- BTC: Around $68,100, up slightly +0.5% in 24h

 
- ETH: Around $2,038, down slightly -0.7% in 24h
 
- Market Sentiment: Fear and Greed Index at 31 (Fear), retail investors cautious, whales controlling the market

📊 Current Key Points

1. Institutional Control of BTC
Exchange whale holdings account for over 60% (a ten-year high)
Short-term holder ratio below 4% (a historical bottom signal)
On one side, retail investors are fearful; on the other, institutions quietly accumulating.

2. Market Outlook
Wide-range fluctuations, sector differentiation

- Resistance above: 69,000–70k
- Key support: 66,000–65k
Without volume breakout above 70,000, a big move is unlikely; breaking below 65,000 warns of a second bottom.

3. Where is the capital going?
No longer a general rise; funds are flowing into two categories:

- AI tokens, RWA (Real-World Asset on-chain), and other projects with real-world stories
- Leading public chains like SOL, compliant ecosystems
Shanzhai pure air coins continue to lose value.

💡 Trading Suggestions (Rational Version)

- Derivatives: High volatility + frequent liquidations, strictly control leverage, observe more, act less
- Spot:
- Light positions, gradually allocate mainly to BTC/ETH
- Small positions to experiment with AI, RWA, SOL ecosystems, leading projects
- Stay away from small coins, sh*tcoins, high leverage

⚠️ Risk Reminder

- In April, watch CPI/PCE data, Federal Reserve rate cut expectations
- Geopolitical issues, token unlocks, regulatory news can easily trigger shocks
- Bear market bottoming is the most painful; preserve principal > chasing quick riches