings, net worth, and social media reach.
“What this ranking really shows is that crypto influence isn’t just about who has the biggest wallet. It’s also about who’s being listened to… That kind of mix is what makes the crypto space so unique right now. It’s not just tech or finance, it’s politics, communication, and culture all wrapped into one,” an ApeX spokesperson said.
Politicians who have the most influence in crypto. Source: ApeX Protocol.
Final scores were determined by total followers across X and Instagram, reflecting each figure’s ability to shape public opinion and attract attention to the crypto space.
1. Elon Musk
The Tesla CEO and Dogecoin enthusiast surpassed President Trump as crypto’s most influential political figure. Musk’s substantial social media following of 221.2 million, where he frequently shares his crypto views, and his estimated $2 billion in crypto holdings, including corporate investments, propelled him to the top across all measures.
2. Donald Trump
The sitting US President secured the second position. He commands 142.7 million followers on X and possesses the third-highest crypto portfolio, exceeding $1.3 million. A report published by the Democracy Defenders Fund earlier this year found that the President’s crypto assets make up 37% of his total wealth.
3. Nayib Bukele
El Salvador President Nayib Bukele is the only non-US politician in the top 10. He holds an estimated $8.4 million in crypto assets and, despite initially making Bitcoin legal tender, later reversed this under pressure from the International Monetary Fund. He frequently engages with his 17.6 million followers on social media about crypto.
4. Robert F. Kennedy Jr.
The current Secretary of Health and Human Services holds $750,000 worth of cryptocurrency in his portfolio. He has widely followed social media accounts totalling nearly 11 million.
Robert F. Kennedy Jr becomes more of a legend everyday.
Kennedy frequently refers to Bitcoin as the “currency of freedom.” He believes it offers a hedge against inflation for middle-class Americans and can act as a remedy against the devaluation of the US dollar, which he fears is at risk.
5. Ted Cruz
The current US Senator for Texas and former Solicitor General of his home state holds approximately $32,500 in cryptocurrency. He maintains a significant social media presence with 9.1 million followers across X and Instagram.
Cruz strongly advocates Texas as a Bitcoin mining and crypto hub for jobs, innovation, and growth. He champions Bitcoin and other cryptocurrencies as vital safeguards against government control and for financial freedom, emphasizing decentralization against overreach, unlike Central Bank Digital Currencies.
6. JD Vance
Following closely behind Senator Cruz, Vice President JD Vance emerged as a key influential figure in cryptocurrency, securing the sixth spot. His impact is drawn from his role in public office and his substantial social media reach of 6.2 million followers. His estimated crypto holdings of $375,000 place him ahead of most politicians.
Vance believes the US should strategically embrace Bitcoin, especially given China’s ban on cryptocurrency trading and mining. He suggests Beijing’s Bitcoin opposition should motivate the US to adopt it.
The Vice President has also commended the US government’s establishment of a Strategic Bitcoin reserve and consistently encourages the crypto community to remain politically active.
7. Madison Cawthorn
Madison Cawthorn, the 29-year-old former Republican US Representative for North Carolina, holds $116,500 in digital assets.
As the youngest public figure on this list, he maintains a significant social media presence with over 1.18 million followers. Identifying as a constitutional conservative, he demonstrates crypto’s appeal among a new generation of political voices.
Cawthorn generally favors crypto. He previously promoted the “Let’s Go Brandon” (LGB) coin, expressing bullish sentiments like “This is going to the moon.” Yet, his crypto dealings sparked controversy.
In December 2022, the House Ethics Committee determined he improperly promoted a token in which he held an undisclosed investment and received an “improper gift” through favorable terms.
A recent disclosure filed with the #US House of Representatives revealed that @RepCawthorn failed to report $950,000 in #crypto trades!
He also failed to file timely transaction reports. Allegations of insider trading were investigated, though the Committee didn’t conclude he profited from non-public information.
8. Cynthia Lummis
Wyoming Senator Cynthia Lummis is a leading advocate for cryptocurrency in Congress, often called the “Queen of Crypto,” and is the only woman on this list to make the top 10.
She holds an estimated $230,000 in crypto reserves and commands an engaged social media following of over 390,000. Lummis currently chairs the Senate Banking Subcommittee on Digital Assets.
Pro-digital assets. Pro-innovation. Pro-America.
These market structure principles will guide legislation to make the U.S. the crypto capital of the world. pic.twitter.com/UQki5meTcc
In March 2025, she reintroduced the BITCOIN Act to establish a US Strategic Bitcoin Reserve. Lummis also co-sponsored the GENIUS Act, which President Trump recently signed into law.
She supports the CLARITY Act, a bill that, if enacted, would establish a regulatory market structure for digital assets.
9. Francis Suarez
Miami Mayor and prominent lawyer Francis Suarez comes in second-to-last place with $10,000 worth of virtual currencies and over 200,000 followers across social media.
Despite being on the lower end of the net worth scale, the Republican mayor has gained significant national attention for his strong advocacy and ambitious cryptocurrency-related initiatives.
Suarez has actively pursued a vision to make Miami the “Bitcoin capital of the world” to drive economic growth and attract tech talent. His initiatives include accepting his salary in Bitcoin and enabling tax payments in crypto.
He also played a key role in launching MiamiCoin and actively recruits crypto businesses. Despite market volatility, he views Bitcoin as a “currency of freedom” and a vital tool for economic diversification.
10. Pat Toomey
American businessman and former Representative from Pennsylvania Pat Toomey rounds out the top ten with nearly $8,000 worth of crypto and almost 187,000 followers on social media.
As former Ranking Member of the Senate Banking Committee, Toomey championed the need for a defined regulatory framework distinguishing crypto commodities from securities.
Toomey was a key figure in stablecoin legislation, introducing the 2022 Stablecoin TRUST Act to ensure proper backing and transparency.
Honorable Mentions: Michael Collins and Michael McCaul
Michael Collins, a US Representative for Georgia, holds an estimated $8,000 in cryptocurrency. While he only has 130,000 followers across social media, his substantial $18.75 million net worth keeps him influential in the broader crypto conversation, placing him just outside the top 10.
Michael McCaul, a US Representative for Texas and the current House Foreign Affairs Committee Chairman, concludes the list of influential political figures in crypto.
He possesses the third-highest net worth in the ranking at an estimated $200 million. McCaul’s reported crypto holdings are tied to those of Michael Collins.
A recent disclosure filed with the 
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