The current market conditions are indeed tough, DOJI. Not just a feeling — today’s Fear & Greed index is at **11 (Extreme Fear)**, a very low level. This indicates the market is again dominated by panic. Here's a breakdown of why:

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**1. Heavy Macroeconomic Pressure**

Trump’s trade war remains a major concern. Geopolitical tensions (including the ongoing Iran conflict) cause investors to flee risky assets. US retail data that’s weaker than expected also triggers fears of stagflation — the worst-case scenario for cryptocurrencies.

**2. Bitcoin Still Stuck in a Critical Zone**

BTC is currently around **$68,573**, down about 1.25% in the last 24 hours. Resistance levels above $72K feel difficult to break through(, and major miners like MARA Holdings have already started selling large amounts of BTC. Whale wallets collectively have released more than 188,000 BTC since mid-2025 — a serious sign of distribution.

**3. ETH Is Worse**

ETH has fallen **-2.58%** to $2,090, and has corrected over 30% since early 2026. There’s even a prediction from )Polymarket#2 suggesting a 60% chance that ETH will lose its position #GateSquareAprilPostingChallenge to USDT this year — something that has never happened before.

**4. Market Sentiment Is Divided**

On X/Twitter, BTC discussions show **68 bullish accounts vs 45 bearish accounts** — a narrow margin. This indicates no strong consensus. Influential figures like Willy Woo even suggest BTC could go sideways for 8–12 years, which immediately dampens sentiment.

**5. Funds Moving into Gold and Silver**

Gold has risen over 70% and silver over 150% this year — capital that usually flows into crypto is now mostly parked in precious metals due to their perceived safety amid uncertain geopolitical conditions.

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**There is one positive signal to watch:**

Inflow into spot BTC ETFs continues — institutions have not fully exited. The weekly MACD for BTC is also approaching a golden cross, which could signal a reversal, but confirmation from macro factors is needed first. As long as tariff uncertainties and geopolitical tensions persist, this pressure is likely to continue.