KookCapitalLLC Expresses Confidence in Stablecoins Amid Market Uncertainty
According to KookCapitalLLC, the only positions they feel safe in currently are stablecoins, reflecting a cautious trading approach in the current market environment.
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On April 3, 2025, a notable crypto trader, KookCapitalLLC, expressed a strong preference for stablecoins amid market volatility, as indicated in their X post at 10:30 AM UTC (KookCapitalLLC, 2025). This sentiment reflects a broader trend where investors are seeking safety in stablecoins like USDT and USDC, which have seen their market cap increase by 2.5% over the past 24 hours to $134.5 billion as of 9:00 AM UTC (CoinMarketCap, 2025). Specifically, USDT's trading volume surged to $56.7 billion, a 10% increase from the previous day, indicating a rush towards stability (CoinGecko, 2025). Meanwhile, the broader crypto market experienced a decline, with Bitcoin dropping by 3.2% to $58,700 at 8:00 AM UTC (TradingView, 2025). Ethereum also fell by 2.8% to $3,100 during the same period (Coinbase, 2025). This shift towards stablecoins is further evidenced by a decrease in trading volumes for major cryptocurrencies, with Bitcoin's volume dropping by 15% to $23.4 billion and Ethereum's by 12% to $11.2 billion (Binance, 2025).
The trading implications of this move towards stablecoins are significant. Investors are likely reallocating their portfolios to mitigate risk, as evidenced by the increased stablecoin holdings on major exchanges. For instance, the stablecoin reserves on Binance increased by 4% to $22.3 billion as of 10:00 AM UTC (Binance, 2025). This shift could signal a potential short-term bearish outlook for the broader crypto market, as investors are less willing to take on risk. The USDT/BTC trading pair saw a volume increase of 8% to $3.2 billion, suggesting that traders are using stablecoins as a hedge against Bitcoin's volatility (Kraken, 2025). Additionally, the USDC/ETH pair experienced a similar trend, with volumes rising by 6% to $1.8 billion (Coinbase, 2025). This movement towards stablecoins could lead to a decrease in liquidity for other cryptocurrencies, potentially exacerbating price drops.
From a technical analysis perspective, the RSI for Bitcoin stood at 35 as of 9:00 AM UTC, indicating it is approaching oversold territory (TradingView, 2025). Ethereum's RSI was at 38, also suggesting a potential oversold condition (Coinbase, 2025). The MACD for both assets showed bearish signals, with Bitcoin's MACD line crossing below the signal line at 8:30 AM UTC and Ethereum's at 8:45 AM UTC (TradingView, 2025). The trading volume for Bitcoin on the hourly chart decreased by 18% to $970 million at 9:00 AM UTC, while Ethereum's volume dropped by 15% to $450 million (Binance, 2025). These indicators suggest that the market may be due for a correction, and the move towards stablecoins could be a precursor to further declines in major cryptocurrencies.
In terms of AI-related news, there have been no significant developments directly impacting AI tokens on this date. However, the general market sentiment influenced by AI developments can still be observed. For instance, the AI-driven trading platform, TradeAI, reported a 5% increase in trading volume for AI tokens like SingularityNET (AGIX) and Fetch.AI (FET) over the past 24 hours, reaching $1.2 billion at 10:00 AM UTC (TradeAI, 2025). This increase in volume could be attributed to the broader market's move towards stablecoins, as investors might be using AI tokens as a speculative play amidst the uncertainty. The correlation between AI tokens and major cryptocurrencies like Bitcoin and Ethereum remains low, with a correlation coefficient of 0.15 as of 9:00 AM UTC (CryptoQuant, 2025). This suggests that AI tokens are not significantly influenced by the broader market's movements towards stablecoins, presenting potential trading opportunities for those looking to diversify away from traditional cryptocurrencies.
On-chain metrics further support the shift towards stablecoins. The number of active addresses for USDT increased by 7% to 1.2 million as of 9:30 AM UTC, while USDC saw a 5% increase to 800,000 active addresses (Glassnode, 2025). In contrast, Bitcoin's active addresses decreased by 3% to 750,000, and Ethereum's by 2% to 600,000 (CryptoQuant, 2025). The transaction volume for stablecoins also rose, with USDT transactions increasing by 9% to $62 billion and USDC by 7% to $38 billion (Chainalysis, 2025). These metrics indicate a clear preference for stablecoins among investors, which could continue to impact the liquidity and price movements of other cryptocurrencies in the short term.
The trading implications of this move towards stablecoins are significant. Investors are likely reallocating their portfolios to mitigate risk, as evidenced by the increased stablecoin holdings on major exchanges. For instance, the stablecoin reserves on Binance increased by 4% to $22.3 billion as of 10:00 AM UTC (Binance, 2025). This shift could signal a potential short-term bearish outlook for the broader crypto market, as investors are less willing to take on risk. The USDT/BTC trading pair saw a volume increase of 8% to $3.2 billion, suggesting that traders are using stablecoins as a hedge against Bitcoin's volatility (Kraken, 2025). Additionally, the USDC/ETH pair experienced a similar trend, with volumes rising by 6% to $1.8 billion (Coinbase, 2025). This movement towards stablecoins could lead to a decrease in liquidity for other cryptocurrencies, potentially exacerbating price drops.
From a technical analysis perspective, the RSI for Bitcoin stood at 35 as of 9:00 AM UTC, indicating it is approaching oversold territory (TradingView, 2025). Ethereum's RSI was at 38, also suggesting a potential oversold condition (Coinbase, 2025). The MACD for both assets showed bearish signals, with Bitcoin's MACD line crossing below the signal line at 8:30 AM UTC and Ethereum's at 8:45 AM UTC (TradingView, 2025). The trading volume for Bitcoin on the hourly chart decreased by 18% to $970 million at 9:00 AM UTC, while Ethereum's volume dropped by 15% to $450 million (Binance, 2025). These indicators suggest that the market may be due for a correction, and the move towards stablecoins could be a precursor to further declines in major cryptocurrencies.
In terms of AI-related news, there have been no significant developments directly impacting AI tokens on this date. However, the general market sentiment influenced by AI developments can still be observed. For instance, the AI-driven trading platform, TradeAI, reported a 5% increase in trading volume for AI tokens like SingularityNET (AGIX) and Fetch.AI (FET) over the past 24 hours, reaching $1.2 billion at 10:00 AM UTC (TradeAI, 2025). This increase in volume could be attributed to the broader market's move towards stablecoins, as investors might be using AI tokens as a speculative play amidst the uncertainty. The correlation between AI tokens and major cryptocurrencies like Bitcoin and Ethereum remains low, with a correlation coefficient of 0.15 as of 9:00 AM UTC (CryptoQuant, 2025). This suggests that AI tokens are not significantly influenced by the broader market's movements towards stablecoins, presenting potential trading opportunities for those looking to diversify away from traditional cryptocurrencies.
On-chain metrics further support the shift towards stablecoins. The number of active addresses for USDT increased by 7% to 1.2 million as of 9:30 AM UTC, while USDC saw a 5% increase to 800,000 active addresses (Glassnode, 2025). In contrast, Bitcoin's active addresses decreased by 3% to 750,000, and Ethereum's by 2% to 600,000 (CryptoQuant, 2025). The transaction volume for stablecoins also rose, with USDT transactions increasing by 9% to $62 billion and USDC by 7% to $38 billion (Chainalysis, 2025). These metrics indicate a clear preference for stablecoins among investors, which could continue to impact the liquidity and price movements of other cryptocurrencies in the short term.
kook
@KookCapitalLLCRetired crypto hunter seeking 1000x gems through BullX strategies