- Market Commentary: The market has entered a consolidation phase following the release of earlier volatility. BTC is trading in a narrow range around \$74,600, while ETH is relatively stronger and showing a phase of recovery. Risk appetite has rebounded to neutral, though opportunities remain largely structural. In derivatives, liquidations on both long and short sides continue, indicating ongoing leverage clearing, with capital rotating into high beta sectors such as DeSci. Tokens including BIO, ENJ, and QORPO posted notable gains, mainly driven by strengthened narratives, product developments, and catch up flows.
- Highlights: Total stablecoin supply remains elevated at around \$320 billion, providing ample on chain liquidity to support both spot and derivatives markets. Meanwhile, the Fear and Greed Index has rebounded to 55. Under neutral sentiment, the market is shifting from extreme risk aversion toward more selective, structure driven allocations, with trading activity gradually recovering.
- Weekly Focus: Gate has launched its Pre-IPO product with the debut of SPCX, enabling on chain participation in pre IPO asset subscriptions and extending crypto platforms toward multi asset integration with traditional capital markets. At the same time, Bitwise introduced a spot AVAX ETF with a built in staking yield mechanism, further expanding crypto ETF products into a broader range of assets and enhancing institutional allocation tools. On chain, security incidents related to cross chain bridges and the use of mixing services have once again heightened concerns around infrastructure security and compliance risks.
- Looking Ahead: Over the next seven days, approximately \$165 million worth of tokens is set to unlock, with ZRO, SUI, and ARB accounting for a larger share. The near term increase in supply may create price pressure, and close attention should be paid to the unlock schedule and the market’s liquidity absorption capacity.
Discover more details today → Gate Research: Institutional Inflows Continue into BTC Products, Gate Pre-IPOs Launches SpaceX
Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides deep content for readers, including technical analysis, market insights, industry research, trend forecasting, and macroeconomic policy analysis.
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Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.
Gate Team
April 16, 2026
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