Bitcoin


Breaking through the $75k key resistance level, bullish momentum is strong. On-chain data shows that long-term holders (LTH) account for over 68% of holdings, miner selling pressure has significantly eased, and the chip distribution continues to optimize.
Technically, focus on whether the $78k resistance can be effectively broken, with support at $72k below.
Ethereum
Outperforming the market, surpassing the $220 mark. On-chain active addresses continue to grow, L2 network TVL rebounds, ETH/BTC ratio hits a new high since January, signaling clear ecosystem recovery.
Sector rotation
Funds are flowing from large caps to small and mid-cap stocks. The MarketVector small-cap index leads the gains, mid-cap indices are also strengthening, while large-cap indices are relatively weak, indicating active market rotation.
Mainstream altcoins are rising in sync, with previously oversold tokens showing technical rebounds.
Institutional movements
U.S. Bitcoin spot ETF has seen net inflows for three consecutive days, with a net inflow of $470 million on April 15, significantly easing selling pressure from institutions.
Goldman Sachs has filed for a Bitcoin premium yield ETF, planning to use covered call strategies with monthly cash dividends, accelerating the era of active management.
Coinbase has been approved for a national trust bank license, further improving the compliant ecosystem.
Geopolitics
The US dollar index fell below 98, hitting a six-week low. Expectations for the restart of US-Iran negotiations are rising, oil prices have fallen back to around $92, and risk appetite is warming, benefiting crypto assets.
The Federal Reserve chair nomination hearing will be held today, with attention on monetary policy stance.
Risk warning
The current rally is mainly driven by short covering and improved macro sentiment. The short-term gains are large, with a risk of a pullback.
The outcome of the Fed hearing could trigger significant market volatility; please strictly control your positions.

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BTC-1.77%
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