Coinbase Witnesses Significant BTC Inflow Amid Market Turbulence

In a market upheaval triggered by President Trump’s tariff announcement, Bitcoin’s price fluctuated dramatically, while Coinbase observed a notable influx of BTC.

Bitcoin Market Turbulence Amid Trump’s Tariff Announcement

Between the 3rd and 4th of April, Bitcoin [BTC] markets faced major turbulence. The catalyst was U.S. President Donald Trump’s tariff announcement, which rattled global risk assets. Bitcoin responded swiftly, falling from $88,500 to $81,000 before recovering near $83,000. Notably, long-term holders began to move dormant coins, while short-term holders contributed to a sell-off. Coinbase saw a significant inflow of 2,500 BTC in one block, raising questions about whether whales were looking to exit. Additionally, over 18,000 Bitcoin from short-term holders were sold amid macro volatility.

Ethereum Fees Hit 4-Year Low as Activity Shifts to L2 Networks

Ethereum’s total transaction fees dropped by nearly 60% in Q1 2025, falling to roughly $208 million as of April 4. This decline was primarily driven by the adoption of Layer-2 networks, especially Coinbase’s Base, and Ethereum’s Dencun upgrade which made transactions on these scaling layers more efficient. The network is facing challenges including falling market performance and weakening fundamentals.