🔍【Second Week of April Crypto Recap】



▫️BTC: Range 67.3k–73.1k, closing around 71k, up approximately 8.7% for the week. Repeatedly testing 73k resistance, still in high-level consolidation without a clear breakout.

▫️ETH: Weakly following around $2100–2300, limited capital outflow.

▫️Capital: Spot BTC ETF weekly net inflow of about $789 million (highest since late February), with nearly 80% from IBIT; but intra-day still shows outflows, reflecting divergence.

▫️Catalyst: CPI data + Middle East ceasefire expectations triggered short squeeze, with over $300 million liquidated in 24 hours; fear and greed index remains in extremely low zone.

▫️Policy: US "CLARITY Act" scheduled for mid to late April review, stablecoin provisions nearing consensus; Japan’s cabinet approved legal amendments to include BTC/ETH under financial product regulation, aiming to cut tax to 20%.

📌Opinion: The rise is driven by short squeeze, not purely incremental capital trend. Before breaking 73.5k, a 65–73k range is more prudent, controlling leverage, waiting for the right direction. ⚠️
$BTC $ETH #Gate现货衍生品双双冲进全球前三 #Gate广场四月发帖挑战
BTC-2,88%
ETH-3,88%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
Add a comment
Add a comment
BrotherCaiTrading
· 6h ago
Just add 72486 afterward.
View OriginalReply0
BrotherCaiTrading
· 6h ago
🐧 can be 6486
View OriginalReply0
BrotherCaiTrading
· 6h ago
Just charge forward and it's done 👊
View OriginalReply0
BrotherCaiTrading
· 6h ago
Hop in the car!🚗
View OriginalReply0
  • Pin