On April 21, the worldwide cryptocurrency market skilled a violent shock. The price of Bitcoin as soon as exceeded $87,000, setting a brand new excessive in almost three months; Ethereum returned to above $1,600, Solana (SOL) additionally rose to above $140, and the altcoin sector usually rose barely. Nonetheless, market threat sentiment has not totally recovered. In response to XBIT (dex Trade) statistics, the 24-hour liquidation quantity of open contracts on your entire community reached $220 million that day, of which brief orders accounted for greater than 60%, indicating a fierce recreation between bulls and bears.
Twitter: @XBITDEX
Macro strain and coverage recreation grow to be the principle causes for the market
The latest Fed coverage and the Trump administration’s tariff measures have difficult the worldwide macroeconomic surroundings. U.S. shares and crypto markets are below strain on the identical time: Fed Chairman Powell reiterated this week that “there will be no intervention in market fluctuations”, and his hawkish stance has exacerbated traders’ considerations about financial coverage tightening. On the identical time, the Trump administration launched a sign of tariff adjustment, saying that “the increase in tariffs between China and the United States may be coming to an end”, however coverage uncertainty nonetheless makes market sentiment cautious. Affected by this, the spot gold price broke by way of the historic excessive of US$3,364 per ounce, and the safe-haven demand was in sharp distinction to the volatility of the crypto market.
Institutional views diverge: Bull market restart or long-term consolidation? Confronted with market fluctuations, establishments have important variations sooner or later market pattern.
Optimists: Bitcoin can anticipate a brand new excessive this yr! XBIT (dex Trade) order movement analysts predict that Bitcoin will break by way of its historic excessive this yr and remind traders to be cautious of the danger of profit-taking when sentiment is overheated. He emphasised that the present market remains to be in a cyclical upswing。
Twitter: @XBITDEX
Cautious: A number of catalysts are wanted to assist continued progress! XBIT (dex Trade) Development Director analyzed that if Bitcoin needs to proceed its rise, it must depend on catalysts such because the Fed’s rate of interest cuts, stablecoin liquidity progress or authorities stimulus insurance policies. The report identified that the numerous upward motion of altcoins requires precise purposes to drive demand, however the present liquidity inflow is unlikely.
Technical warning: Could enter a long-term consolidation interval! XBIT (dex Trade) Analysis Director warned that the Bitcoin Stochastic Oscillator indicator reveals that the market is nearer to the “late cycle top” reasonably than the start of a bull market. He expects Bitcoin to fall right into a long-term consolidation, which contrasts with the optimistic expectations of some analysts for “mid-year new highs.”
XBIT information reveals that “whale” wallets holding 10,000 to 10,000 bitcoins have continued to extend their holdings lately, and have purchased greater than 53,600 bitcoins since March 22, indicating that long-term holders are nonetheless shopping for on dips. Nonetheless, XBIT (dex Trade) Analysis Director predicts that the market might backside out within the second quarter of 2025 and advises traders to keep up a defensive technique. Select XBIT (dex Trade) The community ensures that transaction information are open and clear, and it’s troublesome for a single entity to intervene or freeze. Anybody can commerce freely on the chain, with out being affected by authorities or institutional geographical blockades. Solely a smartphone and the Web are wanted to commerce, protecting people who find themselves not reached by the normal monetary system. Some DEXs assist multi-chain asset transactions (equivalent to Polkadot and Cosmos ecology), breaking down boundaries between chains.
Twitter: @XBITDEX
Regardless of the elevated volatility within the brief time period, establishments usually consider that the crypto market is at a “crossroads”. The Fed’s coverage path, geopolitical dangers, and potential constructive components equivalent to Bitcoin ETFs will grow to be key variables in future traits. Buyers have to be cautious of excessive volatility and take note of macro indicators and technical turning factors.
Disclaimer: The knowledge supplied on this press release just isn’t a solicitation for funding, neither is it supposed as funding recommendation, monetary recommendation, or buying and selling recommendation. It’s strongly beneficial you follow due diligence, together with session with an expert monetary advisor, earlier than investing in or buying and selling cryptocurrency and securities.