Whale Snow Rabbit · Market Morning Report for April 16, 2026

Market Sentiment

The crypto market continues its retaliatory rebound trend. Bitcoin stabilizes above $75k, violently surging from a low of $60k to $76k, with an almost 45% increase within the range. Shorts are heavily hit, with over 180k liquidations in 24 hours, totaling $660 million, with shorts accounting for nearly 80%.

Market sentiment has shifted from panic to optimism, but the short-term gains are too large, and profit-taking pressure should be watched.

BTC Daily Observation

Breakthrough of the $75k key resistance level, bullish momentum remains strong. On-chain data shows long-term holders (LTH) holding over 68%, miner selling pressure has significantly eased, and the chip structure continues to optimize.

Technically, focus on whether the $78k resistance can be effectively broken, with support at $72k below.

ETH Daily Observation

Outperforming the broader market, surpassing the $2,200 mark. On-chain active addresses continue to grow, L2 network TVL rebounds, ETH/BTC ratio hits a new high since January, indicating clear signs of ecosystem recovery.

Attention should be paid to whether it can break away from the market trend and form an independent rally.

Sector Rotation

Funds are flowing from large caps to small and mid-cap stocks. The MarketVector small-cap index leads the rally, mid-cap indices are also strengthening, while large-cap indices are relatively weak, showing active market rotation.

Mainstream altcoins are rising in tandem, with previously oversold coins experiencing 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 institutional selling pressure.

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, which is positive for crypto assets.

The Federal Reserve chair nomination hearing will be held today, focusing on statements regarding monetary policy directions.

Risk Warning

The current rally is mainly driven by short covering and macro sentiment improvement. The short-term gains are too large, and there is 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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