🔥 Analyst: Bitcoin is still facing oil price shocks and inflation tests, and macro uncertainty continues to weigh on the market

Bitcoin rose this week, with a roughly 8% gain over the past week, trading at $72,267; Ethereum rose about 7.8% in the same period, and several altcoins also rebounded. Bitcoin spot ETFs recorded a net inflow of $358 million on April 9, while Ethereum spot ETFs saw net inflows of approximately $85 million (according to Farside data). However, analysts generally note that the market has not yet shaken off volatility driven by geopolitics and interest rates. QCP Capital said that the key takeaway this week is that a ceasefire is not the same as a full return of risk appetite; crude oil has already priced in some war premiums, but it is still not enough to eliminate inflation pressures, and the market is still some distance from a smooth pricing recovery.
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