SoSo Daily Mar 13 | Trading Dynamics of Leverage Whales on GMX and Hyperliquid
Crypto Market Overview
Let's turn our attention to today's overall Crypto market situation.
As of 11:59 AM on March 13, 2025, according to sosovalue, the total market cap of the crypto market stands at 2.79 trillion US dollars, witnessing a decrease of 1.31% compared to yesterday; the total trading volume is 112.36 billion US dollars, marking a decline of 20.1% from the previous day.
Cryptocurrency Market Update
According to sosovalue, the price of $BTC is 82,930 USD, a decrease of 0.0892% from yesterday. The market cap of $BTC is 1.65 trillion USD, accounting for 59% of the total market cap; $BTC's 24-hour trading volume is 34.49 billion USD, making up 30.7% of the total trading volume.
The price of $ETH is 1,898.9 USD, down 0.936% from yesterday; the market cap of $ETH is 229.03 billion USD, representing 8.21% of the total market cap; $ETH's 24-hour trading volume is 20.61 billion USD, comprising 18.3% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 67.21% of the total cryptocurrency market cap, and their combined trading volumes constitute 49% of the total trading volume.
After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:
As of 12:00 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Neiro on ETH. As of 11:50 today, its market cap is 386.33K, with a coin price of 0.00038633 USD, witnessing a 24-hour increase of 523%.
The second is LayerAI. As of 11:50 today, its coin price is 0.0040480 USD, with a 24-hour increase of 92.6%.
The third is Prisma Governance Token. As of 11:50 today, its coin price is 0.047790 USD, showing a 24-hour increase of 79.3%.
In fourth place is Phantasma. As of 11:50 today, its coin price is 0.079700 USD, with a 24-hour rise of 44.6%.
In fifth place is Unifi Protocol DAO. As of 11:50 today, its coin price is 0.32050 USD, increasing by 31.4% over the last 24 hours.
Sector Performance in the Crypto Market
According to sosovalue, out of 16 sectors, 14 are up and 2 are down. Notably, the PayFi, SocialFi, and CeFi sectors are worth mentioning.
PayFi Sector
The PayFi sector has risen by 3.04% relative to the UTC 0 time, led by gains in XLM (9.39%), KLV (7.77%), and CIRUS (3.65%).
SocialFi Sector
The SocialFi sector has increased by 2.49% relative to UTC 0, with 00 (4.1%), TON (3.34%), and GFT (2.85%) leading the rise.
CeFi Sector
The CeFi sector has risen by 2.43%, with TROY (28.5%), LCX (4.98%), and CRO (3.75%) leading the rise.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Leverage whales have closed their short positions on GMX and have opened long positions in $ETH simultaneously on Hyperliquid and GMX.
Next news:Ripple has obtained a license in Dubai to provide cryptocurrency payment services in the United Arab Emirates (UAE). This move marks a significant step for Ripple as it expands its presence in the Middle East, leveraging Dubai's favorable regulatory environment for digital assets. The license will allow Ripple to offer its payment solutions to a broader audience in the region, potentially increasing the adoption of its services.
Next news:
According to SoSoValue, as of March 12th (Eastern Time), Bitcoin spot ETFs experienced a total net inflow of $13.33M.
Yesterday, Grayscale's ETF GBTC had a net outflow of $11.81M, bringing GBTC's total historical net outflow to $22.49B.
Grayscale Bitcoin Mini Trust ETF $BTC had a net inflow of $ 5.51M，bringing Grayscale Bitcoin Mini Trust ETF $BTC's total historical net inflow to $1.09B.
The Bitcoin spot ETF with the highest net inflow for the day was Ark Invest and 21Shares's ETF ARKB, with a daily net inflow of $82.60M, with ARKB's total historical net inflow reaching $2.55B.
As of this writing, the total net asset value of Bitcoin spot ETFs stands at $92.45B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 5.61%. The historical cumulative net inflow has reached $35.42B.
Source: https://sosovalue.com/assets/etf
Next news:
According to TechFlow's news on March 13th, monitoring by Ai Yi revealed that the Ethereum whale address 0xD2E...eCa41 liquidated all 6,401 $ETH purchased in December 2023 three hours ago, totaling approximately $12.23 million, resulting in a loss of $1.974 million.
The investor's acquisition cost was $2,219 per $ETH, while the selling price was only $1,910 per $ETH, leading to a 14% decrease in asset value over the 15-month holding period. The income generated from staking in various $ETH LRTs was also unable to cover this loss.
Next news:Nebraska Governor Jim Pillen has signed the LB609 bill aimed at combating fraud and protecting users of cryptocurrency kiosks and ATMs. The bill requires kiosk operators to obtain a license under Nebraska's Money Transmitter Act and to clearly disclose all terms of their services, including consumer fraud warnings. Nebraska Department of Banking Director Kelly Lammers stated that Nebraska is open to the cryptocurrency sector but will closely monitor fraudulent activities involving crypto ATMs. The Federal Trade Commission reported that fraud losses involving Bitcoin ATMs exceeded 65 million USD in the first half of 2024.
Next news:
According to Wu's report and data from SoSoValue, on March 12 (Eastern Time), the total net outflow of Ethereum spot ETFs was $10.40 million, marking the sixth consecutive day of net outflows. The Ethereum ETF with the highest single-day outflow yesterday was Fidelity's Ethereum ETF (FETH), which had a net outflow of $3.75 million. Currently, FETH has a historical total net inflow of $1.43 billion.
Next news:
According to Bitcoin Magazine, the Bitcoin Strategic Reserve Bill proposed by U.S. Senator Cynthia Lummis has been published on the Congressional website. The bill aims to "establish a strategic Bitcoin reserve and other projects to ensure transparent management of the federal government's Bitcoin holdings, utilize specific resources from the Federal Reserve System to offset costs, and for other purposes." The bill has been submitted to the Senate Committee on Banking, Housing, and Urban Affairs for review. The bill is still in its preliminary stages and will require committee review, voting in both the House and Senate, and presidential signing to officially become law.
Next news:
Argentinian lawyer Gregorio Dalbon has officially requested a red notice from Interpol to arrest entrepreneur Hayden Davis in connection with the Libra cryptocurrency scandal. Dalbon accuses Davis of playing a central role in the collapse of the Libra token, resulting in losses of millions of dollars for investors. Currently, prosecutors have frozen approximately $100 million in cryptocurrency assets related to this case, and Davis's lawyer has yet to respond to the matter. (Decrypt)
Next news:
According to Wu, Onchain Lens monitoring has revealed that a newly created wallet withdrew 201,755 SOL from Binance, worth approximately 250.80 billion USD, and has staked these SOL.
Next news:According to Fortune, among the 22 cabinet members of President Trump, 6 listed Bitcoin wallets or indirectly held cryptocurrencies through other financial instruments in their January financial disclosures, with a total value of several million dollars. The 6 officials are: Secretary of Health and Human Services Robert Kennedy Jr.; Director of the Office of Management and Budget Russell Vought; Director of National Intelligence Tulsi Gabbar; Secretary of Defense Pete Hegseth; Secretary of the Treasury Scott Bessent; Secretary of Transportation Sean Duffy.
Okay that's all for today. Thank you for tuning in, and we hope you found it helpful. Visit sosovalue.com, our one-stop financial research platform for crypto investors, to stay abreast of the latest market trends and key information. Until next time, goodbye.